Posted by NgWS90 > 2022-09-22 11:55 | Report Abuse

Superb. Breaking RM1.60 even before the announcement of the company going main board.

Posted by kwcheong3888 > 2022-09-22 16:09 | Report Abuse

Terrence, where you get the news?

Posted by NgWS90 > 2022-09-23 15:16 | Report Abuse

I was curious as well. Where to get the source? @ Terrence

Posted by cherry88 > 2022-09-25 11:06 | Report Abuse

https://youtu.be/oILalWubo0Q

Posted by cherry88 > 2022-09-25 11:06 | Report Abuse

https://www.enanyang.my/%E8%A1%8C%E5%AE%B6%E8%AE%BA%E8%82%A1/%E7%A5%9E%E9%80%9A%E7%BD%91%E7%BB%9C%E8%AF%95%E5%8F%A9rm172%E6%95%8F%E6%BA%90

Posted by cherry88 > 2022-09-25 12:32 | Report Abuse

@NgWS90, no secret lah. It is Stellantis for Peugeot fuel tank and wire hardness. Just completed the final product audit. Mass production starts in Oct. Estimated additional sales of RM70mil per year (in FY2023) with net profit of RM10mil (net profit margin of 15%) from this division only. So, you guys do your own math of the rest of division for FY2023 profit growth....

Posted by NgWS90 > 2022-09-26 15:30 | Report Abuse

Ok. Thanks, cherry 88. Thought they had announced officially already and I missed it

Posted by nelsonlim > 2022-09-27 10:48 | Report Abuse

can scomnet pullback.... potential winner seriously if giving a pullback

Posted by nelsonlim > 2022-09-27 16:06 | Report Abuse

scomnet to the moon. cannot wait ady lo fruitcake

Posted by cherry88 > 2022-09-27 16:06 | Report Abuse

Can't wait anymore....

Posted by nelsonlim > 2022-09-27 16:10 | Report Abuse

1.69 is the key la.... if can break then will head higher.

Posted by nelsonlim > 2022-09-27 16:20 | Report Abuse

forceful. so US market kasi gogogogo tonight then we will have more force. SP500 3730- 3750 lets goooo

Posted by songjoseph > 2022-09-27 18:25 | Report Abuse

dear investortrader88, don't need to tell or rather show off here. i am very happy for you yet to make a good profit. Many here i believed also been keeping this counter long and cheap also. is good that we need to be prudent and humble. some make profit and some may making lost. do care for others feeling too. this is just my opinion . if i offended you, would like to say sorry first.

Posted by cherry88 > 2022-09-28 12:59 | Report Abuse

https://www.theedgemarkets.com/article/supercomnet-sees-no-letup-medical-device-demand-postpandemic

Posted by cherry88 > 2022-09-29 08:54 | Report Abuse

https://klse.i3investor.com/web/blog/detail/taresearch/2022-09-29-story-h1649965602-Supercomnet_Technologies_Berhad_A_High_Quality_Supplier_of_Medical_Devi

Posted by NgWS90 > 2022-09-29 12:02 | Report Abuse

Nice TP from TA Research

Posted by osk023 > 2022-09-29 17:26 | Report Abuse

0001 seems good

Posted by cherry88 > 2022-10-02 14:46 | Report Abuse

https://www.youtube.com/watch?v=yWpb6BYA-bI

Posted by fruitcake > 2022-10-04 10:43 | Report Abuse

just beautiful. ride on the cross

Posted by NgWS90 > 2022-10-04 13:46 | Report Abuse

Good good. Otw to TA research de tp

Posted by s3phiroth > 2022-10-04 14:20 | Report Abuse

huge roadblock ahead! Sell now or never!

Posted by fruitcake > 2022-10-04 14:30 | Report Abuse

roadblock? JPJ or PDRM? hahaha

Posted by fruitcake > 2022-10-05 11:03 | Report Abuse

coffee break

Posted by NgWS90 > 2022-10-06 11:28 | Report Abuse

The one who doesn't commit speed drive or drink and drive will just wait for the roadblock to be clear and then move on

Posted by Michael Kwok > 2022-10-11 22:14 | Report Abuse

Scomnet sell call rm 1.57-rm 1.60
Tp below rm 1
11/10/2022 10.13pm

Posted by James_Bond > 2022-10-12 16:30 | Report Abuse

Cash out and stay away from stock market! Go for a vacation now and you won’t regret!

