Posted by CaiShenYe > 2017-05-31 17:47 | Report Abuse

hello 15cent

Posted by chinaman > 2017-06-12 18:11 | Report Abuse

KUALA LUMPUR: Rapid Rail Sdn Bhd dan Scomi Engineering Berhad mengenal pasti 13 pengubahsuaian kritikal berkaitan keselamatan yang perlu dilakukan terhadap tren monorel 4 gerabak sebelum mengembalikannya untuk diservis.

Dalam kenyataan hari ini, Ketua Pegawai Eksekutif Rapid Rail, Datuk Zohari Sulaiman berkata, setakat 25 Mei lepas, Scomi mengenal pasti 26 pengubahsuaian yang perlu dibuat terhadap tren berkenaan.

Menurutnya, daripada jumlah itu, 13 pengubahsuaian adalah kritikal demi keselamatan dan perlu dilakukan sebelum tren berkenaan dikembalikan untuk diservis.

“Walaupun Scomi mengisytiharkan tren monorel 4 gerabak itu layak beroperasi, tetapi sebagai pengendali rel bandar yang bertanggungjawab, profesional dan berpengalaman, Rapid Rail tidak akan mendedahkan keselamatan orang ramai kepada sebarang risiko,” katanya.

Zohari berkata, Rapid Rail hanya akan menggunakan tren berkenaan setelah mendapat pengesahan Scomi.


Katanya, setelah jurutera Scomi mengesan kekurangan pada tren itu dan mencadangkan beberapa pengubahsuaian yang perlu dilakukan, ia tidak segera dilakukan dan ini meningkatkan risiko terhadap keselamatan penumpang.

“Perkara yang menjadi keutamaan segera Rapid Rail ialah memastikan Scomi yang memperakui pelbagai pengubahsuaian perlu dilakukan terhadap tren monorel 4 gerabak itu, melakukannya dengan segera dan teliti.

“Tiada pihak dan perkara lebih penting daripada keselamatan pelanggan kami dan orang ramai,” katanya.

Rapid mengeluarkan kenyataan itu sebagai respons terhadap laporan media yang memetik kenyataan Scomi tentang keadaan tren monorel dan kelayakannya untuk beroperasi.

Posted by gcke > 2017-07-25 16:57 | Report Abuse

Latest news update.Read -http://www.freemalaysiatoday.com/category/highlight/2017/07/25/can-scomi-engineering-keep-going/

Posted by nippy65 > 2017-07-26 07:42 | Report Abuse

In a very precarious situation .

Posted by Stanley See Swee Chuan > 2017-07-27 12:34 | Report Abuse

Rumour ijm or china company take over

Posted by Hebe Chua > 2017-07-27 12:38 | Report Abuse

Ya, I heard the same too..

Posted by Stanley See Swee Chuan > 2017-08-16 03:14 | Report Abuse

China company buy stake in scomien this few day..stay tune

Posted by Stanley See Swee Chuan > 2017-08-16 03:16 | Report Abuse

Will shoot up fast once announce..target price rm0.60

Posted by 雷汉勇 > 2017-08-17 09:19 | Report Abuse

wa, 得救了！！

Posted by 雷汉勇 > 2017-08-17 09:32 | Report Abuse

shoot!

Posted by SusuKacang > 2017-08-17 12:03 | Report Abuse

My luckiest ever thanks!

Posted by starfish88 > 2017-08-17 12:45 | Report Abuse

why suddenly up so much?

Posted by ladahitam > 2017-08-17 15:07 | Report Abuse

all suspended today

Posted by 雷汉勇 > 2017-08-17 15:15 | Report Abuse

Why suspended?

Posted by starfish88 > 2017-08-17 15:30 | Report Abuse

any news?

Posted by 雷汉勇 > 2017-08-17 16:08 | Report Abuse

gcke Latest news update.Read -http://www.freemalaysiatoday.com/category/highlight/2017/07/25/can-scomi-engineering-keep-going/

Posted by nippy65 > 2017-08-18 10:26 | Report Abuse

gcke, your news is not latest news.

Posted by foong2 > 2017-08-21 17:49 | Report Abuse

suspense until when?

Posted by starfish88 > 2017-08-21 18:53 | Report Abuse

tomorrow open

Posted by foong2 > 2017-08-22 14:04 | Report Abuse

good or not? k buy?

