Posted by TheThird > 2020-10-16 10:47 | Report Abuse

uncertainty 93, Based on their prospectus they have more higher GP magin products than Scable. For example their control and instrumentation products are quite specialised and are being used in Petronas Pengerang integrated complex. The management team is also more competent and seasoned. They are able to secure some of the raw materials they need by going vertically into PVC manufacturing.

Hope others can share their thoughts

Posted by shine7 > 2020-10-16 10:49 | Report Abuse

dun have qr to compare, so most rational way is to wait for first QR, i believe they wont trash their own first QR since they nid to maintain their reputation.

Posted by vic_amat87 > 2020-10-16 10:54 | Report Abuse

Sold all at 35. Poor counter. Yesterday got 120% from samaiden

Posted by uncertainty93 > 2020-10-16 11:16 | Report Abuse

any idea when will be the first qr?

Posted by Robinhud > 2020-10-16 11:21 | Report Abuse

Luckly you key in the wrong number.

Posted by Selina888 > 2020-10-16 11:41 | Report Abuse

ZThis company is local and so local utility and power companies should support their products. As suc, there should be potential for supply contracts. I am not promoting but offering an unbiased and unsolicited opinion.

Posted by tamp0i > 2020-10-16 11:44 | Report Abuse

This is another counter which you can get below IPO... Patience, QR will tell the first story

Posted by lingmeng68 > 2020-10-16 11:58 | Report Abuse

Most construction M&E related companies also buy their products

Posted by Winmore88 > 2020-10-16 12:13 | Report Abuse

Lousy IPO...weak open and weak closin, malu wei...

Posted by lee1310 > 2020-10-16 12:30 | Report Abuse

if u guys think this is bad, wait for Mr. DIY, really taking us as fools lah, like Lctitan

Posted by Foker > 2020-10-16 13:00 | Report Abuse

Don't forget Southern cable raise 70 mil, Samaiden raise 20 mil. The difference is big. Means more sellers in southern cable than samaiden

Posted by TheThird > 2020-10-16 13:06 | Report Abuse

really dont have QR to comare? All company going for IPO must release prospectus

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3091751

Revenue 2016: 470,656,000
2017: 595,694,000
2018: 683,199,000
2019: 656,687,000

GP 2016: 41,573,000
2017: 52,566,000
2018: 65,228,000
2019: 67,222 ,000

PBT 2016: 20,186,000
2017: 25,052 ,000
2018: 33,132,000
2019: 39,324 ,000

According to historic earnings PE is 7.1x


I think share price is not strong yet because not Shariah compliant yet hence Shariah compliant funds not pouring in yet.. it will take time eventually will get Shariah status. I will be patient

Posted by gerrarddy > 2020-10-16 14:59 | Report Abuse

I always thought IPO is a guarantee win on first day.. until today lol

Posted by apolloang > 2020-10-16 15:00 | Report Abuse

many ipo's below the ipo price

Posted by madnesssteve > 2020-10-16 15:08 | Report Abuse

How does it work?
Why there is movement, but there's no changes on the counter?

Posted by Rwkl > 2020-10-16 15:27 | Report Abuse

Have movement but no changes......kindly elaborate pls

Posted by gerrarddy > 2020-10-16 15:33 | Report Abuse

Because today first day trading, no comparison with previous close price..

Posted by uncertainty93 > 2020-10-16 15:49 | Report Abuse

i went in too early this morning, should have just wait first, sad..

Posted by Yinyin88 > 2020-10-16 15:52 | Report Abuse

What is the prospect for this counter? Is it favourable?

Posted by Taeyeon09 > 2020-10-16 15:56 | Report Abuse

I also went in too early this morning, damn weired, no up in first day

Posted by Trader1188 > 2020-10-16 16:02 | Report Abuse

Technically is a good company. If not mistaken, should be one of M'sia largest cable manufacturer. Command a substantial market share. Just find it weird that the price is not going up.

Posted by Taeyeon09 > 2020-10-16 16:05 | Report Abuse

So can hold for long term?

Posted by Trader1188 > 2020-10-16 16:15 | Report Abuse

I don't see shortfall in this co. except of its price at the moment. Their products are more diversify compare to others and they also hold copper bank. Not much affected by copper price movement. Business and profit already there.

Posted by uncertainty93 > 2020-10-16 16:15 | Report Abuse

will hold and see first, since it was mentioned that its top five major customers are government-linked companies (GLCs) like Tenaga Nasional Bhd (TNB) and Telekom Malaysia Bhd (TM).

Posted by madnesssteve > 2020-10-16 16:19 | Report Abuse

exactly, they have all good fundamental with them, i just dont understand why the price its not moving.

