Posted by gpsman79 > 2014-01-15 18:24 | Report Abuse

http://www.theedgemalaysia.com/business-news/271353-pestech-gets-rm85m-sarawak-energy-contract.html

Posted by JaniceLove > 2014-01-16 09:52 | Report Abuse

gpsman79...why scable can rebound today after the news that the lost to pestech

Posted by JCool > 2014-01-16 12:15 | Report Abuse

inconsequential.....

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1514785

Posted by JCool > 2014-01-16 12:15 | Report Abuse

inconsequential........

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1514817

Posted by JCool > 2014-01-16 12:19 | Report Abuse

inconsequential.........

http://www.theedgemalaysia.com/business-news/271353-pestech-gets-rm85m-sarawak-energy-contract.html


... amount too small by cms standard...

in fact... may jz indicates meeting is on.... n Balingan coal-fired plant (600MW) to be awarded soon...

Posted by midtermtrader > 2014-01-16 16:23 | Report Abuse

low volume, sharks are sleeping today.

Posted by newboy > 2014-01-16 18:29 | Report Abuse

Terrible. project gucci tarak ommph lar...

Posted by passerby > 2014-01-16 18:46 | Report Abuse

Scable only a cable manufacturer & cables supplier.....they don't do installation, it is stated clearly at their website.....even if they did win the contract, they will outsource the work to third party

the installer like Pestech, if they win the job, Scable might become supplier of cable to Pestech or might not become their supplier.

In fact, Scable don't produce EHV cables, they have to source it from Universal Cable Sdn Bhd if they need.

So follow Pestech or follow Scable ? don't forget your recent TNB tariff hike got contribute to the TNB capex fund plan....

Posted by JCool > 2014-01-16 18:58 | Report Abuse

d endearing point abt SCABLE is its abilities to win projects..... BIG BIG projects..... n so far its margin hv bin good too....

isn't it jz great tat SCABLE nid not slough yet can produce d profits...

n since outsourcing n not manufacturing by it own.... minimal risk too.....

so of course follow SCABLE

Posted by JCool > 2014-01-16 19:06 | Report Abuse

....n... without forgetting to mention project GUCCI... TP 1.90 b4 CNY

Posted by lloydlim > 2014-01-18 12:22 | Report Abuse

Power outage cripples Sabah!
http://www.thestar.com.my/News/Nation/2014/01/18/Power-outage-cripples-Sabah-Massive-blackout-hits-most-parts-of-state-leaves-over-500000-without-ele/

Posted by JCool > 2014-01-19 10:01 | Report Abuse

Tis is good news.... sadistically : )

Posted by passerby > 2014-01-20 11:36 | Report Abuse

:), okla la. Jcool take Scable, passerby gluing myself to Pestech. free world to choose :)

if you still not aware of the business decision making hierarchy for contracting, the following should be the general guide :)

1) project owner - they are the boss, what they want , contractor will give them. contractor will bill them accordingly only, lol

2) turnkey contractor - they are the main contractor employed by the project owner

3) turnkey contractor's consultant team - they are employed by the turnkey contractor

4) sub-contractors - they are working for turnkey contractor as well.

5) supplier / manufacturer

supplier / manufacturers are at the end of the chain of command. in laymen definition, supplier will kena "cha" / squeeze by sub-contractors first, after that, "cha" & "squeeze" 2nd round by the consultant team, the QS normally = "kam sau", they will squeeze, squeeze & squeeze, until the supplier's mother & father also not recognize the face.....then, 3rd round, the turnkey contractor will squeeze another round, lol

that why, in the end.....supplier profit margin so pathetic skinny....

Posted by JCool > 2014-01-20 12:38 | Report Abuse

passerby..... look at tis previous project for example..... SEB d owner.... SCABLE i believe is d turnkey contractor... at d top of d value chain.... is it not???


- Maintain BUY on Sarawak Cable Bhd with a SOP-derived fair value of RM2.33/share.

