Scope Industries , the good reasons for buy and keep long term are 1. Zero debts 2. Trade receivables and payables almost zero , 3. Revenue and profit very consistent , 4. Rubber price very strong uptrend, 5. CPO price also improve strongly , 6. E&E components and products very good sales. And finally, cash balance jumped from RM 4.4 m to RM 9.6 m within 6 months !
Share capital is RM 55.5m , reserves is RM 56 m ! Scope Ind has great potential for growth due to very good reserves. The reserves much more than the capital.
An excellent stock to buy and keep long term. Well manage by experienced CEO and a team of directors. Zero in borrowings, sales volume very good too. Highly profitable business which saw the cash balance increased by 118 % in 6 months.
zhangliang, good morning. E&E manufacturing division is doing very well . CPO prices increased by 20% as compared to last year. Scope Ind will be a good buy .
A good stock with zero-borrowings, good cash flow, very prudent in spending, very small expenses and now cpo prices on the uptrend due to better demand. Buy and keep and wait because Tp short term 25-30s , maybe dividend coming otw, maybe bonus too. Scope Ind is a jewel in the small cap
With good cash balance of RM 9.6m, Scope Ind can utilised it for future development. Cash flow from operating activities simple shows that the company can generate its own cash from daily activities without borrowings or loans or bonds. Buy, keep and wait for good dividends soon.
Soon Scope Ind will move up. CPO price is good due to strong demand. E&E components and products are selling well too. Cash flow is strong and the company has good liquidity. Debts almost ZERO ! Cash balance in bank increased more than double , now at RM 9.6 m. Buy , keep for long term, tp short term is 30s
goody99, yes , this company has a growth story. Revenue is growing so is the profit. Cash flow from operating activities is positive. Debts and borrowings is only RM 5k , can be considered as Zero -debts. Cash balance jumped from 4.4m to 9.6m . Trade receivables and payables are negligble. Check it out. They are planning to buy more land bank for crop cultivation.
Healthy trading for Scope today, a little bit of profit taking is normal and healthy. But Scope Ind has excellent business model, very simple and low expenses business. Lots of room for expansion with its growing cash cow. The CPO yield is good due to heavy rainfall. The CPO price is good too!
Good excellent stock, a small precious jewel among the rubbles, with Zero Borrowings and selling CPO to two major ready customers . The E&E components have one major ready customer. Collections are good too, with very small trade receivables! Good to buy LONG TERM, since this stock is a very safe and reliable company.
Yes, you are correct. Many directors have bought many shares for the past few weeks. Even the warrant , many shares were bought taking on the sellers aggressively. Business for Scope is good.
Tp for scope should be impressive since it is on the uptrend mode. CPO prices now is far better than the last few years. Demand is increasing from India especially. Crop yield is good due to excellent weather conditions. E&E sales had been consistent lately.
Scope Industries is an excellent company, very prudent in spending with very little administrative expenses and low overheads. Revenue keep on increasing , profit went up too. Ready three major customers who paid cash to Scope. Good for long term investment.
i am watching this counter. trust me. this counter will shoot up high as soon as fs done. i am expecting this counter to move later this week or early next week. time to buy more and more.
Palm oil price is turning around. Now the price is moving UP. Scope has good potential for growth. Good revenue and net profit in the latest Qtr results. Buy and invest.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
zhangliang
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Posted by zhangliang > 2017-03-13 10:45 | Report Abuse
new high! 22 sens. Have to break out of 22.5!