not vested
2Q Results
Revenue: -4%; Rm 278m
EPS: +27%; 0.0311; RM 33m
Net Asset: RM 3.16
https://www.bursamalaysia.com/market_in ... id=3477617
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Cahya Mata Sarawak Bhd
Re: Cahya Mata Sarawak Bhd
by winston » Mon Oct 21, 2024 11:16 am
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 112954
- Joined: Wed May 07, 2008 9:28 am
Re: Cahya Mata Sarawak Bhd
by winston » Tue Nov 26, 2024 10:46 am
not vested
Cahya Mata Sarawak Berhad - Stronger Cement Demand to Drive Earnings
Date: 2024-08-28
Firm: MIDF
Stock: CMSB
Price Target: 1.53
Price Call: BUY
KEY INVESTMENT HIGHLIGHTS
2QFY24 core net profit tripled to RM38.0m despite weaker revenue
Cement revenue declined -4.8%yoy to RM150.0m; PBT doubled to RM43.9m due to improved margins
Phosphate division's losses declined due to lower operating costs
Maintain BUY with an upgraded TP of RM1.53
Source: MIDF
https://klse.i3investor.com/web/priceta ... arch/73024
Cahya Mata Sarawak Berhad - Stronger Cement Demand to Drive Earnings
Date: 2024-08-28
Firm: MIDF
Stock: CMSB
Price Target: 1.53
Price Call: BUY
KEY INVESTMENT HIGHLIGHTS
2QFY24 core net profit tripled to RM38.0m despite weaker revenue
Cement revenue declined -4.8%yoy to RM150.0m; PBT doubled to RM43.9m due to improved margins
Phosphate division's losses declined due to lower operating costs
Maintain BUY with an upgraded TP of RM1.53
Source: MIDF
https://klse.i3investor.com/web/priceta ... arch/73024
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 112954
- Joined: Wed May 07, 2008 9:28 am
Re: Cahya Mata Sarawak Bhd
by winston » Wed Nov 27, 2024 3:11 pm
Cahya Mata Sarawak (CMS MK) 3Q24: Impacted by FX losses
Core profit above expectations; maintain BUY
CMS’ 3Q24 headline net loss of MYR9m included a MYR75m unrealised FX loss at its phosphate ops.
Excluding this, 3Q core net profit was MYR66m, bringing 9M24 core net profit to MYR126m, above expectations at 85% of our FY24E and 92% of consensus – the beat coming from its cement ops (on better-than-expected margins).
No change to our earnings forecasts as we expect reversal of some of 3Q’s unrealised FX loss in 4Q.
Our unchanged TP of MYR1.60 is based on 10x FY25E PER (-0.5SD of LT mean). The stock remains undervalued, trading at 7.5x FY25E PER and 0.4x P/B. BUY.
Source: Maybank
chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://mkefactsettd.maybank-ke.com/PDFS/422152.pdf
Core profit above expectations; maintain BUY
CMS’ 3Q24 headline net loss of MYR9m included a MYR75m unrealised FX loss at its phosphate ops.
Excluding this, 3Q core net profit was MYR66m, bringing 9M24 core net profit to MYR126m, above expectations at 85% of our FY24E and 92% of consensus – the beat coming from its cement ops (on better-than-expected margins).
No change to our earnings forecasts as we expect reversal of some of 3Q’s unrealised FX loss in 4Q.
Our unchanged TP of MYR1.60 is based on 10x FY25E PER (-0.5SD of LT mean). The stock remains undervalued, trading at 7.5x FY25E PER and 0.4x P/B. BUY.
Source: Maybank
chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://mkefactsettd.maybank-ke.com/PDFS/422152.pdf
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 112954
- Joined: Wed May 07, 2008 9:28 am
Re: Cahya Mata Sarawak Bhd
by winston » Thu Aug 21, 2025 10:26 am
not vested
2Q25: Still slow
Maintain BUY call and MYR1.66 TP 2Q25 and 6M25 results underperformed our expectations.
Yet, we maintain our earnings estimates and MYR1.66 TP on 12x FY25E PER (10% discount to long term 12M forward PER mean) pending its analyst briefing tentatively scheduled for Friday, 22 Aug 2025.
In 2H25, we expect more robust construction activities and the commissioning of its phosphate plant to positively impact earnings.
Source: Maybank
https://mkefactsettd.maybank-ke.com/PDFS/480036.pdf
2Q25: Still slow
Maintain BUY call and MYR1.66 TP 2Q25 and 6M25 results underperformed our expectations.
Yet, we maintain our earnings estimates and MYR1.66 TP on 12x FY25E PER (10% discount to long term 12M forward PER mean) pending its analyst briefing tentatively scheduled for Friday, 22 Aug 2025.
In 2H25, we expect more robust construction activities and the commissioning of its phosphate plant to positively impact earnings.
Source: Maybank
https://mkefactsettd.maybank-ke.com/PDFS/480036.pdf
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 112954
- Joined: Wed May 07, 2008 9:28 am
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