- Last Friday, Sarawak Cable (S Cable) announced on Bursa Malaysia that its wholly-owned subsidiary Trenergy Infrastructure with JV partner Sinohydro Corp have received a letter of intent (LOI) from Sarawak Energy (SEB) its intention to award the two packages of the 500kV transmission line for a total of RM620mil.

- The packages consist of the Mapai-Lachau and LachauTondong lines worth RM353mil and RM266mil respectively.

- S Cable said formal contract agreements for the two packages are expected to be entered in due course. Commencement of works is slated for next month with completion periods of 23 months and 25 months for the Mapai-Lachau and LachauTondong lines respectively.

- The award confirms our previous reports that the 500kV line (packages now worth a total of RM1.2bil) was expected to be awarded in Aug/Sept. We expect contributions from the project to begin in the 4QFY13.



cms wil make sure SCABLE d winner of all deals.... errrr... do u know who is cms?

Posted by jenabchen123 > 2014-01-21 02:00 | Report Abuse

Looking for the day when SCable starts marching again towards 2.33. The following is news cut from Borneopost and based on AmResearch, the contribution should start flowing in 4Q to be closed pretty soon.

LARGE CONTRIBUTION: For the third quarter period, Sarawak Cable in a statement to Bursa Malaysia saw sales of power cables and conductors segment contributing 40 per cent of the group’s revenue.

KUCHING: Sarawak Cable Bhd (Sarawak Cable) saw a dip in earnings for the nine months for financial year 2013 (9MFY13) of RM1.3 million – down 73 per cent from RM4.9 million seen a year earlier – due to slow recognition of ongoing projects and weaker demand for galvanised steel products during the period.

This was partly offset by improved margins and better cost management for its power cable and conductor segment, highlighted AmResearch Sdn Bhd (AmResearch) yesterday, which saw earnings before interest and tax (EBIT) margins improving to seven per cent from two per cent a year earlier.

“However, there was also an exceptional loss RM0.5 million during the third quarter of financial year 2013 (3QFY13) due to the amortisation of intangible assets,” it added.

“Adding the earlier amortisation of RM1.9 million in the preceding quarter, 9MFY13 core earnings would be at RM3.8 million.”

The amortisation, the research firm said, is related to projects with contract revenue that were acquired following its acquisition of Trenergy Infrastructure Sdn Bhd that was completed last year.

“Nevertheless, management guided that these should be one-off and should not be recognised further in 4QFY13.”

For the third quarter period, Sarawak Cable in a statement to Bursa Malaysia saw sales of power cables and conductors segment contributing 40 per cent of the group’s revenue.

“Although segment revenue of RM 57.9 million for the period decreased compared to RM71.6 million for the corresponding quarter in 2012 (3QFY12), the segment profit of RM3.8 million for 3QFY13 has improved when compared to 3QFY12 thanks to improved gross profit margin and better cost management,” Sarawak Cable added.

Meanwhile, the group’s galvanised steel products and transmission tower division saw revenue of RM 17.3 million for 3QFY13 declining compared to RM51.5 million in 3QFY12.

“Market demand for products under this segment has been relatively weak in the nine months ended September 30, 2013. However, the group is confident and remains positive that demand for galvanised steel products and transmission tower will improve,” it explained.

Looking at Sarawak Cable’s contract revenue portion, it noted that segment revenue of RM77.3 million decreased when compared to RM77.9 million for 3QFY12.

Segment results for third quarter of 2013 have declined mainly due to slow progress of current on-going contracts in the cumulative third quarter of 2013 and partly due to amortisation of intangible assets (construction contracts) of RM 2.4 million.

Nevertheless, the group remains positive that performance for this segment will continue to improve with the Group’s development plans for the power transmission industry, which includes expanding market coverage from the Sarawak to Peninsular Malaysia and Sabah.

With this in mind, AmResearch expected 4Q earnings to improve as Sarawak Cable would begin recognising revenue its 500kV backbone line job worth RM620 million with works commencing last week.

