Highlights
KLSE: SKPRES (7155)       SKP RESOURCES BHD Main : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.44   0.00 (0.00%)  1.44 - 1.47  5,882,000
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Overview

Market Cap: 1,800 Million
NOSH: 1,250 Million
Avg Volume (4 weeks):3,661,845
4 Weeks Range:1.31 - 1.47
4 Weeks Price Volatility (%):
81.25%
52 Weeks Range:1.15 - 1.47
52 Weeks Price Volatility (%):
90.62%
Average Price Target: 1.55
Price Target Upside/Downside: +0.11

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2017[#4]  |  29-May-2017
Next QR | Est. Ann. Date: 30-Jun-2017  |  29-Aug-2017
T4Q P/E | EY: 17.23  |  5.81%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.3622  |  3.98
T4Q NP Margin | ROE: 5.38%  |  23.08%

Market Buzz

Date Type Subject
16-Aug-2017 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 600,300 shares on 11-Aug-2017.
16-Aug-2017 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 37,500 shares on 11-Aug-2017.
16-Aug-2017 Insider KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) acquired 62,600 shares on 14-Aug-2017.
15-Aug-2017 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 514,900 shares on 10-Aug-2017.
15-Aug-2017 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 498,400 shares on 10-Aug-2017.
14-Aug-2017 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 509,200 shares on 09-Aug-2017.
14-Aug-2017 Insider KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) acquired 325,100 shares on 11-Aug-2017.
11-Aug-2017 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 750,000 shares on 08-Aug-2017.
11-Aug-2017 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 50,000 shares on 08-Aug-2017.
11-Aug-2017 Insider KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) acquired 358,100 shares on 10-Aug-2017.
16-Aug-2017 Forum 2 New Comments

Headlines

Date Subject
03-Aug-2017 Traders' Corner - SKP Resources (SKP MK)
30-Jul-2017 星光资源盈利可望改善
24-Jul-2017 Mplus Market Pulse - 24 Jul 2017
20-Jul-2017 SKP - Staging for a Stronger Come Back
04-Jul-2017 拓印刷电路板业务.星光资源赚幅改善
30-May-2017 SKP Resources - Within Expectations
15-May-2017 M+ Online Technical Focus - 15 May 2017
15-May-2017 Daily Market Update - 15 May 2017 (GCB, SKPRES)
28-Apr-2017 Daily Market Update - 28 Apr 2017 (SKPRES, XINHWA)
15-Mar-2017 薄利多销抵销低赚益.星光资源利好尽出
15-Mar-2017 SKP Resources - A Fine Balance
01-Mar-2017 SKP RESOURCES - Cost mitigation is key
01-Mar-2017 SKP Resources - ECP Lines Ramping Up
01-Mar-2017 SKP Resources - Missed Expectations
01-Mar-2017 SKP - Normal Order Restored
31-Jan-2017 Technical Buy: SKPRES (7155)
24-Jan-2017 业绩逊退.星光资源订单增.赚幅改善
24-Jan-2017 Daily technical highlights - (COCOLND ,SKPRES)
29-Nov-2016 SKP RESOURCES - Building momentum
29-Nov-2016 SKPRES - Things to Start Picking Up From Here

Business Background

SKP Resources Bhd (SKP) is engaged in investment holding and provision of management services to the subsidiaries. SKP is principally involved in manufacturing of plastic products which is carried out in Malaysia. The Company's subsidiaries include Syarikat Sin Kwang Plastic Industries Sdn. Bhd., Goodhart Land Sdn. Bhd., Goodhart Ind. Sdn. Bhd., S.P.I. Plastic Industries (M) Sdn. Bhd., Sun Sparkle Sdn. Bhd. and Tan Brothers Business Machines (Segamat) Sdn. Bhd.
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  25 people like this.
 
wakarimas report come out when ?
30/06/2017 00:09
anson8222 @wakarimas, qtr rpt came out end of August.
30/06/2017 16:36
wakarimas thanks. hope great result and dividend. if got bonus share lagi best
04/07/2017 19:27
micsoh The premium account amount had been transfer to capital account already, how it to declare bonus issue?
05/07/2017 09:00
Ng Vincent dividen will annaouce on September, however, I think it wouldn't give away any bonus issue, the share issue too much already , if give away bonus issue , it will dilute the EPS and make the PE going higher, there will be another exception cases if skp have huge earning on business , then will declare the bonus...
14/07/2017 13:58
Ng Vincent but im looking good on it's future prospect, PCBA is way moving forward for vertical intergrated sector, it will make a lot on cost saving and bring in more extra earning to company
15/07/2017 11:30
YTChoong http://www.klsescreener.com/v2/news/view/251877
Nanyang press recommended BUY.
recieved big New order on electronic products.
15/07/2017 15:27
YTChoong Forecast for double digit profit in year 2018.
15/07/2017 15:29
YTChoong Collect before it's price going up!
15/07/2017 15:31
YTChoong SKPRES' s trend very similar to VS end of last year
16/07/2017 13:12
micsoh Today volumn so big, hope coming few day rocket.
18/07/2017 21:42
YTChoong BUY CALL.. GO GO GO!!!
18/07/2017 22:05
onecall Come liao
20/07/2017 16:06
wakarimas slowly increase!! good job
20/07/2017 16:18
micsoh I think this time it's gonna climb up.
20/07/2017 22:01
YTChoong We came away from a recent plant visit feeling more POSITIVE on SKPRES’ medium-term prospect. Several strategic measures have been initiated to strengthen the group’s manufacturing capabilities which could drive revenue growth momentum further with enhanced profitability. Although we have yet to account for the positives, the riskreward ratio is appealing at this level, even with our conservative forecasts. Upgrade to OUTPERFORM with a higher roll-over TP of RM1.60.

