SUPERCOMNET TECHNOLOGIES BHD

KLSE (MYR): SCOMNET (0001)

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Last Price

1.53

Today's Change

-0.02 (1.29%)

Day's Change

1.53 - 1.56

Trading Volume

2,127,100


7 people like this.

4,401 comment(s). Last comment by fruitcake 1 day ago

ming

2,055 posts

Posted by ming > 2020-09-21 01:34 | Report Abuse

Soon

Posted by ThePowerOfGlove > 2020-09-21 04:53 | Report Abuse

Up 1.02%

Posted by ThePowerOfGlove > 2020-09-21 04:54 | Report Abuse

Okay also la

Posted by ThePowerOfGlove > 2020-09-21 04:54 | Report Abuse

Boleh juga la

Posted by ThePowerOfGlove > 2020-09-21 04:54 | Report Abuse

Very good

Posted by ThePowerOfGlove > 2020-09-21 04:54 | Report Abuse

Excellent

Posted by ThePowerOfGlove > 2020-09-21 04:55 | Report Abuse

Well done

Posted by ThePowerOfGlove > 2020-09-21 04:55 | Report Abuse

Congratulations

Posted by ThePowerOfGlove > 2020-09-21 04:55 | Report Abuse

Keep up the good work

LiimInvest

2,267 posts

Posted by LiimInvest > 2020-09-21 23:43 | Report Abuse

Up up up up

Toplove888

245 posts

Posted by Toplove888 > 2020-09-22 21:24 | Report Abuse

Rm3 will comin stay tuned

50Cents

219 posts

Posted by 50Cents > 2020-09-22 22:46 | Report Abuse

Yes this stock has good long term prospect

Dakewlest

1,747 posts

Posted by Dakewlest > 2020-09-23 09:53 | Report Abuse

Please fly soon.

lancefire

443 posts

Posted by lancefire > 2020-09-24 23:30 | Report Abuse

Next stop RM2.30.

Posted by monique1968 > 2020-09-25 16:16 | Report Abuse

Go Go Go

50Cents

219 posts

Posted by 50Cents > 2020-09-25 16:47 | Report Abuse

This stock requires patience but it will shoot up once FDA approves the medical devices.

Makeabuck

691 posts

Posted by Makeabuck > 2020-09-26 00:32 | Report Abuse

Been invested in this stock since it was 70c...this stock will stagnant and without u knowing it will suddenly shoot up...just stay invested and be patient...not a goreng counter as major holders control by the family...great gains for those who are patient...

50Cents

219 posts

Posted by 50Cents > 2020-09-27 15:41 | Report Abuse

Yes it is definitely not a goreng stock due to that fact

50Cents

219 posts

Posted by 50Cents > 2020-09-28 09:45 | Report Abuse

Nice...

50Cents

219 posts

Posted by 50Cents > 2020-09-29 16:19 | Report Abuse

up up up

bigearl

150 posts

Posted by bigearl > 2020-09-29 17:18 | Report Abuse

Lai Liao

Toplove888

245 posts

Posted by Toplove888 > 2020-09-29 18:31 | Report Abuse

Good .... waitin 2.2

mf

27,865 posts

Posted by mf > 2020-09-30 08:54 | Report Abuse

Asia-Pacific stocks dip as investors await China’s manufacturing activity data, U.S. presidential debate

mf

27,865 posts

Posted by mf > 2020-09-30 12:09 | Report Abuse

US 3027,238.0DERIVED00:08:54 | Futures-170.0

50Cents

219 posts

Posted by 50Cents > 2020-09-30 13:24 | Report Abuse

Wait for profit taking to be over then only will it continue up

bigearl

150 posts

Posted by bigearl > 2020-10-02 15:20 | Report Abuse

Strong this company. Is definitely a company to invest not to trade.

pampers

351 posts

Posted by pampers > 2020-10-02 23:46 | Report Abuse

People do not realize the potential of this baby, especially during this time...so glad it's not a hot stock... RM 3 will not be far from now

50Cents

219 posts

Posted by 50Cents > 2020-10-06 22:24 | Report Abuse

Still waiting for this stock to fly

mf

27,865 posts

Posted by mf > 2020-10-07 07:36 |

Post removed.Why?

Posted by monique1968 > 2020-10-07 10:30 | Report Abuse

Go Go Go SCOMNET

bigearl

150 posts

Posted by bigearl > 2020-10-07 16:02 | Report Abuse

Buy volume is high

50Cents

219 posts

Posted by 50Cents > 2020-10-07 23:39 | Report Abuse

Gave up on this stock. Switched to Prlexus today instead.

Posted by monique1968 > 2020-10-09 10:58 | Report Abuse

Be patience

Posted by Flymetothemoon > 2020-10-10 02:24 | Report Abuse

Is it still possible to enter at this price?

