Scable is market leader of manufacturing cable. Government related company with guarantee project winning every year. It’s has the ability to pay the debt . What so worry? Bank will no borrow you money if you do not have ability to pay the loan right? It’s the same situation here. Borrow and pay, nothing to worry man!
TENDER FOR HIGH SPEED RAIL IS NOVEMBER 22 ND 2017.It involve steel poles, street lighting column and highway guardrails, structural steel, tower/ poles, steel bridges, galvanising services and all related accessories for the distribution of steel poles.
Whatever bad news or kitchen sinking news has been reflected in its 5 year low price. This counter is poised to recover strongly in the near future as it is still one of the main beneficial parties to the Pan Borneo highway construction. Moreover, it has strong shareholders to support the company. Just keep this for a year. The upside should outweigh the downside.
Already drop to bottom. Sell now mean u will lose the money. Why don’t just wait for it rebound later. This quarter go to red because of construction cost . Others segment still perform well .
KUALA LUMPUR: Sarawak Cable Bhd slipped into the red, with a pre-tax loss of RM31.16 million recorded for the third quarter ended Sept 30, 2017
(3Q17) against a pre-tax profit of RM13.05 million posted in the same quarter last year.
Revenue fell to RM299.31 million from RM313.87 million, previously.
In a filing to Bursa Malaysia yesterday, the integrated power solutions provider said the weaker performance registered for the period under review was mainly weighed down by losses suffered in the transmission lines construction segment.
“The loss in the segment was a result of additional expenses the group undertook and incurred for the sole purpose of meeting a project’s completion timeline and also to meet additional requests from the client.
“The segment contributed 9.4 per cent of the group’s total revenue for 3Q17,” it said.
On prospects, the group anticipated its performance to improve in the coming months as demand for its power and telecommunication cables remained stable. — Bernama
Guys, Scable will be the shining star in this coming quarter. As the mini hydro power plant will start to contribute rm20 million yearly before tax. Plus RX, MRT2, LRT3, coupled with the implementation of Bekalan Elektrik Luar Bandar (BELB) may spur the demands of cables in the local markets. Furthermore, Sarawak Energy Berhad (SEB) will be implementing budgeted projects to meet shortage of power supply within Sarawak. Dont rush to sell. Just keep for 3 more months. You will gain from it
Telekom Malaysia Bhd (TM) and Tenaga Nasional Bhd (TNB) have signed a memorandum of understanding to jointly develop an implementation plan to deliver the government’s Nationwide Fiberisation Plan.
The two government-linked companies said the collaboration will capitalise on the strength of both parties, enabling the most efficient cost structure and accelerating the fibre broadband network reach, in line with the government’s move to drive Malaysia’s digital economy.
“Furthermore, the roll-out under TM and TNB, as two of Malaysia’s leading institutions, ensures the safety and security of the nation’s strategic and critical infrastructure.
“The proposed network will also continue the existing open access participation of industry players to promote private sector competition in retail broadband,” two companies said in a joint press statement today.
The MOU was signed by TM managing director and group executive officer Datuk Seri Mohammed Shazalli Ramly and TNB president and chief executive officer Datuk Seri Azman Mohd.
Alright. Mou signed by TNB and TM surely will benefit to scable as both are the biggest client of scable. If they implement the government nationwide fiberisation plan. Imaging how much cable and fiber cable is needed. Plus TNB will scroll out 500million for cable replacement
Why this counter stay quite? I believe after election, a lot of fund is going for power generation and internet technologies. Manjung power plant is already at phase 5 and under construction of Jimah East plant which to be commission in 2019.
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....
Yin Kee
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Posted by Yin Kee > 2017-11-17 12:16 | Report Abuse
Scable is market leader of manufacturing cable. Government related company with guarantee project winning every year. It’s has the ability to pay the debt . What so worry?
Bank will no borrow you money if you do not have ability to pay the loan right? It’s the same situation here.
Borrow and pay, nothing to worry man!