Posted by Vin Tan > 2014-11-26 18:07 | Report Abuse

Oil price will drop if everybody keeps on pumping, as is what happens now as no producer is willing to lose market share. If no cut in production is effected, then there will be industry activity at lease maintained at current state , which means there will still be contracts for those involved in the supporting business . Why the big drop in price if there will still be drilling activity .Kind of ironic , isn't ?

Posted by kensen > 2014-11-26 18:10 | Report Abuse

Yes, agreed.. That is why i can say that is not easy to understand Scomi.
And it seem like no matter how good the news, there will always be a gate keeper to stop from flying..

Posted by mikeann > 2014-11-26 18:50 | Report Abuse

I observed today the selling is drying up. Share grossly oversold. Profitable. The share should rebound by Friday.

Posted by scottybang > 2014-11-26 22:23 | Report Abuse

dude u muz be kidding me. i juz saw a lot of seller as they are queing at 0.285 like no tomorrow. With good fundamental and dropping is juz gross..i cant understand at all. but anyway i hope u r right which rebound soon

Posted by i_investor > 2014-11-27 00:01 | Report Abuse

SCOMI Malaysia terlibat dalam projek baru!

Berita BERNAMA lanjut terkini : http://web10.bernama.com/bernama/v7/bm/bu/newsbusiness.php?id=1088463

See it ?! The price of SCOMI subsidiaries SCOMIEN and SCOMIES still stable.
Only SCOMI price being artificially pushed down, even cheaper than SCOMIEN!

Is a TRAP!!!

It looks like a plan for cheapest entry price and easier to own and control via SCOMI as mother company! Then later the SCOMI price will have leap jump up after substantial accumulation and clearance done!

There will be a very interesting rebound!

Posted by i_investor > 2014-11-27 00:05 | Report Abuse

http://web10.bernama.com/bernama/v7/bm/bu/newsbusiness.php?id=1088463

More news: http://www.kinibiz.com/story/corporate/123979/chennai-monorail-okayed-scomi-wants-in.html

Posted by scottybang > 2014-11-27 11:30 | Report Abuse

again it dropped

Posted by Vin Tan > 2014-11-27 12:21 | Report Abuse

may be the gate keepers have not finished accumulating

Posted by newbird01 > 2014-11-27 12:27 | Report Abuse

even the news for monorial already in paper,the price still dropping...abnormal!!!!!!the wave is coming

Posted by i_investor > 2014-11-27 13:37 | Report Abuse

SCOMI GROUP is in the running for the PDP job...
(not to forget that IJM is the substantial shareholder in SCOMI and PRASARANA has partnered with SCOMI GROUP before, details: https://www.youtube.com/watch?v=MJRIUSohZMw , https://www.youtube.com/watch?v=_NwMkx0tpxU )

Federal Government-owned public transport operator Syarikat Prasarana Negara Bhd (PRASARANA) is keen to participate in the Penang integrated transportation masterplan that is estimated to cost RM27bil.

More details: http://malaysiaretailnews.blogspot.com/2014/07/the-star-prasarana-joins-fray-on.html
27/11/2014 13:35

Posted by i_investor > 2014-11-27 13:49 | Report Abuse

excluding all the above mentioned coming projects, SCOMI order book now has already exceeded RM5.2 billion!

More details: http://mole.my/content/scomi-energy-secures-rm75-million-virginia-indonesia-contract,

http://mole.my/content/successful-tests-mumbai-scomis-four-car-trains ,

and 25 YEARS CONTRACT , http://mole.my/content/scomi-engineering%E2%80%99s-monorail-technology-power-sao-paulo%E2%80%99s-line-18 )

Posted by ww_guy > 2014-11-27 14:04 | Report Abuse

i keep hearing will rebound since 2 months ago..but what is the result? keep dropping and dropping...

Posted by i_investor > 2014-11-27 15:19 | Report Abuse

well, ww_guy , not sure from who you were hearing from since 2 months ago. (perhaps you may check back those discussion trails earlier in this forum.)

Whatever it is, as I have just joined this forum, what I can say to you is that you may just sell out all of your shares in this company and release yourself by buying other company in which you like better :) No one is asking you or forcing you to stay on.

