Short Position - Cahya Mata, 5G contracts, containment struggles

TheStar Sat, Jul 10, 2021 07:50am - 2 years View Original


Cahya Mata Sulaiman Abdul Rahman Abdul Taib

What’s next for Cahya Mata?

THE return of Datuk Seri Sulaiman Abdul Rahman Taib (pic) to the helm of Cahya Mata Sarawak Bhd (CMS) after more than a decade comes at a time the stock is facing waning investor interest.

Among Sarawak-listed stocks, CMS was a sought after stock given its monopolies and forays in many segments from the manufacturing and trading of cement and construction materials, construction, road maintenance, township and property to infrastructure development in that state.

However, ongoing corporate governance issues have seen investors shying away from the stock.

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