"Our order book stood at RM405.4 million as at September 1 2020, which includes contracts secured from the essential services sector such as Tenaga Nasional Bhd and Telekom Malaysia Bhd. This will sustain the group's earnings till the financial year ending December 31 2022."
congrats those who able to purchased from IPO.. can hold for long term..
Currently, Southern Cable manufactures cables and wires for use in numerous industry sectors such as power distribution, telecommunications, building and construction, infrastructure, manufacturing and processing industries, including oil and gas processing and petrochemical plants.
Its main customers include Tenaga Nasional Bhd, Telekom Malaysia Bhd and Petroliam Nasional Bhd (PETRONAS).
The company also delivers its products to the Mass Rapid Transit Sungai Buloh-Kajang project (MRT1) and the Refinery and Petrochemical Integrated Development ( RAPID) project in Pengerang, Johor.
Managing director Tung Eng Hai said the company will continue to aggressively participate in any tenders called by government-linked companies.
On the company’s order book, Ooi said as at Sept 1, 2020, Southern Cable’s order book stood at RM405 million, which can last until 2022.
Southern cable, dun let the investor sad anymore. Your cable are selling good with high volume but your stock price so disappointed. Why dont u come out with SOUTHERN-GLOVE? pls consider bro!
from all the quick researches done, seems like southern cable's company prospect much better than scable? as I heard scable is not performing, and hence market doesn't look good at cable manufacturing industry..
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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....
JejakaDuit
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Posted by JejakaDuit > 2020-09-30 19:19 | Report Abuse
New IPO