Buy and keep, buy more when it is down, don't look at the screen the whole day. This counter has help me make more than 200k over the past 1 year....don't sell!
Please enlighten me, it is stated that the entitlement date is 26.06.14 as at 5.00 pm. How come when I check my hlebroking internet trading system, it still shows 1000 units instead of 3,000 units? Now it is already 9 pm.
MULTIPLE PROPOSALS CAHYA MATA SARAWAK BERHAD (“CMSB”) (I) SUBDIVISION INVOLVING THE SUBDIVISION OF EVERY ONE (1) EXISTING ORDINARY SHARE OF RM1.00 EACH IN CMSB INTO TWO (2) ORDINARY SHARES OF RM0.50 EACH IN CMSB (“SUBDIVIDED SHARE(S)”) (“SUBDIVISION”); AND (II) BONUS ISSUE OF 345,420,140 NEW SUBDIVIDED SHARES (“BONUS SHARES”) AFTER THE SUBDIVISION ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) SUBDIVIDED SHARES HELD IN CMSB (“BONUS ISSUE”)
CAHYA MATA SARAWAK BERHAD
Type Announcement Subject MULTIPLE PROPOSALS Description CAHYA MATA SARAWAK BERHAD (“CMSB”)
(I) SUBDIVISION INVOLVING THE SUBDIVISION OF EVERY ONE (1) EXISTING ORDINARY SHARE OF RM1.00 EACH IN CMSB INTO TWO (2) ORDINARY SHARES OF RM0.50 EACH IN CMSB (“SUBDIVIDED SHARE(S)”) (“SUBDIVISION”); AND
(II) BONUS ISSUE OF 345,420,140 NEW SUBDIVIDED SHARES (“BONUS SHARES”) AFTER THE SUBDIVISION ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) SUBDIVIDED SHARES HELD IN CMSB (“BONUS ISSUE”) We refer to the announcements dated 31 March 2014, 4 April 2014, 14 April 2014, 21 April 2014, 22 April 2014 and 15 May 2014 in relation to the Subdivision and Bonus Issue.
On behalf of the Board of Cahya Mata Sarawak Berhad (“CMSB”), Kenanga Investment Bank Berhad wishes to announce that based on the entitlement date of 26 June 2014: the number of Subdivided Shares to be listed and quoted on 27 June 2014 is 690,840,280 Subdivided Shares pursuant to the Subdivision; and the number of Bonus Shares to be listed and quoted on 27 June 2014 is 345,420,140 new Subdivided Shares pursuant to the Bonus Issue after the Subdivision.
For information purposes, the enlarged issued and paid-up ordinary share capital of CMSB will be 1,036,260,420 Subdivided Shares as at 26 June 2014 pursuant to the Subdivision and Bonus Issue.
The above will take effect from 9.00 a.m. on Friday, 27 June 2014, being the next market day immediately after the entitlement date for the Subdivision and Bonus Issue on Thursday, 26 June 2014. This announcement is dated 26 June 2014.
8wpwtmt8 , After 12 am, you may not be able to login, especially Maybank2u for a couple of hours. Normally mb will be updating the data and system maintenance just after 12am, pending any unforeseen circumstances as the above announcement from Bursa stated, you should be able to see your additional shares reflected in your account b4 9am 2morow. Happy Trading.
Following a share split and a bonus issue, Cahya Mata Sarawa’s (CMS) trading liquidity should improve significantly as a result of the three-fold increase in its share base. We expect share price to be well supported, ahead of the highly anticipated OMS plant opening in Aug 14. Despite solid long-term fundamentals underpinned by SCORE investments, we recommend a HOLD due to its stellar share price performance (+65% ytd). Target price: RM3.49. Entry price: RM3.00. WHAT’S NEW Ex-bonus on 24 June. To improve trading liquidity and to reward shareholders for their continuing support, CMS has proposed a 1:1 share split followed by a 1:2 bonus issue in Apr 14. Following shareholders’ approval at its EGM, CMS’s share base will increase by three-fold from 340m shares to 1,021m shares. All eyes on OMS plant opening. The highly-anticipated OM Sarawak (OMS) ferroalloy plant is slated to begin operations in Aug 14. We gather that the plant will take 12 months to ramp up to its full annual production capacity of 308,000mt. Interestingly, we note the share price of its JV partner OM Holdings (OMH AU) has appreciated by 30% since early-June, ahead of the plant’s opening. Signed EPC for Mambong cement grinding plant. We understand CMS has recently engaged a German company (Christian Pfeiffer Maschinenfabrik GmbH) to design and build its RM156m Mambong cement plant. Construction of the plant will begin in Jul 14 and will take about 18 months to complete. ESSENTIALS OMS plant to commence operations soon. Recent discussion with management suggests that the ferroalloy plant will commence operations in Aug 14. Taking advantage of competitive power cost (40-50% cheaper than the region’s), OMS aspires to be the world’s lowest-cost producer of ferroalloy, a raw material essential for steelmaking. At full production, we expect OMS to contribute pre-tax profit of RM63m, or 16% of the group’s 2015F total profit. Should the plant operate smoothly, we think the project may attract many strategic investors, given its major cost advantage (power accounts for up to 50% of total operating cost).
Significant increase in cement capacity. In view of rising cement demand in Sarawak underpinned by SCORE activities, CMS will be building its third cement grinding plant in Mambong. Upon completion, it will increase CMS’s cement capacity by 57% to 2.75mt per year. Leveraging on its monopoly, we expect the cement division to remain a key earnings contributor. For cement, we forecast a 3-year net profit CAGR of 8%, accounting for 30% of the group’s earnings. Steady earnings growth supported by a healthy balance sheet. Overall, we forecast net profit to grow by a 3-year CAGR of 15% from RM175m in 2013 to RM269m in 2016, spearheaded by its SCORE investments. Besides visible earnings growth, CMS is also sitting on net cash of RM527m, giving management a sizeable warchest to participate in more value-enhancing investments, such as the potential acquisition of Sacofa, as reported by the local press. RECOMMENDATION Maintain HOLD… and SOTP-based target price of RM3.49 as we adjust for the corporate exercises. Our target price implies 15x 2015F PE and dividend yield of 2%. Despite our optimism over its long-term fundamentals, we recommend a HOLD as the stock may be susceptible to profit taking, having appreciated 65% ytd. Entry price is RM3.00. …with upside to our target price. We reckon there is potential upside to our target price as we have yet to impute the value of its planned phosphate project (could be worth up to RM0.46/share) and its potential acquisition of Sacofa, a telecommunication infrastructure player in Sarawak.
Buy on Weakness Last price: RM3.73 Target Price : RM4.23 Support: RM3.46
Share price has failed to penetrate the immediate resistance of RM3.82, given yesterday’s pullback on profit taking. Following a downtick in both its RSI and +DI, we expect buying momentum to ease and may drag the share price slightly lower to the RM3.50- 3.70 level. However, the overall trend remains intact as the stock is still trading above the steeper trendline. We opine the stock would resume the upward movement once selling pressure normalises. Stop-loss can be placed at below RM3.30.
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....
4646
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Posted by 4646 > 2014-06-26 12:31 | Report Abuse
drop!