0.425 now

price up

Tommorow fly?

YES....after sell at .35 then buy back at at 0.215

today could reach 0.42

accumulation stage

Correction stage

Annoucement kepala hotak dia

blah la banglaman. very annoying

ye la annoying

mqtech T4 today

can buy again at 0.30 maybe

Nasib sudah buang dekat 0.35 semalam

0.345

minetech very good. Always sell at 0.34 and buy back at 0.30

today rocket?

wow kieus7663 you are right. lucky still hold cause enter at 0.5

Meaning they will use KNM expertise

so Masila why are you still here if you already throw everything? regret?

Finally

Looiks please comment

Riaz1954...jgn mcm PH main fitnah je....tunjuk fakta la bro

he he

i THINK SO

this stock is not for traders

0.30
Yahooo

touch 0.39

2.90

you mahu beli ke, mahu jual ke apasal mahu orang lain ikut sama? Bising saja

engine restart

yela....now everyday say got numbers..........just wait la...another 2 years only. Who ask you to resign?

86% buy...yes...

What happen?

0.27

sell @ 0.465 for 18% profit. Wil go in again if can get 0.44

Engine ram today?

Big Volume

Yup

Finally move...sold at 0.42

YES....today reach 10%

Volume is coming

Tomorrow FLY?

load at 36

CPO price keep going up. Thanks to India gov

hope can touch 0.43 today

Yes....hari ni lah :)

today discount

up

15 MAY 2020

MOMENTUM TRADING OPPORTUNITY

COUNTER : SARAWAK CABLE BERHAD or SCABLE (Code 5170, Main Market, Industrial Products & Services)

BASIC FACT SHEET
- Market Capital : RM 69.75 million
- Total Floating Shares : 317.05 million
- NTA : 50 cents
- Major Shareholder - DS Mahmud Abu Bekir Taib (27.38%), Sarawak Energy Berhad (16.53%)

BUSINESS PROFILE

i. SCABLE is a Sarawak based conglomerate involved in sales of power/telco cables, galvanised products & steel structures, transmission lines, power generation and helicopter services
ii. Sarawak Energy Berhad is a majority shareholder and therefore is considered a state-backed company
iii. Revenue is consistent between RM 150 - 250 mil a quarter for the past few years. Has a strong client base

PROSPECTS

#1- Right now trading at discount of about 60% to its NTA of 50c

#2 - Has a cash position of RM 87.9 mil (market cap now is only RM 69.75 mil), therefore able to storm the short term volatility caused by COVID19

#3 - Currently undergoing restructuring so that costs can be managed better for company to make profit

#4 - Among the initiatives are disposal of its helicopters which are loss making (in March 2020) and also sales of land to Mexter Glove Manufacturing (Oct 2019). All these will improve company balance sheet

#5 - Also, SCABLE 78% owned Indonesian unit, will complete its hydro power dam project by end May 2020, which will be able to generate RM 40-50 mil revenue by having a 20 year power purchase agreement with Indonesian energy authorities

TECHNICAL ANALYSIS

i. Hit a high of 41c in December 2019
ii. Price went to a low of 10c in March 2020, however low volumes were traded at the bottom of market
iii. Broken EMA14 at 20.5c. Next EMA200 is at 26.4c and EMA365 at 32.5c
iv. Volume increases indicating healthy trading momentum towards higher prices
vi. Possible to make a V-shape recovery should there be any forthcoming good news in announcements

why looses? How to know?