Posted by Peace99 > 2021-07-05 13:01 | Report Abuse

Pikachu 頑張って下さい

Posted by MrPikachu > 2021-07-05 13:17 | Report Abuse

How soon it will be converted to mother share?

Posted by serendipity89 > 2021-07-05 14:23 | Report Abuse

mother share lai liao.... goreng kasi garing

Posted by hakubasnow > 2021-07-05 14:24 | Report Abuse

MrPikachu listing date for the rights is on 27/07/21

Posted by MrPikachu > 2021-07-05 14:39 | Report Abuse

Means by 27th will get my Scope mother share if I subscribe the rm20720?
Btw I'm using Rakuten, is there any difference between platforms in terms of time?

Posted by hakubasnow > 2021-07-05 14:45 | Report Abuse

Yes on 27th you can sell your rights (if you subscribed BEFORE the acceptance date 12/07/21)

Posted by Peace99 > 2021-07-05 14:48 | Report Abuse

ピカチュウ since I encourage subscription, I feel a moral responsibility to warn ppl never take loan from Ah Long.... don't blame me for your action....I know some one whose life was and still is broken bcos of it! Sayonara!!

Posted by MrPikachu > 2021-07-05 14:48 | Report Abuse

Thanks all, TQVM!!

Posted by CUTLOST > 2021-07-05 15:05 | Report Abuse

Nice Scope..owesome

Posted by Mike21 > 2021-07-05 15:11 | Report Abuse

Scope picking up today.. is it becoz of the right issues...?
How far it will go.. any analysis :-)

Posted by atee38 > 2021-07-05 16:25 | Report Abuse

i dont understand -or games..may i know is it true that mother price will spike when the -or convert to mother share

Posted by Audi_Lee > 2021-07-05 17:15 | Report Abuse

Sit tight, patience will be rewarded

Posted by serendipity89 > 2021-07-05 18:00 | Report Abuse

TP1 40cent by end july. Perak entered phase 2 of MCO d. Scope allowed to operate 100% d. Inventec giving scope more job, this coming quarter result in end July will be amazing. Don't forget the palm oil also.....

Posted by serendipity89 > 2021-07-05 18:01 | Report Abuse

Invented might not be interested with the palm oil and ask to sell those plantation. Might turn into more capital for factory expansion or special dividend for all investors. Let's huat together!

Posted by Sipekhuat > 2021-07-06 02:39 |

Post removed.Why?

Posted by paperplane > 2021-07-06 08:35 | Report Abuse

昨天推股票，今天出文章。马来西亚连炒股票的都那么没创意。难怪人家都不买马股

Posted by BursaHodler > 2021-07-06 09:09 | Report Abuse

^ someone is salty

Posted by ggcomliao > 2021-07-06 09:47 | Report Abuse

OR listing over?

Posted by serendipity89 > 2021-07-06 09:57 | Report Abuse

OR listing is over d. But can anyone start exercising their OR on bursa anywhere?

Posted by paperplane > 2021-07-06 10:41 | Report Abuse

hehe. Dave Chong grp earn kao kao this round

Posted by CUTLOST > 2021-07-06 12:20 | Report Abuse

Bought back 25cts

Posted by ggcomliao > 2021-07-06 14:55 | Report Abuse

can buy now if no subscribe OR? sure kena diluted rite

Posted by serendipity89 > 2021-07-06 17:48 | Report Abuse

the drop in price already adjusted kot. not be diluted anymore

Posted by Steve88 > 2021-07-06 19:42 | Report Abuse

This scope will be on uptrend recently in order to attract taking the OR...

Posted by ggcomliao > 2021-07-06 20:42 | Report Abuse

but the or take up period over already?

Posted by dalpinia > 2021-07-06 23:03 | Report Abuse

Profit margin for those potential projects is less than 3%, nothing to happy ...... moreover, orders not secure yet....those bigger ems are much bigger and stable and lower PE....i.e. VS, ATAIMS, SKPRES, EG, ETC

Posted by BursaHodler > 2021-07-07 08:29 | Report Abuse

IAC is a $96B company. they took up 10% of Scope.
From what i know, IAC factory in Pudong is moving out majority of their facilities slowly to Malaysia which is IAC malaysia plant, and also Scope.

