actually very easy to analyze situation at scomies, most of the order book and its gossip were never been true...the helping hands that been handed to them by the 2 datos has taken its toll on them and it has to be settled at court. basically calvintaneng is not really conman, just that all his analysis is following false news by scomies which proven to be his downfall in share market. i dunno how long he need to lure fishes inside to gain back his losses but, it wont happen and scomies goin to close shop sooner or later...regardless oil price goin to hit until 50 or 100.
i think its a trap coz any country in the world is having GDP and recession issue, and only this counter talking about profitable busy port biz comparable to pre-covid19. it's like not affected at all by this recession? Lets say even if it's gloves or healthcare industry, it certainly not justify a port function where it was supposed to transport alot other stuffs instead of just the forementioned.
Scomi Energy: Files for court order to block immediate wind-up. Scomi Energy Services (SESB) and its subsidiaries, which have been served with winding up petitions, today applied for a judicial management (JM) order at the High Court. The application for the JM order immediately puts into effect a moratorium from the start of the application until the granting or dismissal of the application. During the period, no resolution can be passed or order made for the winding-up of SESB and its subsidiaries. (The Edge)