Posted by jenabchen123 > 2014-10-03 15:54 | Report Abuse

Play play with 150 soonest...

Posted by jenabchen123 > 2014-10-03 15:58 | Report Abuse

SCORE SCABLE budget play.

Posted by jenabchen123 > 2014-10-07 00:13 | Report Abuse

Why u think this is budget play counter?

Posted by newboy > 2014-10-07 10:53 | Report Abuse

more budget to be allocated for SCORE

Posted by jenabchen123 > 2014-10-07 11:39 | Report Abuse

More SCORE more SCABLE. More coverage of electricity supply to rural area in Sarawak especially, more bright opportunity for SCABLE to shine. Go SCABLE! Short play, long play.

Posted by jenabchen123 > 2014-10-07 12:06 | Report Abuse

Touched 150 this morning.

Posted by jenabchen123 > 2014-10-09 02:42 | Report Abuse

Quite resilience. With budget theme looming, Dow Jones now up by 200+ points! what can we say on SCABLE tomorrow?

Posted by ktte > 2014-10-09 10:50 | Report Abuse

Fasten your seat belt......ready for takeoff.................

Posted by 5231428 > 2014-10-09 15:26 | Report Abuse

Someone is buying up the sellers.

Posted by sam88 > 2014-10-09 17:42 | Report Abuse

omg... huge sell volume at 1.4....

Posted by fansc > 2014-10-09 17:45 | Report Abuse

manage buy at 1.4 to average my previous shares which cost 1.46

Posted by Kelvin Chong > 2014-10-09 20:53 | Report Abuse

i thought today they anounce something ???

Posted by Kelvin Chong > 2014-10-09 21:35 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/10/09/Sarawak-Cable-gets-RM493m-job-from-Shanghai-Electric-Group/?style=biz

Posted by Kelvin Chong > 2014-10-09 21:35 | Report Abuse

the wait is over!! tomorrow we shall see the price UP UP UP !

Posted by ktte > 2014-10-10 11:19 | Report Abuse

PETALING JAYA: Sarawak Cable Bhd has won a 40-month contract worth RM493mil from Shanghai Electric Group Co Ltd, the main contractor of the Balingian coal-fired power plant in Sarawak.

In an announcement, the company said the contract for power island engineering, procurement and construction works, would start on Nov 28, 2014 and end on March 27, 2018.

“The project is expected to contribute positively to the earnings and net assets of Sarawak Cable Group for the financial years ending Dec 31, 2015, 2016, 2017 and 2018,” it said, adding that the contract sum was subject to final scope of work.

Based about 60 km from Mukah town, Sarawak, and 25 km from the existing two 135MW Mukah power station, the two 300MW Balingian coal-fired power plant project is one of Sarawak Energy’s new generation projects to generate inexpensive energy to customers of Sarawak Corridor of Renewable Energy (Score).





Concurrently, Sarawak Cable is finalising the terms and conditions of acquiring 100% in Universal Cable (M) Bhd and Leader Cable Industry Bhd for RM210mil from HNG Capital Sdn Bhd.

The parties have up to Monday to finalise the deal and sign a conditional share sale agreement.

According to AmResearch, the acquisitions would make Sarawak Cable the leading cable manufacturer in Malaysia and the only producer of 275kV underground cables in Asean.

The research house forecast Sarawak Cable’s revenue at RM382.7mil for financial year 2014 (FY14) and RM727.3mil for FY15.

The research unit has a “hold” call on the counter with a target price of RM1.60, without factoring in the proposed acquisitions.

Sarawak Cable was last done at RM1.40, with 1.4 million shares changing hands.

Posted by newboy > 2014-10-10 18:04 | Report Abuse

"155. The Government remains committed to providing and upgrading rural facilities and infrastructure. A sum of RM4.5 billion will be allocated, particularly in Sabah and Sarawak for the implementing of the following programmes:

First: Construction of 635 km of rural roads including former logging roads in Sabah and Sarawak with an allocation of RM943 million;

Second: Implement electricity connection for 15,000 houses with an allocation of RM1.1 billion;"

Posted by jenabchen123 > 2014-10-10 21:03 | Report Abuse

Wow!!! SCABLE GO!

How about this part of 2015 budget:
109. In this regard, as the North-South Highway project has transformed the development from Perlis to Johor, the Government intends to start construction of the 1,663-km Pan-Borneo Highway comprising 936 km in Sarawak and 727 km in Sabah at a total construction cost of RM27 billion.

Does Scable also manufacture , supply and lay up related cables to be used?

