Announcement • Apr 29
Sarawak Cable Berhad, Annual General Meeting, May 30, 2025 Sarawak Cable Berhad, Annual General Meeting, May 30, 2025, at 10:00 Singapore Standard Time. Location: banquet hall of royal lake club kuala lumpur, taman tasek perdana, jalan cenderamulia, off jalan parlimen, 50480 kuala lumpur, wilayah persekutuan kuala lumpur, Malaysia Announcement • Mar 14
Sarawak Cable Berhad Updates on Court Case Sarawak Cable Berhad (Interim Judicial Manager Appointed) ("SCB" or "The Company") announced Update on Writ of Summons and Statement of Claim served by Hong Leong Bank Berhad ("the Plaintiff") against the Company and Universal Cable (Sarawak) Sdn Bhd ("1st Defendant"), a wholly-owned subsidiary of the Company (Suit No. KCH-22NCvC-19-4/2024). The Company wishes to announce that at the hearing on 13 March 2025, the High Court has allowed the Plaintiff’s Summary Judgement Application against the 1st Defendant with costs of MYR 5,000.00 to be paid by the 1st Defendant to the Plaintiff. The 1st Defendant plans to file an appeal against the judgement. Reported Earnings • Feb 06
Full year 2024 earnings released: RM0.66 loss per share (vs RM0.35 loss in FY 2023) Full year 2024 results: RM0.66 loss per share (further deteriorated from RM0.35 loss in FY 2023). Revenue: RM143.9m (down 66% from FY 2023). Net loss: RM264.6m (loss widened 92% from FY 2023). New Risk • Jan 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM39.9m (US$9.11m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-RM84m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-RM378m). Earnings have declined by 36% per year over the past 5 years. Market cap is less than US$10m (RM39.9m market cap, or US$9.11m). Reported Earnings • Oct 29
First quarter 2025 earnings released: RM0.012 loss per share (vs RM0.032 loss in 1Q 2024) First quarter 2025 results: RM0.012 loss per share (improved from RM0.032 loss in 1Q 2024). Revenue: RM1.97m (down 98% from 1Q 2024). Net loss: RM4.82m (loss narrowed 62% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings. Announcement • Oct 28
Sarawak Cable Berhad Announces Redesignation of Dato Sri Mahmud Abu Bekir Taib from Chairman to Non Independent and Non Executive Director Sarawak Cable Berhad announced the redesignation of Dato Sri Mahmud Abu Bekir Taib, age 61, from Chairman to Non Independent and Non Executive Director, effective October 28, 2024. Board Change • Sep 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Non-Independent & Non-Executive Chairman Mahmud Abu Taib is the most experienced director on the board, commencing their role in 2009. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 30
Sarawak Cable Berhad Announces Re-Designation of Rafat Ali Rizvi, Member of Risk Committee as Non-Independent and Non-Executive Chairman of Risk Committee Sarawak Cable Berhad announced re-designation of Mr. Rafat Ali Rizvi, member of risk committee as non-independent and non-executive chairman of risk committee. Date of change is 29 August 2024. Age: 63. Composition of Risk Committee (Name and Directorate of members after change): Rafat Ali Rizvi - Chairman, Non-Independent Non-Executive Director; Hamzah Bin Mahmood - Member, Independent Non-Executive Director; Kiew Jin Huey - Member, Independent Non-Executive Director. New Risk • Aug 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -RM43m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-RM43m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Negative equity (-RM373m). Earnings have declined by 33% per year over the past 5 years. Market cap is less than US$10m (RM35.9m market cap, or US$7.88m). Reported Earnings • Aug 01
Full year 2024 earnings released: RM0.80 loss per share (vs RM0.26 loss in FY 2023) Full year 2024 results: RM0.80 loss per share (further deteriorated from RM0.26 loss in FY 2023). Revenue: RM354.2m (down 35% from FY 2023). Net loss: RM318.5m (loss widened 213% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings. Board Change • Jul 31
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Non-Independent & Non-Executive Chairman Mahmud Abu Taib is the most experienced director on the board, commencing their role in 2009. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 24
Sarawak Cable Berhad Announces resignation of Encik Redzuan Bin Rauf as Independent and Non Executive Member of Risk Committee Sarawak Cable Berhad announced Cessation of Encik Redzuan Bin Rauf as Independent and Non Executive Member of Risk Committee, effective 23 July 2024. Age: 52. Composition of Risk Committee(Name and Directorate of members after change); Datuk Kevin How Kow - Member, Non-Independent Non-Executive Director. Announcement • Jul 18
