After this small hiccup, partly caused by Money lent to help Scomi mother, Scomies will emerge much stronger
These are the steps
1) Further impairment or markdown now over
2) RM600 Millions Drilling Fluid supply to Kuwait Oil Corp will commence soon
This single Job Order will bring in good locked in profits for the next 5 years
3) Coal shipment should rebound as Indonesia shifting its Capital from Kalimantan. Building such a massive new city needs lots of cement. And coal is needed for cement manufacturing
4) Petronas has indicated its increase use of OFF Shore vessets for years 2020 to 2021 activities Idle Offshore vessels of Scomies come in useful
5) Petchem 2 JV with Scomies might see some production of specialty chemicals
6) With shipping rebound due to higher CPO & Crude oil - Scomies marine division should continue to improve
7) And above all. The hidden value of Scomies assets should be revalued to reflect its true NTA
8) Brent Crude at USD65 per barrel will spur more exploration & drilling. Good for Scomies Drilling Oil Fluid business
So many defensive assets and businesses Scomies now present a value buy for rebound
KUALA LUMPUR, March 25 (Bernama) -- Scomi Energy Services Bhd's wholly-owned subsidiary, Scomi Oiltools Sdn Bhd, has been awarded two five-year contracts by Kuwait Oil Company with an estimated value of US$150 million (RM610 million).
In a filing with Bursa Malaysia, Scomi Energy said the contracts were for the provision of mud products and mud engineering services for deep drilling, dated Jan 31, 2019, and for the provision of mud products and mud engineering services for development drilling, dated Feb 4, 2019.
“For these contracts, Scomi Oiltools will be supplying the drilling fluid chemicals, providing engineering services as well as constructing, managing and operating a Liquid Mud Plant on site at the client’s facility,” it said, adding, its order book stood at US$176 million prior to this contract award.
1) promote scomies on 23/9/19 at 0.12 but not admitting ...dipped to 0.065 ..in PN17 in Oct19.
2) said buy at 0.075 n gang member said sold on 0.11 ...he is sold higher...
3) ppl asked why promote high risk counter as kena going concern...reply is a small small problem..
4) cal. Vin now said scomies mother pay its due will be ok.More scary is he knew Scomi is submitting PN17 waiver application on early Sept19 n is rejected on 3rd Dec19 ...is now under Receiver n Manager..
Im afraid we all caught up with scomi fake news about new investor that can revive the monorail segment... Even the Brunei strong connection is a hearsay. This is bad...
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....
KAQ4468
21,497 posts
Posted by KAQ4468 > 2019-12-16 09:39 | Report Abuse
Super promotion @ 0.120
Now 0.06
Losing 50% !!!
Really cilakak promoter