OMH 0.00% 34.5¢ om holdings limited

found this in a report on CMS from june 19 Final furnace at OMS...

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    found this in a report on CMS from june 19
    Final furnace at OMS already fired.
    We gathered the 16th furnace at OMS is already operational and expected to contribute positively to CMS earnings in 2018. To recap, in 1Q18 when 15 furnaces were operational, CMS registered a net profit of over RM20m for its 25%-owned OM Holdings. We expect OMS to continue reporting strong earnings in 2Q18 as ASP remains sustainable at US$1,400/tonne. Management also hinted that they may embark on expansion plan (Phase 2) at Samalaju Industrial Park once they secure longterm contracts for electricity supply. We think that the expansion will take some time as energy source is still a concern for majority of the energy-intensive plants in Samalaju Industrial Park. The next source of source of energy will come from Baleh Dam, which is expected to be fully operational by 2025.
 
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