Posted by ymtan > 2014-10-03 09:53 | Report Abuse

Will budget 2015 going to touch on HSR project ??

Posted by DaitoRyu > 2014-10-03 12:48 | Report Abuse

SCOMI ENERGY SERVICES BHD

By Hong Leong Investment Bank

Overweight

Target price: RM1.23

ACCORDING to Hong Leong Investment Bank (HLIB), Scomi Energy Services Bhd (SES) is actively expanding its team on integrated project management, by building up its integrated capability that include drilling management, sub surface, production, facilities management and operation and maintenance.

It said SES could handle projects from marginal, brownfield and enhanced oil recovery which presented enormous opportunity. The potential markets are Malaysia, Indonesia and Myanmar.

It was confident that SES would secure more risk-sharing contracts and venture into brownfield or enhanced oil recovery businesses in the near future.

On SES’s Ophir marginal field, it said the company mobilising works were on track with drilling expected to start in mid-2015 and scheduled to hit oil by end-2015.

HLIB said SES’ first quarter financial year 2015 (FY15) results report noted that drilling activities in Malaysia had picking up with rig counts increased from four rigs in June 14 to six rigs in Sept 14 and were expected to hit 12 rigs by end of financial year 2015 (FY15).

HLIB saw multiple growth catalysts in SES due to potential expanding orderbook from RM5.5bil to RM7bil. It saw potential upside risks to its earnings forecast at a three-year compound annual growth rate of 50% with price-earnings ratio to fall to only seven times in calendar year 2016.

http://www.thestar.com.my/Business/Business-News/2014/10/03/Hold-call-on-Axiata/

Published: Friday October 3, 2014 MYT 12:00:00 AM
Updated: Friday October 3, 2014 MYT 7:30:26 AM

Posted by beLIEve > 2014-10-03 12:55 | Report Abuse

bro ymtan : Budget is about income and expense, so I don't think it will touch anything about HSR. It's currently at feasibility study stage, maybe next year's budget will touch. Maybe can hope for a few more monorails?

bro DaitoRyu : Harga minyak hari hari jatuh loh

Posted by pang123 > 2014-10-03 18:23 | Report Abuse

LOL. Shah Hakim sold his shares..... But no via open market. It would means a new investor has just came on board. He sold it at 0.375 sen. I'm guessing he is desperate for someone influential to come and help Scomi. Would be eagerly await to see who is the new investor.

Posted by koi koh > 2014-10-03 21:37 | Report Abuse

Good, new investor is in

Posted by beLIEve > 2014-10-04 08:24 | Report Abuse

bro pang, that's less than 5%. we wont know who but we can hope it'll trigger some speculation, especially if he sells more after that

Posted by beLIEve > 2014-10-04 11:25 | Report Abuse

After some further thoughts, it means both Shah Hakim and buyer values Scomi at 37.5 cents. For such low volume, buyer can easily buy from the open market, but did not. So we should be very lucky if it doesn't drop when market opens.

Maybe he's selling to raise money to goto Hawaii?

Posted by pang123 > 2014-10-04 12:23 | Report Abuse

When sell in bulk usually would be at a discount. Unless is take over offer. Same goes to std chartered when they sold to quek and the team. It wasnt really the value. Is about the benefit. Knowing new investor would help to drive the share price up, I would have done the same.

Posted by hooi > 2014-10-07 09:35 | Report Abuse

Bought Scomi at 0.395

Posted by hooi > 2014-10-08 09:05 | Report Abuse

Bought Scomi at 0.385 & 0.390

Posted by shao1983 > 2014-10-08 09:10 | Report Abuse

still can buy?

Posted by feifun > 2014-10-08 09:11 | Report Abuse

if u think the fundamental is strong, buy when people sell

Posted by hooi > 2014-10-08 09:13 | Report Abuse

Bought Scomi at 0.380

Posted by beLIEve > 2014-10-08 10:03 | Report Abuse

If no support it should go below the married price

Posted by hooi > 2014-10-08 10:07 | Report Abuse

Bought Scomi at 0.375

Posted by bukitaman > 2014-10-08 10:36 | Report Abuse

Disposed all Scomi..... huge losses.

Posted by amirrazak > 2014-10-08 11:22 | Report Abuse

then we buy hehehe

Posted by beLIEve > 2014-10-08 12:21 | Report Abuse

I should've listened to the Master and sell everything end of Sept. Can buy back now and save 3 cents

Posted by ww_guy > 2014-10-08 12:41 | Report Abuse

hooi, why you keep buying scomi?

