Kikikikiiiii..... TJ in the house? itu SCable macam mahu meletop! It will not be 1 day show again this time around.

Manusia la Tew.... naik pun dia marah pasal lupa mau angkat.

When UncleZ and Bonescythe joining force, things brewing really goooood! Happy ride!

Meletop!!! Wow wow wow!!!

Touching 1.57 now.

Moving beyond 1.55 now!

Azmi, dont disappoint too fast. Time to accumulate. Kasi tambah satu lorry!

UncleZ on value investing in Scable. Interesting facts:

1) 500kV transmission line contracts. 2 of the 4 packages worth RM619 million are already in hand. The other 2 packages were awarded to other contenders. But, and it is a big but, these 2 contenders have to buy cables from someone in order to execute the jobs. Guess from who.

2) High chance to get a big slice of the contract on electrical works from the state government.

3) To clinch more jobs related to hydropower projects because of their strategic partnership with SEB.

4) Awarded with power contract in neighbouring country which can be viewed quite similar to IPP contract that we used to call here.

5) More contracts from TNB to improve transmission service which is said to be worth over RM2 billion.

Sure you do not want to grab a piece and ride the fortune soon? Huat arghhhhh Scable.

To solidify market position.

It will scale to 1.70 first, then the 2 and when Balingian comes in baru fly over 2.

Kikikikikiiiiiiiii

For Scable, you control the supplier, you set how much your margin. From manufacturing, construction, installation, semua kasi sapu .......

Tj, dont want to play play Scable? Monopoly game is interesting. In advanced country, this will be prohibited.

It gonna be interesting 2 months for Scable.

- SCable have 60 days to carry a due diligence before it decides to enter into a share sale agreement (SSA). HNG will not offer to sell the shares to other parties during the period.

- Under the SSA, HNG will guarantee a total PBT of RM21mil at the two companies for FY14F ending Dec. Any shortfall will be paid by HNG.

- We view the offer positively as it will fortify SCable as the leading cable manufacturer in the country with an estimated market share of over 50%.

If clear 1.58, it will sail!

Scable making a move. Buyers piling up.

Monopoly and profit margin ........... Big funds mesti suka punya!

Boom! Boom! Boom!

Ah Ben will meletop tomorrow!

high foreign participation today.

Analysts commented that there were no amortisations for jobs related to construction contracts in this quarter. As such, we expect margins to improve moving forward. It is also expected that recognition of the 500kV job (transmission package worth RM620mil) will only flow through strongly from 2QFY14 onwards due to gestation period.

Good positive story.

Scable steady at 1.42. The only way is up when the overall market sentiment recovers.

Looks good here. Time to join, kasi masuk 1 lorry besok.

Oversold position.

Someone asking for Summary of Scable Annual Report 2013 and here is some info.

Sarawak Cable sees consistent revenue from power cable, conductor segment

KUCHING: Despite seeing a challenging year in 2013, Sarawak Cable Bhd (Sarawak Cable) expects to see consistent revenue and profits generated from its power cable and conductors segment.

The group in its Annual Report 2013 released late Monday highlighted that financial year 2013 (FY13) was a very challenging year in relation to the Group’s business and corporate activities after the company was listed about four years ago.

Group chairman Dato Sri Mahmud Abu Bekir Taib recapped that there were two corporate proposals in FY13, involving the rights issue and bonus issue and had been completed in July 2013 and September 2013 respectively.

“During the year, the company had also increased its equity interest in an overseas subsidiary, namely, PT Inpola Mitra Elektrindo from 65 per cent to 78 per cent, a company involving in the construction of a mini-hydro power plant in Indonesia,” he said in his chairman statement.

“The increase in equity interest would further enhance the management and gaining control of operations of the overseas subsidiary.”

The company is also working hard to broaden its business base into power lines construction, maintenance and services to improve revenue and profitability.

Overall, Sarawak Cable recorded a drop in revenue of 22 per cent from RM268.6 million in 2012 to RM208.7 million for the financial year under review.

The profit attributable to shareholders was down from RM5.9 million in 2012 to RM1 million in 2013, he added.

“In view of the enlarged share capital via rights and bonus issue during the year, the company’s net assets value per share had diluted from 97 sen per share in 2012 to 80 sen per share in 2013,” he noted.

“However, the shareholders’ funds of the company had increased from RM151.2 million in 2012 to RM223.6 million in 2013.

“The enlarged share capital of the Company would enhance the working capital of the Group to operate more aggressively to explore territories and participate in extended platform.”

