SCGM BHD

KLSE (MYR): SCGM (7247)

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Last Price

0.71

Today's Change

-0.005 (0.70%)

Day's Change

0.71 - 0.715

Trading Volume

320,400


13 people like this.

2,892 comment(s). Last comment by DragonG 2 hours ago

Lim288

125 posts

Posted by Lim288 > 2021-04-05 12:07 | Report Abuse

usa product?

Finnmm

40 posts

Posted by Finnmm > 2021-04-05 17:06 | Report Abuse

So sudden

fachoi

130 posts

Posted by fachoi > 2021-04-05 20:11 | Report Abuse

as i know, few groups still holding million shares, they want to push until 2.5

Posted by BALANCE_VIEW > 2021-04-06 10:58 | Report Abuse

RM2.50 only?

LimitUp

3 posts

Posted by LimitUp > 2021-04-07 00:08 | Report Abuse

Limit up

Stephy270

15 posts

Posted by Stephy270 > 2021-04-07 10:14 | Report Abuse

limit down

Posted by Dontbullshit > 2021-04-07 21:03 | Report Abuse

Target price RM 3

gohuat888

268 posts

Posted by gohuat888 > 2021-04-08 09:14 | Report Abuse

yaya gogogo 2.6 first then 3.0 food panda grab food gogogogo all take away

gohuat888

268 posts

Posted by gohuat888 > 2021-04-08 09:29 | Report Abuse

good good bull come no need withdraw epf rakyat earn from klci gogogo bring economic back

gohuat888

268 posts

Posted by gohuat888 > 2021-04-08 09:54 | Report Abuse

cgb chasing kuat gogogo scgm 2.6

Myeye

1,373 posts

Posted by Myeye > 2021-04-08 16:01 | Report Abuse

~.~

fachoi

130 posts

Posted by fachoi > 2021-04-08 19:56 | Report Abuse

i already told you all few groups holding few millions share already, just buy and wait

Papayashot

377 posts

Posted by Papayashot > 2021-04-12 17:13 | Report Abuse

gohuat888, r u in euphoria ah?? y always gogogo...

Consultant

1,200 posts

Posted by Consultant > 2021-04-13 09:58 | Report Abuse

Current share price already estimating next quarter would improve further.. if it didn't do better.. it will go down when next quarter out lol

Myeye

1,373 posts

Posted by Myeye > 2021-04-14 09:44 | Report Abuse

~.~ GO GO GO ~.~

gohuat888

268 posts

Posted by gohuat888 > 2021-04-14 10:43 | Report Abuse

gogogo 2.6 la packaging scgm hahaha

Posted by BALANCE_VIEW > 2021-04-16 12:58 | Report Abuse

Consultant ...... I know mother is lady

Posted by Dontbullshit > 2021-04-16 22:31 | Report Abuse

When the resin price goes up, ASP up, when the resin price start to drop, ASP remain...

Consultant

1,200 posts

Posted by Consultant > 2021-04-26 15:27 | Report Abuse

Lol.. like I said let's see next quarter.. this quarter can reach 2 already can laugh... To reach back 3.5 next quarter earning need to double.. do u think they can? Haha

Papayashot

377 posts

Posted by Papayashot > 2021-04-26 17:20 | Report Abuse

consultant, Y u said in order to reach RM 3.5, earnings need to be doubled? Any justification?

Consultant

1,200 posts

Posted by Consultant > 2021-05-05 10:48 | Report Abuse

Papayashot consultant, Y u said in order to reach RM 3.5, earnings need to be doubled? Any justification?
26/04/2021 5:20 PM



There was a link teaching you how to calculate target price.. Will share you once i found it.. It was calculating on topglove.. very interesting video

Posted by Dontbullshit > 2021-05-08 15:19 | Report Abuse

Resin price has started to drop this month.

ming

2,056 posts

Posted by ming > 2021-05-11 23:24 | Report Abuse

By Timothy Aeppel

(Reuters) - The small U.S. manufacturers that rushed to produce face masks over the past year are now stuck with hundreds of millions of unsold face coverings because China is flooding the market with below-cost masks, and most may not survive the end of the pandemic.

That's the thrust of a letter to President Joe Biden released Tuesday by a trade group representing 26 small manufacturers that set up production of the badly needed safety items as the health crisis took hold last year.

The manufacturers said over half their production would be forced offline in 60 days if they don't get immediate federal aid, costing thousands of jobs. They blame low-priced imports, especially from China.

"We write to you with a request for immediate help against unfair trade practices by foreign nations that threaten the viability of the U.S. domestic PPE mask manufacturing industry, as well as future U.S. pandemic preparedness efforts," the newly formed group, the American Mask Manufacturer's Association, said in the letter.

The group said they have capacity to produce 3.7 billion surgical masks and more than 1 billion of the higher-protection N95 masks a year - and are now sitting on stockpiles of 260 million surgical masks in their warehouses that they are struggling to sell. Another 20 million N95s are also on factory shelves.

When masks were in short supply last year, prices surged. But prices have now crashed, and hospital administrators and others are shopping for the best prices in a market crowded with new offerings.

A box of 50 surgical masks which sold for more than $50 a year ago can be found for $5 now.

The trade group said while there are 3 to 6 cents in raw material in every surgical mask, imported Chinese surgical masks now sell for an average of 1 cent each. "China ... is effectively dumping masks on the U.S. market at well below actual costs."

"If this remains unchanged, 54% of our production will go offline in 60 days and 84.6% in less than a year," the group said in the letter. The group said they'd created more than 7,800 U.S. jobs in the last year, but roughly a third of those have already been lost to production cuts.

PROTECTING PRODUCERS

The Biden administration has pledged to look at ways to support domestic producers of protective equipment - including potentially finding ways to subsidize U.S. producers - but the government reviews are still underway.

