Wednesday, November 10, 2010

Why SCOMI active on KLSE?



Scomi Group Bhd was among the most active counters on KLSE last two days.

There are news surfaced, there could be new substantial shareholders from Indonesia investors
and Middle East funds.

There are accumulating Scomi shares on the open market for sometime now. The shares could be
from Kaspadu Sdn Bhd, which has been disposing on the open market.

Kaspadu Sdn Bhd is belongs to Datuk Kamaluddin Abdullah and his partner Shah Hakim.


Lately, Scomi quarter financial results has not been encouraging.

Scomi Group said that, “operationally, the decrease was mainly attributable to lower revenue achieved by the transport solutions division and cost revisions resulting in an increase in the estimated costs to completion and reduction in the attributable profit of the monorail project”.

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