Dear fennix&peppermint. I may leave this forum. What I said just based on facts. Decision making are yours. Good bye. Overdo& Promoting is different from providing info based on facts. Bye!
Thanks euniceanalyst88 for sharing your information. Currently, market is focusing in glove counters. Scicom needs to deliver good quarterly result before the share price can go up.
as euniceanalyst88 said . hold for 6 months. i foresee next quarter should be very good. further more been many years not give bonus issue. who know this year kasi
From the current quarter report, the review we can see that this quarter is the kicked start quarter for the 10 projects secured during this financial year, which was told by CEO last year NOV AGM.
PERFORMANCE BY QUARTER For the financial quarter under review, revenue from existing BPO projects and newly secured projects increased by RM1.45 million and RM3.05 million, respectively as compared to the preceding year corresponding quarter.
PERFORMANCE BY FINANCIAL PERIOD TO DATE revenue from existing BPO projects and newly secured projects increased by RM15.31 million and RM4.89 million, respectively as compared to the preceding year corresponding period.
WE LOOK INTO THE NEWLY SECURED PROJECT, CURRENT QUARTER IS 3.05M, AND PERIOD TO DATE IS 4.89M.
This means it takes about 6 months from signing the contract to perform, recruit, and training and finally into revenue. So i think the game just start.
From what we had fact finding, one of their Ecommerce client is Shopee, which asked to increase their head count in Scicom about 120 Pax during MCO this is because increase in traffic as everyone start buying online. This we change the way ppl shop and it is positive to Scicom . this will contribute positively to 20Q4 revenue.
But, their travel and tour, leisure airline , cruise clients business were effected. so far we still dont know how deep is the effect. but seems like the contract is long term based, i think those clients (especially tourism sector) billings were still maintained, but mayb slightly reduce in adhoc billings.
Results like tis still not happy meh? I oredi said Eunice did gud analysis. I bought since 80 sens until now, always hear argument. Now results out, which is gud, still arguing. Gud means gud cannot lie.
25% increase YoY. stable result through out. strong sailing through Covid. The result has not taken in their recent businesses (i.e with Shoppee and Collaboration with Qualitas in Covid testing platform ...). just nice.
It is good time to accumulate. Result is within our expectation too. It is prudent also for co to keep more cash to investment fund. Besides the DPS 1ct and retained profit also exceeded 70mil. It is time to keep more cash during this pandemic period. Co should reserve more cash and its retained profit. Total liabilities is only 18% from it total assets. Zero borrowing. As we know the projects secured some delayed to Q4fy2020. So we need to be a bit patient. Their total clients now are above 60 . Mostly are listed corporate clients with good track record.
Good pick Amily. We did pick at the range of 99.5 to 1.00 Out fair value target still maintain at 2.40 Hope to see new e govt projects to be announced soon. Besides Shopee. One of the Genting Malaysia business also outsourced to them. Head counts around 80+ compared with Shopee 320+
There is a material litigation where the claim against the Company is for declaratory relief, general damages of approximately RM24.5 million and unliquidated damages. Anyone and any comments on this matter ?
The system has been functioning seamlessly for over 7 years with all the requisite clearances from the authorities. Scicom is advised by counsel that these allegations are time barred, frivolous and lack credibility.
Good morning. This is one of criteria set by fund manager before investing in this co. It is a financial ratio that determines a company's profitability and the efficiency the capital is applied besides EPS. Sometime it is vital to look at compare with EPS like what Warren Buffet said before.
This is the old time story in Malaysia again. Government changes may affect sentiment in e govt counters like Htpadu, Dsonics, Myeg etc But it is just temporal. We need to focus on its core& solid fundamental account and sound business model. But Scicom major part is in BPOs more than 60 clients. Furthermore EMGS( e govt) is the long term contract. Simply cancel of contract need to be compensate by govt. It is legally bound agreement contract. Please have our own judgement and do more research . If not too many noises may affect your decision. This is my 2cts opinion.
They can give any TP they like. I still remember in 2018 they gave TP till 2.98 by affin Hwang. After that dropped. Once price drop they give low TP. Once co price move up they adjust their TP. If we follow these analysts we may over optimist or over pessimist when make decision. So we may buy high price or dare not to enter when they set lower price .
Let all of us have independent thinking not to be influenced by others. As our teams still believe business model is a vital criteria for us to select a good co.
Just to summarise what we conclude last week. Scicom last time highest price 2.36. People start disposing due to drastic drop in EPS. But we did research the EPS drop due to tax 26% and MFRS16 ( depreciation& amortisation around 4mil per q). In actual facts their EBIT is at very healthy level. Last time they are tax exempt.
somehow the tax has to take into consideration. i presume no more tax exempted status for this company. MFRS16 i not sure will go on for how long, somehow it does not affect cash flow.
Yes of course tax may take into consideration. Earning per share we are counted in net profit only. What we would like to say here their profit drop not because of its sales but because of tax and new accounting standard. Their MSC status already expired. What we like this co because they are growing this year. Started recruiting a lot of staff in April & May . We are buying into their future earning . From the peak 2.36 to 1.03 level for us it is a good bargain hunting at this level.
I agreed with Eunice we need to have independent thinking. If not we may chase high. Now Cimb set TP for top glove at RM25. The PE of top glove already at 117. Are we sure the eps can grow above 117%? We need to think opposite? Infection of covid 19 drop, price may drop? How about vaccine out one day? I still MYEG in 2018 before change govt at 2.90+ and cimb set very high target too. After that.... even fell below 70cts... gst removed, bad news here& that... margin call many suffered. Even Scicom, affin hwang set 2.98 at thr time price around 1.90+.. those bought high at 2+ still lost 50%+ So sometime need to against IB. Noises distract our sound decision. Today closed at 1.03 ....once move up above 1.20 many chartist & IB may adjust their price to higher level. As retailers we need to play smart not to be fooled by them.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
euniceanalyst88
120 posts
Posted by euniceanalyst88 > 2020-05-28 10:13 | Report Abuse
Dear fennix&peppermint. I may leave this forum. What I said just based on facts. Decision making are yours. Good bye. Overdo& Promoting is different from providing info based on facts. Bye!