@Riaz1954

You sure yinson wont do a PP also? Their debt to equity ratio is higher than serba. Yinson 154% vs Serba 120%. of course, more cash on hand too compared to serba.

Karim is busy with Serba.

got good news, venturing into more solar farms, oil price up 5%.... and yinson down. I dont like this.... reminds me of last last quarter, good earnings but price continue to go down....

already in oversold territory, can go lower but not much lower hopefully.

No lah, RHB also got TP price for KPower - RM3.12
https://smallpdf.com/shared#st=3d260405-7eb7-4e33-9dcf-5bcf72444d41&fn=kpower+-+rhb.pdf&ct=1614851116342&tl=share-document&rf=link

@Popeye113

Karim disposed his KPower and SCIB warrants, causing everyone to follow. Also, already fly so high, consolidation mode now. Will go up and down for 1 or 2 months, but long term it will still go up and up. Karim sold to buy Serba share.

https://www.theedgemarkets.com/article/serba-dinamik-mysa-collaborate-new-space-economy

I partially blame the entire Serba team for this depressed stock price. Granted that the debt is an issue to begin with. Right after march, whenever the price is about to break out, Awang will throw his stock to depress the price, including when there is big announcement or good qr.

Then came the PP around Nov/Dec, right after the price went up to about RM2 or around there, Serba throw their own company shares, then next few days announce PP, price tanked.

Like, WTF. Can't they announce PP when the price was low? If awang is sabotaging the price or maybe not, no action taken? This means he is into this as well.

Dont blame people for not having faith in Serba, it is a self inflicted would that will take a long time to heal.

Probably Space VR thing, I thought they are opening a new VR theme park in Peninsular Malaysia, maybe this is it, travel to mars and space thing.

https://www.theborneopost.com/2020/06/26/serba-dinamik-opens-sarawaks-first-virtual-theme-park-with-reduced-capacity/

maybe Japan
https://www.nst.com.my/news/nation/2020/02/564524/japan-offers-malaysia-new-frontier-space-exploration

I know Abu Dhabi got space program, and it is cheaper to launch at the equator, which makes Malaysia a good location to launch a rocket. New Zealand also got rocket program, private one. I doubt SpaceX will come, most probably China private rocket company will come? who knows.

a delayed report usually means a bad report, this gives insider time to slowly sell without crashing the price. just speculating.

Cut loss now and buy recovery stock like KPower and SCIB.

Cut loss now and buy recovery stock like KPower and SCIB.

Cut loss now and buy recovery stock like KPower and SCIB.

This counter is a pump and dump. careful

Latest SCIB 4thQ 2020 Presentation

https://docdro.id/r12NcSt

Question 9
Current tenderbook amount?
Answer
RM3.7b

Question 10
There has been gradual selling in SCIB shares of late. Can the management comment on it and is there a change in shareholders structure?
Answer
No change in shareholding structure. We are committed to the company. Strategies have been implemented. Internal targets for 2020 have been exceeded. 2021 target is RM2b. To allay some fears, expect no major changes.

Market has talking about me selling warrants. I need to make a firm statement saying I have sold zero mother shares. Warrant is a programme to reward shareholders. Those warrants are also given for free. There is no guideline that restrict us from selling the warrant. It’s a reward to all shareholders. So, there should not be any concern of diluting or me exiting. The percentage of my major shareholding is still maintained. As far as being major contributors and providers in IBS in civil construction is concerned, we will global in years to come.

Question 11
What sort of burn rate SCIB scpecting this year?
Answer
30% for 2021

Question 12
Building for Qatar WC projects. Please share how discussions are going?
Answer
There are a lot of infra and construction jobs in Qatar because everybody is rushing to complete projects for the 2022 World Cup. Many opportunities, but SCIB is careful in selecting to prevent bad debts. Be guided by burn rate of 30% of orderbook. We want to highlight that SCIB is looking beyond Qatar, UAE and Oman. There are many other countries that SCIB will enter to expand our geographical positioning. We will not depend on one basket of revenue. With wider geographical positioning, SCIB will fulfil its commmitetd trajectory targets.

