Highlights
KLSE: SCABLE (5170)       SARAWAK CABLE BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.25   0.00 (0.00%)  0.00 - 0.00  0
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Overview

Market Cap: 79 Million
NOSH: 317 Million
Avg Volume (4 weeks):616,278
4 Weeks Range:0.24 - 0.28
4 Weeks Price Volatility (%):
89.29%
52 Weeks Range:0.205 - 0.46
52 Weeks Price Volatility (%):
54.35%
Average Price Target: 1.30
Price Target Upside/Downside: +1.05
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019 [#2]  |  22-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  23-Nov-2019
T4Q P/E | EY: -1.94  |  -51.62%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 74.0  |  0.00
T4Q NP Margin | ROE: -4.79%  |  -0.17%

Headlines

Date Subject
14-Oct-2019 Budget 2020 - Engineering Inclusive Growth
03-Oct-2019 Mplus Market Pulse - 3 Oct 2019
03-Oct-2019 PublicInvest Research Headlines - 3 Oct 2019
19-Jul-2019 Mplus Market Pulse - 19 Jul 2019
19-Jul-2019 PublicInvest Research Headlines - 19 Jul 2019
26-Mar-2019 Daily Market Update - 26 Mar 2019 (COMFORT, SCABLE)

Business Background

Sarawak Cable Bhd is a Malaysian based company. Together with its subsidiaries, the company manufactures cables and wires. It operates in four segments The sale of power cables and conductors segment supplies power cables and conductors components, galvanized steel products, and steel structures segment supplies galvanized steel products and steel structures and galvanizing services. The transmission lines construction segment involves supply, installation, and commissioning of transmission line projects. And the corporate segment is involved in Group-level corporate and management services, the power generation business and provision of helicopters services. It generates the majority of the revenue from power cables and conductors segment.
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  6 people like this.
 
Wongfatt 刚才有买了一点0.260,下星期一gogogo
23/11/2018 7:40 PM
Wongfatt 这个股volume非常少,跌越多越好, 我们的group 就大量收票
23/11/2018 8:04 PM
sasword 继续收咯,反正就快被delisted.
27/11/2018 3:53 PM
Wongfatt 谢谢关心sasword
28/11/2018 11:01 PM
Wongfatt 我们在0.19等
01/12/2018 11:26 PM
Habislah fake rebound. later will go down below 20c. Sold 23sen, lost 20k, waiting to buy back at 15sen
14/12/2018 3:57 PM
Insiderss It will go below 10 sen
15/12/2018 9:42 AM
trulyinvest Wa long time never c tis. Bcome rubish. Pn 17 soon
15/12/2018 9:55 AM
commonsense Any future turnaround of the company will highly be dependent on the outcome of its helicopter division in particular the Eurocopter EC225 Super Puma the largest in its 9-helicopter fleet. The company was somewhat unlucky when it first took delivery of the EC225 back in Apr 2016. During the same month there was a crash in the North Sea that killed 13 people on board which led to the grounding order of all Ec225 by European Aviation Safety Agency in June 2016. No income was ever recorded for the asset. However, the company is still obliged to pay the financial costs relating to it.

It does not help also that most of its other business are also recording negative growth in terms of revenue and profit. In particular, the cable business which saw a decline of sales and profit by 33% and 52% respectively.

In terms balance sheet, the company has RM606mil of current liabilities (of which RM437.1mil are debt) but only RM450mil of current asset (of which only RM36mil is cash). The company will most probably try to refinance the debt but given the upward trend of interest rates, they will have to pay higher interest rate cost in the future. This will depress the PBT margin even further. If refinancing fails, the company will need to try to raise the capital via assets sales or equity capital raising (for this type of quantum right issue will be the best option).

If you are looking to diversify your portfolio outside of Sarawak Cable (due to the perceive weaker market outlook), I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.5x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19 and also the new Alza in 2H19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.18.

