SOUTHERN CABLE GROUP BERHAD
KLSE (MYR): SCGBHD (0225)
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Last Price
1.30
Today's Change
+0.06 (4.84%)
Day's Change
1.24 - 1.30
Trading Volume
15,509,800
News and Blogs
Discussions
4 people like this. Showing 50 of 1,378 comments
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..
1 month ago
scgbhd valuation now 14x PE
peers:
mtec - 50x PE
scomnet - 35x PE
scable - loss making
1 month 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!
1 month 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.
1 month 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!
1 month ago
looks like a typo, don't think IB will give target price more than 5x of current share price
1 month ago
The long awaited RM billion market cap has finally arrived. Congratulations to the management of SCGB. Bravo. 👏👏👏👏👏👍👍👍
4 weeks ago
yeah expected as the article mentioned about construction stocks and scgb is not in construction sector
4 weeks ago
Price too high for comfort. Cable demand expected next couple of years but return not fantastic. Beware. maybe burnt
3 weeks ago
The US market will take the price to rm2.00.
Just a matter of time. Expansion coming onstream in 2025.
2 weeks ago
SOUTHERN CABLE GROUP BERHAD (“SOUTHERN CABLE” OR THE “COMPANY”)
ACCEPTANCE OF NOTIFICATION OF AWARD FOR THE SUPPLY AND DELIVERY OF
CABLES AND CONDUCTORS IN EAST MALAYSIA
1.
INTRODUCTION
The Board of Directors of Southern Cable is pleased to announce that Southern Cable
Sdn. Bhd. (“Southern”), a wholly-owned subsidiary of Southern Cable, has accepted a
notification of award with the consent received for announcement on 24 December
2024 for the supply and delivery of cables and conductors in East Malaysia
(“Contract”).
2.
DETAILS OF THE CONTRACT
(a)
The total estimated Contract price shall be RM172,568,429.96 (Ringgit
Malaysia: One Hundred Seventy-Two Million Five Hundred Sixty-Eight
Thousand Four Hundred Twenty-Nine and sen Ninety-Six) only.
(b)
The duration of the Contract shall be for a period of twenty-four (24) months
commencing from 20 December 2024 until 19 December 2026
1 week ago
Bursa Hot Stocks: Southern Cable’s Earnings Forecast Raised Up to 20% by HLIB Amid Capacity Expansion and Surging Demand
M+ Global Updates 03/01/2025 14:02
SCGBHD
0225.MY
1.27
+2.42%
Source: The Edge Malaysia
Hong Leong Investment Bank (HLIB) raised Southern Cable Group Bhd's $SCGBHD 0225.MY$ earnings forecast after the group's third quarterly results came within expectations, alongside growing demand and capacity expansion.
In a note on Friday, HLIB raised Southern Cable's FY2024/2025/2026 earnings forecasts by 13%/20%/19%, respectively.
The research house revised its estimates after Southern Cable’s nine month earnings of RM47 million, which grew 176% year-on-year (y-o-y), exceeded expectations.
HLIB also highlighted a surge in the manufacturer’s utility sales, with a 70% increase quarter-on-quarter (q-o-q) and 82.8% y-o-y, driven by strong demand in the power infrastructure sector.
This growth was mainly supported by the commissioning of Lot 38 and robust sales growth in both domestic and US markets.
“With Lot 38 running at full capacity since 3Q24, the group is now expanding its annual production capacity by an additional 5,000km at its existing plant,” the house noted.
HLIB noted that monthly cable shipments to a key customer in the US rose from 40 to 45-50 containers.
With that, the company is expanding its capacity by 20-30% over the next two years to meet growing demand, supported by a RM22 million investment in new facilities.
Additionally, a major long-term contract with Tenaga Nasional Bhd $TENAGA 5347.MY$ is expected to be secured soon, further strengthening its market position.
“... alongside SCGBHD’s expanded capacity and the exit of a major cable supplier in Malaysia, we believe the group is well-positioned to secure a larger contract win under the LT-contract,” said HLIB.
Southern Cable’s profit margins are also expected to improve with the launch of a plastic compound plant, ensuring better cost control and supply consistency.
Therefore, HLIB increased its target price to RM1.45 from RM1.15.
Despite its strong prospects, Southern Cable remains a non-rated stock by HLIB.
1 day ago
Top AI/Data Center News Highlights for the 1st Week of January - #GAMUDA, #YTL, #YTLPOWER, #EG, #MNHLDG, #SCGBHD
https://klse.i3investor.com/web/blog/detail/bestStocks/2025-01-04-story-h497668575-Top_AI_Data_Center_News_Highlights_for_the_1st_Week_of_January_GAMUDA_YT
1 day ago
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