Anson motives is to spread the negativity on CMSB so that innocent people will dump for him to buy at depressed price. He studies the stock and knows well that the stock has more positive than negative and will return to its fair value in due course hence his strategy is to collect as much as possible at the depressed price . It will be interesting one day to see him cheering for the stock once he has collected enough and the stock is on its way up after the PRN. Lol

Be a contrarian, a safer approach

Jenny , 日光固然好但星期一如果整体都铁的话那选择也就也多了起来 lol

谁要握掉刀可要小心哦，免得受伤

Sell on news

Hurdles cleared… on your mark…get set …GO lol

Up ? Hardly will, KPMG governance report needs to be known first then election news and QR will lift it up

Huge volume of hurdle ahead to move forward , still in“wash down” phase , lol. The paint drying process is painfully slow lol

CMSB has been trading sideways for the past 5 weeks. RSI bullish divergence is spotted in this stock as RSI creates multiple higher highs and higher lows. This could imply that the bulls might be ready to take control soon and it often marks the end of a downtrend.
S1 (RM1.08) is the resilient support. Investors or traders must be cautious if the price drops below S1. PPT1 (RM1.26), PPT2 (RM1.48) and PPT 3 (RM1.77) are the price targets if a position is open at the closing price. These indicate the potential gains of CMSB are 16.62%, 37.50% and 64.34% respectively.

and balance to mitigate inappropriate of governance will definitely restore investors confidence back in CMS

Sum of the part valuation was 40% to 60% discounted to the fair value per share of 2.7 just because concern on governance!, hence if KPMG assurance undergoing now can provide solutions to check

Exciting announcement hopes can soften the negative news impact due to WM political unstable and covid cases escalation at WM ( thanks goodness S’wak is under controlled with vaccination progressing very well) .....

Cahya Mata Sarawak Bhd said Datuk Sri Sulaiman Abdul Rahman Taib has taken the role of managing director in the company.

Following Sulaiman's return to the helm, former boss Datuk Isaac Lugun has been redesignated as non-independent and non-executive director effective July 8.
"We are pleased to welcome Sulaiman to lead the Group," said group chairman Tan Sri Abdul Rashid Manaf said in a statement today.

"Sulaiman’s familiarity with Cahya Mata Sarawak and his wide-ranging experience in businesses will be invaluable to Group as we consolidate, streamline, and move the Group toward a new growth path, post pandemic," he added.

Abdul Rashid said this transition was due to the early retirement of Isaac, who, will continue to be with the group in his new capacity as a board member.

Sulaiman, 53, has previously served Cahya Mata Sarawak in various capacities there from 1995 to 2008.

During his 13-year tenure, he assumed various positions including that of Group Chairman, and Group Executive Director.

Sulaiman was re-appointed to the board on June 22.

Political factor will be a major issue faced by Bursa. When can we have peace of political stability ?

A quick refer to Bursa announcement , EPF trimmed the share holding from 99 million on 23/6 to 64 million shares ,climax on 25/6 plus last few days continuous subsided disposable has stabilise/plateau the share price which might leads to sideway moving forward bearing no more major disposal until period it will pick up or down momentum again depending on whether or -ve catalyst news. My two cents .

EPF is looking for money everywhere to meet i Citra demand ...sold off 10 millions shares of blue chip Harta hence is CMSB is not spared

The counter is fundamentally sound , not many have the ability to catch at the bottom , if you do counted yourself damn good in reading the chart , difference of 2 or 3 bids wouldn’t make you rich anyway.

James, your analysis on CMSB is very factual and detail , personally I would reckon at current price of RM1.1 is very attractive further with PE single digit and NTA at RM2.7 and vast business ventures across Swak , monopolistic in cement and diversified business , also appointment of auditor to rectify mismanagement is a good sign of not in denial mode to improve the governance are all good hence it is definitely not another SD. Disclaimer, I have skin in CMSB and will continue to buy more if dip further. Thanks James

美国银行表示，随着旅行需求反弹，油价明年可能飙升至每桶100美元。这是主要预测机构中迄今对油价最强劲的预期。

该行在一份报告中表示，随着经济复苏提振燃油消费，同时新产能投资受到环境问题的影响，2022年的全球原油消费将继续超过供应。

该行驻纽约的大宗商品研究主管弗朗西斯科布兰奇表示，“有很多被压抑的石油需求准备好释放。”布兰特原油期货周一接近每桶74美元。

尽管从大宗商品交易商Trafigura集团到高盛等其他机构已经预测，在合适条件下，油价可能再度触及每桶100美元，但美国银行上述预测是迄今为止最坚定的。

如果原油价格真的重返三位数，将是2014年以来首次。

日益看涨的油价前景，正给沙地和俄罗斯牵头的OPEC 联盟增加压力。后者将在下周举行会议，考虑恢复在疫情期间减掉的部分产量。

He is sharing his personal experience on failed holticulture business , let applaud him for the gut to admit the failure

Few millions of CRPS converted and conversion price is way below the ordinary shares thus create the bottlenecking ?

