SCOMI GROUP BHD

KLSE (MYR): SCOMI (7158)

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32 people like this.

16,656 comment(s). Last comment by Mabel 2023-05-02 08:22

Posted by Rohnn Kerlevsw > 2017-05-03 12:16 | Report Abuse

Still waiting

Posted by Rohnn Kerlevsw > 2017-05-05 10:27 | Report Abuse

0.165 today perhaps? Fall n fall

gelong

1,737 posts

Posted by gelong > 2017-05-06 22:12 | Report Abuse

score me score u

Posted by Rohnn Kerlevsw > 2017-05-08 17:06 | Report Abuse

Very frustrating

gelong

1,737 posts

Posted by gelong > 2017-05-10 15:12 | Report Abuse

sabar bos, ophir field first oil June, keep aku mu late

gelong

1,737 posts

Posted by gelong > 2017-05-12 21:57 | Report Abuse

good trend

snwong13

724 posts

Posted by snwong13 > 2017-05-13 17:19 | Report Abuse

.
Yes, in reading today news, much JV talks are on-going with China counterparts
Hope Scomi will get the chance!
Hold/buy lower for longer term while awaiting for possible good news.

tiennhieu

719 posts

Posted by tiennhieu > 2017-05-15 11:33 | Report Abuse

up................

Posted by evolutiontech > 2017-05-16 16:41 | Report Abuse

0.170?

nippy65

197 posts

Posted by nippy65 > 2017-05-17 11:52 | Report Abuse

All said and done, the coming quarterly result will speak for itself. I believe the numbers are going to remain rough. Scomi is not just Ophir alone. Other business segments can wipe out what Ophir can earn. Did we get to hear much of what is going on with the rest of their business ? A lot of negative news from Scomien were highlighted. No visibility going forward.

tiennhieu

719 posts

Posted by tiennhieu > 2017-05-17 16:57 | Report Abuse

merge with china will strengthen their position.

gelong

1,737 posts

Posted by gelong > 2017-05-17 23:05 | Report Abuse

aku mu late, ez 5 sen

Posted by Rohnn Kerlevsw > 2017-05-22 11:19 | Report Abuse

Krik krik..

gelong

1,737 posts

Posted by gelong > 2017-05-25 08:34 | Report Abuse

grab some more bro

nippy65

197 posts

Posted by nippy65 > 2017-05-25 11:36 | Report Abuse

A good piece of news from Graphene Nanochem on the huge order of PlateDrill for deployment in Myanmar with Scomi Oil.

nippy65

197 posts

Posted by nippy65 > 2017-05-25 11:39 | Report Abuse

Hopefully it can translate into more revenue and the bottomline, profit for Scomi.

r3490

119 posts

Posted by r3490 > 2017-05-25 15:51 | Report Abuse

where is this news?

nippy65

197 posts

Posted by nippy65 > 2017-05-25 16:37 | Report Abuse

r3490, go into graphenenanochem.com

r3490

119 posts

Posted by r3490 > 2017-05-25 17:06 | Report Abuse

if it were big news, scomi would have bigged it up in an announcement

chinaman

3,302 posts

Posted by chinaman > 2017-05-25 17:34 | Report Abuse

At an inaugural lecture held in honour of former premier Abdullah Ahmad Badawi, prime minister Najib Abdul Razak today credited his predecessor for unwavering loyalty to Umno and Barisan Nasional.

Najib during his speech at the event hosted by Pertubuhan Legasi Tun Abdullah Ahmad Badawi in Putrajaya, also took a subtle jab at those he said have betrayed Umno and the country.

"I would like to honour his loyalty all this while, no matter what happened, he continued to give full support and stood beside me, the government, Umno and BN.

"Not even once did he think of doing any actions to betray the party and the country, or go as far as leaving the party," he said, without mentioning any names...


