Posted by luckyfei > 2015-01-08 17:13 | Report Abuse

something is not right with this counter, keep on securing projects but the price like dirt only ! does not match the company fundamental I believe ..

Posted by Tan Yi Hao > 2015-01-09 15:06 | Report Abuse

Oil made new low, but not this counter.
In fact , it has held up quite well, considering that oil slide is still ongoing

Posted by powerwk > 2015-01-11 16:58 | Report Abuse

but how many percent of the total contribution related to his oil subsidiary company to parent. I don't think is significant. By the way anyone check and know what the NTA for this company?

Posted by koi koh > 2015-01-12 15:50 | Report Abuse

NTA is 40 sens

Posted by Vin Tan > 2015-01-12 18:28 | Report Abuse

Powerwk:

Latest half yearly results:

profit before tax from continuing operations RM 55,323,000
contribution from oilfield services RM 53,051,000

Hope this answers your question

Posted by Vin Tan > 2015-01-13 11:59 | Report Abuse

luckyfei, I do not think there is anything wrong with the fundamental of this company.

Good news seems to have little positive impact on share price because they are overshadowed by the still weak sentiment in oil market.

The Middle East producers have stressed a dozen times in the past 6 weeks the they won't curb output to halt the steep fall. In fact these countries seem to actually WANT further price decline as part of attempt to force cutbacks by US shale drillers.

" It wouldn't be the first time US drillers are caught up in an OPEC battle for market share. In 1986, Suadi Arabia opened its taps and sparked a four-month , 67% plunge that left oil just above USD 10 a barrel. The US industry collapsed, triggering almost a quarter-century of production declines, and the Saudis regained their leading role in the world's oil market." --Bloomberg

Until we see the repetition of history or signs of it taking place , sentiment remains week.

Many are betting oil to head USD 40 in coming months. We can only see the market dynamics taking its course for the time being , while hoping for the turn of event to start unfolding.

Posted by powerwk > 2015-01-13 23:24 | Report Abuse

Thanks koi Koh for sharing the NTA it does help. I have similar figure for NTA for Scomi as well. What I get from MalaysiaBiz is 0.41 now more comfortable the figure since is almost similar with your.

Posted by powerwk > 2015-01-13 23:24 | Report Abuse

Thanks Vin Tan for sharing as well. Appreciate that information.

Posted by tiennhieu > 2015-01-15 16:44 | Report Abuse

today engine start, going north now.

Posted by xfighter > 2015-01-15 17:43 | Report Abuse

hopefully

Posted by tansj83 > 2015-01-15 18:34 | Report Abuse

finger cross

Posted by sonic008 > 2015-01-16 10:13 | Report Abuse

Oilfield marine services provider Scomi Energy Services Bhd (fundamental score: 1; valuation score: 0.6) secured RM300 million worth of oilfield contracts in the last three months.

In a statement today, Scomi said these contracts serve the purpose of providing drilling fluids and waste management services across Asia Pacific countries.

This brings total secured contracts to RM475 million.

By The Edge 15 Jan 2015，hope this will boost Scomi as well

Posted by powerwk > 2015-01-18 15:46 | Report Abuse

Thanks sonic008 for sharing. Believe people are more interest to know what the meaning of those figure like (fundamental score: 1; valuation score: 0.6)

Posted by sonic008 > 2015-01-19 16:41 | Report Abuse

here we go......

Posted by powerwk > 2015-01-21 00:25 | Report Abuse

Don't get you.... are you sharing sonic008?

Posted by koi koh > 2015-01-21 16:01 | Report Abuse

Ah Jib said the super rail and other infrastructures would not be shelved, so scomi can trend up

Posted by sonic008 > 2015-01-21 16:14 | Report Abuse

i copy the news from the edge so wish who more expert can explain with us....

Posted by shipcapt > 2015-01-22 09:32 | Report Abuse

seems like engine warming up...when can torch rm0.405? Year 2020? :-)

Posted by koi koh > 2015-01-22 09:37 | Report Abuse

when crude oil reachs usd 100

Posted by shipcapt > 2015-01-22 09:43 | Report Abuse

Then it should be year 2030 :-)

Posted by RIDMNMG > 2015-01-23 08:23 | Report Abuse

Slow n stedy...1c for 1 day haha

Posted by tansj83 > 2015-01-23 09:03 | Report Abuse

Keep it UP ~ ;)

Posted by tiennhieu > 2015-01-23 09:18 | Report Abuse

going up now.

Posted by tai yee > 2015-01-23 10:38 | Report Abuse

stagnant..... isk...

Posted by i_investor > 2015-01-23 11:41 | Report Abuse

-


News from Bloomberg
==================
Oil Surges as Saudi King’s Death Stokes Concern Over OPEC Policy


Details:

http://www.bloomberg.com/news/2015-01-22/oil-surges-after-saudi-media-reports-king-abdullah-s-death.html



---

Posted by Vin Tan > 2015-01-26 12:21 | Report Abuse

i_investor,

looks like the rout is going to last a while more
the new king said Suadi is going maintain its production policy
the war on the shale producers is still on

Posted by i_investor > 2015-01-26 19:16 | Report Abuse

Vin Tan,

Ya.

