CAHYA MATA SARAWAK BHD

KLSE (MYR): CMSB (2852)

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Last Price

1.20

Today's Change

+0.03 (2.56%)

Day's Change

1.16 - 1.20

Trading Volume

1,995,300


14 people like this.

9,721 comment(s). Last comment by Kitty28 22 hours ago

4646

119 posts

Posted by 4646 > 2014-06-26 12:31 | Report Abuse

drop!

winwin007

232 posts

Posted by winwin007 > 2014-06-26 15:10 | Report Abuse

i just bought but drop!!

michealc

173 posts

Posted by michealc > 2014-06-26 17:10 | Report Abuse

what happened??every day drop...

michealc

173 posts

Posted by michealc > 2014-06-26 17:13 | Report Abuse

big boss.....come out push up the prices to make some confidences!!!

cspettham

23 posts

Posted by cspettham > 2014-06-26 17:47 | Report Abuse

Buy and keep, buy more when it is down, don't look at the screen the whole day. This counter has help me make more than 200k over the past 1 year....don't sell!

8wpwtmt8

2,949 posts

Posted by 8wpwtmt8 > 2014-06-26 19:09 | Report Abuse

kwl8888, by what time on this Friday our CDS account will have the extra bonus/split issues?

ktjaven

331 posts

Posted by ktjaven > 2014-06-26 20:21 | Report Abuse

Waiting to buy at 3.45...

8wpwtmt8

2,949 posts

Posted by 8wpwtmt8 > 2014-06-26 20:49 | Report Abuse

Please enlighten me, it is stated that the entitlement date is 26.06.14 as at 5.00 pm. How come when I check my hlebroking internet trading system, it still shows 1000 units instead of 3,000 units? Now it is already 9 pm.

cspettham

23 posts

Posted by cspettham > 2014-06-26 21:05 | Report Abuse

After 12 am

8wpwtmt8

2,949 posts

Posted by 8wpwtmt8 > 2014-06-26 21:09 | Report Abuse

TQ cspettham. I will try again at 12 am.

Posted by Tan Choon Chuan > 2014-06-26 21:14 | Report Abuse

THE SHARE WILL LISTED TOMORROW ONLY

MULTIPLE PROPOSALS CAHYA MATA SARAWAK BERHAD (“CMSB”) (I) SUBDIVISION INVOLVING THE SUBDIVISION OF EVERY ONE (1) EXISTING ORDINARY SHARE OF RM1.00 EACH IN CMSB INTO TWO (2) ORDINARY SHARES OF RM0.50 EACH IN CMSB (“SUBDIVIDED SHARE(S)”) (“SUBDIVISION”); AND (II) BONUS ISSUE OF 345,420,140 NEW SUBDIVIDED SHARES (“BONUS SHARES”) AFTER THE SUBDIVISION ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) SUBDIVIDED SHARES HELD IN CMSB (“BONUS ISSUE”)

CAHYA MATA SARAWAK BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description CAHYA MATA SARAWAK BERHAD (“CMSB”)

(I) SUBDIVISION INVOLVING THE SUBDIVISION OF EVERY ONE (1) EXISTING ORDINARY SHARE OF RM1.00 EACH IN CMSB INTO TWO (2) ORDINARY SHARES OF RM0.50 EACH IN CMSB (“SUBDIVIDED SHARE(S)”) (“SUBDIVISION”); AND

(II) BONUS ISSUE OF 345,420,140 NEW SUBDIVIDED SHARES (“BONUS SHARES”) AFTER THE SUBDIVISION ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) SUBDIVIDED SHARES HELD IN CMSB (“BONUS ISSUE”)
We refer to the announcements dated 31 March 2014, 4 April 2014, 14 April 2014, 21 April 2014, 22 April 2014 and 15 May 2014 in relation to the Subdivision and Bonus Issue.

On behalf of the Board of Cahya Mata Sarawak Berhad (“CMSB”), Kenanga Investment Bank Berhad wishes to announce that based on the entitlement date of 26 June 2014:
the number of Subdivided Shares to be listed and quoted on 27 June 2014 is 690,840,280 Subdivided Shares pursuant to the Subdivision; and
the number of Bonus Shares to be listed and quoted on 27 June 2014 is 345,420,140 new Subdivided Shares pursuant to the Bonus Issue after the Subdivision.

For information purposes, the enlarged issued and paid-up ordinary share capital of CMSB will be 1,036,260,420 Subdivided Shares as at 26 June 2014 pursuant to the Subdivision and Bonus Issue.

The above will take effect from 9.00 a.m. on Friday, 27 June 2014, being the next market day immediately after the entitlement date for the Subdivision and Bonus Issue on Thursday, 26 June 2014.
This announcement is dated 26 June 2014.

steady

649 posts

Posted by steady > 2014-06-26 21:15 | Report Abuse

that's why more shares coming in, so many rather to sell first. This is normal scenario.

