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
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 🤣🤣🤣🤡
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
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 ‼️👌
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
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.
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
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 !!!
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 💰💥
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 💰💥
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 😎
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.
“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.
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 !
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.
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.
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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....
adikkici
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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