Posted by pang72 > 2023-02-27 19:02 | Report Abuse

Is the QR 2. 99c considered good?
Need sifu sifu advise!

Posted by value_seeker > 2023-02-27 20:10 | Report Abuse

You are sifu Pang72. You need to read fine detail. Sales up. Profit drop? Good Good?

Posted by hng33 > 2023-02-27 20:14 | Report Abuse

Q4 result much lower than expected mainly due to cement plant under Maintenace, unable to capitalize on higher cement price. Profit also drag down by startup cost for newly built phosphorus plant, which should only commercial operation in 2023.

Overall, CMSB cement division after shutdown for maintenance should benefit strongly from 2023 onward to capitalize on much lower feedstock thermal coal cost and elevated selling price and strong demand volume from Sarawak booming infrastructure work.

CMSB turn from net debt to net cash position RM 427m or about 43sen/share form as much as 31% of current market price and declare 3 sen as dividend.

Posted by speakup > 2023-02-27 21:10 | Report Abuse

average results imo

Posted by pang72 > 2023-02-27 21:11 | Report Abuse

Pls don't panic tmr if you see what you don't wanna see

Posted by speakup > 2023-02-27 21:15 | Report Abuse

it's not bad lah. just average je

Posted by hng33 > 2023-02-27 21:19 | Report Abuse

Strong balance sheet with Net cash 42sen/share + higher cash dividend 3sen, should cushion downside risk while awaiting cement reopening after shutdown maintenance in Q4 to boosts up profitability forward.

Posted by speakup > 2023-02-27 21:41 | Report Abuse

https://www.nst.com.my/business/2023/02/884136/cms-net-profit-surges-46pct-nearly-rm300mil-over-rm1bil-revenue-fy22

Posted by commonsense2 > 2023-02-27 23:07 | Report Abuse

The company's net cash position is actually more than RM 600mil or more than 55 sens per share if we include the investment securities which are debt and money market securities.

The growth for CMSB will actually come from their interest in the Phosphate business. Management is projecting that the business will turn cash flow breakeven in the current FY and P&L breakeven in 2024. By 2025 they are projecting that the business will deliver a PATAMI of RM50 mil to the group annually. That being said, all of this is based on the yellow phosphorus price of around USD4,000/MT. Current yellow phosphorus price in South East Asia is more than USD7,000/MT and in China it is around USD 5,300/MT.
Refer to link: https://businessanalytiq.com/procurementanalytics/index/yellow-phosphorus-price-index/

Another growth potential will be their new O&G business that they acquired from Scomi. CMSB is considered as the front runner for the USD 400mil Petronas' drilling fluids tender in Sarawak. The current contract will end in 2H23 so the award should be made soon. Still not clear on the potential profit margin of this tender. Appreciate if anyone has an insight on this. My friends in the O&G industry indicate that it's around 10 % profit margin but they are mostly operational guys and not really financial. So not sure of their numbers. Thanks.

Posted by Zrenxy > 2023-02-27 23:15 | Report Abuse

Tomorrow flying TP rm1.50

Posted by pang72 > 2023-02-27 23:15 | Report Abuse

If you like net cash company then follow sslee to buy INSAS lo..

Posted by hng33 > 2023-02-27 23:16 | Report Abuse

CMSB is very rare conglomerate and yet in net cash position. Its business empire spanning from cement, construction, property, road maintenance, have associate listed kenanga and kkb + upcoming new phosphorus manufacture plant and newly acquire scomi oil and gas service provider.

Cement main feedstock energy provider thermal coal now at lowest year level, offer great profit margin forward

Posted by hng33 > 2023-02-27 23:24 | Report Abuse

Insas essentially is investment holding company, have no core business operating. Therefore, insas need to conserve cash in order to invest in both listed or unlisted company and highly dependent on these investment return to generate income for insas. Thus, cannot ascribe normal valuation to reach fair value for insas due to fact that it relying on indirect profit from invested company and record profit through dividend/share of profit from invested company.

Posted by slts > 2023-02-28 07:35 | Report Abuse

habis,kyy will dump

Posted by Sslee > 2023-02-28 07:46 | Report Abuse

Insas core business is in M&A securities (broking, IPO, PP, RI, M&A advisory and underwriter services)
Insas credit and leasing(loans cor VVIP)

These core bisiness need a lot of cash reserve.

Posted by SincereStock > 2023-02-28 09:04 | Report Abuse

cut queue determinded sold all at open price RM1.28. disappointed with QR. good profit though, my entry price this round was RM1.13

Posted by curiousq > 2023-02-28 09:19 | Report Abuse

Wah! cheap sale loh !
Quick quick rush to buy ??

