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by winston » Thu Mar 09, 2023 6:06 am
Outstanding order book currently stood at RM600mil.
RM5.6bil was allocated for Sarawak’s development expenditure, on top of RM2.50bil that was allocated for Sabah and Sarawak for public amenities,”
Commitment of expediting the Pan Borneo Highway and the Sarawak-Sabah Link Road, which the federal government estimates will cost a total of about RM20bil.
by winston » Wed Mar 22, 2023 11:23 am
by winston » Thu Apr 20, 2023 6:55 am
In view of the group’s improving business and financial profiles.
The company’s new phosphates manufacturing division, Cahya Mata Phosphates Industries Sdn Bhd, has started commissioning production and would transition to commercial operations by mid-2023.
"The division is anticipated to become a significant earnings contributor from fiscal 2024 and will diversify the group’s current construction-focused business profile and further strengthen its financial profile with segmental contribution potentially reaching half of the group’s earnings”.
Direct beneficiary of the rise in Sarawak’s construction activity and its sturdy foothold in Sarawak’s cement industry would directly benefit from the state’s continued focus on infrastructure development.
Anticipated modest contributions from its recently acquired businesses in drilling fluids and drilling waste management to become more meaningful over the longer term.
by winston » Mon May 15, 2023 1:31 pm
by winston » Tue May 23, 2023 2:13 pm
by winston » Tue Jul 11, 2023 2:30 pm
The termination has limited impact on Cahya Mata’s financials as CMPI has yet to commence commercial operations as it is still in the process of obtaining approvals and licences to begin selling.
CMPI has 10,000 drums of phosphorus in its inventory.
MIDF Research maintained a “buy” call with an unchanged TP of RM1.50 based on a forward price-earnings (PE) of eight times to its financial year 2024 forecast (FY2024F) earnings per share (EPS) of 18.7 sen.
Cahya Mata’s medium to long term outlook remained strong with the expected improvement in cement demand, especially with planned development projects including Indonesia’s upcoming new capital in Nusantara.
“It is currently building a new RM750 million clinker line at the integrated complex in Mambong, which will allow it to triple its clinker production capacity to 2.8 million tonnes annually.”
by winston » Sat Sep 16, 2023 7:14 am
Norges Bank, which manages Norway's Government Pension Fund Global, has emerged as a substantial shareholder of Cahya Mata Sarawak Bhd (CMS) after acquiring 50.05 million shares or a 5.03% stake in the Sarawak-based cement manufacturer.
CMS recently reported a net profit of RM26.35 million in the second quarter ended June 30, 2023 (2QFY2023), a decline of 33.42% from RM39.57 million a year earlier, due to a lower share of profit of associates and bigger loss before tax by its phosphate division.
Revenue, however, increased 38.52% to RM290.52 million, from RM209.74 million driven by its oil tools division.
by winston » Sat Sep 16, 2023 7:34 am
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