Heh Everyone, I seldom comment in this post but I somehow felt funny reading some of the comments here. If we have faith in a company, we will buy when it drops. Else what's the difference of buying scib and penny stocks without fundamentals? Right?
You shouldn't worry on the turbulence. Just top up more when market sentimen weak. This is a good opportunity for you to buy. Always remember, buy on weakness, sell on strength. SCIB still strong and solid ya. Next Qr will be very very good. SCIB will held an AGM on this 17th Nov. Once the bonus issue approved, the next day or later they will announce the bonus ex-date. My TP still remains the same.
Moving forward, our Group intends to focus on the following 3 key strategies to drive sustainable value creation for an improved efficiency and productivity:- (i) (ii) (iii) diversifying the geographical presence; strengthening in-house construction capabilities; and exploring supply chain partnerships or technology enabler. Pursuant to the above, set out below are the initiatives and plans currently implemented by our Group:- (i) (ii) (iii) In view of our expanded geographical market presence, it is our intention to set up mobile manufacturing facilities, which will be equipped with production lines and the necessary raw materials, at our project locations to ease the carrying of our manufacturing activities of precast concrete and industrialised building system (IBS) at the project sites. At present, our projects are located in Peninsular Malaysia, Indonesia, Qatar and Oman. With the mobile manufacturing facilities, our manufacturing activities will be able to source the necessary materials from the nearest mobile manufacturing facilities to the project execution site to ensure a smooth logistics process for timely delivery of outputs. As at the LPD, our management team is still in the midst of identifying suitable base for the intended purpose; In an effort to strengthen our construction capabilities to become a full-fledged construction player, our Group is pursuing the necessary qualifications and licenses, for instance Construction Industry Development Board ("CIDB") license Grade 7, Sijil Taraf Bumiputera ("STB") license, Sijil Perolehan Kerja Kerajaan ("SPKK") license which allows us to undertake a higher value of construction contracts within Malaysia as well as the Ministry of Finance ("MOF") license to participate in Government or semi-government projects. As at the LPD, our wholly-owned subsidiary, namely SCIB Industrialised Building System Sdn Bhd ("SIBS") has successfully obtained the CIDB Grade 7 license, which allows SIBS to tender for contracts with unlimited value. Additionally, SIBS has also received STB license, SPKK license, which qualify SIBS as a Bumiputra contractor to undertake local construction projects, which require Bumiputra ownership as pre-requirement. Our management team has identified 2 of our other wholly-owned construction subsidiaries, namely SCIB Properties Sdn Bhd and SCIB Infraworks Sdn Bhd to qualify for the licenses, namely CIDB G7, STB, SPKK and MOF licenses. This will expand our construction capacities to tender and undertake a higher number of construction projects; and With the development and evolvement of Industrial Revolution 4.0, our management team has explored the digital approaches such as 3D printing technology to transform our existing supply chain into a digital value network system. The integrated 3D-printing architecture is a new emerging technology in the construction industry as the integrated 3D-printing architecture is able to build and imitate the building concepts model into an entire physical structure by integrating the design, construction, equipment, new materials and application to the architecture within a short period of time without incurring high cost (as it specifies the exact volume of each material and thus lowering the costs of production) against the traditional method.
Share price have been consolidated between RM3.28~RM4. Good Q3 report together with bonus issue and free warrant will boost the price goes further. Those with patient will win big.
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....
Simon8888
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Posted by Simon8888 > 2020-10-28 12:31 | Report Abuse
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