Posted by value_invest > 2016-02-22 16:27 | Report Abuse

time to bottom fish

Posted by value_invest > 2016-02-22 16:32 | Report Abuse

Buy before the annoucement..

Posted by value_invest > 2016-02-22 16:35 | Report Abuse

"players" are accumulating for next push...

Posted by value_invest > 2016-02-23 09:24 | Report Abuse

good news,,, buy now

Posted by value_invest > 2016-02-23 09:24 | Report Abuse

buyers are accumulating

Posted by i_investor > 2016-02-23 10:49 | Report Abuse

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IJM among 5 frontrunners for RM2bil MRT 2 viaduct job. (The Star) with competitive advantage SCOMI (24.4% owned) as IJM's MRT solutions arm .

CONSTRUCTION JOBS from MRT 2 are expected TO BE AWARDED from NEXT MONTH (The Star)

Previously, Shah Hakim @ Shahzanim Zain was SCOMI’s single largest shareholder.

IJM had converted its convertible redeemable secured bonds of an aggregate nominal value of RM110mil to an equity stake.

The conversion was done at a share price of 36.5 sen, which is more than double its current share price of 15 sen.

The conversion will give IJM an IMMEDIATE 24.4% stake in the SCOMI from an earlier 7.66% .

It showed IJM's confidence in Scomi Group,

The conversion price was at a discount to Scomi Group’s latest reported book value per share of 47 sen.

IJM Corp Bhd has emerged as the single largest shareholder of SCOMI Group Bhd.


Pursuant to this transaction, Shah Hakim will see his effective direct and indirect stakes in Scomi being diluted to 18.3%.

Datuk Kamaluddin Abdullah, a major shareholder, will see his effective stake being diluted to 9% from 11.08%.

Major institutional holding funds such as Amadia Investments Ltd, TAEL One Partners Ltd and United Overseas Bank Ltd will also see each of their stakes being diluted to 7.9%, respectively.

It would be interesting to see how the company deals with its increased shareholding in the Scomi Group.

Shah Hakim and Datuk Kamaluddin Abdullah, son of former prime minister Tun Abdullah Ahmad Badawi will have to GRAB THE SHARES OF SCOMI from open market in order to increase their stake of control in SCOMI but shareholders may not let go their shares at any price below 40 sen.


Hence, the share price of SCOMI is GOING TO SPIKE UP !!!

IJM is really very smart !!!


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Posted by value_invest > 2016-02-23 16:16 | Report Abuse

Buy on weakness..

Posted by vc1922 > 2016-02-24 09:24 | Report Abuse

Buy buy

Posted by i_investor > 2016-02-26 16:01 | Report Abuse

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LATEST NEWS:

SCOMI Group chief operating officer (transport) Kanesan Veluppilai said the company had already obtained initial approvals from various agencies and the state was believed to be in favour of awarding the project 59km rail line in Bengaluru.

http://www.thestar.com.my/business/business-news/2016/02/26/scomi-eyeing-59km-rail-line-in-bengaluru/


IJM has been APPOINTED by MRT Co. for the MRT 2 viaduct guideways and other associated works.

(http://www.mymrt.com.my/cms/upload_files/article/article_download_000054.pdf)


RECAP:

IJM, SCOMI in the running for the RM27Bil PDP (PRASARANA) job:
(more details: http://www.thestar.com.my/business/business-news/2014/07/12/prasarana-joins-the-fray-fed-govt-entity-keen-on-proposed-transport-job-on-penang-island/ )

IJM entry allows SCOMI to obtain RM118m bridging loan
(more details: http://www.ijm.com/web/newsroom/what_130117_ed.htm)


SCOMI profile: http://www.scomi.com.my/GUI/video/klmonorail/video_rail.html

SCOMI: http://www.scomigroup.com.my/


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Posted by i_investor > 2016-02-29 21:58 | Report Abuse

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LATEST NEWS:


CEO Kanesan Veluppillai confirmed that Sao Paulo Metro had turned to SCOMI Engineering to complete and possibly fast track the Line 17 monorail project.

