SCGBHD (0225) Overview - SOUTHERN CABLE GROUP BERHAD

looking good. coming i guess

2 months ago

supporting well

2 months ago

36/37/39/41

2 months ago

spidermanchill

Scam counter💩

2 months ago

Haleluya

Ini kalilah???

2 months ago

52w high - 0.360 - 03 Oct 2023 | 03:00 PM

2 months ago

Leys goooooo

2 months ago

Muhibah can lclc

2 months ago

Peace99

Glad that I trusting SCG :)

2 months ago

Beneficiary of the NETR initiative.
The recently unveiled NETR initiative is set to play a pivotal role in driving long-term demand for power cables – and SCGBHD, being the largest power cable manufacturer in Malaysia, is strategically positioned to reap benefits from this development. It is worth noting that power cables cannot be imported, a restriction enforced by MITI, unless the specific cable type cannot be produced by local manufacturers. This regulatory stance serves as a direct boon for domestic power cable manufacturers.

2 months ago

break 37 then only can 39 then 41

2 months ago

angry ady

2 months ago

Gogogog la muhibbah. Jgn scg ady

2 months ago

Coming uptrend?

2 months ago

sriweld

Long overdue re-rating.
Net assets RM300m
Operating cash inflows more than RM40m
FY23 sales RM1b
Assuming FY24 annual sales RM1.1b
Assuming a tiny 2.5% net profit margin, FY24 net profit RM27.5m
Current market value same as net asset RM300m
Annual profits and cash flows all percuma.

2 months ago

I still think it's slightly below it's fair rating, generally markets trade looking forward so it might climb as high as 0.42-0.43 in the short term.

2 months ago

Hair123

Paying dividend with a net debt of RM144m is not a good idea.
Better to pay off the debt, reduce interest costs will lead to increase profits and a higher share price.

2 months ago

ov123

Going up
https://acrobat.adobe.com/id/urn:aaid:sc:AP:6b1b69b3-4048-4937-adc3-889586a3aff3

2 months ago

potentially winning stock...🤑

2 months ago

Beneficiary of the NETR initiative.

2 months ago

Reason : Undervalue

IPO PX : 0.34 sen

Fair Value : 0.55 sen

Target Price : 0.50 sen & 0.80 sen

Warrant : SCGBHD-WA : 0.20++ sen (min)

My 2c view.

2 months ago

Buy on news and sell on facts.
Will that happen tomorrow for all stocks risen recently?

2 months ago

Insidefluential

We'll see it breaking 40c soon

2 months ago

ov123

0.38 is proving to be a thick resistance line. Need to comfortably cross it for the price to fly.

1 month ago

trader808

1.In the last 3 months, the fundamentals of SCG had improved tremendously. It has managed to generate a net cash of 62m from operation and a free cash flow of 29m. The company now has 50.8m in cash and term deposit compare to 21.8m a year ago.

2. More impressively, it managed to reduce its debts from 221m to 186m. It has demonstrated excellent ability in repaying debts plus a positive trend and committed effort to reduce it further in the coming few quarters. The loans and borrowing are financed by banker's acceptance. The gearing has improved and risk is more acceptable.

3. The company has declared and paid Rm2.24m in dividend.

4. It has successfully won more projects and the order on hand has attractively exceeded Rm1.b that would keep the company busy and profitable from many quarters to come.

5. With several cable manufacturers going into receivership and Sarawak cable affected by PN17, SCG has in a short period of time become the leading and preferred supplier of cables in Malaysia. It potential is huge and the prospects is brilliant.

6 The investing public and possibly some funds and institutions have begun to see and recognize the great potential in SCG and its future intrinsic value.

7. Basing on the sudden spike in volume and persistent rise in share price, it is not surprising that SCG already has some impressive big funds or institution added into its shareholders list.
8. To steadfast and die hard investors, scg has begun to shine. Someday you endurance and perseverance will be rewarded. This time it is real. I think so.

9. I have selfishly remain silent and refrain from commenting on the positive and radical change in the fundamental of SCG since the most recent quarter result announcement.

