Posted by kensen > 2016-11-29 09:18 | Report Abuse

What u expect ? Revenue dropping significantly but the top management team's compensation plan still the highest esp the CEO

Posted by kensen > 2016-11-29 09:18 | Report Abuse

It may turns into the next Perisai or TH Heavy

Posted by nippy65 > 2016-11-29 12:02 | Report Abuse

Scomi expects its performance outlook to remain challenging for the rest of the financial year. In Scomi case as a group, financial performance is a function of the size of their orderbook accumulated from the success in bidding for jobs/contracts. Does 'remain challenging' means it is not going to be likely winning jobs/contracts to replenish orderbook for the rest of the financial year ? What is the current orderbook value now and what is the burnrate ? Should shareholders be alarmed ? Any comments or thoughts on these ?

Posted by Markus S > 2016-11-29 12:45 | Report Abuse

@kensen I think it is already like TH Heavy. They are too "small" to withstand this tsunami. Everyone (O&G industry) is badly hit, but the big one may withstand... not the small boat.
Honestly with such bad quarterly report now and previously, Scomi = Zombie .
If anyone wants to bet on oil recovery, it's better to bet on those big boys.

Posted by Vincent Tan > 2016-12-07 13:55 | Report Abuse

oil will stay low for foreseeable future, probably 10 years to come. Time to abandon ship and jump aboard those counters that benifit from low oil

Posted by Vincent Tan > 2016-12-07 13:57 | Report Abuse

agree with Markus S it is already a zombie counter.

Posted by Vincent Tan > 2016-12-07 13:58 | Report Abuse

do find new life in other counters

Posted by ryan7642 > 2016-12-10 23:39 | Report Abuse

goreng stocks perhaps can play for short term (since already bcom penny share lvl) due to new ceo new style & also spike on fuel price?

Posted by vivigogo > 2016-12-14 17:29 | Report Abuse

Could the uptrend got to do with the HSR?

Posted by ryan7642 > 2016-12-14 19:11 | Report Abuse

Wow this short term play really come just in time:p book profit more than 15% within 2days^^

Posted by nippy65 > 2016-12-15 08:31 | Report Abuse

HSR ? I dont think is their experties. Monorail would not fit into HSR. Soon price head south again unless trigger by several contract/project awards that can pump up the orderbook, failing which even a small job win would not provide substance fundamentally.

Posted by ryan7642 > 2016-12-16 22:43 | Report Abuse

Done take profit from 0.095 to 0.115 happy enuf lo^^

Posted by wecan2088 > 2017-01-04 11:00 | Report Abuse

SCOMI will play up due to O&G

Posted by wecan2088 > 2017-01-04 11:01 | Report Abuse

IJM is SCOMI biggest shareholder. So no much to worry about.

Posted by tiennhieu > 2017-01-04 16:35 | Report Abuse

gaining momentum, should be up soon.

Posted by snwong13 > 2017-01-04 18:37 | Report Abuse

.
most oil related stocks were heading north since last week.
scomi did moved up silently without much investors attention...
today is the best up-pick at the very last seconds at 0.130!!
surely with IJM as major share holder (hope you know how much they bought), nothing much to worry about to accumulate..
buy while it is still low!!
good luck.

Posted by Investor > 2017-01-05 00:57 | Report Abuse

Trapped

Posted by hklcheng > 2017-01-05 09:11 | Report Abuse

fly

Posted by tiennhieu > 2017-01-05 09:22 | Report Abuse

up up up....

Posted by chinaman > 2017-01-05 09:38 | Report Abuse

sleeping dragon finally wake up...Hidup Pak Lah!

Posted by nippy65 > 2017-01-05 09:43 | Report Abuse

Too early to pop the champagne. Where is the fundamental coming from ? Scomi is not in the branch of E&P in the world of O&G. IJM got the shares at 0.36 is public knowledge. Why use stale news to make it appears to be something to get excited over. WIthout winning more contracts, price can't go far. Crude can be US$100, not getting new jobs to pump up orderbook would be useless. You expect good numbers from qtr result next month ? I doubt it. Unless pending major positive announcement which one can give some clue to is more beneficial than to hi-Iight IJM stake at 0.36.

Posted by Vincent Chee Meng > 2017-01-05 09:47 | Report Abuse

You buy you die.

Posted by dompeilee > 2017-01-05 09:49 | Report Abuse

Scomi was my last purchase of 2016. See here :

https://4.bp.blogspot.com/-Hve_a8n3GJ4/WG2ls_K2dOI/AAAAAAAAC6o/iPpzaaS2kBcVsiczjTeawLR8GODJSOJbQCLcB/s1600/Scomipurchase30Dec16.png

Posted by gaban88 > 2017-01-05 13:26 | Report Abuse

1st time rasa naik
..

Posted by Haha > 2017-01-05 20:35 | Report Abuse

breakout the resistance...next TP?

