SCOMI GROUP BERHAD TARGET PRICE - RM0.86

The company is also involved in the bidding for one of the RSC field. We conservatively do not include the potential award in our forecasts. To note, if SES wins the RSC, our target price will be raised from RM1.02 to RM1.18. Currently, Scomi Group is trading at 48% discount to its SOP of RM0.86. By pegging at 20% holding company discount, we derive a fair value for Scomi Group of RM0.70 (provides 66% upside from current price). Hence, it is a cheaper proxy to SES.

Source: Hong Leong Investment Bank Research - 5 Mar 2014

hepitrade: guess u got to pick inariw seller, no choice after lunch - fly!! Also will need to follow sifu closely when he unloads. Very important, we got to learn from him on selling into strength; and dump for lesser profits/cut losses during a sudden uptrend reversal.

hepitrade: INARI, afternoon show!

butter_will_fly: SCOMI comin back! afternoon show I guess. hehe

butter_will_fly: r u still holdin ur prized trophy BRAHIM. Well, if r, please hold tight tight!! This a growth stock, a must hv for all our forrumers. Excellent financials and far greater jobs and corporate exercises on the way.

butter_will_fly; Sold my CMSB. Stuck in SCOMI@0.475c!!

Congrats all pelican holders. It pays good to hold the stock under current market conditions.

mikekong55: market slowing!

mikekong5; CMSB was scarry! MKH, I will not go in, as it looks also high. Stay sidelines with CMSB profits and watch.

mikekong55: took ur advise bro. Sold my CMSB 10k (cost RM@7.90) for RM8.84 all. Profit 8k+. I am clearing my portfolio, don't want to hold much over weekend except Inariw. Stuck with 100k SCOMI @0.475c. Lookin to dispose it off if possible. Wht u think of MKH now??

07/03/2014 10:16

CMSB - 8.85; got to hold this stock. TP 10.00.

Good morning folks and good luck tradin. God bless/

butter_will_fly: congrats butter bro. A whopping 10% increase in BRAHIM's price. Told u that the private placements were for big money for big business projects secured or to be secured.

hepitrade: thh, as long as uncle QUEK on board, why worry? Will steer the company in the right direction.

INARI SO BULLLLISHHHHH..... Thks sifu mike.

hepitrade: concentrate on Inariw first: did u buy Homeriz?

butter_will_fly: In my shopping cart for today, only concerned about SCOMI. Cab check for me later the TA. No money to buy MKH, its also going to fly high tomorrow. ASIAN markets closed high, EUROPE opening nice. Talk to u later. Need a ciggie break. Tensed up.

butter_will_fly: Last minute bullish. hope it continues tomorrow.

mikekong55: Bro just bot 50k Inariw @1.57.

mikekong55: still got time to buy MKH. Looks bullish for tomorrow: also insariw. Green light from u sir

mikekong55: MKH all sold, ok small profit. Hldg 100k Homeriz@ Rm 0.685; 10k CMSB averaging @ 7.90 and 100k SCOMI @0.475

hepitrade: Homeriz - Bro, I will place a modest TP of 76c, based on a forward PE of 7x FY14 eps of 10.86c. It could be better. Need to hold this stock as ur portfolio. Excellent financials - net cash per share of 21c and minimal debt of 1.3c per share.

butter_will_fly: HOMERIZ and POH HUAT show comin

SCOMI liao

butter_will_fly: watch poh huat!

butter_will_fly: thks

butter_will_fly: SCOMI comin back strong. Will it hit 50c today?

butter_will_fly: SALCON comin back. Need to hold this, trading below NTA.

butter_will_fly; Some homeriz and poh huat. need to hold

butter_will_fly; hldg CMSB yes. Maybe keep as my portfolio near term.

butter_will_fly: presbhd - excellent fundamentals

butter_will_fly: presbhd and CMSB

Presbhd is comin up. good fundamental stock

butter_will_fly> thks bro

butter_will_fly: is SCOMI worth buyin now based on ur analysis bro

butter_will_fly: thks bro

butter_will_fly: ia m lookin at a 2 fundamental companies namely, homeriz, and presbhd for mid-term investment. They look good FA wise. Just the right entry cost. Will see how

butter_will_fly: bro wht u think about the D'sonic chart. sorry to disturb u so late.

zu1967: sorry to hear. We only wish everone makes here. Hepi should be hepi not incurring losses, by selling KNM @0.705. Tommorrow agree with Richmond bro, this counter will be in the red. Has been movin up from its lows of 61.5c, 2 days ago. Well the market is undergoing profit takin now. Wait for an opportune time to go back in again.

Most bursa counters subject to profit taking now.

hepitrade: good bro. KNM - it was a good journey from 61.5c onwards. Long march, but rewarding.

mike: sold 10k MKH @3.94. KNM 100k sold @69.5c.

butter_will_fly: noted bro on Homeritz, FA wise great. Only to find the right entry cost to maximize profits. I will do my analysis and post it here soon. NO SIGN OF CAPTAIN HEPI!!! KNM 71.5c.

butter_will_fly: don't worry bro. SILK profit is still a profit no matter how small. Ur clever play will mean higher profits in future. Need to pick a few good ones, and u r there. Sifu mike & bro swing r always here with their value added inputs. We hv found a team of TA AND FA experts here.The market is always here. The regain ship is on course!

butter_will_fly: ok and thanks. sit quite and smoke a cigar and relax. Wait for ur directions.

Hepi; r u monitoring KNM, will go past 70c. watch and take profit, don't be greedy and get stuck again.

butter_will_fly: thks for the update> IRIS, feel like going in intraday. wht u think

butter_will_fly: sold off KNM @69.5c. Any fav picks of the day?

Hepi: I sold 100k KNM off at 69.5c.(cost 63.5c). Hope u make the right decision also. good luck.

butter_will_fly: D'sonic mid-air refueling before break sound barrier again. hehe