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[公司专区] 2852 CMSB 砂州日光

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发表于 2013-9-27 10:22 | 显示全部楼层
Cahya Mata Sarawak - “Land Of The Rising Sun” Keen On SCORE

Author: kiasutrader   |   Publish date: Fri, 27 Sep 09:47


CMS,  the  best  proxy  to  the  Sarawak  Corridor  of  Renewable  Energy (SCORE), attracted keen institutional interest during our Japan non-deal roadshow  (NDR). Its  OMS  associate and phosphate  project  under MPA are set to benefit from attractive power prices. We see upside too for its SPD subsidiary, while business growth at its other units will be SCORE-driven. Maintain BUY, with our SOP-based FV of MYR7.55 unchanged.

- NDR in  Japan. Last  week,  we  marketed  our  investment idea  “Sarawak Scales New Heights With SCORE” followed by a 2-day NDR on CMS in Japan,  which  successfully  attracted  keen  interest  from  institutional investors there.

- Excellent  proxy  to  SCORE.  In  general,  investors  like  this  Sarawak-based conglomerate, which is managed professionally. Most concur with our view that the group is set to benefit from the initiatives rolled out by SCORE.  This  includes  its  existing  businesses  in  the  cement, construction  materials,  construction,  road  maintenance  and  property divisions.

- More on SCORE. Investors are attracted by the offer of attractive power tariffs to heavy industries in Samalaju, Sarawak. Construction on Phase 1  of  a  power-hungry  smelting  project  by  the group’s 20%-owned  OM Materials  (Sarawak)  (OMS)  is  now  40%  complete,  with  stage commissioning expected from 2Q14. We also see positive progress in its Malaysian Phosphate Additives SB (MPA) project, as well as upside for its  51%-owned  Samalaju  Property  Development  SB  (SPD)  unit. Management  expects  the  occupancy  rate  at  its  workers  lodge  to  peak soon, while the scale of works at its hotel, amenities, and residential and commercial properties may be larger than we projected earlier.   

- Cement  division  an  immediate  catalyst.  Many  investors  are  also impressed with the group’s logistics prowess, which allows it to maintain its tight grip on Sarawak’s cement market. Meanwhile, CMS’ clinker unit, which  has  seen  smooth  operations  since  March,  is  on  track  to  bounce back  after  returning  to  the  black  in  2Q13.  The  unit  incurred  a  MYR29m loss  in  FY12  due  to  the  plant’s  prolonged  shutdown.  We  expect efficiency to improve and production to grow from FY14 onwards.


Source: RHB

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发表于 2013-9-27 15:57 | 显示全部楼层
砂州日光展望維持正面


2013-09-27 15:13
(吉隆坡27日訊)砂州日光(CMSB,2852,主板工業產品組)的主要業務料續受惠於砂拉越再生能源走廊(SCORE),且其洋灰製造廠也有望轉虧為盈,興業研究維持正面看法。



興業表示在上週舉辦的日本非籌資巡迴演講中推薦砂州日光時獲現場機構投資者高度興趣。

“他們都贊同我們認為砂州日光將受益於砂拉越再生能源走廊中計劃的看法,並看好該公司為專業管理的當地集團。”

“同時,投資者也深受在砂拉越三馬拉如(Samalaju)經營重工業具吸引力的關稅優惠所吸引。”

興業披露,該公司持有20%股權的砂拉越東方資源的耗電冶煉計劃第一期建築工程已完成40%,預料可在明年次季開始測試工作。(星洲網)

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发表于 2013-9-27 19:45 | 显示全部楼层
受惠砂再生能源走廊‧砂州日光看法正面


2013-09-27 18:42
(吉隆坡27日訊)砂州日光(CMSB,2852,主板工業產品組)的主要業務料續受惠於砂拉越再生能源走廊(SCORE),且其洋灰製造廠也有望轉虧為盈,興業研究維持正面看法。



興業表示在上週舉辦的日本非籌資巡迴演講中推薦砂州日光時獲現場機構投資者高度興趣。

“他們都贊同我們認為砂州日光將受益於砂拉越再生能源走廊中計劃的看法,並看好該公司為專業管理的當地集團。”

“同時,投資者也深受在砂拉越三馬拉如(Samalaju)經營重工業具吸引力的關稅優惠所吸引。”

