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KUALA LUMPUR (April 28): Rising polymer prices are unlikely to hurt Southern Cable Group Bhd’s (KL:SCGBHD) earnings amid expected contract repricing, said Kenanga Investment Bank.
In a research note on Tuesday, the research house said Southern Cable has secured sufficient supply of polymer — a key raw material for cable production — at pre-spike prices to support deliveries until July, which helps to reduce short-term margin pressure.
jiak Beh Liao.. TNB panel SCG as long term approved supplier . Now penetrate US market, expansion.. fall of scable , benefit this SCG as well.. waiting build new factory now..
The research house said Southern Cable secured approximately RM200mil in DC-related orders in the second quarter ended June 30, 2026 (2Q26), compared with RM354mil for the financial year ended Dec 31, 2025 (FY25).
It said the group’s existing 132kV capacity was also fully booked through year-end, supported by strong demand from the solar segment.