Donggeng saja..Cement from sarawak also need ship to nusatara.. the price won't so cheap as well. A lot ppl thought got land access from sarawak to nusatara. Hahahahahaha
We recently visited Malaysia Phosphate Additives (Sarawak)’s (MPAS) integrated phosphate facility in Samalaju Industrial Park (SIP), and came away feeling upbeat.
Proposed utilisation of the proceeds from the Proposed Disposals, Future acquisitions / investments RM 131,655,000 Capital expenditure RM 105,675.000 Working capital RM 263,310,000 Estimated expenses RM 25,980.000
No dividend is declared from the disposal proceeds amounted to RM 526,620,000 :-(
due to the very poor dismissal performance of cmsb, and also their good retained earnings, at least they should have rewarded the shareholders, very disappointing,really
Hi unomi, Agree with your assessment. Sarawak state government is budgeting a capex spending of RM100bil till 2030 which would provide ample opportunity to CMSB especially given the direct strategic collaboration that it has with the State. FYI, Sarawak Economic Development Corporation (SEDC) is a major shareholder in CMSB with 5.7% holdings. But more importantly, CMSB construction business is actually a JV between the company and SEDC via both SEDC Resources Sdn Bhd and PPES Work (Sarawak) Sdn Bhd. SEDC is actually the majority owner of both companies with 51% (CMSB owns the remaining 49%). You would assume that Sarawak State would probably award a big portion of any construction contracts to these companies first given their direct interest in them.
There is an article in the Edge Weekly that just came out today. The title is "Petronas US$400 mil drilling fluids tender likely to be out soon". Apparently the front runner for this contract is CMSB via the newly acquired O&G business from Scomi. I was wondering why they decided to buy the O&G business from Scomi. Hats off to management if they really end up winning the RM1.8 bil contract from Petronas.
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Posted by sivapakiam311056 > 2022-07-18 16:56 | Report Abuse
will this counter ever move up ? Never seen anything like this ?