2 also will fly . Scomies can fly higher because low debt + RM 610m contract from Kuwait . Now parents company Scomi also got contract , scomies really can fly high high when Oil price fly high high
will go above 20sen as scomi Eng,'g is now back on healthy going concern will not go under pn17....,to pay back 70mils loan to scomies and no more leeching worm:)
Never look on short term . Scomies didn’t fly very high when got contract from Kuwait because Scomi still owe scomies money and afraid Maybank will dump scomies share . Now Scomi not in trouble and oil price rise scomies will fly in long term . Good for investment
Scomi Energy (SCOMIES) & Scomi Group (SCOMI) are two different entities.
SCOMIES is in O&G sector, SCOMI is parent company for SCOMIES & also involved in transportation (rail, buses, special trucks).
SCOMIES got contract in Kuwait, whereas SCOMI contract is with Prasarana. Therefore, SCOMI's contract with Prasarana has no bearing on SCOMIES. However, if SCOMIES makes huge profit, it will trickle up to SCOMI as parent company.
. Havel a good rest this weekend for a better ride on next Monday !! BURSA will have another showtime for oil counters!! I guess SCOMI will follow too with SCOMIES !
Brent crude futures rose 94 cents, or 1.4%, to $70.34 a barrel, marking the first time the international benchmark has settled above $70 in five months. Brent finished the week 2.9% higher.
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....
BringMeFly
209 posts
Posted by BringMeFly > 2019-04-04 15:19 | Report Abuse
buy before 5pm