Posted by Bmw X5 > 2024-01-26 12:10 | Report Abuse

Indonesian Govt to Establish Nusantara Ring Corridor to Boost Economy
Translator

Posted by Bmw X5 > 2024-01-26 12:11 | Report Abuse

Nusantara Ring Corridor: RI’ Strategy to Create New Economic Hubs

Posted by inxo95 > 2024-01-26 12:13 | Report Abuse

Eagle gets his paycheck again I guess

Posted by Bmw X5 > 2024-01-26 12:14 | Report Abuse

Malaysian Ambassador reiterates M’sia’s interest in participating in Nusantara project

JAKARTA (Dec 20): Malaysia’s Ambassador to Indonesia, Datuk Syed Md Hasrin Tengku Hussin, reiterated Malaysia’s willingness and interest to participate in Indonesia’s new capital project, Nusantara.

He said the project in East Kalimantan on the island of Borneo is a significant initiative by the Indonesian government, currently in its first phase, with additional phases to follow.
“Several Malaysian companies have submitted Letters of Intent (LOI) last year, which are currently being evaluated by the Nusantara Capital Authority (OIKN). We hope that there will be successful Malaysian companies,” he told reporters on the sidelines of the Export Acceleration Mission organised by Matrade, here.
In line with Prime Minister Datuk Seri Anwar Ibrahim’s statement regarding Malaysia’s commitment to supporting Indonesia as the chair of Asean this year, Malaysia also aims to enhance existing cooperation.
“We want to see more bilateral cooperation between Malaysia and Indonesia. Certainly, we hope Indonesia continues to be secure, progressive, and prosperous in the future,” he said.
Syed Md Hasrin believes that these efforts will be a crucial element in strengthening bilateral relations, encompassing not only government-to-government cooperation but also economic collaboration.
“Economic cooperation between Malaysia and Indonesia reached a good level last year, with bilateral trade amounting to US$30 billion. Malaysia is currently in the fifth position in terms of investment in Indonesia,” he said.
Apart from Nusantara, he mentioned numerous infrastructure projects in planning, as informed by representatives from OIKN and the Ministry of Public Works and Housing.
Syed Md Hasrin is confident that the business-to-business (B2B) meetings conducted by Matrade during the mission will contribute not only to projects in Nusantara but also throughout Indonesia.
“The participation of 24 experienced Malaysian companies today possess quality, recognition, and having proven their capabilities in projects domestically and internationally,” he said.
A total of 43 Indonesian construction companies are involved in the B2B programme with their business counterparts in Malaysia. – Bernama

Posted by Eagle77 > 2024-01-26 12:22 | Report Abuse

Donald Trump says, “ You’re dumb !!!”

————————————————————
inxo95
Eagle gets his paycheck again I guess

Posted by Eagle77 > 2024-01-26 12:29 | Report Abuse

https://en.antaranews.com/amp/news/304005/indonesia-to-establish-nusantara-ring-corridor-to-boost-economy

Posted by Sneakpeek > 2024-01-26 12:33 | Report Abuse

Kesian..so many delusional loser trying to cherish each other.

Posted by Eagle77 > 2024-01-26 13:06 | Report Abuse

When the price keeps rising and reach 1.00 all the naysayers gone and again Donald Trump says, “You all naysayers are dumb ‼️”🤣🤣🙏

Posted by madalidia > 2024-01-26 13:52 | Report Abuse

Scib leform widad getting weaker
I need to set stop loss🤲🏻

Posted by joyvest > 2024-01-26 14:06 | Report Abuse

Are you not upbeat and optimistic with the market in view of the fact that firstly ,the determination of AI to realise the reform and revolution of the economy , secondly ,the upcoming enthronement of next King in line and thirdly the massive budget 2024 allocation to Sarawak?

Posted by Eagle77 > 2024-01-26 14:15 | Report Abuse

Steadily up bit by bit ⬆️✅😎💰💥

Posted by joyvest > 2024-01-26 14:22 | Report Abuse

Mind you that we are not delusional but positive thinking. Positive thinking is not delusional.

Posted by Eagle77 > 2024-01-26 14:28 | Report Abuse

Nusantara is coming up ⬆️✅ with many mega projects it’s time for SCIB to involve and invest more 💰💰💰💥😎

Posted by YuHainTeck > 2024-01-26 14:29 | Report Abuse

Positive thinking is good but realistic thinking is indeed far better.

