Posted by djhchew > 2012-12-23 14:18 | Report Abuse

Noted.. thanks.. 8)

Posted by rocket > 2012-12-23 14:50 | Report Abuse

Chew, everybody is talking about this MOF . But, can we say this MOF will only awarded to Scomi if the Abu gang win in this power tussle ?

Posted by djhchew > 2012-12-23 15:29 | Report Abuse

I feel Abu & Gang is only hitching a ride for a quickie based on info they already know.. Politics is a very expensive game so more funds are needed..

IJM is already a done deal.. so there won't be a power tussle.. Sulking will be the reason for a pullout all the way to the bank when the time comes..

Just my 0.005 sens.. 8)

Posted by rocket > 2012-12-23 15:56 | Report Abuse

Thank you Chew :) your 0.005 sens comment means a lot to me ! :)

Posted by rocket > 2012-12-23 15:59 | Report Abuse

What will the loser do when they lost in the power tussle ? What will the impact on the share price ? Chew , hope u don't mind to give another 0.005 sens comment :) thank thank thank

Posted by djhchew > 2012-12-23 16:30 | Report Abuse

Simple.. parachute time.. 8D

Posted by rocket > 2012-12-23 18:42 | Report Abuse

Sigh :( parachute ready :(

Posted by Ng Kai Yau > 2012-12-24 10:12 | Report Abuse

djhchew, what is the strong support price? TVM

Posted by djhchew > 2012-12-24 10:20 | Report Abuse

For today, 350.. 8)

Posted by Ng Kai Yau > 2012-12-24 10:26 | Report Abuse

Thxs, chew

Posted by djhchew > 2012-12-24 10:32 | Report Abuse

Not at all Ng.. 8)

Posted by rocket > 2012-12-24 11:47 | Report Abuse

Ng, chew , any idea why the Market react like this ？sign of loser escaping ?

Posted by Ching Yin Carrot Loh > 2012-12-24 12:49 | Report Abuse

Time to run away lol=)

Posted by rocket > 2012-12-24 13:00 | Report Abuse

carrot, r u still holding this counter?

Posted by lynncly > 2012-12-24 13:03 | Report Abuse

Hi.. Merry Christmas & Happy New Year 2013 to Everyone here ! :)

djhchew.. thanks for the info..!

rocket.. no need to be so panic, just go for your holidays and relax..
when its time for scomi.. the price will go up again :) just hold on.. if cant.. then offload it. sorry.. thats just my suggestion. :)

Posted by rocket > 2012-12-24 13:10 | Report Abuse

Scomi does Malaysia proud
http://www.btimes.com.my/Current_News/BTIMES/articles/skmani/Article/
Dec 15, 2012 ... INTERNATIONAL Trade and Industry Minister Datuk Seri Mustapa Mohamed yesterday commended Scomi Engineering Bhd for its excellent ...
just hope that they will make all the shareholder pround as well

Posted by rocket > 2012-12-24 13:16 | Report Abuse

thank you lyncly...:)
have been holding this counter for a year +.. just slowly loosing my patience :) but no worrry.. i'm enjoying my holiday now:) hope u too..

Posted by pathew > 2012-12-24 13:44 | Report Abuse

wait loh, we all got stuck become investor :D
hopefully MOF comes sooner rather than later!

Posted by jumbo > 2012-12-24 13:45 | Report Abuse

Jumbo think they will come sooner....very soon but not this year

Posted by sheridansulik > 2012-12-24 13:47 | Report Abuse

Wait till the Asia Pacific drilling campaign rampen and their monorail business materilaised in 2013... Then we'll see it rose up to highs...im just letting my money in the company even i see reds now...theres silver lining ahead!

Posted by Matsaham Mashuk > 2012-12-24 15:48 | Report Abuse

Hmm..selling pressure.buy on weakness..smile--)

Posted by Ng Kai Yau > 2012-12-24 16:55 | Report Abuse

No worry rocket, you still got profit and you have choice to unload. 180 mil new share listing, what you want expect

Posted by lynncly > 2012-12-24 18:39 | Report Abuse

http://klse.i3investor.com/servlets/anpth/874852.jsp

Posted by KC Loh > 2012-12-24 18:55 | Report Abuse

hahaha... Philip Siew no longer substantial shareholder as per 29C! less than 5% already!

