Posted by KC Loh > 2012-12-29 00:40 | Report Abuse

why delete the last post, rocket? just continue with the insinuation! i am ok! :)

Posted by KC Loh > 2012-12-29 00:48 | Report Abuse

70% to 300% gain is far right, rocket?

Posted by rocket > 2012-12-29 09:35 | Report Abuse

Sorry KC, just itchy finger only:) after that think think think , better don't tunjuk pandai pandai lah :)

Posted by trader66 > 2012-12-29 15:21 | Report Abuse

Scomi may rebound if it can close above the two-day high of RM0.36. A purchase can be made if this happens, with a close below RM0.345 as a stop-loss. The price target is RM0.45, should the recent high of RM0.40 be broken. Failure to surpass RM0.36 could see the stock trend lower, with supports expected at RM0.325 and RM0.30.

Posted by trader66 > 2012-12-29 15:25 | Report Abuse

Business Times DD 28.12.12
IJM Corp Bhd, one of the country's biggest construction companies, has a reputation of being a value buyer, snapping interest in several rival companies. Yet, IJM's entry into Scomi Group Bhd has raised eyebrows.
This is given that IJM could be stepping into a very messy and prolonged battle to control the company.
IJM's purchase of a stake in Scomi is unlike its takeover of Road Builders Bhd and Kumpulan Europlus Bhd.
Both investments have reaped dividends for IJM, hence helping build its reputation as a value buyer.
In Scomi, there could be potential minefields lurking around the corner, although thus far, all the substantial shareholders have been very cordial with each other.
There has been no moves to gain control of the board.
The emergence of so many new shareholders, however, points to something bigger than control of the board: A move to gain control of the shareholding of the company, perhaps.
IJM currently owns about eight per cent of Scomi, while the other new shareholders in the company - Tan Sri Abu Sahid Mohamed and parties aligned to him - control slightly more than that.
Abu Sahid reportedly opposed a deal to issue some RM110 million renewable convertible bonds to IJM.
The deal will see IJM emerging as the single largest investor in Scomi.
The Securities Commission approved the deal early this month. The approval has laid the track for a potential bitter corporate tussle.
But before that happens, IJM will have to get Scomi shareholders to vote in favour of the bonds issue at a special shareholders meeting.
The catch here is IJM will not be able to vote at the meeting as it is an interested party in the deal.
With its hands tied, the extraordinary general meeting to be held in 2013, will see IJM banking on good sense prevailing among the retail shareholders.
Retail shareholders, just like any other type of shareholders, not only expect the company to be run professionally. They also expect to see improvements in the share price.
For them to see the value in supporting IJM's interest, the onus is with IJM itself to start talking the talk.
Thus far, the research community feels that IJM sees Scomi's interest in the oil and gas business as a long and sustainable business, and that IJM itself could use it own construction expertise to help turn Scomi into an integrated oil and gas player.
Scomi is one of only four firms in the world that supply drilling fluids services. The others are international players, such as Baker Hughes, Schlumberger and Halliburton.
There is room for growth as Scomi's global share of the US$5 billion (RM15.35 billion) market is only at seven per cent. Nevertheless, it provides an opportunity for Scomi to expand into larger integrated oil and gas project, which has long-term recurring income.
Scomi's oil and gas division has an order book of about US$650 million and it is expected to rise further in the coming months.
As it had previously been involved in the oil and gas sector, IJM might still know thing or two about the sector.
IJM's previous exposure to the oil and gas industry was via fabricator, Torsco Sdn Bhd, which owned a fabrication yard in Lumut, Perak.
IJM sold Torsco Kencana Petroleum in August 2007 for RM75 million.
IJM also previously held a stake in a subsidiary of Eversendai Corp before hiving it off prior to Eversendai's listing last year.
Then, of course, there is the rail transport business of Scomi.
Today, Scomi is seen as one of the world's top monorail makers in the world. The company has contracts running into the billions of dollar in India and Brazil.
There is no doubt that IJM can add value and synergy to the rail transport business of Scomi, by marketing Scomi's expertise under the IJM banner, which has more mileage in the development sector here and abroad.
The planned investment into Scomi, however, is not a one-way traffic.
IJM's RM140 odd million gambit on Scomi, if successful, could just be the bounty that helps IJM itself as a company grow to the next level in the global market place.

Posted by Risk Trader > 2012-12-29 15:43 | Report Abuse

Scomi will become best performance stock for year 2013....better buy at current price

Posted by trader66 > 2012-12-29 16:04 | Report Abuse

Concurred to your view - risk trader as it was commented by a renowned fund mgr (Spore) of their view of Scomi's performance in view of its vast exposure in recent monorail project in India, Mynmar and coming one may be Indonesia. Thus. suggest to buy now which believe of impressive performance in 2013.

Posted by Risk Trader > 2012-12-29 21:27 | Report Abuse

If u have extra money better dam to all into Scomi....look better performance and return next year....

Posted by sheridansulik > 2012-12-29 21:39 | Report Abuse

When the o&g drilling campaigns rampen next year, Scomi will be busy supplying drilling muds

Posted by littleshark > 2012-12-29 22:13 | Report Abuse

Alright still holding on eventhough it drops this few days. Hope to get my bonus in year 2013

Posted by amywo > 2012-12-30 09:51 | Report Abuse

I am also holding now. But, it seems a bit riskier as the 13th election is coming soon.

Posted by trader66 > 2012-12-30 20:43 | Report Abuse

Overall, it is good opportunity to buy as IJM will eventually be a major shareholder.

