i already start to buy from RM1.12 until now. total accumulate 500000 units of share. For me, nothing to worry about scable future. It's a good stock and no suspend. Just collect before rocket launched.
Meanwhile, Sarawak Cable has been shortlisted to participate in tendering for the Pan Borneo Highway project‘s power relocation works, and supplying power cables for the highway work packages. “We have bid for the power relocation works for the entire stretch of two work packages. “The outcome of the bids is expected in the next two months,” Toh said.
Ismylife, i think Sarawak is different with other state. In here, mostly government big project goto GRC ( government related company) like Scable and CMSB. That why CMSB share price shoot from rm0.70 til rm4.20 in just few years. As they directly get the project from government and Sub-contract to the small company.
Both GRC is owned by Our Sarawak TYT and his family. U still think got people can beat them down. Sacble could be the second CMSB in future or maybe better than it.
EPS dropped as they had spent a lot in hydropwer plant indonesia. But once it completed , it will start to generate profit and lower their expense.
Company profile. Sarawak Cable (Scable) is involved in several business segments, which include (a) power and telecommunication cables (b) galvanized products and steel structure, (c) transmission lines construction and (d) power generation, helicopter services and corporate services. Signs of stabilisation amid potential recovery of cable segment. Contribution of this business division to revenue improved strongly in 1QFY17 to 83.0% from 66% in FY16 (FY15: 52%) as market demand for cable products improved, reinforced by several exceptional orders received. Revenue of power and telecommunication cables segment grew 12.6% to RM856.6m in FY16 (FY15: RM760.6m). Also, this segment is the main contributor to the Group’s profit in 1QFY17.
Proxy to Sarawak infrastructure play. Outlook remains steady as mega projects such as Pan Borneo Highway, TRX, MRT2, LRT3, coupled with the implementation of Bekalan Elektrik Luar Bandar (BELB) may spur the demands of cables in the local markets. Furthermore, Sarawak Energy Berhad (SEB) will be implementing budgeted projects to meet shortage of power supply within Sarawak. Scable expects transmission lines amounting to more than RM500m in value will be rollout by SEB in 2017.
Technical outlook. Share price of Scable has been building a base around the RM1.10 level over the past six months. After the long consolidation, share price is now traded towards the SMA200 level, accompanied by healthy volumes. We expect buying interest to take more aggressive stance once the price advances above RM1.16. Price targets will be envisaged at around RM1.25-1.30, followed by a LT target of RM1.40. Meanwhile, support will be pegged around RM1.10-1.12, with a cut loss point located around RM1.07.
Proxy to Sarawak infrastructure play. Outlook remains steady as mega projects such as Pan Borneo Highway, TRX, MRT2, LRT3, coupled with the implementation of Bekalan Elektrik Luar Bandar (BELB) may spur the demands of cables in the local markets. Furthermore, Sarawak Energy Berhad (SEB) will be implementing budgeted projects to meet shortage of power supply within Sarawak. Scable expects transmission lines amounting to more than RM500m in value will be rollout by SEB in 2017.
i think today is t-3 and t-4. that why a lot of contra-player is selling their share. normally it up 2-3 days, contra-player profit taking and it drops a bit. Afterward it will go up again.
Proxy to Sarawak infrastructure play. Outlook remains steady as mega projects such as Pan Borneo Highway, TRX, MRT2, LRT3, coupled with the implementation of Bekalan Elektrik Luar Bandar (BELB) may spur the demands of cables in the local markets. Furthermore, Sarawak Energy Berhad (SEB) will be implementing budgeted projects to meet shortage of power supply within Sarawak. Scable expects transmission lines amounting to more than RM500m in value will be rollout by SEB in 2017.
Need more coverage by analysts then target price > 2.00 more likely. Currently the coverage is low. How good they are if the coverage not too extensive, the potential remains hidden.
Look at its trading chart since Jan 2017.... good trend. something good brewing..... players will start notice ad Scable now among Gained Counter listing.
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....
abangadik
2,305 posts
Posted by abangadik > 2017-06-05 11:48 | Report Abuse
plan ahead of time..future multibagger