Question 13
What are your targets for 2021?
Answer
In 2021, RM1.5b market cap is achievable. Together with the commitment from the board and management, we will try our very best to move to the next hurdle of RM2b. RM1.5b to RM2b market cap is something we believe we can achieve for 2021.

Closing Statment from Management
Thank everyone for your interest in SCIB. We are committed in 2021 for another great year. Internal targets in 2020 have been achieved. We have set higher target this year. Hopefully with the commitment from board and management, we can achieve our targets. With that, we can reward shareholders accordingly. Thank you.

Forward message:
SCIB / 9237 (SARAWAK CONSOLIDATED INDUSTRIES BERHAD) - 4Q2020 Post Results Investor Briefing and Q&A

I attended SCIB's post 4Q2020 results briefing with @Ryunanda and @facademy. Karim, Roslan and co were very obliging and forthcoming in their responses. As an investor, it gives me great comfort and confidence in their stewardship.

Here are some key highlights and my Q&A from the session. Please note that they have been paraphrased and they are not verbatim. Enjoy!

Key Highlights
1. RM1.6b - 2020 Contract Value Secured
2. RM2.4b - 2021 YTD Order Book
3. 635% - YoY Order Book Growth
4. 500% - Revenue Growth
5. 1,566% - PAT Growth
6. RM3.7b - 2021 YTD Tender Book
7. Projects - Peninsula and Petronas to come in 2021
8. "2021 is a very bullish year." - Karim

Question 1
How are the negotiations with CIDB and MDEC on 3D printing business? How much does SCIB need to spend on this and what kind of contibution can we expect for FY22 onwards?
Answer
3D printing will defintely assist IBS systems. We are trying to expedite permits and licenses with CIDB for our 3D printing technology and business. Discussions to date are very positive. Once approved and implemented, we will be rolling it out to support our government's pledge to affordable homes. SCIB hopes to be a major contributor in this sector. RM3.6-4m will be spent to acquire the technology. We expect that shipment of equipment to arrive in the first week of May 2021.

Question 2
What is the estimated cost savings by implementing 3D printing in IBS and the construction industry?
Answer
3D printing will save a lot of labour costs and reduce wastages in construction material. This is new, the 1st phase rollout is always expensive. Once it’s more widely used, the cost will be gradually reduced. The management believes that as a pioneering company, will be in the best position to have greater profitability in the future. For building houses, the construction time will be shortened. Eg. A 1 storey house at 15x20f will take 24hr to build vs 2-3 days without 3D printing and IBS.

Question 3
With current low debt raised, can we expect in the short term, that there should be no further corporate exercise fund raising for working capital for on hand projects?
Answer
With existing funds in hand vs existing pipeline and projects, there will certainly be fund raising be done. Taking a holistic view, our entire prospects and jobs, the management believes further fund raising exercises will be carried out. We are actively looking into expanding banks borrowing. Low gearing ratio in this situation is not optimum. More funds are required to execute the orderbook. Finalizing discussions with a few banks at the moment.

Question 4
With the acquisition of the company with a Petronas permit, any expectation of when the maiden Oil and Gas contract will be announced?
Answer
Existing company is related to scaffolding services. A lot of projects under Petronas has been put on hold due to Covid-19 and MCO/CMCO. Construction has slowed down. However, SCIB have secured a subcontractor package to provide scaffolding services to a contractor with projects from Petronas. Outside of OnG, we have secured projects in two plants in Sarawak. The scope is civil and infrastructure works. Announcement of projects will come in Q2 2021. Many big projects will start to come in this year.

