Posted by limen12 > 2019-09-26 14:25 | Report Abuse

yes. so, my point is the additional value for Scomi will only come from the future projects that hopefully will come to Scomi. At this point, it's just a good price to enter for long term.

Posted by i_investor > 2019-09-26 15:39 | Report Abuse

well, not only for scomi, any new scomies project also count into scomi as well but not the other way because scomi is the mother holding company of scomies, just keep monitoring, see how it goes.

Posted by i_investor > 2019-09-27 09:45 | Report Abuse

Happy Friday !!!

Posted by i_investor > 2019-09-27 10:27 | Report Abuse

limen12, when you monitor news, not to miss out the 2 more companies, that is Strong Elegance, next is Skoda.

Strong Elegance is SCOMI 30% owned company in renewable energy Large Scale Solar Photovoltaic Power JV with Lembaga Tabung Angkatan Tentera Malaysia. They was awarded to sell energy generated by the facility to TNB for a period of 21 years.
Meanwhile, SCOMI aims to secure another, an estimated RM1 billion worth of projects from its new ventures into the renewable energy (RE) .

Czech transportation engineering company Skoda partnership with SCOMI since 2015 for the joint development of MRT and LRT vehicles to allow both parties to tap into each other's market in different countries and different market segments.

Posted by limen12 > 2019-09-27 14:29 | Report Abuse

thanks for sharing this info. Will definitely keep the look out for news in these companies.

Posted by limen12 > 2019-09-27 14:43 | Report Abuse

But reading their quarterly reports, their result from associate/JV are negative. meaning these JVs are not yet making money for Scomi.

Posted by i_investor > 2019-09-27 15:21 | Report Abuse

limen12, you are most welcome.

SCOMIES quarterly reports also showing negative results, not only SCOMI, but people are still chasing after SCOMIES, why? Because of the intrinsic value & prospect.

A few tycoons together are choosing the mother company SCOMI to pump in their money into SCOMI, why? Must be because of the intrinsic value & prospect in the basket that the tycoons see , that they may have already known !

Posted by i_investor > 2019-09-27 15:24 | Report Abuse

1. there is additional investment from Tan Sri Nik Awang @ Wan Azmi Bin Wan Hamzah and Gelombang Global Sdn Bhd of RM21million each totaling RM42million; and

2. Tan Sri Nik Awang @ Wan Azmi Bin Wan Hamzah and Gelombang Global Sdn Bhd will pay the RM42million in advance as loan subject to interest to replace the loan of RM20million by Sharp Ascend Ltd, hence there will be an additional RM22million cash flow.

Posted by i_investor > 2019-09-27 16:07 | Report Abuse

The MRT and LRT was put on hold last time, but now, the dispute between Prasarana Malaysia Bhd and SCOMI has come to an end with the signing of a new contract worth RM303 million.

In MRT and LRT , the mantainance & replacement parts are proprietary because of the safety and designed patent, cannot be simply changed. So in future must go back to SCOMI and that will be another income.

As for the Strong Elegance , SCOMI 30% owned company in renewable energy Large Scale Solar Photovoltaic Power JV with Lembaga Tabung Angkatan Tentera Malaysia. They was awarded to sell energy generated by the facility to TNB for a period of 21 years , commercial operation date of Dec 31, 2018, is build-own-operate basis.

The RE ROI from future operate will be a kind of recurring income for both Lembaga Tabung Angkatan Tentera Malaysia & SCOMI. It is also a good starting point for SCOMI to secure another RM1 billion worth of projects from its new ventures into the renewable energy (RE) expected in this year.

Posted by Ahlanah > 2019-09-30 12:09 | Report Abuse

Wow.almost a month. Still no response from bursa.why does it take so long.

Posted by Shines > 2019-09-30 13:34 | Report Abuse

Collect enough first then only the waiver announcement will come

Posted by limen12 > 2019-10-01 16:51 | Report Abuse

what good news? been a month since they sent to Bursa waiver. My guess is they have the waiver but not announcing it.

Posted by Shines > 2019-10-02 09:48 | Report Abuse

I dont think so, once received must announce

Posted by i_investor > 2019-10-02 19:45 | Report Abuse

limen12, yes, you see the DNEX got a contract and the contract was from 10 August 2019 to only 9 August 2020, after so many months passed and now only today few more months left then they announce ! They want to cheat investors (you can check before that they also pressed down DNEX price) so that they have got enough accummulation and now they can sell on news ?!?!! Is Bursa let this kind of cheating going on ?!??

So it is possible that SCOMI may also keep the info for themselves too.

Is Bursa let this kind of cheating going on ?!??

Posted by i_investor > 2019-10-02 19:52 | Report Abuse

limen12, if you are long enough in this malaysia bursa market, then you may know that a lot of time their corporate news keep u turn and u turn. Just for example the most recent one related to syed mokhtar and fgv news. You may want to check back the story line. That is just the tip of the iceberg. There are many more.

Posted by limen12 > 2019-10-03 00:10 | Report Abuse

so, are you telling me there's potential that Scomi will bankrupt because rights issue failed?

Posted by i_investor > 2019-10-03 03:05 | Report Abuse

limen12, no. is not that what I mean.

What I am saying is that the SCOMI waiver info that could have been kept and pending for announcement like what DNEX did.

DNEX project was actually have been going on since 10 August 2019 but only now they announce it and Bursa just let it be.

See: http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=97797&name=EA_GA_ATTACHMENTS

you see the DNEX got a contract and the contract was from 10 August 2019 to only 9 August 2020, after so many months passed and now only today few more months left then they announce ! They want to cheat investors (you can check before that they also pressed down DNEX price) so that they have got enough accummulation and now they can sell on news ?!?!!