Read more: https://www.malaysiakini.com/news/383483#ixzz4i57AW0xt

chinaman

3,302 posts

Posted by chinaman > 2017-05-25 17:36 | Report Abuse

SCOMI become salted fish since Pak Lah left politics last 10 years ago. when can we see scomi back to glory. we miss Pak Lah a lot as nicest PM we ever had

gelong

1,737 posts

Posted by gelong > 2017-05-25 17:50 | Report Abuse

jangan tido bro

nippy65

197 posts

Posted by nippy65 > 2017-05-26 09:15 | Report Abuse

Any comment on the pending quarterly result ? Anyone ?

chinaman

3,302 posts

Posted by chinaman > 2017-05-26 12:54 | Report Abuse

If it can minimize loss which is widely expected in oil& gas industry now, it's considered good. let's wait and see if IJM can do the miracle as what they did in IJM with amazing result. This time I'm sure Pak Lah counter already wake up. wa kaka

nippy65

197 posts

Posted by nippy65 > 2017-05-26 15:57 | Report Abuse

IJM is merely a passive investor in Scomi. Both are in total different industry. So, dont think IJM can help much in enhancing Scomi's revenue. It just does not connect.

chinaman

3,302 posts

Posted by chinaman > 2017-05-26 16:18 | Report Abuse

if IJM management are proven genius and strong, any challenging industry also they can overcome. But, if the management is lousy, it will still mediocre result even during bullish economy. I'll say there is indeed improvement since IJM join in as strategic shareholder.

nippy65

197 posts

Posted by nippy65 > 2017-05-26 16:45 | Report Abuse

How many projects/jobs have been won and announced so far in the past 12 months ? Whatever job on hand, what is the depletion rate and in Ringgit terms how much is left to completion ? The group used to announce RM200 mil+ cash on hand, where does it stands now ? I wish someone can enlighten on this. Anyone ?

chinaman

3,302 posts

Posted by chinaman > 2017-05-26 17:01 | Report Abuse

Last Qtr report shows cash level at myr142Million. Not sure about the job burning rate. But, look forward for Ophir marginal oil field prospect to kick start soon

Ahead1268

768 posts

Posted by Ahead1268 > 2017-05-27 10:52 | Report Abuse

http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=7158

Losses from qtr to qtr but narrow down. Sooner the cash pile will gone if this financial year still make losses which is likely based on qoq report. Better dumb the share now as heading to south

nippy65

197 posts

Posted by nippy65 > 2017-05-29 09:04 | Report Abuse

Given the share price inability to move even a bit to the north and more so cautiously and seemly edging marginally south for the past week, it does not auger well to show a pleasant set of quarterly numbers. I hope to be wronged.

Octopus

549 posts

Posted by Octopus > 2017-05-29 15:46 | Report Abuse

i think even coming qr is good result also cant bring it higher.. previous 3 qr is too bad and impact to its price directly

nippy65

197 posts

Posted by nippy65 > 2017-05-29 15:58 | Report Abuse

At best, improvement from last qtr. I have the leaning to project the numbers pending announcement will remain in the red .

chinaman

3,302 posts

Posted by chinaman > 2017-05-31 16:28 | Report Abuse

KUALA LUMPUR: IJM Corp, Malaysia’s biggest builder by revenue, may spin off its infrastructure unit and sell some non-core assets as part of a plan to focus on growing its main revenue-generating businesses.

The company may also consider paring its 56% stake in IJM Plantations Bhd. through local or foreign partnerships that could contribute to a larger landbank for the unit, chief executive officer Datuk Soam Heng Choon said in an interview on Tuesday.

The move is also aimed at improving trading of IJM Plantations shares as liquidity is low, he said.

IJM’s non-core assets have a book value of more than RM600mil, Soam said. That includes a 24.5% stake in oil and gas services provider Scomi Group Bhd and a hotel in Selangor state, he said.

Change of guard in Scomi again?

