KLSE (MYR): SCOMNET (0001)
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1.21 - 1.25
Even though their directors and substantial shareholders had been disposing the shares lately, it's still hanging strongly at above RM1.50
When is it moving to Mainboard?
Expected end of June this year
Good Q4 results can be expected from Scomnet
Seems like Scomnet will break RM1.60 again
Any idea when it's moving to mainnboard?
Still expecting good q4 results? U guys do know that one of their main customer cutting orders, right?
don't just tell part of the story, they also replenish with other orders too right !
unless you are very sure no other orders. customers order come and go is normal in doing business.
You meant Edw or Amb? or both clients?
Ambu cut 50% orders in 22Q4.
Yes they get new orders but the problem is they will only start the mass productions Q2 this year.
I see. Then double good news during their Q2 this year
1.570 / -wa 0.880
Sudden volume & price increase, anything coming?
Nice. Breaking RM1.60 again. Got holding power sure got hope one
Guess it will undergo some profit-taking activity due to CNY ba
Not so heavy on the selling pressure. See how it will move tmr
Today beat down again... What happens?
Cash out for CNY celebration. NO worries, it still hang around strongly above RM1.50
Steady movement above RM1.50 carries on...
4 more months to see Scomnet going mainboard
Good lor for Scomnet's staff. Can get cheap price tomorrow via ESOS
that is not ESOS la~the conversion is from free Warrants that give to shareholders in 2019
@jackyjay. My bad, saw wrongly because recently there're quite a lot of companies doing ESOS
Anyone can tell me what happen to this co, share price every day down..
most likely the Qr leaked & doesn't look good
Ya...find a good entry price to average if got free cash ba
See if it would slide to RM1.35 or not...
Back to rm1 in no time...
Lol. All in if back to RM1 lor. Don't forget it will move to mainboard in June
Wait at mainboard at 10sen.
Lol. 10 cents...XD too cheap to be neglected
Looking forward Scomnet's Q4 result next week
Should be bottoming?
0.14 in. hope tmr start fly...
Perhaps it's bottoming. Let's wait ba its QR next week
Forming a downtrend before Q4 is released...
i think can buy already @ RM 1.35
Friday, 25 Nov 2022
7:50 PM MYT
KUALA LUMPUR: Pheim Asset Management Sdn Bhd (Pheim Malaysia) and Pheim Asset Management (Asia) Pte Ltd (Pheim Singapore) have acquired under a 2% stake in Supercomnet Technologies Bhd (Scomnet).
Pheim Malaysia and Pheim Singapore bought the stake via a combination of an off-market transaction and directly from the open market.
The bulk of the acquisition was made on Wednesday at RM1.62, which is a 9.5% discount from its Tuesday closing of RM1.79.
At this price, Scomnet has a market capitalisation of RM1.36bil.
“We are very pleased to welcome Pheim to become our shareholder. We look forward to growing our relationship and learning from each other’s experience for a prosperous future together,” Scomnet managing director James Shiue Jong-Zone said in a statement.
For the third quarter ended on Sept 30, 2022, Scomnet announced a 44.4% increase in net profit to RM10.1mil on the back of a 40.6% jump in revenue to RM45.14mil compared to the last corresponding period.
Buy now @RM 1.37, cheaper than Phem bought
KUALA LUMPUR: Supercomnet Technologies Bhd (Scomnet) remains optimistic of its mid to long-term prospects and will continue to work closely with existing and new customers on new product development.
“Barring any unforeseen circumstances, the group expects the performance for the next financial year to be satisfactory,” it said in a statement.
profits and revenues. It posted a 30.89% jump in net profit to RM33mil for its full year ended Dec 31, 2022, from RM25.21mil previously while revenue rose 10.24% to RM158.33mil.
The record full year profits are simply the result of Scomnet’s growing momentum from existing customers besides maiden contributions from new customers. The pipeline of Scomnet’s orders remain strong and continues to increase.
“Organically, we are confident of our business prospects. Besides the pipeline of orders that we have in hand, our cashflow from operations continues to increase over the quarters.
Anybody believes share price @ RM 1.38 is at the bottttom..?
All bad news are priced in after falling for 3 months. Rebound Imminent.
Stipulated. It goes up despite weak Q4 results
Looks like Scomnet will hang around at RM1.36 to RM1.38 for a while before they get to switch to Mainboard
This company was once investigated for stock speculation.
2 months ago
Time to "Salute" it !
1 month ago
Let's see how it will perform for its Q1 next month
1 month ago
Estimate Scomnet's revenue will decline to around RM35 million in Q1...
1 month ago
AGM is coming next month, can raise the question about the progress of transferring to the mainboard
1 month ago
Still have hope de if got strong holding power