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http://www.thestar.com.my/business/business-news/2017/05/17/improved-bottom-line-seen-for-umwog/

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I am still keeping for long knowing for good oil may be bottom..
Jcorp/Kulim has a role here too...

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Yes, in reading today news, much JV talks are on-going with China counterparts
Hope Scomi will get the chance!
Hold/buy lower for longer term while awaiting for possible good news.

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http://www.presstv.ir/Detail/2017/05/07/520903/Iran-refreshes-consent-with-oil-at-55

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Saudi/Russia/now Iran shown consensus to further cut...
All the best, Dayang!!

http://www.presstv.ir/Detail/2017/05/07/520903/Iran-refreshes-consent-with-oil-at-55

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https://www.bloomberg.com/news/articles/2017-05-05/oil-is-a-buy-for-citigroup-as-goldman-says-market-getting-tight

http://www.reuters.com/article/us-global-oil-idUSKBN18000F

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https://www.bloomberg.com/news/articles/2017-05-05/oil-is-a-buy-for-citigroup-as-goldman-says-market-getting-tight

http://www.reuters.com/article/us-global-oil-idUSKBN18000F

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http://www.thestar.com.my/business/business-news/2017/05/04/umw-oil-and-gas-proposes-cash-call-to-raise-rm1pt8b/

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http://www.malaysiastock.biz/Company-Announcement.aspx?id=970781

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http://www.thestar.com.my/business/business-news/2017/05/04/ekuinas-says-umw-og-needed-far-larger-recapitalisation-that-envisaged/

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http://www.theedgemarkets.com/article/og-merger-may-be-tough-conclude

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Hope for a better 2017!

AR 2016
https://cdn1.i3investor.com/my/files/dfgs88n/2017/04/25/1505928006-2114044672.pdf,
Key highlights on page 2-3,

Revenue up by 10.28% to RM591.66M
EBITDA up by 27.77% to RM92.20
NEPS at RM1.74
PBT up by 36.18% to RM21.54

Cover Story: Top 12 Stock Picks for 2017
http://www.theedgemarkets.com/article/cover-story-top-12-stock-picks-2017

Proposed to buyback its own shares up to 10% (announced on 25th April 2017)
http://www.malaysiastock.biz/Company-Announcement.aspx?id=967426

......
“It is a huge market that we cannot ignore. We are talking to quite a number of parties on this potential project,” she added, hinting that there would be some positive news from Scomi by the third quarter of this year.....

/
http://www.nst.com.my/business/2017/04/234514/scomi-talks-foreign-partnerships

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see qtr result

http://www.thestar.com.my/business/business-news/2017/04/27/malaysia-marine-continues-to-be-in-the-red-in-q1/

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collect if low enough/keep longer

http://www.nst.com.my/business/2017/04/234301/scomi-engineering-deliver-first-monorail-brazil-project-q32017

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Yes, worth noting the movement of shares UMWOG/ICON..

“With the absence of the value erosion from Icon Offshore and Orkim should the proposed merger be aborted, we estimate that UMW-OG’s fair value could be raised by 15 sen to 80 sen a share. 

Read more at http://www.thestar.com.my/business/business-news/2017/04/25/aminvestment-research-retains-hold-for-umw-og/#ZbDBHbgOu6recWLI.99

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http://www.thestar.com.my/business/business-news/2017/04/19/scomi-forms-jv-to-pursue-hydropower-projects-in-asia/

http://www.theedgemarkets.com/article/dayang-enterprises-fixes-private-placement-shares-rm1016

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Lets see what next over this weekend...

http://www.kuna.net.kw/ArticleDetails.aspx?id=2597921&language=en

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http://www.theedgemarkets.com/my/article/aeon-credit-axiatatm-utusan-plb-scomi-systech-mitrajaya-mexter-gamuda-berjaya-land-hiap-teck

Scomi Group Bhd has taken up a 30% interest in renewable energy company Strong Elegance Sdn Bhd to provide itself an avenue to undertake new businesses related to the construction and development of solar photovoltaic plants.

Scomi said the remaining interest in Strong Elegance is held by Synergy Generated Sdn Bhd (40%), which owns and operates a five megawatt solar photovoltaic plant in Setiu, Terengganu, and Lembaga Tabung Angkatan Tentera (30%)

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http://www.thestar.com.my/business/business-news/2017/03/17/umw-o-and-g-discloses-value-of-latest-two-drilling-contracts/

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why TA Research set such a low TP? recommended to sell?

