Supercomnet Technologies [%EhHB%] 
Research by UOBKayHian
BUY(Maintain)

"Staging For A Stronger Comeback"

3Q20 was an uneventful quarter dragged by forex losses, cost overrun and higher raw material cost for a new project start-up. That said, we understand these were just temporary setbacks which should not recur after the improvement in learning curve. Scomnet is staging for a stronger comeback,backed by strong orderbook visibility from its broad spectrum of key clients. Maintain BUY with target price of RM2.40.

Jack Goh
T 603 2147 1983
E [%GFgX%]

Supercomnet Technologies $KLSE-SCOMNET 
Research by UOBKayHian
BUY(Maintain)

"Staging For A Stronger Comeback"

3Q20 was an uneventful quarter dragged by forex losses, cost overrun and higher raw material cost for a new project start-up. That said, we understand these were just temporary setbacks which should not recur after the improvement in learning curve. Scomnet is staging for a stronger comeback,backed by strong orderbook visibility from its broad spectrum of key clients. Maintain BUY with target price of RM2.40.

Jack Goh
T 603 2147 1983
E jackgoh@uobkayhian.com

$SCOMNET / 0001 (SUPERCOMNET TECHNOLOGIES BERHAD)