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It resembles the next KGB, showing a similar trend. Its annual profits are expected to reach new highs, and I anticipate consistent growth in quarterly profits over the next two to three years.
SCGBHD is one of only three companies in Malaysia authorized to supply high voltage cables (up to 132 kilovolts) to TNB. This makes them a key player in the country's power infrastructure development. They also supply cables to Telekom, Sabah Electricity and Petronas.
Now you know why I have high hope in this counter..
Earnings growth in financial year 2026 (FY26) will be driven by the launch of its 1,600 square millimetre 132kV cable and stronger sales in the United States market.
"Southern Cable is a top-three supplier to its key US customer, which is currently requesting up to 100 containers per month. This indicates meaningful headroom for growth once Lot 22 is commissioned in FY26," it said.
HLIB noted that the group is also in the process of obtaining Underwriters Laboratories (UL) certification..
for three additional cable types, on top of its two existing UL-approved products. These new cables carry higher margins and are expected to further lift profitability.
The research house also expects demand from the solar sector to strengthen as Large Scale Solar 5 (LSS5) and LSS5+ projects move into the engineering, procurement, construction and commissioning phase in FY26.