The current month, March 2016 is the last month for the financial year of Scomi, Scomies & Scoimien. Since the last qtr results, do you see the performance trending upwards ? How would the last qtr results fair in your views ? Announcement plentiful, good or bad news, the interpretation is up to you. More importantly, are there any positive drivers that can translates into positive numbers to be booked into he coming final qtr ? When the results are out in May, it will be the moment for you to decide their worth.
Put aside what the near future will hold for Scomi. Immediate issue on hand Scomien 0.23 with "volume" today. Maybe historically low. Which side do you think the legal battle will favour ? Read today's The Edge Financial Daily
scomi engineering is doing monorail business which is still struggling, scomi energy is in oil and gas which is still profitable and contribute 90% of scomi group's profit... For an value investor, i prefer to buy scomi energy...
SC granted waiver to Scomies to waive allocation of 12.5% Bumi equity. At least no further dilution given the current depressed share price. It helps. All eyes will be on Scomien "huge" volume come next Mon and Tue. Would it be another low maybe ? Let us watch and see.
May means perhaps,made means it has already happened! Which is it? Neither. It's like saying the the sky will rain ringgits tomorrow, oh damn, it already did... But we missed it.
..... Scomi Group Chief, Shah Hakim Zain, on the converse, was more conservative in his projection, saying that the global oil price would be at an average of US$40/B for the next 5 years. He said pressing issue of oversupply remained lingering, and that the oversupply gap of approximately 5 million barrels a day would be hard to close ......
So, are we getting some clue as to what to expect from the 4th qtr results ? Surely a man like Shah Hakim who is in the business and on the ground have a better feel and sense of the industry.
It is good he is more conservative in his projection of oil at US$40. At this price, scomi is still making profit.. If the oil is more than US$50... It will be added bonus for scomi which is in the orphir oil field now..
scomi team , I got one weird thought " why scomien share price Has always been higher than scomi one ? but I find out scomi eps higher than scomien, but why since the first day scomien price always far more higher than scomi ?
PAK LAH, Abdullah Badawi,'s appointment as new petronas adviser will be a boost to the company.. For the oil and gas, scomi energy is a big big boost...
Yes-still holding this scomi, scomies& scomien since last 7-8 yeart s till now. Will Pak Lah's counters shine again to glory with his new appointment as Petronas chairman? Hidup Pak Lah, Mr Niceman. Pak Lah should be the most gentleman, most moderate PM Malaysia ever had. Niceman always finish last in life. anyway, i believe in good Karma will return eventually to nice people
Scomi energy miss on TNB COA job..so can expect further drop for scomi brothers??
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Prasarana won’t cancel contract with SCOMI based on earlier notices [The Star]
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