Good luck.
23/12/2018 11:02 AM
Hang Usman Write a comment..
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03/02/2019 5:44 PM
Habislah fake rebound, your last chance to dump this share before it get delisted. Runnnnnnnnnnnnnnnnnnnn
08/02/2019 12:11 PM
Pak Abu Waa....something ON??
13/02/2019 11:49 AM
Pak Abu TP 70sen?? hehehe....
13/02/2019 11:53 AM
Habislah Pump n dump nicely executed. Next TP : 7sen. Final destination --> DELISTING.
13/02/2019 4:09 PM
Hope123 Volume suddenly up recently. What is happening?
20/02/2019 11:23 PM
sasword Finally the last quarter result before delisted.
01/03/2019 10:25 AM
Hope123 Any news? Why share price suddenly shoot up?
06/03/2019 12:04 PM
singh1 no news yet, but looks interesting. Cheers!!
06/03/2019 8:34 PM
shareking1 砂拉越概念股都起了,dayang, naim, perdana, zecon, scable, trc, kkb, hsl , cmsb.
14/03/2019 9:15 AM
sasword Goreng up and down till mother cannot recognize, really sohai gov link rubbish counter.
18/03/2019 4:10 PM
Foster Lee will go up anytime 0.50-0.65
18/03/2019 5:47 PM
sasword Any1 who willingly make donation to sohai corrupted gov can spend money buy this hell counter, sure got swallowed.
19/03/2019 4:07 PM
holefook67 haha, sasword is right. really rubbish management and an embarrassment to sarawak if you ask me, look at cahaya sarawak and this one, all the way from 1.70 to this level. yes only fools buy this counter and I am one of them
20/03/2019 3:28 PM
Yang Addison gap up tmr?
20/03/2019 4:27 PM
Hunter 8888 Today looking good haha..gogo up tomorrow.
25/03/2019 8:27 PM
Foster Lee slowly but surely
26/03/2019 9:44 AM
Yang Addison any news?
26/03/2019 11:58 AM
Foster Lee aim for it, sure up today
27/03/2019 10:22 AM
Yang Addison nothing
02/04/2019 6:41 PM
Klse_faizan standby. just in if get momentum.
04/04/2019 11:39 AM
Foster Lee up up
05/04/2019 9:43 AM
Darren so far TA dint look like pump and dump.... hope I am not wrong
might have some good news soon
05/04/2019 12:30 PM
Foster Lee Arriving soon, buy buy buy don
miss the boat
05/04/2019 12:45 PM
Darren Mid to long term if they get more orders and not sure how much the mini hydro dam contribution end of 2019

Annual report:

B5. Commentary on prospects

The State of Sarawak’s initiatives such as Pan Borneo Highway, Second Trunk Road, upgrading of Coastal Road and expansion of roads and bridges is expected to generate strong demand for power and telecommunication cables, steel products and construction services augurs well for the Group.

The Group has a strong track record, capability and capacity to supply power and telecommunication cables, steel products and construction services.
The power generation segment comprising of mini hydro dam which will be commissioned in 2019 and will be contributing positively to the Group.

The Group is currently addressing a challenging segment such as the aviation segment. The main focus is to optimise utilisation of all aviation assets with the possibility of disposing under-utilised aviation assets.
05/04/2019 12:49 PM
Foster Lee up up hurray
08/04/2019 9:45 AM
singh1 government wants good street lighting using led for whole country. so today scable and success transformer getting hot. go! go! go!
08/04/2019 11:19 AM
Foster Lee buy !buy! don't miss the boat as i say before
08/04/2019 12:48 PM
Foster Lee Sarawak counters look intriguing, worth the while to study
08/04/2019 3:54 PM
Foster Lee I repeat, it's the beginning. The stock will fly to 80 sen. But not in the near moment. I just can say.. It will gonna be my duit raya
15/04/2019 1:46 PM
firehawk 0.38
15/04/2019 2:49 PM
Yang Addison no show to c today
16/04/2019 11:06 AM
singh1 Big and bigger infra jobs will need lots and lots of cables. Fly Scable, Fly to the moon.
19/04/2019 5:22 AM
Darren If can close above 0.34 then still have chance to keep monitor. Sell all if break 0.335 because you won't cut it when reach 0.25
25/04/2019 6:00 PM
chkhooju Please don't indulge in SYIOK SENDIRI syndrome because it can kill you.
03/05/2019 3:51 PM
sasword He is ady dead in his wet dream.
28/05/2019 7:16 PM
Foster Lee syiok sendiri n wet dream sound good
30/05/2019 1:50 PM
K.H :)
30/05/2019 3:25 PM
06/09/2019 9:09 AM
XXXvalue scable shud be change to scary. They have so much debts!
12/09/2019 5:43 PM
monetary scable cable is copper based not fiber.
21/10/2019 2:36 PM


 

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