Is Bursa let this kind of cheating going on ?!??

So other companies may follow the style and doing the same since bursa never care about it !

So there is possibility that SCOMI waiver info that could have been kept and pending for announcement to their like, like what DNEX did.

For the most recent u turn and u turn , you see most recent news just keep changing within a few days
[sept 24]
https://www.theedgemarkets.com/article/fgv-unaware-syed-mokhtars-move-plantation-giant

[only few days later, on sept 30 news, see that! ]
https://www.theedgemarkets.com/article/newsbreak-syed-mokhtar-making-his-move-fgv


As for the SCOMI corporate exercise part, it is already confirmed in the news and further to that you can also see transfer activities has been carried out.

https://malaysiastock.biz/Company-Announcement.aspx?id=1170233

https://www.theedgemarkets.com/article/scomi-group-gets-rm42m-loans-two-new-shareholders

https://www.theedgemarkets.com/article/newsbreak-scomi-gets-lift-new-shareholders

Posted by limen12 > 2019-10-03 12:28 | Report Abuse

oh thanks for clarifying. My guess is that they won't wont to release the waiver news yet, but is waiting to sort out the rights issue date first. They wouldn't want the company price to move up too much if not their right issue need to be re-priced at higher price, which all shareholders need to fork out more money.

Posted by limen12 > 2019-10-05 17:18 | Report Abuse

Market pretty bad shape now. Hopefully they don't delay the rights issue too long. Any indication by when the rights issue will be issued?

Posted by bigfund > 2019-10-06 00:25 | Report Abuse

Next week maybe a spike

Posted by Shines > 2019-10-07 22:02 | Report Abuse

Week after week waiting haha

Posted by investopology > 2019-10-08 08:50 | Report Abuse

this is old man stock. only invest if you have extra money. or else you better put your cash in the bank for interest.

Posted by stncws > 2019-10-08 16:11 | Report Abuse

suddenly hot hot...buy warrant

Posted by Shines > 2019-10-10 06:57 | Report Abuse

Yes, see hot hot jump in, hope wont get burnt

Posted by Shines > 2019-10-10 17:52 | Report Abuse

Also waiting for after budget to annouce?

Posted by CK Lim > 2019-10-11 15:31 | Report Abuse

Scomi will be heated up now...

Posted by bigfund > 2019-10-13 17:40 | Report Abuse

Tomorrow will be heating up more

Posted by Anisdesanika > 2019-10-13 17:59 | Report Abuse

Yes.Agreed.Tommorow market hot2.Even Scomi can go up.

Posted by limen12 > 2019-10-13 18:42 | Report Abuse

Scomi wont go up a lot till the waiver is annouced, which I think they will announce together with the rights issue

Posted by Mnorhazlan Yusoff > 2019-10-14 09:20 | Report Abuse

Heating down

Posted by 7300 > 2019-10-15 14:56 | Report Abuse

told u mr bonk 007

Posted by Simon Yoon Lam Chan > 2019-10-15 16:54 | Report Abuse

This counter only will move after the right issue ?

Posted by Peter Leong > 2019-10-15 18:14 | Report Abuse

Be patient, this counter will be moving upward soon. I have confidence in this counter.

Posted by limen12 > 2019-10-15 22:24 | Report Abuse

Yes, it will move only after waiver announcement. Together with rights issue.

Posted by Badkama > 2019-10-16 09:21 | Report Abuse

Another screwed up analysis by Calvin. Many left to bleed. There is lots of issues that need to be resolved,do we have the patient when there are other interesting counters to consider.

Posted by 7300 > 2019-10-16 14:43 | Report Abuse

ceh...said sell,but why scared meet 007 get bonk arse..........

Posted by Shines > 2019-10-16 17:39 | Report Abuse

I tot coming just now, it turn out to be cuming

Posted by Ron90 > 2019-10-17 01:28 | Report Abuse

almost 2 months ...still waiting bursa approval for their proposals

Posted by limen12 > 2019-10-17 14:34 | Report Abuse

like i said. Even if they received, they are not announcing yet, they are waiting for rights issue to be announced together. Just patiently wait

Posted by Peter Leong > 2019-10-17 21:10 | Report Abuse

Agree with you limen 12.

Posted by Peter Leong > 2019-10-18 14:01 | Report Abuse

Just a matter of time before this counter shoot up.

Posted by arcadiafire > 2019-10-18 14:25 | Report Abuse

https://m.malaysiakini.com/news/496410 Penang LRT project

Posted by 7300 > 2019-10-21 15:24 | Report Abuse

why no scarce 4 become 1.....where is 007,bonk king

Posted by sylvester89 > 2019-10-21 17:26 | Report Abuse

Scomi Company will declare bankruptcy soon in this year or next year due to Malaysia share market also will be fall into 1.3k by next year if no mistake.

worse than oversea market base on Malaysia history 1997 and 2019

Posted by Mnorhazlan Yusoff > 2019-10-22 08:11 | Report Abuse

Better declare bankruptcy asap

Posted by Peter Leong > 2019-10-22 22:52 | Report Abuse

Are you all happy if Scomi is declare bankruptcy?

Posted by 7300 > 2019-10-22 22:59 | Report Abuse

not happy 007 wait neck long for weeks to J.bonk also no happening

Posted by 7300 > 2019-10-24 10:52 | Report Abuse

aiya....jamed again waiting Mr Bonk

Posted by 7300 > 2019-10-25 10:01 | Report Abuse

aisay.....4 become 1, people goes where 007?.....lorry lama tunggu

Posted by 7300 > 2019-10-25 10:57 | Report Abuse

wanna be mr bonk also cannot