Scicom�s FY16 core net profit of RM40.8m (+18.7% yoy) came within our expectations. While recording

Top Calls

Results Note � SCICOM (MSC) (BUY, maintain) - Still soaring Scicom�s FY16 core net profit of RM40.8m (+18.7% yoy) came within our expectations. While recording stable earnings from both the business process outsourcing (BPO) segment and the e-government service (EMGS) contract, more significantly the EBITDA margin has expanded due to economies of scale. There is good prospect that the company may be able to extend its e-government services regionally. Maintain BUY.

Other Calls

Results Note � Bumi Armada (HOLD, maintain) - Excluding large impairment, within expectations

Results Note - WTK (BUY, maintain) - Weak 1H16 results - below expectations

Results Note � Petra Energy (BUY, maintain)

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