Posted by Hootbear > 2020-10-16 16:58 | Report Abuse

This is not a fav industry stock , tats why not much interest shown by retailers . Just keep it and let it up

Posted by madnesssteve > 2020-10-16 17:19 | Report Abuse

what do you think @hootbear ?

Posted by jwyap > 2020-10-16 18:56 | Report Abuse

below of IPO price, shame of the them. malu

Posted by oasischeah > 2020-10-17 07:41 | Report Abuse

Just look at Samaiden!!! Down badly. This SCGBhd had a bad start and looks going down too. Bad omen.

Posted by jackfruit > 2020-10-17 09:39 | Report Abuse

In past history almost all cable co listed in bursa go bust. Can Southern Cable survive.

Posted by Fklim888 > 2020-10-17 10:18 | Report Abuse

Will it be goreng back by Monday ?

Posted by TheThird > 2020-10-17 10:49 | Report Abuse

@jackgruit History will show that however many years back the ASEAN countries were not developing as rapidly. Now SCG stands to gain from exports to asean countries in the years to come. To achieve that they going to use the funds from IPO to expand

Posted by jackfruit > 2020-10-17 10:55 | Report Abuse

Look at Sarawak cable are they doing well.

Posted by Stevenyky > 2020-10-17 11:20 | Report Abuse

Southern Cable services various industry sectors, such as power distribution and transmission, telecommunications, building and construction, infrastructure, manufacturing and processing industries, including oil and gas (O

Posted by shine7 > 2020-10-17 13:37 | Report Abuse

@fklim888 dun goreng leh, go up slow and steady pls, if goreng i will scare.....
u guys can check out their products in this link, https://www.southerncable.com.my/product/
and also check out their business past and future prospect, https://www.theedgemarkets.com/article/southern-cable-targets-enter-automotive-and-elevator-segments
IMO its gud for long term since they juz get their $$ from IPO, dun expect people to shine immediately, wait till next QR at least :))

Posted by James Ng > 2020-10-17 15:53 | Report Abuse

https://klse.i3investor.com/blogs/general/2020-10-17-story-h1534701464.jsp
[转贴] [Video:浅谈SOUTHERN CABLE GROUP BERHAD, SCGBHD, 0225] - James的股票投资James Share Investing

Posted by Erickson > 2020-10-17 19:55 | Report Abuse

cannot do anything, just hold ticket and waiting fly soon

Posted by hglee101 > 2020-10-17 20:29 | Report Abuse

Sell to me at 0.30 lah...no need to wait

Posted by Foker > 2020-10-17 21:02 | Report Abuse

No goreng lor. First day no goreng means counter die

Posted by shine7 > 2020-10-18 02:27 | Report Abuse

Mahsing goreng stock, profit haven even secured, people alrd wan make the share price high, completely diff with prolexus case. 1 is annoucing to be hc, 1 is alrd earning. buy at own risk~ dun kao beh kao bu when stuck high like mmag

Posted by sammmy > 2020-10-18 13:07 | Report Abuse

shine7 agree with you. but mmag is different, that is totally goreng to earn money from retailer.

to be fair, the SCG product all have sirim and JKR spec. so it does fulfilled the requirement from the government project. it may be bad for current economy due to covid 19, but if you have holding power, this share at least worth of 80cent.

Posted by shine7 > 2020-10-18 15:36 | Report Abuse

yuppp, slow and steady win the race~ SCG alrd have their next 2 years profits secured~

Posted by FrankOpinion > 2020-10-19 08:47 | Report Abuse

Any good reports on this counter?

Posted by FrankOpinion > 2020-10-19 08:47 | Report Abuse

Another IPO non performer??

Posted by newbie5354_ > 2020-10-19 08:57 | Report Abuse

Sifus why cannot find QR news?

Posted by uncertainty93 > 2020-10-19 09:13 | Report Abuse

all selling, price keep dropping..

Posted by gerrarddy > 2020-10-19 09:22 | Report Abuse

PE only less than 7, should be a good counter, but not sure why it keeps falling..

Posted by uncertainty93 > 2020-10-19 09:27 | Report Abuse

it seems like most ppl thought this IPO will kena goreng, when no ppl goreng and all selling, most ppl sell to cut loss as doesn't know need to wait how long for the price to go up again

Posted by SK1200 > 2020-10-19 09:29 | Report Abuse

Come throw low to me...collect when other panic

Posted by FELI1305 > 2020-10-19 09:54 | Report Abuse

dropped ...too sad .. buy in 0.34 , now 0.315 ?