Posted by adikkici > 2024-01-17 16:45 | Report Abuse

Fishy counter. After anak abg jo retirement, then got project. Then LD. Then got another project. Then LD again. Very dramatic

Posted by Realrich > 2024-01-17 16:45 | Report Abuse

For me if I still hold sarawak con today I can't sleep tomorrow also. The share will go to hell on Friday 0.15

Posted by joyvest > 2024-01-17 16:46 | Report Abuse

so it is maintained at 0.535 tmr. No up no down...

Posted by Realrich > 2024-01-17 16:51 | Report Abuse

Yes only tomorrow. But Friday open will go to hell 0.15

Posted by zoizai > 2024-01-17 16:53 | Report Abuse

Can go up but cannot go down. Friday limit down.

Posted by zoizai > 2024-01-17 16:55 | Report Abuse

Zoizai you can buy all 0.535? You see the number


Yes I know. So Tmr Likely no buyer price stay 0.535.

Friday open seller continue throw ticket, worst case senario is another limit down on Friday.

Posted by zoizai > 2024-01-17 16:56 | Report Abuse

U guys first day trading on klse ?

Posted by joyvest > 2024-01-17 16:59 | Report Abuse

tmr is the cooling off period..LU or LD might or might not happen on Friday. It is difficult to conclude right now...

Posted by Realrich > 2024-01-17 16:59 | Report Abuse

I don't buy any share manipulate. We can't fight with operator they can throw unlimited share to you anytime

Posted by Realrich > 2024-01-17 17:01 | Report Abuse

This counter for me is dead already no people dare to buy anymore

Posted by zoizai > 2024-01-17 17:06 | Report Abuse

Tmr only will stay 0.535 or go up

Friday limit down is 0.235. Cannot down further

Posted by Eagle77 > 2024-01-17 17:07 | Report Abuse

History if back to 0.15 from 1.20 🤣🤣🤣 Malaysia 🇲🇾 Book of Record

Posted by Realrich > 2024-01-17 17:09 | Report Abuse

No lah the book of record is rapid. Making losses every year but share price is the top RM 29 higher than those maybank

Posted by Eagle77 > 2024-01-17 17:10 | Report Abuse

SCIB just closed down and sell fried bananas 🍌 at the roadside better owned and secured hundreds millions of projects 🤣🤣🤣

Posted by Realrich > 2024-01-17 17:11 | Report Abuse

Rapid synergy is use rapid transit name to liar people but actually the business is manufacturing company. Similar to SMRT is a technology company but liar people use the name SMRT of Singapore MRT

Posted by Eagle77 > 2024-01-17 17:27 | Report Abuse

SCIB causing Sarawak so ashamed and loose face lorrr like this 😝😶

Posted by Eagle77 > 2024-01-17 17:31 | Report Abuse

Took one year to climb from 0.145 to 1.20 but only 2-3 days plunged back to beginning of last year price 0.20 🤣🤣🤣 the best magical performance ever 🤣🤣🤣🤡

Posted by FintechHarmony > 2024-01-17 17:33 | Report Abuse

You know the drill, back to starting point and game start again

Posted by AmberAsset > 2024-01-17 17:47 | Report Abuse

Friday the directors are definitely picking up more.... limit up time???

Posted by michaelwong > 2024-01-17 17:57 | Report Abuse

Today not only scib limit down for the second day , but several counters follow suit and limits down. Scary loh ! For those who unlucky and bought those limits down counters is going to lose big and have their resources wiped out. The fear factors today have subsequently caused many counters to limit down as certain big funds investors started dumping

Posted by Jkoay > 2024-01-17 18:11 | Report Abuse

Every Company that rubs by Karim all end up in the swamp. Investors all get burn while the directors keep skimming and get richer

Posted by joyvest > 2024-01-17 18:14 | Report Abuse

It is glad that Dr k is no longer around with the company otherwise die standing still

Posted by Eagle77 > 2024-01-17 18:17 | Report Abuse

SCIB Tangani Spekulasi Pasaran, Memperkukuh Kestabilan Perniagaan Berterusan dan Pertumbuhan Masa Depan

The above press release from MD of SCIB Mr Ku..

