Cahya Net Asset per share is at 2.4. Price now at 1.6+, deep discount. I hope that PM will reaffirm commitment to Sarawak Infrastructure projects and can even add more projects too. haha. Then Cahya can trade at RM 2 at least.
dont think the pm will be able to channel or approve new projects to sarawak so soon since his seat also goyang abit and now covid issues. hopefully coming quarter got good news
tamp0i Tabung Haji disposing everyday... Can't they wait higher to dispose? Like 3.0? ------------ 9th july they dispose 100000 shares only. which is very little lol
28 July 2020, Maybank IB research: Despite the earnings impact from the movement control order, Cahya Mata Sarawak Bhd (CMS) remains a liquid proxy to Sarawak's infrastructure potential, says Maybank Investment Bank Research.
"As the sole cement producer and a key construction materials supplier in Sarawak, CMS is poised to benefit from the wave of infrastructure spending in the state – Second trunk road, Coastal roads & bridges, Sabah-Sarawak link road, State water grid programme (via 20%-KKB)," said the research house.
just 1-2 big dog sell today. Tomorrow, will be more big dog coming in buy because of more good news like oil demand high and vaccine news become reality.
Commenting on CMS’ outlook and prospect moving forward, Dato Isaac Lugun said: “Despite temporary setback due to COVID-19 situation and the MCO, we are cautiously optimistic of better performance in the coming quarters, especially with all our traditional core businesses back in full swing to catch up with pending orders and works that were halted in 2Q2020. Meanwhile, we have also taken prudent steps to enhance our cost control initiatives including managing and rationalizing capital expenditures. Furthermore, we believe that the incoming mega infrastructure projects in Sarawak will bode well for our traditional core businesses especially the Cement, Construction Materials & Trading and Construction & Road Maintenance Divisions. We will continue to leverage on our local knowledge and experienced management team to maximise our participation in the Sarawak growth story
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
win_VS_lose
3 posts
Posted by win_VS_lose > 2020-06-02 12:33 | Report Abuse
Got chance to go higher today