There are thousands of companies you may choose from (and do homework, no gambling) .

Being emotional is pointless and it will bring no benefits but harm yourself.

Just let go if this is not your cup of tea. Life goes on!

Be thankful and calm otherwise you may make wrong decision!

Good day to you and take care :)

Posted by kensen > 2014-11-27 19:45 | Report Abuse

Ww_guy!! Let u know this is a tough stock to play & there is are gate-keepers at different price.

It will only make good return if you can keep it for years. And why you keep hearing rebound, rebound since 2 months cause last time used to have lots over-optimistic guru in this forum that is why you are so disappointed.

Posted by powerwk > 2014-11-27 21:48 | Report Abuse

Look like the project, order book and etc does not make any +ve impact to the stock price. It keep going down trend. I myself not sure now want to go in more :-)

Posted by Tan Yi Hao > 2014-11-28 08:32 | Report Abuse

Sentiment over oil price has been taking precedence

Posted by shipcapt > 2014-11-28 08:52 | Report Abuse

RM0.20 soon....

Posted by scottybang > 2014-11-28 09:05 | Report Abuse

be ready everybody

Posted by hooi > 2014-11-28 09:09 | Report Abuse

Bought Scomi at 0.270

Posted by KaoriChan > 2014-11-28 10:10 | Report Abuse

Heard from BFM news this morning that Scomi was removed the list of Shariah-compliant company. That may be a key reason for the price downturn.

Posted by i_investor > 2014-11-28 11:04 | Report Abuse

With refer to the Counters By Alphabet - S (Shariah Compliant) in BURSA MALAYSIA ONLINE :
http://www.bursamalaysia.com/market/securities/equities/prices/#/?filter=BS01&shariah_compliant=1&page=1&alphabet=S&



It is 7366 SCOMIEN not in Shariah Compliant BUT not 7158 SCOMI. (different counter)

7158 SCOMI is still in Shariah Compliant.


Treatment of Shari’ah Non-Compliant Securities is only applicable for investors who invest based on Shari'ah principles (especially muslim, islamic market).
Details: http://www.bursamalaysia.com/market/islamic-markets/education/treatment-of-shariah-non-compliant-securities/

Nonetheless, investors are allowed to hold their investment in the Shari'ah non-compliant securities if the market price of the said securities is below the original investment costs. It is also permissible to keep the dividends received during the holding period.

Posted by KaoriChan > 2014-11-28 11:40 | Report Abuse

i_investor -> the counters have not yet been updated on Bursa's site. However you can easily check with the Securities Commission, which updates the list (only updated today).

Here's the link:
http://www.sc.com.my/wp-content/uploads/eng/html/icm/sas/sc_syariahcompliant_141128.pdf

Posted by hooi > 2014-11-28 11:50 | Report Abuse

Bought Scomi at 0.265

Posted by shipcapt > 2014-11-28 11:54 | Report Abuse

Hooi: why didnt wait for 0.20

Posted by hooi > 2014-11-28 12:18 | Report Abuse

IJM bought Scomi at 0.330 and 0.365, why IJM didn't wait for 0.20

Posted by shipcapt > 2014-11-28 12:29 | Report Abuse

:-)

Posted by i_investor > 2014-11-28 14:49 | Report Abuse

From the latest qtr result report..
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1800325,' target='_blank'>http://www.bursamalaysia.com/market/listed-companies/company-announcements/1800325, http://www.bursamalaysia.com/market/listed-companies/company-announcements/1800373, http://www.bursamalaysia.com/market/listed-companies/company-announcements/1799985 )

The Total Revenue of SCOMI is RM463,226,000.00 (of which was contributed by SCOMIEN and SCOMIES with RM73,872,000.00 and RM389,354,000.00 respectively.)

The performance of SCOMIEN (has already been being a Syariah non-compliant before this) has been improving a lot and revenue contribution from SCOMIEN has been increasing up to 15.95% .


Overall, we can see
1. The price of SCOMIEN (has already been being a Syariah non-compliant before this) is pretty stable.