Let's assume the profit margin is less than 3%, but so far, looking good on the QR hey?
Orders not secure you can put it that way, but orders not secure you think scope bosses will blatantly invest a new production plant for IAC only? confirm bosses behind got talk and plan ahead amiright?

Yes there are much bigger and stable and lower PE whatever suits your preference, but they didnt get IAC as their business partner so that is that.

even if Scope get 1% of IAC company valuation, that is 960m.


Think.

Posted by Peace99 > 2021-07-07 11:01 | Report Abuse

Yes, agree with Hodler. Sure, we need to be cautious, but Scope is clearly a proper expanding company, just hired few hundred to cope with expansion, and after using up available space in current factory, must build new one to cope with the demand. So I'm very happy to have invested and let the company's experts do their work, and everyone get rewarded later!

Posted by paperplane > 2021-07-07 12:37 | Report Abuse

Agree

Posted by Peace99 > 2021-07-07 15:49 | Report Abuse

对啊， 好投资不容易找，找到了不必再等咯！

Posted by ggcomliao > 2021-07-07 15:56 | Report Abuse

when want limit up?

Posted by paperplane > 2021-07-07 17:47 | Report Abuse

go go go.

Posted by Steve88 > 2021-07-07 17:54 | Report Abuse

comliao..The OR deadline should be 12 July.....

Posted by ggcomliao > 2021-07-07 18:14 | Report Abuse

not listed already, if buy now will it get diluted idk

Steve88 comliao..The OR deadline should be 12 July.....
07/07/2021 5:54 PM

Posted by LohNewbie > 2021-07-07 18:34 | Report Abuse

SCOPE INDUSTRIES - Major Turnaround Banking on Billion Dollar Supply Chain Diversion and Massive Capacity Expansion
Author: The Alpha Seeker | Publish date: Wed, 7 Jul 2021, 5:22 PM

INVESTMENT THESIS:

1. Despite the Biden administration coming into power early this year, the stance on the US-China trade war has continued to intensify with no signs of easing between both parties (having most tariffs during Trump's tenure still in place), in fact escalating to other issues over Xinjiang, Hong Kong and human rights. With US still being one of the largest customers for many MNCs, this has led to many companies with production facilities in China to move its supply chain away into other parts of the world, such as Vietnam, Thailand and Malaysia to avoid US tariffs on Chinese imports.


[Published by SCMP on July 2021]

One such company is Taiwan-listed ODM player Inventec Corp (a major supplier of many consumer electronics, including Apple AirPods), which announced its plans to shift its assembly business away from China to Taiwan, Malaysia and Mexico. Given the huge impact of the tariffs, potentially affecting as high as 90% of its USD 18 billion business, this necessitates a large proportion of its production capacity to move out of China, creating massive opportunities for supply chains in other regions.


[Highlighted by Inventec CEO, David Ho in Taipei Times on November 2018]

In Malaysia's case, Scope Industries is one of the many companies who has greatly benefitted from China's manufacturing exodus. They specialise in PCB assembly and has also recently expanded into completed electrical and electronic product assembly, including complete box-build products. On April 2019, Inventec has emerged as a substantial shareholder through its smart device manufacturing arm Inventec Appliances Corp, holding ~5% stake in the Company. Prior to Inventec's entry, Scope's revenue and profit has been on a steep decline for 2 consecutive years, resulting in the Company suffering few quarters of losses. Fast forward to FY2020, Scope experienced a 26% increase in its top-line, as a result of a 675% spike in sales from Taiwan from RM 1.1 million to RM 8.7 million, which we deduce to be contributed by Inventec ("Customer A").



Subsequently in the following three quarters of FY2021, its revenue growth continue to accelerate despite the Covid-19 pandemic, achieving its highest ever quarterly revenue of RM 11 million, RM 14 million and RM 21 million accordingly, with a YTD gross margin of 18% and returning to profitability with a net margin of 10%.



