base on graph, i will see the target price as below: 1st is RM 1.18, 2nd is RM 1.51 and 3rd is RM 2.04, with the condition share price need to break and stand above RM 0.98 these few days... the daily, weekly and monthly charts are very beautiful....
Seriously I also hopping it will close as high as possible, I mean who does not wish so.. But I'm abit conservative person, so I'm assuming it will closes at least above 0.885/0.88. Don't get me wrong, of cos I'm hopping I'm wrong and it will close way above 0.90.. Let's all wish it can climb as high as it can today.. Make a TGIF with a big smile in our heart and face
Current 'push up' exercise should be a prelude to corporate exercise. Scomies have to address the public shareholdings by 11 March 2014. Couple with RSC contract (if awarded) then to break RM1 is not too far away.
Published: Monday January 13, 2014 MYT 3:33:00 PM Updated: Monday January 13, 2014 MYT 3:38:52 PM Scomi Energy wins RM75mil Indonesian contract
PETALING JAYA: Scomi Energy Services Bhd, formerly Scomi Marine Bhd, has won a RM75mil contract from Virginia Indonesia Company (Vico) to provide solids control equipment and environmental handling services for a period of 36 months.
“We are glad to continue this working relationship with Vico which has spanned over 15 years now. This is a testament of Vico’s continued confidence in our highly skilled and experienced team in providing quality service and value,” said Shah Hakim Zain, CEO of Scomi Energy.
“We have identified Indonesia as one of Scomi Energy’s key markets along with Malaysia, Thailand, Myanmar, Turkmenistan and the Middle East region. Our strategy to focus on the eastern hemisphere is bearing fruits as the current outlook for these countries is highly positive with heightened activities in oil and gas exploration,” continued Shah Hakim.
In addition to its recent Petronas contract in Myanmar valued at over RM90mil, Scomi Energy now boasts order book exceeding RM5.2bil.
Scomi Energy has been present in Indonesia for over 20 years. Its group of companies, which are involved in oilfield and marine services, operate in various locations across Indonesia including Balikpapan, Banjarmasin, Duri and Jakarta.
@chin aik, which reseach house? hopefully it's CIMB rather than RHB. Btw, HLG will probably revised their TP of 1.02 upwards tomorrow due to the additional rm75m contract. Feel free to add another 20% if the RSC contract materialised...lol
rikki, sorry i read wrongly, its not any research house but its on stock to watch by the edge malaysia. guess its time for me to sleep.. lol you're right about the rm75m contract, not to mention their book order already exceeded rm5 billion..
but one thing i notice, when the index is green, scomies hardly move. but when its red, its move quite well.. hmm...
Posted by landythetrader > Jan 13, 2014 04:26 PM | Report Abuse
DAYANG orderbook RM 43.3b share price 5.79 SCOMIES orderbook RM 52b share price not even one ringgit?! See the potential upside?
Landy Landy where got 43.3 or 52 billions order book :)unless it's in Thai baht u're referring to :)but I still see the potential upside in the near future- it's all about the execution :)
as of now, reaching 0.95 and 1.00 is not impossible. im planning to offload half of my holding when it reaches 0.96 and another half at 1.04 if possible.. but of cos i dont expect it to happen on this week.. within this month is possible to reach 0.95 but toward 1.00, im not sure it can reach by this month.. certainly im hopping it will but im a conservative trader/investor.. good luck to all :-)
My strategy is to offload when the announcement of Petronas RSC contract be made. As I've noticed in this counter, there is very minimal downward price movement, but always moving higher.
I guess window dressing is over. Been dropping for the pass 4 days.. Most probably is most trader/contra player taking/took profit.. Seems to me the ssupport will be at 0.82. I'm still holding as I believe it will rise For this counter, I'm investor.. :-)
Scomi Energy (BUYçè) Partnering with Handal Resources.. § Scomi Energy (SES) has partnered with Handal Resources to supply modular workover rig, offshore pedestal cranes and related services in Africa and Middle East. § The parties would enter into an agreement to formalize working arrangements within the next six months. § We are positive on the collaboration as this would help to extend SES product range in countries where SES was present. § A marginal field win will raise SES’s earnings by 23% based on our estimates. § We maintained our BUY call with an unchanged TP of RM1.02 based on unchanged 16x CY15 EPS of 6.4sen/share.
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....
stockcrazy
551 posts
Posted by stockcrazy > 2014-01-10 10:00 | Report Abuse
base on graph, i will see the target price as below: 1st is RM 1.18, 2nd is RM 1.51 and 3rd is RM 2.04, with the condition share price need to break and stand above RM 0.98 these few days... the daily, weekly and monthly charts are very beautiful....