Agree with the frustrations on the MTec/SCGB comparison.

From the MTec quarterly figures, they do appear to have higher net margins on their products of about 7.5% to 8.% vs SCGB's 3% to 4%. Probably more specialized products compared to basic power cables

Looking at the Annual Report for MTec, you will notice the Top 30 control over 93% of the shares. The definition of a cornered stock? You decide...

Plus, judging by the names on the Top 30, there are some which are well known....Tau sama tau

The US market should provide SCGB with higher margin/more specialized products. The newly acquired factory and construction of 2 new ones will reward your patience.

Someone doesn't like Resorts Las Vegas...

https://www.youtube.com/watch?v=HHICMwqYTwk&t=3016s

From the 1Q24 Press Release :

To capitalise on growth opportunities, Southern Cable is expanding its production capacity.
In May 2024, the Group acquired a 7.9-acre industrial land with an existing building adjacent to its current facilities in Kuala Ketil, Kedah, for RM14.0 million. The newly acquired property will enable the Group to scale up production and meet the increasing demand both domestically and in the United States (US).
Tung added: “In addition to strong domestic growth, we are seeing a significant increase in demand from the US. Trade tensions and shifting supply chains have created a need for alternative suppliers in Asia, and Southern Cable is well-positioned to meet this demand. Our new facility will be instrumental in expanding our production capacity and broadening our product portfolio to better serve our US customer.”

“The newly acquired property will enable the group to scale up production and meet the increasing demand both domestically and in the United States,” the cable and wire manufacturer said in a statement.

The Group plans to commence equipping and upgrading the new facility in 2025. The facility is expected to support its target to increase export sales, particularly to the U.S. market.

Great vision by the Management.

Article from enanyang published on 31/05/24 which I have Google Translated below.
Not sure if this caused the surge in volume and spike in share price....





Recently, many data center concept stocks such as CloudPoint Technology (CLOUDPT), YTL Power (YTLPOWR), MN Holdings (MNHLDG), etc., have taken advantage of the hot data center and their share prices have seen a wave of increases.

Among the many companies, there is one data center concept stock that cannot be ignored, that is Southern Cable (SCGBHD).

Background and Business

Southern Cable is a cable company located in Kedah. Since its establishment in 1993, it has accumulated more than 30 years of experience in the wire and cable industry.

The company's business is mainly engaged in the manufacture and sale of various wires and cables, including power cables, communication cables and instrument cables.

The power cable is mainly used to transmit electrical energy, while the communication cable is used to transmit data.

Finally, instrumentation cables are suitable for measuring and monitoring in automated industrial processes.

Performance Analysis

The latest financial report shows that the company's revenue and profit both hit record highs. Revenue reached RM300 million, a 12% increase from the previous month, while profit increased from RM6.5 million to RM12.4 million, a 91% increase from the previous month. The increase in performance was mainly due to the increase in sales of their products and good financial management.

What is the connection between data centers and Southern Cable?

Data centers consume a lot of electricity to run, and the transmission of this electricity requires a lot of wires and cables. In other words, as the number of data centers increases, the demand for wires and cables will also increase significantly, which means that Southern Cable, which specializes in manufacturing cables, will naturally benefit from it.

Southern Cable SGDBHD
(From Southern Cable Facebook)

Why should we pay attention?

The primary reason is the topic that everyone is talking about in the recent market, which is that Microsoft announced that it will invest up to RM10 billion in Malaysia to support the development of technologies such as artificial intelligence and cloud systems.

This means that the demand for data centers will increase significantly, because data centers are like the brain of the Internet, which specializes in providing powerful computing power and massive data storage, which are also the necessary resources for the operation of artificial intelligence and cloud systems. Therefore, Southern Cable, as a cable supplier, will directly benefit from it.

Secondly, the country’s Net Energy Plan (NETR) will also open up a larger market for Southern Cable. This is because under the NETR plan, the country will focus on investing in renewable energy, such as solar photovoltaic projects, which require a large number of cables to connect solar panels and transmit electricity.