興業披露,該公司持有20%股權的砂拉越東方資源的耗電冶煉計劃第一期建築工程已完成40%,預料可在明年次季開始測試工作。

此外,興業稱,該公司的大馬磷酸鹽添加劑計劃也有正面發展,且其三馬拉如產業計劃分支也具上揚空間。

“管理層預期勞工佔用率很快會到高峰,然而,其酒店、設施、住宅與商業產業的工作規模或比我們早前所預期的更為龐大。”

興業也表示,許多投資者也對砂州日光的物流實力感到驚訝,因該公司的物流系統能夠應付該公司吃緊的洋灰供應。

與此同時,興業指出,該公司的洋灰製造廠自3月以來營運順暢,有望在今年次季轉虧為盈。

“該廠在2012財政時因延長停業而虧損2千900萬令吉,我們預期在2014財政年之後,該廠的營運效率可改善並提高生產力。”

興業維持砂州日光“買進”評級,目標價也保持在7令吉55仙。( 星洲日報/財經)

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发表于 2013-10-4 10:17 | 显示全部楼层
CAHYA MATA SARAWAK BHD (CMSB) - STOCK CODE: 2852
Price of CMSB went into a sideways correction in the past two weeks after it began a bullish rally in the mid of
September. It went above the short term 30-day moving average and even during the correction, the price
was still above the moving average. CMSB started to increase in the past two days with increasing volume
indicating a build-up in bullish momentum. The price closed at RM5.30 yesterday, near the immediate
resistance level at RM5.33. A breakout of this resistance level indicates a possible continuation of the
previous up trend rally. Hence, we suggest a trading buy for CMSB when price breaks above the resistance
level at RM5.34 up to RM5.36. Target price can be set below the major resistance level at RM6.00 while stop
loss can be placed below the immediate support level at RM5.04.
Buy Price : When price climbs to RM5.34, up to RM5.36
Target Price : RM6.00
Stop loss Price : RM5.04

Cahya Mata Sarawak Berhad manufactures building materials, and offers construction services and software.
The Company produces cement, steel wire, mesh and pipes, installs water distribution infrastructure,
operates a school, develops and markets computer software for the insurance and healthcare industries, and
distributes water treatment chemicals and equipment parts.

JUPITER SECURITIES RESEARCH

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发表于 2013-10-9 12:42 | 显示全部楼层
下跌股 砂查也马特RM5.15支撑 2013-10-09 12:10

砂查也马特(CMSB,2852,主板工业产品股)股价日线趋势于10月8日间滑落,陷入短期巩固回调趋势中,跌破5.40令吉支撑线后收在5.30令吉,按日跌13仙或2.39%。

它的近期股价趋势将会回试5.15-5.29令吉间的支撑。

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发表于 2013-10-24 17:55 | 显示全部楼层
砂州再生能源走廊前景看好


(吉隆坡24日訊)砂拉越持續書寫成長故事,令分析員正面情緒滿溢,並點名看好沙瑪拉如(Samalaju)和丹絨曼尼(Tanjung Manis)發展前景,相信砂拉越再生能源走廊(SCORE)不斷推進將拉動當地建築公司中短期表現。



肯納格研究在年初發表“砂拉越成長故事”報告後,再次走訪婆羅州(砂拉越和汶萊)進行考察,地點涵蓋古晉、丹絨曼尼、民都魯、沙瑪拉如和汶萊,並與多家當地公司進行會晤,以發掘砂州成長故事隱藏的珍寶。

當中,該證券行走訪砂拉越再生能源走廊(SCORE)增長節點――沙瑪拉如工業園,發現當地建築活動已處於積極狀態,銜接道路也日趨完善,而澳洲上市的OM控股(OMH)與亞洲礦業興建的錳與鐵合金冶煉廠首期工程已完成40%。

“自2008年啟動以來,沙瑪拉如工業園總承諾外國投資達到300億令吉,而我們瞭解到除了現有5位投資者外,另有15位投資者已釋出投資沙瑪拉如工業園的興趣。”

更重要的是,肯納格研究發現,區域走廊發展局(Recoda)數據顯示SCORE面臨近14萬4千的勞動力缺口,相信在SCORE帶來大量工作人口下,民都魯和沙瑪拉如週邊產業有望在近期內出現巨大需求。

