Highlights
KLSE: SCABLE (5170)       SARAWAK CABLE BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.29   -0.015 (4.92%)  0.29 - 0.31  3,040,100
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Overview

Market Cap: 92 Million
NOSH: 317 Million
Avg Volume (4 weeks):6,322,985
4 Weeks Range:0.20 - 0.33
4 Weeks Price Volatility (%):
69.23%
52 Weeks Range:0.10 - 0.41
52 Weeks Price Volatility (%):
61.29%
Average Price Target: 1.30
Price Target Upside/Downside: +1.01
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2020 [#1]  |  26-Jun-2020
Next QR | Est. Ann. Date: 30-Jun-2020  |  22-Aug-2020
T4Q P/E | EY: -1.16  |  -86.55%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 49.0  |  0.01
T4Q NP Margin | ROE: -10.21%  |  -0.51%

Headlines

Date Subject
05-May-2020 Technical Buy - SCABLE (5170)
25-Apr-2020 Traders’ Almanac - S&P 500 Index: Bearish Divergence, Pullback Ahead
17-Jan-2020 Stock on Radar - Sarawak Cable (5170)
13-Jan-2020 M+ Online Technical Focus - 13 Jan 2019
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

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.
 
Andrew83 Politics counter....will fly soon,coz Sarawak election is around the corner
26/04/2020 11:34 PM
lee_m2020 Woww... Flying....buy buy buy!!!! projects on !!!!
29/04/2020 12:39 PM
Willbegood monitor now
14/05/2020 4:25 PM
ddd ccc 15 MAY 2020

MOMENTUM TRADING OPPORTUNITY

COUNTER : SARAWAK CABLE BERHAD or SCABLE (Code 5170, Main Market, Industrial Products & Services)

BASIC FACT SHEET
- Market Capital : RM 69.75 million
- Total Floating Shares : 317.05 million
- NTA : 50 cents
- Major Shareholder - DS Mahmud Abu Bekir Taib (27.38%), Sarawak Energy Berhad (16.53%)

BUSINESS PROFILE

i. SCABLE is a Sarawak based conglomerate involved in sales of power/telco cables, galvanised products & steel structures, transmission lines, power generation and helicopter services
ii. Sarawak Energy Berhad is a majority shareholder and therefore is considered a state-backed company
iii. Revenue is consistent between RM 150 - 250 mil a quarter for the past few years. Has a strong client base

PROSPECTS

#1- Right now trading at discount of about 60% to its NTA of 50c

#2 - Has a cash position of RM 87.9 mil (market cap now is only RM 69.75 mil), therefore able to storm the short term volatility caused by COVID19

#3 - Currently undergoing restructuring so that costs can be managed better for company to make profit

#4 - Among the initiatives are disposal of its helicopters which are loss making (in March 2020) and also sales of land to Mexter Glove Manufacturing (Oct 2019). All these will improve company balance sheet

#5 - Also, SCABLE 78% owned Indonesian unit, will complete its hydro power dam project by end May 2020, which will be able to generate RM 40-50 mil revenue by having a 20 year power purchase agreement with Indonesian energy authorities