Posted by jenabchen123 > 2014-10-10 21:04 | Report Abuse

Market is gloom but Scable not so bad and holding ground. When market turns, it will run up fast and hard to catch.

Posted by cherry tomato > 2014-10-10 21:15 | Report Abuse

huge volume but price drop.
look like people tend to sell on news and global sentiment not good.
Furthermore the revenue will be in next couple of querter.

Therefore foreseen further plunged.

Posted by cherry tomato > 2014-10-10 21:16 | Report Abuse

jenabchen123 if u want to top up no need to be hurry.
let it drop further.
It wont go beyond 1.44

Posted by Abudance > 2014-10-13 07:47 | Report Abuse

Acquiring company also ...

Posted by Abudance > 2014-10-14 13:03 | Report Abuse

Cherry ... 1.33 now

Posted by apini > 2014-10-17 15:35 | Report Abuse

what the hell ? dead quiet one.......

Posted by Yobers > 2014-10-20 21:29 | Report Abuse

Current trending is downtrend and the DMA also already crossing sell signal. At this moment, per savvy investors practice, they would sold and wait. Keep on continue monitor the DMA until the trending stable. Nation wide aware that post 2014 budjet been heavily impacted the stock house. It is better to standby $$, soon to be the best time to buy.

Posted by apini > 2014-10-20 23:25 | Report Abuse

any news about the acquisition? please share.

Posted by King DavidSiaw > 2014-10-21 09:58 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1771413

Posted by King DavidSiaw > 2014-10-21 11:46 | Report Abuse

Lousy announcement. Nobody cares and no need suspend trading also can. Only 110 lots traded since morning. This transaction doesn't look like add any value to the shareholders. Waste shareholder funds to buy 1% net margin businesses...zzz

Posted by beso > 2014-10-21 11:58 | Report Abuse

just a cable company，who cares？

Posted by Abudance > 2014-10-21 19:02 | Report Abuse

They are trying to position to be biggest and largest in this region ... If it doesn't mean getting more projects SOOON, it's wasting stakeholders funds. Also gomen keep delaying on telco towers cos no funding .. Also have additional barriers for price to move up.

Posted by apini > 2014-10-22 08:17 | Report Abuse

2.6 Basis at arriving at and justification of the Issue Price

As part payment for the settlement of the Purchase Consideration, SCB will issue 37,600,000 new SCB Shares, representing 11.86% of its enlarged issued and paid-up share capital upon completion of the Proposed Acquisitions, to conserve the cashflow of SCB and its subsidiaries (collectively "SCB Group" or the "Group") as well as to minimise the quantum of borrowings required to finance the Proposed Acquisitions.
The Issue Price of RM1.3318 is based on the five (5) days volume weighted average market price ("VWAMP") of SCB Shares up to and including 17 October 2014, being the market day immediately preceding the signing of the SPA.

In arriving at the Issue Price, the Board had taken into consideration the following and deemed the Issue Price to be fair and reasonable:-

(i) The Issue Price represents a Trailing PER of 161.9 times based on the cumulative PAT of SCB Group for the latest four (4) financial quarters up to 30 June 2014 of RM0.82 million, which is higher than the range of the Trailing PER of the Comparable Companies (as set out in Section 2.5 of this announcement) of 8.65 times to 16.96 times; and

(ii) The Issue Price represents a PBR of 1.6 times based on the audited NA per Share of SCB Group of RM0.81 as at 31 December 2013, which is within the range of PBR of the Comparable Companies (as set out in Section 2.5 of this announcement) of between 0.51 times to 1.95 times.

Posted by apini > 2014-10-22 08:17 | Report Abuse

Basis at arriving at the Purchase Consideration

The Purchase Consideration was arrived at on a willing buyer-willing seller basis after taking into consideration the following:-
(i) The assets backing of the Target Companies
The Purchase Consideration is at a 33.5% discount to the aggregate audited net assets of the Target Companies as at 31 December 2013 of RM316.01 million.
(ii) The Profit Guarantee by HNG
HNG guarantees that the aggregate profit before taxation (“PBT”) of the Target Companies for the financial year ending 31 December 2014 shall be not less than RM21,000,000 (“Profit Guarantee”). The Purchase Consideration is at a Price-earnings multiple ("PER") of ten (10) times on the Profit Guarantee.
(iii) The financial and operational track records of the Target Companies.

