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As at end-May 2023, Sarawak Cable’s borrowings stood at RM400.37 million, while cash only stood at RM34.96 million.
Almost similar to Serbadk. And make it even worst, Taib family no longer can get project easily as before when Tun Taib was Swak CM.
it's doesn't matter how many borrowings and cash flow. the matter is how many projects they have. no matter how notorious they are , all the matter is host , claimed expert .
they dont have the project so far. only try to sell hydro. With Taib no longer CM in Swak, all his son no longer get prioritise in any gov project. CMSB also face same fate. only that they still monopoly cement in here make them still relevant. Only goreng2 will make this stock can up. But it also can have same fate as Serbadk
