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.

Posted by joyvest > 2024-01-27 20:06 | Report Abuse

Don't teach your grandmother how to suxk eggs. You are influenced by rr but we are not.

We are discerning enough to judge from our perspectives in light of developments surrounding the company .

You are at liberty to do what you want and what you like. U-Hai-Tiu or not is NOOB..

Posted by YuHainTeck > 2024-01-27 21:16 | Report Abuse

Will a good company push its share price from 14c right up to RM1.20 direct in a few months time without any meaningful profit taking and then went limit down 3 consecutive times in a row to 23.5c in a matter of only 3 days?

Posted by xiaoeh > 2024-01-27 22:22 | Report Abuse

Good song
still prefer 鄭少秋 version

Posted by xiaoeh > 2024-01-27 23:10 | Report Abuse

Good song
prefer 李翊君version....
and 性感钟丽缇....演出
haiz...

Posted by CoffeeMilo > 2024-01-28 12:05 | Report Abuse

Up up up ~~

Posted by Bmw X5 > 2024-01-29 03:54 | Report Abuse

https://www.theborneopost.com/2024/01/28/scib-advances-growth-plans-in-demak-laut-industrial-park/

Posted by Bmw X5 > 2024-01-29 04:40 | Report Abuse

https://www.thestar.com.my/aseanplus/aseanplus-news/2024/01/28/indonesia-to-start-airport-trial-in-new-capital-nusantara-in-july

Posted by Bmw X5 > 2024-01-29 07:11 | Report Abuse

Hahaha scib forum got ghost hackers...big time scammers!

Posted by Bmw X5 > 2024-01-29 07:18 | Report Abuse

Scammers advising against scammer ...what a BIG joke !

Posted by Bmw X5 > 2024-01-29 07:20 | Report Abuse

SCIB advances growth plans in Demak Laut Industrial Park
BY YVONNE TUAH ON JANUARY 28, 2024, SUNDAY AT 10:00 PMBUSINESS

KUCHING (Jan 28): Industrialised building systems specialist Sarawak Consolidated Industries Bhd (SCIB) announced the acquisition of five industrial leasehold plots in the Demak Laut Industrial Park here, a move set to significantly enhance the company’s production capabilities in line with Sarawak’s booming infrastructure development.
The acquisition, involving a total five lots of land, totalling 8.8544 hectares (approximately 21.88 acres) in the Muara Tebas Land District, represents a strategic expansion of SCIB’s operational footprint.
In a statement, it explained that the total purchase consideration for the land is RM21.6 million and shall be fully paid in cash, from combination of internally generated funds and bank borrowing. This investment marks a pivotal step in the company’s growth strategy, positioning SCIB to meet the burgeoning market demand.
SCIB group managing director Ku Chong Hong commented, “This land acquisition is a testament to our commitment to expanding SCIB’s capabilities and market reach.
“The new location at Demak Laut Industrial Park, just fifteen kilometres from Kuching city centre, is not only strategically advantageous but also provides us with the necessary space to increase our production capacity by almost 30 per cent.
“This expansion aligns perfectly with the anticipated increase in demand driven by Sarawak’s rapid infrastructure development plans in the coming years.”
He added, “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.”
The intended use of the newly acquired land is for constructing an industrial factory to produce concrete-related products such as Spun Piles, Spun Pipes, and Reinforced Concrete Products.
The move to Demak Laut Industrial Park from the current factory at Pending Industrial Estate is a strategic decision by SCIB to leverage the larger land size for enhanced production capacity. SCIB envisages the new factory to commence construction by the second quarter of 2024, and to be completed by 1Q25, and the factory should be contributing positively to the company’s earnings from 2Q25.
SCIB is confident that this land acquisition and the subsequent increase in production capacity will significantly contribute to the company’s growth and ability to meet future market demands, thereby enhancing shareholder value in the long run.

THIS IS REAL , LEGAL AND LEGIT !!!!

Posted by Bmw X5 > 2024-01-29 09:09 | Report Abuse

0.50 breaching soon

Posted by Bmw X5 > 2024-01-29 09:23 | Report Abuse

wowwowowow buying power now!!!

Posted by joyvest > 2024-01-29 09:24 | Report Abuse

Dont miss the flight..........

Posted by Bmw X5 > 2024-01-29 09:34 | Report Abuse

sales ending soon for a limited time only....mega projects in Swak !!!

Posted by Bmw X5 > 2024-01-29 09:36 | Report Abuse

cash sales only no contra .....allowed by Bursa

Posted by rainman777 > 2024-01-29 10:07 | Report Abuse

Hahahaha ada wang wang kasi tak mau, lagi mau cakap ah Chee ah Chor,i mau upgrade to bmw X6, Wakaka

Posted by Eagle77 > 2024-01-29 10:15 | Report Abuse

⬆️✅😎👍

Posted by joyvest > 2024-01-29 10:16 | Report Abuse

Rain man is so smart that he can count cards in blackjack though he is said to be an OKU.

Posted by Flykite > 2024-01-29 10:35 | Report Abuse

Lift stuck at 45th floor

Posted by joyvest > 2024-01-29 10:42 | Report Abuse

Next floor up is Paradise ....

Posted by YuHainTeck > 2024-01-29 11:00 | Report Abuse

Hahahaha... still hoping and daydreaming about this useless counter.

Posted by YuHainTeck > 2024-01-29 11:09 | Report Abuse

Will surely go RED before 11.30am.

Posted by bigprice > 2024-01-29 11:13 | Report Abuse

Red n limit down 2 times to 1 sen. Dream on it.

Posted by joyvest > 2024-01-29 11:24 | Report Abuse

You-Hai-Tiu (YHT) talks like SKL , red in your fantasy only

Posted by YuHainTeck > 2024-01-29 11:26 | Report Abuse

Right on the dot. Already RED before 11.30am.... hahahaha
I hate being right all the time.

Posted by YuHainTeck > 2024-01-29 11:34 | Report Abuse

A lousy counter like SCIB will not be able to sustain. It will surely go back below 30c later on... just like rr88 says.

Posted by joyvest > 2024-01-29 11:38 | Report Abuse

Y-H-T must have lost a lot of money in SCIB by cutting losses indiscriminately and now cursing like hell ,which is self explanatory from the demonstration of his odd and pathetic behaviours in this forum...........

Posted by YuHainTeck > 2024-01-29 11:43 | Report Abuse

Lost?? I checked out at RM1.15 - RM1.16 and I warned you guys earlier to get out before 'the house of cards collapse' when it was trading at RM1.19 - RM1.20. Don't you remember?