Posted by ww_guy > 2014-10-08 12:42 | Report Abuse

i regret bought yesterday at 0.395, should wait or today to buy it

Posted by hooi > 2014-10-08 14:04 | Report Abuse

Deeply undervalued!

Posted by shipcapt > 2014-10-08 15:18 | Report Abuse

waiting for 0.30

Posted by hooi > 2014-10-08 15:35 | Report Abuse

Bought Scomi at 0.370

Posted by beLIEve > 2014-10-08 16:19 | Report Abuse

I think can start buying at the marry price and all the way down. Personally I'm not buying more, already enough loss :)

Posted by InfiniteStratos > 2014-10-08 18:36 | Report Abuse

Panic sell? Collected quite a lot today.

Posted by InfiniteStratos > 2014-10-09 08:16 | Report Abuse

DJ rebound, crude oil rebound, pre budget day, overselling or stocks previous days, today rally expected..

Posted by beLIEve > 2014-10-09 10:17 | Report Abuse

Yes bro. Since you collected a lot of eggs yesterday, you should've made a lot today. Congratulations if you did not placed them all in 1 basket

Posted by pang123 > 2014-10-09 18:00 | Report Abuse

All eyes on tomorrow budget. Also oil price wont recover till end of Nov when the OPEC meet.

Posted by hooi > 2014-10-10 09:18 | Report Abuse

Bought Scomi at 0.365

Posted by kensen > 2014-10-10 09:44 | Report Abuse

Lol, what a funny little stock. When market sentiment went up, their movement stagnant and when market on downtrend they went down. It seem like they only correlated with downtrend.

Posted by shipcapt > 2014-10-10 09:58 | Report Abuse

RM0.30

Posted by kensen > 2014-10-10 10:09 | Report Abuse

But I still believe Scomi is something that we can look in future. At least they have the best of both world (Engineering and oil & gas sectors). At least, they can diversify their businesses. Even their trailing PE starting to show some lower double digit figures.

Posted by pang123 > 2014-10-10 18:51 | Report Abuse

No mention of hsr projects. Looking doomed

Posted by ymtan > 2014-10-11 08:20 | Report Abuse

Got mentioned the 2nd and 3rd link of lrt ..

Posted by pang123 > 2014-10-11 08:27 | Report Abuse

2nd and 3rd link of lrt, don't think Scomi has any chance on it. Probably don't have the expertise in it. Only on monorail.

Posted by ymtan > 2014-10-11 09:02 | Report Abuse

Good morning. Pang..u wake up so early .. well, I would said most probably it wilk be a jv project with oversea expertise .. do u think we have expertise in HSR meh..

Posted by GorengAyam > 2014-10-12 11:10 | Report Abuse

Good time to slowly accumulate again for Chinese New Year Ang Pow.....

Posted by hooi > 2014-10-13 11:01 | Report Abuse

Bought Scomi at 0.360

Posted by kensen > 2014-10-13 12:00 | Report Abuse

Hahaa. Hooi!! U sure u buying or not. Or u are playing via virtual money in the new online trading game by Kenanga.

Posted by kensen > 2014-10-13 12:03 | Report Abuse

Cause is sound peculiar cause every tick down, u will buy.

Posted by shipcapt > 2014-10-13 13:23 | Report Abuse

waiting 0.30

Posted by hooi > 2014-10-13 14:09 | Report Abuse

My cash level is high > 70%

Posted by hooi > 2014-10-13 14:35 | Report Abuse

Bought Scomi at 0.355

Posted by sexygirl > 2014-10-13 14:58 | Report Abuse

Hooi, hahaha I suggest u keep all ur money n buy all at 0.30! No need to buy partially at every price! End of October can get <0.33

Posted by spritzz > 2014-10-13 15:49 | Report Abuse

omg.. I got caught at 0.405 and 0.355... big loss

Posted by spritzz > 2014-10-13 15:50 | Report Abuse

why there is no support level ....

Posted by hooi > 2014-10-13 15:51 | Report Abuse

I don't have crystal ball, bought Scomi at 0.350

Posted by hooi > 2014-10-13 16:14 | Report Abuse

Bought Scomi at 0.345

Posted by tiennhieu > 2014-10-13 16:36 | Report Abuse

base on hooi constant buying, he will soon become the big share holder of Scomi, keep on Hooi, we support you.

Posted by coolman88 > 2014-10-13 16:40 | Report Abuse

sunny tan : tat is old news, but this counter really bad. When market sentiment went up, their movement stagnant and when market on downtrend they went down. so better dun touch such counter now, market is unstable and need time to recover back! i thought end of this month only ll go down to 0.33, today already drop 0.025 now is 0.345 so near, no support level at all ! terrible luckily i cut loss at 0.40!