Posted by Jeffreyteck > 2020-05-22 19:50 | Report Abuse

Will it be another supermax?

Posted by gemfinder > 2020-05-22 19:56 | Report Abuse

Most likely.. stay tuned

Posted by Gemstar > 2020-05-23 06:48 | Report Abuse

glove and healthcare counter rally till next year ... hold tight hopefully will be another Superman

Posted by angmodan > 2020-05-25 00:31 | Report Abuse

any sifu here know what is the percentage contribution of their medical segment to their total revenue?

Posted by gohku > 2020-05-25 10:55 | Report Abuse

The coming q1 result should be very good with good demand from its products.
Scomnet will show good growth of revenue and profitability.

This company valuation is undemanding, there is a 1.5 sen dividend, thus giving it a dividend yiels of 2% p,a which is about same rate with bank time deposits but this company give you good potential growth upside.

I say is a buy.

Posted by gemfinder > 2020-05-25 10:56 | Report Abuse

Wed going up again

Posted by Dontbullshit > 2020-05-25 19:18 | Report Abuse

Increase in medical segment sales would be offset by the drop in sales of automation segment. Thus, can’t expect a significant growth in the revenue..

Posted by gemfinder > 2020-05-25 20:39 | Report Abuse

Mostly medical

Posted by SpotOn1 > 2020-05-25 23:39 | Report Abuse

finally see a beautiful candle last friday.....have a great week ahead

Posted by CT > 2020-05-25 23:45 | Report Abuse

Dont talk bad other counters la gemfinderif you dont have. It may affect all sectors like scomnet if paricular counter drop lot. Every one come to klse to earn not talk bad about others shares

Posted by CT > 2020-05-25 23:50 | Report Abuse

Market is very sensitive. We dont know what will happen to our shares if got one counter down too much. May be will spread like diseases. I just hope every one earn money

Posted by angmodan > 2020-05-25 23:51 | Report Abuse

I think one of the reasons this stock is a laggard is that it doesn't listed under the 'Healthcare' sector.

Posted by limyauc > 2020-05-26 09:30 | Report Abuse

angmodan

If we refer to theedge, in 2020 65% rev from medical & 35% from automotive. But if u look back BEFORE MAR 2018's Q results (that time scomnet own only 20% of medical com) rev & profit are so low. Main profit are from medical. Automotive look like only breakeven but this will pull down overall profit margin to make it not too high. if not scomnet's customers will ask for cost down.

Posted by Gemstar > 2020-05-27 09:58 | Report Abuse

When can hit above 0.90 ... come on scomnet

Posted by Carleymois > 2020-05-27 17:37 | Report Abuse

https://www.klsescreener.com/v2/news/view/681757

Posted by Gemstar > 2020-05-27 18:11 | Report Abuse

Scomnet recorded a 55% year-on-year jump in net profit to RM18.82 million for the financial year ended Dec 31, 2019 (FY2019), mostly driven by SMP, which is deemed the jewel in the group’s crown. Revenue grew 39% y-o-y to RM122.97 million. It will report its March quarter results for financial year 2020 in June.

Posted by SpotOn1 > 2020-05-28 00:10 | Report Abuse

nice recovery today, uptrend still intact, should break 0.90

Posted by SpotOn1 > 2020-05-28 00:15 | Report Abuse

CT, you're right about this gemfinder, he display a very bad behaviour in glove forum everyday after he sold out earlier and missed the uptrend, similarly in other forums as well earlier, this is bad karma and should stop.

Posted by mf > 2020-05-28 08:03 | Report Abuse

Oil Extends Drop After Report Stokes Concerns Over Excess Supply

Posted by lindalinda > 2020-05-28 08:08 | Report Abuse

Hi Handsome all,
Scomnet Q1 report out already?

Posted by limyauc > 2020-05-28 09:27 | Report Abuse

next resistance 0.98/1.00, if break sky is the limit

Posted by Gemstar > 2020-05-28 09:30 | Report Abuse

Hopefully scomnet can stay at 0.90 cent above

Posted by Gemstar > 2020-05-28 09:32 | Report Abuse

Lindalinda report card haven’t come out ... but already know their result as u can see up 55%

Posted by Gemstar > 2020-05-28 09:39 | Report Abuse

Rm1 can hit today abit laggard scomnet stock...

Posted by Gemstar > 2020-05-28 11:00 | Report Abuse

Clear off 0.950 roadblock... can touch rm1

Posted by vyap > 2020-05-28 11:33 | Report Abuse

lai dare dare break rm1

Posted by zhangliang > 2020-05-28 12:31 | Report Abuse

i believe Supercomnet will break RM1. Period.

Posted by gemfinder > 2020-05-28 12:43 | Report Abuse

hold tight tight

Posted by terrychlim > 2020-05-28 13:07 | Report Abuse

Fundamentally, technically and sentimentally it will break the RM1.00 barrier.

