10.2.08

SCOMI GROUP BERHAD (SCOMI)

SCOMI's result in the 2Q was due to sale of Scomi Oilfield Limited. The sale proceed has been utilized to reduce borrowings from 1.74x to 1x. Excluding the sale, the profit increased 55% in 2Q, according to its report.
In 3Q, its profit also increased 36%.
No dividend awarded in 3Q but we can expect dividend in 4Q.
Its share price has been on sideways, a little weaken.
Here is the result.

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