Sarawak Cable Berhad Announces Resignation of Mr. Russell Walter Boyd as Group Chief Executive Officer Sarawak Cable Berhad announced resignation of Mr. Russell Walter Boyd as Group Chief Executive Officer, age 41, due to Personal reason. Date of change is July 16, 2024. Announcement • Jul 16
Sarawak Cable Berhad Announces Resignation of Miss Teoh Wen Jinq as Chief Financial Officer Sarawak Cable Berhad announced resignation of Miss Teoh Wen Jinq, aged 49 as Chief Financial Officer of the company due to personal reason. Date of change: July 15, 2024. New Risk • Jul 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM45.9m (US$9.79m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-RM125m). Earnings have declined by 22% per year over the past 5 years. Market cap is less than US$10m (RM45.9m market cap, or US$9.79m). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Announcement • Jul 10
Sarawak Cable Berhad Receives an Originating Summons Filed in the Kuala Lumpur High Court The Board of Directors of Sarawak Cable Berhad received an Originating Summons filed in the Kuala Lumpur High Court on 9 July 2024 from the solicitors acting on behalf of Messrs Krish Maniam & Co to place SCB under judicial management pursuant to Section 404 of the Companies Act 2016 and appointment of Lim Sin Han of Messrs Sin Han & Co as Judicial Manager. Pursuant to the letter from the solicitors of Messrs Krish Maniam & Co, it would appear that a hearing was fixed on 9 July 2024 and the High Court judge has allowed the application for the following:- SCB be placed under interim judicial management pursuant to Section 405 of the Companies Act 2016; That Lim Sin Han (NRIC No. 820705-04-5369) (Approval No. 10018/08/2025) of Messrs Sin Han & Co., A3-3 Tropicana Avenue Persiaran Tropicana, 47410, Petaling Jaya, Selangor be appointed as the Judicial Manager of the Company. SCB is consulting its solicitors to verify the matter and to amongst others consider setting aside an Order and further announcements will be made to Bursa Malaysia Securities Berhad as and when there are material developments in relation thereof. Reported Earnings • Apr 26
Third quarter 2024 earnings released: RM0.053 loss per share (vs RM0.17 loss in 3Q 2023) Third quarter 2024 results: RM0.053 loss per share (improved from RM0.17 loss in 3Q 2023). Revenue: RM74.4m (down 19% from 3Q 2023). Net loss: RM21.0m (loss narrowed 70% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Reported Earnings • Jan 25
Second quarter 2024 earnings released: RM0.09 loss per share (vs RM0.17 loss in 2Q 2023) Second quarter 2024 results: RM0.09 loss per share (improved from RM0.17 loss in 2Q 2023). Revenue: RM107.5m (up 17% from 2Q 2023). Net loss: RM35.8m (loss narrowed 48% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Jan 18
Sarawak Cable Berhad Announces Resignation of Encik Erman Bin Radin as Non-Independent and Non-Executive Director Sarawak Cable Berhad announced resignation of Encik Erman Bin Radin as non-independent and non-executive director, Due to personal reasons. Date of change is 18 January 2024. Age: 47. Board Change • Jan 06
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Non-Executive Director Takeo Hirata was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 29
Sarawak Cable Berhad Announces the Resignation of Voon Jan Moi as Joint Secretary, Effective 31 December 2023 Sarawak Cable Berhad announced the resignation of Voon Jan Moi as Joint Secretary of the company. Date Of Change: 31 December 2023. Announcement • Dec 15
Sarawak Cable Berhad Announces Cessation of Laksamana Tan Sri Dato Seri Mohd Anwar Bin Haji Mohd Nor as Independent and Non Executive Chairman of Risk Committee Effective December 14, 2023 Sarawak Cable Berhad announced cessation of Laksamana Tan Sri Dato Seri Mohd Anwar Bin Haji Mohd Nor, 73-year-old, male, as Independent and Non Executive Chairman of Risk Committee effective December 14, 2023. Composition of Risk Committee(Name and Directorate of members after change): Datuk Kevin How Kow - Member, Non-Independent Non-Executive Director; and Encik Redzuan bin Rauf - Member, Independent Non-Executive Director. Announcement • Dec 07
Sarawak Cable Berhad Announces the Resignation of Alwizah Al-Yafii Binti Ahmad Kamal as Independent and Non Executive Independent Director Sarawak Cable Berhad announced the resignation of Madam Alwizah Al-Yafii Binti Ahmad Kamal, age 49, female as Independent and Non Executive Independent Director, due to other ongoing commitments, effective December 6, 2023. Announcement • Dec 06