Just wanna to ask him and his management team how to tangani/handle market speculation if u all unable to control the share from keeping limit down for 2 consecutive days causing panic of all shareholders?? Please we don’t want to only listen to the talk but walk the talk to prove your capabilities and professionalism in handling the company as claimed by your press statement all this while ‼️👌

Posted by iCashBooster > 2024-01-17 18:23 | Report Abuse

The panic sellers all actually problem. If you cancel sell at 0.535 the price can move up. You dumb ass all panic cannot go anywhere lo

Posted by zoizai > 2024-01-17 18:27 | Report Abuse

Why ppl panic sell ? Cos Is not worth the price abang

Posted by icecool > 2024-01-17 18:33 | Report Abuse

tomorrow bursa harvest leek again hahaha

Posted by hhhiii123 > 2024-01-17 18:37 | Report Abuse

The director just bought the share at 0.64, this counter still got show, wait and see for better entry point, hehe

Posted by joyvest > 2024-01-17 18:43 | Report Abuse

It is interesting to see which counters are likely to go LD tmr?

Posted by Realrich > 2024-01-17 18:49 | Report Abuse

I think better to see the next quarter result. We want to see the real performance instead of goreng high high with sell news push high but results can't prove worth the share price. Base on current qr the share price is only worth 0.15

Posted by Eagle77 > 2024-01-17 18:50 | Report Abuse

SCIB Addresses Market Speculations, Reinforces Ongoing Business Stability and Future Growth
SCIB Assures Normal Operations Amid Market-Driven Share Price Movements



KUCHING, SARAWAK, 17 JANUARY 2024 – Industrialised building systems specialist, Sarawak Consolidated Industries Berhad ("SCIB" or the "Company"), in response to the Unusual Market Activity (UMA) query from Bursa Malaysia regarding the trading activity, wishes to clarify where the current operational status and outlook. SCIB assures to the stakeholders that the Company is operating as normal and remains focused on the Company’s strategic objectives and growth plans.

SCIB acknowledges the recent fluctuations in share price but emphasises that these movements are market-driven and outside the company's control.

In reaffirming the Company’s commitment to transparency and shareholder value, SCIB highlights the recent achievements that underscore a robust business trajectory. Notably, these include securing a RM97.7 million EPCC contract for the University Malaysia Kelantan project, signing a critical MOU for a RM250.0 million housing project in Bintulu with Kemena City Development Sdn. Bhd. and Smart Borneo Properties Sdn Bhd, and acquiring a RM16.8 million contract for the Projek Pembinaan Pangkalan Pasukan Gerakan Udara PDRM Sarawak. These significant milestones exemplify SCIB's diverse capabilities and strategic growth in various key sectors.




Ku Chong Hong, Group Managing Director of SCIB


Mr. Ku Chong Hong, Group Managing Director of SCIB commented: “As a publicly-traded entity, we recognise that share price volatility can occur due to various market factors. SCIB does not have any influence over its share price movements and is not aware of any specific reasons for the recent trading activity. However, it's important to note that SCIB has turned profitable in the latest financial quarter, reflecting the effectiveness of our strategic initiatives and operational efficiencies.”

He added, “SCIB is steadfast in executing its strategic plan, as evidenced by our recent project wins and ongoing corporate activities. Our focus remains on delivering excellence in our projects, maintaining financial discipline, and pursuing growth opportunities that align with our core strengths. This commitment to our strategic direction is fundamental to our continued profitability and long-term success.”

Looking ahead, SCIB is optimistic about the Company’s prospects and business pipeline. SCIB continues to actively explore new ventures and collaborations that complement the Group’s existing portfolio. With a solid track record and a clear strategic direction, SCIB is well-positioned to capitalise on market opportunities and deliver sustainable value to shareholders and stakeholders.

SCIB appreciates the continued support from the Company’s investors and stakeholders and is committed to providing regular updates on the latest progress and developments.

