The 26.551 million in profit is on paper only, it is not included in payment of employees and CEOs they take up a lot of money, the cost of doing business and maintenance and many more by the time you do all the normal deductions, don't kid yourself of anyone - what is left is a measly some of money not enough to even pay the fine.. REALITY NOT DECEPTION !!!
If USA signs treaty with IRAN on Nuclear deal which seems very likely cos of OBAMA, Iran will be able to also sell it's oil in the world market, after the USA and Europe lifts their embargo. Guess what is going to happen? LOL When you have an over abundant supply of OIL flooding the market, what happens to Oil Prices again? hmm So will the share prices start going up or down ???
We were concern about our currently big issue in Malaysia,will credit rating Malaysia be downgrade ?from A- to bbb?that's is a main point.Our currency might drop to the lowest by 2015.Analysis predicted
1US =RM 5.00 1 Sin Dollar =RM 3.30 1 Renminbi =RM1.00
Can you predicted?what happen to Malaysia?We need IMF? Hahaha,think yourself.My opinion,trade at your own risk.
Since SCOMI revenue derived mostly from export market (both drilling fluid & Monorail), GST 6% won't affect export market. Exporter should be able to claim back input tax derived from any import material. Any further falling share price is the best opportunity to average down.
Scomi Group has recently close down its subsidiary Oiltools and also its KMC All Star Chemical Sdn Bhd. which cost the company a fair bit of money. It would still take a while for it to recover and pay off the money lost on the subsidiary companies....
since Petronas is going to have a M&A using bond issuance recently, let's see which O&G share will the the lucky star? will it be SCOMI or SUMATEC or other counters? there are 40 public listed potential O&G shares which may be choosen by Petronas.....I bet both SCOMI & SUMATEC
After break the few support level ,the 0.23 is the key level to support.its must close at 0.23 or above then it might rebounce from these level.so my opinion the lowest is here already.Sapu as much as you can.trade at your own risk.
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 484 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 12568 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....
arbao
84 posts
Posted by arbao > 2015-03-17 23:36 | Report Abuse
have faith in it, and it will reward u guys