Posted by Eagle77 > 2024-01-19 20:00 | Report Abuse

Hoping the price will recover to its belong 1.20 and move up 30% from there after the recent announcement of good news secured 97.7 millions UMK project 😎💰💥🤞

Posted by Eagle77 > 2024-01-19 20:18 | Report Abuse

joyvest…what’s your view about SCIB performance nowadays?

Posted by FintechHarmony > 2024-01-19 20:19 | Report Abuse

So many project backing up SCIB, no worries at all :)))

Posted by Eagle77 > 2024-01-19 20:25 | Report Abuse

Hoping SCIB also involved in HSR KL-Singapore project😎🤞

Posted by Eagle77 > 2024-01-19 20:39 | Report Abuse

22 acres of land to be acquired by SCIB for expansion production 😎🤞 new factories?

Posted by Eagle77 > 2024-01-19 20:57 | Report Abuse

Sarawak to initiate formal talks with Indonesia on undersea cable

KUCHING: Sarawak will start formal talks soon with Indonesian authorities on the proposed laying of undersea cables to transmit electricity from Sarawak to Singapore as the interconnection project will run through Indonesian waters, according to Sarawak Premier Tan Sri Abang Johari Tun Openg (pic).

He said discussions would be held in the Asean spirit and with full respect for Indonesia’s sovereignty and interests.


Sarawak plans to export up to 1,000 megawatt (MW) of renewable energy to Singapore via 700km of submarine cables, out of which about 70% will be laid under the Indonesian water.

Abang Johari said state-owned Sarawak Energy Bhd (SEB) and its partners – Sembcorp Industries and Singapore Power Group – have completed comprehensive technical studies and are well advanced in the commercial negotiations for a potential interconnection with Singapore.

Posted by Goldberg > 2024-01-19 21:16 | Report Abuse

19-Jan-2024 Insider DATO' TAN BOK KOON (a company director) acquired 600,000 shares at 0.235 on 19-Jan-2024

19-Jan-2024 Insider DATO' TAN BOK KOON (a company director) acquired 400,000 shares at 0.250 on 19-Jan-2024.

19-Jan-2024 Insider DATO' TAN BOK KOON (a company director) acquired 100,000 shares at 0.285 on 19-Jan-2024.

Posted by Eagle77 > 2024-01-19 21:20 | Report Abuse

Director keeps on buying 😎👍

Posted by joyvest > 2024-01-19 21:28 | Report Abuse

My view is that the new management should be given reasonable time frame to strengthen snd consolidate the company.

Currently the new management is heading the right direction. I am confident that they can deliver and strive for the new heights in months to come....

Posted by Eagle77 > 2024-01-19 22:00 | Report Abuse

Yes joyvest…we are confident with the new Exec Chairman Ex-Police Commissioner Sabah Dato Seri Zaini Bin Jass to lead the company surely no more hanky panky and zero corruption case 💥🔫👨‍✈️also the clean new management team headed by CEO/MD Mr Ku Ching Hong 😎

Posted by mansaham1972 > 2024-01-19 22:11 | Report Abuse

Hahahahaha tahniah masih bermimpi indah walau baru lalui mimpi ngeri kahkahkahkah

Posted by Eagle77 > 2024-01-19 22:21 | Report Abuse

Ombak dan badai sudah ditempuhi dan berlalu sudah tiba masanya belayar semula menuju destinasi sedia ada 1.20…1.50 💰💰💰💥💥💥😎🤝

Posted by RJ87 > 2024-01-19 22:21 | Report Abuse

If u don’t hold any SCIB, u still confident?
This is just loss aversion and bias talking

Posted by Eagle77 > 2024-01-19 22:35 | Report Abuse

joyvest…be confident we going to ride to the moon 🌙 soon with new high 1.50 in the making 🤞Gamuda of Sarawak 😎💥🔫

Posted by RJ87 > 2024-01-19 22:39 | Report Abuse

Tan on 0.24% and Ku 0.21%. No skin in the game

Ku won’t stay long here also. Project pump and dump finish, he move on.

Posted by bigprice > 2024-01-19 22:50 | Report Abuse

Many wont get below 0.30 sen anymore.

Posted by joyvest > 2024-01-19 22:59 | Report Abuse

SCIB was once run by bad management under Dr.k which is the thing of the past now. New management is taking over now. Future prospects are believed to be bright under the new management. All eyes are watching them including SC.

Following this usual phenomenon on the the small cap stocks , SC is said to keep a close eye on every single movement of them.

Thats the problem of small cap stocks,they are highly volatile in nature as evident in recent fiasco.

