Posted by tracker113 > 2019-11-27 17:58 | Report Abuse

Result out. Rev record highest... but profit decrease

Posted by BobLimm > 2019-11-27 18:24 | Report Abuse

For the period under review , Group revenue has been increased by 48.28% (or RM29.49 million) from RM 61.08 million to RM 90.57 million whereby Supercomal Medical Product(SMP) contribute 20.61 million of the sales increment. The profit after tax increased by 40.44 % ( or RM 4.11 million) from RM 10.15 million to RM 14.26 million after the amortisation of RM 3 million intangible assets. The improvement in profit mainly due to contribution from SMP which accounted 80% of profit for the period .

Medical business is contributing 2/3 of the revenue growth.

Posted by BobLimm > 2019-11-27 18:26 | Report Abuse

If not for RM3mil amortization, profit would have been RM17mil

Posted by dasm1284 > 2019-11-27 20:48 | Report Abuse

@BobLimm no worries. SMP should drive the revenue going forward

Posted by Investar2862 > 2019-11-28 08:57 | Report Abuse

Stock price should be better from now...

Posted by tracker113 > 2019-11-29 10:40 | Report Abuse

this stock gg liao

Posted by Excommunicado > 2019-12-02 23:10 | Report Abuse

Being the person who is directly involved in Sapien 3 valve by Edwards Lifesciences , it's the only valve in the world that has direct competition with the valve by medtronic. The Asian penetration of this valve is still at the beginning stage, but soon we will see an increase in the usage of sapien 3. The only downside is the vale costs about 100k. However, it's been widely used in European countries. What I can see is the revenue for it will continue to grow in near future because of the new research paper on the usage of the valve named Partner III trial. Hence, it's quite a safe assumption that the revenue will keep growing from the medical side.

Posted by tracker113 > 2019-12-04 16:25 | Report Abuse

gone... no buyer at all

Posted by ZStrader > 2019-12-04 21:21 | Report Abuse

just wait when it turn... hohooo

Posted by dasm1284 > 2019-12-05 08:45 | Report Abuse

Ho Ho Ho

Posted by LiimInvest > 2019-12-08 18:32 | Report Abuse

Impossible

Posted by dasm1284 > 2019-12-09 08:46 | Report Abuse

I agree with @LiimInvest. this stock is a growth story

Posted by tracker113 > 2019-12-13 10:32 | Report Abuse

good stock also down

Posted by Huat1 > 2019-12-15 19:27 | Report Abuse

Immediate support at 0.72.
Already Oversold !!!
Time to rebound

Posted by runroadtokl > 2019-12-17 17:00 | Report Abuse

TA show is time to rebound

Posted by LiimInvest > 2019-12-17 18:43 | Report Abuse

Yu_and_Mee@ hahaha impossible. TP over RM 1.00

Posted by Investar2862 > 2019-12-18 11:06 | Report Abuse

Congratulation!

You got your charting right...


Posted by Huat1 > Dec 15, 2019 7:27 PM | Report Abuse

Immediate support at 0.72.
Already Oversold !!!
Time to rebound

Posted by dasm1284 > 2019-12-18 11:07 | Report Abuse

impossible. this is a potentially RM1 stock.

Posted by dasm1284 > 2019-12-18 11:30 | Report Abuse

huat1 master of charts , hehe

Posted by t_nike2002 > 2019-12-26 16:38 | Report Abuse

PE 29x wake up....

Posted by BobLimm > 2020-01-04 16:16 | Report Abuse

Coming up

https://www.thestar.com.my/business/business-news/2020/01/04/top-20-stock-picks-for-2020

Posted by matrix6050 > 2020-01-07 10:32 | Report Abuse

:)

Posted by LiimInvest > 2020-01-28 22:54 | Report Abuse

Medical devices products

Posted by LiimInvest > 2020-01-29 21:18 | Report Abuse

Technical Buy - SCOMNET-WA (0001WA) - PublicInvest Research | I3investor
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PublicInvest Research click to expand contents
Technical Buy - SCOMNET-WA (0001WA)
Author: PublicInvest Publish date: Wed, 29 Jan 2020, 6:11 PM
Close


Target Price: RM0.535, RM0.590
Last closing price: RM0.490
Potential return: 9.1%, 20.4%
Support: RM0.440
Stop Loss: RM0.425
Possible for further upside. SCOMNET-WA rebounded off its key support level. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.515 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.535 and RM0.590. Note that the maturity date of SCOMNET-WA is on 19 June 2024.

However, failure to hold on to support level of RM0.440 may indicate weakness in the share price and hence, a cut-loss signal

Source: PublicInvest Research - 29 Jan 2020

Posted by BobLimm > 2020-01-31 06:28 | Report Abuse

Key customers earning reporting, sales grew 20%

https://www.prnewswire.com/news-releases/edwards-lifesciences-reports-fourth-quarter-results-300996432.html

Posted by LiimInvest > 2020-02-03 16:59 | Report Abuse

Good news

Posted by BobLimm > 2020-02-04 11:43 | Report Abuse

80% of raw material cost of cable wire is copper. Copper price has been tumbling down for the past months from USD6300 to 5500/ton and it is still coming down. For sure this lower raw material cost will boost their margin.