Bekir went on to highlight that the power cables and conductors segment is able to generate very consistent revenue and profits supported by its wide customer base in Sarawak and Sabah whereas fabrication of steel products has also generated positive results from project related works.

“Overall, the manufacturing segment has generated about 50 per cent of the Group’s revenue and 50 per cent generated from contract segment. In terms of profitability, the manufacturing segment and contract segment has contributed 92 per cent and eight per cent respectively of the Group’s profits for the year under review.

“The substantial increase of Group’s order book amounting to RM756 million as at 31 March 2014 is expected to generate good revenue and profits in financial year 2014 and 2015.

“In addition to the existing order book, the group has continued to tender for projects nationally and overseas to sustain the company’s strategic objectives for growth and improve shareholders’ value. With the implementation of 500kV backbone transmission line in the State of Sarawak at the end of 2013, I anticipate that the group would be able to contribute reasonably good results in the next few financial years.”

For those who are new to Sarawak Cable, these are good summary about them.

Full Range of Expertise in Building Transmission Networks

Sarawak Cable is playing a key role in helping Malaysia build a world-class power-transmission network. The company, which incorporates long-time player Universal Cable Sarawak, operates two manufacturing lines to produce overhead aluminum bare conductors for up to 500 KV. Sarawak Cable also acquired Sarwaja Timur, a manufacturer of transmission towers. Rounding out its diverse offerings, Sarawak Cable has its own construction company that sets up transmission towers and lines. Aaron Toh Chee Ching, CEO explains, “Sarawak Cable is very competitive and will remain so because we do everything in-house.”

Mr. Aaron Toh Chee Ching foresees exceptional growth for his company. He says, “Transmission lines are a hot topic in Sarawak today. The Sarawak government is implementing a plan to put up a backbone line from Bintulu all the way up to Kuching to transport electricity seamlessly from Bintulu-area power stations. The central region and the SCORE zone will become a power-generation hub.” Sarawak is capitalizing on its enormous potential to supply hydropower-based energy to major industrial operations, and Sarawak Cable is crucial to this effort’s success.

Itchy itchy, kasi hantam one lorry.......

Hmm! Big number been crunching here...... Can wait buying eh?

Ayo! Missed the sub 1.40 price........

You think they will comfortably bag the transmission package to link the proposed Balingian coalfired plant (2x300MW) in Mukah to the grid pretty soon??

Cheap price now. Come and get it.

Rigged?

Contributions from the 500kV backbone line will kick in stronger from 2QFY14 onwards. Mahu masuk ini kali lah.

Good news is coming??

Caressing 1.17 again.......

He he he. Many thinking small players game but Ah Ben price is moved by big players who will hold position and not going for small gain .......... Huat Arghhhhhh Ah Ben!

Jolly good show today.

But Cherry this is Malaysia ma, some more East Malaysia. Everywhere in East Asia more or less the same trend. The price should reflect its future potential, projects in hand. And projects awarded last year has started to be executed? That is why I smell and want to know if the divorce court case has got to do with the current price. Anyway, analysts not interested to cover this share, so less in investor radar despite its huge potential.

Yo Scable! When are you going to wake up like Ah Ben? Benalec is flying now, you should follow it as good decent pretty example. Go Scable!

Hmmm, Gold Rush..................

Ayo Intuition, where can fund manager sit comfortly and buy slowly with the said good news here? I smell gold rush ...... Every fund manager local or international itchy itchy.

Guys, are you ready to allow Ah Ben to become astronaut? Instead of train, we may be seeing Ah Ben riding a rocket soon.

Cepat masuk. I guessed CIMB Analyst was betting against approval from EIA ...... Had he or she also bet for approval, the avg TP would have been far much higher!

Cepat cepat!

Vrooommm, Vrooommmmmmmm. Kikikikiiiiiiii.

Continue to lend a helping hand here.

