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

longvalley

2,287 posts

Posted by longvalley > 2017-09-03 08:15 | Report Abuse

2 c ide....

Cikam

1,720 posts

Posted by Cikam > 2017-09-03 12:57 | Report Abuse

Ya sellllllllll..

centrio88

137 posts

Posted by centrio88 > 2017-09-05 20:35 | Report Abuse

Good price to enter and price sure will rebound due to corporate exercises

Posted by pakatan_harapan2 > 2017-09-06 04:37 | Report Abuse

Pity Scomi because Pak Lah must resigned unlike PM NXXXX. No wonder who bought near RM 1 will forever hate BN.

centrio88

137 posts

Posted by centrio88 > 2017-09-07 09:45 | Report Abuse

Strong buying at 0.11

centrio88

137 posts

Posted by centrio88 > 2017-09-07 11:39 | Report Abuse

Coming up ..

centrio88

137 posts

Posted by centrio88 > 2017-09-07 15:21 | Report Abuse

Target 0.14

Ganii

58 posts

Posted by Ganii > 2017-09-07 15:24 | Report Abuse

Go go go .14!!!!

tiennhieu

719 posts

Posted by tiennhieu > 2017-09-07 16:15 | Report Abuse

sleeping stock finally wake up.....

Alibabaa

59 posts

Posted by Alibabaa > 2017-09-07 16:31 | Report Abuse

According to freeman, .14 is just even... with this oild rpice, it sud hit .18 la

Boonming

34 posts

Posted by Boonming > 2017-09-07 16:37 | Report Abuse

The five largest oil refineries in the U.S. are on the Texas and Louisiana Gulf Coast, Oil price will go up again to $60 at least. Not to mention the N Korea.

centrio88

137 posts

Posted by centrio88 > 2017-09-07 16:37 | Report Abuse

Huat ..

centrio88

137 posts

Posted by centrio88 > 2017-09-07 16:40 | Report Abuse

Good news ?

centrio88

137 posts

Posted by centrio88 > 2017-09-08 10:34 | Report Abuse

Coming strong buying at 0.125

Espresso

31 posts

Posted by Espresso > 2017-09-08 10:53 | Report Abuse

Undervalued at 0.125 this stock should b at 0.14 with oil price keep raising

Foogle

40 posts

Posted by Foogle > 2017-09-08 12:10 | Report Abuse

bought 200 @ .125

Ganii

58 posts

Posted by Ganii > 2017-09-08 12:13 | Report Abuse

well done foogle .125 is good buy

Jibby

21 posts

Posted by Jibby > 2017-09-08 12:17 | Report Abuse

I take 50 @ 0.125 hopefully can eat nasi lemak next week.

Alibabaa

59 posts

Posted by Alibabaa > 2017-09-08 12:33 | Report Abuse

wow, very active counter

winmal

1,128 posts

Posted by winmal > 2017-09-08 14:50 | Report Abuse

someone actively buying....0.13

djibaok

1,183 posts

Posted by djibaok > 2017-09-09 00:22 | Report Abuse

koh koh koh

centrio88

137 posts

Posted by centrio88 > 2017-09-09 19:31 | Report Abuse

Be ready your fund to scomi .. Monday sure up

centrio88

137 posts

Posted by centrio88 > 2017-09-11 09:18 | Report Abuse

Buy now

Ganii

58 posts

Posted by Ganii > 2017-09-11 10:01 | Report Abuse

Volume coming

centrio88

137 posts

Posted by centrio88 > 2017-09-11 10:29 | Report Abuse

Yes ..coming

centrio88

137 posts

Posted by centrio88 > 2017-09-11 11:26 | Report Abuse

Strong support

Alibabaa

59 posts

Posted by Alibabaa > 2017-09-11 11:30 | Report Abuse

Good

JaJa7777

90 posts

Posted by JaJa7777 > 2017-09-11 12:58 | Report Abuse

Scomi Engineering getting kicked out of India and imposing fines!!

According to MMRDA officials, the contract with Malaysian firm, Scomi Engineering was for three years, and now it was up to MMRDA to either stay with the same contractor or appoint a new one.

The bid floated by MMRDA on Thursday, reads, “MMRDA invites bids for operation and maintenance for elevated Monorail for 10 years.”

Not good news.......But was inevitable.
Any news from court in KL?

centrio88

137 posts

Posted by centrio88 > 2017-09-11 14:54 | Report Abuse

Old news

centrio88

137 posts

Posted by centrio88 > 2017-09-11 14:55 | Report Abuse

Corporate exercise sure up

pretty_life

4,810 posts

Posted by pretty_life > 2017-09-11 15:14 | Report Abuse

Look like going to shoot up son and wanna break 0.170

Espresso

31 posts

Posted by Espresso > 2017-09-11 17:21 | Report Abuse

Oil price goes up again

Espresso

31 posts

Posted by Espresso > 2017-09-12 11:39 | Report Abuse

it is undervalue as TP is .17 -..18

Alibabaa

59 posts

Posted by Alibabaa > 2017-09-12 11:46 | Report Abuse

To me, the TP should be 0.45 at least with the following news:

Scomi had entered into a JV to pursue business opportunities in the EPC of hydropower plants and wind farms in Asia, including Australia and Turkey.

Its JV partners are shareholders of Imartek Sdn Bhd, which owns a plant that manufactures core components of hydro turbines and generators.

