Analysts Neutral On Taib-Linked Companies reported by The Business Times.

Analysts are neutral on companies linked to Sarawak Chief Minister Tan Sri Abdul Taib Mahmud and expect policy continuity in the resource-rich state under Taib's successor.

They said these companies have strong fundamentals and the state's new development area, the Sarawak Corridor of Renewable Energy (SCORE), will progress as planned.

Meanwhile, Maybank IB Research has maintained its "neutral" rating on Sarawak following Taib's decision to retire, saying it expects policy continuity and SCORE to proceed.

All aboard!

Torstein and Wu exchanging documents after yesterday’s signing between Sarawak Energy and Malaysian Phosphate Additives (Sarawak) Sdn Bhd.

KUCHING: Sarawak Energy, via its wholly-owned subsidiary company Syarikat Sesco Berhad (Sesco), yesterday signed a Power Purchase Agreement (PPA) Term Sheet with Malaysian Phosphate Additives (Sarawak) Sdn Bhd for the supply of 150 MW of power.

The RM1.04 billion investment by Malaysian Phosphate Additives (Sarawak) Sdn Bhd signifies robust demand for energy and positive market dynamics in Sarawak.

Malaysian Phosphate Additives (Sarawak) Sdn Bhd’s 500,000MT per annum phosphorus plant is the first of its kind in the nation and the Asean region.

The penning of the agreement will be beneficial for their plant in Samalaju Industrial Park to manufacture food phosphates, animal feed phosphates and fertiliser phosphates for use in local and export markets.

Signing for the agreement were Sarawak Energy’s chief executive officer Datuk Torstein Dale Sjotveit and Malaysian Phosphate Additives (Sarawak) Sdn Bhd’s director Wu Sor Hwa.

According to Sjotveit, Sarawak Energy has created an avenue for foreign investors and local players alike to increase their presence through renewable energy in Sarawak.

“The steady pace of investment shows investors’ confidence in the state which contribute positively towards the State’s development and the country’s economy in the long run,” he said.
Wu also commented that they look forward to grow and sustain this affiliation with the green
energy power house in Sarawak while expanding their business frontier.

“In the present era of technology, it is imperative that we keep ourselves aligned to a more efficient and effective source of energy whilst moving forward.” Wu said.

Under the SCORE initiative, the government is implementing a comprehensive plan to develop the state’s economy and financial strength by attracting foreign investments and creating employment in energy intensive industries via its generating of bulk renewable energy.

To support this, Sarawak Energy is committed towards harnessing the abundant hydroelectricity resources in a sustainable manner, compliant with Sarawak and Malaysian law and guided
by international best practices.

This will result directly in the people of Sarawak enjoying higher income and improved standard of living.

Sarawak Energy’s projections indicate that by the middle of the next decade, residential, retail and commercial customers in Sarawak will require 2,000 MW while SCORE customers will consume at least 6,000 MW.

The State’s GDP is expected to expand 5-fold by 2030 when SCORE is fully operational and an approximately 1.6 million jobs to be created.

Our beloving P Ramlee said " Irama dan lagu tidak boleh di pisahkan". Think about this, SCORE and SCable?? What is the future of SCable?? Abundance!

Let us echo again Amresearch remarks in STAR recently:

State-owned Sarawak Energy Bhd (SEB) is also one of SCablemajor shareholders.

In a November 2013 note, AmResearch analysts who visited the company said Sarawak Cable was expected to secure more transmission jobs in the state.

And income from the big projects secured last year should start to trickle in the next Quarter earning.

And close +3 sen to 1.53. Keep climbing slow and steady Scable.

2.33 dulu lah upsidedown per AMMB TP.

And biting 1.53 now! Yiup, 1.53 done.

It is go against the bear! 1.52 now. Want to catch the train??

Vroom vroommmmmm!!! No wonder.

Today closed 1.50 again but good thing buying volume queuing keep building up. This could be base for Scable to catapult higher. Or could that be people with inside news keep accumulating??

