Supercomnet Technologies Berhad

SUPERCOMNET Q4 NET PROFIT RISES 28% ON HIGHER DEMAND
FOR MEDICAL PRODUCTS
- Highest net profit in nine consecutive quarters
- MYR appreciation weighs on FY2024 performance
$SCOMNET / 0001 (SUPERCOMNET TECHNOLOGIES BERHAD) #netprofit #medicalproducts

$SCOMNET / 0001 (SUPERCOMNET TECHNOLOGIES BERHAD)
Research Report by TA

$SCOMNET / 0001 (SUPERCOMNET TECHNOLOGIES BERHAD)
Research Report by TA

$SCOMNET / 0001 (SUPERCOMNET TECHNOLOGIES BERHAD) did we miss out anything? EPF is buying consistently every now and then.

$SCOMNET / 0001 (SUPERCOMNET TECHNOLOGIES BERHAD)
Research by TA
Buy - TP RM1.73

"Poised for More Growth"

Post Supercomnet’s 2Q24 investors briefing, we reiterate our Buy recommendation with an unchanged target price of RM1.73. We believe the group is poised for more growth in 2H24, driven by medical and automotive segments. In our forecast, we project FY24 net profit to grow by 31.9% to RM39.2mn.

Analyst:
Tan Kong Jin
kjtan@ta.com.my

$SCOMNET / 0001 (SUPERCOMNET TECHNOLOGIES BERHAD)
Research by TA
Buy - TP RM1.73

"2Q24 Within Expectations"

We reiterate our Buy recommendation on the stock with an unchanged TP of RM1.73/share based on 30x CY25 EPS.

Analyst:
Tan Kong Jin
kjtan@ta.com.my

$SCOMNET / 0001 (SUPERCOMNET TECHNOLOGIES BERHAD)
Research by Malacca
Cease Coverage

“Edwards May Disappoint"

Reallocating resources and cease coverage. Despite the positive outlook on SCOMNET, we terminate our coverage on SCOMNET due to a reallocation of resource. Our last rating on the stock was a HOLD with a target price of RM1.52, pegged to a P/E of 38.0x on our FY24f diluted EPS of 3.99 sen.

Analyst:
Loui Low
louilow@msec.com.my

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD

Additional Listing Announcement /Subdivision of Shares

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR SHIUE, JYH-JEH @ JERRY

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD

Malacca Securities TOP PICKS 2ND HALF 2024...

- With the earnings from the AI theme expected to grow, coupled with the Fed hinting on rate cut this year, we expect Wall Street to stay positive at least for the rest of 2024. Buying interest is likely to spillover on the local front, with data center, AI, and cloud services driving the markets higher on various fronts, coinciding with the stronger July month on Bursa exchange.

• For the data center and AI catalysts, it may benefit the Construction, Property, Building Materials, and Utilities sectors, while the Technology sector may catch up in the long run as we may turn into SEA chip powerhouse.

• Meanwhile, we believe the Renewable Energy and Technology will be tagged towards the growth and ongoing execution within the NETR and NIMP. Other key sectors that we like include Furniture, Shipping and Consumers.

$DUFU / 7233 (DUFU TECHNOLOGY CORP. BERHAD) $INFOTEC / 0253 (INFOLINE TEC GROUP BERHAD) $SCOMNET / 0001 (SUPERCOMNET TECHNOLOGIES BERHAD) $PPHB / 8273 (PUBLIC PACKAGES HOLDINGS BHD) $TECHBND / 5289 (TECHBOND GROUP BERHAD)

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD

Additional Listing Announcement /Subdivision of Shares

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

Additional Listing Announcement /Subdivision of Shares

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR WU, CHUNG-JUNG

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR HSUEH, CHIH-YU

Changes in Director's Interest (Section 219 of CA 2016) - MR HSUEH, CHIH-YU

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR SHIUE, JYH-JEH @ JERRY

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period