ya'll should go read some warren buffett, especially his quote about share market being a voting machine in the short term and weighing machine in the long term
Making further inroad into overseas market. SCGBHD will focus on growing its export sales by tapping into oversea markets such as Myanmar, Cambodia, Vietnam and US. In particular, the Myanmar market is set to grow over the next 10 years, supported by the Myanmar National Electrification Project. Separately, SCGBHD is in the midst of penetrating US market via its in-house developed XHHW-2 industrial cables, which command a better margin. We gather that SCGBHD will deliver the trial orders to US-based customer in the coming months and is optimistic to secure the distributorship agreement afterward.
the coming challenges will be how the management to control the increasing of cable cost experts have forecasted that material cost will be rising throughout 2024
i have no doubt with the revenue as the demand is rigid can the profit sustainable?
I think more important is that the earnings growth is still strong, which also translates into increasing dividends. This year's dividend more than doubled last years, so you can do your own calculation as to how much the dividend will be in a few years time
RHB Investment Bank Research said with an unyielding need for power and cables, SCGBHD has emerged as a thriving player in this evergreen market, poised for continuous expansion. It said Malaysia's ambitious goal of achieving net zero emissions by 2050 — including higher uptake of renewable energy (RE) sources and the enhancing of the country’s grid — is expected to be a catalyst for the group’s earnings growth. SCG’s orderbook from TNB alone worth more than RM1 billion, provides earnings visibility for the next three years.
KOTA KINABALU, April 17 — Private businesses in Sabah’s industrial parks will be able to set up their own power generation facilities, said Sabah Chief Minister Datuk Seri Hajiji Noor. The Cabinet has agreed to give special permission to investors operating in industrial parks in the state to set up power generation facilities. The Cabinet has also decided to allow shophouses, buildings and residential premises to install solar power systems without seeking approval from Sabah Electricity Sdn Bhd (SESB).
1, revenue to US was 14 million in year 2023 and going to expand further this year 2. Obtained more than 100 million of cables orders. Demand will continue to grow with the setup of many data centre in Malaysia. 3. Registered vendor to TM, Tenaga, Sabah and Sarawak Electricity and Petronas 4. Achieved 1 billion revenue last year 5. Increase in production capacity by 21% from 33,'780km to 40,780km 6. Two new buildings under construction 7. Certified supplier of aluminium buildings cables and wire to the US.
SCGB is one of 3 approved high voltage cable supplier to TNB. Mtec is not part of this oligopoly. SCGB quarterly sales already more than Mtec sales for the entire year.
scgb is super undervalue as per now condition. Starting this year there will be a lot of new projects to upgrade due to more data centre and more factories coming. lets see if it will reach more than Rm1 soon
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....
multi-bagger
182 posts
Posted by multi-bagger > 2024-03-19 20:35 | Report Abuse
ya'll should go read some warren buffett, especially his quote about share market being a voting machine in the short term and weighing machine in the long term