no la Felix, just want to know more about the development won't buy la Btw speaking of cement or construction materials, CMSB already a dominant play leh at East Malaysia
i'm a tin kosong just wanted to learn more from u guys
KUCHING, 29 NOVEMBER 2023 – Industrialised building systems specialist, Sarawak Consolidated
Industries Berhad ("SCIB" or the "Company"), today celebrates significant milestone in its Q1FY2024 financial results. Demonstrating a remarkable turnaround, SCIB has not only boosted its revenue but also transitioned into profitability, a testament to the strategic acumen and diligent efforts of its management team.
The Group announced a robust revenue of RM39.4 million for the quarter, a stellar 30% increase from the RM30.3 million recorded in the same period last year. This strong performance is further accentuated by a profit before tax (“PBT”) of RM2.1 million, a remarkable recovery from the loss of RM0.9 million in the corresponding quarter of the preceding fiscal year.
The Manufacturing division, the cornerstone of SCIB's success, reported a revenue of RM29.6 million and a PBT of RM4.2 million. This is a significant uplift from the RM24.2 million in revenue and RM1 million in PBT seen in the same quarter of the previous year, driven by increased sales volume of foundation piles and enhanced profit margins.
In the Construction/EPCC segment, the Company registered revenue of RM9.8 million, a positive development attributed to ongoing road maintenance and school projects, despite a marginal loss before tax (“LBT”) of RM0.3 million, primarily due to higher expenditures.
In the latest quarter, SCIB's financial performance significantly outstripped the previous period, with revenue soaring by 18.3% to RM39.4 million. This marked increase is a testament to the Company's robust sales and operational efficiencies. More impressively, PBT witnessed a remarkable leap, which is a clear indication of SCIB's successful strategic turnaround and management's effective decision-making in navigating the market and optimising operations. This outstanding growth in both top-line revenue and bottom-line profits underscores SCIB's strong market position and operational excellence.
Posted by i3lurker > 17 minutes ago | Report Abuse SELL SCIB or die !!! SCIB just got raped by HeLicksShit. Likely SCIB may drop down to 23 sen on Monday !!!
Wah.... he came u make U-turn bro he carries weight on you leh bro
There are still a lot of hard work, many court cases to settle and many legacy issues to clear out before SCIB can truly turnaround.
Know why Bplant Sarawak hardly make any money? Indonesians are many time hard working than Sarawakians because if Indonesians do not work then no income whereas we have too many hand out or free lunch.
No major or material litigations are recorded so no cause of concern. All the company need to do now is to increase capacity of production and to get more contracts from Sarawak Administration for the infrastructure within Sarawak out of the massive funds of 4.3 billions allocated from the recent budget 2024
at EPS 4 sen PBT => EPS 0.04 X 640,000,000 shares => PBT RM25.6 million per year
to achieve RM25.6 million PBT will require a revenue of circa RM200 million
Inverse Probability is 1 - 200/4,300 ~ 1 - 0.05 ~ 95% chance of achieving Revenue
Interpretation => 95% chance of getting above RM200 million turnover
compare also current revenue around RM130 million. With fixed costs already covered by current revenue, increase in revenue contributes greatly to PBT.
Why are the Heavy weight figures coming here ? It is because it is more " fun "over here as compared to elsewhere. No grudge , No gagging order, No allegation , No accusation , No animosity, No slanders , No defamation, No discrimination , No prejudice, No atrocity in terms of speech.
Licker got the point.Just look at Jaks where it has fantastic PE , PBT, NTA, EPS but share price has been stagnant at 18c for donkey year.....................Why ? You tell me why or you want me to tell you why ??
Future prospects is the key to the appreciation of share price....but the past events and certainly not the current events which many forumists like to blow out of proportions......
Speaking about Bumi Armada, she is my lucky star. One of my most successful investment so far. If you bought Armada during Covid crash at 0.125 now you already have 340% gain. (During the peak last year was 460% gain).
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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....
Eagle77
6,978 posts
Posted by Eagle77 > 2024-02-02 19:47 | Report Abuse
Nice closing ⬆️✅😎🤞