KLSE (MYR): SCGBHD (0225)
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Last Price
0.51
Today's Change
-0.01 (1.92%)
Day's Change
0.51 - 0.53
Trading Volume
4,889,500
Date | Open | High | Low | Close | Change | Volume |
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In addition to the above, they're re-investing locally made profits into kick starting their business in the USA. A highly cash rich country, if they can make inroads there then the profits will come. SCG are going places.
2023-12-20 14:23
Southern Cable set to resume uptrend, says Rakuten Trade
https://theedgemalaysia.com/node/694762
2023-12-21 08:50
1. In the past, the shareholders of SCG were mainly unknown consisting of Ah kow, Ahmad and Samy without any hedge funds, financial institutions or high net worth individuals.
2.Dato has finally come to his sense and realize that he alone cannot do much and for the share price to move he needs the help of someone with deep pockets. The company must improve the quality of its shareholders with high profile anchor investor/s and much better from the institutions.
2. The most significant corporate development in SGC over the past weeks had been the disposal of 38m shares on 17/11/23 and 25m shares on 24/11/23 by Segamat Handal Sdn Bhd in the off-market transactions.
3. While we do not know the name of the new investors , they certainly created great confidence and generated enormous interest in the counter. SCG is heated up with volume and persistent rise in share price. This time it is real.
4. SCG is a key player and leader in the cable manufacturing business. A lot has been said and discussed in my previous posting and i shall not repeat it again here.
5 SCG is a long term fundamental value investing stock. Allow it some time to realize and maximize its full potential. We intend to stay invested
6. Someday your endurance and perseverance will be handsomely rewarded.
Happy trading
21/12/23
2023-12-21 21:08
1.SCG has a spectacular rise from 28.5sen in June 2023 to hit an intra day high of 43.5sen in the end of December. In the 6 months period, the counter has soared remarkably more than fifty two percent. (43.5 - 28.5)/28.5 = 52.6%
2 , The company has 800m issued capital.For the 9M ending Sept it has generated 746m in revenue and 17.01m in profit. The accumulated earning per share EPS for the 9M is 2.13sen.
3.For the sake of analysis, let us simply annualized the EPS with this formula. Hence, the year end EPS is (2.13/3) x 4 is 2.87sen
4. The current bursa market PE consisting of the 30 largest companies by market cap is 13.5x. Therefore, if we assign the bursa PE multiple for SCG, than the year end share price of SCG should be 13.5x2.87 is 39sen.
5. SCG closed at 41.5sen today. At this price it is deem fully valued.
6 This is my short term and personal perception of the counter. It is not a recommendation to buy or sell but is intended as a sharing by providing an alternate view. It may or may not reflect the actual situation of the company.
Happy trading
28/12/23
2023-12-28 20:31
With all the constructions, solar power, EVs and communication needs, just feel that Southern just have to keep going north! I'm just holding tight to my southern almost since beginning!!
2 months ago
Master Tech, Low Voltage manufacturer, sales (annualized) RM273m, market value RM357m
SCGB, High Voltage manufacturer, sales (annualized) RM1b, market value RM332m
Master Tech IR department knows how to promote their company.
1 month ago
[SC latest Qtr - 273M, NP -6.5M] [Master latest Qtr -65m, NP 5.7M] which stcok do you to buy?
1 month ago
Mtec IR people are in a different league. They held analysts briefing. Their CEO did a podcast with BFM radio. They even got RHB to do a webinar for the public.
1 month ago
Hi, just managed to take a very quick look at a youtube comment on Master Tec. I heard it says it uses more aluminum, while Southern uses more copper...Is this right?
Did a quick check on aluminium vs copper: From Bing.com: "..... Aluminum conductor wire is one common type of wiring. Let’s explore some of the disadvantages of using aluminum cables:
Larger Size: Aluminum conductors are generally larger than comparable copper conductors. This means that larger raceways are required, which can add to installation costs.
Risk of Corrosion: While aluminum is resistant to corrosion, it is not completely immune. Over time, aluminum cables can still corrode, especially if not installed with care and diligence.
Expansion and Contraction: Aluminum experiences greater expansion and contraction cycles compared to copper. These cycles can loosen connections over time, potentially leading to electrical issues.
Lower Strength: Aluminum cables have lower tensile strength compared to copper cables. This can impact their durability and longevity.