Posted by damansaraeagle > 2017-01-06 09:34 | Report Abuse

14 1/2 cents now.

Posted by ryan7642 > 2017-01-07 03:13 | Report Abuse

Wow 0.155 now aiks too early sell tim><

Posted by nippy65 > 2017-01-08 16:44 | Report Abuse

For those monitoring the progress of Scomi in general, Scomi Engineering has got into some spotlight for the wrong reasons. Go to google and enter search "dnaindia mumbai monorail". Look for the latest breaking news. Wonder if someone and shed some light on the matter ? Or maybe, work of spinner. Can Scomi Engineering clarify ? Not a piece of news that you want if the price is to move higher. They appear to have enless problem with Mumbai monorail.

Posted by nippy65 > 2017-01-09 15:55 | Report Abuse

Pray and hope that this is not pumped up to for rights call.

Posted by char1234 > 2017-01-09 21:34 | Report Abuse

it is goreng ...follow d oil trend...u can win if u buy at d right time

Posted by vivigogo > 2017-01-10 14:07 | Report Abuse

Believe or not. IJM could move the mountain.

Posted by nippy65 > 2017-01-10 16:08 | Report Abuse

Or rather get buried by the mountain.

Posted by Robin5 > 2017-01-10 16:29 | Report Abuse

moutain top 就跟著一起來
沒有什麼阻擋著未來

day and night 就你和我的愛
沒有什麼阻擋著未來

moutain top 就跟着一起來
沒有什麼阻擋著未來

day and night 就你和我的愛
沒有什麼阻擋著未來

moutain top 就跟着一起來
沒有什麼阻擋著未來

day and night 就你和我的愛
沒有什麼阻擋著未來

yi yi yi 你不在我不在
yi yi yi 誰還會在
yi yi yi 你不在我不在
yi yi yi 誰還會在

Posted by snwong13 > 2017-01-12 19:17 | Report Abuse

.
http://www.thestar.com.my/business/business-news/2017/01/12/rsc-lease-of-life/

Posted by Haha > 2017-01-21 11:06 | Report Abuse

RSI for daily still high...

Posted by nippy65 > 2017-01-24 10:13 | Report Abuse

Once 0.14 broken, it will settle at 0.12.

Posted by nippy65 > 2017-02-06 09:58 | Report Abuse

Scomien target for China takeover ?

Posted by Helena > 2017-02-06 10:53 | Report Abuse

whats the news on scomi..
so active today

Posted by snwong13 > 2017-02-06 13:21 | Report Abuse

http://www.theedgemarkets.com/my/article/scomi-engineering-29-chinese-interest

Posted by snwong13 > 2017-02-06 13:31 | Report Abuse

.
"Meanwhile, parent company Scomi Group Bhd was also actively traded with some 12.9 million shares changing hands as at 10.21am today. The counter was up 12.9% or 2 sen at 17.5 sen.
Scomi Group has a 72.33% stake in Scomi Engineering..."

Posted by nippy65 > 2017-02-07 09:07 | Report Abuse

Since news is out, is merely a speculative push. Would not last and will retreat south from today. Quarterly result will remain disappointing and will add further selldown pressure.

Posted by vitac > 2017-02-07 19:04 | Report Abuse

No direct link to oil price, scomi is not an oil producer they are only a services provider, price up only goreng no fundamental.

Posted by nippy65 > 2017-02-08 09:03 | Report Abuse

vitac, you are absolutely right. In the RSC, the oil pump from the well belongs to Petronas. Benefit from it is prehaps some sharing of the profit from sale of the crude oil. Even if RSC is successful, surely Scomi as a group is so much more than RSC alone. Other business activities have to perform and contribute positively as well. At the moment other busines activities are actually not ok. Still a long way to go. Definately not fundamental play. Unless some solid annoumcement on projects win (which is so lacking at the moment) that can change the course of the orderbook.

Posted by value_invest > 2017-02-08 09:22 | Report Abuse

FOR RSC, BUY scomies...

Posted by Bobo Au > 2017-02-08 12:11 | Report Abuse

Scomi will going to 0.310
But my Tp 0.270 engouh

Posted by winmal > 2017-02-08 15:17 | Report Abuse

Look to break 0.20 today

Posted by tiennhieu > 2017-02-08 16:04 | Report Abuse

volume today gaining momentum, hope will break 0.20 tomorrow.

Posted by gcke > 2017-02-08 16:05 | Report Abuse

Huhuhu...tmrw market closed for Thaipusam.

Posted by luckyman > 2017-02-10 21:11 | Report Abuse

http://klse.i3investor.com/blogs/Stockoftheday/113031.jsp

IJM's cost is at 36 sen.....

Posted by tiennhieu > 2017-02-11 10:29 | Report Abuse

closing at 0.195, will go up next Monday.