Unknown404

318 posts

Posted by Unknown404 > 2017-05-31 18:31 | Report Abuse

Scomi can go holland edi. My company dealt with them before and get to know they got lousy management.

chinaman

3,302 posts

Posted by chinaman > 2017-05-31 19:12 | Report Abuse

should sack all his lousy management & replace with talents. Kasi malu...myr100million loss per Qtr.Crazy loss...Shah Hakim with fat salary still there? in their dictionary, missing a word MALU

Unknown404

318 posts

Posted by Unknown404 > 2017-05-31 20:28 | Report Abuse

SCOMI just like other corporates such as PROTON,MAS and FVD (If you get what I mean). Investing in it is equivalent to buying yourself an expensive lesson

Posted by Rohnn Kerlevsw > 2017-06-01 09:08 | Report Abuse

Flush....

Posted by evolutiontech > 2017-06-01 09:51 | Report Abuse

straight down since last week

snwong13

724 posts

Posted by snwong13 > 2017-06-01 10:57 | Report Abuse

.
IJM’s non-core assets. May divest!

Posted by Rohnn Kerlevsw > 2017-06-01 11:38 | Report Abuse

Lesson learnt. Scomi is a lesson learning platform. Lol

nippy65

197 posts

Posted by nippy65 > 2017-06-01 16:48 | Report Abuse

When you thought that all is well again between Pasaranan and Scomien, the 3rd supplementary contract is now bogged down with dispute. And going by the results, we may need till mid 2019 to see positive outcome. Even so, we need to see more jobs awarded which is totally unheard of for a long while. Ophir will only see oil in the final qtr of this year if indeed it gets black gold. Pray hope by then the Crude oil price is attractive. As long as other business sectors of the Scomi group are not performing, no matter how well Ophir delivered its results, the rest of the activities will drag the head below the water. Frabication yard in Rawang already sold. What next for sale ? On the issue of fund raising, pray hard it will not happen. Any call for rights or capital reduction will be a bad move in the eyes of investors.

chinaman

3,302 posts

Posted by chinaman > 2017-06-01 17:59 | Report Abuse

To be fair, all O&G companies also got impairment loss on assets. This is one-off only. At this critical stage, there should be M&A to achieve economy of scale. But, somehow it happens very slow as lamented by PETRONAS chief. O&G industry is strategic importance to our nation in ensuring sustainable energy and low cost supply chain. Thus, govt. wont let this industry collapse and will do the necessary. if govt. do nothing, oil supply shock will cause inflation super high like what happen to Venezuela. many become beggars, prostitutes at street.

longvalley

2,287 posts

Posted by longvalley > 2017-06-01 22:11 | Report Abuse

IJM PREFER to dispose scomi share to other......it sign no potential at all..........!

Unknown404

318 posts

Posted by Unknown404 > 2017-06-02 12:28 | Report Abuse

Now got MM supportibt the price temporarily. Wait they pull out then this counter is will skyfall

Posted by evolutiontech > 2017-06-19 10:17 | Report Abuse

penniless stock now...haha

nippy65

197 posts

Posted by nippy65 > 2017-06-23 09:17 | Report Abuse

On the backdrop of woes Scomien is faced with couple with Scomies idling of marine vessel, low drilling activities and of replenishment of orderbook which appears to have been in slumberland, the situation looks grim. Considering the crude price going south, which I believe will remain low for a while, the 2nd half of the year even with Ophir coming on stream will not provide much cushion to address the stressful state of affair.

mikeann

832 posts

Posted by mikeann > 2017-06-27 21:12 | Report Abuse

Crude oil price up. Scomi oversold. Likely rebounding tomorrow. First rsistance 0.16

nippy65

197 posts

Posted by nippy65 > 2017-07-05 10:58 | Report Abuse

Things does ot seems to look good.

nippy65

197 posts

Posted by nippy65 > 2017-07-07 10:34 | Report Abuse

Can Scomien win the case against Pasaranan in court ? Things are getting very bitter and gloomy.

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