A company with good product mix but lost its direction. Quarrel with their energy supplier n not able to get licences for it's phosphate mining products.
Sesco terminating electricity to CMP is against the goverment policy of providing employement to Sarawakian, sooner o later Sesco have no choice other that to reinstate electricity supply back, I bet now Secso board are under tremendous pressure and someone or few of them will be ask to leave soon.
That phostpate plant can generate 2000 jobs for sarawakian, not sure what are the intention of current Sarawak goverment , looks like more of getting back to Taib & family
further , Sesco action are against national interest of reducing billions of $US of Phosphate import which makes Malaysia balance of payment unattractive and depreciation the RM , can someone write to the PM & Razifi please
some funds is abviously is collecting at the same time there is a major seller , need to wait until the selling is done , sooner or later sure the Phoshpate plant will be operational which will bring at least addtional RM150m profit and together with the new clinker another RM80m Profit (both just estimate), long term looks good no doubt about it.
Easily can reach RM is the Phoshpate and the new clinker is operational, the management should talk to Sesco to get it operational ASAP, why not just pay the 266m and court case still ongoing.
Key support now at 1.00 and 0.97. If it holds, look forward to further upside. Covered CMSB in my 5 charts in 5 minutes on Youtube. Do watch and support. Thanks. https://youtu.be/hOmRGN_sGLQ
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....
sivapakiam311056
369 posts
Posted by sivapakiam311056 > 2023-07-21 17:21 | Report Abuse
competition is good, time for cmsb to buck up or loose to their competitors, YTL IS AN ESTABLISED cement player in Peninsular Malaysia