Posted by i_investor > 2017-09-13 12:29 | 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

Posted by JaJa7777 > 2017-09-14 13:14 | Report Abuse

PoC for an electronical monitoring system is all good and well, kind of pointless though if you cant deliver the basic mechanical requirements to get things up and running in the first place.....
I'm sure that their existing customers would much prefer that all the units that are sitting idle and broken down let alone not delivered were up and running before anything else.
would love to see how they sell this to the Indian, Brazilian and KL operators that all have major issues with Scomi Monorail.......
Old saying goes "Learn to walk before you try to run".........

Posted by i_investor > 2017-09-19 09:39 | Report Abuse

Hi Jaja7777, good to know that you have this stock since the price is good for you today! The price will speak for itself. :) Good day to you ahead!

Posted by pretty_life > 2017-09-19 10:54 | Report Abuse

Stay strong the price at 0.160z

Posted by i_investor > 2017-09-19 10:59 | 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

Transportation providers are expected to offer services that are reliable, punctual and safe. Ideally, these services should also be energy efficient.

Meeting those needs is a hefty task, but digital tools like Siemens' Smart Guidance, Smart Monitoring and Smart Data Analysis help make it a lot easier.

The most common causes for delayed trains are technical and/or mechanical malfunction. Appropriate maintenance is the only way to avoid any unexpected problems.

Locomotives, trains, components and train automation systems are all sources of data. Once this data has been processed, Smart Data Analysis, in synergy with Smart Monitoring, can be used to analyse trends and constantly monitor the status of machinery.

The result: predictive maintenance for vehicles and infrastructure. This significantly reduces overall maintenance time, and subsequently increases service reliability and availability.

http://www.theedgemarkets.com/content/advertise/Overcoming-reliability-challenges-through-digitalisation

Posted by i_investor > 2017-09-19 11:00 | Report Abuse

In stock biz it is not only what you know, but it is who you know and rely upon !

Posted by JaJa7777 > 2017-11-23 12:49 | Report Abuse

Two days - no bids...???

Posted by Bennychua > 2018-01-04 23:59 | Report Abuse

Wake up Liao bo

Posted by setia2u > 2018-01-09 18:38 | Report Abuse

Haha ... this is the stock stands to gain much from the 2 to 1 merger, easily another 30% upside.

Posted by setia2u > 2018-01-09 19:45 | Report Abuse

BTW, do some calculation based on the ratio of merger.... it shall be 43.5 based on SCOMI price of 17.5.

Posted by taitaumau > 2018-01-10 00:23 | Report Abuse

FOR SHARING PURPOSE ONLY

Let say scomi Ex warrant (1 for 2) at to-day price, RM 0.175 per share
For illustration purpose, we have RM 3,500 at start

Option 1, buy Scomi

B4 Conso, 20,000 shares (RM 0.175 x 20,000) or

After Conso/Ex warrant, 10,000 shares,(RM 0.350 x 10,000) + 5,000 free warrants

Option 2, buy Scomien at to-day price

RM 3,500 / RM 315 = 11,111 shares, in exchange for, AFTER MERGER

11,111 x 10/7 = 15,873 Scomi + 1,587 free warrants


Now, say adjusted price for scomi goes this way,

RM 3,500 = 10,000 shares x 0.27 + 5,000 x 0.165

(on the basis :warrant worth 0.6 of mother share - on high side?)

Option 1, market value remains = RM 3,500

Option 2, market value = 15,873 x 0.27 + 1,587 x 0.165 = RM 4,547


So at scomi price of 0.175 now

1 scomien worth = RM 4,547 /11,111 = 0.41 ( 30% upside gain ?)



Assumptions( B4 scomi conso/Ex warrant)
Scomi - 0.175
Scomien - 0.315
Scomi warrant -worth 0.6 of scomi share
No gain/loss after Scomi goes Ex warrant
- any deviation in the assumptions will render different value for scomien share B4 merger

Note: scomien shareholders will likely receive their conso scomi shares probably by end of February ( scomien share to be suspended shortly B4 entitlement date) while scomi share remains trading in market (no suspension).Both scomien and scomi shareholders will receive free warrants probably around same time by end of february.