Potential Fire Risk: If not properly installed, aluminum wiring can pose a fire risk. Connections must be made carefully to prevent overheating and potential hazards.
Despite these disadvantages, aluminum cables do have their advantages, such as being lightweight, easy to install, and efficient for power transmission. They can also withstand high temperatures without melting or burning. However, proper installation and maintenance are crucial to mitigate the risks associated with aluminum conductors
1 month ago
I worry about the FIRE risk of aluminium wires, so Southern has my vote if the above are correct.
1 month ago
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!
1 month ago
I think 2024 EoY SCGBHD will be around 0.53 to 0.57 depending on how the market wakes up to it
1 month ago
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.
1 month ago
think a lot of people have held this stock since it was 0.5+ and probably just cutting loss at a reasonable level
1 month ago
RM730m Master is a young man. Full of energy. 😍😍😍
RM380m SC is an old man. Cannot function anymore. 😩😩😩
1 month ago
highest QR since IPO
expect higher revenue from high capex in utilities sector
enter @ 0.49
TP: 0.55
😎
4 weeks ago
be patience
oldman stock need more times to warm up the engine before it goes further 😎
2 weeks ago
The management should set up their own IR department to promote the company with fund managers. The current practice of outsourcing to a third party to handle their IR leads to an undervaluation of the company.
2 weeks ago
I think its good that the management focus on the business aspects of the co, instead of focusing too much on the share price
2 weeks ago
just notice the chart is forming a big U
now waiting for the handle
just guessing
maybe wrong instead...
2 weeks ago
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.
2 weeks ago
The peer is falling like crazy because overbought recently. Slow and steady win the race
2 weeks ago
Q4 results were shockingly good. Even more shocking is that no research outfit covers this company post the results.
2 weeks ago
The company should get rid of their entire IR people. Obviously no engagement with fund managers and analysts. Buta gaji.
2 weeks ago
This is a strange company. Warrants normally trade at a premium, not a discount.
Looking at the revenue, the whole company must be very busy.
Looking at the share price, I wonder what their investor relations team does the whole day.
1 week ago
be patience
😎
obviously fun managers are busy with other counters such as MTEC
good fundamental companies
wait for it TURN 😁
1 week ago
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.
1 week ago
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
1 week ago
new project datacenter and new solar project should need to using lot of cable for infrastructure, why no boss goreng.
4 days ago
BursaKakis
Commentary of Prospects - Q3 Sep 2023
Southern Cable's prospects are supported by the growing demand for cables and wires in
Malaysia, in line with ongoing development and infrastructure projects.
As at 30 September 2023, the Group’s orders in hand amounted to RM893.2 million, and are
expected to be fulfilled by 2026. These orders include the supply of underground cables and
conductors to Tenaga Nasional Berhad and Sarawak Energy Berhad, the supply of rectifier and
battery systems to Telekom Malaysia Berhad, as well as purchase orders from EPCC
(Engineering Procurement Construction Commissioning) contractors, resellers, and others.
Notably, the Group’s annual cable and wire production capacity has increased by 21% to
40,780 km from 33,780 km in the previous financial year ended 31 December 2022 due to
installation of new machinery, enabling the Group to deliver more orders and enhance its
revenue.
Meanwhile, Southern Cable is aiming to capitalise on the growing demand for power cables
and wires from Malaysia’s National Energy Transition Roadmap (NETR) objectives.
On 27 July 2023, the Ministry of Economy of Malaysia unveiled 10 flagship projects under
Phase 1 of the NETR, encompassing solar farms, hydrogen energy, and others, with anticipated
investments of RM25 billion. A projected total investment of between RM435 billion to RM1.85
trillion until 2050 will be required to enable Malaysia to achieve its target of 70% Renewal
Energy (RE) capacity mix, which involves investment in RE generation sources, strengthening
of grid infrastructure including transmission lines enhancement, and energy storage systems,
among others.
To this end, Southern Cable has supplied a wide range of power cables and wires used in
power transmission and distribution networks, including TÜV SÜD certified solar photovoltaic
cables. These products have been used by EPCC solar players in projects such as Large Scale
Solar, positioning the Group favourably to tap into the renewable energy market.
Barring unforeseen circumstances, Southern Cable’s outlook remains positive for the financial
year ending 31 December 2023.
2023-12-20 11:59