Posted by joyvest > 2024-01-19 23:04 | Report Abuse

https://www.nst.com.my/business/corporate/2024/01/1002733/bursa-securities-unearths-rm150m-oversight-ynh-property

Posted by joyvest > 2024-01-19 23:06 | Report Abuse

YNH is in deep shxt now.luckily,you are not involved

Posted by Eagle77 > 2024-01-19 23:07 | Report Abuse

Joyvest…agreed…coming qr will prove the efficiency and consistency of earning by the company plus securing many more projects to increase the profit 😎🤞

Posted by yeinemesis > 2024-01-20 00:01 | Report Abuse

Wow. I find SCIB discussion group very cheerful and some very optimistic despite price drop . My stock in tenaga and telekom group so quiet. Price Drop or Up everyone quiet like nothing ever happen.

Posted by SuperPanda > 2024-01-20 00:49 | Report Abuse

director buy, winning jobs, buy land, all good news appear but the price falling down 🤔

so happen johor property players also having good news but price up

wondering why some counter act differently 😁🙈

Posted by joyvest > 2024-01-20 07:37 | Report Abuse

Have you noticed that the naysayers keep talking about the past and live under the shadow of the past while we are talking about future prospects and forward looking. That's the big difference between them and us.

The market is always forward looking and efficient enough to react faster than you and me could imagine....

Posted by investortrader88 > 2024-01-20 07:51 | Report Abuse

My hands got itchy when i saw this counter price.i key in some queue buy 3-5 batches at a secret price .good luck guys ! :):):)

Posted by investortrader88 > 2024-01-20 08:02 | Report Abuse

Be Fearful When Others Are Greedy. Be Greedy When Others are Fearful.” (Warren Buffett) not many can practise it including myself !

Posted by Bmw X5 > 2024-01-20 08:08 | Report Abuse

Old news but quite infomative

Old news juz sharing. ..

Publish date: Tue, 11 Jul 2023, 08:59 AM

Abdul Karim no longer a shareholder in SCIB after forced selling of shares
KUALA LUMPUR (July 10): Sarawak Consolidated Industries Bhd’s (SCIB) former chairman Datuk Mohd Abdul Karim Abdullah has ceased to be a shareholder in the company, after having his 139.67 million shares, or 23.996% stake, disposed of due to force-selling.

Abdul Karim was the largest shareholder in the concrete product manufacturer after he acquired a 22.53% stake or 19.35 million shares for 70 sen apiece, or RM13.54 million, in May 2019.

This was followed by an attempt by Abdul Karim and other interested parties to take over the company at RM1.10 per share in August 2019, after they raised their stake to 40.84%.

Abdul Karim is also co-founder and chairman of troubled engineering group Serba Dinamik Holdings Bhd. In October last year, he was redesignated in SCIB as non-executive director, before his board exit this year when he opted against reelection.

Earlier in June, SCIB said Abdul Karim’s name was not found on the record of depositors. Prior to this, Bursa Malaysia’s latest update on Abdul Karim’s shareholding was dated Dec 8, 2022.

Around the same time in June, SCIB saw the appointment of Abang Abdillah Izzarim Abang Abdul Rahman Zohari as its new executive chairman, among a slew of boardroom changes in the company. Abang Abdillah is the son of Sarawak premier Tan Sri Abang Abdul Rahman Zohari Abang Openg.

SCIB’s shareholding is fragmented, with no single party holding a substantial stake of at least 5%. Sarawak Economic Development Corp (SEDC) held a 4.05% stake , while Gabungan Parti Sarawak (GPS) MP and Deputy Minister Datuk Seri Huang Tiong Sii held 27.01 million shares or a 4.22% stake, according to SCIB’s annual report dated Sept 30, 2022.

Shares of SCIB peaked at RM2.67 in January 2021. However, continued losses since 2021 have weighed on the company’s shares and erased optimism. SCIB’s shares last traded at 45.5 sen on Monday, giving the group a market capitalisation of RM291.38 million.

Posted by joyvest > 2024-01-20 08:14 | Report Abuse

Getting awards of contract is one thing. Managing the awarded contract is another thing.

Many companies can get contracts but whether they can manage/ execute them well or not is debatable.

It remains to be seen if the new team can manage well or not to turnaround the company. The previous Qtr is a good indication of turnaround is under the way. The company is well equipped with its resources and all is needed now is a team of good management to lead.

As said,the new mgt should be given reasonable time to prove their worth.Rome empire is not built in one day. Cheers

Posted by Bmw X5 > 2024-01-20 08:16 | Report Abuse

Expect another possible TAKE OVER BID at this low price once the numbers add up . This could be a plan to LD to collect as much as possible and then announce later....lets wait and see who is the on keeps buying on DIPS nxt wk

Posted by joyvest > 2024-01-20 08:16 | Report Abuse

SCIB was once run by bad management under Dr.k which is the thing of the past now.
New management is taking over now. Future prospects are believed to be bright under the new management.

