Wah! From Kltrader of HL Bank. TP 2.57. Suddenly many analysts like to cover Scable...
Forecasts While losses were incurred in FY14, we expect FY15 to swiftly turn to its highest earnings recorded (yet) at RM44m. 1H15 earnings clocked in at RM24m, up 10-folds YoY. Earnings for FY16-17 should continue to scale new highs at RM55m (+25%) and RM65m (+19%).
Rating Initiate with BUY, RM2.57 TP (+51% upside) SCable has strong growth potential driven by acquisitions, superior orderbook cover and a new earnings stream from its hydro plant. The impending Sarawak elections could be an added kicker as investors scavenge for such plays. Broadly similar to Cahya Mata Sarawak (CMS), SCable offers investors a ticket to the Sarawak growth theme but at a much cheaper rate. SCable’s P/E is multiple is at a 49- 52% discount to that of CMS.
The price is holding well. If Bekir is really selling and price is rising, no need to feed the buyers cheap. Despite overall market sentiment, Scable is holding well at yesterday's price, potentially to close higher even. Let us monitor.
Jenabchen, I've been watching scable long time and have seen their acquisition which is long term. Stagnated after bonus issue but keeps acquiring relevant companies to be "the only one" to supply electricity to Indonesia, etc. This is not affected by Malaysian politics. Also.. Next year is elections for Sarawak .. I won't be surprised they be given RAPID contract in peninsular Malaysia ... So RM2 is really reasonable. If hit Hong Leong target is also great lah. I'm a pragmatic person. Lol. Now quite near to hit 1.80. Then 1.90. Hope Dec maybe five dividend?
Share price move around RM1.40, after bonus issues and right issues at 2013 year . SCable has strong growth potential driven by acquisitions, superior orderbook cover and a new earnings stream from its hydro plant.
Don't simple follow people's instructions without learning yourself. Losses you bear. Remember that. So many people can recommend .. But not many traders can cut losses .. Now isn't the time to play margins. So many events happening. Buy fundamental stocks that even if downturn comes for whatever reason .. U can keep it as paper loss till it turn around. Look for dividend stocks safer. My two sen worth. Take care all
Need to break the 1.80 before can go. Come on Scable, you can do It! Otherwise will be trading between 1.70-1.79 range like it did when at 1.50-1.60 merry go round then. Let's see it break 1.80 and then do the 1.80-1.90 merry go round starting tomorrow ....
Going to be range bound again from rm1.70 - 1.79. Scable gave 2x dividend this year. Last year only once. Can keep as from this year is income generation. Those follow advice to buy rm1.77 got paper loss already. Next year also mid year elections .. Can keep. Those that make money also is never wrong to take partial profit and buy on weakness.
Papaya.. Scable trend. Nothing sudden. People take profit and then it starts 10 sen range bound. I'm looking to it breaking rm1.80 this week! So it can go to next level at rm1.90.
The company last reported its dividend as 'interim dividend' and not FINAL dividend. Tht means there will be another round of dividend as Final Dividend coming for this fiscal year?
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jenabchen123
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Posted by jenabchen123 > 2015-11-11 11:47 | Report Abuse
Wah! From Kltrader of HL Bank. TP 2.57. Suddenly many analysts like to cover Scable...
Forecasts
While losses were incurred in FY14, we expect FY15 to swiftly turn to its highest earnings recorded (yet) at RM44m. 1H15 earnings clocked in at RM24m, up 10-folds YoY.
Earnings for FY16-17 should continue to scale new highs at RM55m (+25%) and RM65m (+19%).
Rating
Initiate with BUY, RM2.57 TP (+51% upside)
SCable has strong growth potential driven by acquisitions, superior orderbook cover and a new earnings stream from its hydro plant. The impending Sarawak elections could be an added kicker as investors scavenge for such plays.
Broadly similar to Cahya Mata Sarawak (CMS), SCable offers investors a ticket to the Sarawak growth theme but at a much cheaper rate. SCable’s P/E is multiple is at a 49- 52% discount to that of CMS.