Precautions

However, Southern Cable faces the risk of raw material price fluctuations. Since copper and aluminum are the main raw materials for cables, their prices will also be affected by global market and exchange rate fluctuations. In addition, the company's current financial position shows that cash is RM96 million and total borrowings are RM196 million, with a net debt status, which may affect future investment and development plans.

A bright future

In summary, Southern Cable has a bright future, especially with the demand growth driven by Microsoft and the national new energy policy. Therefore, they are also sought after by investors, and the stock price is also showing an upward trend and standing above the 20-day moving average (EMA 20).

Followers of SCGB may be interested in this :

https://www.tnb.com.my/assets/newsclip/04052024e.pdf

Fabulous operator.

Since today warrant no limit up for 2nd day, tomorrow can continue Magic Show

According to Bursa filing on 11 Dec 2020, the Company has settled its lawsuit with Gaya Belian Sdn Bhd. Hurray.... a win for SCIB.

Now Gaya Belian S/B most likely has to return shares back to SCIB that were used as part payment of a company acquisition in 2016.

The announcement not in detail but I suspect the 1,200,000 shares disposed of will go back to SCIB, most likely go into Treasury Shares Account or to be cancelled.

Either way, good for SCIB. Furthermore, these are likely to be pre-bonus issue shares, which will now become 4,800,000 shares.

For Gaya Belian to cease to be a substantial shareholder, they must have disposed of more shares to drop below the 5% threshold.

Watch this space....likely to have further announcements on this Court case settlement regarding the balance of the shares.

Imagine how much the 6.8 million original shares paid to Gaya Belian are worth today. Multiply by 4, multiply by RM 2.14 plus entitlement to 1:2 free warrants.....

Fuyohhhhh

Fc78020, yes mother price will be adjusted but "your loss" will be compensated in the Reference Price ( Opening Price) of the warrants at 9.00am on Monday.

Using the RM2.10 example as the price on last day (Cum Entitlement Price), theoretical ex-price is RM1.99

RM( 2.10 x 2) + RM 1.77 = RM 5.97

On Monday, mother price will be RM 1.99

Reference price for warrant = RM 1.99 - RM 1.77 = RM 0.22

To verify : RM (1.99 x 2) + RM 1.77 + RM 0.22 = RM 5.97

If warrants limit up on Monday, then it will go to RM 0.52.

All calculations, purely my best agak-agak only.

Good luck to all holders.

Please fasten your seatbelts Ladies and Gentlemen....KPower warrants listing at 9.00am Monday 25th January.

Good luck to everyone.

As the SCIB warrants are only for 3 years, maybe they may have a lower exercise price compared to KPower whose warrants have 5 years to run.

Maybe RM2.00 appears reasonable....

Very interesting development.
35 million Scomnet shares traded off market yesterday at RM 1.95.

Who so brave to buy such a big block ?

Hi Soonhou03,

I like your bullish call.

Any reasons or info that you can share with fellow Scomnet kakis?

Thanks

Some of the major points from The Edge article :

1) Management very focused on delivering results. Confident, low key yet quietly bullish

2) No guidance provided for FY2020 but indicated this year will be an exciting year in terms of earnings due to persistent growth in orders on top of additional orders related to Covid-19.

3) Major client #1 Edward Lifesciences is Top 5 global player in Cardiovascular device market. Major client #2 Ambu is Top player in single-use devices.

4) Due to excellent track records and necessary FDA and EMA approvals, have gained additional clients over the past 2 years.

5) Expansion programme planned. New products to be launched in 2nd Half of the year and have already received orders for them.

6) Based on the products that are jointly developed, can comfortably see growth and visibility over the next 10 years.

Above only a summary and not financial advice.

Those who own Scomnet, you should know what to do.
Those who do not own Scomnet, hopefully you know what to do.

Good luck.

If you Google Search Disposable Endoscope Market Growth, you can see various reports about this topic:


Disposable Endoscopes Market Value to Hit US$ 3.1 Bn by 2026
The global disposable endoscopes market value is expected to hit $3.1 billion by 2026 and projected to rake 27.1% CAGR during the forecast period 2018 to 2026 - Acumen Research and Consulting


Healthcare Market Desk
Disposable Endoscopes Market Size, Share and Forecast 2019-2027
Press release • Nov 23, 2019 12:39 EST
​The global ​disposable endoscopes market size is expected to reach USD 3.31 billion by 2027 and is expected to expand at a CAGR of 29.2% over the forecast period 2019 to 2027.