Posted by Risk Trader > 2012-12-30 22:24 | Report Abuse

Not all counter will be effect for coming election.....maybe for FGV, MRCB and other GLC linked counter only

Posted by trader66 > 2012-12-30 22:39 | Report Abuse

Agreed as Scomi has proven its capabilities with billion of projects in hand for its ASIA countries penetration such as India, Myanmar and finalising for Indonesia. Suggest to buy and hold for a good rebound soon

Posted by rocket > 2012-12-31 10:16 | Report Abuse

is Scomi participating any upcoming monorail or LRT project in Malaysia?

Posted by rocket > 2013-01-01 00:54 | Report Abuse

all my scomi mate ...happy new year and hope that this new year our scomi will bring us huat huat huat :)

Posted by jumbo > 2013-01-01 01:52 | Report Abuse

Jumbo Greetings to 2013...Wishing everyone well including KClow.....MAY PEACE BE UPON ALL AND WEALTH BE PART OF OUR GROWTH!

Posted by passerby > 2013-01-01 08:29 | Report Abuse

kikikiki, happy new year

under look see look see mode :)

Posted by KC Loh > 2013-01-01 19:49 | Report Abuse

happy new year jumbo :)

Posted by djhchew > 2013-01-01 20:19 | Report Abuse

Happy New Year guys! 8)

Posted by lynncly > 2013-01-01 21:01 | Report Abuse

Hi all... Happy New Year !

djhchew... Happy New Year to guys only ? :)

Posted by djhchew > 2013-01-01 21:12 | Report Abuse

Oooo.. Happy New Year guys and gals! 8D

Posted by lynncly > 2013-01-01 21:15 | Report Abuse

hehehe... thank u ! :)

Posted by djhchew > 2013-01-01 21:22 | Report Abuse

Not at all.. Let's hope SGB unlocks this .35 soon.. 8)

Posted by lynncly > 2013-01-01 21:32 | Report Abuse

we all know that it will... soon !!! right ???
what does the chart tell for tomorrow ?

Posted by KC Loh > 2013-01-01 21:59 | Report Abuse

if the garbage tussle is solved, 60 sens easy! :)

Posted by djhchew > 2013-01-01 22:03 | Report Abuse

It will definitely.. but don't when..

The only positive here is the Rate of Change which is pointing upwards indicating an upward trend soon consistent with the price vs volume which are down-trending indicating a Bull.

RSI and MFI both are downtrending indicating a trend change.

Stochastic %D is at 11.1% <20%; >20% indicates a rebound.

8)

Posted by lynncly > 2013-01-01 22:05 | Report Abuse

kc.. do u think they will drag long? the MOF contract can drag so long not awarded ??? unless.. hmmm :)

Posted by lynncly > 2013-01-01 22:10 | Report Abuse

thank u chew.. :)

Posted by Ching Yin Carrot Loh > 2013-01-01 23:45 | Report Abuse

Happy new year folks
I'm the last lol
Btw,kc mum,bowling ballfullwith power ad?hehehe

Posted by lonelyreload > 2013-01-02 01:06 |

Post removed.Why?

Posted by KC Loh > 2013-01-02 01:21 | Report Abuse

i heard its January or early Feb before they considering the award again! almost same time as EGM! but dont quote me!

Posted by Ng Kai Yau > 2013-01-02 05:06 | Report Abuse

http://www.btimes.com.my/Current_News/BTIMES/articles/20130101234334/Article/index_html

Posted by rocket > 2013-01-02 10:05 | Report Abuse

i thought after the warrant excercising, it should be the end of this power tussle?when is the EGM?Sien!!!!

Posted by passerby > 2013-01-02 10:13 | Report Abuse

lol lynncly & djhchew :)

folks, you all got notice kcloh only wishes his "lover" happy new year only ! :) lol

Posted by pathew > 2013-01-02 10:23 | Report Abuse

Happy New Year guys!
hope the new year brings about a new start and new found wealth to everyone here :)

Posted by passerby > 2013-01-02 10:58 | Report Abuse

http://klse.i3investor.com/servlets/fdnews/215041.jsp

Shah got 51% voting right already wor in the report

Posted by sheridansulik > 2013-01-02 11:04 | Report Abuse

Seems to be good news for scomi and IJM

Posted by pathew > 2013-01-02 11:05 | Report Abuse

nice sharing passerby...
so EGM will be a formality I suppose.

Abu and Co has probably reached a settlement with Shah:)

Posted by lonelyreload > 2013-01-02 12:07 | Report Abuse

faster chiong gah Scomi~

Posted by pathew > 2013-01-02 12:10 | Report Abuse

strong buying interest seen in the > 1000 lot category
what are you guys waiting for?

Posted by potenza10 > 2013-01-02 12:13 | Report Abuse

scomi flight in place already?

Posted by pathew > 2013-01-02 12:16 | Report Abuse

see 2nd half of today... it does bode well if big boys start buying

Posted by banana86 > 2013-01-02 13:34 | Report Abuse

wats d TP ?? stil cheap to enter now?

Posted by Ng Kai Yau > 2013-01-02 14:18 | Report Abuse

51% or 15% ???? Big question mark

Posted by sheridansulik > 2013-01-02 14:20 | Report Abuse

Huge Q up at 36sens now.. 51% voting rights will surely gets IJM into Scomi

Posted by potenza10 > 2013-01-02 14:23 | Report Abuse

definitely cheap after considering their book order!

Posted by sheridansulik > 2013-01-02 14:25 | Report Abuse

Their news was aired on Buletin 1.30 just now.. expect fireworks soon

Posted by pathew > 2013-01-02 14:32 | Report Abuse

sheridan, what's the SCOMI news about?
commenting that Shah has 51% majority?

Posted by sheridansulik > 2013-01-02 14:44 | Report Abuse

yes and IJM will need the YES voting for entry into Scomi, holds 25% of Scomi in form of debts...so, if Shah Hakim got 51% voting says yes, of course laaa deal is on!