Posted by tingpangeng > 2022-03-19 19:43 | Report Abuse

分析：马银行投行研究

目标价：1.27令吉

最新进展

砂查也马特（CMSB，2852，主板工业股）建议以2100万令吉，收购史格米能源服务（SCOMIES，7045，主板能源股）旗下史格米油田（Scomi Oilfield）相关公司与资产。

上述收购预料于今年第3季完成；砂查也马特也将借着此次收购机会，进军史格米油田提供的钻井支援服务业务。

行家建议

砂查也马特收购的史格米油田，是一家亏损的公司集团，收购也没有披露转盈计划，盈利风险让人担忧。

史格米油田已经连续3年蒙受亏损，最新的2021财年亏损1480万美元（约6219万令吉）；而且净负债高达3860万美元（约1.62亿令吉）。

除了盈利风险，我们也担心此次收购将侵蚀砂查也马特的资产负债表；目前尚未知道，该集团是否需要继续为新收购注资。

砂查也马特认为，此次收购可助集团进军油气领域，并透过史格米油田业务范围内的15个市场，扩大触及范围。

然而，我们目前并未看到任何收购带来的企业联动和增值。

我们并未修改砂查也马特的盈利预测，但将目标价，从原本的1.84令吉，大幅调降至1.27令吉，并降级至“守住”。

目标价相当于2022财测7倍本益比，较平均值低1个标准差，反映了我们对此次收购的担忧。

Posted by tingpangeng > 2022-03-19 19:45 | Report Abuse

Maybank IB reduce TP from 1.84 to 1.27. Well done Sulaiman, bravo .

Posted by sivapakiam311056 > 2022-03-21 16:23 | Report Abuse

1.27 ? can we have the source of this information?

Posted by tingpangeng > 2022-03-21 16:59 | Report Abuse

Sinking ship, abandon b4 too late

Posted by Eric Lim > 2022-03-21 17:18 | Report Abuse

接盘侠

Posted by winsenlim68 > 2022-03-21 18:09 | Report Abuse

Good
1. Sarawak development – local based CMS will be beneficiary for its business involvement in cement, construction, construction materials trading, road maintenance, property, telecommunications including 5G, Petros (think that is why the proposed acquisition)
2. OM – commodity prices still looking good for this year
3. Governance – considered as quick enough to fix (as u see some companies drag the issues for long, not good for business)
4. If MPAS can be start production anytime soon

Not so good
1. If covid comes again & affect economy

Posted by khairibin44 > 2022-03-21 18:14 | Report Abuse

quite safe this price

Posted by iyin666 > 2022-03-22 21:58 | Report Abuse

NTA - Rm2.80. Cash at Bank Rm545 millions or 51 sen . per share. Investment in associate company n joint venture - about Rm1.3 billions or 1.21 per share. Short term security investment - Rm407 millions or 21 sen per share. Not only quite safe, it's very undervalued due to its upcoming projects, govt approval for its cement price increase, better dividend payout ,etc ,etc

Posted by 1288 > 2022-03-23 09:33 | Report Abuse

https://www.theedgemarkets.com/article/cement-price-hike-due-raw-material-price-increases-says-cima The current hike in cement prices is due to price increases of raw materials used in the manufacturing process, especially coal, in the international market, said Cement Industries of Malaysia Berhad MD Sharuddin Omar Hashim. He said raw materials are experiencing price hikes, including coal which now comprises 30% to 40% of the cost of cement production, thus leaving manufacturing companies no option but to raise prices. (Edge Markets)

Posted by 1288 > 2022-03-23 09:37 | Report Abuse

yes noticed the NTA as well, current price is way below that. not talking abt any future growth, the current price is below its current value. good to hold

Posted by sivapakiam311056 > 2022-03-23 12:40 | Report Abuse

DIRECTORS AND MANAGEMENT KEEPING SO QUIET AND NOT TAKING ANY ACTION TO ADDRESS THE SITUATION

Posted by sivapakiam311056 > 2022-03-23 12:59 | Report Abuse

shareholders should give CMSB directors a tough time this coming AGM

Posted by 1288 > 2022-03-23 13:05 | Report Abuse

https://www.klsescreener.com/v2/news/view/967959/shell-inks-three-pscs-with-petronas-to-explore-o-g-offshore-sabah-sarawak Sabah Shell Petroleum Company Ltd (SSPC), Shell Sabah Selatan Sdn Bhd (SSS) and Sarawak Shell Bhd (SSB) have signed three production sharing contracts (PSCs) with Petroliam Nasional Bhd (Petronas) to explore oil and gas offshore Sabah and Sarawak.