砂房產上漲空間大

肯納格研究表示,“砂州產業價格雖在過去3年不斷上漲,但與巴生河流域和柔佛相比,我們相信潛在上漲空間依舊很大,而率先挺進沙瑪拉如進行產業發展計劃的砂州日光(CMSB,2852,主板工業產品組)和納因控股(NAIM,5073,主板產業組)勢必是最大贏家。”

除沙瑪拉如外,肯納格說SCORE還有另一隱藏瑰寶,就是即將成為全球最大清真(Halal)樞紐的丹絨曼尼。

“丹絨曼尼雖處於初步發展階段,但已成功吸引數位來自台灣和日本的投資者,而砂木材工業發展局(STIDC)也不斷改善當地基礎設施以滿足整體發展需要,將對當地承包商帶來幫助。”

目前,福勝利(HSL,6238,主板建筑組)為丹絨曼尼的主要承包商,負責區內80%基礎建設工作,而納因控股則負責丹絨曼尼港口的擴建計劃。

至於汶萊前景,該證券行指出,當地建築業前景“中和”,主要是與大馬不同,該國基於人口不多考量,並不急於興建大型工程,整體建築業增速將相對緩慢。

“不過,當地政府仍透過改善基礎建設和增加房屋數量來逐步發展國家經濟,而高峰控股(BPURI,5932,主板建筑組)、UEM集團和TRC協作(TRC,5054,主板建筑組)等國內建築公司已在當地樹立口碑,其中高峰控股現正積極爭取財政部建築和橋樑等工程。”

整體而言,肯納格對砂州發展滿溢“正面”感覺,相信SCORE持續推進將有利於當地基建公司中短期表現,維持建築領域“加碼”評級。

其中,砂州陽光料是砂州成長故事的首要受惠者,主要是其透過持股20%的冶煉廠計劃直接參與SCORE發展、有望從沙瑪拉如產業需求爆發中獲益,以及壟斷州內洋灰供應和維修州內所有道路和半數聯邦公路。

“福勝利(HSL,6238,主板建筑組)和納因控股將是另兩個受惠者,前者為砂州主要海事相關承包商,而後者則是州內知名產業發展商,勢必可從民都魯和沙瑪拉如旺盛產業需求中受益。”

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发表于 2013-10-25 09:29 | 显示全部楼层
砂州建筑业蓬勃券商唱好前景 婆罗洲概念股成焦点

    财经新闻
    财经

2013-10-25 08:21

(吉隆坡24日讯)在完成婆罗洲(Borneo)4天探访后,肯纳格投行对砂州建筑领域持“增持”评级,也看好在汶莱发展的大马公司,数只“婆罗洲”概念股获点名看好。

该行在报告中点名的“婆罗洲”概念股包括砂查也马特(CMSB,2852,主板工业产品股)、福胜利(HSL,6238,主板建筑股)、纳音控股(Naim,5073,主板产业股)、民都鲁港口(BIPORT,5032,主板贸服股)和高峰控股(BPURI个地区,包括古晋、丹戎马尼(Tanjung Manis)、民都鲁、沙马拉,5932,主板建筑股)。

外资承诺300亿

肯纳格投行在这次采访中共探访4祖(Samalaju)以及汶莱,也拜访数家公司。

肯纳格投行表示,沙马拉祖工业园为SCORE旗下增长区域,据分析员了解,还有另15名投资者对沙马拉祖工业区释放兴趣。

总的来说,自有关计划于2008年开始,外资总承诺投资接近300亿令吉。

因此,分析员预计民都鲁和沙马拉祖有可能为产业发展带来佳音,对这两个地方持正面看法,砂拉越区域走廊发展机构(RECODA)数据显示,SCORE面临约14万4000名员工短缺情形。

对于汶莱,分析员给予“中和”看法,因该国人口不多,并不着重在执行大型工程。据分析员了解,该国处缓慢发展,以提高基础建设和增加居家数量。

“婆罗洲”概念股

高峰控股(BPURI)能力 经验受肯定

高峰控股是投行在汶莱期间拜访的公司之一,尽管分析员对汶莱建筑领域保中和看法,但对于高峰控股于当地表现相当看好。

高峰控股已在当地有6至7年的时光,是汶莱具能力的承包商之一,近期为当地政府兴建520个房屋,分析员相信该公司有能力执行,因该公司曾在2009年成功在24个月内为该国政府完成2000个单位房屋。