Posted by joyvest > 2024-01-26 14:36 | Report Abuse

It is reported that a " Tan Sri" is under investigation due to his role as a proxy to the duo " Tuns" . Who is that " Tan Sri" ? ....... Could it be " V" ?

Posted by YuHainTeck > 2024-01-26 14:36 | Report Abuse

We all know it's going to close RED today. Most likely below 40c. I'm just being realistic here.

Posted by joyvest > 2024-01-26 14:37 | Report Abuse

You-Hai-Tiu again

Posted by izoklse > 2024-01-26 15:14 | Report Abuse

hahah biar jer la dia dengan lala land dia.

Posted by Eagle77 > 2024-01-26 15:39 | Report Abuse

https://www.thestar.com.my/news/nation/2024/01/26/wan-junaidi-appointed-sarawak-governor-effective-today

Posted by joyvest > 2024-01-26 15:45 | Report Abuse

meaning ada pusxy to be screwed

Posted by Eagle77 > 2024-01-26 15:45 | Report Abuse

Tun Wan Junaidi new Governor of Sarawak 💪💪🤝👏😎

Posted by joyvest > 2024-01-26 15:49 | Report Abuse

No certainty in Sarawak now following the change of Governor

Posted by Eagle77 > 2024-01-26 16:04 | Report Abuse

New King of Sarawak 😎💪

Posted by anonymouse66 > 2024-01-26 16:49 | Report Abuse

Steady already

Posted by joyvest > 2024-01-26 17:03 | Report Abuse

You-Hai-Tiu said it was below 40c but not materialised

Posted by curiousq > 2024-01-26 17:06 | Report Abuse

who is You-Hai-Tiu ? You-Tiu-Hai?

Posted by joyvest > 2024-01-26 17:10 | Report Abuse

Same fellow...

Posted by izoklse > 2024-01-26 18:47 | Report Abuse

You Hai Tiu dapat ke 40c. Hahhahahaha.

Posted by joyvest > 2024-01-26 18:55 | Report Abuse

You-Hai-Tiu won't be able to get it ,not in a millions years

Posted by joyvest > 2024-01-26 18:58 | Report Abuse

https://www.nst.com.my/business/corporate/2024/01/1006114/bursa-malaysia-ends-higher-renewed-optimism

Posted by joyvest > 2024-01-26 18:59 | Report Abuse

From the above news,there is no reasons not to be optimistic about SCIB...

Posted by LimitUp > 2024-01-26 21:19 | Report Abuse

SCIB buys land for RM21.6 mil for capacity expansion
KUALA LUMPUR (Jan 26): Sarawak Consolidated Industries Bhd (SCIB) said it is acquiring leasehold plots in Demak Laut Industrial Park in Kuching from the Land and Survey Department of Sarawak measuring 8.85 ha for RM21.62 million cash.

This follows an earlier filing by SCIB on Jan 17, which clarified it was in talks with the Sarawak state government to acquire the land plots for the purpose of expanding its production capacity.

The five plots of land are located some 15km from Kuching City Centre.

The industrial factory to be erected on-site, SCIB said, will produce concrete-related products such as spun piles, spun pipes and reinforced concrete products. Construction is expected to start in 2Q2024, and to complete by 1Q2025 for operations to kick-start in 2Q2025, it said.

It added that it has been planning to relocate its current factory in Pending Industrial Estate to the bigger new site, which will allow it to increase production capacity by almost 30%.

“After relocating to the new Demak Laut site, the existing land at Pending Industrial Estate could be used for mixed development purposes subject to project feasibility studies,” SCIB said.

SCIB group MD Ku Chong Hong said in a statement that the expansion “aligns perfectly with the anticipated increase in demand driven by Sarawak's rapid infrastructure development plans in the coming years”.

Posted by LimitUp > 2024-01-26 21:19 | Report Abuse

“While we are aware of the ongoing market fluctuations, SCIB remains steadfast in our commitment to delivering value to our shareholders.

“This investment is a clear indication of our dedication to long-term growth and profitability, ensuring SCIB continues to play a significant role in Sarawak's industrial landscape,” Ku said.

