Cahya Mata Sarawak Bhd

Re: Cahya Mata Sarawak Bhd

Postby winston » Wed Sep 26, 2018 9:18 am

not vested

Temporary Weakness; Expect Strong Earnings In 2H18

We view share price weakness as an opportunity to accumulate as earnings remain intact.

In more positive news, construction of the MPA plant started on 1 Sep 18.

OMH was included in S&P/ASX 300 on 24 Sep 18, giving it a broader exposure to the equity
market.

Maintain BUY. Target price of RM4.20 implies 13.6x 2019F PE.

Source: UOBKH

https://research.uobkayhian.com/content ... 73f8ce7378
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Cahya Mata Sarawak Bhd

Postby winston » Wed Nov 14, 2018 9:36 am

not vested

Cahya Mata Sarawak (CMS MK)

3Q18 Results Preview: Expect Decent Earnings With Further Improvement In 4Q18 Driven By Strong Sales At OM Sarawak

We expect CMS’ 3Q18 earnings to be decent with stronger production and sales volume at OM Sarawak despite softer qoq ASP.

This should help mitigate any potential weakness in the other core divisions which could be impacted by the slow roll-out of mega projects.

Seasonally, 4Q18 earnings would be even stronger with improvement at the cement, construction materials and road maintenance divisions.

Maintain BUY. Target price of RM4.20 implies 13.6x 2019F PE.

Source: UOBKH

https://research.uobkayhian.com/content ... 0f4a7b5380
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Cahya Mata Sarawak Bhd

Postby winston » Sun Mar 29, 2020 8:35 am

not vested

Sulaiman Taib no longer CMS major shareholder

By GURMEET KAUR

Sulaiman has now ceased to be a major shareholder in the group after his stake fell below the 5% threshold level.

Stock exchange filings show that the Employees Provident Fund (EFP), which has been acquiring CMS shares in the last few days, now owns 141.1 million or 13.1% interest from about 11.5% it held at the end of last year.

The state – the largest in Malaysia – is gearing up for elections, which must be held by September 2021.

The state budget had earmarked RM22bil on infrastructure projects, including the Second Trunk Road valued at RM6bil and coastal road upgrades at RM5bil.

Other projects in the pipeline are water grid programmes (RM2.8bil), rural electrification projects (RM2.4bil) and telco towers (RM1bil).

Given its monopolies and foray in many segments from the manufacturing and trading of cement and construction materials, construction, road maintenance, township and property to infrastructure development in the state, CMS is seen as a key beneficiary of the Sarawak theme play, say analysts.

Historically, the demand of cement in Sarawak was about 1.57 million tonnes to 1.7 million tonnes yearly. The demand for cement, according to some, may exceed 2 million tonnes when the progress of all the state-funded infrastructure projects are in full swing.



Source: The Star

https://www.thestar.com.my/business/bus ... hareholder
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Cahya Mata Sarawak Bhd

Postby winston » Wed Jul 01, 2020 2:43 pm

not vested

Cahya Mata Sarawak (CMS MK)
1Q20: Looking Forward To A Better 2021


Earnings for 2020 will be impacted by COVID-19 but state elections in Sarawak by 2021 should be a key catalyst for CMS with robust infrastructure spending expected.

Also, CMS is in a stronger position to reap the benefits of higher infrastructure spending, given its financial strength vs peers in Sarawak, particularly after the pandemic.

Maintain BUY with a higher target price of RM2.00 post our earnings adjustment.

Source: UOBKH

https://research.uobkayhian.com/content ... a69ca9bc18
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Cahya Mata Sarawak Bhd

Postby winston » Wed Jul 01, 2020 3:26 pm

not vested

Cahya Mata Sarawak (CMS MK): HOLD
Market Cap: US$390m | Average Daily Value: US$2.8m
Last Traded Price: RM1.56; Price Target: RM1.65 (Upside 6.0%) (Prev RM2.25)

Dragged by core divisions

QFY20 missed expectations as core divisions underperformed and OM Sarawak likely to have recorded a net loss

Expect OM Sarawak to register full-year net loss in FY20 due to weak ferrosilicon and manganese prices

Cut FY20-21F by 48% and 4% respectively

Maintain HOLD with lower SOP-based TP of RM1.65

Source: DBS

https://researchwise.dbsvresearch.com/R ... =ffceekhab
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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