Posted by duenchan > 2016-06-09 17:29 | Report Abuse

back to square 1.

Posted by enning22 > 2016-06-09 23:14 | Report Abuse

Sarawak is under developed, plentiful growth opportunity,rich natural resources,a matter of time ,will be booming.strong need to open up

Posted by Wong Chii How > 2016-06-20 16:09 | Report Abuse

Scable wins lot projects from Sarawak government. Will announce soon.

Posted by Wong Chii How > 2016-06-20 16:10 | Report Abuse

People are no willing to sell their stock. So the volume is low. Soon the volume will be back to scable. Wait n see

Posted by firehawk > 2016-06-20 16:37 | Report Abuse

think will eventually break the support @1.36 .... :-(

Posted by vcheekeong > 2016-06-23 12:43 | Report Abuse

Stuck with this counter for long time

Posted by duenchan > 2016-06-23 15:44 | Report Abuse

someone is dumping.. 500k shares out..

Posted by voon1900 > 2016-06-23 17:03 | Report Abuse

hollanding

Posted by Jack Wong > 2016-06-23 19:20 | Report Abuse

Dividends 5 sen expired 29/6/16. No lose if hold for long term. Quite good for the dividends. More project in sarawak. The only thing lack is no big sharks play in this counter

Posted by firehawk > 2016-06-24 22:20 | Report Abuse

probably will go lower .... break the support @1.25 ..... ;-(

Posted by Abudance > 2016-06-25 03:40 | Report Abuse

Delayed projects implementation due to tenaga. Also hopefully stopped M & A. Dividend has increased. Last year paid 2 times dividend. Hope implementations will be quick. Power sold to Indonesia is money making.

Posted by enning22 > 2016-06-27 23:39 | Report Abuse

From The Edge



SCable’s Sumatra plant to end stock’s downward spiral?


Toh estimates that Sarawak Cable needs up to RM80 million to develop each power plant. Photo by Shahrin Yahya


KUALA LUMPUR: The end of Sarawak’s pre-election rally and poor first-quarter results have sent Sarawak Cable Bhd’s (SCable) shares tumbling 28% from a five-year peak of RM1.82 on Jan 8.

The stock closed 3.68% lower at RM1.31 last Friday, with a market capitalisation of RM421.68 million.

However, a restructuring of its business and the commencement of the first of five mini-hydropower plants in Indonesia by the fourth quarter of this year (4Q16) might spell the end of the downward spiral in the cable manufacturer. The plant is expected to bring in up to RM30 million in annual recurring revenue.

“We expect to see immediate income contribution of about RM7 million from the mini-hydropower plant in 4Q16. The operational cost will be very small as we will be using water [to produce electricity],” its managing director and chief executive officer Aaron Toh Chee Ching told The Edge Financial Daily in an interview.

The plant is located in Sumatra, with a capacity of 10mw and estimated installed capacity of 14mw. SCable had signed an agreement with Perusahaan Listrik Negara Persero to sell the electricity produced to the Indonesian utility body for 20 years.

Still, the group’s current share price and earnings forecast have yet to reflect the lucrative long-term income stream of the power plant.

“[The] market is ascribing little valuation to the power plant. Based on our forecast, contribution from the plant could enhance our forecast for the financial year ending Dec 31, 2017 (FY17) and FY18 by 20% to 23%,” Hong Leong Investment Bank senior analyst Jeremy Goh said in an email.

Goh deems the power plant a lucrative business as the tariff and demand have been fixed by the Indonesian government under the power purchase agreement (PPA).

Based on the PPA, the initial tariff rate is 778 rupiah (23 sen) per kWh, with the subsequent increase to 968 rupiah per kWh. Earlier this year, the tariff was increased to 1,390 rupiah per kWh.

Goh expects SCable’s share price will react when the power plant starts to contribute to the group’s earnings.

According to Toh, commencement of its power plant was delayed from June to September this year due to additional rock blasting works at the plant.

Meanwhile, the group’s high gearing ratio of 183% is also a concern for investors. Its net debt stands at RM417 million.

Toh estimates that SCable needs up to RM80 million to develop each power plant.

Construction of two new power plants will begin next year, while the rest are waiting for approval from the Indonesian government.

To pare down debt and generate cash, Toh said the group is in talks with foreign strategic partners for a possible spin-off of its power assets in bourses like Singapore and Hong Kong next year.

“Singapore and Hong Kong are my ideal locations as there are more investors who are keen on investing in the renewable power industry,” he said. “However, it will be difficult for us to list by ourselves. Thus, we have to ride on other listed entities, which may see us injecting some of our power assets into the company and then go for an IPO (initial public offering) to raise funds,” he added.

On Jan 18, Toh was reported to have said that the group was in talks to rope in a Singapore-listed construction company for a potential stake sale of its mini-hydro plants in Indonesia.

He believes that the group’s power assets will fetch a better valuation once the power plant in Indonesia commences.