高峰控股也在当地投入政府和私人界联营计划,签署一项协议,料能为公司带来长期收入。

汶莱政府在每个季度以一定利率租赁3栋72个单位于高峰控股,后者负责重新发展、装修和提升这些公寓。

砂查也马特(CMSB) 垄断洋灰供应

砂查也马特将是砂拉越增长趋势中主要受惠公司,除了参与砂拉越再生能源走廊(SCORE)旗下沙马拉祖工业园发展外,该公司相信能透过持51%子公司-Samalaju Properties,在当地产业需求预计增长中觅得商机。

此外,砂查也马特垄断砂拉越洋灰供应。

福胜利(HSL) 手持12亿订单

肯纳格投行相信当地基础建设股项都会受到看好,主要海运承包商的福胜利为砂州最大发展商,并且在SCORE有相当大的覆盖率。

计划把丹戎马尼港(Tanjung Manis)发展成全球最大清真中心的发展商———砂拉越木材业发展机构(STIDC)也认为福胜利为有能力的承包商,几乎80%工程都颁发于该公司。

福胜利可胜任各种工程,在建筑、与水务、大道等相关的基础建设和基本设施都具优势,手上持有12亿令吉的未完成订单。

纳音控股(Naim) 20亿工程待发展

砂州主要发展商纳音控股也被分析员点名,该公司正执行总发展价值高达20亿令吉BintuluParagon,预计2015年带来重大贡献。

该分析员表示,该公司具备创下强劲订单能力,料超越他们预期。

至于在砂州产业发展在未来5至7年剩余总发展价值超过30亿令吉,该公司透过持有达洋企业(Dayang,5141,主板贸服股)参与油气领域也是分析员给予“增持”评级原因。

民都鲁港口(BIPORT) 获码头经营权40年

民都鲁港口是分析员给予正面看法的公司之一,有关公司取得沙马拉祖工业码头的特许经营权为40年,并具延长20年的选项。

不过,基予有关项目的融资期限以及盈利贡献仍不确定,要评估Samalaju码头带来潜在盈利仍言之过早,分析员因而维持民都鲁港口“低于大市”投资评级。

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发表于 2013-11-1 17:45 | 显示全部楼层
WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR MEMBER’S VOLUNTARY LIQUIDATION OF WHOLLY OWNED SUBSIDIARY COMPANY
CAHYA MATA SARAWAK BERHAD

TypeAnnouncement
SubjectWINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
DescriptionMEMBER’S VOLUNTARY LIQUIDATION OF WHOLLY OWNED SUBSIDIARY COMPANY



Please find attached announcement on the member's voluntary liquidation of CMS Global (BVI) Limited, a wholly owned subsidiary.
This announcement is dated 1 November 2013.




Attachments

CMS Global (BVI).pdf
22 KB




Announcement Info
Company NameCAHYA MATA SARAWAK BERHAD  
Stock Name CMSB   
Date Announced1 Nov 2013
CategoryGeneral Announcement
Reference NoCM-131101-61292

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发表于 2013-11-4 15:31 | 显示全部楼层
Cahya Mata Sarawak - Hardcore SCORE-ing: Initiate with BUY
Date: 04/11/2013

Source : MAYBANK
Stock : CMSB     Price Target : 7.20     |     Price Call : BUY
Last Price : 5.27     |     Upside/Downside :   +1.93 (36.62%)
Back