Posted by iyin666 > 2022-03-23 16:44 | Report Abuse

Yesterday lots of RSS n PDTs short selling. Those who short by borrowing scrips will hv to buy back.

Posted by kisord > 2022-03-24 10:48 | Report Abuse

interesting, May I know how you know about RSS and PDTs short selling in this counter ? What is the cumulative shorts now ? Thank you for your guidance.

Posted by kisord > 2022-03-24 10:51 | Report Abuse

The stock has been dropping for a while and I guess most of the investors are losing money now. Need more patience perhaps.

Posted by tingpangeng > 2022-03-24 12:32 | Report Abuse

Switch counter.No point to guard a tree-stump waiting for rabbits and climb a tree to catch fish, lol. 守株待兔，緣木求魚！ 真是浪费了时间及机会.

Posted by iyin666 > 2022-03-24 16:10 | Report Abuse

The first SPA is for the acquisition of Oilfield and its nine subsidiaries as well as a 48% equity interest in Scomi KMC Sdn Bhd (“Scomi KMC”) from Scomi Energy for a cash consideration of RM13.5 million. The second SPA involves Oiltools International acquiring from Scomi Oiltools Sdn Bhd (Receiver & Manager appointed) (“SOSB”) a 4% equity interest in Scomi KMC, 25% equity interest in Scomi Oiltools Gulf W.L.L. and 25% equity interest in Continental Wire Cloth (Malaysia) Sdn Bhd (formerly known as Global Oilfield Products Sdn Bhd) for a cash consideration of RM2.6 million. Through the first and second SPAs, Oiltools will hold 52% equity interest in Scomi KMC.

The third SPA is for the acquisition of a 5-storey shop office located in Dataran Prima, Petaling Jaya, Selangor by Oilfield International from SOSB while the fourth SPA is for Oilfield International’s acquisition of the inventory and equipment from SOSB for a total cash consideration of RM3.0 million and RM1.9 million respectively.

For the period under review, Scomi Oilfield Ltd revenue was higher than the corresponding period
in the preceding year by approximately RM1.6 million. The marginal increase was
mainly attributed to the improving performance in India and Pakistan.
The Group reported a pre-tax loss of RM3.4 million for the period under review against
the pre-tax loss of RM29.4 million for the corresponding period. The higher pre-tax
loss in the preceding year was mainly a result of unrealised foreign exchange loss for
the period amounting to RM17.7 million.

Posted by unomi12 > 2022-03-24 20:54 | Report Abuse

CMS will also not be taking on additional debt with the acquisition and plans to fund it via internal funds.

SOL provides drilling fluids and drilling waste management services catering to the oil and gas (O&G) industry. According to sources, the company has a healthy orderbook, which will keep it busy for the next one-and a half years. As for tenders, it is believed to be bidding for some US$200-US$300mil (RM840.4mil-RM1.26bil) worth of projects over the next six months.

Could CMS acquiring SOL because of future participating in Petronas tender?
Seems like there is a purpose of acquire the company, buying those assets may expand the business plan especially CMS has a broader network.

Posted by unomi12 > 2022-03-24 20:56 | Report Abuse

especially the oil price keep surging , production is ramping up

Posted by sivapakiam311056 > 2022-03-25 15:07 | Report Abuse

but price still so stagnant for so long

Posted by sivapakiam311056 > 2022-03-25 15:07 | Report Abuse

too long already

Posted by sivapakiam311056 > 2022-03-25 15:16 | Report Abuse

such a struggle to move up

Posted by sivapakiam311056 > 2022-03-25 17:36 | Report Abuse

1.09 TO 1.12 range and thats it end of the day back 1.09, status quo

Posted by tingpangeng > 2022-03-25 19:20 | Report Abuse

No longer appealing , lost the glister. Game over for this once upon a time an undisputed blue eyes of The Land of the Hornbills.