“We have an order book of RM1.32bil excluding additional Line 17 orders,” Kanesan said.


http://www.thestar.com.my/business/business-news/2016/02/29/scomi-engineering-gains-from-brazil-turmoil/


ANOTHER NEWS:

SCOMI Engineering Bhd is close to inking a partnership agreement with Turkish groups Albayrak Grubu and Siyahkalem to jointly bid for monorail jobs in Turkey and Saudi Arabia worth RM9.5 billion.

Read More : http://www.nst.com.my/news/2016/02/130183/scomi-set-partner-turkish-firms



RECAP:


Group CEO (transport) Kanesan Veluppilai said the company had already obtained initial approvals from various agencies and the state was believed to be in favour of awarding it the project.

http://www.thestar.com.my/business/business-news/2016/02/26/scomi-eyeing-59km-rail-line-in-bengaluru/



Scomi Energy order book gets US$41.6m job extension.

-See more at: http://www.thestar.com.my/business/business-news/2016/01/15/scomi-energy-order-book-gets--job-extension/


IJM, SCOMI in the running for the RM27Bil PDP (PRASARANA) job:

(more details: http://www.thestar.com.my/business/business-news/2014/07/12/prasarana-joins-the-fray-fed-govt-entity-keen-on-proposed-transport-job-on-penang-island/ )


IJM among 5 frontrunners for RM2bil MRT 2 viaduct job. (The Star) with competitive advantage SCOMI (24.36% owned) as IJM's MRT solutions arm .

IJM has been APPOINTED by MRT Co. for the MRT 2 viaduct guideways and other associated works.

(http://www.mymrt.com.my/cms/upload_files/article/article_download_000054.pdf)


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Posted by D7zul > 2016-03-01 19:55 |

Post removed.Why?

Posted by vc1922 > 2016-03-02 09:48 | Report Abuse

Scomies will shoot

Posted by value_invest > 2016-03-03 09:40 | Report Abuse

Accumulating scomies now...

Posted by value_invest > 2016-03-03 09:44 | Report Abuse

Accumulating scomies now as oil price stabilize.. The last QR result show profitable and company gearing drop significantly..

Posted by vc1922 > 2016-03-07 09:13 | Report Abuse

Buy today oil n gas theme

Posted by value_invest > 2016-03-07 16:41 | Report Abuse

http://klse.i3investor.com/blogs/hleresearch/92627.jsp

Posted by value_invest > 2016-03-07 16:41 | Report Abuse

good value

Posted by Abdul Rahim > 2016-03-11 19:59 | Report Abuse

Yes

Posted by value_invest > 2016-03-13 23:02 | Report Abuse

market seem stable now with the fund flowing in KLSE... Those undervalue stocks is coming now... Market is up trend now.. Good time to start to accumulate now... scomies is one of the choice..

Posted by value_invest > 2016-03-13 23:11 | Report Abuse

As per reported in the edge, Scomi energy's CFO give the view that the company is not as badly affected. It has order book of USD 1bil+ and is tendering USD 800mil now.. From the latest QR, 1) the company is still making profit, trading at 8 times P/E, 2) Gearing and company debt has drops significantly to RM320 mil, 3) The Ophir break even cost is re-negotiated to USD 30 to 35 per berrel...

Posted by value_invest > 2016-03-17 10:13 | Report Abuse

Malaysia's oil and gas landscape has changed with the potential appointment of PAK LAH, Abdullah Badawi, as new petronas adviser..

Posted by vc1922 > 2016-03-18 10:39 | Report Abuse

Buy scomies now

Posted by value_invest > 2016-03-18 10:59 | Report Abuse

PAK LAH, Abdullah Badawi,'s appointment as new petronas adviser will be a boost to the company.. The stock price will benefit from the appointment..

Posted by vc1922 > 2016-03-21 11:57 | Report Abuse

Buy scomies

Posted by value_invest > 2016-03-23 09:33 | Report Abuse

Foreign funds is buying our market for past weeks, Ringgit is appreciateing to RM3.98, Oil is stable above UDS40, CPO is trending up at RM2700.. That is all good factors for the market.. At the moment, investor and early birth will be able to make BIG money.. Invest value stock and keep...

