Posted by vin777 > 2020-08-11 17:54 | Report Abuse

hoot ah

Posted by DannyArcher > 2020-08-11 19:17 | Report Abuse

@ConfortZone Actually, they only started selling the medical thing this july, this means it will only be reflected in the 3rd quarter, not this 2nd quarter.

Posted by ranacinggey > 2020-08-11 19:24 | Report Abuse

https://disclosure.bursamalaysia.com/FileAccess/viewHtml?e=3075867

Additional Listing Announcement /Subdivision of Shares
SUPERCOMNET TECHNOLOGIES BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Exercise of Warrants
Details of corporate proposal Exercise of the 200,000 Warrants 2019/2024 to subscribe for 200,000 new Ordinary Shares
No. of shares issued under this corporate proposal 200,000
Issue price per share ($$) Malaysian Ringgit (MYR) 0.6500
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units 643,200,000
Issued Share Capital ($$) Malaysian Ringgit (MYR) 107,140,000.000
Listing Date 11 Aug 2020

Posted by bigearl > 2020-08-11 23:18 | Report Abuse

What does this mean?

Posted by monique1968 > 2020-08-12 09:36 | Report Abuse

Opportunity to buy

Posted by angmodan > 2020-08-12 10:14 | Report Abuse

good price to collect more

Posted by bigearl > 2020-08-12 10:25 | Report Abuse

Initiation
Supercomnet Technologies Bhd (SCT MK/BUY/RM1.52/Target: RM1.98)
A Shooting Comet

• Initiate coverage with BUY call and target price of RM1.98 based on 30x 2021F PE. Scomnet is the direct beneficiary riding on the explosive demand for critical medical devices, being the sole supplier of FDA-certified components to western medical-tech giants such as Edward Lifesciences, Ambu Medical and Mermaid Medical Group.

• Stellar earnings track record. Since the acquisition of the remaining 80% stake of its medical subsidiary SMP in early-18, Scomnet recorded the ninth consecutive quarter of yoy earnings growth, and is poised to ride on the impending acceleration of healthcare equipment demand in the US and Europe. To note, Scomnet recorded an impressive 5-year net profit CAGR growth of 45% in 2015-19.

• Three-pronged strategy to fuel growth. Scomnet is poised for a new leg of growth which will anchor a 3-year revenue/net profit CAGR of 18/30%. This will be supported by: a) key customer’s aggressive growth, b) increase in the orderbook in tandem with the growth of global healthcare consumption, and c) efficiency improvement and capacity expansion.

• Capacity expansion to accelerate earnings. Scomnet’s utilisation rate for its medical segment has increased close to 90%(from 70%) to capture the overwhelming COVID-19 orderbooks, and has allocated RM7m-10m capex for capacity expansion, with second floor capacity to be lifted by 10-12.5% in the coming two months, followed by the new building which could potentially elevate capacity by 80% upon completion in 1-1.5 years.

• Forecasting a 3-year net profit CAGR of 30%. We estimate Scomnet to register core net profit of RM29.5m/RM42.5m in 2020/21 which implies earnings growth of 52%/44% respectively. This is on the back of a 3-year revenue CAGR of 18% whereby growth will be mainly driven by higher orders and contribution from SMP’s medical cables fulfilling huge COVID-19-induced demand.

Kindly see link below for full report:
https://research.uobkayhian.com/content_download.jsp?id=58090&h=84d0a7cfc8d5248244541e08574cc802

Posted by Toplove888 > 2020-08-12 13:24 | Report Abuse

Auckland prepares for lockdown as mystery Covid-19 cases emerge Many country and city will lockdown again... vaccine just keep calm ppl heart only...

Posted by Toplove888 > 2020-08-12 13:25 | Report Abuse

Mother and wa tempting top up ady...

Posted by wickedlion > 2020-08-12 15:07 | Report Abuse

Collect now. Covid is just a bonus for scomnet. With or without Scomnet is still profitable. Healthcare is all year theme.

Posted by dollardollarbill > 2020-08-12 16:02 | Report Abuse

Now that UOB start covering, Scomnet will trend higher. UOB will promote to fund managers

Posted by SelfMadeMillionaire > 2020-08-13 01:14 | Report Abuse

this coming QR excludes the medical thing, they only got approval from FDA in July.

Posted by BullWC16 > 2020-08-13 10:40 | Report Abuse

Dont understand why this counter move along with gloves counters. The business not really rely on covid pls.

