PCinvestor: that is old news dated 1/8, d news didn't bring up scomi in September , now is october somemore with unstable market u think it ll bring up scomi? Need more time to recover now
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.
Thanks for posting so many news but outdated news! Agreed with u tat scomi is a good FA company but it needmore time to rise! I ll wait at 0.30 confident to get d price!
hooi, everytime you are very good in a counter, i follow you and earn little previously....this time i follow in Scomi since 0.395, now paperloss util cirit-birit....now market is very bad, why you still keep buying?
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 514 views | 3 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 12696 views | 11 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
shipcapt
303 posts
Posted by shipcapt > 2014-10-13 16:44 | Report Abuse
someone told support level is RM0.33 ;-)