*****THE ABOVE IS NEITHER A BUY NOR A SELL CALL *****

Posted by berjaya > 2018-01-10 07:31 | Report Abuse

Bro taitaumau , why after conso price is 0.27?
I not understand it, please explain it, thanks

As i know Should be remain same as 0.35 after conso is ex date close at 0.175.
15, 873×0.35 for scomien after conso.
Not 15, 873×0.27

Posted by setia2u > 2018-01-10 08:08 | Report Abuse

If based on SCOMI 17.5, after conso is 35.0, then after 1 for 2 warrant (warrant conversion price @ 0.21), ex @ 30.3. The new warrant worth around 10.0 sen conservatively or maybe higher @ 15.0 sen. This will work out 44.7 or more for cum SCOMIEN. Believe it or not!!! Haha .... I am buying!

Posted by setia2u > 2018-01-10 08:10 | Report Abuse

Anyway, market is not efficient enough ....player even ignore the potential of high side of ex-merger, good opportunity for those who are far sighted.

Posted by taitaumau > 2018-01-10 10:12 | Report Abuse

yes, Berjaya, scomi after conso 0.35. After Ex warrant,, adjusted price for conso scomi shd be lower than 0.35

Posted by setia2u > 2018-01-15 15:37 | Report Abuse

Looks like market players start seeing the value of this stock once merged with SCOMI.

Posted by Alamak99 > 2018-01-23 17:13 | Report Abuse

What will be the contribution of SCOMI (Non-SCOMIEN) post merger with SCOMI GROUP without the contribution of SCOMI Energy coming into the fray? SCOMI (Group) seems to be relying mainly on its subsidiaries SCOMI Engineering and SCOMI Energy, all of which is not making profit. There seems to be nothing to shout about in this merger exercise.

Posted by Alamak99 > 2018-01-23 17:19 | Report Abuse

Moreover, should SCOMIEN be profitable, SCOMIEN shareholders merging into SCOMI (Group) post-merger will have their shares diluted, and any profit would be used to subsidise the losses incurred by the group which it need not incur before merger; So, the value of SCOMIEN shares do not seem to have a brighter outlook as compared to before the merger.

Posted by setia2u > 2018-01-24 07:01 | Report Abuse

http://klse.i3investor.com/blogs/rights_of_minority_shareholder/144228.jsp

Posted by Alamak99 > 2018-01-25 08:06 | Report Abuse

The free warrants that will be offered to shareholders in the merger exercise for SCOMIEN, which is one for every seven (7) SCOMIEN shares, means very little to existing SCOMIEN shareholders, because the value of the warrant will depend on the conversion price, which normally will be set at a much higher price to contribute to the expenses incurred by the merger exercise, and to place the shares at a value based on the expected performance, which may not materialise. So, the free warrants may not mean anything at all. Also, shareholders/investors should compare this with the one (1) free warrant for every new consolidated SCOMI shares held, resulting from the consolidation exercise for SCOMI. The SCOMI warrants were much more generously given compared to SCOMIEN, although its benefit to shareholders cannot be directly converted to Ringgit value at this point in time.

Posted by Alamak99 > 2018-01-25 17:25 | Report Abuse

Based on a report dated 25Jul2017 shared by 雷汉勇 gcke (link: http://www.freemalaysiatoday.com/category/highlight/2017/07/25/can-sco... ), it appears that the SCOMI management do not seem to be prudent in its project management and cost overrun that had resulted in claims yet to be paid by its project owner. There seems to be weaknesses in the management of the project. Whatever fund raising being planned by SEB is still in the air apart from the MERGER being planned, which is not really fund raising but just a transfer (or just a change) of majority shareholder, which is a form of window dressing.

From this report, there is no real impart apart from change of majority shareholding.

Report below:
25Jul2017
KUALA LUMPUR: Scomi Engineering Bhd (SEB)’s independent auditor KPMG PLT cast doubt as to whether SEB can continue as a going concern.

The Edge reported SEB as telling Bursa Malaysia that KPMG had drawn attention to SEB and its subsidiaries’ financial statements for the financial year ended March 31, 2017, with regard to SEB’s dispute with, and legal proceedings against, Prasarana Malaysia Bhd over the RM494 million Kuala Lumpur Monorail Expansion contract.

