Sell a kidney quick ! haha

Time to collect

After they dispose the next day one big investor took up 4% of the company stake. Tool today we don't know who that is.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3085900

Be a member of rakuten. You can read it.

I got the PDF file for it.

Investment Idea - SCOMNET (0001)

Continue to recommend BUY on Supercomnet Technologies Bhd with revised TP to RM2.68, up 23% from previous TP due to the booming healthcare and surging demand for their medical cables . Expecting 59% and 68% growth in FY20 and FY21 profits respectively for this cash rich company.

- RAKUTEN

so what is it going to be like tomorrow?

US downtrend

This is a strong company without a doubt. Not necessary it must fly like its kena goreng. Gradual increase is the strongest increase. Take this as an investment rather than a daily trade.

Of course menarik larr. Terbang besok bro

Tomorrow fly? Hope it will fly past 0.64

U didn't manage to enter cheaper price is it?

Next QR defo will be in end of October.

Apa berlaku? Strong!

To hold or to let go? Hmmmmmmmmmm That is the question

The quarter report is out. I don't know if is good or great

What happen to the market?

Lets go lorr wei. QR coming out soon right?

Initiation
Supercomnet Technologies Bhd (SCT MK/BUY/RM1.52/Target: RM1.98)
A Shooting Comet

• Initiate coverage with BUY call and target price of RM1.98 based on 30x 2021F PE. Scomnet is the direct beneficiary riding on the explosive demand for critical medical devices, being the sole supplier of FDA-certified components to western medical-tech giants such as Edward Lifesciences, Ambu Medical and Mermaid Medical Group.

• Stellar earnings track record. Since the acquisition of the remaining 80% stake of its medical subsidiary SMP in early-18, Scomnet recorded the ninth consecutive quarter of yoy earnings growth, and is poised to ride on the impending acceleration of healthcare equipment demand in the US and Europe. To note, Scomnet recorded an impressive 5-year net profit CAGR growth of 45% in 2015-19.

• Three-pronged strategy to fuel growth. Scomnet is poised for a new leg of growth which will anchor a 3-year revenue/net profit CAGR of 18/30%. This will be supported by: a) key customer’s aggressive growth, b) increase in the orderbook in tandem with the growth of global healthcare consumption, and c) efficiency improvement and capacity expansion.

• Capacity expansion to accelerate earnings. Scomnet’s utilisation rate for its medical segment has increased close to 90%(from 70%) to capture the overwhelming COVID-19 orderbooks, and has allocated RM7m-10m capex for capacity expansion, with second floor capacity to be lifted by 10-12.5% in the coming two months, followed by the new building which could potentially elevate capacity by 80% upon completion in 1-1.5 years.

• Forecasting a 3-year net profit CAGR of 30%. We estimate Scomnet to register core net profit of RM29.5m/RM42.5m in 2020/21 which implies earnings growth of 52%/44% respectively. This is on the back of a 3-year revenue CAGR of 18% whereby growth will be mainly driven by higher orders and contribution from SMP’s medical cables fulfilling huge COVID-19-induced demand.

Kindly see link below for full report:
https://research.uobkayhian.com/content_download.jsp?id=58090&h=84d0a7cfc8d5248244541e08574cc802

What does this mean?

Haih die d this counter. Losing a lot. Need to hold.

So tomorrow will limit up?

I dun even know why i enter. Now am stuck at 0.64 entry

Can't wait for the QR. When will it be out? End of the month?

Yeah wei a travel company say do vaccine also limit up. Haihhhh what happen K1?!

What news is k1 gonna release any idea?

Gentech, i like ur positivity

Can still chase?

What news does K1 Has?

Careplus and HLT dun dare to chase. Enter LUXCHEM now while holding scomnet

https://simplywall.st/stocks/my/capital-goods/klse-scomnet/supercomnet-technologies-berhad-shares/news/supercomnet-technologies-berhads-klsescomnet-earnings-havent-escaped-the-attention-of-investors/

Honestly they are doing so well and with the world COVID, ppl are buying their products. It definitely should be going higher.

Jatuh sikit this morning. I am just wondering when will it go main market ? Then from there more fund houses can buy

When they gonna go main market?

https://klse.i3investor.com/blogs/bursastocktalk/2020-07-21-story-h1510638796.jsp

Can someone help translate please

Then lets earn the money with them until they go back one day lorr.

Gradually growth. It's actually really healthy like that.

Tomorrow up?

What's going on with the market?

https://simplywall.st/stocks/my/capital-goods/klse-scomnet/supercomnet-technologies-berhad-shares/news/why-were-not-concerned-about-supercomnet-technologies-berhads-klsescomnet-share-price/

Moon time

per share. If you have 10,000 shares then is 10,000 x 0.15

It's mainly because this company is growing and have many things in plans for the future.

I agree with Kit Kat.
It already qualifies now without taking into account future earnings. So i got a feeling it will fly soon.

Main market lorr wei !

Can explain to me whats good about this?

KUALA LUMPUR, 10 JULY 2020 – Supercomnet Technologies Berhad (“Scomnet” or the “Company”), an ACE Market-listed company which is principally involved in manufacturing and assembling quality wires and cables for various segments such as medical devices, electronic appliances, consumer electronics and automotive, is pleased to announce that its latest cathether for cardiovascular use has been approved and is now listed on the US Food & Drug Administration (FDA) website.
The product ‘D*Clot HD Rotational Thrombectomy Catheter’ is classified as a catheter or embolectomy on the FDA website. It is registered under Scomnet’s fully-owned subsidiary Supercomal Medical Products Sdn Bhd, which principal activities involve the manufacturing and sub-assembly of cables for the medical device market.
Scomnet said that the FDA approval means that the Company can now start manufacturing the catheter for its client, which is Denmark-based company. The client is the exclusive distributor for several world-leading producers of medical devices. Its global sales force works out of 10 sales offices in Europe, USA and Asia, supplying medical devices to hospitals and other end-users.
“The latest development is in line with our Company’s push to expand into new markets and acquire new clients as we diversify our corporate footprint globally. At the same time, we also strive to solidify our position in our current markets, making us one of the leading OEM automotive cable and medical device players,” Scomnet said.
In FY2019, Scomnet’s revenue reached an all-time-high of RM122.97 milion, representing a strong increase of 39.28% year-on-year (“y-o-y”). Its net profit also touched a new record high, increasing almost 74% y-o-y to RM19.38 million. The major increase in turnover and profits was contributed by the increasing sales form existing customers of subsidiaries.
It is worth noting that several key products of SMP are utilised in critical medical devices that are needed in the treatment of COVID-19 patients. Among the critical medical devices are disposable bronchoscopes, which are used in the first line of lung treatment for patients with suspected or confirmed COVID-19 infections, and the critical care monitoring cable that is presently being used for COVID-19 patients in the Intensive Care Unit.
Supercomnet Technologies Berhad and its group of Companies is a leading and trusted partner in the provision of advanced high technology cables for the IT sector and OEM medical cables assemblies. Its manufacturing operations are located in Sungai Petani, Kedah.

Scomnet got press release today

I think they should be able to qualify for main market now right? Just have to see their earnings? Wonder when will that take place.