Posted by NgWS90 > 2022-10-17 13:57 | Report Abuse

Not so desperate... Once the announcement of it going to main board, it will go up again

Posted by kwcheong3888 > 2022-10-17 22:46 | Report Abuse

Sad, thought got chance can collect more in between 1.4-1.5

Posted by MJkoh168 > 2022-10-21 11:08 | Report Abuse

Taiwan Company ...... High Risk!

Posted by NgWS90 > 2022-10-21 14:47 | Report Abuse

Back to RM1.60 soon

Posted by NgWS90 > 2022-10-31 11:41 | Report Abuse

Good good. on the way to RM1.70 again

Posted by NgWS90 > 2022-11-02 12:24 | Report Abuse

Nice momentum. Still waiting for the official announcement for Scomnet to go main board

Posted by bojed > 2022-11-04 08:45 | Report Abuse

Its weekly chart looks promising.

Posted by wallstreetrookie > 2022-11-04 11:18 | Report Abuse

My healthcare top picks
1. Kotra Industries
2. Malaysian Genomics
3. Supercomnet

Posted by NgWS90 > 2022-11-04 12:17 | Report Abuse

Nice price movement before Scomnet release their Q3 results

Posted by NgWS90 > 2022-11-07 15:16 | Report Abuse

Rm10 million in earnings can be estimated from Scomnet's Q3 result I guess

Posted by cherry88 > 2022-11-07 21:53 | Report Abuse

Refer my comments 2 months ago...."Malacca Securities upgraded its TP from RM1.51 to RM1.94 within 3 days ! The main upgrade was it expect the company to double its profit from RM25mil in FY2021 to RM48mil in FY2024. It is rather difficult to find a company which can double its profit within next 3 years....Share price could be doubled easily within next 1 or 2 years too. Please advise me if you can find other similar companies can match SCOMNET performance."

Posted by cherry88 > 2022-11-07 21:55 | Report Abuse

Extract from TA Research :
Robust Earnings Growth. We estimate Scomnet to register a profit growth of 51.5%40.6%/22.7% in FY22/FY23/FY24 driven by existing orders from Edward Lifesciences and Ambu. In addition, strong demand from Mermaid’s declotting device, new orders secured from Stellantis and maiden contribution from IHS are expected to boost earnings significantly over the next 3 years.

Preparing for the Future. To facilitate future growth, the group will proceed with a 5-storey building expansion. The 5-storey building will provide an additional 12,000 sqm and will take about 3 years to complete. The new plant will be GMP compliance and will cater for more medical products.

Transfer of Listing. The group has kicked off the necessary preparations for transfer of listing. We opined that the move will help to lift interest on the stock, especially from institutional funds (below 15% currently).

Reasonable Valuations. Scomnet is currently trading at 26.2x PER. We opine that our target PE of 32.0x is reasonable (in-line with its 5-years mean), considering that the peers are trading at 31-36x.

Posted by cherry88 > 2022-11-07 21:58 | Report Abuse

The immediate TP is between RM1.90 to RM2.00. The "boost" here is after the 3q results announcement by 30Nov and transfer to Main Board (dont know when loh)

Posted by cherry88 > 2022-11-08 09:25 | Report Abuse

@pang72, too bad...no more "dip"

