短期内会上看2.00. 中期目标价3.00. 因为Scicom 的 projects 满满，而且都是高利润的政府工程。买卖自负。

今日（1月21日），Scicom (0099) 表现异常强劲，盘中冲破 RM1.60，最终收于 RM1.57。目前的走势不仅是技术面的突破，更是市场对其近期多个国家级/巨头级项目落地实施的信心体现。
​以下是建议您立即加仓的三个核心逻辑：
​1. 强强联手：与巨头（TM & SIRIM）的落地执行
​Scicom 目前已不再只是传统的 BPO 公司，而是转型为 AI 驱动的数字服务商：
​Telekom Malaysia (TM) 战略合作： 公司已与 TM 达成战略协议，共同开发 AI 驱动的客户体验平台。随着实施进程的推进，这将为 Scicom 带来长期的服务费收入，并深度嵌入马电讯的数字化生态。
​SIRIM 数字化项目： 与 SIRIM 的合作标志着 Scicom 在政府工业技术数字化领域的权威地位。这些“大客户”项目的实施，确保了未来几年收入的高可见度和稳定性。
​2. 财务数据极度亮眼 (FY26 Q1)
​净利激增 57.4%： 最新的季度净利润达到 RM12.32 million，每股收益 (EPS) 从 2.20 仙跳升至 3.47 仙。
​现金为王： 公司维持零负债状态，拥有超过 RM6,000 万现金，足以支撑其未来的业务扩张和高额派息。
​3. 丰厚的红利回报 (Dividend Yield)
​公司已宣布第一季度股息为 3.0 仙（较去年同期大幅增加）。
​按当前股价计算，预计全年股息率将超过 8%。这在当前利息环境下，是极具竞争力的“现金奶牛”。
​结论：
Scicom 的股价目前正处于“业绩爆发+大项目落地+技术突破”的三重共振期。RM1.57 - RM1.60 只是上涨通道的起点，建议趁回调或当前势只是上涨通道的起点，建议趁回调或当前势头继。 Trade at your own risk.

Executive Summary – Scicom (MSC) Bhd

Stock price: RM 0.965 | FY2025 net profit: ≈ RM 20.35 million | Cash: ≈ RM 50 million | Debt: 0 | Dividend payout: 80-90 % of earnings (quarterly since 2005)

Scicom (MSC) Bhd is a Malaysian BPO and government-technology specialist entering a potential new growth phase. For FY2025, Scicom delivered ≈ RM 20.35 million net profit (EPS ~5.7 sen/share based on ~356 million shares), while maintaining its high 80-90 % dividend payout policy.

? Growth Catalysts

Three Government Concessions Secured:
• TVET – 15-year contract serving ≈ 436,000 vocational students in partnership with > 150 companies (with more expected to join)
• SIRIM and MDEC – additional long-tenure gov-tech mandates

Strategic BPO / AI Partnership with Telekom Malaysia – expands enterprise solutions and is expected to lift operating margins as clients migrate to AI-enabled platforms.

Workforce expansion: recruiting > 800 staff to support contract execution.

Management guidance: in Q3 FY2025 Scicom highlighted “significant growth” for FY2026, while Q4 FY2025 results cited “robust” momentum ahead.

CEO interview with The Edge: if the three major contracts reach full scale, profit could quadruple vs FY2025.


? Financial Strength

Zero debt and ≈ RM 50 million cash reserve

Unbroken quarterly dividends since IPO in 2005

Payout ratio 80-90 % means future earnings growth flows directly to shareholders.


? Illustrative EPS & DPS

Scenario Profit (RM m) EPS (sen/share) DPS @ 80-90 % (sen/share) Approx. DPS/quarter

FY2025 baseline ≈ 20.35 ≈ 5.7 ≈ 4.6 – 5.1 ≈ 1.1 – 1.3
Upside – profit × 4 (CEO guidance) ≈ 80 ≈ 22 – 23 ≈ 18 – 21 ≈ 4.5 – 5.3

? Valuation at Target Yield

If the market prices Scicom at a 7 % dividend yield, the upside DPS (≈ 18-21 sen) implies a potential fair-value range of ≈ RM 2.60 – RM 3.00 per share.
Current price (RM 0.965) reflects mainly baseline earnings and has not priced in the expected contract ramp-up.

? Investment View

Scicom’s debt-free balance sheet, three secured concessions, expanding AI-driven BPO business, and high payout policy provide a solid platform for multi-year earnings and dividend growth.
Execution of the TVET, SIRIM, and MDEC contracts—together with AI-enabled margin gains—could transform Scicom’s earnings profile, potentially quadrupling profits and lifting annual dividends to ~18–21 sen/share, translating to an attractive potential yield and re-rating opportunity at current levels.

> All forecasts above are illustrative and subject to operational delivery, contract ramp-up, and board approval of dividends.

many big projects secured

what bad news

TSMC great result

because parkson China making money

i have the same feeling too

Phew ....luckily i sold all at 33c.....if not mampus liao

为什么到现在还没有出业绩？