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?
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.
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...........
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?
You are now taking with hindsights and making it out of proportion on the unexpected circumstances. Since you think you are so great , tell us which counter or counters are going to collapse now .There are a lot of counters climbing up since MCO times.
You, Yu-Hain-Teck or You-Hai-Tiu, are now given the honour to point out which counter or counters is/are going to collapse since you have claimed that you are one of a kind
" since you have claimed that you are one of a kind" - @joyvest
Mind you... I never claimed that and I've never professed to be one. I'm just a concerned investor just like rr88 who don't want my fellow investors to get their fingers burned... that's all.
Who's talking about the past? 'm not talking about the past. I'm talking about NOW. I'm talking about SCIB's share behaviour NOW. As it is NOW... the share is useless. How would you rate a counter that has gone limit down 3 consecutive times in just a matter of 3 days? From RM1.20 right down to 23.5c ? How ridiculous can that be?
You keep avoiding my mention of jaks simply because you can not accept the fact that jaks is traded at 18c which is much much lower than SCIB by 1 folds above despite the fact that it had good fundamentals which was in the past in retrospect.
Too bad. Whether you like it or not, the market is forward looking....
@joyvest is so obsessed with SCIB. I just want to advise you... pls don't fall in love with a specific counter... especially SCIB. Once you make money... just sell... and wait for it to come down to buy back again later on when the price is right.
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....
joyvest
10,540 posts
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..