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In response to the robust growth, we are investing in our production capacity to meet the
growing demand for cables and wires. We continue to receive numerous enquiries from various
industry players, including power transmission and distribution, construction, and
infrastructure, as well as data centre builders.
With the increasing demand for power to support new developments, Southern Cable is poised
to see new leap in the revenue base.” - scgb managing director Mr Tung
From june 2024, usd is going down and the price of the copper sand is a little bit up. plus minus still got earning... See when the construction is finish, selling time is almost there... Later also want to watchout the contruction of the charging station... This kind of construction is keep silenced... Charging station is not need huge demand by now. Maybe after the reveal of budget 2025, then it will be took attention by investor...
Klse, no la my cost price is not that low coz this stock lowest price is only 0.28 since I invested on it. My average cost is around 0.30. Have gone thru the bad times together with this company when nobody give it a fxxk. Witnessed nobody comment about this company at all since I invested on it until it getting merrier here now. Share price is subject to the emotional and fluctuation of the market, but the business of this company is solid.
Instead of whether it can breaks price resistance in short term, I am more concern whether this company can continue breaks profit new high in coming quarter or not
mr.k if scgb selling them by contract price, sure got some advantage at the forex issue... after finished the contract, the forex is raise up... Let say scgb said they want to revise the price, those american may broke it up then no more supply to them ad...
osk is purchasing universal cable factory at johor. Later their construction had lower cost then can selling their property higher price compared with other not featured electric charging... Let say this trend or standard is ramp up, mostly cable factory is rushing for this kind for product like gloves in covid period....
Nice VCP setup and breakthrough... I didn't manage to pick up this stock but it's high in my watchlist and I rate it highly... Congrats to the holders...