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Overview
Financial Highlight
Headlines
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.
  Andrew83 Politics counter....will fly soon,coz Sarawak election is around the corner 26/04/2020 11:34 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 thesteward I believe most sarawak counters Will do well this year . ESP Zecon n scable 26/06/2020 12:32 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 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 Masila Good luck to all those holding this counter. I THREW everything today........ never ever to go in . 09/07/2020 5:18 PM  | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
