i dont think scomi is that kind of company that would give false info or hope regarding the new investor. If u believe, than buy, if not, sideline je..no harm, after all..price at 10.5 seem attractive already by itself
True, SCOMI involves in Energy, Infrastructure & Equipments Services. Government has assigned both important country infrastructure projects of Large Scale Solar Energy Supply & Monorail Transportation projects to SCOMI means SCOMI has got hope. The monorail project secured recently is just a bonus for SCOMI. Actually SCOMI has sealed a deal with Tenaga Nasional Bhd for 30MWac Large Scale Solar Photovoltaic Power Plant on a build-own-operate basis and with power purchase for 21 years from Dec 31, 2018 the commercial operation date, at Bandar Sungai Petani, Kuala Muda, Kedah. [REF] https://www.thestar.com.my/business/business-news/2017/03/28/strong-elegance-signs-deal-with-tnb/
i_investor, was there any anouncement made by the Company that the Large Scale Solar Plant has commenced commercial operation on 31/12/18 ? I did not hear or see any news on its timeline progress since the announcement in the Star 2017. Surely, an announcement has to be made on the progress, be it delayed, terminated or commercial generation has started.
i_investor, today is 26/04/19. 31/12/2018 which is supposed to start commercial production at the Large Scale Solar Plant in the statement from Scomi. So, is the Solar Plant project terminated, work-in-progress, delayed for whatever reason or already in commercial operation ? Where is the official announcement from Scomi/TNB to put the matter to a comfimation ? Would appreciate one more round of your homework to enlighten not only me but many Scomi followers out there as well. Thanking you in advance.
We refer to our announcements dated 13 February 2019, 15 February 2019, 21 February 2019, 7 March 2019, 8 April 2019 and 22 April 2019. Unless otherwise stated, the definitions used throughout this announcement shall have the same meanings as defined in the Announcement.
The Company wishes to inform that MBB has via its letter dated 30 April 2019 granted SGB a further extension of time until 15 May 2019.
its only a relief, buying some time to prevent a default, lets us keep our fingers crossed to see how they turn around with the newly contract win. Pls walk dont fly haha
This is old news but it's coming. The PTMP will start early of next year but so far no company awarded this project BRT-LRT-Monorail project. So far only two company (Scomi & China company) submitted the quotation to Penang Government.
Pak Lah just a play safe man. No excitement. At least we can buy a lot of stock at a cheap price. Who can imagine Scomi from RM4.00 going down to 4 cents...
Please do not shoot up so quick. I am waiting for my margin finance to be approved.
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Posted by Ron90 > 2019-04-25 10:32 | Report Abuse
i dont think scomi is that kind of company that would give false info or hope regarding the new investor. If u believe, than buy, if not, sideline je..no harm, after all..price at 10.5 seem attractive already by itself