Good sign. New telecommunication tower project declared by Menteri Abang Johari will benefit Scable in the near future. Hydropower plant in indonesia will start to produce rm5 - 6 millin per quarter will begin soon.
TP: RM2.10 Next GE is coming soon. If based on the previous chart, this share will move uptrend and reach it new high. More project will be annouched soon and Hydropower plant will contribute to its financial this year. The most important is MONOPOLY business in Malaysia - Sarawak.
New market commenced, oversea buyer- China, New Zealand and Australian!
s at the end of April, Sarawak Cable’s order book for power and telecommunications cables had already exceeded the RM500mil mark, according to group managing director and chief executive officer Aaron Toh Chee Ching.
On power transmission line projects, Toh said Sarawak Cable had tendered for new contracts from Sarawak Energy Bhd (SEB) worth between RM300mil and RM400mil.SEB, which is Sarawak Cable’s second-largest shareholder, is expected to award the proposed contracts in the second half of the year.
Meanwhile, Sarawak Cable has been shortlisted to participate in tendering for the Pan Borneo Highway project‘s power relocation works, and supplying power cables for the highway work packages. “We have bid for the power relocation works for the entire stretch of two work packages. “The outcome of the bids is expected in the next two months,” Toh said.
today down bcoz of the t-3. Toh said the revenue n profit will be increased started 2nd quarter onwards. there is a lot of expense on 1st quarter 2017, due to hyropower station costing. However, hydropwer plant will start to contribute 5-7 million when it started to opertate. on that time, Scable price surely will shoot up high high! Go Go Go~ Start to accumulate before the news announced. Must be act faster and think faster than the news.
I believe this stock will go above 1.75. maybe historical high rm2.20 . As there are lots of mega projects announced by Sarawak government- 5000 telecommunications towers,pan Borneo, Lrt project lastesly announced by Sarawak ketua menteri. With its competitive advance, I believe in near future the price surely will go higher n higher. Now just wait the hydropower plant complete n contribute profit to the company. Cheers
Commodity prices timber rubber palm oil mining oil and gas all have to shoot up first then sarawak will blessed with abundant of income to splash around. But the game started already with palm oil price and next timber when constructions peaking up. If oil crosses firmly above 55 usd and beyond, another engine started for Sarawak. Not too longgggg......
KUALA LUMPUR: Sarawak Cable Bhd's wholly-owned subsidiary, Trenergy Infrastructure Sdn Bhd has received a Letter of Acceptance from Tenaga Nasional Bhd for the installation of the double circuit 500kV overhead transmission line from Alor Gajah to Bahau South (Melaka).
In a filing with Bursa Malaysia, it said the project was valued at RM81.368mil.
The project is expected to contribute positively to the earnings and net assets of the Sarawak Cable Group for the financial years ending Dec 31, 2017 to Dec 31, 2019.
Sarawak Cable also announced its financial results. For its first quarter to March 31, 2017, the company’s net profit increased 8.35% to RM3.87mil on the back of a 30.9% drop in revenue to RM251.85mil. It said the better net profit was due to higher demand for the power and communications cable
Now is getting the project of double circuit 500kV overhead transmission line from Alor Gajah to Bahau South (Melaka). Next pan Borneo transmission line allocation. Communication tower in Sarawak and Lrt project. All the way up. Scale.
And the most important is hydropower plant will start generate income in 2-3 quarter. Less expenses n more income
Award contract from Tenaga Nasional Berhad . Next contract from Sarawak Enegry berhad to build 375kv transimmission line from kuching to Pontianak. Next build up 5000 telecommunication towers around Sarawak.
Order book for cable as at Apr'17 was 500m( Jan-Mar'17 revenue for cable 209.502m) contract for Pan borneo and Sarawak energy announce soon hydro power in indonesia will start soon
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
yinkee92
158 posts
Posted by yinkee92 > 2017-05-22 16:18 | Report Abuse
Good sign. New telecommunication tower project declared by Menteri Abang Johari will benefit Scable in the near future. Hydropower plant in indonesia will start to produce rm5 - 6 millin per quarter will begin soon.