Toh also expects SCable to post improved net profit in FY16. Its net profit rose 64% to RM39.8 million in FY15 from RM24.23 million the previous year as revenue grew 329% to RM1.45 billion from RM339.44 million in FY14.

However, the group saw its net profit fall to RM3.57 million in the first quarter ended March 31, 2016 (1QFY16) from RM11.87 million a year ago, due to delay in projects for orders in hand to subsequent quarters in this financial year. This was despite a 6% increase in revenue to RM364.46 million from RM343.61 million in 1QFY15.

Toh said based on its latest two months’ performance guide, the group has started cost-saving initiatives of its manufacturing activities, which have shown some results.

“We are targeting to save at least 1% to 2% [or about RM

Posted by Jack Wong > 2016-06-28 09:19 | Report Abuse

Tomorrow dividends, no lose to buy

Posted by Redz1 > 2016-06-28 19:05 | Report Abuse

How much is the dividends?

Posted by Wong Chii How > 2016-06-28 19:14 | Report Abuse

5 cents

Posted by Abudance > 2016-07-01 00:45 | Report Abuse

Anyone knows when payment of dividend is? Thanks

Posted by Rushdan Muda > 2016-07-01 10:52 | Report Abuse

29/7/2016

Posted by Redz1 > 2016-07-05 10:07 | Report Abuse

Y so slow moving? Is this a good counter?

Posted by HowAh > 2016-07-05 10:08 | Report Abuse

want to faint la this counter... i think i give up

Posted by Abudance > 2016-07-09 11:47 | Report Abuse

Company has stopped doing acquisitions ... It's already income generating. However tenants slow to start project. Better dividend. Hope give special dividend again this 2016.

Posted by Redz1 > 2016-07-10 20:15 | Report Abuse

Dividen will be paid out on July 29th

Posted by Snake > 2016-07-19 11:56 | Report Abuse

SCABLE

Posted by Johnson Wong > 2016-07-20 09:54 | Report Abuse

（吉隆坡19日讯）传砂拉越泛婆罗洲大道（Pan-Borneo highway）总值100亿令吉的剩余工程配套将会本月内颁发，预计砂拉越建筑公司将成当中的大赢家。

大马投行分析员表示，这消息符合预期，预计这剩余的8项工程配套，最早会在7月中颁发。

该分析员估计，那些得标几率较高的联营公司包括许甲明（KKB，9466，主板工业产品股）与WCT控股（WCT，9679，主板建筑股）、砂查也马特（CMSB，2852，主板工业产品股）与高峰控股（BPURI，5932，主板建筑股）、纳音控股（NAIM，5073 ，主板产业股）与金务大（GAMUDA，5398，主板建筑股），以及亿马建筑（IKHMAS，5268，主板建筑股）与Titanium Project Management公司。

其他竞标公司包括双威建筑（SUNCON，5263，主板建筑股），IJM（IJM，3336，主板建筑股）和马资源（MRCB，1651，主板产业股）。

该分析员也认为，KKB及砂拉越电缆（SCABLE，5170，主板工业产品股）将会受益于公共设施配套，而砂查也马特将会是原料主要供应商。

总值160亿

泛婆罗洲大道砂拉越部分全长1089公里，预计于2022年竣工，总值160亿令吉。

根据《星报》引述消息报道，这8项总值工程配套已敲定，预计砂拉越公司将会成为当中的大赢家。

参与投标的砂州公司包括砂查也马特、福胜利（HSL，6238，主板建筑股）、亿强工程（ZECON，7028，主板建筑股）、昇阳船务机构（SYSCorp，5173，主板贸服股），以及Naim Cendera 私人有限公司等。

政府次季没有颁发任何合约，如今是时候陆续完成投标，并加快工程进度。



政府拟发130亿回债

政府将发售回教中期票据，筹资130亿令吉，以启动泛婆罗洲大道项目的初步工程。

路透社报道，政府已指定联昌银行、大马投行、马银行及兴业银行，协助发放中期票据，以筹措泛婆罗洲大道初期发展资金。

这项大型项目的总成本预计为270亿令吉，其中60%工程资金，将透过Danalnfra Nasional发放以令吉为主的回教中期票据筹措。

另外，政府也会从砂州发展经费中拨出50亿令吉为资金。

第一批的中期票据，预计在8月或9月发放，料筹资100亿令吉。

Posted by Jack Wong > 2016-07-21 14:50 | Report Abuse

Last call. Time to collect before too late,before the project release. One it release, it shall fly like rocket,why? No competitors for cable work in sarawak. Scable is dominating.

Posted by duenchan > 2016-07-21 15:22 | Report Abuse

You are right, but "1NDP" can kill us all, no matter how good the company is.

Posted by Jack Wong > 2016-07-21 15:38 | Report Abuse

1NDP my hero too. Because of it, I can collect many stocks at lower price than their performance. I earn at least 20% for each of the stock I buy. Now, only leave scable n hsl on hand. I try to collect more at lower prices.

