Re: Cahya Mata Sarawak Bhd
Posted: Tue Feb 20, 2018 8:05 am
not vested
Another well-connected political counter is Cahya Mata Sarawak Bhd (CMS).
CMS is one of the key local participants in Sarawak Corridor of Renewable Energy development and the RM1.36bil Pan-Borneo Highway project, in addition to its existing businesses with the state government.
On a year-to-date basis, the stock is up 9.49% or 37 sen at its last price of RM4.27.
CMS is involved in cement manufacturing, construction, road maintenance and property development, among others.
Recently, CMS’ cash position experienced a growth of 1,096.9% to a net cash position of RM161.09mil.
The sudden jump in net cash was primarily because of the proceeds from its RM500mil Islamic medium-term notes. The five-year notes mark CMS’s first sukuk issuance.
Source: The Star
Another well-connected political counter is Cahya Mata Sarawak Bhd (CMS).
CMS is one of the key local participants in Sarawak Corridor of Renewable Energy development and the RM1.36bil Pan-Borneo Highway project, in addition to its existing businesses with the state government.
On a year-to-date basis, the stock is up 9.49% or 37 sen at its last price of RM4.27.
CMS is involved in cement manufacturing, construction, road maintenance and property development, among others.
Recently, CMS’ cash position experienced a growth of 1,096.9% to a net cash position of RM161.09mil.
The sudden jump in net cash was primarily because of the proceeds from its RM500mil Islamic medium-term notes. The five-year notes mark CMS’s first sukuk issuance.
Source: The Star