We believe orders from Inventec will continue to grow exponentially as we are just in the beginning of its production shift. Sonos, whose products are made by Inventec, has also expressed it wanted ALL of its US-bound products to be from Southeast Asia by the fall of this year, implying further opportunities for Scope to secure new orders.


[Published by WSJ on May 2021]

2. At the same time, Scope is aggresively expanding its production capacity from 145,200 sq ft of floor space to 299,200 sq ft on a 2.5 acres land in Parit Buntar, Perak, in anticipation of heightened demand coming from its existing customers and potential new customers arising from the US-China trade war, providing further fuel for its top and bottom-line to grow tremendously.


[Highlighted in 2020 Annual Report]

3. In order to fund this expansion and future acquistions, Scope has announced a 2-for-1 rights issue at a ~32% discount to TERP on March 2021, which could raise a minimum of RM 14 million and a maximum of RM 67 million upon full subscription. What's compelling is the fact that Inventec has bought all rights issue shares from the 2 major shareholders to boost its stake to ~10% (upon minimum scenario) or ~7% (upon maximum scenario). We believe this move by Inventec is truly a win-win situation for investors, as it signals a deeper commitment into Scope as both a long-term business partner and also customer, abating some of the concentration risk of Inventec, having accounted for ~40% of its FY2020 revenue. Despite the rights issue being dilutive to investors, we believe the potential profit stemming from its new incoming capacity will be highly value accretive to investors in the coming years.

4. Looking at its growth trajectory going forward, we estimate Scope to deliver a minimum of ~RM 100 million in revenue and ~RM 10 million in net profit for FY2022, implying an undemanding forward PE of 30x, which we opine to be grossly undervalued and believe it is worth at least 50 sen/share in the near term, and RM 1/share in the long term as earnings visibility kicks in.

Posted by Raiz368 > 2021-07-08 13:26 | Report Abuse

Sale first and buy back below 20 cent...

Posted by ggcomliao > 2021-07-09 15:19 | Report Abuse

LU kambing

Posted by pejatrade > 2021-07-11 18:36 | Report Abuse

Looks like accumulation last week..tomorrow can fly ke?

Posted by Profitsaham1 > 2021-07-11 22:01 | Report Abuse

The TA looks good..then if close green,will be super good..next teach self about strong hold.tq

Posted by ggcomliao > 2021-07-12 10:31 | Report Abuse

kecut la fly, fake volume

Posted by ggcomliao > 2021-07-12 11:09 | Report Abuse

p&d win liao

Posted by Powerplay666 > 2021-07-13 17:38 | Report Abuse

I expect the price to be closer to 50 sen by the end of July. Their capacity will be double once the new plant is ready. And the increased business from Inventec will result in huge earnings for upcoming quarters.

Posted by LuckyStorm > 2021-07-13 18:54 | Report Abuse

I expect the price to be closer to 20sen by end of july. More than 500 million new shares will list on 27/7 with subscription price 17.5sen. Selling pressure is expected. However, 20sen is a good entry price.

Posted by Powerplay666 > 2021-07-13 23:45 | Report Abuse

If the price is closer to 20 sen I will just accumulate more. This one will be a growth stock in the coming months.

Posted by willee2 > 2021-07-14 01:35 | Report Abuse

kejap in july kejap in coming months..aduhaiii ini words from kena stuck high floors mia olang.

Posted by LastKnight > 2021-07-14 04:40 | Report Abuse

Inventec setting new factory in Msia + emerging as major shareholder of Scope !
Pure coincidence?!
Think about it.

Posted by BursaHodler > 2021-07-14 08:40 | Report Abuse

to be fair July is a lil bit too optimistic.
Construction work can't progress because Parit Buntar (where the new plant is located) is still
under phase 2 i believe?

I agree with Lucky storm in this case. Longer term this is the counter to look out for!

Posted by LastKnight > 2021-07-14 09:35 | Report Abuse

I'm a bit confused here. Those who subscribed for RI are true fans of scope, where is that selling pressure from?

Posted by AlfI3 > 2021-07-14 10:48 | Report Abuse

'Rumours' spreading hear & there causing the selling pressures lor....!

Posted by ggcomliao > 2021-07-14 11:36 | Report Abuse

useless f