Posted by Rosen Stella > 2021-10-28 00:14 | Report Abuse

Cement price going to hike 1/11 , good news for cmsb

Posted by repco_lau > 2021-10-28 00:27 |

Post removed.Why?

Posted by Luckyboy88 > 2021-10-28 01:18 | Report Abuse

I have been holding since July 2021.

CMS latest 6 quarters net profits :
47.4m + 77.8m + 114m + 46.7m + 16.7m + 17.3m
Total = 319.9m / 6

Av per quarter = 53.31m ( 18 months period)

I hope ur mid-term falls within the 18 months time frame.

*** remember, CMS operated in many covid restricted environments during this period and coming result should improve as explain in earlier post. ( recovery theme /full force operation). CMS passed the duress test with flying color.

One need to understand what had caused this blue chip to trade at current price. If not because of the alleged miss management occured there is no way u can get this barginal price.

*** I believed CFO saga is within means of cahaya( min damage) and moving forward this company can produces more 50m net profit each qr.

If u agree, why not.

This counter have been trending up since 1.03. I predict the worst correction will be at 1.33.

Support at 1.39 is very crucial. If break just wait lower but if it can hold price will cont moving up from here depend on sentiments, news and result.

I'm hoping KPMG can provide us (investors) the report with no further delay. We have to face it, sooner the better for clarity purposes.

Good luck!

Posted by Luckyboy88 > 2021-10-28 01:43 | Report Abuse

We are buying CMSB's FUTURE!!!

Posted by The_JQuestion > 2021-10-28 02:56 | Report Abuse

what a month for sarawaak stoksss
First is SB,nexxt scib and now CMS turn....Alll killed by KPMG LOL

Posted by Luckyboy88 > 2021-10-28 04:38 | Report Abuse

Monkey see, monkey do!

U must have read too much comments in SD, scib or kpower. Make u confused too.

What is the definition of a Company origin means?
1) by means of citizenship or states of its founders?
2) by location of company HQ?
3) by majority revenue company generate from according to geographical region?
4) registration record in CCM or Suruhanjaya Syarikat Malaysia -(SSM)

For SD,
1) Is Karim a Sarawakian? I only know he started his career in Bintulu be4 setting up Serba.
2) Sek 14,S. Alam, Selangor
3) 2/3 annual revenue from UAE
4) same as 2)

Every 1 knows why the 3 companies falls. Its because Pak Karim holds the controlling stakes in every1 of them. Do Karim got stakes in cahaya?
SCIB and Kpower are half submerged listed companies be4 Karim buying in in 2019. I know Karim brought over Lee Chong Wei's brother shares in Kpower.

***check out the earning of both companies from 2014 till 2018. Sucks! Man, plenty sole proprietorship, sdn bhd or individual professional earn better. LOL!
U think Karim superlan power. He use u bill me, I bill u, we bill together to make it nice. I still wondering why so many naive ppls got trap. (GREED). Yes SCIB got the word Sarawak. If eg Biport, SOP got tremendous qr record, share price meletup, SCIB must rise too even losing money? Come on! I already very polite not using the ### word.

*** CMS had delivered a consistent NPAT of Min 160m to max 265m from 2014 to 2018.

Same meh? Dun pretend to be stu...

*** CMS invite/tasks KPMG to do investigation audit ( big 4) where else SD downgrade to Nexia as it external audits, knowing KPMG got the reputation of cannot be brought over or compromise their professionalisme.

LUCKYBOY got many backup, friends in i3 and FACTS!!

Posted by Luckyboy88 > 2021-10-28 05:09 | Report Abuse

Go sum up the total profits for past ten years of scib plus kpower. No even close to 1 year cmsb income.

Posted by wssvin > 2021-10-28 08:37 | Report Abuse

well say,Luckyboy88..
will buy more to keep
Buying for CMSB's future too.. Thanks Bro

Posted by nissansuny1234 > 2021-10-28 08:43 |

Post removed.Why?