“According to channel checks, Sarawak Cable is expected to secure more transmission jobs in the state. Other potential jobs in the mid-term include the Tanjung Manis-Bintulu and Mambong-Kalimantan lines worth about RM400 million,” it added.

“In our visit to Sarawak last week, we learned that Baram (1,200MW) and Balleh (1,300MW) dams are currently in the final feasibility stages while the Balingan coal-fired plant (600MW) is expected to be awarded by year-end.

Sarawak Cable will be the main contender to link the new plants to the power grid.

“We also understand that there are plans for a 2nd phase of the 500kV line, and another two 275kV lines to link up the various growth nodes within SCORE.”

Despite the short-term hiccups, AmResearch continued to like Sarawak Cable as it is the only integrated power cable and transmission player in the state that will play a crucial role in powering up SCORE and Sarawak.

Posted by JCool > 2014-01-21 08:55 | Report Abuse

So... passerby.... now u c.... u jz dont come ovr to SCABLE to show off n celebrate ur... small little... 85 m project win... ok

Posted by passerby > 2014-01-21 09:41 | Report Abuse

hahaha..u cannot tahan people show off & celebrate the small contract win? i thought it is a free world? lol

wait till Scable win the contract, your time to show off la, kikikiki.

the JV portion with Sinohydro Corp, is it 50:50 arrangement?

Posted by jenabchen123 > 2014-01-21 11:27 | Report Abuse

Cms is China Malaysia SCableSinohydro. What a powerful combination!

Posted by JCool > 2014-01-21 12:26 | Report Abuse

well... can....of course can..... it is a free world after all....

but flaunting 85m in front of d one who got 620m.... is jz like flaunting a small dick... in front of MASSIVE... ; )

Posted by JCool > 2014-01-21 12:29 | Report Abuse

SCable... wit cms around...... is jz not quite used to small little projects....

get some quick... b4 d winning of Balingan coal-fired plant (600MW) project

Posted by jenabchen123 > 2014-01-21 21:45 | Report Abuse

JCool, you make my day :)

Posted by passerby > 2014-01-22 08:21 | Report Abuse

hehehehe...we joke about flaunting 1st....hey, small dick, if loaded & pressure. once shoot & do the job ( profit margin > 30% based on historical record ).....massive dick, looks impressive ! but if not loaded & pressurize , tak boleh tembak le......mati pucuk massive dick, lol ( historical profit margin boh sui le )

pestech contract 82M ( historical net profit margin 12.6% ) = 10.3M

assuming the JV 50:50 , sinohydro half - contract value by Scable subsidiary should be 310M only...history net profit margin around 1.5%.....1.5% of 310M = 4.65M

see, how loaded & pressurize small dick can do the job :).

But all that are assumptions that both maintain they historical performance la....we can't see the future

on the CMS related/ controlled chain, what makes you think the cunning people like ATM will park the high profit margin in his listed entity ? shouldn't he park all those big profit business more to the unlisted vehicle , so that it is easier for him to conduct his "activities" ?

620M is no doubt a significant amount, the market will react to it once concluded.

Posted by upsidedown119 > 2014-01-22 14:14 | Report Abuse

@passerby, another joke: you forget a 'dick' must fulfill two functions - a) give pleasure and b) shoot. Your small dick can only fulfill b), not a). A big one can do both, especially a)!

Posted by JCool > 2014-01-22 15:54 | Report Abuse

passerby..... upsidedown119 is a hot babe........ who talk straight...... tat is... basically... essentially.. importantly..... size does matter... period!

small dicky.... got lost... n found itself in d company of MASSIVEs... who can do a) n b)...

small dicky jz can do b)... sorry...u makan sendiri


c above.... amresearchs blah blah blah on SCABLEs margin... it is getting bigger n firmer...

put in listed co... hv many advantages like... fund raising... easy to cash out... easy to cash out... easy to cash out... n many more..... MASSIVE deals wit BIG projects... nid funding.. small little unlisted co wont do

