Supplier for Sarawak Energy Berhad.. cannot go bankrupt one la.. Only can be play around up and down.. Since from RM 2 drop till 20 cents.. Already 90% shelved off..
Now waiting for goodies bag, then go up again.... That is how rich people make money.. Capital gain and tax free
The construction of hydro dam in Medan Indonesia is near completion, however, work was interrupted as Indonesia is observing a lockdown in view of the pandemic. We have obtained consent to resume work partially and based on the revised timeline, the hydro dam is expected to be commissioned by first quarter of 2021.
The hydro dam itself is already completed. We are now in the process of completing the overhead lines which will ultimately connect the hydro dam to the Indonesian Government-owned corporation, Perusahaan Listrik Negara (“PLN”) sub-station. The overhead lines are progressing well, however, due to the travel restrictions as a result of the lockdown, we have had to defer some works until the Indonesian authorities liberalize their travel restrictions.
Sarwaja Timur Sdn Bhd (“STSB”) is a steel fabricating company with one of the largest hot dip galvanising facilities in East Malaysia. Incorporated in 1994, it is a wholly owned subsidiary of Sarawak Cable Berhad (“SCABLE”) and functions as its manufacturing arm for steelwork. It caters to the power transmission, telecommunication and major infrastructure development sectors in encouraging Malaysia’s growth.
STSB’s repertoire of quality products include:
Galvanised Steel Distribution Poles Telecommunication Towers and Poles Street Lighting Column Guardrails Hot-Dip Galvanising Galvanised Steel Bridges Galvanised products (gratings, hand-railings, lintel bars and mesh)
Based on last QR EPS 1.08, if we annualized is 4.32 (just assume same profit next QRs without additional orders, but very unlikely since company will benefit from recovery hence more profit next year) @ PE 10 - RM0.43 @ PE 20 - RM0.86 (HIAPTEK PE 22 @ RM0.45) @ PE 26 - RM1.12 (Average PE for steel industry).
Current price RM0.31 is very undervalued. Company will get more orders as Sarawak Election coming soon, above EPS will be more.
At least RM1.00 share price will be in near future, perhaps early January
Sarwaja Timur Sdn Bhd (“STSB”) is a steel fabricating company with one of the largest hot dip galvanising facilities in East Malaysia. Incorporated in 1994, it is a wholly owned subsidiary of Sarawak Cable Berhad (“SCABLE”) and functions as its manufacturing arm for steelwork. It caters to the power transmission, telecommunication and major infrastructure development sectors in encouraging Malaysia’s growth.
STSB’s repertoire of quality products include:
Galvanised Steel Distribution Poles Telecommunication Towers and Poles Street Lighting Column Guardrails Hot-Dip Galvanising Galvanised Steel Bridges Galvanised products (gratings, hand-railings, lintel bars and mesh)
Sarawak Cable Berhad is engaged in investment holding, contractors and infrastructure development, and provision of management and consultancy services. The Company's segments include the sale of power cables and conductors segment, which supplies power cables and conductors components to consumers; the sale of galvanized steel products and steel structures segment which supplies galvanized steel products and steel structures, and also offers galvanizing services; the transmission lines construction segment, which includes supply, installation and commissioning of transmission line projects, and the corporate segment, which includes corporate and management services, power generation business and provision of helicopters services. Its products include power cables, wires, steel structures and galvanized products coupled with power-related services, such as engineering designs and construction of transmission lines, and civil works for substations and thermal power plant projects.
Southern Cable jumped with higher trading volume, says RHB Retail Research Surin Murugiah / theedgemarkets.com
December 29, 2020 07:55 am +08
Southern Cable jumped with higher trading volume, says RHB Retail Research -A+A KUALA LUMPUR (Dec 29): RHB Retail Research said Southern Cable Group Bhd’s share price had jumped with a higher trading volume, breaking out from the immediate resistance marked at 43 sen.
In a trading stock note today, the research house said with the latest positive price action, the stock is running at full steam and poised to trade higher to test the next hurdle at 46 sen, followed by 50 sen.
“A downside breach of the 39 sen support will negate this expectation and should see a share price correction,” it said.
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....
targetinvest
2,673 posts
Posted by targetinvest > 2020-10-06 09:35 | Report Abuse
Supplier for Sarawak Energy Berhad.. cannot go bankrupt one la..
Only can be play around up and down..
Since from RM 2 drop till 20 cents.. Already 90% shelved off..
Now waiting for goodies bag, then go up again.... That is how rich people make money.. Capital gain and tax free