Posted by tingpangeng > 2021-05-06 20:11 | Report Abuse

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

Posted by XxxxXzz > 2021-05-06 20:15 | Report Abuse

Monopoly cement supplier in sarawak haha. Once Indonesia change capital to kalimantan, more cement required to build the new town

Posted by MorningGlory123 > 2021-05-06 20:17 | Report Abuse

Sulaiman Taib no longer CMS major shareholder

https://www.thestar.com.my/business/business-news/2020/03/28/sulaiman-taib-no-longer-cms-major-shareholder

Posted by MorningGlory123 > 2021-05-06 20:19 | Report Abuse

Financial scandals are pandemic too

https://www.thestar.com.my/business/business-news/2020/07/11/financial-scandals-are-pandemic-too

Posted by ivanlau > 2021-05-06 20:31 | Report Abuse

Insider news...... this stock may further drop to 1.30 as " financial scandals are pandemic too " .... think about that..........

Posted by wongck > 2021-05-06 20:43 | Report Abuse

https://www.klsescreener.com/v2/news/view/825405/cms-to-hire-external-consultant-in-financial-management-probe

Have strong confident with CMSB

Posted by tingpangeng > 2021-05-06 21:02 | Report Abuse

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

Posted by Godofgambler > 2021-05-06 21:04 | Report Abuse

You know cmsb belongs to who?
Tp4.00
Buy now before it rockets high

Posted by James Ng > 2021-05-06 21:15 | Report Abuse

https://klse.i3investor.com/blogs/general/2021-05-06-story-h1564318515.jsp
[转贴] [Video:浅谈CAHYA MATA SARAWAK BHD, CMSB, 2852] - James的股票投资James Share

Posted by XxxxXzz > 2021-05-06 21:19 | Report Abuse

Kenanga also belong to cmsb haha, who can beat tun Taib family lol.

Keep posting old news doesn't affect others. Too late when you didn't enter haha.

Posted by Godofgambler > 2021-05-06 22:40 | Report Abuse

Wow.. James Ng also come here posts...
Tomorrow sure fly....

Posted by tamp0i > 2021-05-06 23:16 | Report Abuse

Woot woot... With this kind of volume it won't be rebounding in an instant... Anticipate the price I entered 1.10 hahaha

Posted by fkleong > 2021-05-06 23:27 | Report Abuse

Remember tomorrow is Friday. No investors want to keep stocks over the weekend.

Posted by XxxxXzz > 2021-05-06 23:30 | Report Abuse

Sakit hati ini leong, haha because u didn't enter then don't cry here la haha

Posted by XxxxXzz > 2021-05-06 23:31 | Report Abuse

When you no hoot, then don't jealous those who dare enter today wahaha. We bear our own risk, no one know what announcement coming after closing market lol.

Posted by DreamHunter > 2021-05-07 00:49 | Report Abuse

ha ha ha

Posted by DreamHunter > 2021-05-07 00:49 | Report Abuse

yah kah

Posted by DreamHunter > 2021-05-07 00:50 | Report Abuse

okay la

Posted by wongck > 2021-05-07 07:21 | Report Abuse

Cahya Mata Sarawak Bhd (CMS) announced that its deputy group chairman Datuk Seri Mahmud Abu Bekir Taib has accepted a request from the board for him not to take the leave of absence as announced in April. CMS said the board’s request for Bekir to stay on was made after it concluded that the allegation of possible conflict of interest involving Bekir and former chief information officer Karl Vink @ Khalid Abdullah was “without basis”.

Posted by wongck > 2021-05-07 07:24 | Report Abuse

https://www.klsescreener.com/v2/news/view/825413/%E7%88%86%E8%B4%A6%E7%9B%AE%E4%B8%91%E9%97%BB-%E7%A0%82%E5%B7%9E%E6%97%A5%E5%85%89%E4%B8%80%E5%BA%A6%E6%9A%B4%E8%B7%8C23

Posted by tingpangeng > 2021-05-07 08:09 | Report Abuse

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.

Posted by Bgt 9963 > 2021-05-07 08:24 |

Post removed.Why?

Posted by Diamond7 > 2021-05-07 09:08 | Report Abuse

Buy buy...
Allegation....no basis

Later back to 2.00

Posted by Diamond7 > 2021-05-07 09:08 | Report Abuse

NTA 2.62

Posted by Needluck > 2021-05-07 09:15 | Report Abuse

trap?

Posted by Diamond7 > 2021-05-07 10:20 | Report Abuse

@Needluck...I dun know!
Lucky I buy panic selling yesterday at 1.58
Think should be ok

Posted by TedTock > 2021-05-07 11:04 | Report Abuse

This is a great example of being greedy when others are fearful heheh… congrats to those who dared

Posted by XxxxXzz > 2021-05-07 11:30 | Report Abuse

Apa nak takut lol, masih ada 10% profit even now 1.74, long term confirm naik punya, if you want direct goreng up then just leave haha

Posted by tingpangeng > 2021-05-07 13:03 | Report Abuse

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.

Posted by anmmnb08 > 2021-05-07 17:49 | Report Abuse

i had worked with cms and i strongly believe that the company has very strong footing in sarawak since taib mahmud. what more is sarawak represent many parliament seats in malaysia and federal gov requires their support. and Ge15 will be this year soon. historically, the share price will trend higher before ge date...