Disposable Endoscopes Market Share Insights
Boston Scientific Corporation, Inc.; Flexicare Medical Ltd; Ambu A/S; Hill Rom Holdings.; and OBP Medical Corporation are the major players operating in this market. New product developments to cater to the multiple application areas is the most notable strategy adopted by these market participants. Of all the market participants Ambu A/S is significantly increasing its product offering, therefore, in next 3-4 years Ambu A/S is poised become one of the largest market participants.


Just info sharing with other Scomnet followers. Good luck.

Ninja,

According to announcement :

"Sales of single-use endoscopes reached 313,000 units for the quarter and 493,000 units for the half-year. Sales volumes were thus up 72% and 49%, respectively, relative to last year."

Ambu forecast sales of 900,000 single-use endoscopes for FY2020.
From above Q2 volume was 313,000 and Q1 was 180,000.
Based on trajectory, safe to say sales will blow past 1,000,000 units easily.

Scomnet's big customer just announced very good Q2 results.

Ambu posted organic growth of 24% in Q2 as COVID-19 pandemic increased the demand for single-use devices. As a result, Ambu grew 19% in the first half of the year. Product launches for this year are progressing as planned, Ambu’s application for FDA-approval of the duodenoscope has been submitted, and further investments in the global sales organization are initiated. Full-year guidance for organic growth is lifted from “16-22%” to “26-30%” as already announced, and EBIT margin guidance for the full-year is resumed at 12-14% including commercial investments.

https://www.ambu.com/corporate-info/investors/investors

Hello 888next,

Since EGM approval already obtained from shareholders, any idea when entitlement date for Bonus Issue will be announced?

Thank you.

Here is an interesting observation....

Each Quarterly results from Q1 to Q3 in FY2019 had a very consistent increase of between 45% to 50% higher than the correspondingly same quarter of FY2018.

For Q4, can Thong Guan do it again?

FY 2018 eps was 33.3 sen. Add 50% gives you almost 50 sen eps.

Please assign your own PE Ratio.

If the Affin Hwang TP of RM5.95 is true, then 50 sen eps and PE of 12 gives you RM6.00.....spot on.

Sorry guys....too free on Sunday. Day dreaming :-)

Dear 888next,

Since Nikon has disposed their entire shareholding in Notion, what about the warrants WC? They also had a 7.6% block of WC. Are you able to disclose their position on the WC?

I sometimes wonder whether a substantial holder of warrants is required by law to disclose any disposal or purchase of warrants.

Thank you Sir.

Extract from Public Bank Invest Research :

Eyeing solar projects. MFCB and Pekat Teknologi S/B have recently established a 55: 45 joint venture called MFP Solar S/B to undertake solar projects up to 10MW in Malaysia, which is believed to give far better investment returns of 10%-12%. MFP Solar S/B will be the engineering, procurement and construction and commissioning (EPCC) contractor to undertake the installation of solar power projects on the rooftop of industrial and commercial buildings under various models, namely, Build-Operate Transfer (BOT), outright sale or leasing. MFCB will ride on Pekat Teknologi’s vast experience in the solar industry. For a start, the JV intends to tap on multi-national companies for opportunities.

So, if we add the above move with Minister Yeo Bee Yin's push ( see article below) for more Renewable Energy, then MFCB's future has just become more and more cantik...

https://www.theedgemarkets.com/article/special-report-reform-fast-becoming-only-choice

No doubt the Don Sahong Power Division will be the superstar business segment for MFCB for years to come.

What about their Solar Division? Maybe this will develop into another profitable segment.