Posted by Tan Choon Chuan > 2014-06-26 21:16 | Report Abuse

Mostly tomorrow will be another red day

Posted by i33investor > 2014-06-26 21:27 | Report Abuse

CMSB Good FA company n Good chart ..buy when drop

cspettham

23 posts

Posted by cspettham > 2014-06-26 21:49 | Report Abuse

8wpwtmt8 , After 12 am, you may not be able to login, especially Maybank2u for a couple of hours. Normally mb will be updating the data and system maintenance just after 12am, pending any unforeseen circumstances as the above announcement from Bursa stated, you should be able to see your additional shares reflected in your account b4 9am 2morow. Happy Trading.

8wpwtmt8

2,949 posts

Posted by 8wpwtmt8 > 2014-06-26 22:21 | Report Abuse

Thanks cspettham.

johnny cash

6,400 posts

Posted by johnny cash > 2014-06-27 09:56 | Report Abuse

MONEY TALK

CAHYA MATA SARAWAK (CMS MK)

Bonus Time

Following a share split and a bonus issue, Cahya Mata Sarawa’s (CMS) trading
liquidity should improve significantly as a result of the three-fold increase in its
share base. We expect share price to be well supported, ahead of the highly
anticipated OMS plant opening in Aug 14. Despite solid long-term fundamentals
underpinned by SCORE investments, we recommend a HOLD due to its stellar
share price performance (+65% ytd). Target price: RM3.49. Entry price: RM3.00.
WHAT’S NEW
 Ex-bonus on 24 June. To improve trading liquidity and to reward shareholders
for their continuing support, CMS has proposed a 1:1 share split followed by a 1:2
bonus issue in Apr 14. Following shareholders’ approval at its EGM, CMS’s share
base will increase by three-fold from 340m shares to 1,021m shares.
 All eyes on OMS plant opening. The highly-anticipated OM Sarawak (OMS)
ferroalloy plant is slated to begin operations in Aug 14. We gather that the plant
will take 12 months to ramp up to its full annual production capacity of 308,000mt.
Interestingly, we note the share price of its JV partner OM Holdings (OMH AU)
has appreciated by 30% since early-June, ahead of the plant’s opening.
 Signed EPC for Mambong cement grinding plant. We understand CMS has
recently engaged a German company (Christian Pfeiffer Maschinenfabrik GmbH)
to design and build its RM156m Mambong cement plant. Construction of the plant
will begin in Jul 14 and will take about 18 months to complete.
ESSENTIALS
 OMS plant to commence operations soon. Recent discussion with
management suggests that the ferroalloy plant will commence operations in Aug
14. Taking advantage of competitive power cost (40-50% cheaper than the
region’s), OMS aspires to be the world’s lowest-cost producer of ferroalloy, a raw
material essential for steelmaking. At full production, we expect OMS to
contribute pre-tax profit of RM63m, or 16% of the group’s 2015F total profit.
Should the plant operate smoothly, we think the project may attract many
strategic investors, given its major cost advantage (power accounts for up to 50%
of total operating cost).

johnny cash

6,400 posts

Posted by johnny cash > 2014-06-27 09:57 | Report Abuse

 Significant increase in cement capacity. In view of rising cement demand in
Sarawak underpinned by SCORE activities, CMS will be building its third cement
grinding plant in Mambong. Upon completion, it will increase CMS’s cement
capacity by 57% to 2.75mt per year. Leveraging on its monopoly, we expect the
cement division to remain a key earnings contributor. For cement, we forecast a
3-year net profit CAGR of 8%, accounting for 30% of the group’s earnings.
 Steady earnings growth supported by a healthy balance sheet. Overall, we
forecast net profit to grow by a 3-year CAGR of 15% from RM175m in 2013 to
RM269m in 2016, spearheaded by its SCORE investments. Besides visible
earnings growth, CMS is also sitting on net cash of RM527m, giving management
a sizeable warchest to participate in more value-enhancing investments, such as
the potential acquisition of Sacofa, as reported by the local press.
RECOMMENDATION
 Maintain HOLD… and SOTP-based target price of RM3.49 as we adjust for the
corporate exercises. Our target price implies 15x 2015F PE and dividend yield of
2%. Despite our optimism over its long-term fundamentals, we recommend a HOLD
as the stock may be susceptible to profit taking, having appreciated 65% ytd. Entry
price is RM3.00.
 …with upside to our target price. We reckon there is potential upside to our
target price as we have yet to impute the value of its planned phosphate project
(could be worth up to RM0.46/share) and its potential acquisition of Sacofa, a
telecommunication infrastructure player in Sarawak.

