After some analysis as stated below, I believe it is the time to enter this stock.
Target buying price : RM 0.40
Target selling price : RM 0.60
Main Industry: Oil and Gas industry
Business involved:
1.Oilfield Services
- which comprises integrated drilling fluids and drilling waste management solutions; OCTG machine shops and distribution of oilfield products and services.
2. Energy & Logistics Engineering
- which comprises OCTG machine shops, and transportation engineering such as monorail, busses, and special purpose vehicles; i.e. patrol tankers, refuse compactors, vacuum tankers, airport ground support vehicles etc.
3. Energy Logistics
- which provides marine vessels for the coal and oil and gas industry.
4. Production Enhancement
- which comprises industrial and production chemicals division; and gas business, which mainly provides gas processing equipment.
Scomi Marine Berhad is a Malaysia-based company engaged in investment holding and the provision of management services. The Company operates in two segments: investment holding, which includes investment holding and provision of management services, and marine, which includes marine logistics and offshore support services. Some of its subsidiaries include Scomi Marine Services Pte. Ltd., which is engaged in investment holding; MarineCo Limited, which is engaged in ship chartering, and Gemini Sprint Sdn. Bhd., which is engaged in ship chartering and management. On March 28, 2008, the Company acquired Emerald Logistics Sdn Bhd. Source: Google
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