Posted by monetary > 2021-10-28 08:46 | Report Abuse

Today most likely Tabung HJ will continue to sell. Lets endure it for another 2days.

Posted by LogicTradingAnalysis > 2021-10-28 09:55 | Report Abuse

good news coming

Posted by LogicTradingAnalysis > 2021-10-28 09:56 | Report Abuse

many road maintenance start on going in sarawak, good sign, coming qr surely good.

Posted by The_JQuestion > 2021-10-28 12:30 | Report Abuse

Good news is for sure coming but the more serious news is KPMG audit LLLOLL wait la better be safe than sorry....Already proven for now avoid untung sikit btr than rugi banyak
still safe entrty after Audit issure resolved

Posted by TedTock > 2021-10-28 13:20 | Report Abuse

Key fact: cmsb engaged kpmg to do the audit on it’s own. It wasn’t under the instruction of bursa or sc.

Posted by jolynce > 2021-10-28 13:28 | Report Abuse

whatever you do, just remember to set your stop loss.

Posted by monetary > 2021-10-28 13:56 | Report Abuse

I can foresee tat once kpmg report is announced without much hanky panky panic buying will happen. like...

Posted by monetary > 2021-10-28 15:19 | Report Abuse

the whole day standoff. are we expecting last hour push?

Posted by monetary > 2021-10-28 16:51 | Report Abuse

It's called shacking the rambutan tree. All rambutan fell on the ground. Hehe....

Posted by charlie chia > 2021-10-28 18:33 | Report Abuse

Hope tomorrow will move up

Posted by CHLEONG888 > 2021-10-28 23:12 | Report Abuse

Yes,may surprise everybody tomorrow

Posted by monetary > 2021-10-29 08:09 | Report Abuse

today is the day. kpmg report very likely to b announced.

Posted by Calvin882 > 2021-10-29 09:54 | Report Abuse

Earlier they only mention expected to be released by Oct. Thus not necessarily will be release by today. But I have high hope based on the recent trend.

Posted by Gizaa > 2021-10-29 10:44 | Report Abuse

cannot up already this counter, too many retailer

Posted by Calvin882 > 2021-10-29 10:49 | Report Abuse

Be patient lar. Its still on up trend.

Posted by monetary > 2021-10-29 12:02 | Report Abuse

those have heavy position will sell some. risk management. once things are cleared will buy back. normal.

Posted by treasurehunt > 2021-10-29 12:30 | Report Abuse

Agreed with Calvin 882. Uptrend remains intact.

Posted by sims > 2021-10-29 13:28 | Report Abuse

reply to ms jenny.
MPA already in prod mode in july 21, should know its contribution (60%) by end of nexy mth.

same go with recognition of OMH contribution

Posted by Jenny > 2021-10-29 14:51 | Report Abuse

MPA delay 还没投入生产。

The Malaysian Phosphate Additives Sarawak (“MPAS”) project has not been progressing as scheduled due to technical and commissioning issues, the extent of which are being assessed and solutions being actively worked at. The Company is evaluating all options on the future direction of the MPAS project.

Posted by furionstormrage > 2021-10-29 14:52 | Report Abuse

@sims

Please do not spread fake news. I am also shareholder of CMSB. The Q2 result clearly stated no progress on MPAS plant as of August 2021. They are still waiting for engineers from China to do commissioning of machinery. A more hopeful date for MPAS to commission will be by year end. Other divisions are recovering but facing shortage of manpower due to Covid SOP and foreign workers intake limitation. Hopefully the cases comes under control and government can open up intake of foreign workers.

Despite all the setbacks, the current price point is still very much undervalued for CMSB.

Posted by Jenny > 2021-10-29 14:58 | Report Abuse

如果MPA开始投入生产，对cmsb 是positive 的。MPA现在亏损着是因为运营成本高，upfront 请了一批人但是还不能开工。

Posted by Jenny > 2021-10-29 15:01 | Report Abuse

管理层雄心壮志

As we move forward with a clear growth strategy, a strengthened leadership, the financial discipline to ensure a strong cash position and low gearing, closer collaboration with the State Government and an ambitious development agenda by the State Government, I am confident that CMS is on track to achieve our target of RM500 million in PATNCI per annum by 2024.