johnny cash

6,400 posts

Posted by johnny cash > 2014-06-27 09:58 | Report Abuse

Cahya Mata Sarawak (CMS MK)


Buy on Weakness
Last price: RM3.73
Target Price : RM4.23
Support: RM3.46

Share price has failed to penetrate the immediate resistance of
RM3.82, given yesterday’s pullback on profit taking. Following a
downtick in both its RSI and +DI, we expect buying momentum to
ease and may drag the share price slightly lower to the RM3.50-
3.70 level. However, the overall trend remains intact as the stock is
still trading above the steeper trendline. We opine the stock would
resume the upward movement once selling pressure normalises.
Stop-loss can be placed at below RM3.30.

johnny cash

6,400 posts

Posted by johnny cash > 2014-06-27 09:58 | Report Abuse

UOB KAY HIAN REPORT

michealc

173 posts

Posted by michealc > 2014-06-28 07:36 | Report Abuse

some one know when the blood will stop?

michealc

173 posts

Posted by michealc > 2014-06-28 17:35 | Report Abuse

very good profit company, must support! dont sell...it have many big project in hand, i know it well in sarawak.

michealc

173 posts

Posted by michealc > 2014-06-28 17:39 | Report Abuse

it can be like dsonic, will up very fast!

ktjaven

331 posts

Posted by ktjaven > 2014-06-30 08:21 | Report Abuse

further correction is expected early this week...

Posted by Foresight123 > 2014-06-30 15:22 | Report Abuse

u say correction then now go up...
-.-

Posted by leslieroycarter > 2014-06-30 15:26 | Report Abuse

august -another interim dividend coming....so, shall be v busy....

alivetoinvest

1,247 posts

Posted by alivetoinvest > 2014-06-30 15:38 | Report Abuse

Tp 5.00

mmk79

1,840 posts

Posted by mmk79 > 2014-06-30 17:03 | Report Abuse

tomorrow will further going up.

ann66

5 posts

Posted by ann66 > 2014-06-30 17:21 | Report Abuse

leslie,how u know august has dividend?

michealc

173 posts

Posted by michealc > 2014-06-30 17:54 | Report Abuse

as a sarawakian, all u known that this company projects surrounding every corner in sarawak, no worry about the future, just invest

michealc

173 posts

Posted by michealc > 2014-06-30 17:56 | Report Abuse

no correction any more, only uptrend!

mmk79

1,840 posts

Posted by mmk79 > 2014-07-01 10:10 | Report Abuse

Tp 4.06 is coMing

alivetoinvest

1,247 posts

Posted by alivetoinvest > 2014-07-01 12:54 | Report Abuse

so low d haiz.,.

Posted by Foresight123 > 2014-07-01 16:03 | Report Abuse

how to raya like that... Taib Mahmud tolong pls

mmk79

1,840 posts

Posted by mmk79 > 2014-07-01 16:19 | Report Abuse

Minor correction mah. Cannot everyday up, then kena UMA.

alivetoinvest

1,247 posts

Posted by alivetoinvest > 2014-07-01 16:25 | Report Abuse

who selling lah.. 180k unit... @3.70
AIyo...

zamsaham

778 posts

Posted by zamsaham > 2014-07-01 23:47 | Report Abuse

Buying in another 5 lots at 3.70.

Looking forward at 4.00

Posted by ZZjuniorinvestor86 > 2014-07-02 12:53 | Report Abuse

good news coming? looks like its heading to 3.80 today.

mmk79

1,840 posts

Posted by mmk79 > 2014-07-02 17:17 | Report Abuse

Will hit 4.0 very very soon, then 4.5 5.0 .....

stockQst

42 posts

Posted by stockQst > 2014-07-02 22:07 | Report Abuse

Any realistic things
can jack up to 4.5 to 5.0 ???

yongyou

4,676 posts

Posted by yongyou > 2014-07-02 22:41 | Report Abuse

why the Avg.TP so high?

ladyyan

9 posts

Posted by ladyyan > 2014-07-03 13:15 | Report Abuse

lil bit drop.. but im holidng tight to it

mmk79

1,840 posts

Posted by mmk79 > 2014-07-03 16:29 | Report Abuse

I reckon will close back to 3.79. Then tomorrow going north again.

mmk79

1,840 posts

Posted by mmk79 > 2014-07-03 21:54 | Report Abuse

Epf keep accumulating CmSB. Sure huat lah

winwin007

232 posts

Posted by winwin007 > 2014-07-04 15:45 | Report Abuse

mmk79 any good news coming? short term can up to 4.5?

mmk79

1,840 posts

Posted by mmk79 > 2014-07-04 18:06 | Report Abuse

Winwin007, this is a heavyweight counter and so much of political connection in Swak. Just buy and hold.

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