I just dun understand revenue so huge but cost of sales oso a lot thay drag down the profit. Anyway gaceptsble result looking ahead for beter performce in future
Due to MCO period, Manufacturing segment making loss about RM2.9 millions drag down the QR performance. If not, this QR earning could stand at RM7.8 millions above.
I alrdy said this quater profit after tax(PAT) was delayed due to MCO. However, second half of 2020 for SCIB will be quite bullish. At least 20 millions PAT start from next quarter, my expectation.
Bonus issue, free warrant and also dividend will boost the price further, I never experienced price dive down when thereis bonus issue. Furthermore, subsequent QR will be extremely good. All these news definitely will boost the price to north. Of course, there will be some turbulences during the journey.If your are long term investor, just ignore it. The journey just start.
Let's see SCIB performance in second half of 2020. What I can say here is, the management told investors in the corporate briefing, SCIB's internal target is to get 61m net profit in FY2020.
SCIB's management very kindful. They willing to share their wealth with shareholders. Unlike some con company like JAKs at this tough moment still asking money from shareholders. Need to pay to subscribe RI to entitle free warrant.
OMG!!! If you have 1,000 shares, you will get free 3,000 shares and free 2,000 warrants. Tomorrow SCIB will limit up. Have never seen such a generous counter. Long live SCIB!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
warrantKing
387 posts
Posted by warrantKing > 2020-08-27 20:15 | Report Abuse
Actually , 5.51 sens profit is "so so "only . Not really excellent.
But taking consideration of MCO , and Qater Oman project (which revenue surge) , this stock is worth to keep for longer period.
Btw, bonus issue , free warrant , and dividend really is a surprise to me !