Posted by passerby > 2014-01-22 21:05 | Report Abuse

upsidedown119 @passerby, another joke: you forget a 'dick' must fulfill two functions - a) give pleasure and b) shoot. Your small dick can only fulfill b), not a). A big one can do both, especially a)!
22/01/2014 14:14

kikikikiki.....wah, looks like someone very experience wor....big can gives both pleasure & shoot...okla, i never questioned people who tried that....

but how come JCool know size does matter ? you know what i'm thinking now, kikikikiki

@JCool, i really really never thought of those advantages you highlighted....buggle, next time i wanna do something similar, must get your consultations already, lol

enjoy flaunting the massive one :)

i'm keeping myself to the small one, not committing anymore in market now

Posted by JCool > 2014-01-22 22:16 | Report Abuse

By d look on her face.... passerby... by d satisfied look on her.....

Ur hv not a clue on tis kind of thing.... dont give up... apparently skill can compensate for size.... small size... ; )

Ya... everybody seems to think 2014 is dangerous... berjaga jaga di jalan raya..

Posted by jenabchen123 > 2014-01-22 22:43 | Report Abuse

high risk high return.

Posted by JCool > 2014-01-25 09:34 | Report Abuse

MD/CEO Toh.... d missus bot at 1.57.... now it is 1.55.... no GUCCI by d look of thing... wat... Mrs Tohs wants n nids mean nothing to u is it?

Wit project GUCCI a failure... baligirls no whr in sight.... n d DOW dropping dropping..... time to make big bang entries.... with no karex.... if it drops some more.....

Posted by newboy > 2014-01-25 12:33 | Report Abuse

maybe mrs toh will shop last minute leh....

Posted by upsidedown119 > 2014-01-25 16:07 | Report Abuse

Dow is irrational - US recovering, Yellen will not taper, China still growing and services sector growth made up for manufacturing. In M'sia, only worry is the rudderless govenment! Baligals will come in medium term! Better than FD anytime!

Posted by jenabchen123 > 2014-01-25 16:54 | Report Abuse

Baligals overdue??

Posted by midtermtrader > 2014-01-26 11:29 | Report Abuse

Target RM1.70 must break and stay above in order to hit TP1 RM1.90

Posted by jenabchen123 > 2014-01-27 03:11 | Report Abuse

See how resilience SCable tomorrow with pessimism lingering.

Posted by JCool > 2014-01-28 16:29 | Report Abuse

no GUCCI..... but price ok now... get some as baligals coming...

Posted by jenabchen123 > 2014-01-30 13:36 | Report Abuse

Baligals still not dancing?? but price real good for entry point.

Posted by jenabchen123 > 2014-01-30 13:40 | Report Abuse

or Q4 result due to be out by next month will tickle SCable share??

Posted by jenabchen123 > 2014-01-31 00:19 | Report Abuse

How could Scable not benefit from the potential energy sector projects in Sarawak?? It has so so much potential.

ENERGY SECTOR IN SARAWAK
- MARKET OVERVIEW

Sarawak, with its abundant primary resources, can be developed for power generation, eg, oil, gas and coal. Hydropower represents the largest indigenous renewable energy resource in Malaysia, with a technically exploitable potential of 123,000 Gwh per annum, of which 70% lies in Sarawak's interior.

The Government has identified Sarawak as a centre for renewable energy and has launched the Sarawak Corridor for Renewable Energy (SCORE) to spearhead the growth of this sector.

Sarawak which has an energy output of 933 megawatt, plans to build 12 hydroelectric dams that will boost total generating capacity to 7,000 MW by 2020 a 600% increase.

Dams will be at Ulu Air, Metjawah, Belaga, Baleh, Belepeh and Linau Rivers.

The bakun Project, which will have a capacity of 2,400 megawatt and is worth RM21 billion including submarine cable.

Sarawak's energy output is currently 933 megawatt. Syarikat SESCO Berhad is responsible for the generation , transmission and distribution of electricity in the Satte of Sarawak in Malaysia.

SEB controls 68% of Sarawak's total installed capacity (both grid and non-grid) of 946.7 megawatts (MW), with the balance coming from the two independent power producers (IPPs), ie, Sejingkat and SPG.