2. SCOMI subsidiary SCOMIEN is performing with improved results,

3. plus existing holding of 25 YEARS CONTRACT , http://mole.my/content/scomi-engineering%E2%80%99s-monorail-technology-power-sao-paulo%E2%80%99s-line-18 )

4. and more projects are coming up

SCOMI GROUP is in the running for the PDP job...
(not to forget that IJM is the substantial shareholder in SCOMI and PRASARANA has partnered with SCOMI GROUP before, details: https://www.youtube.com/watch?v=MJRIUSohZMw , https://www.youtube.com/watch?v=_NwMkx0tpxU )

Federal Government-owned public transport operator Syarikat Prasarana Negara Bhd (PRASARANA) is keen to participate in the Penang integrated transportation masterplan that is estimated to cost RM27bil.

More details: http://malaysiaretailnews.blogspot.com/2014/07/the-star-prasarana-joins-fray-on.html

http://web10.bernama.com/bernama/v7/bm/bu/newsbusiness.php?id=1088463

http://www.kinibiz.com/story/corporate/123979/chennai-monorail-okayed-scomi-wants-in.html

http://timesofindia.indiatimes.com/city/lucknow/Pie-in-the-sky-Monorail-from-Noida-to-Agra/articleshow/45264790.cms

http://www.business-standard.com/article/economy-policy/rs-3-267-cr-phase-i-tn-monorail-project-gets-nod-114112000801_1.html

Ghanshyam Sarda Signs Pact For Monorail Project . More details: http://ghanshyamsarda.blogspot.in/2014/11/ghanshyam-sarda-signs-pact-for-monorail.html

The guarantees from the Malaysian government
See more at: http://www.stockmarketwire.com/article/4897795/Graphene-NanoChem-JV-gets-debt-guarantee.html#sthash.gLVrzLLL.dpuf


AND notes from SCOMI report page16 of 20:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1800325

B3. Future prospects

The Group remains optimistic of benefiting from the growth in Oil & Gas exploration &
production activities, specifically in the South East Asia region, and the anticipated increase in
transportation infrastructure projects in Malaysia, Brazil and India.

Oilfield Services Division performance is expected to be positive in financial year 2015.
Indonesia and West Africa are expected to spearhead the growth, supported by other SouthEast
Asian operations, particularly Thailand and Malaysia. The division will focus on growing its
core business while continuously improving efficiency and service quality.

Marine Services Division has been affected by the scale-down of mining activities, where
production output has decreased due to lower coal prices. For the offshore division, the division
is working to improve the fleet utilization and add to its existing fleet via acquisition or
construction. The division continues to rationalize its operations to ensure cost optimization and
improve its profitability.

Transport Solutions Division continues to focus on project execution in its KL and Brazil
monorail projects and will endeavor to complete its portion of work on the Mumbai monorail
project within agreed timelines. Management continues to focus on stringent costs
management whilst taking measures to move the business forward and building up its order
book. Nevertheless, the division will continue to be challenged by project delays which are not
within its control and the volatility of exchange rates.



---------------------------

Posted by vic > 2014-11-28 16:26 | Report Abuse

hopeless, hit 0.26, next week 0.23

Posted by hooi > 2014-11-28 16:31 | Report Abuse

Bought Scomi at 0.260

Posted by scottybang > 2014-11-28 16:31 | Report Abuse

hooi u really good buy like no tomorrow

Posted by tiennhieu > 2014-11-28 16:47 | Report Abuse

looks like hooi is going to become the next new major share holder, good job hooi, I fully support you to become our new captain.

Posted by Tan Yi Hao > 2014-11-28 17:06 | Report Abuse

trait of a good investor

Posted by hooi > 2014-11-28 21:17 | Report Abuse

"For most people, it's the same with everything in life they will be buying-except stocks. When stocks go down and you can get more for your money, people don't like them anymore." ---Warren Buffett

Posted by kensen > 2014-11-29 09:44 | Report Abuse

Haha.. someone are deliberating pushing down this stock
If u said is O&G counter, then why this stock go down so much than Scomies, which is purely O&G. And Scomien is sustaining so well at 39 cents despite they are still not profitable yet.

And if you said, they were removed from Syariah stock. So what? Tabung Haji also is not the shareholder of this Company... So why they even care whether they are Syariah compliant or not...

