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Overview
Financial Highlight
HeadlinesNo recent Headlines for this stock. 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.
  Insiderss Insider news here. The upper management are taking loans after loans to pay off their other loans especially those of their helicopters. And since the change of the upper most management people, which happens to be close friend of the group's big boss, they will continue to run the lose making subsidiary just to satisfy the big boss. 20/09/2018 11:33 AM Insiderss If I am you, I'd stay far away from this counter, cms is a better options. This group's management is doomed since the previous managing director left. 20/09/2018 11:38 AM kcwc888 Personally, the only segment making Top & Bottom line is from the cable business, other ventures are bleeding. Funds are being used to cover the losing division and this is not healthy. Insiderss is right in pointing out that. The beneficial owners are " negotiating" for their peaceful minds and this include the businesses involved. I believe they will remain low profile until the next PM comes on board. 26/09/2018 5:20 PM Shadows Any direction for this counter? Hold, dispose or accumulate to pair down? 10/10/2018 10:38 AM kcwc888 nibbling and holding, the richest man will orchestra an event soon. As long as the cable business is churning enough cashflow and T&B line, its good to have a look. 15/10/2018 12:32 PM  yiniugongxiong THE IMPACT OF FALLING COPPER PRICE ON MALAYSIAN STOCK MARKET COMPANIES http://yiniugongxiong.blogspot.com/2018/09/the-impact-of-falling-copper-price-on.html 04/11/2018 6:46 PM kcwc888 that's what i thought, good news is coming in. TP 80cents. Tightly hold by the richest man... comfortable upside to lock in. 08/11/2018 12:19 PM Insiderss Goreng failed. Yet, bigger news are yet to come. Brace yourselves. Winter is coming. If skeletons in closet are found, pn17 is just a door step away. 17/11/2018 1:41 AM holefook67 what a disappointment very poor choice of investment made on the back of an Investment Bank Research investment note 2 years ago 23/11/2018 12:25 PM Chanfang Really a politician dogs counter, now bursa and country is doomed due to sohai pig gov and dog gang. 23/11/2018 12:56 PM Chanfang Next time tongkat horse and pakatan harap kacang fallen, the same happens with the dog gang counter, hopeless politic and economy on this fallen land. 23/11/2018 1:10 PM holefook67 agreed, volume all of a sudden spiking up and shares are down so as usual inside knowledge means QR will be bad and they will still be xxx around with the Indonesian project and not coming out with any pro active measures to attract some of the large allocations that the Sarawak govt has put up in the budget. Do not get me wrong, I am not a back bencher pretending or claiming to do a better job but these people are qualified, get paid, surely they cannot just watch the co share price drop from 1.90 in 2016 Nov to what it is now and not do something about it. Please no comment about I should have sold etc, I am not as clever as you guys 23/11/2018 3:36 PM SuperBest QR result just out, profit yoy almost jump up 100%. But its share price almost meltdown today, the market punished those with outstanding result, ironically. 23/11/2018 7:20 PM shpg22 what a disappointment very poor choice of investment made on the back of an Investment Bank Research investment note 2 years ago Is good you learned your lesson. Many other don't. Never trust a IB 23/11/2018 7:24 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 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.. Do you need personal loan? Does your firm,company or industry need financial assistance? Do you need finance to start your business? Do you need finance to expand your business? We give out loan to interested individuals who are seeking loan with good faith. Are you seriously in need of an urgent loan contact us at Email: perfectfinancialcredite@gmail.com APPLICATION DETAILS Your Full Details: Full Name: Loan Amount Need: Loan Duration: Phone Number: Applied before? State: Monthly Income: Country: Where did you hear about us;.. You are to send this to our Company Email;perfectfinancialcredite@gmail.com 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 Habislah Pump n dump nicely executed. Next TP : 7sen. Final destination --> DELISTING. 13/02/2019 4:09 PM sasword Goreng up and down till mother cannot recognize, really sohai gov link rubbish counter. 18/03/2019 4:10 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  |
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