DJI up by +196 and heading +200. If stays this way, good effect to KLSE tomorrow.

Dow Jones climbs +191 points now!

Dow Jones +190 points now!

From RHB Research

CMS’ share price declined 11.1% on rumours of the Sarawak CM stepping down. While this could happen by end-February, he could be appointed the State’s new Governor. Thus, CMS’ selldown may have been overdone as its businesses are expected to go on as usual. The new CM is also likely to carry on with SCORE developments ......

If the above assessment betul, this surely will give +ve implication to companies like Scable too. Go Scable!

Go Scable Go! Another 5 sen up tomorrow.

Now merrier sedikit :) :) :) :) and valued 40 sen tomorrow.

Not bad. 1.51 on sight now. come on buyers!

FT, lend me la your support. it touches 0.48 today. also not bad.

half a million volume transacts so far today. not bad considering it has drifted sideways for sometimes. so is it a signal good news coming???

Not much seller compared to buying queue. Will likely close at 1.50 today. Follow the insider cue....

Buying interest building up.

Insider buy, I follow.

+180 points now. If maintain +150 to +180 will be good story for KLSE tomorrow.

And climbing still. +180 now.

+167 points up now!

+167 points now.

It is +155 now. Cantik for boosting sentiment.

This will help to boost sentiment at times when quarter result will be released. Cantekkk!!

Dow Jones at +153 points now!

And it is almost crossing +150 now!

DJI +145 now and potentially further climbing. Good potential at current price.

Dow Jones now up by 140+ points!

Dow Jones climbs up +140 now! And copper price down. Good ingredient for share price to climb up.

Call Crawler. He may get insider info on Scable. Saw him crawling on other forum.

The indicative will be with Balingan........

Aluminum price down, copper price down. Will profit margin for SCable up??

DJI continus to be +20 pts. So long it continues uptrending, good for L & G.

Dow Jones trending positove Again. It is now +26 pts.

Dow Jones recovered and climbs up again and now +17 pts. Hope it will stay positive when closed of the day.

Some write up on falling price of copper, main ingredient to make cable.

Copper fell for a ninth session, locking in the longest losing streak since December 1995.

You’ll be forgiven for missing it.

The current decline has featured exactly one interesting trading day–the 1.5% decline on Jan. 23 after data showing manufacturing in top consumer China contracted.

The market has drifted lower since, notching an average daily drop of 0.4% in low volume as Chinese traders packed up and eventually left for a weeklong holiday.

“It’s been more of a kind of erosion” than a dramatic selloff, said Stephen Platt, a futures strategist with Archer Financial Services. “Chinese demand is not coming on as strong as it once was, undermining the market.”

Traders say the looming absence of the market’s largest buyer helped drive the retreat, and could keep prices under pressure until markets there reopen on Thursday.

Granted, there’s nothing keeping a Chinese copper importer from picking up the phone to take advantage of the 5% drop in prices before then. But buyers may not yet see a bargain in the lower copper price.

Supply is set to exceed demand in the global copper market in 2014 for a second year, and traders may have to contend with a slowing China as well as questionable demand from emerging markets.

After today’s weaker U.S. manufacturing data, copper fell 0.4%, again, to $3.1835 a pound, a two-month low.

And the DJI uptrend breaches 100 points now!

Almost breaching + 100 now DJI! Go DJI Go!

+87 now. Good news for tomorrow KLSE.

Keep going north. +80 sudah now DJI.

DJI reverses 70 pts now! Hopefully continue heading north.

DJI up 70 pts now.

Recovered a bit, now drops 116 pts.

Copper price is coming down.

Feb would be month for Scable.

Compared to same period last financial year, Q1 and Q2 sudah turnaround nicely. Hopefully Q3 will continue the trend.

Where gor same flying with Mas and Airasia. One time flying Airasia macam naik bas sangkut sangkut. Orang berebut tempat duduk. We cannot equate Mas with Airasia.