Fintec as well as Netx and Cmsb are all undervalue
Cmsb has a long term advantage by virtue of 2 monopolies
1. Major cement player in East Malaysia with few competitors. Future supply to modernising Brunei. Also Indonesia shifting its capital to kalimantan will see lots of demand for cement
2. Sacofa has a monopoly in Telco towers for broadband transmission. Especially all along the pan Borneo highway will all be wired up with fiber optic cables.
Cmsb also has the advantage of cheap hydro power. It was cheap hydro power that helped pm metal to be so competitive due to so cheap source of energy
I do agree that CMSB has monopoly in cement sector but it is limited only to Sarawak Region. However, currently cement sector is facing squeezed margin.
Secondly, Pan Borneo Highway is still far from completion, not to mention proper lighting along the highway. Therefore, the fiber optic thing is far from the vision.
Unlike dutchlady and f&n facing saturation. Govt taxing sugar is forcing F&n to go into milk production a very big way. This will eat into dlady margin
For cmsb it is a monopoly with vast potential for future expansion
I bought Lafarge at Rm2. 25 when I saw ecrl restarting
Suddenly Ytl took over Lafarge and then it was chased up to Rm4. 50 for a 100% upside
With so great potential ahead there is no telling some entity will also offer to take cbsb private
I think cmsb is worth more than Lafarge in intrinsic value
So I buy wherever and whenever I see value
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2909 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
56,026 posts
Posted by calvintaneng > 2019-11-12 15:06 | Report Abuse
Kenanga owns the online trading arm of rakuten