giftThe labour issue has been resolved with 1,000 new workers coming in batches from Sept 2016. Currently, almost 400 new foreign workers have arrived, with an agency providing the hostel management services. These new foreign workers will be given on-the-job training. Once the new foreign workers are familiarised with their workspace, the higher-cost contract workers will be discontinued. To-date, half of the 600 higher-cost contract workers have been discontinued, with the remaining half to be let go by end of Oct 2016. With the labour issues being resolved recently, we see more certainty for the group’s mid-term prospects arising from the accretion of sizeable contracts.
k6iiDyson benefit EG also... VS also make for Dyson?
soohau78man power fully resolved? How come only SKP face this issue and not VS/EG...?
Matthew Law Thong Shengvs and eg got new factory? Skpress new factory just build up thats why skp facing that problem...now skp production is launching smooth...but i think this quarter report is soso only since the research had mention due to the delay of workers
micsohprofit margin lower is due to high cost of labour, but it was one times fees only, just imagine next quater profit will be, and when it clinch another contract, i think mother share can goto rm2. warrant will be 2-0.65=1.35, my buying price is 0.54.
soohau78happy with the Rev growth, it means no market share loss. Net profit growth will follow suit since labour issue settled. Can't wait to see next quarter result.
Tan Toh FeiPL healthy, BL not so good due to cash lower than debts ... probably will move sideways at the moment ...
giftThe price of SKPRES likes dead fish. Good quarter result will not push up the price. New contract is needed.
bsngpg"Quiet dog bites you die". Normally this kind of quiet company with good profit gives great return in long term. Patient is needed just as quoted by Len Yan sifu that sweet potato grows quite underneath.
YipmanLol... Agreed. bite u deep deep then you only know how powerful SKPRES is. It's a GEM. Don't miss it. Next QR will be excellen!
giftLooking for better result next quarter since the labour shortage has been solved.
micsohIf at this moment can clinch one contract, will be rocket high, everybody will be big huat ah.