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any favorable news to scomies/scomien are good to scomi as well...

http://www.theedgemarkets.com/my/article/ppb-mudajaya-puc-founder-scomi-engineering-ihh-sumatec-hock-seng-lee-nexgram-and-tiger

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looks like party is holding back..
well, just hoping for some news from China (scomien) & Aramco (scomies)

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http://www.malaysiastock.biz/Company-Announcement.aspx?id=955139

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yes, to add on, UMW HOLDING in huge impairment of > RM2 BILLION !!!
never seen before...
same pattern, all bantai in 4th qtr!!
putting all consolidating parties in high figured RED impairment....
still wondering what game-theory these consolidation goes???

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impairment is a prudence accounting measures to safeguard company investment.
i guess it was due to "long-sleeping" naga rigs (expected and known to all investors)
once these naga rigs get utilized, these impairment will translate into profit...
SKPETRO was once in this mode, today, they show improvement (http://www.thestar.com.my/business/business-news/2016/03/25/sapurakencana-posts-losses-in-q4-and-fy16/)
lets see how investors response tomorrow...expecting some knee-jerk reaction

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can it be the company provided impairment only in 4th qtr of RM780M throughout the full year? meaning no impairment was actually provided in 1st/2nd/3rd qtr??

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WoW!! another huge impairment!!

"However, the fourth quarter of 2016 posted a higher loss before tax of RM918.1 million as compared to the RM133.0 million loss in the third quarter of 2016 due mainly to asset impairment of RM780.2 million"

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qtr result out, in red
expected but some improvment compared to last 2 qtrs
see how investors response to it next Monday

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yes, china news (scomien) n oil price uptrend (scomies) = scomi as holding company with uptrend momentum as well..
DJA good traction
will break 0.20 tomorrow.
good luck!

http://www.smh.com.au/business/markets/wall-street-jumps-to-record-on-phenomenal-tax-hopes-oil-gains-on-opec-cuts-20170210-guamde.html

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"Meanwhile, parent company Scomi Group Bhd was also actively traded with some 12.9 million shares changing hands as at 10.21am today. The counter was up 12.9% or 2 sen at 17.5 sen.
Scomi Group has a 72.33% stake in Scomi Engineering..."

http://www.theedgemarkets.com/my/article/scomi-engineering-29-chinese-interest

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http://klse.i3investor.com/blogs/golden_years/115191.jsp

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https://www.dtnpf.com/agriculture/web/ag/news/world-policy/article/2017/02/01/oil-holding-gains-midday

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http://www.thestar.com.my/business/business-news/2017/01/28/og-vessel-players-see-rebound-in-rig-demand/#i5fYtM31CekgRwHW.41

"The merger between UMW Oil and Gas Corp Bhd (UMW-OG), Icon Offshore Bhd and Orkim Sdn Bhd is an example. Based on their track record and past orderbooks, all three companies are seen as among the frontrunners in their respective segments for contracts given out by Petroliam Nasional Bhd. "

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http://www.cnbc.com/2017/01/22/reuters-america-update-2-ministers-laud-strong-start-to-opec-non-opec-oil-output-cuts.html

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http://www.cnbc.com/2017/01/22/reuters-america-update-2-ministers-laud-strong-start-to-opec-non-opec-oil-output-cuts.html

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Lets see how the oil cutback compliance progressing...
Guess we have other oil counters invested in as well....

http://www.marketwatch.com/story/top-saudi-oil-official-says-opec-cutback-compliance-very-good-2017-01-21

http://finance.yahoo.com/news/opec-russia-oil-cuts-deeper-162207903.html

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meathere, agreed!
every investors has own strategies, be it right or wrong.
fundamentally, umwog is there for good/with reasons be it ppl say consolidation, bailout etc
matter of timing/strategies to gain/loss in long/short term over the mkt forces.
someone will pop up the price, somehow, somewhere, sometime...
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” ― Warren Buffett
good luck!!

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http://www.thestar.com.my/business/business-news/2017/01/19/bumi-armada-secures-first-lng-project-in-malta/

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http://klse.i3investor.com/servlets/staticfile/296110.jsp

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http://www.theedgemarkets.com/my/article/icon-offshore-seals-merger-deal-umw-og-0

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http://www.thestar.com.my/business/business-news/2017/01/12/rsc-lease-of-life/

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http://www.thestar.com.my/business/business-news/2017/01/12/rsc-lease-of-life/

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most oil related stocks were heading north since last week.
scomi did moved up silently without much investors attention...
today is the best up-pick at the very last seconds at 0.130!!
surely with IJM as major share holder (hope you know how much they bought), nothing much to worry about to accumulate..
buy while it is still low!!
good luck.

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yes, more show tomorrow!!

http://www.thestar.com.my/business/business-news/2017/01/04/umw-oil-and-gas-gets-petronas-carigali-contract/

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http://www.thestar.com.my/business/business-news/2016/12/23/pnb-supports-umws-consolidation-plan/

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seemed like the trend heading south.
will find its next support level while awaiting for 4qtr result...