< Personal Opinion >

This is a counter with good business foundation and a solid financial. With a strong first Q1 2023 results, it is looking to hit 20m PAT for FYE 2023. That is an increase of 37.93% from the previous year. Currently SCGB is one of the largest if not the largest cable manufacturer in Malaysia with 30-40% market share. With the current order book increasing every year from TNB and TM, SCGB is poised to become the market leader. Currently SCGB is the one of two cable manufacturer that is listed in Bursa, with Sarawak cable in PN17. IF Southern cable is able to takeover Sarawak Cable's position and start supplying more cables to SEB (Sarawak Energy Berhad). The potential upside for this counter is unimaginable.

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