21/3/2014 (Day 3) : 0.935
25/3/2014 (Day 7) : 0.920
26/3/2014 (Day 8) : 0.920
27/3/2014 (Day 9) : 0.900
28/3/2014 (Day 10) : 0.900
01/4/2014 (Day 14) : 0.890
02/4/2014 (Day 15) : 0.890
03/4/2014 (Day 16) : 0.885
04/4/2014 (Day 17) : 0.905
08/4/2014 (Day 19) : 0.895
10/4/2014 (Day 21) : 0.895
14/4/2014 (Day 25) : 0.895
15/4/2014 (Day 26) : 0.900
16/4/2014 (Day 27) : 0.900
17/4/2014 (Day 28) : 0.900
22/4/2014 (Day 33) : 0.910
23/4/2014 (Day 34) : 0.935 (That is up 1.5 cent in 34 days!)
30/4/2014 (Day 41) : 0.900
05/5/2014 (Day 46) : 0.895
06/5/2014 (Day 47) : 0.940 (That is up 2 cents in 47 days!)
07/5/2014 (Day 48) : 0.955 (today up by 1.5 sen. Yahoo!)
09/5/2014 (Day 50) : 0.965 (today naik lagi 1 sen. Google!)
12/5/2014 (Day 51) : 0.980 (today naik 1.5 sen. Internet Explorer!)
14/5/2014 (Day 52) : 1.100 (today naik 12.0 sen. MSN!)
15/5/2014 (Day 53) : 1.160 (today naik 6 sen. Google Chrome!)


Ayo, Ah Ben ride bullet train!!!

Anyway, I am tracking delicious time for Ah Ben! Huat arghhhhhhhhhhhhh!

Where are pushers of Scable? Could the ongoing divorce court case of towkey Scable suppressing the value of company?? Could the value of the share is purposely suppressed?? I am asking, could anyone has an answer?

Ah Ben will wake up like a shooting star this morning?? Huat Arghhhhh Ah Ben!!!

Continue to lend a helping hand here.

21/3/2014 (Day 3) : 0.935
25/3/2014 (Day 7) : 0.920
26/3/2014 (Day 8) : 0.920
27/3/2014 (Day 9) : 0.900
28/3/2014 (Day 10) : 0.900
01/4/2014 (Day 14) : 0.890
02/4/2014 (Day 15) : 0.890
03/4/2014 (Day 16) : 0.885
04/4/2014 (Day 17) : 0.905
08/4/2014 (Day 19) : 0.895
10/4/2014 (Day 21) : 0.895
14/4/2014 (Day 25) : 0.895
15/4/2014 (Day 26) : 0.900
16/4/2014 (Day 27) : 0.900
17/4/2014 (Day 28) : 0.900
22/4/2014 (Day 33) : 0.910
23/4/2014 (Day 34) : 0.935 (That is up 1.5 cent in 34 days!)
30/4/2014 (Day 41) : 0.900
05/5/2014 (Day 46) : 0.895
06/5/2014 (Day 47) : 0.940 (That is up 2 cents in 47 days!)
07/5/2014 (Day 48) : 0.955 (today up by 1.5 sen. Yahoo!)
09/5/2014 (Day 50) : 0.965 (today naik lagi 1 sen. Google!)
12/5/2014 (Day 51) : 0.980 (today naik 1.5 sen. Internet Explorer!)
14/5/2014 (Day 52) : 1.100 (today naik 12.0 sen. MSN!)

Ini Ah Ben kah???

Anyway, I am tracking delicious time for Ah Ben! Huat arghhhhhhhhhhhhh!

Powerwk, Internet Explorer okay?

Still lending a helping hand here.

21/3/2014 (Day 3) : 0.935
25/3/2014 (Day 7) : 0.920
26/3/2014 (Day 8) : 0.920
27/3/2014 (Day 9) : 0.900
28/3/2014 (Day 10) : 0.900
01/4/2014 (Day 14) : 0.890
02/4/2014 (Day 15) : 0.890
03/4/2014 (Day 16) : 0.885
04/4/2014 (Day 17) : 0.905
08/4/2014 (Day 19) : 0.895
10/4/2014 (Day 21) : 0.895
14/4/2014 (Day 25) : 0.895
15/4/2014 (Day 26) : 0.900
16/4/2014 (Day 27) : 0.900
17/4/2014 (Day 28) : 0.900
22/4/2014 (Day 33) : 0.910
23/4/2014 (Day 34) : 0.935 (That is up 1.5 cent in 34 days!)
30/4/2014 (Day 41) : 0.900
05/5/2014 (Day 46) : 0.895
06/5/2014 (Day 47) : 0.940 (That is up 2 cents in 47 days!)
07/5/2014 (Day 48) : 0.955 (today up by 1.5 sen. Yahoo!)
09/5/2014 (Day 50) : 0.965 (today naik lagi 1 sen. Google!)
12/5/2014 (Day 51) : 0.980 (today naik 1.5 sen. Internet Explorer!)

I am tracking interesting time for Ah Ben! Huat arghhhh!