Scomi Energy Services (SES MK) Technical BUY with +24.3% potential return Last price : RM1.03 Target Price : RM1.17, RM1.28 Support : RM1.01 Stop-loss: RM0.965 BUY with a target price of RM1.28 with stop loss placed below RM0.965. Despite the recent correction from the high of RM1.17, SES’s share price rebounded from the upward trendline before recovering gradually and closing above the significant resistance (now support) of RM1.01 last Monday. As SES continued to rise along the trendline, the surge in momentum as shown by Stochastic may help nudge SES higher. Following a positive closing above the 21-day SMA line, the share price is likely to resume its recent uptrend with immediate target pegged at the recent high of RM1.17. Violation of the aforementioned level may prolong the upward continuation toward the 1.38x Fibonacci extension level of RM1.28 over the medium term
LOL RSC been won by Uzma and this was 2 months ago..uzma is on the verge of preparing itself for a huge rights issue to fund it that would lead to eventual huge capital gains.
Forget about Scomi, come join the Uzma boat while its still cheap
Scomies will certainly surpass 1.20 this round with all the bad news out - recent downgrade by BIMB- analysts 'purposely tried' unsuccessfully this time to press it down(motive to collect at low prioes before the next push - upwards). Oil & Gas still preferred by most foreign and local major institutional investors who consider them as most promising in terms of potential good returns in the near future. So buy before it shoots up over the next few days...........
Good news coming in progressively. Can expect more solid ones soon. Buy and hold now and rewards will be beyond your expectations. This round price can go higher than RM1.16 last time possibly hit RM higher than target of RM1.28 this week. Just watch.
see the edgedaily. Japanese investors going abroad to invest. Malaysia- their preferred / popular target. Can expect big time investors to come soon. Scomies potential target. Can expect much higher prices soonn when the push starts. Past few dsays collecting slowly, Push will come when there is no more selling, can confidently expect a big jump to over RM1.20 this time.
Rsc is a good start for the company, going forward there is more to come especially institutional investor will come in.I 2mr is a big wave coming. Enter early in the morning to swim same way with those big fish.don miss it.
Do u guys know why it falls? Its because the price has been reflected earlier and it's true. Upward momentum will continue with proof of stronger earnings.
This price only reflected the effect of Quek's entry into Scomies. I don't think it reflects the RSC price. Do check back the date when Quek's bought into the company. If the current price already reflect the RSC project, HLIB should be blamed as they raised the target before the announcement and after the announcement.
mama scomi grop hold 65%,top30 share holder hold more then 90%,maybe they just dont wan share price up..we small investor just see see company earn money lorr..no chance to share it..
kikiki my 'seeing' was definitely NOT believing - what kind of crap company that has billions of ringgits contracts and then after clinching another big order actually went down upon announcement? yep u think right - A poorly run one that is and Ayatollah really have to go. he better sell off his stake to Quack and his partner Paul the octopus and go to Brazil and watch the world cup enjoying his loss making Scomien train rides :) Now this is a true Abalone to lemon case :) George Bush was right - Axis of evil these 3 tardy lemons - General Tiger Lee of KNM, Ayatollah Shah of Scomi group and Kolonel Santhaya (whatever his name was ) of MEGB :( better go watch Holland and Spain now :)
ha ha ha ... strange happenings on the market...yeah, key is always good management and leadership...unfortunately these guys rather hold on the bird in hand than go out looking for expansion of ringgits...whatever did they learn at business school????
Hi Guys and Gals, Sorry for spoiling the party. RSC concept was used in IRAQ oil fields where the proved reserves is enormous. So PETRONAS the RSC contractor can make money. The quantity of proved reserves in Malaysia is very small compared to IRAQI proved reserves. Who makes the money? Most likely Sapura Kencana or other fabricators. RSC companies in Malaysia will not make much money!!
this stock fully valued. no more meaningful upside, dont waste your resources here.
same like scomi, they just hijack your money and in return u get a fat hope and monitor all news related to petronas and oil price day n nite. another similar animal is sumatec.
Just be patient. hold for a little longer and reap your rewards, Notice that many impatient small investors/speculators have sold out/ quit. Remember quiters never win and winners never quit!!! THe final push will be very soon (since most of the sellers are drying up. when the push begins, speculators will come back chasing it to new highs- above 1.20. Question is how soon? Next week or so?????
IJM’s investment in associate Scomi has finally paid off. Scomi’s unit SDP is part of a consortium awarded a 7-year risk service contract by Petronas, that will see pre-development works of US$135MM before production commences in about 18 months. We expect a small contribution for IJM given its associate stake in Scomi, and equally small equity outlay if any.
IJM also benefits from potential monorail projects undertaken by Scomi from a construction perspective.
if RSC not making money, why so many company dying for it, n don't forget , it has to be bumi related company..
oil prices are going up and so all oil counters can expect theme play this round. Scomies will be re-rated upwards as foreign investors come to grab these counters very soon - starting with Kiasu S'pore investors!!!
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....
johnny cash
6,400 posts
Posted by johnny cash > 2014-05-12 00:46 | Report Abuse
https://www.facebook.com/photo.php?fbid=794665343877564&set=oa.491175974345114&type=1&theater