The company is also involved in the bidding for one of the RSC field. We conservatively do not include the potential award in our forecasts. To note, if SES wins the RSC, our target price will be raised from RM1.02 to RM1.18. Currently, Scomi Group is trading at 48% discount to its SOP of RM0.86. By pegging at 20% holding company discount, we derive a fair value for Scomi Group of RM0.70 (provides 66% upside from current price). Hence, it is a cheaper proxy to SES.
Source: Hong Leong Investment Bank Research - 5 Mar 2014
now the price is only RM0.47? still damn cheap guys!
when u guys see the share key in bid (buy) less than ask(sell) the share price will going up.for example today key in buyer only 4000lot but seller key in 9000lot.tq
then i really am surprised you bought only 2000 share thats speak volume of your confidence ....... they will be awarded one of the marginal fields thats for sure only whether they can get a large slice of the mega projects ..... we have to wait won't we.
Guys... question: Scomi dont have any business but just the holding company for SES and SEN, right? That's the reason why SES is flying but not Scomi. Yes, Scomi is the largest holder of SES and the value should rise according to SES. But why wanna goreng Scomi? Unless big fat dividend payout every year or someone wanna take control of SES, else why investor or banker wanna buy up scomi? Quek also buy SES not scomi.
Can anyone give comment? Just curious... I vested in scomi 0.465. Then suddenly above questions arise.
well, many co in klse also trading below NTA... Just dont see any solid reason to goreng Scomi... It's mother, IJM also plenty of money, no need to goreng scomi to make money...
just curious. but i have profited few rounds on scomi also.. haha
yesterday 46-485. today 465 buy again... hope can run at 48
previous round 375 out 485 also.. haha...
old one cannot remember dy... Scomi Marine until SES also few rounds..
Simply like the Scomi family... except SEN, havent earn yet..
KUALA LUMPUR: The oil and gas sector is to emerge as the "rising star" and significantly drive the Malaysian economy forward this year, Prime Minister Datuk Seri Najib Razak said today.
He said the expectation was based on the number of oil and gas projects that would be awarded when the massive RM61 billion Refinery and Petrochemicals Integrated Development (RAPID) project in Pengerang, Johor, gets off the ground by year-end.
"This will have a major impact on the economy. I'm also hoping for some recovery in other commodity prices as well this year.
"I think the commodity (crude palm oil) price, according to a recent forecast made at the just-ended Palm Oil and Lauric Conference, is also expected to spiral.
"CPO prices will hover between RM2,500 and RM3,000 per tonne in the near-term," he said, adding that if the price of the golden crop were to reach RM3,000 per tonne, the commodity's performance and that the industry would be far better," he said. -- Bernama
Dear Malaysia traders and investors, Im an University undergraduate and would like to ask for your help for spending 5-10 mins to fill up my final year dissertation survey related to social media and financial decision making.
In return, you would get two ebooks on "high probability trading" and " The intelligent investor" plus one bonus audio version of "The intelligent investor" at the end of survey session with an attached dropbox link. Hope you guys benefit from the knowledge sharing.
I greatly appreciate it. *This survey is not meant for any commercial or market research but only for educational purpose and academic research only.
Hi chang21, you seems to know a lot on Scomi activities. .. mind if I ask if it's wise to go into Scomien as well since the price looked to hit rock bottom and usually all Scomi subsidiaries moves almost at the same time. .. Thanks
Havent have the time to go indepth into Scomien but things are happening that will benefit Scomi· Caught my eye last year with Abu Sahid bought in a big way· What can go wrong with Scomi all ready hit rock bottom and my source telling me that good things are coming this year· Just have to be patient·
Don't believe everything you read here. Scomi is going up in the next few weeks thats for sure, how much I will not say, but I will not say too much because the punters are also reading this blog. Hold and dont let them influence your decision.
alexander Singapore I am not leaving the boat just yet comes 31 March I have earn my FD and the next 3 months will be my bonus. Minimum will be 60 cents by then...... Hehehe.
tomorrow i buy some more ............ cheap sale for those buying ..... sure make money if you buy now.
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Posted by Hotrod > 2014-03-07 11:52 | Report Abuse
Scomi will be the next IRIS and KNM. Stay tuned.