Would you invest in a company like Scicom:- 1. Niche of business : Business Process Outsourcing focus more on HR investment rather than heavy equipment investment. Low liabilities and assets. 2. Since 2008, Scicom's revenue growth is ~ 40% while gross profit growth is a whopping 200+%. 3. Steady dividend yield : dividend yield improve steadily 2sen since 08 and 4 sen in '13. For '14 1st half, it is already 4 sen up to date. 4. Bonus stock : paid 1: 1 in 2006 and 1:10 in '2010. Expecting bonus issues 2nd half 2014 ?
The saga not yet end, ... 5. The Chief of Scicom own 19 million shares in 2008 and has since then grow his stake to 64.5 millions share up to date. This show his confidence & commitment in the company.
Scicom had tried to break 1.09 resistance for a number of times but failed. With a superb quarterly result announced this week, I hope this week is the history making week ! Go Scicom.........
Liquidity for this stock is quite low.... hopefully there will be bonus issue 2nd half of 2014, so that more big fund can come on board. We need a bigger vessel to carry more big fund managers .....
Scicom MSC (SCIC MK) Technical BUY with +16.2% potential return Last price : RM1.11 Target Price : RM1.21, RM1.29 Support : RM1.03 Stop-loss: RM1.02 BUY with a target price of RM1.29 with stop loss placed below RM1.02. SCIC’s share price rebounded strongly from the immediate support of RM1.03 and closed at a new high of RM1.11 yesterday. A slightly higher trading volume has been recorded in the last 3 days, suggesting improving demand in general. This is consistent with the rising momentum as flashed by RSI. We expect yesterday’s breakout to kick-start the creation of a new upleg. Moving forward, we expect SCIC to nudge higher along the upward sloping 10-day and 21-day SMA lines. We peg our short- to medium-term upside target at the 1.61x Fibonacci extension target of RM1.29.
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....
Tornado
1,938 posts
Posted by Tornado > 2014-05-24 10:09 | Report Abuse
great call Johnny