Posted by tingpangeng > 2021-05-07 18:25 | Report Abuse

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

Posted by Start_0f_the_bull > 2021-05-08 10:44 | Report Abuse

https://www.sinchew.com.my/pad/con/content_2473168.html

Posted by Keyman188 > 2021-05-08 11:02 | Report Abuse

This counter is part of Keyman188 darling stock...

But at the moment Keyman188 not really take the high risk (since we only small potato & tomato with limited funds)

Since whistleblower financial scandal to the market...

Need more & more cautious & alert when putting the bet...

Especially for those IB start to revise lower target price...

Furthermore need to reconsider is it the right time to be hero & warrior to challenge the current situation...

Don't forget all asset managements need to compliance to each investment policies to protect unit holders...

Once any "whistleblower" on any scandal...asset management need to pre-cautious action to minimize the risk...


Be more alert...Be more alert...Be more alert....

Posted by Keyman188 > 2021-05-08 11:08 | Report Abuse

Thankful to @MorningGlory123 for reminder...

Keyman188 really forgotten this case for the last 17 years ago...

Keyman188 still can recall this Transmile was part of the darling stock amongst a lot of fund managers (even though EPF as well)...


We really appreciate your reference.....


Cheers...........






Posted by MorningGlory123 > May 6, 2021 7:17 PM | Report Abuse

do you all remember Transmile (stock code : 7000) financial scandal case?

do you all know that time 3 biggers major shareholders incurred heavily losses due to financial scandal incident?

Posted by Keyman188 > 2021-05-08 11:18 | Report Abuse

Perhaps internal management knew the scandal that's why major shareholder skip the boat 1st !!!.......

Seem like CSR not proper to manage in local market...







Posted by MorningGlory123 > May 6, 2021 8:17 PM | Report Abuse

Sulaiman Taib no longer CMS major shareholder



Posted by Start_0f_the_bull > May 8, 2021 10:44 AM | Report Abuse

https://www.sinchew.com.my/pad/con/content_2473168.html

Posted by Start_0f_the_bull > 2021-05-08 13:51 | Report Abuse

Just wonder wasn't the share price rebouned after that?
-----------------------------------------------------------------------------
Posted by MorningGlory123 Sulaiman Taib no longer CMS major shareholder

https://www.thestar.com.my/business/business-news/2020/03/28/sulaiman-taib-no-longer-cms-major-shareholder
06/05/2021 8:17 PM

Posted by hksoon > 2021-05-08 16:53 | Report Abuse

Maybank giv Tp at Rm1.75 suddenly ! ! ! CMSB昨日宣布，Syed Hizam被停职，以调查财务管理不善的指控，导致股价昨日大跌33仙或16.26%。

马银行投资银行研究今日在报告中把CMSB的目标价从2.50令吉调低至1.75令吉，因为在其估值倍数上加上了“治理风险因素”

And Ta Secu giv Tp Rm2.40 latest.

Posted by hksoon > 2021-05-08 16:54 | Report Abuse

skip the boat 1st, skip D Titanic

Posted by TedTock > 2021-05-08 19:04 | Report Abuse

If i read it right, this is an ESG issue involving a vendor contract award and the losses have been accounted for. Transmile I believe was largely an accounting scandal that involved heavily manipulating the numbers to mislead shareholders. That’s more than a subtle difference imo.

Posted by TedTock > 2021-05-08 19:07 | Report Abuse

One was a poorly run business pretending to do well while the other is a functional business with some hanky panky happening.

Posted by Start_0f_the_bull > 2021-05-08 19:18 | Report Abuse

But EPF was buying. Company share buy back 200,000 units yesterday. So what do these mean?

Posted by XxxxXzz > 2021-05-09 03:14 | Report Abuse

Aiyah, tun Abdul Taib Mahmud are the one control the company, his son who leave doesn't affect the company. Tun are the one who control GPS party. Then no problem to the business, unless one day you found out there is another cement licence issued to other comoany LOL

Posted by XxxxXzz > 2021-05-09 03:23 | Report Abuse

All talk like very professional in order to get cheap ticket haha, but the company won't allow this happened, they will buy and sell u at 2.20 again like last time wahaha

Posted by bf70 > 2021-05-09 09:57 | Report Abuse

There is a hustle https://m.youtube.com/watch?v=3ZyT6QW5Pdo

Posted by tingpangeng > 2021-05-09 13:04 | Report Abuse

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。

Posted by bf70 > 2021-05-09 14:32 | Report Abuse

Like it's said, Fraud/scam hard to detect.

Posted by Keyman188 > 2021-05-09 14:34 | Report Abuse

Too confidence newbies...

Sooner or later "Time will tell you the truth"...

Posted by bf70 > 2021-05-09 14:47 | Report Abuse

Then see and watch TA for any confirmation pattern and volume.

Posted by Keyman188 > 2021-05-09 14:49 | Report Abuse

Not all the stock necessary to use TA...

Sometime TA can kill the market...

Posted by ivanlau > 2021-05-10 20:16 | Report Abuse

MCO again, foresee will go down to 1.50 in May, today closing 1.68 .