Initiate with BUY at MYR7.20 TP. Riding on bustling SCORE development in Sarawak, we expect CMS’s net profit to grow at a stellar 19% 3-year CAGR, driven by: i) robust demand for its cement and construction materials and ii) growing contribution from its direct investments in SCORE. CMS’s stock is hugely undervalued at singledigit forward PERs. Our discounted SOP-based TP of MYR7.20, representing 10x FY14 PER (ex- net cash of MYR1.31/sh), is undemanding, with further upside potential to our earnings forecasts. With its future growth plans, CMS offers strong earnings growth even beyond 2015.
Strengthening core with SCORE. Buoyant construction activities led by SCORE developments have bolstered CMS’s core businesses, consisting of cement and construction materials, which historically accounts for 75% of group pre-tax profit. Going forward, CMS’s robust EBIT growth would be largely propelled by record-high capacity utilisation (>90%) and cost normalisation in its cement division. Usage of cheaper local coal could drive further upside to cement earnings.
Into Samalaju, the core of SCORE. With its cash-generative core units, CMS has shored up a sizeable war chest of MYR436m as of Jun 2013 to seize strategic direct investments in SCORE and boost bottomline growth. Maiden investment was its 20%-associate stake in OM Sarawak that would be the world’s lowest-cost ferrosilicon producer with 60% off-take of its Phase 1 production already secured. With a potential integrated phosphate plant JV, both investments in Samalaju could triple CMS’s 2012 earnings when fully operational by 2017.
Undervalued growth stock. CMS’s current valuation of 9x FY14 PER not only undervalues its strong cement and construction businesses, but its other profitable businesses and property land bank are not yet priced in. Our MYR7.20 TP is undemanding, equivalent to 10x FY14 PER ex-net cash. There is further near-term re-rating potential from the revaluation of its property land bank and positive earnings surprise. CMS’s strong earnings growth trajectory should continue beyond 2015, buoyed by its expansion plans, strategic investments and property development, all long-term catalysts. Dividend yield of 3-4% is decent.
        Source: Maybank Research - 4 Nov 2013

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发表于 2013-11-25 09:56 | 显示全部楼层

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发表于 2013-11-26 22:57 | 显示全部楼层
券商 :興業證券研究
目標價:7.55令吉

砂日光(CMSB,2852,主要板工業)本週四將宣佈第3季業績,我們預計在今年3月底重啟的熔渣(clinker)廠房驅動下,業績將再寫新高。

 由于熔渣廠房去年同期仍關閉進行提升,相關業務仍蒙虧,隨著廠房復工,第3季淨利料按年大漲,但按季可能持平。首9個月淨利料只佔全年預測約66%。

 但我們認為,該公司售地給建樂集團(SNTORIA,5213,主要板房產),盈利進賬將兌現在第4季業績,料可填補上述潛在盈利缺口。

 提升后的熔渣廠房明年將可達到最大效率、成本節省和產量,進而帶動明年盈利。脫售給建樂集團的另一塊地,也將反映在下財年首季財報。

 這也意味,砂州再生能源走廊(SCORE)正按計劃促進砂州經濟,繼而直接或間接利惠所有旗下商業單位的成長。

 我們的焦點是砂日光在砂拉越東方資源(OM Sarawak)錳矽鐵合金提煉廠的20%股權。這項計劃料帶來可觀回酬。

 此外,自3月20日以來,砂日光股價雖上漲了82.5%,但估值仍遭低估,目前的市值只反映洋灰業務價值。

 截至週一(25日)閉市,砂日光起6仙,報5.70令吉,成交量22萬9700股。

Source : http://www.chinapress.com.my/node/477972

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发表于 2013-11-28 17:13 | 显示全部楼层
2852    CMSB    CAHYA MATA SARAWAK BHD
Quarterly rpt on consolidated results for the financial period ended 30/9/2013
Quarter:3rd Quarter
Financial Year End:31/12/2013
Report Status:Unaudited
Submitted By:Denise Koo
Current Year QuarterPreceding Year Corresponding QuarterCurrent Year to DatePreceding Year Corresponding Period
30/09/201330/09/201230/09/201330/09/2012
RM '000RM '000RM '000RM '000
1Revenue335,400288,284984,091810,827
2Profit/Loss Before Tax62,52644,523186,152164,533
3Profit/Loss After Tax and Minority Interest49,12229,547136,455121,210
4Net Profit/Loss For The Period40,99222,142109,733100,583
5Basic Earnings/Loss Per Shares (sen)12.106.7733.1230.65
6Dividend Per Share (sen)0.000.005.005.00
As At End of Current QuarterAs At Preceding Financial Year End
7Net Tangible Assets Per Share (RM) 4.70004.5600
Remarks:
N/A

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发表于 2013-11-29 10:15 | 显示全部楼层
Cahya Mata Sarawak - Positive Reaffirmation
Author: kltrader   |   Publish date: Fri, 29 Nov 08:44  


