Analysts maintain BUY call on Southern Cable Group

Southern Cable Group secured a new long-term contract from TNB for RM403.6m, boosting orders in hand to >RM1bn. The award comes with an option for a 30% add-on based on the contract value.

Southern Cable Group

The option is highly likely to be exercised, along with additional orders equivalent to the original contract value, boasting the total contract value to RM1.3bn over the next two years.

Maintain BUY

“We maintain our BUY recommendation with an unchanged target price of RM1.63, pegged to a 18.0x PER on FY26F fully diluted EPS of 9.1 sen, along with a three-star ESG rating,” says Apex.

    More Business News

    Staff Writer

    Recent Posts

    Eco World Posts Solid 1HFY26 Earnings on Industrial Land Sales

    Eco World reported stronger 1HFY26 earnings driven by industrial land sales, while robust new sales…

    8 hours ago

    Scoot x Sony Pictures’ Spider-Man: Brand New Day

    Scoot, the low-cost subsidiary of Singapore Airlines (SIA), is pleased to announce an exciting collaboration…

    8 hours ago

    RICOH Malaysia Showcases AI Solutions Driving Smarter Industrial Operations

    RICOH Malaysia unveiled AI and automation solutions designed to improve operational efficiency, workflow intelligence, and…

    9 hours ago

    FedEx Helps APAC Businesses Adapt Confidently to EU De Minimis Changes

    Singapore, June 18, 2026 — Federal Express Corporation, one of the world’s largest express transportation…

    9 hours ago

    Why Fear Has No Place in Malaysia’s Path Forward

    Malaysia faces critical challenges like rising costs and political instability while pursuing a future of…

    10 hours ago

    Malaysia Climbs to 15th in Global Competitiveness Ranking

    Malaysia has jumped eight spots to rank 15th in the 2026 IMD World Competitiveness Ranking,…

    11 hours ago

    This website uses cookies.