10. It is not entirely a bad thing to get stuck with SCG. It is like been trapped in a terrible traffic jam in your Porsche with a girl friend of wife material.
11. The longer the better.
Happy journey and happy trading
22/10/23

1 month ago

That is why u won't buy at $0.29 level and always enter when price had already shoot up, but no doubt in the safer bets.

1 month ago

minher

RHB IB: Southern Cable’s RM1b orderbook provides earnings visibility for next three years

KUALA LUMPUR (Oct 25): RHB Investment Bank Research has valued Southern Cable Group Bhd (SCG) at 50 sen and said SCG’s orderbook, worth more than RM1 billion (1.14x cover ratio), provides earnings visibility for the next three years.

In a note on Wednesday, the research house said with an unyielding need for power and cables, SCG 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.

RHB IB said SCG recently secured a RM332.1 million contract from Tenaga Nasional Bhd (TNB) for the supply of underground cables and conductors, bringing its year-to-date (YTD) contract wins to more than RM500 million.

“On the back of a solid orderbook and Malaysia’s shift towards using RE, the power grid upgrades, and SCG’s growing export sales and recovering margins, we expect it to record a FY22-25F earnings CAGR of 24.3%.

“Our fair value is derived from 15x FY24F P/E. This is a huge discount to its international peer average for the cables and wires business, given SCG’s smaller market cap, local-centric business, and lower margins,” it said.

However, the research house noted that it is one of the sector’s cost leaders and possesses the widest range of product offerings locally.

“It also enjoys the lion’s share of demand for cables from TNB.

“Key downside risks include its dependence on capex spending by the power industry, escalation of input costs, fluctuation in commodity prices and margin pressure due to competition,” it said.

1 month ago

Ahmadrazak

Strong buying momentum this morning. Should able to break 40sen soon. Huge contract on the way

1 month ago

Peace99

@Trader808 I like your statements 10&11 summary!
I am keeping a lump of SCG, the longer the better!!

1 month ago

I saw SCG hit 0.4 for the first time in so long today

1 month ago

pancamatari62

very hard to breakout

1 month ago

How trader808, sell or hold?

1 month ago

damansaraeagle

it will breakout

1 month ago

pancamatari62

haihhh tireddddd

1 month ago

KUALA LUMPUR (Oct 25): RHB Investment Bank Research has valued Southern Cable Group Bhd (SCG) at 50 sen and said SCG’s orderbook, worth more than RM1 billion (1.14x cover ratio), provides earnings visibility for the next three years.

In a note on Wednesday, the research house said with an unyielding need for power and cables, SCG has emerged as a thriving player in this evergreen market, poised for continuous expansion.

“On the back of a solid orderbook and Malaysia’s shift towards using RE, the power grid upgrades, and SCG’s growing export sales and recovering margins, we expect it to record a FY22-25F earnings CAGR of 24.3%".

1 month ago

niktraderinvestor

When qr expected to out?

1 month ago

pancamatari62

engine is starting

1 month ago

ov123

file:///C:/Users/USER/Downloads/my_southern_cable_group_trading_idea_20231025_rhb.pdf

1 month ago

Simple Man

why so huge no. of dispose? something wrong?

2 weeks ago

tomwah

yeah ,im in

1 week ago

pzam83

Niceeeeee....

1 week ago

Best Ever QR. Fantastic!

1 week ago

cedcan

Go go go

1 week ago

sriweld

Results way above all analysts forecasts. Annual sales will be above RM1b. Excellent growth, Time to fly.

1 week ago

here always sell on good news hahaha. maybe next EoY break 40c

1 week ago

KUALA LUMPUR (Dec 7): MIDF Research expects the FBM KLCI to grow to 1,665 points by the end of 2024.

"The key beneficiary is in the asset ownership space from both renewable energy (RE) capacity expansion and GRID UPGRADE investments. The RE engineering, procurement, construction and commissioning (EPCC) sub-sector is also a big beneficiary of NETR, given [its] massive potential for orderbook expansion," he added.

3 days ago