The coming q1 result should be very good with good demand from its products. Scomnet will show good growth of revenue and profitability.
This company valuation is undemanding, there is a 1.5 sen dividend, thus giving it a dividend yiels of 2% p,a which is about same rate with bank time deposits but this company give you good potential growth upside.
Dont talk bad other counters la gemfinderif you dont have. It may affect all sectors like scomnet if paricular counter drop lot. Every one come to klse to earn not talk bad about others shares
Market is very sensitive. We dont know what will happen to our shares if got one counter down too much. May be will spread like diseases. I just hope every one earn money
If we refer to theedge, in 2020 65% rev from medical & 35% from automotive. But if u look back BEFORE MAR 2018's Q results (that time scomnet own only 20% of medical com) rev & profit are so low. Main profit are from medical. Automotive look like only breakeven but this will pull down overall profit margin to make it not too high. if not scomnet's customers will ask for cost down.
Scomnet recorded a 55% year-on-year jump in net profit to RM18.82 million for the financial year ended Dec 31, 2019 (FY2019), mostly driven by SMP, which is deemed the jewel in the group’s crown. Revenue grew 39% y-o-y to RM122.97 million. It will report its March quarter results for financial year 2020 in June.
CT, you're right about this gemfinder, he display a very bad behaviour in glove forum everyday after he sold out earlier and missed the uptrend, similarly in other forums as well earlier, this is bad karma and should stop.
WHILE the Covid-19 pandemic is forcing many companies to adapt their revenue models to new conditions, with some diversifying their businesses to include producing outbreak-related products or distributing Covid-19 test kits, it has put Supercomnet Technologies Bhd’s (Scomnet) business in a good position.
The group is involved in the medical industry — which has been left largely unscathed by the pandemic — making wires and cables for medical devices, electrical appliances, consumer electronics and automotive components.
Thus, while several of its segments such as electrical appliances, consumer electronics and automotive components are experiencing lower sales volumes due to the temporary halt in the economy, this has been more than offset by high volume growth in the medical device segment.
Scomnet managing director James Shiue Jong-Zone says it has been business as usual for the ACE Market-listed group, which was allowed to operate during the Movement Control Order.
“Demand for medical cables has always been strong, but recent orders from our clients indicate that demand is picking up even further,” the 73-year-old Taiwanese tells The Edge in an email interview.
He attributes this to the pandemic, as well as other lifestyle diseases. “Lifestyle diseases are on the rise, especially in the West, and there is no seasonality in our products. Health is a constant need and priority.”
Its wholly-owned subsidiary Supercomal Medical Products Sdn Bhd (SMP), which manufactures cables used to connect various medical devices, has seen order volume double since the outbreak began.
“The main products that we are currently developing include disposable medical consumables for Class 1, Class 2 and ICU (intensive care unit) usage,” says Shiue.
I agree with you, LiimInvest. Being in the high tech category n in high demand. Gloves are in the range of 60 to 90 P. E. n assuming a P. E. of 40 for Scomnet for the year 2020 n profit of 25m (according to Rakuten analyst) Scomnet is worth EPS of 3.9 multiply 40 =1560.
Scomnet is a good company for the next 5-10 years obviously and i wouldn't sell unnecessarily. I expect it to break 1.00 and further at 1.20 in the medium term. For Scomnet price to move to the higher level, a rerating is needed and going into Main Board would do the trick.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jeffreyteck
4,247 posts
Posted by Jeffreyteck > 2020-05-22 19:50 | Report Abuse
Will it be another supermax?