cahya mata

 
 

CMS promotes free and competitive trade in Sarawak

KUCHING: In response to a motion moved by Pujut Assemblyman Ting Tiong Choon, Cahya Mata Sarawak Bhd (CMS) says that it is erroneous to say the company has a monopoly over the production and sale of cement in Sarawak. In a press statement, it affirmed that it has not increased the price of cement in […]


CMS, IEM sign MoU to improve industry-related research in Sarawak

KUCHING: Cahya Mata Sarawak Bhd (CMS) has signed a Memorandum of Understanding (MoU) with The Institution of Engineers Malaysia, Sarawak Branch (IEM Sarawak) to establish collaborative relations between the two parties in developing a technical interchange through mutual assistance – with an impetus on industry-related research in Sarawak. CMS group chief executive officer – operations, […]


Positive on CMS receiving Sarawak road maintenance concession

KUCHING: The announcement of Cahya Mata Sarawak Bhd’s (CMS) state road maintenance concession being extended by the Sarawak state government for another year should lift the sentiment on the stock, which has been under selling pressure since the 14th General Election. To note, the extension is for up to June 30, 2019 based on the […]


Bursa stays negative at mid-day

KUALA LUMPUR, June 19 — Bursa Malaysia remained in negative territory at mid-day today as risk-off sentiment continued to dog equity markets. At 12.30pm, the key FTSE Bursa Malaysia KLCI (FBM KLCI) was 11.41 points lower at 1,732.02 from…


Cahya Mata Sarawak falls 9.1% despite contract extension

PETALING JAYA: Cahya Mata Sarawak Bhd fell 9.1% in early trade to a low of RM2.30 despite being granted extension for its road maintenance contract by the state government.

At 11.07 am, the stock was trading at RM2.42 with 3.70 million shares done.

CMS said in a filing with Bursa Malaysia yesterday that its indirectly owned subsidiary CMS Roads Sdn Bhd had received a letter last Thursday from the Sarawak government informing of the contract extension.

The one year extension is on top of the six-month extension that was granted on Dec 4, 2017, from Jan 1, 2018 to June 30, 2018.

The contract extension is worth RM180 million and is expected to contribute positively to the group's earnings during the tenure of the contract.


EPF lost RM6 bil in investment value in 10 PLCs after GE14 – report

  KUCHING:  Employees Provident Fund (EPF) has seen its investment value in 10 public-listed companies (PLCs) drop 12 per cent or a whopping RM6.09 billion, a month after the 14th general election (GE14) that saw a change in government for the first time in Malaysian history, reported The Edge. A compilation by The Edge shows […]


Cahya Mata Sarawak’s road maintenance contract extended

PETALING JAYA: Cahya Mata Sarawak Bhd’s (CMS) contract for the maintenance of state roads in Sarawak has been extended by the state government for another year, till June 30, 2019.

In a filing with Bursa Malaysia earlier, CMS said CMS Roads Sdn Bhd, a wholly owned subsidiary of CMS Works Sdn Bhd, which in turn is a subsidiary of CMS, received a letter last Thursday from the Sarawak government informing of the contract extension.

The one year extension is on top of the six months extension that was granted on Dec 4, 2017, from Jan 1, 2018 to June 30, 2018.

The contract extension is worth RM180 million and is expected to contribute positively to the group’s earnings during the tenure of the contract.

CMS said the extension is a prudent next step as it allows the state government to develop a comprehensive road management and maintenance contracting strategy for its entire current total inventory of about 30,000km of state roads.

Of the total 30,000km, only 6,000km is being maintained by CMS Roads under the existing contract of 15 years.

“CMS is confident that it will continue to remain an integral part of the state’s long term state roads management and maintenance programme,” it said.

CMS’ share price fell 7.66% or 21 sen to close at RM2.53 today with a total of 3.81 million shares traded.


KLCI down 0.38% as regional markets turn choppy

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KUALA LUMPUR (June 12): The FBM KLCI fell 0.38% at the midday break today against the backdrop of choppy regional markets, dragged by select index-linked blue chips. At 12.30pm, the FBM KLCI fell 6.66 points to 1,769.14. Losers led gainers by 386 to 173, while 537 counters traded unchanged. Volume was 1.42 billion shares valued at RM1.07 billion. The top losers included United Plantations Bhd, Top Glove Corp Bhd, Heineken Malaysia Bhd, S P Setia Bhd, Cahya Mata Sarawak Bhd, Hong Leong Industries Bhd, KESM Industries Bhd, Tenaga Nasional Bhd,Read More


Investors take caution ahead of expected Fed hike

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KUALA LUMPUR: The local market took a step back on Friday, along with other Asian markets, snapping a two-day rally on profit-taking amid a cautious external environment. Interest rates were at the forefront of concerns as the US Fed is widely expected to hike its lending rate next week. The Group of Seven summit, slated to be held today and tomorrow, also weighed on the global sentiment as US President Donald Trump discusses trade tariffs with major trade partners. The FBM KLCI ended the morning session 10.37 points lower at Read More


Short selling for Cahya Mata Sarawak suspended, MyEG up on bargain hunting

PETALING JAYA: The proprietary day trading and intraday short selling for Cahya Mata Sarawak Bhd has been suspended after its shares dropped more than 15 sen or 15% from the reference price.

Cahya Mata Sarawak 's share price hit limit-down again today, falling as much as 74 sen or 29.8% to RM1.74 before closing 56 sen or 22.6% lower at RM1.92. A total of 28.93 million shares were traded. Since the general election on May 9, the stock has declined 53.5%.

Meanwhile, MyEG Services Bhd saw its shares jump on bargain huntingy, closing at an intraday high of 98 sen, up 5.5 sen or 5.9% on 144.52 million shares traded, making it the most heavily traded stock of the day.

MyEG took a beating last week after the election, having lost 62% in market capitalisation so far.