Slightly above. CMS’s MYR110m 9M13 net profit (+9% YoY) accounted for 69% of our 2013 forecast. The results surpassed our estimate marginally due to higher-than-expected construction materials earnings. Meanwhile stronger cement and road maintenance earnings were bolstered by SCORE. Excluding the MYR20m profit from land sales in 2Q12, 9M13 net profit grew 36% YoY. Our forecasts are unchanged. Our discounted SOP-based TP of MYR7.20, representing 10x FY14 PER (ex-net cash of MYR1.31/sh), is undemanding. BUY.
Cement continues to drive growth. 3Q13 cement EBIT (48% of group EBIT) rebounded strongly by 113% YoY (+23% QoQ) after its clinker plant resumed operations in Mar 2013. Construction materials 3Q13 EBIT was outstanding as we expected 2H13 to be weaker after lumpy contracts recognition in 1H13, but 3Q13 EBIT was stable QoQ (-0.4% QoQ). Road maintenance EBIT strengthened 30% YoY and 28% QoQ on longer length of roads maintained. However, Samalaju development 3Q13 earnings were weighed down by accelerated depreciation charge.
Robust growth prospects. We keep our earnings unchanged as forward earnings could again be partly offset by the accelerated depreciation charge at the Samalaju development division. Buoyed by recovery in cement earnings (FY13-14) and maiden contribution from its associate stake in the ferrosilicon plant in 2H14, we expect CMS’s net profit to grow a strong 19% CAGR (2012-2015). Management expects to conclude its integrated phosphate plant JV soon that would warrant another re-rating to the stock. Property wise, CMS plans to launch properties worth MYR950m GDV in Samalaju Township in 2014.
Undervalued growth stock. CMS’s current valuation remains undemanding at 10x FY14 PER and 7.8x ex-net cash of MYR1.31/sh. It not only undervalues its cement and construction businesses, but its other profitable businesses and property land bank are not priced in yet. There is further near-term re-rating potential from the revaluation of its property land bank and positive earnings surprise. CMS’s strong earnings growth trajectory should continue beyond 2015, buoyed by its expansion plans, strategic investments and property development, all long-term catalysts. Dividend yield of 3-3.5% is decent.  
        Source: Maybank Research - 29 Nov 2013

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发表于 2013-11-29 10:16 | 显示全部楼层
本帖最后由 shkoh 于 2013-11-29 10:18 编辑

Cahya Mata Sarawak - Marching Towards Another Record Year

CMS posted strong 3Q13 results. We believe the recognition of profit from a land sale in 4Q will pave the way for the group to chart another record year of earnings, While its newly-upgraded clinker plant is set to propel the group’s FY13/14 earnings, other units will benefit from SCORE’s developments and timely land sales may also boost profit. Maintain BUY, with our SOP based-FV unchanged at MYR7.55.

- Results on track. We deem CMS’ 9M13 net profit of MYR109.7m to be spot on, despite the numbers accounting for just 66.6/67.4% of our/street full-year estimates respectively. We believe that the potential recognition of profits from the sale of one of two land plots to Sentoria (SNT MK, NR) in 4Q will make up rest of our FY13 estimates, we make no changes to our projection. 3Q13 profit rose by 2.4% q-o-q despite the rise in depreciation to MYR23.2m (+63.0% y-o-y, +18.2% q-o-q) during the quarter, after its management accelerated the depreciation of its workers’ lodge asset. Otherwise, earnings would have been better, lifted mostly by its clinker plant, which resumed operations in late March.

- All set to SCORE. We are projecting a marginal FY13 profit from CMS’ newly-upgraded clinker plant, which is likely to reach optimum efficiency and production volume next year, thus driving its 2014 earnings. Another land sale to SNT is likely to be recognised in 1Q14. That said, the Sarawak Corridor of Renewable Energy (SCORE) is well on track to propel the state’s economy, thereby directly/indirectly boosting the growth of all of its business units. Our focus is on CMS’ 20% stake in OM Sarawak SB’s smelting project, which offers potentially rich returns, given its access to 20 years of cheap power. We also see upside for 51%-owned Samalaju Property Development SB and positive progress in its Malaysian Phosphate Additives (MPA) project.