Posted by NgWS90 > 2022-11-08 12:48 | Report Abuse

Positive momentum continues

Posted by 123oscar > 2022-11-13 15:50 | Report Abuse

https://www.youtube.com/watch?v=TrKCNvtjvLc&t=1s

Posted by NgWS90 > 2022-11-14 16:03 | Report Abuse

Nice nice. Otw to RM2

Posted by NgWS90 > 2022-11-16 15:16 | Report Abuse

Estimated Scomnet will have 10% grow in the third quarter for their revenue

Posted by cherry88 > 2022-11-22 23:22 | Report Abuse

Supercomnet continued with its momentum of growth by recording its highest ever quarterly net profit of RM10.1 mil, which is a 44.4% increase from the same period of the previous year for the third quarter. This was achieved on the back of a 40.6% jump in revenue to RM45.14 mil. The stellar results were registered due to contributions from its new and existing clients, and a favourable foreign exchange rate. Thus, for the nine-month period to Sep 30, 2022, net profit is now up by 55.6% to RM26.9 mil, on the back of a 18.1% jump in revenue to RM120.98 mil.
For the quarter under review, all three segments recorded an improved revenue performance as compared to the last corresponding period. The medical segment continues to be a key contributor for the Group with a revenue contribution of 56% as compared to 71% in the last corresponding period. Continuing from the previous quarter, the automotive segment continued with its momentum. It recorded a higher revenue contribution at 14%, compared to 10% in the previous period. Revenue contribution for the industrial segment also increased to 30%, compared to 19% in the previous period.
Backed by our growing financial position, Scomnet is on the lookout for earnings accretive mergers and acquisition in the medical segment. Looking ahead, we are confident and optimistic with the group’s mid to long term prospects underpinned by continuous growing demand from customers in addition to several new products in the pipeline. The medical segment will continue to be our main driver, but as you can see, the automotive segment has also picked up. It will be providing some exciting growth and new opportunities in the future.

Posted by cherry88 > 2022-11-22 23:33 | Report Abuse

SCOMNET growth driver is just started ! Its 9-month results had achieved RM27mil (or EPS of 3.6 sen). Further assume its final quarter to achieve RM10mil (which is prudent), FY2022 full year profit could hit RM37mil or EPS of 5sen.
This is just started, given its new medical products are starting into mass production, this together with its surprising good growth in its auto segment, we can expect its profit to increase by at least 50% from FY2022 toward PAT of RM60mil or EPS of 8sen. Given the industry forward PE of 30x (under bearish condition), this translate into TP of RMRM2.40 ! (this is also its previous high achieved in Nov2020 (around RM2.30)

Posted by NgWS90 > 2022-11-23 15:56 | Report Abuse

Very nice. Scomnet's Q3 results matched with my estimation.

Posted by cherry88 > 2022-11-28 11:32 | Report Abuse

https://www.thestar.com.my/business/business-news/2022/11/25/pheim-asset-management-buys-stake-in-scomnet

Posted by cherry88 > 2022-11-28 11:59 | Report Abuse

Source : https://klse.i3investor.com/web/blog/detail/taresearch/2022-11-25-story-h-304759599-Supercomnet_Technologies_Berhad_Growth_Mostly_Intact

Refer my earlier comments on 23/11, TA research share the similar profit outlook for this year, reporting a profit of RM37mil (Vs TA of RM38.2mil). Moving forward, the profit is expect to DOUBLE from RM25mil in FY21 to RM53.7mil in FY23 (vs my own forecast of RM60mil). Given our current stake of economic of increasing inflationary trend together with risk of technical recession world-wide, SCOMNET is a company that you cannot ignore if you are looking for growing stock. (However, it is NOT for dividend yield investor)
Further, I believe its transfer to Main Board should be completed by Jan next year. By then, many institutions will be grapping this stock. Currently, we get to know that Pheim has started to grab the stock. Others will follow soon by end of Jan next year.
Moving forward in FY23, the growth catalysts are new mass production of IHS; Auto segment will grow by 60% from its Peugeot's fuel tanks and wire harness; the completion expansion of its factory size (by additional 990 sq m).
If you are looking beyond FY2023, then we should expect the raw material disruption should be minimal and the further factory expansion (take 3 years to complete) to increase its floor space by 2400 sq meter). Last and not least, they are looking for more M&A activities. It was not disclosed specifically, but my guess should be its automotive segment in EV where it requires lots of special type of wire. Other future new product launching could be too early to comment.....Its new products include Plass Rescue Occluder (pending FDA approval), Hemodialysis-Vascular-Catheters, AMBU GI SCOPE.

Posted by s3phiroth > 2022-11-28 12:25 | Report Abuse

FYI, EV requires double quantity of wire harness compare to conventional ICE vehicle.