Thanks Tamp0i, previous low are roughly around 0.9 and 1.1 let wait a little longer whether next support 1.29 will be breach, then scale the entry.

RSS’s action and effect? A million ringgit question

So many Swak counters , granted if remind dont look at AK related counters but they are pmetal, dayang, KKB etc , election coming will lift these counters

Tomorrow OM Materials listing will it have ve impact on cmsb? Hope can lift sentiment on CMSB

CMSB has strong ties and backing by GS. GS is a strong coalition coming state election will retain power, CMSB is temporary setback but definitely not knocked down.

Yes he is

There is a potential of sell on news on this coming Tuesday but for those who bought in at last closing price and believes in the revenue / profit growth potential of Hibiscus with ability to hold will be reward handsomely in the mid term

PETRONAS jewel of the crown is PETRONAS Carigali SB (PCSB) , Hibiscus with an impressive track record as PAC and added reserves from this acquisition will place her in the same league like PCSB. Well done Hibiscus for the amazing achievement to continue create value for the stack holders

In the o

recorded a three-and-a-half fold higher net profit of RM77.8 million for the first quarter ended March 31, 2021 (1QFY21) compared with RM17.28 million in the same period last year....great quarter result

Buy on rumour , sell on news . No?

The technical chart is curving up , fly ! bunga Raya fly !

I also wish to exercise my foresee , I foresee it will return to above 2.0 hi hi hi

Public Investment bank has maintained its OUTPERFORM rating on the stock with a target price of RM 1.16.
This is at the boosted by the future out look of the company.
” Astro is looking to introduce new over-the-top (OTT) streaming service partnerships in the near term, apart from the existing HBO Go, iQiYi and Astro Go, with an aim to cater for the diverse Malaysian market. This may help to mitigate the impact of the change in Disney’s business model.
In addition, we opine that the Home-Shopping segment will be one of the main drivers going forward, as the group is looking to leverage on the enlarged customer base via better product offerings.”

Walt Disney picks Astro for Disney Hotstar streaming service

The Walt Disney Company has appointed Astro as an official distributor of the Disney Hotstar streaming service in Malaysia which will be launched on June 1.
Astro group CEO Henry Tan said the company was delighted to be an official distributor of Disney Hotstar in Malaysia and to aggregate more world class content on its platform.
Astro's Movies Pack customers will soon be able to stream world-class entertainment on Disney Hotstar for an additional RM5 per month while non-Movies Pack customers can also enjoy Disney

经纪简评：砂州日光

证券行 最新目标价（令吉）前期目标价（令吉）评级

达证券 2.40 2.40 买进

兴业研究2.252.90买进

马银行研究1.75 2.50 持有


故达证券在分析报告中写道，相信该集团的业务不会受此利空消息影响，独立调查也不会影响日常运作。

“我们认为当前股价大跌，为投资者创造了优渥的风险回酬，因此将评级调高为‘买入’，但维持2.40令吉的目标价。”

分析员也预计，砂查也马特能够不受事故影响，继续在来临的季度交出强劲业绩。

Today is a wrestling match between bull and bear which at the closing bell the bull prevails a little bit but good enough. Looking forward to next week another week of excitement before duit Raya distribution yea

KUALA LUMPUR (May 7): Shares in Cahya Mata Sarawak Bhd rebounded slightly from a sharp selling yesterday after the company brushed off allegations of a conflict of interest involving its group deputy chairman Datuk Seri Mahmud Abu Bekir Taib.

However, analysts have mixed views on the investigation of possible financial management involving its chief financial officer Syed Hizam Alsagoff, which CMS has clarified is a separate matter altogether.

Shares of CMS opened higher and rose as much as 10 sen from its five-month low of RM1.70, before paring some gains to still trade up 6 sen or 3.53% to RM1.76.

