I note that Cahya Mata Sarawak Berhad (CMSB) has been listed as reporting its first Quarter Financials on the 15th May 2018.
This will give us a good indication of how OM Sarawak is performing.
Many reporters are expecting a robust performance from OM Sarawak
'We believe that CMSB continues to be the best proxy for Sarawak's economic growth. With its healthy balance sheet, the Group is well positioned to benefit in all key growth areas in the State: through OM Materials (Sarawak) Sdn Bhd in the Sarawak Corridor for Renewable Energy (SCORE) initiative."
"OM Materials (Sarawak) Sdn Bhd's improved performance, which is expected to be sustained if ferrosilicon and manganese alloy prices and production outputs are maintained at their current levels."
Well production was higher and sales were higher.
I'm expecting a OM Sarawak result for CMSB of around 40 million RM , OMH share would be AUD$40.5 million.
Possibly higher as 2018 March quarter production was up on all alloys from the Dec Qtr 2017 , and sales were up 13.5% for FeSi and 11% for manganese alloys.
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- Ann: 31 March 2018 Quarterly Update
Ann: 31 March 2018 Quarterly Update, page-55
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