Posted by 143922 > 2024-01-17 18:53 | Report Abuse

UMA disana UMA disini.Mantap pak Abu🤣

Posted by Bmw X5 > 2024-01-17 18:54 | Report Abuse

Nice affirmation by the MD . Tmr the price shld rebound upwards

Posted by Realrich > 2024-01-17 18:55 | Report Abuse

Eagle 77 we look at current. Please see the past 2 years this company qr result. If base on this result the company share price is 0.15. If you say future, please prove to us next quarter can profit 50m. If not the share price only worth 0.15. Drop after 0.15 and see the next quarter result. If really good will go to the value it proof to us. But not now. Now is only worth 0.15

Posted by Bmw X5 > 2024-01-17 18:56 | Report Abuse

Look forward not the past ......past is over ....forward is the future!!!

Posted by Bmw X5 > 2024-01-17 18:57 | Report Abuse

In reaffirming the Company’s commitment to transparency and shareholder value, SCIB highlights the recent achievements that underscore a robust business trajectory. Notably, these include securing a RM97.7 million EPCC contract for the University Malaysia Kelantan project, signing a critical MOU for a RM250.0 million housing project in Bintulu with Kemena City Development Sdn. Bhd. and Smart Borneo Properties Sdn Bhd, and acquiring a RM16.8 million contract for the Projek Pembinaan Pangkalan Pasukan Gerakan Udara PDRM Sarawak. These significant milestones exemplify SCIB's diverse capabilities and strategic growth in various key sectors.

This is the present and future earnings .......past is oledi over !!!

Posted by joyvest > 2024-01-17 18:58 | Report Abuse

In view of the foregoing statement, there is no cause of concern. As said, the recent stampede is merely due to sheep herd effect..

Posted by zoizai > 2024-01-17 18:59 | Report Abuse

Project berjuta-juta Macam Serbadk dynamite 🧨

Posted by Eagle77 > 2024-01-17 19:04 | Report Abuse

SCIB secured 365 millions for 3 projects almost similar to Edaran which share prices 1.30 -1.50…so now the shares only 0.53 cents very far from the exact value!! Supposedly now already 1.50 💰💥

Posted by Realrich > 2024-01-17 19:07 | Report Abuse

Bmwx5 how to prove future? Future not yet happen you want same like last time base on news goreng high high drop big big?

Posted by $$ BUYSELL $$ > 2024-01-17 19:19 | Report Abuse

Evil come out from Hell.

Posted by Eagle77 > 2024-01-17 19:23 | Report Abuse

This is present now supposedly for SCIB 👌

SCIB secured 365 millions for 3 projects almost similar to Edaran which share prices 1.30 -1.50…so now the shares only 0.53 cents very far from the exact value!! Supposedly now already 1.50 💰💥

Posted by Eagle77 > 2024-01-17 19:28 | Report Abuse

MD Mr Ku very confident that he and the management team will handle market speculation in SCIB these few days with very convincing statements to all shareholders 😎🤞let’s wait and see tomorrow onwards they walk the talk or otherwise 😎

Posted by Kanenites > 2024-01-17 19:30 | Report Abuse

tenat...

Posted by Eagle77 > 2024-01-17 19:33 | Report Abuse

SCIB mengakui turun naik harga saham baru-baru ini tetapi menekankan bahawa pergerakan ini dipacu pasaran dan di luar kawalan syarikat.

Dalam mengesahkan komitmen Syarikat terhadap ketelusan dan nilai pemegang saham, SCIB menyerlahkan pencapaian terkini yang menggariskan trajektori perniagaan yang teguh. Terutama, ini termasuk mendapatkan kontrak EPCC bernilai RM97.7 juta untuk projek Universiti Malaysia Kelantan, menandatangani MOU kritikal untuk projek perumahan RM250.0 juta di Bintulu dengan Kemena City Development Sdn. Bhd. dan Smart Borneo Properties Sdn Bhd, dan memperoleh kontrak RM16.8 juta untuk Projek Pembinaan Pangkalan Pasukan Gerakan Udara PDRM Sarawak. Pencapaian penting ini menunjukkan kepelbagaian keupayaan SCIB dan pertumbuhan strategik dalam pelbagai sektor utama.