Posted by treasurehunt > 2021-10-29 15:10 | Report Abuse

MPA 這個項目已經延遲了兩三年. 如果明年能正式開始營運就已經算不錯了.

Posted by Jenny > 2021-10-29 15:18 | Report Abuse

快的了，目前在训练第一批工人，毫无意外Dec开始投入生产。

Posted by warrenchok90 > 2021-10-29 15:25 | Report Abuse

hi I came back...

Posted by monetary > 2021-10-29 16:06 | Report Abuse

Jenny. U are insider?

Posted by Jenny > 2021-10-29 16:19 | Report Abuse

我有朋友在里面做工程的啦。就打探下咯

Posted by treasurehunt > 2021-10-29 16:29 | Report Abuse

看起來還不錯。我最壞的打算是整個MPA的項目會註銷一次過的虧損.

Posted by sims > 2021-10-29 17:10 | Report Abuse

https://www.thestar.com.my/business/business-news/2021/06/08/mpas-targets-integrated-complex-to-begin-full-production-by-july

my mistake, but this was the reference.

Posted by treasurehunt > 2021-10-29 19:07 | Report Abuse

Extended another month for investigator.. No hurry.

We refer to the Company's announcement on 30 August 2021 on the on-going legal investigations on the Group Chief Financial Officer following a review into the financial management of certain past investment and contracts. The investigators have requested for more time to complete their work and the Company has agreed to it. The Company expects the complete results of the review to be announced by the end of November 2021.

Posted by zhi han sew > 2021-10-29 19:21 | Report Abuse

（吉隆坡29日讯）为确保持续加强振兴经济复苏的努力，政府将继续执行总值35亿令吉的国家基础设施发展项目，包括泛婆罗洲大道（Pan-Borneo Highway）和中枢大道（Central Spine Road）。

财政部长东姑扎夫鲁在国会宣布2022年财政预算案时说，为了让公私伙伴关系进一步推动高影响力的基础设施发展活动，政府已拨出2亿令吉的初始资金，让首相署公私伙伴合作单位监督成立的第三个基础设施促进基金。

他说，邦州和直辖区之间的发展平衡，对于确保“大马一家”所有成员，都能享受发展成果，是非常重要的。


(Kuala Lumpur, 29th) In order to ensure continued efforts to revitalize the economy, the government will continue to implement the RM3.5 billion national infrastructure development projects, including Pan-Borneo Highway and Central Spine Road. ).

In announcing the 2022 Budget in Parliament, Finance Minister Tunku Zafru said that in order to allow public-private partnerships to further promote high-impact infrastructure development activities, the government has allocated an initial fund of RM200 million for the Prime Minister to appoint public-private partners. The third infrastructure promotion fund established under the supervision of the cooperating unit.

He said that the balance of development between the state and the municipality is very important to ensure that all members of the "Malaysian Family" can enjoy the fruits of development.

Posted by treasurehunt > 2021-10-29 20:07 | Report Abuse

Windfall tax does not have much impact to mid company like CMSB since its PBT max 250 million in 2022.

Posted by monetary > 2021-10-29 20:19 | Report Abuse

tomorrow all funds from other construction stocks flow into CMS

Posted by Jenny > 2021-10-29 20:31 | Report Abuse

sarawak 分到46亿来发展基建喔。

Posted by sivapakiam311056 > 2021-10-29 21:38 | Report Abuse

this investigation is taking too long, now another month more to complete their investigation

Posted by sivapakiam311056 > 2021-10-29 21:40 | Report Abuse

investors have waited so long to make an informed decision on the stock waiting anxiously on the outcome of the investigations

Posted by sivapakiam311056 > 2021-10-29 21:42 | Report Abuse

lets hope Nov 2021 is final n no more extension request after this

Posted by TedTock > 2021-10-29 22:09 | Report Abuse

The kpmg report is immaterial at this point. It’s business as usual pretty much. Bursa wont suspend them if they dont issue it. This is not like the other company’s situation.

