Posted by weesiong91 > 2021-08-13 17:12 | Report Abuse

kalvin are you the case passed？pls see the last report

Posted by vivientac > 2021-08-18 15:41 | Report Abuse

Case is over right?

Posted by elesam > 2021-08-18 19:04 | Report Abuse

This is retrieved from the latest QR

On the 12 January 2021 EMGS filed Notice of Appeal against the Striking Out
Decision. Scicom has, with the leave of the Court of Appeal applied to stay the
Arbitration Decision Appeal pending the outcome of the Striking Out Decision
appeal in the High Court.

The hearing date for the Striking Out Decision appeal in the High Court is 9th
August 2021. The case management of the Arbitration Decision Appeal at the
Court of Appeal is 11th August 2021.

Posted by elesam > 2021-08-18 19:04 | Report Abuse

today is 18th Aug, no new announcement until today, anyone knows what happened to the case?

Posted by weesiong91 > 2021-08-18 21:06 | Report Abuse

maybe is not a good new the price dropped

Posted by Batman888 > 2021-08-20 09:41 | Report Abuse

There is one clever operator keeps unload 600 units, 500 units and now 400 units. Drama continues

Posted by lloydlim > 2021-08-26 10:49 | Report Abuse

Time to accumulate!

Posted by Davidl > 2021-08-27 18:18 | Report Abuse

An improving QR release!

Posted by Mystery55555 > 2021-08-27 19:53 | Report Abuse

Yes! Result break 3 year high!!

Posted by feenix1522 > 2021-08-30 08:58 | Report Abuse

yes record high share pricing akan datang......

Posted by Davidl > 2021-08-30 09:00 | Report Abuse

Ready to breakout!

Posted by vivientac > 2021-08-30 15:26 | Report Abuse

Due to impairment of receivable 2.36mil. In actual this q profit should be 8.4mil
It is due to delay of payment and we strongly believe it can collect back because Scicom client s are well known and established.
Their total headcount is above 3200 and it also reflects in the quarterly historical high sales about 55mil.
Furthermore two clients just started at the end of Q4FY2021 ( around end of May to June). Besides that they also need additional 50 agents to support Lenovo Hongkong Market and 300 for their two clients again.
Overall profit margin improved and retained profit is at 76mil. DY is above 5% at this current level.

Posted by Goreng pisang > 2021-08-30 16:19 | Report Abuse

Thanks Vivientac for the analysis and does many study on ScIcom. With no doubt scicom is avery good company even during the critical period of the current pandemic. I will just hoot and keep this gem to Shine......Time wait for no man!

Posted by snowy1 > 2021-08-31 22:07 | Report Abuse

Scicom performance has been very consistent. Am holding on to it!

Posted by lloydlim > 2021-08-31 23:38 | Report Abuse

Strong fundamental company with net cash, apa lagi mahu?

Posted by vivientac > 2021-09-01 07:43 | Report Abuse

Not only net cash but zero borrowing.

Posted by feenix1522 > 2021-09-01 08:15 | Report Abuse

wah....so good
like this Q3 should be 8m if not for impairment so Q4 at least 8m plus write back of provisions on slow payment....plus new clients
heading for at least 10 sen eps FY 22.....so why is price in the basement Vivientac...

Posted by elesam > 2021-09-01 12:52 | Report Abuse

i'm a shareholder too, but let's be realistic. If without the impairment of 2mil+, the PBT will be 8m but not the PAT. I just hope the new client contribution is not fully reflected in the latest Q4, then we have hope to see PAT of 8m or more in the next quarter (hopefully to write back the 2m impairment too).

Posted by elesam > 2021-09-01 12:55 | Report Abuse

there is 1 highlight in the latest QR, the cash outflow for PPE is at record high of 12m (FY20 - 5m, FY19 - 2.4m, FY18 - 2.9m). Anyone could share us, why such asset light business spent so much on PPE? Is this a potential indicator for massive staff hiring, due to new office building, laptop or other related expenses?

Posted by thesteward > 2021-09-01 13:49 | Report Abuse

Without the rm2++ impairment actually Scicom last q result Is over rm8 million PAT …pretty good. N they hv 2 new clients which could be contributing more in the future. This co no debt?? Or did I read wrong

Posted by vivientac > 2021-09-01 15:37 | Report Abuse

This co no borrowing. Now DY is better than EPF return. Quarterly payout dividend. You may compound your interest on interest quarterly.

Posted by feenix1522 > 2021-09-02 08:55 | Report Abuse

we get the picture Vivien tech.....but why is this share an under performer.....

Posted by Davidl > 2021-09-02 15:27 | Report Abuse

Time to accumulate!

Posted by feenix1522 > 2021-09-02 15:49 | Report Abuse

ha ha ....every week collect.....

Posted by dingleehing > 2021-09-03 20:13 | Report Abuse

Seen so one collect at 1.20 n 1.30 ding-dong sideway no big volume no big buyer .... Waiting

Posted by feenix1522 > 2021-09-04 10:50 | Report Abuse

need tuition from ctos

Posted by thesteward > 2021-09-06 19:52 | Report Abuse

About ready di

Posted by risktoreward > 2021-09-07 15:21 | Report Abuse

Release scicom

Posted by risktoreward > 2021-09-07 20:25 | Report Abuse

Haha, just saw something I like, release capital

Posted by investortrader88 > 2021-09-09 17:09 | Report Abuse

Got some tickets this afternoon.good luck guys

Posted by VaWealth > 2021-09-10 18:11 |

Post removed.Why?