"The idea that everyone expressed during the crisis - that we need to avoid (PPE shortages) ever happening again - hasn't changed profit-driven institutions," said James Wyner, chief executive of Shawmut Corp., a West Bridgewater, Massachusetts, maker of engineered materials that expanded into mask production during the crisis. "The distributors are still sourcing their stuff at the lowest price."

Wyner said he's selling masks from his new production lines, but "substantially less than we would like."

Adam Albrecht, senior quality control manager at Indiana Face Mask, another small producer, said when the firm first started producing the higher-filtration N95 masks last year, "People came out of the woodwork, saying: 'We can sell this, we can sell this.' But it seems no matter how much we adjust prices down, the Chinese stay just below."

Some of the small mask makers are confident they will survive.

Dan Izhaky, who together with a partner has invested $4 million in a new mask factory outside Los Angeles, said the challenge is greater for makers of surgical masks, the ubiquitous safety masks that are relatively easy to make. Izhaky's company makes more complex N95 masks and he said he has continued to expand. "But we also believe the Biden administration is going to take a number of steps down the road to really help us be sustainable," he said.

The mask trade group - which doesn't include industry giants such as 3M Co. and Honeywell International Inc (NYSE:HON). - urged the Biden administration to take immediate action to support the industry.

Their recommendations include requiring the federal government and any other institution receiving federal dollars for buying protective equipment to buy only U.S.-made masks that comply with government rules on domestic content and remove any masks in the federal stockpile that don’t meet federal standards. They also want the administration to require any hospital that accepts federal funds to earmark 40% of its spending on PPE for domestic producers by 2023.

They are also asking the government to consider buying the 260 million masks now stockpiled at the new factories.

Posted by Dontbullshit > 2021-05-12 20:02 | Report Abuse

@ming The main business of SCGM is manufacturing of the plastic

BlackWhite

1,053 posts

Posted by BlackWhite > 2021-05-17 11:02 | Report Abuse

Likely to go down below 2 again

Consultant

1,200 posts

Posted by Consultant > 2021-05-17 12:21 | Report Abuse

BlackWhite Likely to go down below 2 again
17/05/2021 11:02 AM


agreed.. like i said it will go back to 1.7 before next QR out

Papayashot

377 posts

Posted by Papayashot > 2021-05-19 09:50 | Report Abuse

how to calculate 1.7, Consultant?

holihom

29 posts

Posted by holihom > 2021-05-19 10:06 | Report Abuse

up 13 sen. what happen?

Petronas

815 posts

Posted by Petronas > 2021-05-19 10:50 | Report Abuse

Good buy

Myeye

1,373 posts

Posted by Myeye > 2021-05-25 16:02 | Report Abuse

~.~

Myeye

1,373 posts

Posted by Myeye > 2021-05-27 09:32 | Report Abuse

~.~

c2k9791

269 posts

Posted by c2k9791 > 2021-05-27 16:00 | Report Abuse

Most of the plastic mfg company green but not SCGM...Come on la...

Posted by Dontbullshit > 2021-05-28 11:23 | Report Abuse

RM3 coming soon

Posted by BobbyAxelrod > 2021-06-01 00:18 | Report Abuse

Revenues of plastic and packaging makers to rise across the board

https://www.klsescreener.com/v2/news/view/812621/revenues-of-plastic-and-packaging-makers-to-rise-across-the-board

Posted by BobbyAxelrod > 2021-06-01 08:53 | Report Abuse

Lockdown = mega profit for plastic packaging manufacturers: $SCGM $TGUAN $SCIENTX $DAIBOCI $TOMYPAK $SLP

Posted by BobbyAxelrod > 2021-06-01 09:00 | Report Abuse

During lockdown, the demand for plastic packaging surges for quite some time as evidenced by these counters previous lockdown's financial results. Most counters $SCGM $TGUAN $SCIENTX $DAIBOCI $TOMYPAK $SLP are now reasonably priced. Thank me later.

Posted by Dontbullshit > 2021-06-07 20:37 | Report Abuse

Resin price is continue to coming down now but ASP elevated.

Posted by BobbyAxelrod > 2021-06-09 10:24 | Report Abuse

The next one to announce earning will be DAIBOCI.

Consultant

1,200 posts

Posted by Consultant > 2021-06-10 14:55 | Report Abuse

Quarter result almost out.. let's watch movie.. will it break 3 or go down below 2 again

Posted by Dontbullshit > 2021-06-14 15:24 | Report Abuse

Oil price is up but plastic resin price keep dropping...

Papayashot

377 posts

Posted by Papayashot > 2021-06-14 19:30 | Report Abuse

Guys, may I know how to check resin price? Can share any link?

Posted by serendipity89 > 2021-06-16 09:08 | Report Abuse

Gogogo

loss9696

82 posts

Posted by loss9696 > 2021-06-16 22:46 | Report Abuse

time to go back to my entry price 3.59?

Posted by serendipity89 > 2021-06-17 06:37 | Report Abuse

still stuck at 3.00 T.T

Posted by Young Padawan > 2021-06-17 07:32 | Report Abuse

When is QR?

Posted by Dontbullshit > 2021-06-17 10:59 | Report Abuse

Target price RM 3.20

Consultant

1,200 posts

Posted by Consultant > 2021-06-18 14:44 | Report Abuse

QR should be end of this month

BILLION_Q

235 posts

Posted by BILLION_Q > 2021-06-19 18:25 |

Post removed.Why?

Posted by serendipity89 > 2021-06-20 09:46 | Report Abuse

The boss (DS Lee) have a sharing session on SCGM outlook on 28th June 8pm on Zoom. near to quarter result release day. hope for good news.

Zoom Meeting ID : 895 8125 9211
Passcode : 791652

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