Posted by firehawk > 2016-07-21 15:48 | Report Abuse

if 1NDP causes gov. delay all big projects ... investors can even collect at more lower price :)

Posted by duenchan > 2016-07-21 16:17 | Report Abuse

This time is different, when the truth came to light eventually, Malaysia economy may collapse. If u r still holding any shares, u may get stuck for a long time.

Posted by disagreetoagree > 2016-07-25 13:35 | Report Abuse

Beginner01, u better watch out ur mouth in other forum thread. This is a warning.

Posted by Jack Wong > 2016-08-04 09:37 | Report Abuse

Haiz, u guys just simply talk here, when the market collapse? If the economic I's collapse, money also become no value od.

Posted by duenchan > 2016-08-04 12:25 | Report Abuse

1998, market collapsed, money not collapsed all the way like stock values.

Posted by kt_invest > 2016-08-05 13:38 | Report Abuse

The new tadmax power plant project will benefit scable?

Posted by HowAh > 2016-08-10 06:22 | Report Abuse

Ass of a stock

Posted by pmc21492 > 2016-08-10 12:37 | Report Abuse

When is the next quarter result to be release?
Anyone know about it?

Posted by Rica7894 > 2016-08-10 20:42 | Report Abuse

-SCB has an order book of RM1.42bil, comprising RM900mil worth of construction projects (mostly power transmission lines) and RM520mil in manufactured products.

This year’s target sales for the group’s manufacturing segment is RM1bil.

-Besides power and telecommunication cables, SCB also makes and supplies galvanised products and steel structures.

On the Pan Borneo Highway project, SCB was targetting to supply guard rails and lamp posts, which had been used in road construction projects in the state, for the Sarawak’s largest single infrastructure project.

SCB have registered as a supplier with Lebuhraya Borneo Utara Sdn Bhd (LBU).

-After a slower first quarter, SCB was expecting power cable sales to pick up in the second quarter to over RM300mil compared with RM200mil in the January to March quarter as well as improving profit margins brought about by the new orders.

-On SCB’s joint venture hydro power plant project in north Sumatra, Indonesia, the project was expected to be completed by September. The 10MW plant estimated to cost RM80mil is scheduled for commissioning in the fourth quarter.

Posted by sheep > 2016-08-10 20:52 | Report Abuse

buy for medium to long term

Posted by Angielim9955 > 2016-08-10 21:32 | Report Abuse

sheep , why this stockkeep falling ?
got any bad news can advise ah
example is this comapny want right issue can update me , I long time not follow this scable
please

Posted by Rica7894 > 2016-08-11 08:36 | Report Abuse

-Today, HLIB research retains a BUY rating (pending the release of 2Q16 results on 26 Aug) with a SOP TP of RM1.92, in anticipation of a pickup in earnings over the coming quarters.

-The research house opines that current share price 30.5% correction from 52-week high of RM1.87 offers opportunity for LT investors to accumulate SCABLE, given its undemanding valuation of 9x FY17 P/E (against HLIB’s average 12x construction’s P/E) and 1.25x P/B (10-year average 1.7x), supported by a steady 2015-18 earnings CAGR of 11% and decent FY17 yield of 3.3%.

Posted by Johnson Wong > 2016-08-11 10:52 | Report Abuse

1.40 for today

Posted by Angielim9955 > 2016-08-12 16:01 | Report Abuse

thanks

Posted by firehawk > 2016-08-12 16:04 | Report Abuse

this one very heavy to rise one la ... i observe v long time alrdy :(

Posted by Angielim9955 > 2016-08-12 17:17 | Report Abuse

firehawk why hard to rise , can expla

Posted by chooheng > 2016-08-16 22:20 | Report Abuse

This counter profit margin is miserable. Revenue could be high, but efficiency is fifth class.

Posted by K.H > 2016-08-18 10:33 | Report Abuse

Hope management can save operational cost this year.

Posted by chooheng > 2016-08-19 14:12 | Report Abuse

they PP chinese investor, tap chinese efficiency. else, in bumis culture sure being wiped out

Posted by chooheng > 2016-08-24 08:32 | Report Abuse

This CEO cannot bring value to shareholders.

Posted by firehawk > 2016-08-24 15:54 | Report Abuse

cannot again ... mgmt good in drawing beautiful pictures for future, but in reality .....

Posted by BRITISHEMPIRE > 2016-08-26 10:45 | Report Abuse

Look at the fundermentals and the long term and remember Sarawak Cable is the only HT cable producer and installer in the country which gives them a huge advantage when tendering jobs as they have no competition also in regards to the Pan Borneo Higeway when that gets underway just think of all the new electrical sub station it will require and where do you think those will come from oh yes now you see the potential right ?

Posted by duenchan > 2016-08-26 13:59 | Report Abuse

Price target dropped all the way from 2.50 to 1.30.. what a joke from HLG. Profit margin is too low.

Posted by firehawk > 2016-08-26 16:17 | Report Abuse

Ha Ha Ha! really very joking tp HLG gave! give all a big laugh!