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Scomnet
Fundamental Analysis
Full article from the star : https://klse.i3investor.com/blogs/stock_pick_2019/188901.jsp

Bonus issue approved by shareholders
Full article from the star: https://www.thestar.com.my/business/business-news/2019/04/04/scomnets-bonus-issue-approved/
Scomnet Quarter Report

If you notice Scomnet having a extremely growth on FY18. Strong momentum with high growth is what market needed. Their prospect is still remain positive growth on FY19. 
Special Dividend and First and Final Single Tier Dividend

If the company didn't grow well, it will not give such dividend to their shareholders. Strong company growth shares their profit with shareholders. Both 1.5cents dividends + Bonus issue will boost up more for Scomnet after washing from previous peak 0.82. 
Scomnet 4th quarter result 


Hong Leong Investment Bank Research Report

Full article: https://klse.i3investor.com/servlets/staticfile/354025.jsp

Technical Analysis

Based on technical analysis, if Scomnet breakout from 0.84 level. We might see this stock test a new 52weeks high before ex bonus issue. The stock shows bullish after deep drop during December 2019. 90% stocks that issue bonus issue will have a strong push up before ex. Example like Penta, Cck, Topglove & Harta. Target Price will be 1.00 before ex bonus issue & dividends. Scomnet passed T4 and strong support at 0.80. Tomorrow expectation on Scomnet to test new high with strong momentum volume. 
Personal Target Price : 1.00
Target Price by HLIB  : 0.92
Disclaimer 
I am just an author who shares my opinion, views and general information. The comments above do not represent any recommendation of buy or sell call. Investments carry risk that you will have to bear at your own cost. I will not be held liable for any investment decisions made. Please seek for professional advice before you made any decisions. 

https://klse.i3investor.com/blogs/Roger1001/201669.jsp
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