Sephi, no same guy la. But we both promo PW one time.

Kikikiiiiiiii...... Join asiabio 0.11 sikit.

Now baca reporting by Borneo sources lah. From Borneo Post.

Supporting further power devt in Sarawak

SEB signs agreement for Package B, C of 500kV transmission backbone project worth RM619 million in total
KUCHING: Sarawak Energy Bhd (SEB) yesterday inked an agreement for the 500kiloVolt (kV) backbone transmission project (Package B&C) with a joint venture between Sinohydro Corporation (M) Sdn Bhd (Sinohydro) and Trenergy Infrastructure Sdn Bhd (Trenergy).

The whole project spanning from Similajau in Bintulu to Tondong in Kuching is expected to support the future development of power and the industries in the Sarawak Corridor of Renewable Energy (SCORE) region.

SEB chief executive officer Datuk Torstein Dale Sjotveit said the transmission backbone project will provide extra voltage and power to ensure industries in the SCORE region will be catered for.

“The 500kV transmission backbone project will support the future development of SEB’s generating system and provide a secured power supply to the fast expanding SCORE customers.

“In turn, more transmission capacity is required to strengthen the current electricity supply into Kuching and southwestern Sarawak.

“The second transmission backbone project will provide extra voltage ensuring much more power (in southwestern Sarawak),” he told reporters after signing the agreement with Sinohdyro and Trenergy yesterday.

SEB has signed the Package A project earlier in December 2013 with Toshiba Transmission & Distribution System Asia Sdn Bhd (TTDA) and China Xian Electric Engineering Co Ltd.

To recap, the project and contract for Package A & Package 2 for the 500kV transmission backbone was worth RM432 million and was awarded following a lengthy and stringent tender process based on international best practices.

In the meantime, SEB said Package B of the 500kV line will be from Mapai to Lachau and Package C from Lachau to Tondong with both contracts worth a total of RM619 million. The two packages are expected to be completed by the first quarter of 2016.

SEB added the Sinohydro-Trenergy joint venture was the lowest bidder for those packages and they have a team of technical expertise and professionals to work on the projects.To note, Trenergy is a wholly-owned subsidiary of main-market listed Sarawak Cable Bhd.

Meanwhile, Sarawak Cable in a press statement said the signing of the agreement marked a significant milestones for the company.

Sarawak Cable managing director Aaron Toh, who is also Trenergy managing director, said, “We are excited and proud to be able to contribute our experience and expertise in building one of Sarawak’s most ambitious infrastructure projects to date.

“With our proven track record and quality of delivery, we are confident that works will be completed within the time and cost,” he said.

Meanwhile, Sarawak Cable said it remains fully committed to produce conductors of up to 500kV.

Furthermore, Sarawak Cable said it has established its own in-house professional project management team and experienced workforce in countering the challenges ahead, and is dedicated to continuous training of its staff to the highest level.

The company said it is looking forward to more opportunities of cooperation and partnership with Sarawak Energy for the future projects which ultimately benefit the people of Sarawak.

Among those present to sign the agreement were Torstein, Trenergy’s chairman Datuk Seri Mahmud Abu Bekir Taib, Toh, Sinohydro assistant managing director Gu Hong Liang, Sinohydro director He Ting Fu and SEB chief of corporate service Aisah Eden.

I have feel all have been factored in so the price is stable. With the expectation The guy playing shadow game. It's related companies like Scable, CMS, etc are just on strong footing to be out maneuvered by others should SCORE continues. The projects of course in sensitive zones but we have to move on and progress. And recycled energy is a trend. So it would be mixed calls by foreign funds.

Kikikikiiiiiiiiiiii.

Pullback??

Okay lo, will korek sana korek sini a bit more. Kasi try tikam sedikit itu Power Root if it continue turun sedikit lagi. Who knows with its tongkat Ali power .......

Weird counter. With so much awarded projects also difficult to move.

You rite tj, almost hitting limit. Now pray for turnaround next week. Then busy jual ikan. Hope dapat jual size ikan paus not ikan bilis. Kikikikiiiiiiiiiii.

Hello! Couldn't be better with opportunity to pick up favorite counters. Kikikikiiiiiiiiiiiiii

:)

The qtr report already factored in based on Amresearch and the price came down to 1.48. This morning already back to 1.52 with this news and holding well. Waiting volume to come in further.

Good chance it can close 1.55 today.

Tunggu lama lama.

Saya sudah beli balik.

"awarded the 500kV transmission backbone project, worth RM619mil"

Banyak tuuuuu!!!

Forced selling to contra ke? Merahhh.

7.9 mil share to selling interest vs 2.5 million to buying ...... Trending down. Contra players trapping.

Sudah keluar ke? Still no news?

Wan Jonathan, 2.66 look like red skirt on high heel..... Boleh masuk semula nanti.

Kikikikiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii

Volume solid. Have not seen this for a long time!

Tsunami or ombak kecik saja?

Kikikiiiiiiiiiii

Ya lah. Saya pun sudah jual dulu.

Recovery mode tomorrow and following days too?

Lu ingat berapa tinggi dia jump besok?

Berapa besok?

Sorry ah, DJI slightly red lah.

Oil price they predict and hedge, Tahun Melawat Malaysia they know in advance, USD appreciation is everybody guess, this could be why Analysts put good TP for AAX. But why AAX trading -ve trending?. Now they blamed MAS for the competition. MAS blamed them for competition..... I like value for money flying MAS. Good food and excellent cabin crew. But like Karin, also out of money from AAX..... talk and be friend with MAS!

How do you find Old Town? I been there and brought the whole 20 people but when asked for feedbacks, most said taste so so but pricey. This is not good and could be one of the reasons why price keep sliding down? I am just speculating.......

Ramai orang sakit hati sama ini Koon perhaps based on past bitter experience dealing with his advise. Can't blame them. Some like to kipas kipas him. But if someone argued with FA here and it supported the argument, it helps players. We big boys to decide. May be Mr Koon jual saja lah his 40 mil share slow slow :) baru orang tidak boleh kata dia comment untuk main main dia punya interest yg banyak kuat here.

Now not only masalah China di tangguh, key regional bourses and DJI and Europe close hijau Friday. Monday should be Smiley Monday not a Monday Blues. It should be Monday Rock!

Finale on Friday lompat katak tak cukup tinggi but okay. Monday will lompat galah pula?? Atau lompat jauh, let it be jauh jauh atas.

Relax.

I may miss something after leaving this forum for quite a while after the alleged scandal came to light. Any watch dog watching small investors interest out there make any comment for much stiff punishment?Hope fellow members can highlight.

I suspect big market players want to see real punishment to ensure no repeat of bad intent by others with the same privilege situation. If it is true bad faith had occurred, lesson need to be taught more seriously.

Tony, Tony, Tony...... It is the government with all resources at their disposal that he dealing with........... Result takes second place than pride. Malaysian flag need to fly all over the world. Both are Malaysian pride so jangan gaduh!

Something really cooking??? Never seen that high for sometime!

Ah Beng brothers buat taik. Can the shareholder's sued them for destroying trust in this stock?

And it jumps!! Cepat!

Tibai all Sarawak counters. Good chance they be benefited by SCORE.

Keep steady sellers, don't sell cheap. Good time is coming.

Almost 2000 new lots queuing!

Hihihihi :)

Unusual strong queue shown to grab SCable at low price now. Sellers holding well at 1.52.

This is good followed up new from research by another analyst, Public in Nov 2013 with remarks as follows.

We expect more contracts from SCORE, with HSL expected to benefit the most for being Sarawak-based builder and strong balance sheet. However, valuations are not attractive in our view.

Latest news from AM Research.

The Star reported that the Sarawak government is going ahead with the development of two major hydroelectric dams under its SCORE project.

Deputy Chief Minister Tan Sri Alfred Jabu said the state is proposing to build Baram and Balleh dams with installed capacities of 1,200MW and 1,295MW respectively.

This would effectively bump up Sarawak’s hydro capacity to nearly 6,000MW. The target is for Sarawak to have potential hydropower resources totalling 20,000MW, with another 8,000MW coming from coal.

We understand that the Baram dam would be a roller compacted concrete type with its crest elevation set at 185MW.

On the other hand, Baleh would be a 204-metre high concrete faced rockfill dam with a gated chute channel spillway, an intake structure, five power tunnels as well as a power station housing five generator units.

Sarawak Energy Bhd’s (SEB) corporate communication manager Ahadiah Zamhari was recently quoted as indicating that the Baram dam’s social environmental impact assessment (EIA) study is in the final stage, and a report is near completion.

We are encouraged by this development. The roll-out of both dams will likely act as a positive lever to boost SCORE’s energy capacity to meet increasing power requirements of energy-intensive industries.

At the moment, power from the existing 2,400MW Bakun and 944MW Murum dams have been pre-sold.

While the exact timeline remains unclear, we expect both projects to be rolled-out within the next one to two years. This should have a spillover effect for local Sarawakian contractors.

Notably, Sarawak Cable (BUY, FV: RM2.33/share) could be a key beneficiary of more power transmission lines that SEB would likely need to construct to meet future power load capacity. Select contractors such as Hock Seng Lee (BUY, FV: RM2.40/share) and KKB Engineering (HOLD, FV: RM2.71/share) may also benefit from a portion of civil-related works.

This stock need to get more coverage from analysis houses, stock broking etc

Need to learn you tactic Abg Duitbesar. Ada blog ke?