SCIB first announced the plan to acquire the plots of land last week, following a massive sell-off in its shares at the time, as half a dozen counters hit limit-down that week due partly to brokers tightening margin trading on certain counters.

The counter, which hit a new high of RM1.19 on Jan 15, fell to as low as 29 sen — its lowest closing price in seven months amid the market sell-off.

It has since rebounded slightly to close at 44.5 sen on Friday; still down 52% since the start of the year.

At its last close, SCIB had a market capitalisation of RM284.9 million.

Posted by LimitUp > 2024-01-26 21:20 | Report Abuse

SCIB revalues property assets, adds 8 sen per share to NTA
In a separate filing, SCIB has also revalued five property assets under its belt, raising its net asset value by RM52.3 million or eight sen per share.

The adjustments, before deferred tax, totalled RM68.99 million, based on market value of the five assets of RM100 million, compared to its carrying value of RM31.62 million before the revaluations.

This brings its NTA per share to 21 sen as at end-September, from 13 sen per share previously.

Posted by Chee Hoe Leong > 2024-01-26 21:22 | Report Abuse

Let him a chance to cover what he bought at 1.00 to cover 😞😞😞

Posted by Bmw X5 > 2024-01-27 05:37 | Report Abuse

Monday come my Funds on standby ....start my engine

Posted by Bmw X5 > 2024-01-27 05:41 | Report Abuse

8.85 ha for RM21.62 million cash....woooow...SCIB cash rich

Posted by CoffeeMilo > 2024-01-27 13:53 | Report Abuse

Up up

Posted by joyvest > 2024-01-27 14:02 | Report Abuse

Up yours....

Posted by joyvest > 2024-01-27 15:19 | Report Abuse

Or down under? Your choice.

You-Hai-Tiu always chooses down under for the obvious reason....

Posted by YuHainTeck > 2024-01-27 15:36 | Report Abuse

@Sneakpeek
Kesian..so many delusional loser trying to cherish each other.

You're right... there're a lot of losers in here trying desperately to comfort each other when they already knew SCIB is already a gone case and impossible for it to go back to above RM1.00.

Posted by joyvest > 2024-01-27 18:16 | Report Abuse

Nothing is impossible in view of bright prospects of the company. There is no negative news surrounding the company so no cause of concern...

Posted by YuHainTeck > 2024-01-27 18:50 | Report Abuse

SCIB has been used by syndicate just to pump & dump. Don't you get it? Not just SCIB but a few other counters such as Widad... Leform... Rapid... Artroniq... SRidge... YNHProp... and a few others. All of you have been duped. Why are you people so ignorant?

Posted by joyvest > 2024-01-27 18:50 | Report Abuse

Nothing is impossible.

in view of bright prospects of the company and no negative news surrounding the company , there is no reason to believe it doesn't spike

Posted by YuHainTeck > 2024-01-27 18:58 | Report Abuse

Bright prospects? Hahaha... the company is high in gearing and heavily in debt. It will have to call rights issue soon to pay its debt and to stay afloat. It might even go to PN17 later on.

Posted by joyvest > 2024-01-27 19:01 | Report Abuse

P&D or not is unsure. They are just victimised at the unfortunate circumstances.

This counter is potential with expected future prospects for growth as evident in their recent developments,there is no reason to believe they can not be restored to the level where it truly belongs to in times to come....

Posted by joyvest > 2024-01-27 19:05 | Report Abuse

Their debt level is reported to be in the healthy level so no PN 17 is triggered and is out of the question.

With the backing of the sarawak government, there is no reason to believe it will be diminished.

Posted by joyvest > 2024-01-27 19:16 | Report Abuse

P&D happens to any counters .it can happen to top glove, jaks,armada, Air Asia,MlSC etc etc..

No single counter can be spared....

Posted by YuHainTeck > 2024-01-27 19:29 | Report Abuse

@joyvest... I really feel sorry for your losses bcoz you didn't listen to rr88 and me earlier but pls don't influence others to drown together with you. There are a lot of other good counters in Bursa.

Posted by YuHainTeck > 2024-01-27 19:54 | Report Abuse

Go and do your homework. Sarawak govt has absolutely no interest at all with a useless company like SCIB.