Posted by KC Loh > 2012-12-24 18:56 | Report Abuse

next should be Abu then! hopefully weekend negotiation done! if not will stay this level of 35 sens for a while! :)

Posted by lynncly > 2012-12-24 19:15 | Report Abuse

hi kc.. hopefully can clear the sky soonest and good news coming along.. :)

Posted by KC Loh > 2012-12-24 19:19 | Report Abuse

dont be surprise Siew sells and Abu buys, and they wished Shah a merry Christmas!

Posted by jumbo > 2012-12-24 19:51 | Report Abuse

Jumbo thinks Everybody believes Shah is soh chai becoz under him scomi made little headways apart from political connected one.

Posted by rocket > 2012-12-24 20:35 | Report Abuse

a soh cai wont be able to convivce IJM to come in.. he is a tiger who pretend to be a sheep:)

Posted by rocket > 2012-12-24 20:37 | Report Abuse

one thing i dont understand.. why noboby buy from open market ?

Posted by trader66 > 2012-12-24 23:36 | Report Abuse

Already dropped to a bottom low for the 3 mths with its implication of call-off deal for Scomi-IJM. However, believe the game is not over. In reality, they may be a short term technical rebound. Buy on weakness, may expect 5-10% gain

Posted by Risk Trader > 2012-12-24 23:48 | Report Abuse

Is time buy now.....very low already

Posted by trader66 > 2012-12-24 23:53 | Report Abuse

Maybank recent research : Scomi: Tracking KL monorail system. Scomi Engineering Bhd plans to take the government-owned Kuala Lumpur monorail system private and expand the services to Bandar Sunway, in a deal that could be worth over MYR3b. (Source: Business Times)

Posted by jumbo > 2012-12-25 00:06 | Report Abuse

Only soh chai holding helm so long without headway....if soh chai and camel didn't fall out would ijm , Abu and Siew come in?

Posted by Frank Soweto > 2012-12-25 00:08 | Report Abuse

wish all Merry Xmas and a Happy Prosperous New Year and be safe when travelling :)Cheers

Posted by jumbo > 2012-12-25 00:09 | Report Abuse

Jumbo Christmas and new year to franko too

Posted by Frank Soweto > 2012-12-25 00:14 | Report Abuse

hehe yaya to you to Jumbo for Jumbo profits :)

Posted by babystocker > 2012-12-26 08:20 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1157437

anyone is aware of this and can share what is this has impact on the share? tq.

Posted by djhchew > 2012-12-26 19:44 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1157677

Posted by trader66 > 2012-12-26 23:57 | Report Abuse

SCOMI, which is bidding for several monorail projects in India, expects to deliver all the four-car train sets for the Mumbai monorail by June next year.

The group is manufacturing 15 sets of third generation four-car trains for the Mumbai monorail at its plant in Rawang, Selangor. It has so far delivered six sets.

"We have two more sets at the Rawang plant, ready for delivery. Between now and June next year, we hope to deliver the rest," said Scomi group chief operating officer of transport solutions, Kanesan Veluppillai.

Kanesan said the major accomplishment for Scomi for the Mumbai monorail was the successful testing of the four-car trains at 80kph, a feat that was never done before with its existing monorail cars.

"We are proud as these high-speed monorail cars were built and tested in Malaysia, dismantled, shipped to Mumbai and re-assembled. It reflects not only the ability of Scomi as a group but the people involved in the project," he said during a visit to the project site.

Kanesan said another accomplishment for Scomi was the successful integration of the car system, communication, signalling, electrical and civil system interface.

Scomi is not only building the trains but is also involved in designing the entire monorail system according to the client's specifications.

"Seeing the trains run on the tracks here (Mumbai) is a major milestone for us. This is a Malaysian-made product and today, we are recognised globally because of the technology we put behind in implementing the system," Kanesan said.

Scomi won the US$527 million (RM1.6 billion) monorail project in the Mumbai Metropolitan Region with its consortium partner Larsen & Toubro (L&T) Ltd, in November 2008. Scomi has a 49 per cent stake in the consortium with L&T holding the rest.

The Mumbai monorail is the first such project in India, which is planning new lines across the nation.

The project, which comprises Line 1 (8.9km) and Line 2 (10.7km), is being implemented on a build, operate and transfer basis (BOT) for at least 30 years.

Line 1 of the Mumbai monorail from Wadala to Chembur has been completed. It is expected to commence operation in February next year.

Line 2, from Wadala to Jacob Circle, will start operations a year later, Kanesan said.

Scomi's India unit, Urban Transit Pte Ltd, will be in charge of the operations and management of the full completion of the project for a duration of six years.