Posted by apini > 2014-10-23 23:46 | Report Abuse

AmResearch upgrades Sarawak Cable to Buy
Thursday, 23 October 2014

KUALA LUMPUR: AmResearch has upgraded Sarawak Cable Bhd (SCable) to Buy from Hold with a higher SOP-based fair value of RM1.70/share, which implies a PE of nine times FY15F EPS.
In a note on Thursday, the research house said it has computed SCable’s proposed acquisitions of 100% stakes in Universal Cable (M) Bhd (UCMB) and Leader Cable Industry Bhd (LCIB), as well as contributions from the Balingian job into its model.

"These resulted in earnings accretion of 51% each for FY15F and FY16F," it said.

It added that SCable announced that it had entered into an SPA for the acquisitions of the two companies from HNG Capital Sdn Bhd for RM210mil.
It will be satisfied via cash of RM110.3mil (including RM2.1mil in deposit paid earlier), assumption of liabilities amounting to RM49.6mil, as well as issuance of 37.6mil new shares worth RM50.1mil (at RM1.33/share).

"We view the acquisitions positively as it will fortify the group as a leading integrated power cable supplier in Malaysia with an estimated 50% market share.

"Recall that HNG Capital will guarantee a total PBT of RM21mil at the companies for FY14F ending Dec. As such, we deem the acquisitions to be fair at 13x PE (assuming a tax rate of 25%).

Also, SCable is acquiring the two companies at a 33.5% discount to the aggregated net assets of RM316mil as at end-Dec 2013," it said.

While the companies’ PBT margins are low at 0.5%-2%, management plans to improve it via cost improvement strategies.

"We also understand that the two companies have an outstanding order book of RM698mil (with RM200mil for the existing LRT job) that would last two years," it said.

Looking ahead, Scable is in good position to secure more jobs due to TNB’s cable replacement plans, as well as the cable supply for the upcoming RM9bil Bandar Utama-Klang LRT 3 project and Rapid.

Notably, UCMB is the sole manufacturer of 275kV cables in Malaysia, which will cater to growing domestic demand.

Tags: Analyst Reports

Posted by moisking > 2014-10-23 23:47 |

Post removed.Why?

Posted by Yobers > 2014-10-29 22:40 | Report Abuse

The DMA still in downtrend mode even thought current situation is optimistic. The Bullish trend seem fluctuate. Just get ready. Expected the time frame to recover should be shorter compared to previous. The recent promise news may help to break the resistance lines

Posted by Yobers > 2014-10-30 19:33 | Report Abuse

Should be the right timing now....

Posted by dragonlim > 2014-10-31 10:58 | Report Abuse

Why the price keep on raising these few days, any special news?

Posted by cherry tomato > 2014-10-31 11:08 | Report Abuse

GOOD.
should be acquire universal cable better profit.

Posted by Brian Loke > 2014-10-31 11:21 | Report Abuse

buy!! volume coming

Posted by hafizul88 > 2014-10-31 12:55 | Report Abuse

any news

Posted by newboy > 2014-10-31 13:55 | Report Abuse

"Tenaga Nasional Bhd (TNB) has committed a whopping RM23.3bil to capital expenditure (capex), averaging almost RM6bil a year between 2014 and 2017, to ensure reliable and stable electricity supply for the country."

http://www.thestar.com.my/Business/Business-News/2014/10/31/TNB-to-ramp-up-capex/?style=biz

Posted by cherry tomato > 2014-10-31 14:10 | Report Abuse

apini congrat on ur winning.

Posted by apini > 2014-10-31 17:01 | Report Abuse

tq......

Posted by dragonlim > 2014-11-01 12:00 | Report Abuse

Newboy, can u explain a bit how could this news benefit to SCABLE as I have not seen that any award given to SCABLE from TNB?

Posted by selayangmurai > 2014-11-01 12:46 | Report Abuse

Monday will jump up limit.....

Posted by CHONGWAY > 2014-11-01 15:11 | Report Abuse

how good is this scable apini

Posted by selayangmurai > 2014-11-01 21:35 | Report Abuse

Very good....momentum very good

Posted by 5231428 > 2014-11-02 00:12 | Report Abuse

Those who held on with patience will benefit.

Posted by Kelvin Chong > 2014-11-02 22:25 | Report Abuse

This is a very good stock. Target 2 dollar

Posted by apini > 2014-11-04 16:26 | Report Abuse

http://cdn1.i3investor.com/my/files/dfgs88n/2014/11/04/1481227571--202580621.pdf

Posted by dragonlim > 2014-11-10 10:05 | Report Abuse

How come it always 1 or 2-day show, then drop back?