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nd and metal products.Forecast. We raise our FY24/25/26 earnings forecast by 13%/20%/19%, to account for higher sales assumptions.Fair Value of RM1.45. Post earnings adjustments, we roll forward our valuation to FY26, resulting in a higher TP of RM1.45 (from RM1.15) based on 18x FY26 partially diluted EPS of 8.0 sen – assuming 70% of the warrants will be converted in the valuation year. We like SCG for its leading position in the power cable business in Malaysia. The growing power demand and the
Yes vincent is right. This is the main purpose of convertion of warrants to mother shares. Share price always goes up slowly after conversion of warrants since one year ago for this counter.