In financial analysis, you have to always focus on the latest business trend.. and not cherry pick only on positive info and ignore the tell tale signs..

So based on your business seasonality concept, they performed worse too

@gohku

Also for your info, even if we take into account the business seasonality that you are talking about.

So let’s compare 2018/9 Qtr with 2018/12 Qtr..
During those preceding past quarters in 2018, their revenue increased by 8.5% qoq...

But for the same quarters in 2019 the revenue deteriorated 7.52%... so still adverse

@gohku
For your info, it is even clearly highlighted in its quarterly financial report.

@gohku
this is the right way to see the latest trend of its business of the latest quarter to quarter.

@Gemstar Just in case you missed out these Scomnet Deteriorating figures as below (from Bursa):

For the fourth quarter under review, the Group Revenue decreased by 7.52 % to RM 32.39 million as compared to immediate preceding quarter

Comparison of "Qtr 31.12.19" with Its "Immediate Preceding Quarter".

Revenue "DOWN" 7.52% to RM32.39m

Operating Profit "DOWN" 27.63% to RM4.9m

Profit After Tax "DOWN" 12.06% to RM4.56m

Good point @lancefire.
It's just not worth to reply to hardcore promoter's comments which just copy someone else reply and blindly promote stock hoping some late investors can push up for them.

@Gemstar.
Unless you consider yourself hardcore promoter and taking the actions of a hardcore promoter, which is why you are responding to the posting.

I am posting for general public and i can post anywhere. Who ask you to read ? I cannot force you to read or buy/sell stock.

I am just posting FACTS here and smart investors will know what to do. Unlike some promoters just posting all unsubstantiated info.

https://www.theedgemarkets.com/article/serba-dinamik-bags-rm771b-contract-abu-dhabi-project

btw @gemstar thanks for telling everyone that u r hardcore promoter who ignores facts...
Also this site is a free place for anyone to comment and not a communist place like what you want it to be...

＠gohku noted your method, but it can't be broadly categorized as such for valuation comparison especially gloves vs. cables/ wires

It's quite amazing that people compares gloves manufacturer valuation with a totally different product business i.e. scomnet that is involved with PVC Compound and cables/wires for electronic devices and data control switches...

@luckycharm if you bought at 0.465, why do you still need to hard sell as of this price? :)

Hardcore salesperson often makes it sound convincing... with info that cannot be substantiated...

Even more careful when you see a hardcore salesperson pitching over and over ... beware... possible trying to get late entrance investors to push up for them

Unfavourable announcements expected to be coming out from US and China this Weds and Fri... Becareful...

Overheated... Becareful

Rakuten is not investment bank but a brokerage house. Their call is to ask u to trade more so that they can make more money...

Musical chair...

Price already rebounded back to the range before significant down.. becareful....

@luckycharm what is the date of the report you posted?

Secondly, per the report, the target price is just RM0.61 Vs. overshot price of RM0.7 now...

@joker2020 define fake dumping and what is real dumping? :)

I can see big dumping ....

Buying & selling queues changes every second and it not something that can be predicted..

More volatility to come...

Wall St urges caution as bullish investors rush into recovery bets

Wall Street banks are warning investors to brace for a new wave of declines in global markets after stocks rushed back towards a bull market from the ugly falls driven by coronavirus in March.

But many strategists warn that while central banks and governments have taken the sting out of market disruption with their interventions, more problems may lie ahead.

“My concern is this relief rally might not be sustainable,” said Mislav Matejka, global equity strategist at JPMorgan.

Goldman Sachs and Citigroup have also urged caution, particularly as the companies absorb the scale of the shock from the pandemic. “Equity markets may need to fall 50 per cent before they have priced in this year’s likely earnings drop,” Robert Buckland, head of equity strategy at Citi said.

https://www.ft.com/content/0e9656b7-3693-46d7-b46f-d065e1550e6d

Investment is not based on hope bro...
I do not hope for crisis either...but if the situation is driving towards such, its not anyone's desire...

Often people with no opinion and unaware of the current situation will make "on the fence" statement

Yu_and_Mee Seems like you are quoting your own strategy... So we have to take your advice with a pinch of salt then... also What is your stance of current situation?

today down is nothing..more to come.... there will be lots of volatility in market..