Posted by vincentlee > 2014-11-29 23:04 | Report Abuse

Wah, drop like hell, can't see price chart anymore

Posted by i_investor > 2014-11-30 09:49 | Report Abuse

Kensen is truly a good and mature investor with good analytical mind and manage to see things with calm and talk with factual data, this is what I have been observing in this SCOMI forum.

1. SCOMI businesses involved in good diversified balancing with monorails and O&G, as I had said earlier, SCOMI subsidiaries SCOMIES (O&G) and SCOMIEN (Monorail) looks stable. So yet why SCOMI do down so much? For sure SCOMI has been pushed down not because of O&G and Syariah Issues, but something else. and apparently is artificially and technical.

2. SCOMI top shareholders and directors are bumiputra muslims Dato Dato + Tan Sri Tan Sri, likewise SCOMI subsidiary SCOMIEN , If it is Syariah Issues, why SCOMIEN is stable? Think about it.

3. There are some other Syariah non-compliant companies in KLSE, why never dropped like hell? Who cares, a good investor is looking at if a company can make money, improving , and/or business and project is coming in, as well as management! SCOMI and SCOMIEN subsidiaries directors are similar related, then why SCOMI pushed down but not SCOMIEN? Think about it.

4. Good investor will look at the fundamentals of company with mature, not emotional (calm) and analytical mind, as well as talk with factual data with good vision.

Posted by PeterNg > 2014-11-30 22:58 | Report Abuse

Anyone can provide the latest quarterly profit % contribute by each sector? how much the O&G contribute to scomi?

Posted by KaoriChan > 2014-12-01 09:20 | Report Abuse

Kinda sad to see some guys being so defensive, when all I did was to correctly point out that Scomi was removed from the Shariah compliant list. Whether you choose to believe it has or has no impact on its stock performance, that's up to you. Of course, shariah-compliance would only be factor to those who are concerned about status when purchasing a counter. Page 14 and 15 of the link I gave previously also clearly spells out what are the measures that can be taken by those funds who have purchased previously shariah-compliant counters. Anyway, I have no intention of wading into an argument with you guys on whether shariah-compliance has an impact on a stock or not, since the general response here is "So what who cares!". Good luck.

P.s. Next support is 25.5 cents. Hope to see a rebound from there.

Posted by scottybang > 2014-12-01 09:22 | Report Abuse

kaori chan u r right

Posted by scottybang > 2014-12-01 09:30 | Report Abuse

so hows now?

Posted by hooi > 2014-12-01 09:31 | Report Abuse

Bought Scomi at 0.255

Posted by scottybang > 2014-12-01 09:36 | Report Abuse

hi hooi wat makes u so eager on scomi shares?

Posted by KaoriChan > 2014-12-01 09:38 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/11/28/SapuraKencana-Puncak-fall-after-removal-from-SC-Shariah-list/?style=biz

No impact indeed. Keep the faith bros.

What now? If you can hold, keep holding. Scomi ain't likely to become PN17. As correctly pointed out by some, it does have a lot of projects in the pipeline and also likely to win more big ones in the future. Scomi essentially has 2 core business: O&G and transportation (monorail/marine vessels). Right now the O&G sector is tanking badly due to the ultra-low oil prices, so not much we can do about that but wait. Hope to hear some good news on its transportation business.

If you want to go in, RM0.255 looks like a good point. It's a risk, but hey, no risk no gain. Caveat emptor.

Posted by hooi > 2014-12-01 09:44 | Report Abuse

Bought Scomi at 0.250, i think this counter deeply undervalud, so i am accumulating for mid-term

Posted by hooi > 2014-12-01 10:50 | Report Abuse

Bought Scomi at 0.245

Posted by shipcapt > 2014-12-01 11:00 | Report Abuse

wait for RM0.20....coming soon

Posted by scottybang > 2014-12-01 15:02 | Report Abuse

any advise?

Posted by beLIEve > 2014-12-01 15:31 | Report Abuse

beam scomi up scotty? If you want to catch a falling knife, make sure you are wearing a thick glove. If you want to catch a falling stock, make sure you have a thick stack of cash like ah hooi

Posted by scottybang > 2014-12-01 16:37 | Report Abuse

it sounds true

Posted by spritzz > 2014-12-02 17:16 | Report Abuse

look like it is going to shoot up soon... faster collect them...