Posted by vcheekeong > 2020-02-21 19:06 | Report Abuse

disappointed

Posted by LiimInvest > 2020-02-21 21:57 | Report Abuse

Heard coming QR is good

Posted by stressedesserts > 2020-02-22 23:29 | Report Abuse

Signficant Revenue Growth Factors:
1. Major Clients: Edward Lifesciences + Ambu both had huge sales growth
Edward Lifesciences:
• Q4 TAVR1 sales grew 29%; underlying sales grew 30%
• SAPIEN 3 transcatheter heart valve received expansion in Europe
2. Edward Lifesciences received FDA approval for 2 transcatheter heart valve systems
2. Medical sector growth
3. Malaysia Budget 2020: RM227M for upgrading medical equipment
4. Edwards Lifesciences Ltd set up its second regional business hub in KL
5. Copper price stayed low in Q4 2019

Posted by dasm1284 > 2020-02-23 14:29 | Report Abuse

thanks @Stressedesserts for the catalysts above. be patient to loyal shareholders : )

Posted by LiimInvest > 2020-02-23 18:10 | Report Abuse

Global Demand for Medical devices is increasingly

Posted by dasm1284 > 2020-02-25 16:16 | Report Abuse

QR incoming!

Posted by tracker113 > 2020-02-27 17:30 | Report Abuse

result out

Posted by LiimInvest > 2020-02-27 17:41 | Report Abuse

Good result too

Posted by LiimInvest > 2020-02-27 19:12 | Report Abuse

https://www.klsescreener.com/v2/financial-reports/view/694836

Posted by jasonchong113 > 2020-02-27 20:40 | Report Abuse

but no vol share.. keep drop

Posted by dasm1284 > 2020-02-28 08:09 | Report Abuse

that's because it is overlooked by market

Posted by LiimInvest > 2020-02-28 11:06 | Report Abuse

Scomnet net profit up 126% in 4Q19 - https://www.thestar.com.my/business/business-news/2020/02/28/scomnet-net-profit-up-126-in-4q19 (Share from StockHunter)

Posted by tracker113 > 2020-03-16 12:14 | Report Abuse

this share is gone... no support

Posted by BobLimm > 2020-03-19 09:32 | Report Abuse

Seems like Scomnet is granted for essential medical production.

Posted by tracker113 > 2020-03-19 17:41 | Report Abuse

where can see?

Posted by bird_81 > 2020-03-20 01:41 | Report Abuse

back to 10 cent soon

Posted by mf > 2020-03-23 07:39 | Report Abuse

Investing.com - U.S. stock futures plunged on Sunday, pointing to more mayhem when markets open on Monday.

-Dow futures plunge 900 points, or 5%
-S&P 500 futures tumble 5%
-Nasdaq futures sink 5%
-VIX jumps 11%

Posted by LiimInvest > 2020-03-24 20:01 | Report Abuse

Medical devices sector deemed important growth for Covid19

Posted by tracker113 > 2020-03-26 00:15 | Report Abuse

big shareholder done margin force sell

Posted by luckycharm > 2020-03-27 10:43 | Report Abuse

Wayang gonna start...

Posted by luckycharm > 2020-03-27 10:44 | Report Abuse

Only this dragon still sleeping come on , hoot untill 0.700...

Posted by LiimInvest > 2020-03-29 00:26 | Report Abuse

https://www.klsescreener.com/v2/news/view/657655

Posted by LiimInvest > 2020-03-29 16:40 | Report Abuse

Healthcare and infrastructure to benefit
TheStar Sat, Mar 28, 2020 09:10am - 1 day ago
While all eyes have been on the glove manufacturers, little attention has been given to the makers of health equipment and products, which in all honesty, have seen a similar rise in their demand.

“For example, companies like Nova Wellness Group Bhd and APEX HEALTHCARE BHD which sells supplements like Vitamin C, sanitizers and face masks, the demand for these products have also been through the roof, ” says one analyst.

Meanwhile equipment providers such as UWC Holdings Bhd and Supercomnet Technologies Bhd supplies devices and components for Covid-19 testing.

Earlier this week, hospital furniture manufacturer and provider LKL International Bhd saw its share price double in one week, as investors anticipated further contract wins for the company.

On March 25, LKL was awarded a contract for the supply of personal protective equipment to public hospitals in Sarawak for RM6.57mil.

Besides LKL, the other supplier of hospital equiment is BCM Alliance Bhd.

Listed hospital operators include IHH HEALTHCARE BHD and KPJ Healthcare Bhd.