SCOMI
24-Feb 2015 announced the quarterly result for quarter of financial year of 31/12/2014. 57.59% improved compare to same quarter last year.
Scomi's profit mainly generated from oilfield services.
SCOMIES
Compare the same quarter, the latest quarterly report degrades 9.23%
Crude Oil price dropped more than 50% from the peak (July '14). Financial year for SCOMIES was October to December.
Average Price
Dec 2013: $100
Dec 2014: $60~70
11 Feb 2015: To bid for RM15bn worth of deals. Scomi Engineering will bid for new monorail jobs in Asia and South America where tenders for projects around RM15bn are expected to be called over the next 18 months. It is already bidding for monorail projects in Thailand, Turkey, India and Indonesia with a tender book worth RM2bn. (Business Times)
Chances: The worrying cash position was much more improving at the coming quarter compare the annual report.