As Australia aims to increase its clean power sources to 23% by 2020, of which wind has been identified as a major contributor, while Turkey is targeting to generate an additional 1,000MW of wind energy.

nippy65

197 posts

Posted by nippy65 > 2017-09-12 12:14 | Report Abuse

Alibabaa, if only what is stated can be converted to job/contract awards. Otherwise is only a piece of news appearing on paper with feel good feeling and does not carry value.

i_investor

934 posts

Posted by i_investor > 2017-09-12 23:05 | Report Abuse

The Scomi Engineering team and Microsoft managed to build the PoC together in the span of about four months with no IoT programming background. This PoC will allow them to showcase the solution as part of their add-ons in the product. They will continue to use this PoC for their next phase of providing integration with Dynamics CRM to automate the task assignments sent to the maintenance department. In addition, by collecting data in DocumentDB, they would like to be able to do predictive maintenance by using Azure Machine Learning.

The success of this PoC allows Scomi Engineering to start pitching this solution to their existing and new customers. As a company that provides transportation solutions, they’re extending this project to cover other scenarios such as fleet management.

More details: https://microsoft.github.io/techcasestudies/iot/2017/07/25/ScomiEngineering.html

centrio88

137 posts

Posted by centrio88 > 2017-09-13 08:42 | Report Abuse

Strong support

centrio88

137 posts

Posted by centrio88 > 2017-09-13 09:39 | Report Abuse

Strong support at 0.115

centrio88

137 posts

Posted by centrio88 > 2017-09-13 10:53 | Report Abuse

Coming

centrio88

137 posts

Posted by centrio88 > 2017-09-13 11:09 | Report Abuse

Strong buying

Alibabaa

59 posts

Posted by Alibabaa > 2017-09-13 14:06 | Report Abuse

Merging is good decision

Foogle

40 posts

Posted by Foogle > 2017-09-13 17:59 | Report Abuse

Scomi should go up togther with the oil price

Jibby

21 posts

Posted by Jibby > 2017-09-13 18:01 | Report Abuse

Najib said govt is planning to invest in USA. Hopefully Scomi will benefit from it.

meistsk3134

2,368 posts

Posted by meistsk3134 > 2017-09-13 18:24 | Report Abuse

from 45cent to 10cent.... can buy? i know it very cheap now yet. have no confident on it since 2015 i buy and loss lot

Boonming

34 posts

Posted by Boonming > 2017-09-14 11:35 | Report Abuse

Many O&G companies are making loss. But Scomi is quick in responding to the current oil price by merging it and give the mother ship 3 nice revenue streams. As long as they can balance the revenue, it should be doing better than other O&G dependent companies.

Alibabaa

59 posts

Posted by Alibabaa > 2017-09-14 11:37 | Report Abuse

Good analysis

Ganii

58 posts

Posted by Ganii > 2017-09-14 12:06 | Report Abuse

Scomi subsi Scomi Energy alone still has an order book that stands at RM2.67 billion. No worries.

JaJa7777

90 posts

Posted by JaJa7777 > 2017-09-14 12:51 | Report Abuse

Ganii, You can have the biggest order book in the world but the facts remain, Scomi EN revenue is down (163 Million) losses are up (-20 Million) and loans and liabilities sitting at 900 Million!!!
Of that order book, what is sitting in India, Brazil and in KL??? India have retendered for the M&O and 6 units sitting idle and broken down with more still to be delivered and no sign of that happening soon, India imposing fines against late delivery and worse to come..., Brazil - Failure to deliver.... KL - Failure to deliver, Units sitting idle, safety issues and court case looming.

But dont worry - the directors have all been paid and are looking to merge with two other loss making companies

winmal

1,128 posts

Posted by winmal > 2017-09-14 16:36 | Report Abuse

the merger plan by creating new group to continue to fund the loss making company. thereafter by way of disposal valuable assets to raise fund of US 50 million to settle problematic Monorails business. Advocate the merger plan is creating shareholders value, effective structure & stronger financial position after merged. Scomi energy business losses NOT cause by internal issues, due to lower oil price BUT scomi Eng is not performing well even in Malaysia. Business failure

JaJa7777

90 posts

Posted by JaJa7777 > 2017-09-14 18:45 | Report Abuse

Scomi is third party equipment service provider & chemicals to the O&G industry, low oil prices mean less operators and the requirement those services, higher oil prices only allow operators to work at a reasonably margin, even if the oil prices shot up over-night and the operators were comfortable to start ramping up operations, Scomi would still have to go out there and win new work....
Selling off the assets from the O&G side to fund transport makes sense but only if the demand is already there and its not, as there is no new work or contracts won in transport - only issues.
Once and if the O&G assets are sold off?? regardless of the Oil prices and demand for equipment there will be no assets so no work
If we look at the potential that is Ophir - yes oil prices will have an impact but only when the oil is flowing, processed and sold..... and on that point what is happening with the FPSO??

At the end of the day we are all here to try and make a few bucks out of stocks and shares.
with all of the above the potential of the share prices going up to any sort of real leavel are extremly limited.
The share options that have been mentioned are just not viable for us at the levels they are now.
Not only that once all the shares have been handed out and this mess that they have created gets sorted out, the company will be drastically devalued, then they sell off the assets......the losses are not going to stop overnight and the loans still need to be serviced and repaid - what are you left with?????

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