The counter fell 33 sen 16.26% on Thursday after CMS announced Syed Hizam was suspended for one month as investigations take place.

Maybank IB Research in its research note today lowered its target price to RM1.75 from RM2.50, after it tagged a “governance risk factor” on its valuation multiple.

“At yesterday’s briefing, CMS’ group managing director clarified that matters relating to its deputy group chairman and group CFO are unrelated,” it said.

In the note, Maybank IB said the issue stemmed from losses at PPES Works Sdn Bhd, a 49% unit of CMS which owns 70% in a joint venture with Bina Puri Sdn Bhd for the RM1.36 billion Pan Borneo Highway Phase 1 WPC06 contract.

“What triggered the case-in-point was Pan Borneo’s contract/construction losses at PPES Works Sdn Bhd,” it said. At the 70:30 JV level, the project is still profitable,” it said.

CMS, it said, is drawing the Terms of Reference (ToR) to appoint a consultant by mid-May 2021.

“As the ToR would also include a review of the group’s control system and risk mitigation measures to ensure no future recurrences, we think that the consultant’s work could take a while.

“Meanwhile, a potential share buy- back exercise may cap its share price near-term downside,” the research house said.

Separately, TA Research has kept its target price of RM2.40 on the counter, maintaining the bullish view shared by analysts over the counter prior to the incident.

“Based on management’s guidance, the total loss incurred was about RM54 million, which had already been recognized in the previous financial years.

“We are of the view that if the allegations are proven to be true, it would certainly affect the Environmental, Social, and Governance (ESG) rating. Nevertheless, we believe that business operations will remain intact as the investigation will not affect the daily operations,” it said.

“We reckon that the group is likely to achieve stronger earnings in the upcoming quarters, underpinned by healthy demand for building materials from the local infrastructure projects as well as the strong recurring income from [telco infrastructure unit] Sacofa.

“Meanwhile, we expect OM Materials (Sarawak) Sdn Bhd will return to the black, thanks to the strong recovery of average selling prices for ferrosilicon and manganese,” said TA Research.

CMSB owns OM Material at Samalaju industrial zone which the plant consists of 8 main workshops, with two units of 25.5 MVA furnaces in each. Out of the 16 furnaces, 10 are allocated for the production of ferrosilicon, and 6 for the production of manganese alloys.

In the sea of red , kawan’s green indicate some good news , could it fantastic quarter result?BI?

it is set to acquire new producing assets amidst the exodus of foreign Production Sharing Contract (PSC) contractor from Malaysian oil and gas fields.

Speaking as Sarawakian, I have full confident in the company diversify businesses and management , political ideology aside purely from business perspectives

Will rebound gradually , zigzag up , bear in mind this is one of Sarawak core company so every effort will be make to normalise it back by State Govt

Past breach of trust , already accounted for in past account statements , yes! No worry be happy yea

1. Duties of the Group Chief Financial Officer ("GCFO") will be taken over by our General Manager, Group Finance - Madam Tan Mei Fung who has been with the CMSB Group for 24 years and has the requisite experience and knowledge to assume the role in the interim.



2. Concerns have been expressed to the Board on substantial investment and contract losses which have been accounted for and reported in our audited financial statements for 2016, 2017, 2019 and 2020. The nature of these transactions will be subject to review by an external consultant to be appointed by the Company.



3. CMSB is working on the appointment of an external consultant to undertake the investigation. The Terms of Reference ("TOR") are being drafted and expected to be completed within this week.



4. As stated under item 3 above the TOR are being finalised and the schedule for completion will be agreed with the external consultant to be appointed by middle of May 2021. The more important task of the external consultant, is to review whether there were sufficient effective controls and risk mitigation measures in place to ensure that there are no future recurrences.



5. None. As stated under item 2 above, these are historical losses which have been accounted for and reported in our audited financial statements for 2016, 2017, 2019 and

Fault alarm, tomorrow share price rebound forcefully . Yea! Ecstatic to the positive response to Bursa and resumption of deputy group chairman .

With the backing of Sarawak state Govt , I am comfortable to catch the knife at 1.63. No right , no wrong as investment is very personal in both responsibility and accountability

This is a company which pillars the growth and development of Sarawak. It is a real bargain now . Sure win if you buy thanks to today drops

这粒股真的那么脆落吗？mco3都还没宣布就不堪一击就跌了5-6%。 看走眼了！！

Monitoring the bid /sell price , pattern of pump and dump hence buyer beware ya