PETALING JAYA: To capture growing demand for cables, Southern Cable Group Bhd
(SCG) has added 3,000km of new capacity year-to-date and plans to add another 2,000km by the second half of 2025 (2H25).
In a note to clients, Apex Securities said the manufacturer of cables and wires posted a record-high core net profit of RM72.3mil in the financial year 2024 (FY24) driven by strong MV and HV cable demand from rapid substation development for solar farms, data centres and fast-tracked projects under Tenaga Nasional Bhd’s (TNB) Green Lane Pathway.
