In Sarawak, mostly government big project goto GRC ( government related company) like Scable and CMSB. That why CMSB share price shoot from rm0.70 til rm4.20 in just few years. As they directly get the project from government and Sub-contract to the small company.
Both GRC is owned by Our Sarawak TYT and his family. U still think got people can beat them down. Sacble could be the second CMSB in future or maybe better than it.
EPS dropped as they had spent a lot in hydropwer plant indonesia. But once it completed , it will start to generate profit and lower their expense.
Sarawak may need foreign investors to upgrade timber industry — Awang Tengah
KUALA LUMPUR: Sarawak Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan said the state may need to work with foreign investors to upgrade its timber industry.
“At the moment, most of the players in the timber industry are based in Sarawak. They are mostly involved in the upstream segment but are now going towards the downstream segment for plywood and other timber products.
“We would like to enhance the timber industry and our timber products. We may have to collaborate with other investors, especially from Japan, South Korea and China, which are the traditional buyers for the timber products,” he said yesterday at a press briefing on the 13th World Islamic Economic Forum (WIEF), which will be held in Kuching, Sarawak, from Nov 21 to 23.
He added that the state is also looking at expanding Sarawak’s furniture industry, which is still very small, despite the state’s abundant timber resources.
Awang Tengah said the state needs to start off with getting one renowned anchor company for the furniture industry to kick it off.
Besides developing the timber industry, Awang Tengah reiterated that the state is in the midst of a long-term transformation plan, which will also involve the manufacturing and tourism industries, as well as the setting up of a halal hub.
He added that the state government also plans to expand the oil and gas sector, with plans to turn Bintulu into a petrochemical hub.
Meanwhile, WIEF Foundation chairman Tun Musa Hitam said Sarawak was picked mainly for its drive to develop its digital economy, which was in line with the forum’s theme of “Disruptive Change: Impact and Challenges”.
“I’m very impressed with their emphasis on the digital economy because that’s the way to go. That’s the immediate future. We are now talking about artificial intelligence, driverless cars and all sorts of other things, and the focus has to be on the digital economy,” he said.
Awang Tengah added that Sarawak is going “full-gear” in preparing to embrace the digital economy, highlighting the fact that the state government had committed RM1 billion for ICT infrastructure upgrades.
“The mode of implementation [for the RM1 billion allocation] is still to be decided, but what is obvious is the commitment of the government to improve the ICT infrastructure,” he said.
“We are really looking forward to host the 13th WIEF in Sarawak. To me, this is a golden opportunity to promote Sarawak and what we can offer in relation to investment and business opportunities,” he added.
The Group’s log harvesting policy is in compliance with our certification exercise. The reduction of log export quota from 30% to 20% effective 1 st July will channel more proportion of logs harvested to the mills for processing. We have strategically revised our plywood production to process more products with higher plantation and certified woods components as we are stepping up harvesting of our plantation logs and utilization of imported PEFC certified eucalyptus veneer. To-date, plywood products prices have gone up by USD25/m3 and with higher demand, we anticipate the price uptrend to continue. Oil palm sector which was the main source of revenue and profit in the first half year is expected to generate higher revenue and profit for the Group since the oil palms are entering into the peak crop season. Barring unforeseen circumstances, the directors are confident of a satisfactory performance for 2017
Ta Ann Holdings Bhd has proposed to acquire a 30.1% stake in Sarawak Plantation Bhd for RM169.9 million or RM2 a share.
The acquisition of the stake from Cermat Ceria Sdn Bhd is in line with its plan to further expand its oil palm plantation business and gain larger market access in Sarawak.
The proposed acquisition is actually seen as fair and in fact a relatively cheap one compared to the other planters. One downside is that the oil palm age profile is young, hence it takes time to yield gains. Taking a long-term view, the acquisition will expand Ta Ann's market access in Sarawak and once the oil palm enters its maturity, it is able to further improve company's earnings. Remember, good things take time.
for today and past week, someone is quietly buying up this stock prior to 30 minutes closing mkt price just close up 5 cents something good buzzing in the horizon?
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....
Kabali
331 posts
Posted by Kabali > 2017-05-31 18:12 | Report Abuse
Ure welcome nobsives