Posted by Xcalibre > 2024-01-17 14:40 | Report Abuse

Automotive to Fully Recover by 2Q24
Management shared that 4Q23 automotive contribution would remain flat QoQ but full recovery is expected to happen by either 1Q24 or 2Q24. We understand that Scomnet’s customer, Stellantis is evaluating Gurun’s potential to be a regional hub for battery-electric vehicles (BEVs) for domestic and export markets. In essence, we believe the expansion of Stellantis in ASEAN (via Gurun, Kedah) will bode well for Scomnet.

In addition, Scomnet has been approached by a European automotive player to produce wire harness for Chrysler models in the US market. If successful, the first project is expected to begin in March or April 2024 and contribute around RM10-15mn sales per annum.

Posted by Xcalibre > 2024-01-17 14:40 | Report Abuse

Medical Segment Sets to Grow Further
Moving into 4Q23, the group is confident that the medical segment contribution will increase by 15-20% QoQ driven by higher sales to Edward (40% of 3Q23 revenue) and recovery in orders from Ambu (29% of 3Q23 revenue). We note that Supercomnet has been chosen by Edwards Lifesciences (market cap of above USD50bn) as the best quality supplier (more than 700 suppliers) and achieved gold status in 2023. Edward will be using more digital smart cable (from analog cable) for its products such as its inbuilt PCB Board somewhere in the middle of 2024. For Ambu, the growth will come from endoscopes, gastroscopes and colonoscope (US FDA approved in Sep-23).

Posted by Xcalibre > 2024-01-17 14:40 | Report Abuse

Full of potential..and lots of upsides

Posted by Xcalibre > 2024-01-17 19:36 | Report Abuse

Investors are smart enough to know who’s the tin kosong (ie fruitcake) who just know how to make noise and post statements with NO substance…

Posted by fruitcake > 2024-01-17 20:20 | Report Abuse

ok sorry. i delete all. good luck & all the best

Posted by fruitcake > 2024-01-22 09:39 | Report Abuse

@xcalibre, is the price gone beyond sight?

Posted by catalan > 2024-01-24 17:33 | Report Abuse

1 day down 3 cents, next day up 3 cents.

Posted by TrendSculptor > 2024-02-08 10:00 | Report Abuse

wow, wat happened? Why the directors disposed the shares continuously?

Posted by Michael Kwok > 2024-02-15 15:55 | Report Abuse

Buy call scomnet 1.30
Tp 1.80 range.
Is it real.will say yes.ini kali lah.
15/2/24 3.55pm

Posted by Michael Kwok > 2024-02-15 15:58 |

Post removed.Why?

Posted by TrendSculptor > 2024-02-20 15:46 | Report Abuse

Good Q4 result can be expected from Scomnet?

Posted by NgWS90 > 2024-02-26 15:51 | Report Abuse

Probably as Ambu's order has been recovering since the third quarter of last year

Posted by fruitcake > 2024-03-01 12:32 | Report Abuse

loose cannons...taiwanese???

Posted by NgWS90 > 2024-03-04 15:13 | Report Abuse

Geopolitical risk is more likely ...

Posted by Xcalibre > 2024-03-06 10:07 | Report Abuse

Price is rather high (PE 34x) while future upside is not that great..
Mermaid orders would be halted in April this year. Though it’s mentioned to be resumed by Sept when internal dispute is settled, there is uncertainty whether the dispute can be settled by then..

better wait for it the price to be cheaper first then only enter..

Posted by NgWS90 > 2024-03-07 11:40 | Report Abuse

What's the fair price of Scomnet to you, Xcalibre? 🙂🙂

Posted by c328 > 2024-03-07 19:35 | Report Abuse

Be cautious of this company.
Between August 2020 and March 2024,
they have continually added 170,117,400 shares through additional listings, which dilutes shareholder benefits. This trend of adding approximately 3,956,218 shares per month continues.

The management of this listed company is not sincere in fostering business growth;
instead, they manipulate share units for their own benefit.

Posted by jackyjay > 2024-03-08 08:14 | Report Abuse

c328 ,
the Company issued FREE warrant of 1:3 to all existing shareholders on 2019, then they are eligible to convert warrant at RM0.65 per share (which the price are similar at the mother share price at 2019). So the convertion is a REWARD to shareholders who hold long term.

Posted by NgWS90 > 2024-03-08 18:26 | Report Abuse

I guess c328 missed out the bonus issue and became upset. ha

Posted by c328 > 2024-03-08 23:36 | Report Abuse

ha.. lets the market take time to digest all the dilution impact and production line impact first.

