Shazza..I dont have all the details but hearing from Sri Lanka side in addition to new BPO business from Dialog (telco). This is not the MAS contract. Recent push I believe is from institutions and also seeing foreign institutions beginning to nibble. Not an IFCA but think you can sleep better at night with this one. TP an easy RM2.60-RM2.80 short term but longer term is much much higher!
Thanks Mocics, hope some official news can be posted. Hope won't take too long to reach the short term TP. A little nervous if it drops drastic since it has been continually on the rise at a moderate pace. Will look out for news too and post it here.
There is absolutely no news on this. So i believe there is some 'panic' selling, well, more profit taking given the weak market sentiment at the moment. Good time to accumulate the stock.
KUALA LUMPUR (Apr 28): The FBM KLCI fell 5.69 points or 0.31% on profit taking ahead of the two-day US Federal Reserve's policy meeting beginning today.
At 12.30pm, the KLCI settled at 1,853.89 on gains in stocks like Petronas Dagangan Bhd.
The KLCI had tracked Asian share losses. Reuters reported that Asian stocks pulled back from a seven-year peak scaled on Tuesday as sentiment gave way to caution ahead of the Federal Reserve's policy two-day meeting scheduled to start later in the session.
Singtel is out of scicom. Singtel setting up own call centre. so this might be the reason of the price fell. But just panic selling. scicom still very much healthy.
Very minimal impact. Because they got more than 40 corporate clients. Sing tel is very small. Based on 2010 report only around 13% of total revenue but that time only few major clients like air Asia, nokia and sing tel. Now their clients include mc donald , altel , Petronas , etc
Koekc: you are right about Singtel but Singtel has decided to part with Scicom more than 1 year ago and there was a transition period as they went on to set up their own center in Klang. So I dont think the pull back in share price has anything to do with that. In any case, unconfirmed report indicated that it is not going that well and they are facing all sort of issues in the new center.
cch1975 is also corrrect. % of revenue from Singtel has been declining over the last tweleve months in anticipation of this move, so impact will be minimal. They have signed on many new clients since, such as Lenovo, CTOS, Fujitsu as well as some govt agencies etc. Dont forget, they are also in Indonesia and Sri Lanka, so lots more potentials there...
I believe any pull back is a good time to collect as institutional investors have started to take notice of this company's potential and nibbling. heard of them buying to as high as RM2.30. I believe this company has the potential of another MYEG (in term of share price performance) without the political risk.
cch1975 - Blue chip is a vague definition. I would like to put it like this - if it all stars are aligned, Scicom will do very well over the next few years and can increases its market cap multiple times over. But if you ask me if it can be large then MYEG (in terms of market cap) in the future...my answer is YES. - more so that it is now buying building...always a bad sign in my book.
As a stock, Scicom is still largely undiscovered by the investment community (especially the foreign one), so potential for upside is there.
cch1975 - for you interest, you should take a look at SEGI's strong results (+50% yoy) as a read through to Scicom's upcoming 3Q results by end of May. Stronger students no will mean better business for Scicom!
All the best, Indonesia and Sri Lanka not progressing well. The current student pass processing, depends on future politic situation. One good thing, they might expand student pass processing for the whole country.
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Posted by KingPro > 2015-04-01 16:21 | Report Abuse
but today big drop