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.

Posted by NgWS90 > 2022-11-29 12:55 | Report Abuse

Wit patiently for Scomnet to break RM2 after announcement of transferring to main board is announced

Posted by NgWS90 > 2022-12-02 16:26 | Report Abuse

A bright future lies ahead for this company

Posted by NgWS90 > 2022-12-05 13:59 | Report Abuse

Time to fly

Posted by NgWS90 > 2022-12-06 14:28 | Report Abuse

For trading reference

https://klse.i3investor.com/web/blog/detail/AmInvestResearch/2022-12-06-story-h-303954318-Stock_on_Radar_Supercomnet_Technologies

Posted by NgWS90 > 2022-12-08 13:07 | Report Abuse

Yup. Prepare some fund to average

Posted by winetime > 2022-12-08 13:16 | Report Abuse

Not attracting as previous

Posted by NgWS90 > 2022-12-09 15:28 | Report Abuse

After it transferred to Main Board, it will be more attractive than before

Posted by NgWS90 > 2022-12-13 17:37 | Report Abuse

Will head to Mplus's TP

Posted by NgWS90 > 2022-12-14 12:02 | Report Abuse

Slow but stable going up

Posted by NgWS90 > 2022-12-16 16:52 | Report Abuse

After FED rate hike, this Scomnet goes for slow and stable down...

Posted by NgWS90 > 2022-12-19 18:50 | Report Abuse

Opportunity to collect it when drop to below RM1.50 again

Posted by NgWS90 > 2022-12-20 17:02 | Report Abuse

Haha. For certain companies la

Posted by NgWS90 > 2022-12-21 19:31 | Report Abuse

Soon it will transfer to Main Board. Finally

https://klse.i3investor.com/web/announcement/detail/1742957

Posted by songjoseph > 2022-12-22 07:03 | Report Abuse

JUNE !!!

Posted by NgWS90 > 2022-12-22 16:08 | Report Abuse

6 mth to go...

https://www.businesstoday.com.my/2022/12/21/supercomnet-eyeing-to-transfer-its-listing-to-main-market/

Posted by NgWS90 > 2022-12-23 14:23 | Report Abuse

Waiting for it to drop and average below RM1.50

Posted by NgWS90 > 2022-12-28 16:33 | Report Abuse

Still have hope de if got strong holding power

Posted by NgWS90 > 2022-12-29 20:18 | Report Abuse

Even though their directors and substantial shareholders had been disposing the shares lately, it's still hanging strongly at above RM1.50

Posted by steven rt > 2023-01-03 16:29 | Report Abuse

When is it moving to Mainboard?

Posted by NgWS90 > 2023-01-03 16:40 | Report Abuse

Expected end of June this year

https://www.businesstoday.com.my/2022/12/21/supercomnet-eyeing-to-transfer-its-listing-to-main-market/

Posted by NgWS90 > 2023-01-04 16:31 | Report Abuse

Good Q4 results can be expected from Scomnet

Posted by NgWS90 > 2023-01-05 16:31 | Report Abuse

Seems like Scomnet will break RM1.60 again

Posted by steven rt > 2023-01-05 16:58 | Report Abuse

Any idea when it's moving to mainnboard?

Posted by s3phiroth > 2023-01-05 19:18 | Report Abuse

Still expecting good q4 results? U guys do know that one of their main customer cutting orders, right?

Posted by songjoseph > 2023-01-06 06:14 | Report Abuse

don't just tell part of the story, they also replenish with other orders too right !
unless you are very sure no other orders. customers order come and go is normal in doing business.

Posted by NgWS90 > 2023-01-06 16:53 | Report Abuse

You meant Edw or Amb? or both clients?

Posted by s3phiroth > 2023-01-06 19:18 | Report Abuse

Ambu cut 50% orders in 22Q4.

Yes they get new orders but the problem is they will only start the mass productions Q2 this year.

Posted by NgWS90 > 2023-01-09 15:15 | Report Abuse

I see. Then double good news during their Q2 this year

Posted by imvu > 2023-01-11 06:47 | Report Abuse

1.570 / -wa 0.880

Posted by steven rt > 2023-01-11 10:08 | Report Abuse

Sudden volume & price increase, anything coming?

Posted by NgWS90 > 2023-01-11 16:33 | Report Abuse

Nice. Breaking RM1.60 again. Got holding power sure got hope one

Posted by NgWS90 > 2023-01-16 15:43 | Report Abuse

Guess it will undergo some profit-taking activity due to CNY ba

Posted by NgWS90 > 2023-01-18 15:44 | Report Abuse

Not so heavy on the selling pressure. See how it will move tmr

Posted by calm88 > 2023-01-19 21:43 | Report Abuse

Today beat down again... What happens?

Posted by NgWS90 > 2023-01-20 15:42 | Report Abuse

Cash out for CNY celebration. NO worries, it still hang around strongly above RM1.50

Posted by NgWS90 > 2023-01-26 18:54 | Report Abuse

Steady movement above RM1.50 carries on...

Posted by NgWS90 > 2023-01-27 14:12 | Report Abuse

4 more months to see Scomnet going mainboard

Posted by NgWS90 > 2023-01-30 16:13 | Report Abuse

Good lor for Scomnet's staff. Can get cheap price tomorrow via ESOS

Posted by jackyjay > 2023-02-02 15:54 | Report Abuse

that is not ESOS la~the conversion is from free Warrants that give to shareholders in 2019

Posted by NgWS90 > 2023-02-03 17:15 | Report Abuse

@jackyjay. My bad, saw wrongly because recently there're quite a lot of companies doing ESOS

Posted by Nepo > 2023-02-08 12:39 | Report Abuse

Anyone can tell me what happen to this co, share price every day down..

Posted by Sami_Value > 2023-02-08 17:20 | Report Abuse

most likely the Qr leaked & doesn't look good