Posted by NgWS90 > 2024-03-12 09:44 | Report Abuse

Analysis of Scomnet from TA research. Quite good
https://www.thestar.com.my/business/business-news/2024/03/06/medical-segment-to-drive-supercomnet-earnings

Posted by NgWS90 > 2024-03-14 16:17 | Report Abuse

Directors bought back the shares. Got good news ?

Posted by c328 > 2024-03-18 11:56 | Report Abuse

boss always bought shares around +/- 1.20, boss knows how to earn money.

Posted by NgWS90 > 2024-03-20 10:29 | Report Abuse

Because boss also knows his own business very well 😁

Posted by NgWS90 > 2024-04-03 17:31 | Report Abuse

Scomnet is waking up and moving up

Posted by NgWS90 > 2024-04-18 07:30 | Report Abuse

EPF starts to collect Scomnet. It's a hint 😉

Posted by NgWS90 > 2024-04-25 15:50 | Report Abuse

Slide back down when it hits 1 year high price (Rm1.55) 😅

Posted by NgWS90 > 2024-04-29 14:56 | Report Abuse

Management sold too fast 😆

https://klse.i3investor.com/web/insider/detail/D_178307_150721058

Posted by Nepo > 2024-04-29 16:04 | Report Abuse

omg today volume huge.
now only two distinct directions :-
1) Fly uppp and away
2) Crash and hard landing

You have to bet which direction it goes..

Posted by c328 > 2024-04-29 23:15 | Report Abuse

confirm up trend

Posted by NgWS90 > 2024-05-06 10:17 | Report Abuse

Nice, epf started tapping in 🤗
https://klse.i3investor.com/web/insider/detail/SBSH_584740_174085760

Posted by c328 > 2024-05-08 10:58 | Report Abuse

nope. it's normal, when have Exercise of Warrants - 2,224,166 shares at 0.650. Just wait.

Posted by cherry88 > 2024-05-20 15:57 | Report Abuse

Watch out for results announcement today or tomorrow. More excitment ahead

Posted by NgWS90 > 2024-05-21 10:10 | Report Abuse

Q1 result was out. Net profit improved QoQ and YoY due to increased in sales of medical products with better profit margin

Posted by NgWS90 > 2024-05-27 10:52 | Report Abuse

Sell at this price...? no way 😁 wait it move higher a bit 1st

Posted by NgWS90 > 2024-05-29 11:00 | Report Abuse

nice, EPF chipped in again

https://klse.i3investor.com/web/insider/detail/SBSH_586680_3225427302

Posted by mf > 2024-05-29 23:01 | Report Abuse

Europe stocks extend losses after worst session for a month; Royal Mail owner IDS up 4% on sale agreement
Jenni Reid

Posted by NgWS90 > 2024-06-04 17:26 | Report Abuse

Scomnet is expected to rake in net profit of RM39.15 million this year, according to Bloomberg, compared to RM29.73 million in the previous year.

Posted by NgWS90 > 2024-06-07 21:12 | Report Abuse

Nice, EPF keeps on collecting. Breaking RM1.50 next week is possible 😊

Posted by dchin472 > 2024-06-12 09:58 | Report Abuse

scomnet gogogo

Posted by NgWS90 > 2024-06-13 17:33 | Report Abuse

Interesting, it went down instead after the agm ...

Posted by NgWS90 > 2024-07-01 17:09 | Report Abuse

Scomnet went back up after EPF collected continuously. ha

Posted by NgWS90 > 2024-07-23 20:20 | Report Abuse

Supercomnet looks for another shot in the arm in medical segment
https://theedgemalaysia.com/node/719123

Posted by NgWS90 > 2 months ago | Report Abuse

Commendable Q2 results but share price doesn't react ...
https://www.dagangnews.com/article/jualan-segmen-perubatan-supercomnet-pada-separuh-kedua-2024-diunjur-meningkat-kata-ta-securities-40338

Posted by NgWS90 > 1 month ago | Report Abuse

Return to the slow upward trend this Scomnet 🤗

Posted by calvinfong_them > 1 month ago | Report Abuse

What happen to this stock??? keep dropping

Posted by NgWS90 > 1 month ago | Report Abuse

Due to ESOS I think ...

Posted by NgWS90 > 5 days ago | Report Abuse

Will we see a big green candle when it releases Q3 results ? 😀

Posted by Activetrader > 4 days ago | Report Abuse

Very potential company. Worth to invest

Posted by chai2145 > 4 days ago | Report Abuse

I already brought it 😓