Posted by feenix1522 > 2021-09-21 17:13 | Report Abuse

dow ways

Posted by vivientac > 2021-09-23 20:29 | Report Abuse

CEO Leo bought 750k shares. Their Lenovo HongKong needed additional staff. Their total workforce now above 3400! Highest number since listed in 2006. Higher agents mean higher sales. Hope this coming Q1 profit breakthrough 8mil & DPS back to 2cts per quarter.

Posted by dingleehing > 2021-09-24 16:17 | Report Abuse

On the way 1.36

Posted by Aaron_tan > 2021-09-24 18:10 | Report Abuse

Lol in ur dream … monday 1.1

Posted by icst1975 > 2021-09-24 22:33 | Report Abuse

Base on FY2020 annual report, Scicom had about 2338 employees and reported net profit was RM22.05m. This means each employee contributed an average of RM9432 net profit per annum for the Company. The bulk of Scisom income is from BPO services.
If the latest employee count of about 3400 is correct, investor can expect Scicom net profit for current FY2022 to be about RM32m (3400*RM9432). This gives EPS of about 9 cents in FY2022. So investors can expect quarterly dividend of 2 cents. The growth in profit from RM25.8m in FY2021 to RM32m FY2022 would be about 24%.

Posted by dingleehing > 2021-09-24 22:38 | Report Abuse

Very fast rm 1.35

Posted by songjoseph > 2021-09-25 07:59 | Report Abuse

dear icst1975.
if calculation is so simple , semua orang boleh jadi WARREN BUFFETT liao

Posted by songjoseph > 2021-09-25 08:00 | Report Abuse

all SKL in the investment bank can close shop

Posted by Davidl > 2021-09-25 12:05 | Report Abuse

It is now time to shoot up!

Posted by Aaron_tan > 2021-09-25 13:03 | Report Abuse

Remember the court case ya

Posted by icst1975 > 2021-09-25 13:05 | Report Abuse

SongJoseph.

It is usually complex to make business profit forecast but for SCICOM, profit is directly linked to the number of employees they provide in BPO services.

SCICOM principal business activities are the provision of customer contact centre services within the Business Process Outsourcing (‘BPO’) space, which offers multi-lingual, multi-channel customer care, technical support help desk, consultative sales and associated fulfilment. Over 99% of the revenues comes from BPO.

Revenue is recognised when the outsourcing services are delivered according to the terms of the respective contracts with customers which should be similar from year to year.

For forecast purpose, I think it is reasonable to assume similarity base on the the past two years in
1) the BPO services SCICOM are serving
2) average BPO service contract rates
3) average BPO service volume handled per employee
When above are similar from year to year, the revenue per employee would be similar.
When the overhead and tax rates are similar, the net profit per employee would also be similar.

Year Employee Revenue per employee Net profit per employee
2020 2338 RM77558 RM9432
2021 2800 RM78284 RM9221

For estimation of FY2022 (June 2022), I assume that there are 3400 employees and the average revenue and profit per employee from FY2020 & 2021 can be used.

FY2022 revenue and net profit are therefore estimated to be RM265m and RM31.7m respectively. Profit margin is around 12% which is in between that of FY2020 (12.2%) and FY2021 (11.9%).

Posted by icst1975 > 2021-09-25 14:45 | Report Abuse

update on litigation in Q4 2021 report

"(i) EMGS (cont’d)
On 17 December 2020, the Kuala Lumpur High Court (“High Court”) struck out the action by EMGS against the Company and 3 others in KL High Court Civil Suit No. WA-22NCVC-88-02/2020 (“Striking Out Decision”). The action against the Company was struck out on the Judge’s own motion. In his brief oral grounds, the Judge stated that the Statement of Claim was defective, that the action was time barred and that EMGS did not have locus standi to bring the action.
On the 12 January 2021 EMGS filed Notice of Appeal against the Striking Out Decision. Scicom has, with the leave of the Court of Appeal applied to stay the Arbitration Decision Appeal pending the outcome of the Striking Out Decision appeal.
The hearing date for the Striking Out Decision appeal was adjourned on 9th August 2021 and has been relisted for 3rd March 2022. The Arbitration Decision Appeal at the Court of Appeal is adjourned for a Case Management hearing date after the Striking Out Decision appeal."

"(ii) Informatics International Limited
On 29th November 2019, the Company was served with an Application for an Interim Injunction against the Company and its wholly-owned subsidiary namely Scicom Lanka (Pvt) Ltd (“SLPL”) along with six (6) employees of SLPL ......... There is no monetary claim sought in this action.
The Company has appointed Counsel in Sri Lanka to represent its interests and that of its employees. The Company has sought and obtained legal advice that the Application for the Interim Injunction filed by IIL is frivolous and without merit. The Application for the Interim Injunction has no material financial or operational implications to the Company./"

Posted by lloydlim > 2021-09-27 09:13 | Report Abuse

Finally breakout 1.15! Uptrend begins!

Posted by Dangel > 2021-09-27 10:40 | Report Abuse

Steadily moving upward, auto pilot mode to the north is now ON.

Posted by moneySIFU > 2021-09-27 13:01 | Report Abuse

Hopefully it can stay on the trend

Posted by Davidl > 2021-09-27 14:47 | Report Abuse

Looking forward to break 1.20 today!

Posted by Samuelgold > 2021-09-27 15:03 | Report Abuse

1.30 coming

Posted by thesteward > 2021-09-27 15:42 | Report Abuse

Beautiful

Posted by Davidl > 2021-09-27 17:17 | Report Abuse

Although not successfully breakthrough 1.20 today but technical looks good!