Posted by treasurehunt > 2021-10-29 22:37 | Report Abuse

KPMG MRC completed its reports at the end of August 21. Investigators are checking the contracts of losses and written off that happened in the previous year. It is now Investigators (most likely forensic audit team and Prosecutor ) continue their tasks of gathering evidences in charging previous managements to the court.

CMSB reported to the police of the allegations in April 21.

We refer to the Company's announcements on 5 May 2021, 3 June 2021, 8 June 2021 and 2 August 2021 on the suspension of Mr Syed Hizam Alsagoff, the Group Chief Financial Officer of the Company and appointment of KPMG Management & Risk Consulting Sdn Bhd ("KPMG MRC") as the independent consultant to review the financial management of certain investment and contracts. Whilst KPMG MRC has completed its reports, the legal investigations of the said investments and contracts are still ongoing. The Company expects the complete results of the review to be announced by the end of October 2021.


The Board of Directors of Cahya Mata Sarawak Berhad dated May 6, 2021
CMS Deputy Group Chairman agrees to Board request to stay on
The Board of Directors of Cahya Mata Sarawak Berhad (“CMS” or “the Group”) has passed a resolution requesting Deputy Group Chairman Dato Sri Mahmud Abu Bekir Taib to continue his service with the Group and not to take leave of absence as announced on Thursday April 22, 2021.
Dato Sri Mahmud had on April 22 tendered his request for leave of absence in relation to reports lodged with the relevant authorities following whistle-blower allegations.
While the Board is grateful for his gesture of seeking leave of absence, we have reviewed the situation and resolved that there is no need for him to do so.

Dato Sri Mahmud has agreed to the Board’s request and we have informed the authorities accordingly.

The Board also wishes to announce that the Board is completely satisfied that the allegations of conflict of interest made against Dato Sri Mahmud and Karl Vink, former CMS chief information officer, in relation to the award of the contract by CMS I-Systems Sdn Bhd, a wholly owned subsidiary of CMS, to Vienna Advantage GmbH are without any basis whatsoever.

Posted by treasurehunt > 2021-10-29 22:39 | Report Abuse

We refer to the Company's announcement dated 5 May 2021 and the query from Bursa Malaysia Securities Berhad dated 6 May 2021 ("Query") in relation to the same.



The Company wishes to provide the following additional information pursuant to the Query:



1. Duties of the Group Chief Financial Officer ("GCFO") will be taken over by our General Manager, Group Finance - Madam Tan Mei Fung who has been with the CMSB Group for 24 years and has the requisite experience and knowledge to assume the role in the interim.



2. Concerns have been expressed to the Board on substantial investment and contract losses which have been accounted for and reported in our audited financial statements for 2016, 2017, 2019 and 2020. The nature of these transactions will be subject to review by an external consultant to be appointed by the Company.



3. CMSB is working on the appointment of an external consultant to undertake the investigation. The Terms of Reference ("TOR") are being drafted and expected to be completed within this week.



4. As stated under item 3 above the TOR are being finalised and the schedule for completion will be agreed with the external consultant to be appointed by middle of May 2021. The more important task of the external consultant, is to review whether there were sufficient effective controls and risk mitigation measures in place to ensure that there are no future recurrences.



5. None. As stated under item 2 above, these are historical losses which have been accounted for and reported in our audited financial statements for 2016, 2017, 2019 and 2020.



This announcement is dated 6 May 2021.

Posted by Jenny > 2021-10-29 22:39 | Report Abuse

是的，合约的调查报告已经完成了，管理层也说了之前的亏损已经被记录在前年的账务里。现在正调查着都是关于法律程序的调查，是不是要起诉CFO之类就看KPMG的报告了。和serbadk的案子完全是两回事。CMSB 这个是小case屎压根和假账完全扯不上关系。就给时间KPMG 慢慢调查吧，不急。呵呵。