Sarawak Cable Berhad Appoints Takeo Hirata as Non Independent and Non Executive Director Sarawak Cable Berhad announced the appointment of Mr. Takeo Hirata as Non Independent and Non Executive Director. Age:63, gender: Male,Nationality: Japan. Date of change is 6 December 2023. Qualifications: Doctorate in Engineering from University of Tokyo, Masters in Public Administration from John F. Kennedy School of Government, Harvard University, Degree in Business Administration from Yokohoma National University. Working experience: Mr. Takeo Hirata, a Japanese national is a director of Serendib Capital Limited and also currently President, Research Institute for Strategy of Natural Resources, Waseda University and the Japan Society of Sports Industry. Between 1982 and 1989 Mr. Hirata served in various capacities as an officer of the Japanese Ministry of Economy, Trade and Industry. From 1991 to 1994 he served as the First Secretary at the Embassy of Japan in Brazil. He was once engaged in oil resource development in the Middle East, as the director for international petroleum affairs at the Agency for Natural Resources and Energy. Mr. Hirata holds a Bachelor of Business Administration from the Yokohoma National University, Masters in Public Administration, John F Kennedy School of Government, Harvard University and Ph.D in Engineering from the University of Tokyo. Mr. Hirata brings a wealth of experience in management and business turnarounds to the Board, having been involved in several high-profile management recoveries during his career. Announcement • Nov 25
Bilun Borneo Sdn. Bhd acquired Trenergy Infrastructure Sdn. Bhd. from Sarawak Cable Berhad (KLSE:SCABLE). Bilun Borneo Sdn. Bhd acquired Trenergy Infrastructure Sdn. Bhd. from Sarawak Cable Berhad (KLSE:SCABLE) on October 17, 2023. Y.Bhg. General Tan Sri Dato' Sri Hj Affendi bin Hj Buang TUDM will be appointed as chairman of Trenergy Infrastructure Sdn. Bhd.Bilun Borneo Sdn. Bhd completed the acquisition of Trenergy Infrastructure Sdn. Bhd. from Sarawak Cable Berhad (KLSE:SCABLE) on October 17, 2023. Board Change • Oct 10
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Ninam Bin Kadar Shah was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 07
Sarawak Cable Berhad, Annual General Meeting, Nov 21, 2023 Sarawak Cable Berhad, Annual General Meeting, Nov 21, 2023, at 10:00 Singapore Standard Time. Location: Gunung Buda, Level 4 (Tower A), Hock Lee Hotel & Residences, Hock Lee Centre Jalan Datuk Abang Abdul Rahim 93450 Kuching Sarawak Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 May 2023 together with the Reports of the Directors and Auditors thereon; to approve the Directors' fee amounting to RM1,008,333.00 for the financial year ended 31 May 2023; to approve the meeting allowances up to RM106,900.00 for the period from 22 November 2023 until the next annual general meeting of the Company; and to discuss other matters. Reported Earnings • Oct 03
Full year 2023 earnings released: RM0.26 loss per share (vs RM0.13 loss in FY 2022) Full year 2023 results: RM0.26 loss per share (further deteriorated from RM0.13 loss in FY 2022). Revenue: RM547.9m (down 5.3% from FY 2022). Net loss: RM101.8m (loss widened 103% from FY 2022). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Announcement • Aug 23
Sarawak Cable Berhad Announces the Resignation of Tan Kok Hong as the Group Chief Operating Officer Sarawak Cable Berhad announced the Mr. Tan Kok Hong, age-53, gender- male, resigned as the Group Chief Operating Officer effective 22 August 2023, due to personal reason. Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Ninam Bin Kadar Shah was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • Jul 29
New major risk - Negative shareholders equity The company has negative equity. Total equity: -RM58m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Negative equity (-RM58m). Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (RM31.9m market cap, or US$7.01m). Announcement • Jul 15