What is past is past.what is relevant now is the future prospects...

Posted by joyvest > 2024-01-20 08:19 | Report Abuse

Compulsory take over can not be ruled but very unlikely.the company has just turnaround under the new management.

If Dr K ,is still there ,the compulsory take over is likely to happen to kick him out

Posted by Bmw X5 > 2024-01-20 08:24 | Report Abuse

A few years ago a Mr K paid 0.70 for a lot of SCIB and even offered 1.10 to take it private .... can history repeat itself? Its a HUGE bargain now for those who wants to take over SCIB , next week observe the buying patterns next target could be past 0.40...jz my 2 cents OPI ...trade with care gais

Posted by Bmw X5 > 2024-01-20 08:27 | Report Abuse

We all know who are the one Selling due to etc ...etc ...call but the most inportant and relevant Question is WHO is the one collecting ?

Posted by Eagle77 > 2024-01-20 08:28 | Report Abuse

Maybe Abg Izzarim is coming back as a Exec Chairman 🤣🤣🤣💥🔫😎

Posted by investortrader88 > 2024-01-20 08:33 | Report Abuse

Abg Jo son has stepped down as executive chairman last mth .he joined minetech as one of major shareholder

Posted by joyvest > 2024-01-20 08:35 | Report Abuse

Following the meltdown, it is believed that the substantial shareholders holding more than 5 % could emerge. You may check with the depository.

Posted by investortrader88 > 2024-01-20 08:35 | Report Abuse

https://theedgemalaysia.com/node/696061

Posted by joyvest > 2024-01-20 08:39 | Report Abuse

It can not be ruled out that Dr.k and his gang are accumulating shares to trigger a compulsory take over...

Dr.K might use nominee and act from behind.you may check if the nominees are associated to him or not....

Posted by Ahead1268 > 2024-01-20 08:41 | Report Abuse

Why border to take over SCIB since the company financially not doing well? Look at their share holder equity part any time PN17!

Posted by Eagle77 > 2024-01-20 08:44 | Report Abuse

Abg Izzarim can hold 2 posts in Minetec and SCIB at the same time no problem with that..it’s possible as long as you got money to become a biggest shareholder of the company 😎🤞

Posted by investortrader88 > 2024-01-20 08:54 | Report Abuse

My ex boss reminds me 好馬不吃回頭草

Posted by xiaoeh > 2024-01-20 09:04 | Report Abuse

Posted by investortrader88 > 7 minutes ago | Report Abuse
My ex boss reminds me 好馬不吃回頭草

Your ex-boss潜台词：
小子我等很久了
给我滚不要再回来

Posted by investortrader88 > 2024-01-20 09:06 | Report Abuse

Klci is just another casino and also breeding ground for scammers and launderers.
Most fundamental stocks doesn't reflect their true value while penny stocks are played up by sharks to dupe unsuspecting bilis.

Posted by joyvest > 2024-01-20 09:09 | Report Abuse

why bother to take over ?

Well, have you heard of " back door listing (BDL ) ". ? BDL is the cheapest way to go for listing. Upon take over, diversity of business can be injected inside the company . The share base of the company is only 640 m shares, all you need is to secure directly and indirectly 326 m to control...

Posted by joyvest > 2024-01-20 09:10 | Report Abuse

Whether you like it or not penny stocks coupled with small caps are their favourites..........

Posted by Eagle77 > 2024-01-20 09:10 | Report Abuse

All the naysayers here have no money to buy and getting jealous of those who bought cheap🤣🤣🤣

Posted by joyvest > 2024-01-20 09:11 | Report Abuse

Naysayers keep mentioning the past. They must be historians....

Posted by joyvest > 2024-01-20 09:14 | Report Abuse

Naysayers keep comparing this company with other companies which are deemed to be incomparable . They must be pathetic to suffer " real losses " .

Posted by Eagle77 > 2024-01-20 09:21 | Report Abuse

U all noticed that when we’re talking posting on a positive comment about the company one by one the naysayers appear to against us then at last this forum becomes wet market 🤣🤣🤣

Posted by Eagle77 > 2024-01-20 09:25 | Report Abuse

If Abg Izzarim come back again surely SCIB will shoot back to 1.20 and LIMIT UP 3 consecutive days 🤣🤣🤣

Posted by investortrader88 > 2024-01-20 09:28 | Report Abuse

At the end of the day everyone want to earn money.no hard feeling guys ! I already key in my buy queue for 2 batches first next week.good luck guys !