Posted by LiimInvest > 2020-05-28 16:36 | Report Abuse

go go go > TP 1.50

Posted by Danson Ang > 2020-05-28 17:54 | Report Abuse

https://www.klsescreener.com/v2/news/view/681757/supercomnet-technologies-wired-to-medical-device-market-growth

WHILE the Covid-19 pandemic is forcing many companies to adapt their revenue models to new conditions, with some diversifying their businesses to include producing outbreak-related products or distributing Covid-19 test kits, it has put Supercomnet Technologies Bhd’s (Scomnet) business in a good position.

The group is involved in the medical industry — which has been left largely unscathed by the pandemic — making wires and cables for medical devices, electrical appliances, consumer electronics and automotive components.

Thus, while several of its segments such as electrical appliances, consumer electronics and automotive components are experiencing lower sales volumes due to the temporary halt in the economy, this has been more than offset by high volume growth in the medical device segment.

Scomnet managing director James Shiue Jong-Zone says it has been business as usual for the ACE Market-listed group, which was allowed to operate during the Movement Control Order.

“Demand for medical cables has always been strong, but recent orders from our clients indicate that demand is picking up even further,” the 73-year-old Taiwanese tells The Edge in an email interview.

He attributes this to the pandemic, as well as other lifestyle diseases. “Lifestyle diseases are on the rise, especially in the West, and there is no seasonality in our products. Health is a constant need and priority.”

Its wholly-owned subsidiary Supercomal Medical Products Sdn Bhd (SMP), which manufactures cables used to connect various medical devices, has seen order volume double since the outbreak began.

“The main products that we are currently developing include disposable medical consumables for Class 1, Class 2 and ICU (intensive care unit) usage,” says Shiue.

Posted by Danson Ang > 2020-05-28 17:56 | Report Abuse

Scomnet prospect is bright like a sun~ tmr sure break 1.00 and fly!! Tp 1.50

Posted by Gemstar > 2020-05-28 18:10 | Report Abuse

Definitely will break rm1 jinx waited so long lo...

Posted by LiimInvest > 2020-05-28 19:08 | Report Abuse

Scomnet is fundamental and cash rich.

Frankly, it is a very good counter than other glove counters which is goreng recently.

Posted by donald770 > 2020-05-28 21:42 | Report Abuse

I agree with you, LiimInvest. Being in the high tech category n in high demand. Gloves are in the range of 60 to 90 P. E. n assuming a P. E. of 40 for Scomnet for the year 2020 n profit of 25m (according to Rakuten analyst) Scomnet is worth EPS of 3.9 multiply 40 =1560.

Posted by donald770 > 2020-05-28 21:43 | Report Abuse

Pls comment n share.

Posted by Danson Ang > 2020-05-28 23:19 | Report Abuse

Yrs i agree with u, tp 1.50 at least

Posted by zai > 2020-05-28 23:34 | Report Abuse

medical product increase in covid

Posted by SpotOn1 > 2020-05-28 23:52 | Report Abuse

Scomnet is a good company for the next 5-10 years obviously and i wouldn't sell unnecessarily. I expect it to break 1.00 and further at 1.20 in the medium term. For Scomnet price to move to the higher level, a rerating is needed and going into Main Board would do the trick.

Posted by SpotOn1 > 2020-05-28 23:53 | Report Abuse

Based on their pass earnings, Scomnet definitely qualify into the main board. Its a matter of time n i believe its in their plan.

Posted by Gemstar > 2020-05-29 09:05 | Report Abuse

Believe it can go to main board will keep untill hit tprm2

Posted by Gemstar > 2020-05-29 09:27 | Report Abuse

medical counter still consider cheap...

Posted by BobLimm > 2020-05-29 09:29 | Report Abuse

Scomnet in Simplywall rating

https://simplywall.st/stocks/my/capital-goods/klse-scomnet/supercomnet-technologies-berhad-shares/news/is-supercomnet-technologies-berhads-klsescomnet-latest-stock-performance-a-reflection-of-its-financial-health/

Posted by newbie8080 > 2020-05-29 09:33 | Report Abuse

Minimum net profit pa for main board listing is RM20mil.
Probably will be next financial year.

Posted by Gemstar > 2020-05-29 10:12 | Report Abuse

Roadblocks at 1.050 lai lai lai Kasi sapu habis

Posted by vyap > 2020-05-29 10:26 | Report Abuse

break 1.08 then sky lo

Posted by Gemstar > 2020-05-29 11:19 | Report Abuse

Next resistance rm1.10

Posted by LiimInvest > 2020-05-29 12:54 | Report Abuse

After lunch 1.10

Posted by terrychlim > 2020-05-29 13:02 | Report Abuse

In my humble opinion, once it hits a higher high there won't be any
resistance.

Posted by gemfinder > 2020-05-29 13:08 | Report Abuse

120 no problem