Extract from MFCB Bursa announcement on 14 August 2019 :

(ii) OPTION AGREEMENT ENTERED BETWEEN MENTERI BESAR INCORPORATED (PERAK) AND
BAYANGAN SUTERA SDN BHD
1. INTRODUCTION
Bayangan Sutera Sdn Bhd, a 80% indirect subsidiary of the Company (“BSSB”) had on 13
August 2019 entered into an Option Agreement with Menteri Besar Incorporated (Perak)
(“MB Inc.”).
2. DETAILS OF THE OPTION AGREEMENT
2.1 The Land
MB Inc. is the registered proprietor of an approximately 688.89 acres 99-year leasehold land
in Daerah Kinta in the state of Perak Darul Ridzuan. (“the Land”)
2.2 Consideration
BSSB hereby agree to fully and unconditionally accept the assignment of the commitment fee
paid by Teratai ANR Sdn Bhd (“TASB”)/Teratai Kembara Sdn Bhd (“TKSB”) pursuant to the
Deed of Revocation entered with the detailed as mentioned in the above announcement.
2.3 Option
BSSB shall be entitled from time to time and at any time within the Option Period (as set forth
below) to :
i. to lease the Land from MB Inc.; or
ii. to buy the Land with MB Inc.
2.4 Option Period
Option period commencing from the date of this Option Agreement until 31 December 2020
or such later as may be agreed between MB Inc. and BSSB for BSSB to exercise either the
option to lease or to buy the Land.
A further detailed announcement will be made when the option is exercised by BSSB during
this Option Period.

Hi 888next

Thanks for the replies.

1) Good to know still quite a lot more to be compensated for Business Interruption Loss. Whatever the final figures are, it will go straight to bottom line as part of Net Profits.

2) The EMS space is really getting crowded with more and more players.
Just like how so many world class gloves makers are based in Malaysia, the EMS sector also producing many capable home grown companies. Notion will get its fair share of business I am sure.

3) Sure will get Notion more attention and a higher rating if they can get into the Aerospace segment as well.

4) If the Nikon block is taken out, that will be another catalyst for the company.

Once again, cheers to you.

@888next ....thanks for your contribution. Very helpful info about Notion.

Can I ask a few questions please :

1) Any updates on Loss of Profits Insurance claim? So far RM 10 million has been paid

2) Dufu share price has performed very well past 6 months. Dufu's market cap now 2.5X Notion. Even at 91.0 sen , Notion still very undervalued you think?

3) Notion got aspirations to get involved in making aircraft parts?

4) Nikon Corporation is the single largest shareholder at 7.66%. Are they likely to sell? Pretty sure if they ever decide to sell that block, there will be many Funds wanting in.

Thanks again

Warrants to be listed tomorrow....as noted earlier by kllady_fidah

Kindly be advised that GCB’s 168,022,058 Warrants issued pursuant to the Free Warrants Issue will be admitted to the Official List of Bursa Malaysia Securities Berhad and the listing and quotation of the Warrants on the Main Market under the “Consumer Products & Services” sector, will be granted with effect from 9.00 a.m., Tuesday, 12 November 2019.

Forebase, if that's anywhere near 23 eps, then it would be a stunning set of results. Hope your source is correct....
Definitely big jump compared to Q2Y19 and much much bigger compared to Q3Y18.

It's for Q3 up to 30 Sep, so confirmed based on pre-bonus number of shares.

Good luck everyone.

tedbeh,

When the warrants are to be listed, Bursa will give the Warrants a
" Reference Price", based on a simple mathematical formula.

Let say, the Warrants are to list on 13/11, then the Reference Price should be :

Closing Price of GCB mother share at 5pm on 12/11 less RM 1.65.

Assuming that is RM 2.30 at 5pm on 12/11, then :

Reference Price = RM 2.30 less RM 1.65
= RM 0.65


That's only Bursa's Reference Price.

What the opening price for trading depends on what the market gives as " Time Value" plus the Reference Price.
So, based on above example, maybe the Warrants might open at RM 1 or higher or lower.

Your guess is as good as mine.

Split 1 into 2

Bonus free warrant 1:3 ( Original shares )

For ease of calculations, lets use 3 mother shares.

3 X RM 4.89 = RM 14.67

Add warrant conversion of RM 1.65

Total = RM 14.67 + RM 1.65 = RM 16.32

3 Original shares after split becomes 6.

Add 1 share from conversion of free warrant.

Total = 6+1 = 7 shares

RM 16.32 divide by 7 shares = RM 2.33

Agjl,

Private placement takers could have signed sale and purchased agreement with the company and signed a monotorium not to dispose before ex bonus. It will only make sense this way

Agree with you 100% on this.