Newbie318

331 posts

Posted by Newbie318 > 2020-10-11 17:37 | Report Abuse

Author: rakutentrade | Publish date: Mon, 7 Sep 2020, 2:44 PM

We continue to favour Supercomnet Technologies Bhd (“Scomnet”) for its resilient earnings outlook and as a proxy to the recession proof healthcare industry. We are raising our earnings estimates by 19.5% for FY21 on the back of rising orders from major clients. BUY with revised target price of RM2.68 premised on a 3-year average mean 34x PER which is at a discount to Bursa Malaysia Healthcare Index of 43x further supported by a 68% growth in EPS for FY21.

Scomnet’s recent 2Q20 results were pretty much in-line with our expectations where it reported net profit of RM5.95m (+45% from previous quarter and +12% from last year) with cumulative RM10m for 1H20.Net margins improved to 24.6% in 2Q20 and cumulative 1H20 to 19% from around 16.0% in FY19. We believe it is on track to surpass our RM30m forecast in FY20 with the medical cable segment being the key driver with resilient outlook and impressive pipeline of products to sustain its earnings going forward. Furthermore, their automotive segment is seeing a recovery post MCO and has landed a new major client in French PSA Group.

Scomnet is embarking on a multi-year expansion with initial capex of RM7-10m and eventually is expected to double production capacity catering for their supercharged growth in the medical products supplying their FDA and EMA approved medical cables to their long serving major key clients namely US based Edward Lifesciences and Denmark based Ambu and Mermaid Medical. These companies are major global cardiovascular medical devices companies anchoring Scomnet growth trajectory as cardiovascular diseases are the number no. 1 cause of death globally according to WHO.

Balance sheet remains healthy with cash pile growing to RM56.6m and zero borrowings. We expect Scomnet to deliver its strongest ever performance on record with supercharged growth in EPS of +59% in FY20 and +68.3% in FY21.

Source: Rakuten Research - 7 Sept 2020

Newbie318

331 posts

Posted by Newbie318 > 2020-10-14 12:50 | Report Abuse

Bravo!!! Scomnet coming qtr result will be better than last qtr hopefully.

Toplove888

245 posts

Posted by Toplove888 > 2020-10-14 12:56 | Report Abuse

Rm2.3 comin watch out

genghis

451 posts

Posted by genghis > 2020-10-14 13:04 | Report Abuse

today breakdance.so long waiting

Posted by Flymetothemoon > 2020-10-14 19:21 | Report Abuse

Has anyone heard of Kanger stock? It seems like about to fly as well

NPRA1985

3,415 posts

Posted by NPRA1985 > 2020-10-14 23:56 | Report Abuse

Congrats to all

bigearl

150 posts

Posted by bigearl > 2020-10-15 12:58 | Report Abuse

U guys think that scomnet will be put to Main Market?

LiimInvest

2,267 posts

Posted by LiimInvest > 2020-10-16 20:21 | Report Abuse

Congrats to all too

Posted by Keithchai126 > 2020-10-17 18:39 | Report Abuse

869 cases today, next week again medical counter fly!!! Scomnet hoot ah!

bigearl

150 posts

Posted by bigearl > 2020-10-19 01:25 | Report Abuse

Can't wait for the day that Scomnet enters to the Main Market.

xing

57 posts

Posted by xing > 2020-10-21 12:39 | Report Abuse

There were a total of 108 counters recording gains over the seven-month period, dominated mostly by technology-related manufacturers. Cables manufacturer Supercomnet Technologies Bhd (STB) led the pack. It surged 501% to its closing price of RM2.20 on Oct 19, from 36.6 sen as at March 18.The counter has seen a steady uptrend since March, with its market capitalisation ballooning to RM1.47 billion from RM205.76 million seven months earlier.
The company was valued at RM205.76 million seven months ago and has since ballooned to breach the RM1 billion mark with a total market capitalisation of RM1.47 billion. YTD, STB has climbed 205% and is trading at a price-to-earnings ratio of 69.3 times.

mf

27,865 posts

Posted by mf > 2020-10-22 08:55 |

Post removed.Why?

BobLimm

52 posts

Posted by BobLimm > 2020-10-22 09:21 | Report Abuse

Key customers Edwards Lifesciences announcing Q3 earnings. Mentioned in the report that relates to Scomnet is sales of Edwards' TruWave disposable pressure monitoring devices used in the ICU were lifted by a large one-time order in Europe associated with ICU capacity expansion. This is an area of Scomnet focus. With 2nd, 3rd waves coming, Scomnet will continue to benefit from this pandemic.

https://www.edwards.com/ns20201021

Toplove888

245 posts

Posted by Toplove888 > 2020-10-23 11:37 | Report Abuse

Scomnet will hit to rm3 no doubt.... holding tight guys

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