Posted by kapkaplui > 2022-03-28 07:05 | Report Abuse

Another highway in the works.

https://www.thevibes.com/articles/news/57231/sarawaks-highway-project-along-kalimantan-border-in-design-stage

Posted by sivapakiam311056 > 2022-03-28 09:28 | Report Abuse

CMS TO AMS AIR MATA SARAWAK

Posted by sivapakiam311056 > 2022-03-28 09:31 | Report Abuse

So far even with all the positive news the price still remains stagnant

Posted by unomi12 > 2022-03-28 10:13 | Report Abuse

Strong support , need to be patient for this counter.

Posted by sivapakiam311056 > 2022-03-28 17:32 | Report Abuse

even much below, NTA PRICE, very very long patience, maybe can safe this counter for our grandchildren

Posted by freddiehero > 2022-03-28 18:13 | Report Abuse

Hari Hari kantao..

Posted by unomi12 > 2022-03-28 20:52 | Report Abuse

Government to spend RM 3B on 5G in Sarawak , Sacofa should be benefiting this. I wonder when this gem will wake up.

Despite all the cement increase price , highway update , and ramp up OM Sarawak production .

Not to mention Kenanga share is also moving uptrend , which cmsb owns 19% stake of it

Posted by 1288 > 2022-03-29 16:37 | Report Abuse

value investment does not come overnight, most important is enter at a good price

Posted by Gizaa > 2022-03-29 18:24 | Report Abuse

cannot too ego

Posted by sivapakiam311056 > 2022-03-29 19:58 | Report Abuse

this counter is in deep comatose stage even no stock analyst reporting on CMS

Posted by sivapakiam311056 > 2022-03-30 09:39 | Report Abuse

can still sell a single transaction for 1.5m lots @ such a ridiculous price, donno what more to say

Posted by unomi12 > 2022-03-30 16:02 | Report Abuse

wait for the sarawak and kalimantan highway announcement, this share will fly soon.

Its already in the discussion table.

Posted by The_JQuestion > 2022-03-30 16:09 | Report Abuse

Wait wait waittt but cms have scandal btr wait lo

Posted by The_JQuestion > 2022-03-30 16:09 | Report Abuse

rmb serba ??>> not too long ago HEHE same table people

Posted by unomi12 > 2022-03-30 16:26 | Report Abuse

the scandal already resolved. Not under any investigation. Dont simply split fake news. lol

Posted by sivapakiam311056 > 2022-03-30 16:30 | Report Abuse

THE- Cannot compare with SERBA lah, CMSB Balance Sheet is still v strong

Posted by sivapakiam311056 > 2022-04-04 15:03 | Report Abuse

now 1.12 end of the day, back to 1.08-1.09

Posted by tamp0i > 2022-04-04 16:44 | Report Abuse

Side ways since 7 March.... Confirm something big happening soon lor, wait for overall construction/global momentum only mah sabar lah... Load up your trucks first

Posted by lawpc128 > 2022-04-05 07:30 | Report Abuse

If big seller tabung haji continue to sell, price will not move up

Posted by software guy > 2022-04-05 09:55 | Report Abuse

CMSB will not exceed 1.15 before 28 Jun 2022, hopefully I'm wrong.

Posted by sivapakiam311056 > 2022-04-05 16:30 | Report Abuse

Donno what is holding back this counter from moving up?

Posted by dompeilee > 2022-04-06 09:57 | Report Abuse

Bought back CMSB @ 1.09-1.12 that I SOLD from 1.22-1.30 last yr. Recommended to premium clients last wk.

Posted by tamp0i > 2022-04-06 10:13 | Report Abuse

Apa cerita kawan2? Sudah beli kah belum? Naik kapal lah apa lagi... Kekekeke

Posted by dompeilee > 2022-04-06 11:50 | Report Abuse

1.18 =)

Posted by dompeilee > 2022-04-06 16:30 | Report Abuse

1.19 =D