Agjl,

Hopeful....if your guess is right and i hope u r right, then the cancelation of treasury shares will boost earning. So coming quarter earnings will be boosted further by lesser shares in computation. Smart!

The Treasury Shares were not cancelled...they were sold for cash. So the number of shares outstanding remains the same.

Possible but unlikely for those who got the placement shares to start selling now despite sitting on gains of RM1 per share.
Most likely they will go through the corporate execise and collect the Bonus Issues of shares and warrants.

Not sure why they kept 97,600 Treasury Shares today. I expect they will sell the balance anytime soon.

Date of transaction 21 Oct 2019
Currency Malaysian Ringgit (MYR)
Type of changes Resale
Total number of treasury shares changed (units) 2,256,100
Minimum price paid for each share sold ($$) 4.980
Maximum price paid for each share sold ($$) 4.990
Total consideration received ($$) 11235716.42
Total number of treasury shares held after the resale or transfer 97,600
Adjusted issued capital after cancellation (no. of shares) (units) 504,068,852

What a lucky guess..... :)

According to Circular to Shareholders on 18 Sep :

" As at the LPD:
(i) the total number of issued shares in GCB is 480,158,452 GCB Shares;
(ii) there were 2,353,700 Treasury Shares held by the Company; and
(iii) the Company intends to undertake a private placement of up to 47,780,475 Placement
Shares. "

Btwn 12.10pm to 12.20pm, about 2.5 million shares done very quickly from RM4.97 to RM4.99.

My 2 sen guess is that the Company "crossed" all the Treasury Shares to some parties.
Let see if there is any announcement after 5pm later....

If my prediction is true, then say goodbye to RM5.00 ?

RHB Report says TP RM6.00 but the following passage even more exciting:

"We like the stock for its re-rating catalysts and unique position to ride Asia’s growing demand
for cocoa-based products, coupled with its wide and solid customer base that should ensure
long-term sustainability of earnings. In a blue sky scenario, our TP could reach MYR7.40,
based on FY20F P/E of 16x (matching the local indirect peers and closer to the market P/E
of 16x-17x) once/if:
i. The counter is institutionalised (institutional shareholding now estimated at less than
5%;
ii. It becomes shariah-compliant;
iii. There is improved market awareness of the consistency of earnings;
iv. There is improved liquidity."

Happy investing everyone.

Chonghai,

Maybe this might change your mind?

https://www.cnbc.com/2019/07/08/nike-wins-big-as-the-us-womens-soccer-team-takes-the-world-cup.html

Hello Fellow Magni-ficents,

I am an infrequent contributor and small time investor. This thread has become quite interesting with diverging and somewhat heated opinions.

As I see it, we are in Magni forum because we either:
a) currently own it,
b) owned and sold it or
c) considering whether to buy this stock in future.

Everyone is entitled to their own opinion and each has their own motives.
Some up-ramp to push so they can sell, some down-ramp for opposite reason. Some happy to share and spread the good news.You either make money going long or make money shorting a particular stock.

As for Magni's share price rise, sure the corporate exercise was a factor ( up over 20 sen after announcement in August) but the greater and more sustained rally came AFTER their 1st Quarterly results and increased Interim Dividend. It was by all counts, a blow out quarter.

And to think the 1st Quarter is not traditionally their best quarter. Their 3rd quarter , straddling the Christmas and Holiday Seasons, is usually their best quarter. I am sure @chonghai will attest to this being a shareholder since 2013

Add to that 2020 is Olympics year. How much this will contribute only time will tell.

To be fair, Magni performed rather poorly dropping from RM7.30 in mid-2017 to aound RM4.00 at the end of 2018.

Disclaimer : I own Magni shares

I will now go back into my cave to hibernate.

Hi Sifus,
Can anyone confirm this commentary? Says Entry Price of 15 sen, so must have been written sometime back.


