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
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.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2938 views | 2 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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
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Posted by sivapakiam311056 > 2023-07-17 12:17 | Report Abuse
more competition for cmsb, as now they are the sole supplier of cement