Jamie Dimon warns: We’re getting a ‘bad recession’ plus ‘financial stress’ like the 2008 crisis

JPMorgan Chase chief Jamie Dimon said Monday he expects the coronavirus crisis to include a “bad recession” and elements of financial strain similar to the 2008 downturn.

https://www.cnbc.com/2020/04/06/jamie-dimon-details-jpmorgans-strength-in-annual-letter-says-us-can-emerge-from-crisis-stronger.html

Jamie Dimon warns: We’re getting a ‘bad recession’ plus ‘financial stress’ like the 2008 crisis

JPMorgan Chase chief Jamie Dimon said Monday he expects the coronavirus crisis to include a “bad recession” and elements of financial strain similar to the 2008 downturn.

https://www.cnbc.com/2020/04/06/jamie-dimon-details-jpmorgans-strength-in-annual-letter-says-us-can-emerge-from-crisis-stronger.html

Asian stock markets still in bear country, Goldman says

ASIA stocks are not out of the woods yet, despite the recent bear-market rally, according to Goldman Sachs Group Inc.

Goldman economists now forecast the U.S. economy to contract 6.2% this year, ushering in a deeper global recession. The effect on Asia is yet another cut to the firm’s 2020 earnings-per-share estimate for the Asia Pacific ex-Japan benchmark, to a 22% drop from a 14% decline previously, with profits not seen recovering to their previous highs until 2022.

https://www.thestar.com.my/business/business-news/2020/04/06/asian-stock-markets-still-in-bear-country-goldman-says

Asian stock markets still in bear country, Goldman says

ASIA stocks are not out of the woods yet, despite the recent bear-market rally, according to Goldman Sachs Group Inc.

Goldman economists now forecast the U.S. economy to contract 6.2% this year, ushering in a deeper global recession. The effect on Asia is yet another cut to the firm’s 2020 earnings-per-share estimate for the Asia Pacific ex-Japan benchmark, to a 22% drop from a 14% decline previously, with profits not seen recovering to their previous highs until 2022.

https://www.thestar.com.my/business/business-news/2020/04/06/asian-stock-markets-still-in-bear-country-goldman-says

Pentamaster Corp Bhd chairman C B Chuah said the shortage of raw materials was impeding the group’s production of semiconductor test equipment, which would ultimately affect the shipment of customer orders. Although we are allowed to operate during this movement control order period, the shortage of raw materials has made it impossible for us to fulfil our customers’ orders on schedule. If we can’t ship out sufficient semiconductor test equipment, the electronic component manufacturers won’t be able to test their chips and sensors used in smartphones.

“We won’t be surprised to see the drop exceeding the 2.3% forecast from IDC. In terms of sales for 2020, we expect to see a 20% to 30% contraction, in light of the worsening situation in Europe, which will lower consumer appetite for new smartphones,” Chuah said.

Today TheStar

Hold your bulllet and buy during down time

when recession comes, all stocks will be affected

Oversold... disruption in supply chain is temporary ..5g still coming.. stay put...

Covid is a wild card which no one expected. Hence its just a short term impact only.... potential solid business will be able to overcome this temporary blip and thrive thereafter...

When there is external noise, its always an opportunity to buy into solid potential stocks...

Roots of evil started from previous government... which has caused our country to be in current status.

Buy buy buy

Buy buy buy

Up trend...

KUALA LUMPUR: Genting Hong Kong's Dream Cruises has suspended Genting Dream's operations from Singapore from Sunday, Feb 23 until March 27 due to concerns caused by the outbreak of the Covid-19 coronavirus.

Dream Cruises president Michael Geh said on Thursday the company had made the difficult decision to suspend its operations from Singapore to help curtail the spread of Covid-19 and as a result of the tightening travel restrictions that have been enacted by various countries.

“Guests who are booked on any of the cancelled itineraries will be contacted and provided with a variety of compensation options including to defer their cruise to a future sailing or, if needed, to cancel their cruise for a full refund, ” he said in a statement.

https://www.thestar.com.my/business/business-news/2020/02/20/genting-dream039s-operations-from-singapore-suspended-from-sunday

Overbought...

Chao first... virus impact still on-going...

what happen?

Apple Won’t Meet Quarterly Revenue Target Due to Coronavirus

Apple Inc. doesn’t expect to meet its revenue guidance for the March quarter because of work slowdowns and lower smartphone demand, showing that the virus outbreak in China is taking a bigger-than-predicted toll on one of the world’s most valuable companies.

https://www.bloomberg.com/news/articles/2020-02-17/apple-doesn-t-expect-to-meet-revenue-guidance-for-march-quarter