Posted by SelfMadeMillionaire > 2020-08-13 10:49 | Report Abuse

maybe for next quarter, not this quarter. they only started selling the medical thing in july. dont expect a fantastic QR. i told you so

Posted by SelfMadeMillionaire > 2020-08-13 10:49 | Report Abuse

it is a good company... just not this qr

Posted by arlaxeat > 2020-08-16 20:43 | Report Abuse

Explaining the matter, he said, the D614G mutation was discovered by scientists in July and it is likely to mean the study on existing vaccines to be incomplete or ineffective against the mutation.

https://www.theedgemarkets.com/article/health-dg-covid19-virus-d614g-mutation-detected-malaysia

Posted by monique1968 > 2020-08-17 15:11 | Report Abuse

Chart Sui Sui, i'm collecting

Posted by tkk228 > 2020-08-17 17:45 | Report Abuse

Other big announcement release soon, heard that joint venture with nihsin on government project

Posted by CHLEONG888 > 2020-08-17 19:41 | Report Abuse

tomorrow continue with good momentum

Posted by Toplove888 > 2020-08-17 20:57 | Report Abuse

Tomorrow opening maybe rm1.8 ...will test at rm1.9 again

Posted by angmodan > 2020-08-17 23:34 | Report Abuse

tkk228, nishin doing cookware one wo....

Posted by monique1968 > 2020-08-18 09:41 | Report Abuse

TP 1.98

Posted by bigearl > 2020-08-18 11:44 | Report Abuse

Lets go lorr wei. QR coming out soon right?

Posted by goldeneye > 2020-08-18 11:51 | Report Abuse

Rakuten TP RM2.18

Posted by tkk228 > 2020-08-18 13:03 | Report Abuse

angmodan .. yes. but they go develop to industry linked this company. so when big company joint venture with small firm. price of small firm will goes up like rocket. see today nihsin rocket already

Posted by monique1968 > 2020-08-18 14:51 | Report Abuse

Come On SCOMNET Go Go Go

Posted by CHLEONG888 > 2020-08-19 08:20 | Report Abuse

if today can break RM1.80, do not see any problem to break further, RM1.95

Posted by monique1968 > 2020-08-19 09:06 | Report Abuse

RM1.95 coming soon

Posted by monique1968 > 2020-08-19 10:21 | Report Abuse

GO GO GO

Posted by Toplove888 > 2020-08-19 14:18 | Report Abuse

Rm1.9 buyer getting stronger today break rm1.9... anytime tp2.5

Posted by Toplove888 > 2020-08-19 14:24 | Report Abuse

Long time nv limit up ;)

Posted by wesley_gold > 2020-08-19 14:25 | Report Abuse

Lets see ;)

Posted by monique1968 > 2020-08-19 14:59 | Report Abuse

Limit Up next week

Posted by LiimInvest > 2020-08-19 21:36 | Report Abuse

definitely an exciting for us because the medical device industry will continue to exhibit good growth. Tp should hit over RM2 -2.50 by this month

Posted by CHLEONG888 > 2020-08-20 16:14 | Report Abuse

TP by RHB-OSK = RM2.18, hope this will be reached by next week

Posted by lks1118 > 2020-08-21 18:20 | Report Abuse

Hopefully it can break 2 next week and stay there. Must cross this resistance! Result coming soon? cant wait to see weh. up up up!

Chinese Video on Scomnet for better understanding.
https://www.youtube.com/watch?v=eIgQAOLapj8&t

Posted by LiimInvest > 2020-08-21 21:08 | Report Abuse

lksq1118 should be no problem over RM 2-3

Posted by ml2020 > 2020-08-23 14:43 | Report Abuse

too many good reasons to buy and hold Scomnet:

- a cash rich company with zero borrowings
- strong and reliable management
- forward moving core business that constantly develops solutions for market requirements
- constant upward moving revenue + profit margin
- strong ties with international markets

really looking forward to their next qtr report. RM2 will be history very soon imo.

Posted by CHLEONG888 > 2020-08-24 09:26 | Report Abuse

looking forward 1.90 today

Posted by monique1968 > 2020-08-24 11:40 | Report Abuse

https://youtu.be/eIgQAOLapj8

Posted by bigearl > 2020-08-25 11:19 | Report Abuse

What happen to the market?

Posted by handsome_newbie > 2020-08-25 14:35 | Report Abuse

All the sinka saying to reach RM2-3 this week all can bang the wall already.

Posted by liverfool > 2020-08-25 15:55 | Report Abuse

what happen to this counter? going down whenever going to reach 1.90.

Posted by DannyArcher > 2020-08-25 19:52 | Report Abuse

covid theme change liao, glove and medical devices out, not is vaccine.

Posted by DannyArcher > 2020-08-25 19:52 | Report Abuse

now is vaccine.

Posted by ytleong5109 > 2020-08-25 23:05 | Report Abuse

Their medical devices is not related to Covid

Posted by DannyArcher > 2020-08-26 01:44 | Report Abuse

@ytleong5109

The previous one, no. But they got FDA approval in July to make those tube for induced coma for covid patients. Do you know what you are investing in?

Posted by monique1968 > 2020-08-26 12:08 | Report Abuse

Be patience

Posted by ZacChuinn91 > 2020-08-26 12:49 | Report Abuse

Wow. Nice surge after the bad opening.

Posted by Toplove888 > 2020-08-26 14:08 | Report Abuse

Nice .... patience will reward