Question 5
Thoughts on the current state election? Any impact to SCIB?
Answer
The Sarawak state election will not be carried out due to the state of emergency. With regards to projects in Sarawak, school and infrastructure, they are still being rolled out. This includes water treatment plants (improvement to water piping). Early 2Q this year, SCIB will be announcing more projects. 2021 is a very bullish year. With vaccinations being rolled out, if gives us confidence that projects will be continued with more freedom with less SOP in CMCO.

Question 6
With respect to projects in peninsula, what sector is SCIB targeting? Affordable homes? What about civil infrastructure such as roads and highways?
Answer
Affordable homes and infra such as roads and highways are the targets. We have put in a bid for a project and we are expected to be awarded this contract. This will hopefully be announced soon. Road maintenance and construction. We are very much close to getting this project. We also looking at PPAM and PR1MA affordable homes.

Question 7
Can you share the optimum debt and gearing ratio?
Answer
Comfortable gearing ratio is 1x to balance debt

Question 8
What about rising commodity prices? How has that impacted you?
Answer
For manufacturing, our operations are impacted by recent increase in steel prices. However, it will be passed down to our customers. We keep stock levels for existing orders. Pricing for new orders will be increased accordingly. Impact to SCIB is minimal. Additional costs are passed on to the customer.

@FortuneBlooming

Do you even know what the Bonus Issue means? Using your calculation, if the price remains the same but you get more units in 2026, TG market cap will have to be RM240 Billion.

What are you smoking? As the companies becomes bigger and bigger, bonus issue becomes less frequent, look at MBB and PBB, when was the last time they issue bonus and the gap between these issue?

They acquired a few companies, they are expanding and growing, I believe this will reflect in the next QR with higher profit.

--------------------------------------------------

On 9 October 2020, the Company has incorporated a company known as KPower Logistics Sdn. Bhd. with 1,000,000 ordinary shares representing 100% shareholding in for a total cash consideration of RM1,000,000.

On 21 October 2020, the Company had entered into a share sale agreement with Sabaka for the acquisition of 2,193,000 ordinary shares in Chemtrax Sdn Bhd (“Chemtrax”), representing 51.00% equity interest in Chemtrax, by the Company for a total cash consideration of RM10.00 million (“Proposed Acquisition”). As at the date of this report, the Proposed Acquisition has been completed.

On 18 November 2020, the Company has incorporated a company known as KPower Healthcare & Technologies Sdn. Bhd. with 1,000,000 ordinary shares representing 100.00% shareholding in for a total cash consideration of RM1,000,000.

@Ifahjais

because the qr earnings got hanky panky... earnings from where, which company? all so mysterious. the more you read, the more you know next qr they will have to face the music.

The info in i3 is wrong. Market Cap is RM970, the NOSH is wrong, the PE is wrong...

https://www.theedgemarkets.com/article/sarawak-consolidated-industries-and-its-unit-bag-contracts-worth-rm821m

At the time of writing, SCIB shares were five sen or 2% lower at RM2.45, valuing the group at RM1.25 billion. It saw some 30.5 million shares done.

@AnsonLiew

Market cap is RM970m not RM1.4 as you stated earlier. The NOSH by i3 is wrong, probably they got confused and included the warrant. PE is wrong too. RM1B market cap is reasonable.

I hope this coming quarter the results will be good.

Karim always sell warrant to buy back mother. Look at Serba Dinamik, he did the same. Warrant no dividend, no voting rights. His style is like this, and he likes to give out quarterly dividend. When the price is low, he will buy back.

Karim always sell warrant to buy back mother. Look at Serba Dinamik, he did the same. Warrant no dividend, no voting rights. His style is like this, and he likes to give out quarterly dividend. When the price is low, he will buy back.

@investor_69

yeah, I saw the i3 quarterly results after I posted but could not edit my comments. Their financial calendar is not the usual one.

This means Q2 the coming QR will be good?

Post removed.Why?

@Orlando

It is called conglomerate in the making.

