Hope Trade808 can revisit his posting of 28/12/2023. Since then it has gone from 41.5 to 47.5 or 6/41.5=14.5%. Looks like crossing 50 is not so far ahead..... Have been holding for few years!
Wonder why so many sellers at 0.485 and 0.49. Do they think that the company is not as profitable as Mtec or they just want to suppress the price and quietly collecting themselves.
Operationally, the management has been absolutely brilliant. Their track record is second to none. On every valuation metrics, its market cap should have been way ahead of its peer, not behind it.
Wire maker Mtec smaller sales, smaller profits already 2.5x market value of this heavy voltage old man. Stop sleeping. Start performing. Have some pride.
ya'll should go read some warren buffett, especially his quote about share market being a voting machine in the short term and weighing machine in the long term
Making further inroad into overseas market. SCGBHD will focus on growing its export sales by tapping into oversea markets such as Myanmar, Cambodia, Vietnam and US. In particular, the Myanmar market is set to grow over the next 10 years, supported by the Myanmar National Electrification Project. Separately, SCGBHD is in the midst of penetrating US market via its in-house developed XHHW-2 industrial cables, which command a better margin. We gather that SCGBHD will deliver the trial orders to US-based customer in the coming months and is optimistic to secure the distributorship agreement afterward.
the coming challenges will be how the management to control the increasing of cable cost experts have forecasted that material cost will be rising throughout 2024
i have no doubt with the revenue as the demand is rigid can the profit sustainable?
I think more important is that the earnings growth is still strong, which also translates into increasing dividends. This year's dividend more than doubled last years, so you can do your own calculation as to how much the dividend will be in a few years time
RHB Investment Bank Research said with an unyielding need for power and cables, SCGBHD has emerged as a thriving player in this evergreen market, poised for continuous expansion. It said Malaysia's ambitious goal of achieving net zero emissions by 2050 — including higher uptake of renewable energy (RE) sources and the enhancing of the country’s grid — is expected to be a catalyst for the group’s earnings growth. SCG’s orderbook from TNB alone worth more than RM1 billion, provides earnings visibility for the next three years.
KOTA KINABALU, April 17 — Private businesses in Sabah’s industrial parks will be able to set up their own power generation facilities, said Sabah Chief Minister Datuk Seri Hajiji Noor. The Cabinet has agreed to give special permission to investors operating in industrial parks in the state to set up power generation facilities. The Cabinet has also decided to allow shophouses, buildings and residential premises to install solar power systems without seeking approval from Sabah Electricity Sdn Bhd (SESB).
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....
Peace99
2,233 posts
Posted by Peace99 > 2 months ago | Report Abuse
Hope Trade808 can revisit his posting of 28/12/2023. Since then it has gone from 41.5 to 47.5 or 6/41.5=14.5%. Looks like crossing 50 is not so far ahead..... Have been holding for few years!