Sarawak Cable Berhad Appoints Encik Ninam Shah Bin Dato' Kadar Shah as Independent and Non Executive Director Sarawak Cable Berhad appointed ENCIK NINAM SHAH BIN DATO' KADAR SHAH as Independent and Non Executive Director. Age is 38. Date of change is 14 July 2023. Qualification - field is Restaurant and Culinary Management, Le Cordon Bleu - Sydney Culinary Arts Le Cordon Bleu - Sydney Diploma Mass Communications Curtin International College - Perth Film Chapman University - California O-Levels Kolej Tuanku Ja-afar - Negri Sembilan. After his studies in Australia, Encik Ninam Shah Bin Kadar Shah returned to Malaysia, joining Kshah Energy Resources in the capacity of Executive Director in 2011. He was responsible for overseeing daily operations, business development and to diversify the company's core portfolio. He resigned in 2018 to found his own company focusing on the defence industry and has been successful in delivering high profile projects critical to national security as well as business development into other business sectors. Announcement • Dec 03
Sarawak Cable Berhad, Annual General Meeting, Dec 23, 2022 Sarawak Cable Berhad, Annual General Meeting, Dec 23, 2022, at 09:00 Singapore Standard Time. Agenda: To consider and approve the Audited Financial Statements for the financial period from 1 January 2021 to 31 May 2022 together with the Reports of the Directors and Auditors thereon; to approve the Directors' fee amounting to MYR 1,513,004.00 for the financial period from 1 January 2021 to 31 May 2022; to approve the meeting allowances up to MYR 65,700.00 for the period from 24 December 2022 until the next annual general meeting of the Company; to re-elect Datuk Kevin How Kow as a Director of the Company who retires pursuant to Clause 92 of the Company's Constitution; to re-elect Mr. Yek Siew Liong as a Director of the Company who retires pursuant to Clause 92 of the Company's Constitution; to appoint Baker Tilly Monteiro Heng PLT as Auditors of the Company in place of the retiring Auditors Ernst & Young PLT and to hold office until the conclusion of the next Annual General Meeting and the Directors be authorized to fix their remuneration; and to discuss other matters. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Redzuan bin Rauf was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Redzuan bin Rauf was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 27
Sarawak Cable Berhad Appoints L. Joseph Nixon A/L S. Lourdesamy as Principal Officer Sarawak Cable Berhad announced appointment of Mr. L. Joseph Nixon A/L S. Lourdesamy as Principal Officer. Age: 52. Gender: Male. Nationality: Malaysia. Date of change: 26 September 2022. Mr. L. Joseph Nixon a/l S. Lourdesamy was previously the Chief Financial Officer and Operations Head of Scomi Transit Projects Sdn Bhd, a leading local manufacturer of monorail vehicles. Prior to this he was the Chief Financial Officer of Scomi Engineering Berhad. He has more than 29 years of experience in finance, operations and management in various sectors including trading, manufacturing and construction and EPCC Projects. He started his career in an audit firm before moving on to Ranhill Engineers and Constructors in 2005 overseeing Projects Finance teams of various local and overseas projects encompassing highways, hospital, housing and power plants. In 2008 he joined Scomi Group to oversee their Projects Finances and Performance. In 2011 he was appointed as Country Financial Controller for Scomi Brazil, based in Sao Paulo. He returned to Scomi Engineering Berhad to the position of Group Financial Controller in 2013 and subsequently as a Chief Financial Officer in 2017. Announcement • Sep 16
Sarawak Cable Berhad Announces Retirement of Dato' Ahmad Redza Bin Abdullah as Executive Director Sarawak Cable Berhad announced Retirement of DATO' AHMAD REDZA BIN ABDULLAH as Executive Director. Age: 59. Gender: Male. Nationality: Malaysia. Date of change: 31 December 2022. Announcement • Jul 28
Sarawak Cable Berhad Announces the Re-Designation of Datuk Kevin How Kow from Chairman of Risk Committee to Member of Risk Committee Sarawak Cable Berhad announced the Re-designation of Datuk Kevin How Kow from Chairman of Risk Committee to Member of Risk Committee. Date of change is July 27, 2022. Reported Earnings • Mar 01
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: RM0.11 loss per share (down from RM0.079 loss in FY 2020). Revenue: RM582.6m (down 4.1% from FY 2020). Net loss: RM35.7m (loss widened 42% from FY 2020). Revenue missed analyst estimates by 8.9%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 01
Third quarter 2021 earnings: EPS and revenues miss analyst expectations Third quarter 2021 results: RM0.04 loss per share (down from RM0.011 profit in 3Q 2020). Revenue: RM141.3m (down 34% from 3Q 2020). Net loss: RM12.6m (down 466% from profit in 3Q 2020). Revenue missed analyst estimates by 8.9%. Earnings per share (EPS) were also behind analyst expectations. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. 