Gearing levels for O&G Companies:

Details:

http://tefd.theedgemarkets.com/2015/FDsetia/FDsetia_20150123fiajin.pdf#page=17&zoom=auto,20,1138



---

Posted by colonese > 2015-01-27 23:23 | Report Abuse

ready to fly scomi. still cheap price. tp 0.300. ready guys. fair price 0.350.

Posted by i_investor > 2015-01-28 19:47 | Report Abuse

-

For Immediate Release
28 January 2015

Graphene NanoChem PLC

("Graphene NanoChem" or the "Group")

Approval of Manufacturing License for New JV Facility


Graphene NanoChem (AIM: GRPH), the performance nanochemicals and advanced materials company, is pleased to announce that Scomi-Platinum Sdn Bhd, its joint venture company, has been granted approval for a manufacturing license by Malaysia's Ministry of International Trade Industry for its planned nano-enhanced oilfield chemicals facility in Port Klang, Malaysia. The 45,000 MT per annum facility is targeted to come on line by 2016.

This milestone represents the latest ongoing progress of the development of the Group's joint venture partnership with Scomi Oiltools Sdn Bhd.



Ref:

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12229849.html

http://www.scomigroup.com.my/core/oilfield_intro.asp




===

Posted by i_investor > 2015-02-03 15:49 | Report Abuse

-

Graphene NanoChem JV inks PlatDrill testing deal

Source: SMW

Graphene NanoChem joint venture Scomi-Platinum Sdn Bhd has signed an agreement with one of the world's top five international oil companies for the testing and evaluation of the PlatDrill Series.

Graphene NanoChem says the agreement with an IOC that operates across the entire oil and gas industry value chains and markets, marks a significant milestone of the phased expansion of PlatDrill into new regions.

The ongoing deployment of PlatDrill is gaining strong market traction within the south-east Asian region. It is the group's objective to expand the market share for PlatDrill and the agreement with an IOC supports the objective of the group in establishing presence and increasing sales worldwide.

The group expects the tests to be completed by Q4 2015, following which the potential for the commercial way forward will be discussed.

Graphene NanoChem chief executive Jespal Deol said: "I am delighted to announce thata leading IOC is formally assessing the potential of the PlatDrill Series. We have a unique technology platform that plays an important role in enabling faster drilling, reducing equipment downtime and improving output levels to drive down operating costs and that is why we believe many oil and gas players will be interested in what we have to offer."


Ref:

http://shares.telegraph.co.uk/news/article.php?id=4969880&epic=GRPH



===

Posted by i_investor > 2015-02-06 12:29 | Report Abuse

watch SCOMI closely. charging up!

Posted by colonese > 2015-02-08 11:40 | Report Abuse

boring counter

Posted by i_investor > 2015-02-10 09:52 | Report Abuse

fully charged up. starts moving up!

Posted by tansj83 > 2015-02-10 10:53 | Report Abuse

Roller coasting~~!!

Posted by tiennhieu > 2015-02-10 12:40 | Report Abuse

what happen? any good news? suddenly up so much?

Posted by PCinvestor > 2015-02-10 14:08 | Report Abuse

Scomi Group Bhd ("SCOMI" or the "Company")
- Striking off of Scomi Oiltools (Shetland) Limited (“SOSL”) from the Register of Companies of Companies House of the United Kingdom (“UK”) (the “Registrar”) (the “Register”) pursuant to the UK Companies Act 2006

Posted by ymtan > 2015-02-10 16:13 | Report Abuse

What the announcement all about ??

Posted by sonic008 > 2015-02-10 16:14 | Report Abuse

wow.......vroom.............

Posted by cybermen35 > 2015-02-10 16:16 | Report Abuse

any good news ???

Posted by newbird01 > 2015-02-10 16:17 | Report Abuse

scomi previously already have many good news,now will be the time to shoot up.....

Posted by xfighter > 2015-02-10 16:24 | Report Abuse

should have topped up some

Posted by tansj83 > 2015-02-10 16:29 | Report Abuse

time for celebration ;)

Posted by tiennhieu > 2015-02-10 16:39 | Report Abuse

missed the boat. looks like captain ady onboard and start the journey

Posted by liew > 2015-02-10 16:42 | Report Abuse

haha, ang pow lai

Posted by newbird01 > 2015-02-10 16:53 | Report Abuse

will blow higher...stay tune

Posted by ImCK > 2015-02-10 16:53 | Report Abuse

SCOMI super bullish show tommorow !!!!

Posted by ImCK > 2015-02-10 16:55 | Report Abuse

wow sapu !!!!

Posted by mcchuah > 2015-02-10 17:25 | Report Abuse

How long can the bull sustain? Our cost is way above 0.40 collected since last year.

Posted by sky_gk > 2015-02-10 17:30 | Report Abuse

what is the TP for this counter?

Posted by runnerman > 2015-02-10 17:40 | Report Abuse

Tp 0.5 ...will fly higher esok.....