Posted by speakup > 2023-02-28 09:19 | Report Abuse

When the sharks post they give up, it's time to buy. Then big funds will masuk

Posted by SincereStock > 2023-02-28 09:23 | Report Abuse

@speakup shark? I am the mini retailer that queue 53 lot at lowest 0.94 just now. I never know since when I become a shark, good luck all btw

Posted by curiousq > 2023-02-28 09:25 | Report Abuse

Queue at 0.94? Wah! very cheap !

Posted by SincereStock > 2023-02-28 09:26 | Report Abuse

just to make sure I the first one to get out at 9am only, it won't open at 0.94 for sure

Posted by curiousq > 2023-02-28 09:32 | Report Abuse

OMG! run alrealdy ...... big fun will masuk?

Posted by Ahahah > 2023-02-28 09:38 | Report Abuse

@hng how do you know uncle is selling. He could be collecting now.

Posted by thesteward > 2023-02-28 09:39 | Report Abuse

Wah big selling

Posted by Ahahah > 2023-02-28 09:40 | Report Abuse

Budget allocation is very high for Sabah and Sarawak, CMSB will be benefit from the budget. 6 months ahead is very bright for the company.

Posted by sivapakiam311056 > 2023-02-28 10:10 | Report Abuse

cant understand why down when results are good

Posted by sivapakiam311056 > 2023-02-28 10:10 | Report Abuse

crazy counter

Posted by VincentTang > 2023-02-28 10:51 | Report Abuse

KYY is selling CMSB. Need few days just can finish sell. Better avoid CMSB now.

Posted by Believe3222 > 2023-02-28 11:50 | Report Abuse

Hahahahaha... Take few weeks to climb 15cents but one day enough slip 15cents

Posted by sivapakiam311056 > 2023-02-28 11:54 | Report Abuse

Well said bro, i totally agree

Posted by sivapakiam311056 > 2023-02-28 12:00 | Report Abuse

Someone is deliberately pressing the price down, for unknown reason?

Posted by sivapakiam311056 > 2023-02-28 12:00 | Report Abuse

donno whats the agenda behind it?

Posted by Nepo > 2023-02-28 12:03 | Report Abuse

this co totally can't buy

Posted by lloydlim > 2023-02-28 12:33 | Report Abuse

Let KYY sell & starts collect at price around 1.10

Posted by speakup > 2023-02-28 12:35 | Report Abuse

Already said long time ago, hard to push up cmsb when the sharks already inside. The fund managers won't push up for the benefit of the sharks

Posted by speakup > 2023-02-28 12:36 | Report Abuse

That's why I say nowadays when sharks promote a stock, it is actually a bane. Fund managers are reading i3 too

Posted by Joker68 > 2023-02-28 12:55 | Report Abuse

U never know anyone here in this forum are sharks too. Stay away from this counter!

Posted by pang72 > 2023-02-28 14:23 | Report Abuse

Uncle is smart to sell now before karma sifu..
This is the way to save uncle money else wil be like hengyuan rm6 to rm3. 5...80% capital wipe up

Posted by Income > 2023-02-28 14:42 | Report Abuse

Sell the news. This is the old traditional quote.

Posted by Income > 2023-02-28 14:43 | Report Abuse

Never margin call. I pray for safety. Crazy stuff happens.

Posted by Income > 2023-02-28 14:44 | Report Abuse

CMSB false breakout @1.22
Omg. Giler betul

Posted by Ahahah > 2023-02-28 14:45 | Report Abuse

Look like someone is collecting this counter.

Posted by Income > 2023-02-28 14:45 | Report Abuse

Pang72, you still inside here holding kah???

Posted by Income > 2023-02-28 14:46 | Report Abuse

Nowadays Kyy jelly can’t pakai anymore

Posted by pang72 > 2023-02-28 14:52 | Report Abuse

Income,
I don't own this stock for long time..
Karma people here, I dare not touch...

Posted by pang72 > 2023-02-28 14:53 | Report Abuse

Let them play themself.. Always the case

Posted by Income > 2023-02-28 14:59 | Report Abuse

The price is landing???
https://youtube.com/shorts/hjaB7OUvyoM?feature=share

Posted by Income > 2023-02-28 15:00 | Report Abuse

Gone 10.45% in a day . Tak Giler kah?

Posted by SincereStock > 2023-02-28 15:13 | Report Abuse

@sivapakiam311056 result is good but very far behind expectation that resulted the recent uptrend to RM1.3+, so going down afterward is much predicted

Posted by sivapakiam311056 > 2023-02-28 15:13 | Report Abuse

they deliberately bring the price dowm, so that they can pick them up cheap. Revenue n profit up but price can still come down? what nonsense is this?