Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
SOUTHERN CABLE GROUP BERHAD (“SOUTHERN CABLE” OR THE “COMPANY”) - ACCEPTANCE OF NOTIFICATION OF AWARD FOR THE SUPPLY AND DELIVERY OF CABLES AND CONDUCTORS IN EAST MALAYSIA
DETAILS OF THE CONTRACT(a) The total estimated Contract price shall be RM172,568,429.96 (Ringgit Malaysia: One Hundred Seventy-Two Million Five Hundred Sixty-Eight Thousand Four Hundred Twenty-Nine and sen Ninety-Six) only.
KUALA LUMPUR: Apex Securities has increased its earnings forecast and target price for Southern Cable Group Bhd (SCG) due to expected higher demand for cables and wires, estimated at RM1.5 billion for financial year 2025 (FY25) onwards.
It has raised its target price for the company, which is one of only four key players providing high voltage cables and wires in the market, from RM1.27 to RM1.63, maintaining a 'Buy' recommendation on the stock.