TECHNICAL ANALYSIS

i. Hit a high of 41c in December 2019
ii. Price went to a low of 10c in March 2020, however low volumes were traded at the bottom of market
iii. Broken EMA14 at 20.5c. Next EMA200 is at 26.4c and EMA365 at 32.5c
iv. Volume increases indicating healthy trading momentum towards higher prices
vi. Possible to make a V-shape recovery should there be any forthcoming good news in announcements
15/05/2020 6:15 PM
huatgorgor Very soon
29/05/2020 3:07 PM
Kimie22 huatgorgor very soon up or down bro??
29/05/2020 4:58 PM
Hope123 Up
02/06/2020 10:31 AM
ddd ccc Engine ram today?
11/06/2020 7:49 AM
huatgorgor Start
25/06/2020 3:15 PM
pretty_life Limit up liao... sapu first
25/06/2020 3:55 PM
Squirtle Scable is everyday make losses
Kukujiao company one
25/06/2020 4:13 PM
ddd ccc What happen?
25/06/2020 5:49 PM
apolloang Sarawak election soon?
25/06/2020 5:53 PM
Ben C Kh Qr release tomorrow
25/06/2020 5:56 PM
thesteward I believe most sarawak counters Will do well this year . ESP Zecon n scable
26/06/2020 12:32 PM
sasword Big fat ass shark goreng ikan bilis time.
26/06/2020 12:34 PM
Ben C Kh The steward: yes I hAve to agree..
26/06/2020 12:41 PM
Ben C Kh Scable last qr losses was mainly due to provision and impairment.. don't be surprised if this qr improves a lot
26/06/2020 12:42 PM
Pin4TheWin BUY BUY BUY PROMO TIME!
26/06/2020 2:40 PM
sasword Good for goreng ikan bilis.
26/06/2020 3:51 PM
Ben C Kh As expected..From Loss to profit..Monday limit up
26/06/2020 6:52 PM
mf sell on news
26/06/2020 7:27 PM
StockHunt40 will could be the direction on monday leh?
^^
27/06/2020 11:08 AM
Ben C Kh Should be able to break previous high 0 41 easily
27/06/2020 12:54 PM
trade2win1027 nice Qr but cant share price cant move.. continue to zzz
29/06/2020 9:12 AM
ddd ccc engine restart
29/06/2020 10:52 AM
StockHunt40 hope today after lunch, can go higher...
29/06/2020 12:28 PM
sasword 很好的操盘和黑钱转移,不错,马来鸡亚一级棒。
29/06/2020 1:37 PM
trade2win1027 rubbish stock. hahaha....
29/06/2020 4:53 PM
AClover Before it's too late, remember the following :-

1) https://www.malaysiakini.com/news/511181
2) It's loss making helicopter business is history
3) Guess who monopolizes power cables and transmission lines in Sarawak (we wonder :-) )
4) Medan hydropower contribution coming in soon
5) Private placement exercise didn't materialize (to me it's good - less dilution) & also a sign they are not in dire need of cash

Always be in the bandwagon early. Too late once the above has materialized.
30/06/2020 12:14 AM
AClover https://www.sarawakenergy.com/assets/pdf/announcements/Eng-Adv-V1P-Press-Quality.pdf
30/06/2020 12:22 AM
AClover https://www.thestar.com.my/business/business-news/2019/07/08/sarawak-energy--set-to-export-electricity-to-sabah-by-2022
30/06/2020 12:34 AM
Ben C Kh Sarawak energy is the cash cow of Sarawak..Being the main shareholder of naim and scable also help these companies
30/06/2020 8:19 AM
trade2win1027 let's the share price speak
30/06/2020 9:07 AM
AClover Naim starting to make a move today...
30/06/2020 9:39 AM
StockHunt40 sideway
30/06/2020 10:08 AM
trade2win1027 magic show? how u know 3 pm? haha...

shafie is Sabah right ?
01/07/2020 2:53 PM
trade2win1027 @orionIXL, 303 pm now.. hahaha
01/07/2020 3:03 PM
mf tp 0.360
02/07/2020 9:47 AM
mushroom mf run
02/07/2020 9:48 AM
lee_m2020 Any good news?
02/07/2020 11:09 AM
ddd ccc this stock is not for traders
02/07/2020 11:17 AM
vcgh23 Scib up so much ...dont know SCABLE IS IT related.. will follow fly also
06/07/2020 6:03 PM
Foster Lee Buy buy this is right time flying to the moon
08/07/2020 4:03 PM
Foster Lee 80 ct in the making
08/07/2020 4:07 PM
Pcmont123 90sen at least
08/07/2020 6:11 PM
Masila Good luck to all those holding this counter. I THREW everything today........ never ever to go in .
09/07/2020 5:18 PM
Pcmont123 Fengshui master say at least 90 sen why throw so early????
10/07/2020 4:48 PM
Masila Is this cable strong enoughto hold ?
Looks it can snap. And break anytime
11/07/2020 1:31 AM
Pcmont123 Monday straight up 40.....
11/07/2020 11:14 AM


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