KPMG said the SEB group had outstanding revolving credits and bank overdraft totalling RM213.2 million owing to the project lenders that were classified as current liabilities.

“These events or conditions along with other matters indicate that a material uncertainty exists that may cast significant doubt on the ability of the group and of the company to continue as going concerns. Our opinion is not modified in respect of this matter,” KPMG said in its auditor’s report.

According to The Edge, in its report, KPMG said the action against Prasarana and the appeal hearing on the litigation matter of the project are currently in progress with the hearing dates scheduled for July 31, and Aug 28, 2017, respectively.

“Therefore, the ultimate outcome of these and related recoveries of amounts owing on this project cannot presently be determined. In relation to this, the group has yet to secure further extension from the lenders who have provided project financing for the project,” it added.

In response, SEB said it had started to pursue all avenues available to recover the claims relating to Prasarana.

The Edge reported SEB as saying it was also looking at various fundraising exercises, with regard to the use of its technology in new markets via synergistic ventures that could take about six months for closure.

SEB’s management said it would continue to bid for new projects in both the monorail and commercial vehicles segments.

These measures, it said, should should address the going concern issue.

“SEB will continue to focus on cost optimisation programmes and continuous product improvements and developments to remain competitive in each of the sectors it is involved in,” The Edge quoted SEB as saying.

SEB shares were not traded yesterday. It last closed at 27 sen for a market capitalisation of RM92.3 million.

SEB posted an unaudited net loss of RM19.76 million for FY17 compared with a loss of RM1.84 million in the preceding year.

Posted by Alamak99 > 2018-02-05 10:39 | Report Abuse

The stock price of SCOMIEN has started to react downwards to the post merger exercise of ten SCOMI shares plus one warrant in exchange for 7 existing SCOMIEN shares. Although SCOMIEN shares was announced as offered at 0.300 (see below), it has already started trading below 0.30 moving towards 0.25 even before merger date approaches.

Announcement:
Scomi shall pay the Offer Price of RM0.300 per Scomi Engineering Scheme Share which shall be satisfied entirely via:(a) a share swap where for every 7 Scomi Engineering Scheme Shares held by Scheme Shareholders,10 new Consolidated Shares shall be issued at the Issue Price, and (b) the issuance of 1 Warrant for every 10 Consideration Shares issued.


Entitlement Type: Others
Entitlement Date and Time: 15/02/2018 05:00 PM
Year Ending/Period Ending/Ended Date:
EX Date: 13/02/2018

Posted by flyingdoc > 2018-02-07 14:23 | Report Abuse

My broker informs me that tomorrow is the last trading day for scomien

Posted by menteripasola > 2018-02-26 09:13 | Report Abuse

yang ade hold scomien mcm mana ye?dah suspend...share tu nanti jadi macam mana ye?

Posted by Alamak99 > 2018-03-03 17:45 | Report Abuse

Tunggu aje, nasi dah jadi bubur pulak.
SCOMIEN shares are now converted to SCOMI shares where every 70 SCOMIEN shares will be converted to 100 SCOMI shares.
So, if you hold 100 SCOMIEN shares, you will end up with 1000/7 SCOMI shares, which is 142 SCOMI shares, which is 1 lot of 100 shares plus an odd lot of 42 shares, which is normally difficult to sell in the market.
The cost of selling the odd lot will be more than the value of the shares.

Posted by Mohd Fahmi Bin Jaes > 2018-03-03 19:58 | Report Abuse

No

Posted by alam Rafik > 2018-12-23 00:16 | Report Abuse

why nobody is trading with itt...bad news la..it stir or freeze?

Posted by InvestorKING > 2019-04-18 09:01 | Report Abuse

Posted middle of last month then knm price up to highest 0.185 at 9.4.2019, now u all should target Armada as it will go up to 0.25 soon


Buy Armada and knm more now and onwards, the goreng group is targeting Armada and knm now, besides sapura, perdana, penergy, dayang, alam all these already goreng up by other operators previously, reliable source said

But goreng group already started knm already.

Target for knm short run is 0.20, and armada is 0.25 - 0.30

Posted by 7300 > 2019-08-15 09:34 | Report Abuse

unless break 35 sen,KNM is king of king......buy scomies on weakness

Posted by 7300 > 2019-08-15 09:36 | Report Abuse

now short genting,afternoon collect rice