SEB set to become a major power player if Sarawak can transmit electricity to neighbours like Indonesia, Singapore and West Malaysia.

By the year 2050, it is estimated that renewable energy will make up 50% of energy consumption.

Posted by 高居来 > 2014-01-31 00:25 | Report Abuse

恭喜发财！！hihihi

Posted by jenabchen123 > 2014-01-31 10:37 | Report Abuse

Interesting note from AMMB in its Nov 2013 analysis.

-  We expect 4Q earnings to improve as Sarawak Cable would begin recognising revenue its 500kV backbone line job worth RM620mil. Works has already commenced last week.

Posted by jenabchen123 > 2014-01-31 11:10 | Report Abuse

Last financial year the Q4 was announced on 28th Feb 2013 and a dividen was also announced as below.

Company Name

SARAWAK CABLE BERHAD  

Description

RECOMMENDATION OF A FIRST AND FINAL SINGLE TIER DIVIDEND

Announcement Details/Table Section :

The Board of Directors of Sarawak Cable Berhad ("SCB") wishes to announce that the Board has on 28 February 2013 recommended a first and final single tier dividend of 2.5 sen per ordinary share of RM0.50 each, in respect of the financial year ended 31 December 2012, subject to approval by the shareholders at the forthcoming annual general meeting of SCB to be held at a later date.

The dates of entitlement and payment for the first and final single tier dividend will be announced at a later date.

Posted by jenabchen123 > 2014-01-31 16:04 | Report Abuse

Universal Cable and Sarawak Cable.

Posted by jenabchen123 > 2014-02-02 10:57 | Report Abuse

Feb would be month for Scable.

Posted by midtermtrader > 2014-02-03 12:39 | Report Abuse

February now.....

Posted by jenabchen123 > 2014-02-03 23:41 | Report Abuse

Copper price is coming down.

Posted by jenabchen123 > 2014-02-05 00:40 | Report Abuse

DJI up 70 pts now.

Posted by jenabchen123 > 2014-02-05 00:56 | Report Abuse

Keep going north. +80 sudah now DJI.

Posted by jenabchen123 > 2014-02-05 01:03 | Report Abuse

Almost breaching + 100 now DJI! Go DJI Go!

Posted by jenabchen123 > 2014-02-05 11:27 | Report Abuse

Some write up on falling price of copper, main ingredient to make cable.

Copper fell for a ninth session, locking in the longest losing streak since December 1995.

You’ll be forgiven for missing it.

The current decline has featured exactly one interesting trading day–the 1.5% decline on Jan. 23 after data showing manufacturing in top consumer China contracted.

The market has drifted lower since, notching an average daily drop of 0.4% in low volume as Chinese traders packed up and eventually left for a weeklong holiday.

“It’s been more of a kind of erosion” than a dramatic selloff, said Stephen Platt, a futures strategist with Archer Financial Services. “Chinese demand is not coming on as strong as it once was, undermining the market.”

Traders say the looming absence of the market’s largest buyer helped drive the retreat, and could keep prices under pressure until markets there reopen on Thursday.

Granted, there’s nothing keeping a Chinese copper importer from picking up the phone to take advantage of the 5% drop in prices before then. But buyers may not yet see a bargain in the lower copper price.

Supply is set to exceed demand in the global copper market in 2014 for a second year, and traders may have to contend with a slowing China as well as questionable demand from emerging markets.

After today’s weaker U.S. manufacturing data, copper fell 0.4%, again, to $3.1835 a pound, a two-month low.

Posted by JCool > 2014-02-05 13:55 | Report Abuse

Wonder if tis is holding back d baligals???

http://www.theedgemalaysia.com/mobile/article.php?id=273860

Any Sarawakian bro sis here hear any rumours on wat is going on? Do share....

Posted by jenabchen123 > 2014-02-06 02:40 | Report Abuse

Dow Jones recovered and climbs up again and now +17 pts. Hope it will stay positive when closed of the day.