Posted by Eagle77 > 2024-01-17 19:40 | Report Abuse

“The company had on Jan 4, 2024 received the letter of offer from the Land and Survey Department of Sarawak to acquire some parcels of land measuring approximately 22 acres in size for the purpose of expanding the production capacity of the group.

“The management is in the midst of discussion and considering the acceptance of this proposal. The Board believes that it would be more appropriate to release announcement(s) to Bursa Securities once the decision is made,” it stated.

Posted by Bmw X5 > 2024-01-17 19:44 | Report Abuse

Serba Dinamik and SCIB like chicken and duck comparisons. Serba got fake contracts overseas and audit issues meanwhile SCIB mostly local genuine contracts and audit pass with flying colours ... i know some sour grapes and lowballers wants new low but 2 days LD enuff is enuff...even own MD give assurance thru press conference !

Posted by Bmw X5 > 2024-01-17 19:46 | Report Abuse

Sometimes in life we must learn TO give and take ...not just ....

Posted by rr88 > 2024-01-17 19:46 | Report Abuse

Share price crashed for SCIB, Mersec, Leform, Rapid, Imaspro, YNH.

Bursa Malaysia issued UMA Unusual Market Activity query to these companies.

Sleeping bursa. Either sleeping, or useless. Because these crashes are perfectly usual, not unusual. What was unusual that the share prices hv been RIGGED upwards by some crooks leading to the crash.

Do your job. Study and analize which accounts were involved. It is against the law to rig markets. Catch them and send them to jail.

Posted by gladiator > 2024-01-17 19:50 | Report Abuse

Only Singapore authorities will catch those involve in manipulating share market not in Malaysia.

Posted by Bmw X5 > 2024-01-17 19:52 | Report Abuse

CORPORATE
SCIB says Sarawak land office offered it 22 acres of land for purchase
January 17, 2024 @ 7:30pm

SCIB says Sarawak land office offered it 22 acres of land for purchase
Sarawak Consolidated Industries Bhd (SCIB) today told Bursa Malaysia Securities Bhd it has been offered 22 acres of land for acquisition, by the Land and Survey department of Sarawak.
KUALA LUMPUR: Sarawak Consolidated Industries Bhd (SCIB) today told Bursa Malaysia Securities Bhd it has been offered 22 acres of land for acquisition, by the Land and Survey department of Sarawak.

This was in response to an unusual market activity (UMA) query Bursa Securities made on Tuesday after the company's shares came under heavy selling pressure.


Short selling in the company's shares were suspended two days in a row because its share price fell more than 15 per cent, two days straight.

It was the second most actively traded counter for the day.


SCIB's share price closed 35.93 per cent lower to 53.5 sen a share, with some 202.49 million shares changing hands.

SCIB said the letter of offer for land to expand the group's production capacity was received on Jan 4, 2024.

It told Bursa Securities the management is in the midst of discussion and considering on the acceptance of this proposal, and the board thought it more appropriate to release announcements to Bursa Securities once a decision is made.

Save for the above, the board said it is not aware of any corporate development relating to the group's business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion.

SCIB supplemented the response to Bursa Securities with a press statement to assure assures stakeholders that the company is operating as normal and remains focused on the company's strategic objectives and growth plans.

"As a publicly-traded entity, we recognise that share price volatility can occur due to various market factors. SCIB does not have any influence over its share price movements and is not aware of any specific reasons for the recent trading activity. However, it's important to note that SCIB has turned profitable in the latest financial quarter, reflecting the effectiveness of our strategic initiatives and operational efficiencies," SCIB managing director Ku Chong Hong said in a statement.

He added that SCIB is steadfast in executing its strategic plan, as evidenced by recent project wins and ongoing corporate activities.

"Our focus remains on delivering excellence in our projects, maintaining financial discipline, and pursuing growth opportunities that align with our core strengths. This commitment to our strategic direction is fundamental to our continued profitability and long-term success," Ku said.