SOUTHERN CABLE GROUP BERHAD
KLSE (MYR): SCGBHD (0225)
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Last Price
1.09
Today's Change
+0.02 (1.87%)
Day's Change
1.06 - 1.10
Trading Volume
2,854,600
IPO Info
Offer Period
Opening
2020-09-29
Closing
2020-09-29
Time Table
Allotment Date
2020-10-15
Listing Date
2020-10-16
Price
Issue Price
0.34
Units
800,000,000
Share Capital
218,841,320.000
No of Shares
Public Issue
209,348,000
Offer for Sale
20,000,000
Private Placement
167,348,000
Issuing House
MIH - 602
ISIN Code
MYQ0225OO001
Prospectus:
INITIAL PUBLIC OFFERING ("IPO") IN CONJUNCTION WITH THE LISTING OF SOUTHERN CABLE GROUP BERHAD ("SOUTHERN CABLE" OR "COMPANY") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING OF:- (I) PUBLIC ISSUE OF 209,348,000 NEW ORDINARY SHARES ("ISSUE SHARES") IN THE FOLLOWING MANNER: 40,000,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; 22,000,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO OUR SUCCESS; 67,348,000 ISSUE SHARES MADE AVAILABLE BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AND 80,000,000 ISSUE SHARES MADE AVAILABLE BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY, AND (II) OFFER FOR SALE OF 20,000,000 EXISTING ORDINARY SHARES ("OFFER SHARES") BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS, AT AN IPO PRICE OF RM0.34 PER SHARE, PAYABLE IN FULL UPON APPLICATION.
1. Southern Cable - Prospectus (cover-pg106).pdf
2. Southern Cable - Prospectus (pg107-pg194).pdf
Discussions
4 people like this. Showing 50 of 1,370 comments
When it was equal price as SCICOM at 0.95, got guru recommended to swap from Scicom to SCGBHD. Now Scicom share price still stood at 0.94, but Scgbhd dropped to 0.865
2024-08-03 12:44
Data centre theme!!! SCGBHD definitely will be benefiting from this BOOM!!!
2024-08-09 10:53
Ample growth in the pipeline. Definitely worth more than RM1b.
https://www.nst.com.my/business/corporate/2024/09/1108262/tnb-signs-deal-supply-100-mw-electricity-singapores-keppel
2024-09-20 20:41
SCGBHD benefits from stronger MYR. It is because under the materials, company would procure copper and aluminium from their suppliers, denominated in USD. Weaker USD is good for the company. Furthermore, TNB has been demanding more cables from SCGBHD.
2 months ago
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2 months ago
@sriweld simple valuation can be look by PE ratio
SCGBHD - 17x
MTEC - 49x
let these valuation speak itself which one has more upside potential
1 month ago
assume eps 1.8sen coming QR, and take PE of 20x then TP is RM1.44, thats is the reason no profit taking activities even share price moving up
1 month ago
Look at this SCGBHD's video https://www.youtube.com/watch?v=6vBicUekstk
It was a video of Southern Cable Group last 4 years before they raised RM71 million for IPO
Even before IPO scgbhd already taiko.
Imagine with current orderbook & growing revenue and their profit, what will be the future?
You can check their past revenue&profit when they start IPO and compare each year ya.
Light up your cigar and enjoy the journey
1 month ago
Damn good QR for this solid fundamental gem. Still underrated with much upside potential..
3 weeks ago
scgbhd valuation now 14x PE
peers:
mtec - 50x PE
scomnet - 35x PE
scable - loss making
3 weeks ago
Very interesting prospect for institutional investor. Solid main market counter, most insti mandate can buy. Not many inside currently but when they come, the impact will be massive!
3 weeks ago
windows dressing will happen in this month dec 2024.
current scgbhd's shareholder:
1. perkeso
2. etiqa life insurance berhad
3. pmb shariah equity fund
4. jp morgan
5. acadian emerging markets equity master fund
6. pmb shariah aggressive fund
7. public mixed asset conservative fund
do you think others fund manager will consider to add SCGBHD to their portfolio? financial analysis of SCGBHD and company track record probably have the answer.
2 weeks ago
scgbhd is a prime beneficiary of the current electrification and DC theme play, as indicated by recent excellent QR. So far there is minimal IB coverage so better buy while its still under the radar!
2 weeks ago
looks like a typo, don't think IB will give target price more than 5x of current share price
2 weeks ago
The long awaited RM billion market cap has finally arrived. Congratulations to the management of SCGB. Bravo. 👏👏👏👏👏👍👍👍
2 weeks ago
yeah expected as the article mentioned about construction stocks and scgb is not in construction sector
2 weeks ago
Price too high for comfort. Cable demand expected next couple of years but return not fantastic. Beware. maybe burnt
1 week ago
The US market will take the price to rm2.00.
Just a matter of time. Expansion coming onstream in 2025.
1 week ago
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