Posted by value_invest > 2016-03-28 08:37 | Report Abuse

PAK LAH, Abdullah Badawi,'s appointment as new petronas adviser will be a boost to the company..

Posted by santiago > 2016-03-28 08:58 | Report Abuse

why? Oil and gas related services will be awarded to SCOMIES?

Posted by value_invest > 2016-03-28 09:05 | Report Abuse

For sure, contract will be awarded to scomies..

Posted by santiago > 2016-03-28 09:07 | Report Abuse

ok.. will attack SCOMIES then..

Posted by value_invest > 2016-03-28 09:10 | Report Abuse

Whoever take the post as adviser, the related counter will get lot contracts from petronas.. Scomies belongs to son of BADAWI...

Posted by Angielim9955 > 2016-03-28 22:30 | Report Abuse

value_invest and scomies team
I got one weird thought " why scomies share price Has always been higher than scomi one ? but I find out scomi is mother and earn more profit, but why since the first day scomies price always far more higher than scomi ?

Posted by value_invest > 2016-03-29 16:01 | Report Abuse

Scomies contributed 90% of scomi's profit.. Scomi is only a holding company..

Posted by Angielim9955 > 2016-03-29 21:15 | Report Abuse

value_invest : thanks value_invest then which one do you think better potential to buy scomi or scomies ?

Posted by value_invest > 2016-03-30 09:34 | Report Abuse

scomies

Posted by vc1922 > 2016-03-30 15:33 | Report Abuse

Scomies tp1 30 sen. Tp2 45sen. Tp4 rm1. Buy scomies now

Posted by koyokui > 2016-03-30 15:46 | Report Abuse

Buy scomies No regret

Posted by value_invest > 2016-03-30 16:19 | Report Abuse

angielim9955_ scomies is the main contributor of scomi profit.. At this low oil price, scomies is still making profit. Looking at the history, when DR M control petronas, Dr M's son stock sky rocket, when Badawi was PM, scomi skyroketed,,, NOW With the appointment of Badawi as petrona's adviser, scomies will be getting lot contract from petronas. scomies will be the same when sentiment is better

Posted by Angielim9955 > 2016-03-31 02:00 | Report Abuse

value_invest , ok I will top up scomies again, I decided only buy scomies instead of scomi,
but value_invest , can I ask you one more quetions, why scomen more expensive than scomies ,'
is this scomen better than scomies ?

Posted by value_invest > 2016-04-07 09:44 | Report Abuse

buy scomies.. offer very good value..

Posted by valueinvestor > 2016-04-09 15:27 | Report Abuse

http://klse.i3investor.com/servlets/ptres/34914.jsp

Posted by value_invest > 2016-04-12 17:09 | Report Abuse

BIG players buying now... Good news...

Posted by value_invest > 2016-04-12 17:37 | Report Abuse

It is time to start buying as we can see that there are "investors" starting buying ... Soon the stock will spike.. More good news is NOW With the appointment of Badawi as petrona's adviser, scomies will be getting lot contract from petronas when sentiment is better... Scomies is owned by son of Badawi...

Posted by familybusiness > 2016-04-13 10:32 | Report Abuse

will back to highest price...

Posted by winmal > 2016-04-13 11:07 | Report Abuse

Look like more investor bought this counter>>>

Posted by Abdul Rahim > 2016-04-13 16:08 | Report Abuse

really ? price not moving

Posted by value_invest > 2016-04-14 10:01 | Report Abuse

Buyer has been accumulating these days... Not much sellers now

Posted by davidkkw79 > 2016-04-18 11:29 | Report Abuse

wah.. oil and gas stock all going holland

Posted by value_invest > 2016-04-21 12:30 | Report Abuse

recently, there is some buying strength in scomi energy... price is trending up

Posted by winmal > 2016-04-21 13:05 | Report Abuse

lagged counter when other Oil stock up , scomies still holding at same price

Posted by value_invest > 2016-04-21 14:47 | Report Abuse

buyers coming..