KIng87, just as we thought expansion plans now being planned. The fact that "is already looking at alternative sources of supply for its premix raw materials" means that OMH is planning the quartzite/silica mine and plans to produce silicon metal.
OMH is a growth company and the low cost power will make OMH a powerhouse in the alloy manufacturing.
"Om Materials (Sarawak) Sdn Bhd (OMS) has begun to look at Phase 2 for expansion."
Cahya Mata Sarawak Bhd
(Aug 30, RM3.43)
Maintain buy with an unchanged target price of RM4.10: With 16 furnaces operating at full capacity, Om Materials (Sarawak) Sdn Bhd (OMS) has begun to look at Phase 2 for expansion. Cahya Mata Sarawak Bhd (CMS) also has reiterated that it is already looking at alternative sources of supply for its premix raw materials. Growth estimates for financial year 2018 (FY18) remain intact, supported by OMS.
The 16th furnace had been fired up as of June 1, 2018, bringing to OMS a total of 10 furnaces producing ferrosilicon and the remaining six producing manganese alloy. With production at the plant running at full capacity, OMS has begun relooking at Phase 2 of the plant, which was temporarily put on hold in view of weak ferrosilicon prices in early 2016. Phase 2’s plans were originally supposed to involve a 565,000-tonne per annum manganese ferroalloy and sintered manganese ore plant costing an estimated US$150 milion (RM616.5 million). We believe new arrangements could be made and expect to hear further details in the quarters to come.
"We believe the shortfall in the construction material segment would be more than offset by a stronger contribution from OMS."
"Potential earnings wild cards in the mid to long term include: i) Phase 2 of its OMS plant"
http://www.theedgemarkets.com/article/cms-2h-profit-seen-supported-construction-road-maintenance
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KIng87, just as we thought expansion plans now being planned....
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Last
34.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $275.8M |
Open | High | Low | Value | Volume |
33.5¢ | 34.5¢ | 33.5¢ | $2.017K | 6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 33.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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35.0¢ | 11000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 85345 | 1.230 |
2 | 25807 | 1.220 |
4 | 66000 | 1.200 |
1 | 7336 | 1.180 |
1 | 10000 | 1.175 |
Price($) | Vol. | No. |
---|---|---|
1.235 | 601 | 1 |
1.240 | 10000 | 1 |
1.250 | 15000 | 2 |
1.270 | 63336 | 1 |
1.300 | 50000 | 1 |
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OMH (ASX) Chart |