@JohnFarmer458

yeah, so much lies from you. You stuck at high in ES Cream? I check the list, karim and gang no inside the owner list. Desperate to lie to push up the price. Might as well go invest in Awang's counter - iStone, Minetec and Sealink

@James

PP got say EPF got buy? where is the PP list? EPF got many groups, not just 1. Some groups within EPF may buy while another may sell. End of the day, each group will have to report their performance to the head of EPF. but of course, they have a general guide too, like maybe certain stocks cannot touch.

@Calvin882

Look at their past history, jaks, dayang, hengyuan and many more, they wont touch serba. too liquid, too big. 1% of RM6B is RM60m. How much do they need to move the price to create a fake breakout? RM600m? I doubt they have this much spare money or margin to do this. If Serba does fly, it has nothing to do with them.

Furthermore, Serba is in the short selling list, top 10 if not mistaken. Short sellers can easily counter their RM600m if they ever had such capital.

OTB, KYY and gang will go for RM1B or smaller. Average float. Not in the RSS list. Something with a good story for them to cook. Plus. KYY's money is tied in Supermax now. Will he cut loss and jump to a new stock? Time will tell.

@sting79

Who told you OTB is aiming this stock? From what I understand, they dont go for such large cap, Serba is almost RM6B, they tend to go for RM1B or less with average float, this way it is easier to pump and dump. RM6B + high float like serba is too hard for their group to move.

I call you a liar. Show me screenshot of their group chat.

Sweat lord, how do you guys invest? You guys just buy without looking at future earnings, growth and debt? all just look at the price only... god save me.

Sweat lord, how do you guys invest? You guys just buy without looking at future earnings, growth and debt? all just look at the price only... god save me.

@skcheah

Future earnings growth, which will most likely taper in 1 to 2 years time. If I tell you gold price will drop in value in 1 to 2 years time but now is on an uptrend, will you buy gold?

will go into correction mode for the next 7 days... this is normal. dont buy now.

@AlvinTSK

Emergency use over already, now official for the public, high risk group.
https://ourworldindata.org/covid-vaccinations

Joe Biden is going to speed up the vaccination campaign.

don't buy now... correction mode, will go down for another 7 days

@winwinvest

It is new tech, they just update the protein spike info and it can be done in less than 6 weeks, unlike traditional vaccine which will take 1 year. welcome to the future. mRNA technology.

anyone with any idea when they gonna open and where the first CU store will be? thanks

Anyone knowledgeable enough to explain why PB took this move? Lack of cash?
https://www.klsescreener.com/v2/news/view/780653

KPower and SCIB are under Karim. This one is by Awang. Awang must pull his own connection, which he doesnt have. Different leh... unless Karim steps in, but why should Karim help? Karim already try to bid for LSS4 via KPower.

QR coming soon and price drop like this... get ready for bad news.

@james8888

It is the law, to protect the investor. Yes, bad news, but they must announce any bad or good news so that new investor can make their own decision. For those went in earlier, too bad.

GrowingRich, RiverOfSilver, BountyOfTheBourse, SaveMsiaFromPHGov are all the same person. Why create so many accounts to say the same thing?

KPower 30%
TCS Group Holdings Berhad 20%
D'Nounce Technology 20%
Success Transformer Corp Bhd 10%
Jaycrop 10%
Inta Bina Group 10%

@Morpheus61

I went to 'Rule #1, don't lose money' school

@Amazonboy

Are you Buffett or as good as him? I am not as smart as him, not even 0.1%, so I have to rely on tools. Maybe you don't, congratulations.

since september, the MACD smart money shows IB and Institution has left glove stock slowly. Today, another new indicator appears. It finally broke the 200 MA. All glove counter either broke it today or yesterday.

The first time TG broke the 200MA was january, the start of the rally. Today, it broke the 200MA, signaling the end of the rally.

Sorry, majority of investor look at these technical thing. Will take a few months for the price to settle down. Based on long term fundamentals, RM3 is the right price once covid ends in 1 or 2 years time. Around 2022.

SaveMsiaFromPHGov is so toxic.
Why must you curse? Can't you talk properly?