from what i see, Scomien is at basement price already. already the Mumbai project will end at 2H14, so that is a big payday next year. Bangalore in place. also the Chennai one, i think its a two horse race, and Scomien group is pretty much in the driving seat. Again, this is for 2014. I see in all probability the Scomi International unit will be listed in Bombay stock exchange if they get Chennai as well as they are still hunting in Delhi, Kerala and other 2nd tier areas in India! Brazil payday will be coming also next year, right before the World cup, so 1H14 payday.
but the biggest selling point for me is what IJM is seeing. they were interested in West Asia infrastructure and construction work in the first place. They made it very plain that Scomies were a bonus as they have one leg in the lucrative O&G sector.
So if you are an investor, are you optimistic about the Scomi group? i think just a matter of time. Remember that Abu & Co also said, grossly undervalued! :)
during the AGM, the CEO mentioned also that they are entitled to claim for delays in Mumbai. So might turn around, and perhaps time to re -look into Scomi engineering.
Bad Bad BAD... lets look at the prospect of love in India. But honestly speaking, if I am Indian, I would have given big "fei jhu yok" (Chinese version of American big cheesecake) to my own people lar..
Lets see whether its a one day show or breaking dawn. The price was at its low for few months until the "gate keeper" has forgotten his job. Hope he has retired and open the gate already.
i went into this counter at 37 sen two days ago. I think got potential to go up to 50 sen over next 12 months when they gradually convert their order book to profit
buyer volume coming back both scomi & scomies. high probable awarded an RSC contract after earlier fluff by Petronas last year on the two highly prized ones.
2683- Scomi TP 0.88 is not TP from Chart reading it was TP set up by Business Fundamental Valuation by Stock analyst, This is The type of Stock FA people looking for, TA Trader will follow if the Chart Patern, Volume or Momentum is Right For me since my buying Price is arround 0.355 - 0.365 i dont mind wait till it touch 0.40 and above.
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ladahitam
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Posted by ladahitam > 2013-10-03 12:42 | Report Abuse
howdy Sir Loh? Should we stock up as well? Share your thoughts.....