POTENTIAL MOMENTUM STOCK
*PUC (CODE - 0007)*

Entry Price : 0.15
*Target Price : 0.40*
Cut loss : 0.13
We initiate a trading buy on *PUC* as the stock could potentially collaborate with _Tencent China (WeChat Pay)_ for E-Money related product.
PUC already has collaboration agreement with Lakala Payment Co., Ltd since 2015, where PUC has been appointed as the sole authorised agent in Malaysia to jointly set up a cross-border financial platform for online financial and payment services. Lakala is one of the authorised companies in China to obtain payment license for all categories issued by the central bank of China. (3) Its e-payment product will be mobile app or something similar to WeChat.

As we know PUC has been granted approval to launch its large scheme e-money product by BNM. In addition, PUC has been categorise as one of the selected tech stock under E-Payment Service which same category as _GHL Systems_

My remisier said that semi-con business is a cyclical industry.
He advised that the forthcoming results , being for Q1Y17 should really be compared against Q1Y16 and not against the most recent results being Q4Y16. For semi-con industry, consequtive quarters results can be a little mis-leading.

Makes sense I suppose.

But where is the source of that info when the announcement to Bursa hasn't been made?

Unless of course.... :-)

CaiDhenYe,

Where did u see this announcement?
Sorry, i couldn't find it at Bursa site.
Thx

Tan Sri Desmond Lim’s Group of companies (WCT, MALTON) looks likely to benefit from the termination of the Bandar Malaysia deal between MoF (through TRX City) and IWH-CREC. This is due to:

1. Back in Dec-15, out of 40 tenderers, there were only 2 strong tenderers – (1) TS Desmond Lim with his Qatar back and (2) TS Lim Kang Hoo (IWEH) together with CREC.

2. Although TS Desmond Lim eventually lost out the bid, news sources mentioned that TS Desmond Lim had inserted a bid valuing Bandar Malaysia lands at RM15b; higher than the RM13b valuation bid by IWH-CREC.


3. WCT (19% owned by TS Desmond) has already secured the MRT2 viaduct works (Package V204) from Bandar Malaysia towards Kampung Muhibah worth RM896m back in 2016.

4. Also, WCT had previously in Oct 2015 received a letter of award from 1MDB Real Estate S/B (currently TRX City S/B) for the completion of infrastructure and roadway works at the TRX worth RM755m. This infra works is close to the vicinity of Bandar Malaysia and hence this forms a strong working relationship between WCT, Bandar Malaysia and its owner – TRX City S/B.


Was given this by my remisier. Purely for sharing purposes.

I suppose one Tan Sri's loss is another Tan Sri's gain?

Dear All Sifus,

I have been looking at GSB since last week but have yet to jump in. Really regret . Was told by my Remisier that the hype about GSB has not much to do with their current projects but more of a potential RTO target by Datuk Tee who owns Kerjaya Prospek.

Apparently Datuk Tee also has extensive property development businesses that he owns personally and not part of Kerjaya Prospek Bhd.
He now owns 16.7% of GSB after taking the entire 20% Private Placement last year.

Datuk Tee did RTO of Fututec Bhd and injected his construction businesses and today its known as Kerjaya Prospek Bhd.

Anyway, not sure if same thing will happen to GSB.

Capital repayment announcement soon?

Year of Rooster is Technology play.
Apple up, Broadcom(Avago) up.
Broadcom up, Foundpac up.

Hello Sifus,

Newbie here.

My friend's remisier told him Foundpac did quite a few crossings or married deals over past 2 weeks.

Don't know what these means...but almost 11 million shares done at about 60 sen. That's almost 3% of total company shares.

Is this good news or not?

Tq

With so many millions shares exchanging hands at 4.5 sen over past 1 week, is it OK to buy in some as well?

New controlling shareholders coming in?

Maybe price drop because no free warrants asked by Koon Yew Yin?

Hippo, Tq for your reply and info.

What happened to Special Bumi issue of 21.1 million new shares? Only issued 732,500 @ RM0.95 on 12 Jul but announcement on 26 Oct said they have now complied with Bumi Equity condition and Special issue is now completed.

Good news , I guess. Maybe can give Bonus Issue to all shareholders instead :)

Dear Sifus,

Just joint as new member. Need to learn. Tq in advance.

JHM in ACE market right? I hear Fund Managers can not buy ACE counters?
Don't know if JHM can apply to transfer to Main Market or not.