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The Sabah state election already passed, votes casted, and new state government formed. Now the heat will be looking at the incoming Sarawak state election.
According to the constitution, the Sarawak state election must be held before the 7th September 2021, which means both parties got lesser than 12 months to prepare for it.
The Sarawak Election will be very crucial. The Sarawak state government had been pushing out a lot of infrastructure upgrade in order to improve the welfare of the people. One of the most significant is the construction of PAN BORNEO HIGHWAY.
According to TheEdge, the current completion of the Sarawak section stands at 52%, and Sabah is 32% as of August 2020.
There is still balance of 20 packages for the highway.
Excerpt taken from The Edge.
Sarawak push for infrastructure upgrade will benefit a lot of local Sarawakian company. Sarawak based company such as CMSB, SCABLE, KKB, HSL, ZECON
For now, my focus light will be SCABLE 5170. SARAWAK CABLE BERHAD
SCABLE price at the current level is very attractive. The company share price currently is resting at technical support line. While the company is making some losses, the political linkage with the Sarawak state government and established ties is very valuable for the company future potential growth.
We see the technical accumulation on 25th June 2020 as a very positive signal for the stock to move forward.
SCABLE substantial shareholder include Dato Sri Mahmud Abu Bekir Taib holding a total of 26%, which is the son of the Sarawak Governor - Tun Taib Mahmud
SARAWAK ENERGY BERHAD (SEB) also held substantial stake of 16%
WHY SCABLE WILL BE ATTRACTIVE
1. MORE PROJECT TO BE AWARDED IN SARAWAK TO UPGRADE INFRASTRUCTURE AND RURAL AREA. EXAMPLES ARE ELECTRICITY CONNECTIVITY, INTERNET CONNECTIVITY AND ROAD.
2. SCABLE BOOK ORDER CURRENTLY MORE THAN RM 500 MILLION
3. ABLE TO PARTICIPATE MORE OF PAN BORNEO AND OTHER SARAWAK PROJECT IN COMING FUTURE
4. CURRENT SHARE PRICE IS LOW AND ATTRACTIVE WITH MINIMAL DOWNSIDE BUT GOOD UPSIDE POTENTIAL
WE HAD WITNESS SCIB UPSIDE POTENTIAL. FROM RM 1.00 UNTIL RM 4.00
NOW SCABLE CURRENT SHARE PRICE IS RM 0.20, WHERE WILL BE THE UPSIDE POTENTIAL ? RM 1.00 ?
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