- Reiterate BUY. CMS’ valuations remain undemanding despite having gained 82.5% since we initiated coverage on 20 March. Yet, its current market cap only reflects the full valuation of its cement division, based on its peers’ average P/Es. Note that its other divisions account for half of earnings. Thus, our SOP-based FV of MYR7.55 reflects 1.2x P/BV and a 10.3x P/E on FY14F estimates, after stripping off net cash. With another set of record earnings almost in the bag, we maintain our BUY call.







        Source: RHB

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发表于 2013-11-29 11:46 | 显示全部楼层
砂查也马特净利大涨85%  2013-11-29 10:09
   

(吉隆坡28日讯)洋灰、建筑与道路维修、以及建材与贸易业务贡献提高,带动砂查也马特(CMSB,2852,主板工业产品股)现财年第三季净利劲扬85.13%至4099万2000令吉,或每股12.10仙,上财年同期为2214万2000令吉和6.77仙。

营业额则增加16.34%至3亿3540万令吉,上财年同期为2亿8828万4000令吉。

首9个月,净利起9.10%至1亿973万3000令吉,营业额则增21.37%至9亿8409万1000令吉。

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发表于 2013-12-2 17:29 | 显示全部楼层
WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR CAHYA MATA SARAWAK BERHAD (“CMSB” OR “THE COMPANY”) MEMBER'S VOLUNTARY LIQUIDATION OF WHOLLY OWNED SUBSIDIARY COMPANY
CAHYA MATA SARAWAK BERHAD

TypeAnnouncement
SubjectWINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
DescriptionCAHYA MATA SARAWAK BERHAD (“CMSB” OR “THE COMPANY”)
MEMBER'S VOLUNTARY LIQUIDATION OF WHOLLY OWNED SUBSIDIARY COMPANY


Reference is made to the Company’s announcement dated 1 November 2013 on the Member’s Voluntary Liquidation of CMS Global (BVI) Limited, a wholly-owned subsidiary of CMSB.



The Company wishes to announce that it has received notification on 2 December 2013 that CMS Global (BVI) Limited has been dissolved on 22 November 2013.



This announcement is dated 2 December 2013.








Announcement Info
Company NameCAHYA MATA SARAWAK BERHAD  
Stock Name CMSB   
Date Announced2 Dec 2013
CategoryGeneral Announcement
Reference NoCM-131202-CEDDD

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发表于 2013-12-3 13:20 | 显示全部楼层
上升股 砂查也马特阻力RM6.10  2013-12-03 13:05



砂查也马特(CMSB,2852,主板工业产品股)日线趋势于12月2日间显现着一段技术反弹,闭市报6.09令吉,按日涨20仙或3.40%,于闭市前临尾持续反弹。

短期上升阻力料会处于6.10-6.25令吉水平间。

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发表于 2013-12-3 20:16 | 显示全部楼层
幸好电费调整对cmsb没有影响,希望明天股价能升回。

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发表于 2013-12-3 20:57 | 显示全部楼层
对,希望股价明天升回

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发表于 2013-12-6 18:35 | 显示全部楼层
MEMORANDUM OF UNDERSTANDING MEMORANDUM OF UNDERSTANDING
CAHYA MATA SARAWAK BERHAD

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionMEMORANDUM OF UNDERSTANDING


We refer to the Company’s announcements dated 7 June 2012, 7 September 2012, 7 December 2012, 7 March 2013, 7 June 2013 and 6 September 2013 respectively pertaining to the Memorandum of Understanding (“MOU”) signed between its wholly owned subsidiary company, Samalaju Industries Sdn Bhd and Malaysian Phosphate Additives Sdn Bhd for the purpose of recording their intention to enter into negotiations in good faith pertaining to an Integrated Phosphate Plant (“Plant”) with an annual production capacity of approximately 500,000 tonnes in Samalaju, Sarawak at a current estimated cost of RM850 million.


The Board of Cahya Mata Sarawak Berhad wishes to inform that the parties are in the final stages of negotiation of a Shareholders’ Agreement, Technical Assistance Agreement and Term Sheet for the Power Purchase Agreement for the Plant.



This announcement is dated 6 December 2013.







Announcement Info
Company NameCAHYA MATA SARAWAK BERHAD  
Stock Name CMSB   
Date Announced6 Dec 2013
CategoryGeneral Announcement
Reference NoCM-131206-05256

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