not sure who's disposing, could be the brothers and sisters, since Taib's family is known to be top shareholder in CMSB, but considering the profitability in a nut shell, CMSB seems to be struggling. hopefully, no new court cases anytime soon.
not sure if you guys know about Sacofa, runs by Ragad's son. hahah and it turns out to be complete circus. if Ragad wins over CMSB management, expect a second circus outlet open.
CMSB shareholding: Majaharta. 12.55% Lejla Taib (deceased) 10.33 Lembaga Tabung Haji. 7.34 Swak Econ Dev Corp. 5.67 EPF 3.79 -------- 39.63% Sulaiman legal actions against his step mother were related to the transfer of shares of a private company. Nothing to do with CMSB.
haha so funny trying to cause fear at this time to collect more. we all know anyone can die anytime regardless of their age, no body buy a stock without assuming that this kind of risk always involved
No worries, CMSB phosphate complex will get their licences n start commercial production soon. Then price will uptrend n fly. The total investment for the first phase is about RM898m, funded via shareholder’s equity and long-term loans. The entire complex when completed will have an annual production capacity of 500,000 MT of food, feed, and fertiliser phosphate additives, 100,000 MT of ammonia, and 900,000 MT of coke.
sold all cut loss at 1.05, fundamental significantly changed without monopoly of cement, previous EPS / PE might not be able to sustain in the future, don't want to continue risk here
cmsb might soon have no monopoly on cement a few years from now but cmsb still is still very much undervalued at RM1. No need to panic, just have patience.
KUCHING: Sarawak is expected to see the entry of two major regional cement manufacturers, namely YTL Cement Bhd and SCG International (Thailand), under a bold plan by the state government to strengthen the cement supply chain.
This followed their (YTL Cement and SCG International) signing of a memorandum of understanding (MoU) with Innocement Sdn Bhd, a joint venture between Sarawak Economic Development Corp and Bintulu Development Authority, here last Friday.
SCG is a subsidiary of Siam Cement Group, while YTL Cement is Malaysia’s oldest and biggest cement manufacturer.
Sarawak Premier Tan Sri Abang Johari Tun Openg said Innocement’s mission is to strengthen Sarawak’s cement supply chain and to ensure the long-term reliability of supply and stability of prices of cement in the state.
He said to achieve Innocement’s goals, there must be sufficient supply of cement throughout Sarawak, adding that these supplies can be accessed in a timely and cost-effective manner and that prices are stable and transparent......
He said Sarawak has an undeveloped cement industry as there is currently only one single supplier (CMSB loss its exclusively cement producer in Sarawak now)
“It is imperative for the development of Sarawak to reduce the risk of total dependence on a single supplier to create a healthy competitive environment and that new blood be injected into the state’s cement industry.
“The cement supply chain of Sarawak needs to be strengthened,” he added.
The Premier said with the collaboration with YTL Cement and SCG International, Innocement can fast track the growth and cut short the time-to-market.
YTL Cement has operations across Malaysia, Singapore and Vietnam.
SCG International, on the other hand, has a total cement production of 34 million tonnes across 11 cement plants located in Thailand and throughout the Asean region
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....
Sneakpeek
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Posted by Sneakpeek > 2023-06-15 23:53 | Report Abuse
Tomorrow court gonna give decision on SESCO demand?