The group has about 100 personnel, including 15 who are Malaysians, trained in all aspects from operations control, depot and rolling stock maintenance, and OEM (original equipment manufacturer).

Read more: Scomi trains to run in Mumbai http://www.btimes.com.my/Current_News/BTIMES/articles/mubai/Article/index_html#ixzz2GAr4WwXc

Posted by trader66 > 2012-12-27 00:02 | Report Abuse

***** It should be a great news. Expect to be rebounded with a target price of 60 cents soon. Indeed, there is a news in business times dd 26.12.12.

WELL DONE: Mustapa lauds company for excellent job on Mumbai monorail project


INTERNATIONAL Trade and Industry Minister Datuk Seri Mustapa Mohamed yesterday commended Scomi for its excellent US$527 million (RM1.6 billion) monorail project here.

This signals the growing acceptance of Malaysian-made brand overseas, which augurs well for the country, he said after a briefing by Scomi International president Kanesan Velupillai.

Also on hand to welcome the minister were Scomi Group chief executive officer Shah Hakim Zain and staff of the local set-up.

Mustapa also test-drove a section of the Chembur to Wadala route.

Scomi is accelerating its continued growth as a world-leading manufacturer of innovative transportation solutions especially in monorail systems and focusing on emerging markets such as India, Brazil, Sri Lanka, Bangladesh, Thailand and the Middle East. Indonesia is set to be next on its expansion plan.

The company is also pursuing opportunities in leading cities such as Delhi, Chennai and Bengaluru in the Indian sub-continent.

Kanesan also said the fact that Malaysian-made cars from Rawang, Selangor, will be plying here shows Scomi's capabilities in competing against its competitors, namely Hitachi and Bombardier.

Scomi and its consortium partner, Larsen & Toubro, secured the Mumbai monorail project from the Mumbai Metropolitan Region Development Authority (MMRDA) in November 2008. The Malaysian company will be delivering 60 cars to make up 15 sets of four-car trains carrying 600 passengers on each set. This will alleviate the chronic traffic situation in Greater Mumbai, which has a population of 18 million people.

The project would have been due for completion this year if not for the terrorist attack in May 2009. The project, which can save 200 tonnes of carbon dioxide a day, is now scheduled to be opened next year.

Read more: Scomi does Malaysia proud http://www.btimes.com.my/Current_News/BTIMES/articles/skmani/Article/#ixzz2GAoqvbe5
26/12/2012

Posted by rocket > 2012-12-27 10:37 | Report Abuse

Thank Trader66 for the sharing .. Hope Scomi will make all the shareholders proud as well :)

Posted by lynncly > 2012-12-27 17:38 | Report Abuse

http://klse.i3investor.com/servlets/anpth/875313.jsp
http://klse.i3investor.com/servlets/anpth/875314.jsp

Posted by trader66 > 2012-12-27 20:58 | Report Abuse

It seems director exercising its right over ICUL. Believe the company is doing well. Thus may consider stake in this counter while it is trading sideway

Posted by Zamri b Ahmad > 2012-12-28 15:40 | Report Abuse

http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=45745:ijms-entry-into-scomi-raises-eyebrows&Itemid=3

Posted by KC Loh > 2012-12-28 15:45 | Report Abuse

prolonged is a the right word Zamri. and thanks for the article!

wake up Shah, give them what they want and get on with business! the EGM doesn't remove the cancer cells! they want something from the MOF and eventual share hike, just give it to them la! no big deal, with billions still coming in from Scomien soon! *hint, hint* hehehe

Posted by Zamri b Ahmad > 2012-12-28 16:02 | Report Abuse

No more Friday counter for Scomi ....

Posted by passerby > 2012-12-28 17:36 | Report Abuse

need more smoke, where are the smoke makers ? :)

kcloh give the smoke makers what they want and let them start the fire! i want my new year present :) lol

Posted by rocket > 2012-12-28 17:47 | Report Abuse

i'm looking for a medium to long term invesment on this counter.. but with this endless power tussle n lately the ICUL excercising, it actually confuse me whether i hv make a good choice or not. suddenly so many shares issued to director despite not a very good company performance,is it fair to us a an investor?how many more shares can they issue?
to Zamri, thank you for your sharing .just hope that this will over and IJM can come in.

Posted by KC Loh > 2012-12-28 21:41 | Report Abuse

Passerby, me small timer here only. Just few thousand lots and not as big as the directors! Scomi already almost 70% gain, don't really bother la what the monkeys do! I can wait and hopefully next year's predicted bull will take over! Hehehe