Staging for a stronger come back. Recall that SKPRES has been struck by a series of unfortunate events in FY17, i.e. short-term cost pressures resulting from the hiring of higher-cost contract workers as a result of policy changes as well teething issue of new products ramp-up. While all these unforeseen events have reset the group’s profitability to a new low in 9M17 (at c.5%), the group managed to strike back with a swift improvement with the last quarterly results coming in well within our, and the consensus, forecasts, alongside margin improvement (at 5.6%). With the labour issues being resolved coupled with better operational efficiency, we believe the group’s profitability could get back to the >6% mark.

Orders remain resilient; with potential margin enhancement coming from vertical integration. We gather that orders for its main revenue drivers- the box-built products which will contribute at least RM1.7bRM2.0b in FY18-FY19, are still intact. While top-line growth remains decent with a 2-year revenue CAGR of 16% (mainly from the base case assumption of the total announced RM1.1b contracts), we believe the key potential catalyst in the medium term is potentially better profitability (beyond the current level) which could be reaped from its new PCBA services. Note that currently, the group is sourcing the PCB parts from the other suppliers. To further improve its profitability as well as its capability as a complete integrated ‘one-stop’ EMS service provider, the group had on April 2017 announced its long-term strategic plans to expand into PCBA and other EMS related services. During our recent visit, we were delighted to gather that the PBCA set-up will be up and running in 4QCY17, which will utilise 25% space in its new plant. While we have yet to account the margins accretion from the PCBA services given the scarcity of details, we see potential margins improvement from our current conservative CNP margin assumption of 5.6%-5.7%, judging from the trend of other EMS players with in-house PCBA capability. On top of the margins accretion, it is also noteworthy that with more complete integrated one-stop EMS services, this will enhance the group’s possibility of winning more contracts from major customers.

Trading at laggard even with better manufacturing capability now. Among the major EMS players in Malaysia, SKPRES has been trading as a laggard with 2-year forward PER (consensus) of only 10.4x as opposed to other EMS players trading at 2-year forward PER (consensus) of 12-13x with PCBA capability. Even at our very conservative FY19E earnings which is 8% below the consensus (with only 2-year NP CAGR of 19% with CNP margin assumption of 5.7%), it is only trading at 11.1x which is still lagging compared to its peers. We reckon that the premium for its peers stems from the more complete manufacturing capabilities. Now, with the group’s in-house PCBA capability coming in place coupled with the resolution of previous problems, we see better risk-reward ratio from here.

Upgrade to OUTPERFORM with a higher TP of RM1.60.While we made no changes to our FY18E/FY19E earnings, we roll over our valuation base year to FY19E. All in, with an unchanged PER of 13.5x (which is the average 3-year forward PER) being ascribed to FY19E EPS, our TP is increased from RM1.40 to RM1.60. Upgrade to OUTPERFORM. Risks to our call include: (i) lower-than-expected orders from its customers, (ii) higher input costs, and (iii) single customer concentration risk.

Source: Kenanga Research - 20 Jul 2017
21/07/2017 08:50
riznet got future if buy this counter...? please advise..?
21/07/2017 09:17
Ng Vincent these few days start collecting ,today volume also ok, just need some good good news to push, need time for a wait!
21/07/2017 17:22
tales029 星光资源拟2017财年派息4.15仙
22/07/2017 00:48
RocketRider EPF just disposed 795k shares, good or bad sign?
22/07/2017 10:15
Yipman Stores has no new orders or contract no doubt the existing contract can hold for next 3 years.
22/07/2017 10:40
Yipman may be this is the reason fund manager dispose and look for better opportunity.
22/07/2017 10:42
Jilohhuat Kenanga research upgrade tp to $1.60 ! Huat ah!
22/07/2017 11:20
VenFx EMS sector is curving up , rooms are ample for growth.
Skpres & Vsi shall continue heading up.
EG & Denko definitely worth your attention from their growth capex spending...
Will bring fruity return.
22/07/2017 11:37
enigmatic http://www.theedgemarkets.com/article/skp-resources-plans-415-sen-dividend-fy17
22/07/2017 17:16
YTChoong The net profit chart of SKPRES is look like going up stairs. keep going up and up!
22/07/2017 19:45
YTChoong The management also announced that coming financial year also has double digit profit. whoa!! it's not double digit growth, it's double digit PROFIT!!
22/07/2017 19:47
bsngpg Shit!!! BOD steals the 50% payout dividend policy again which was announced on 29 Feb 2012 and reiterated in Nov 2015.
Whole year eps 8.91 cents x 50% , dividend for the year should be 4.45 cents instead of 4.15 cents. BOD broke their own words each year except FY14.
28/07/2017 22:19
onecall Today break 1.35
31/07/2017 11:56
fattycat dont be angry bsngpg :)
maybe u can point out during agm
but i think the dividend is quite nice and not all comp in bursa will share their profit wif small shareholders like us
31/07/2017 16:26
bsngpg In fact div payout of SKPRes ranks at the top of Bursa as it paid out 49%, 51%, 42%, 47% and 47% for the last 5 years. This is the main reason pulling me into SKPres. I always hope to see 50+3% instead 50-3%.
31/07/2017 16:56
bsngpg wow ! closed at 1.38. Hardly see 1.38 in months. Hopefully it has nothing to do with the hype of the newly released AR17. Hopefully the momentum rolls on to catch up with peers.
31/07/2017 17:03
wakarimas yes yes yes up!
31/07/2017 20:12
mamatede kudos for long term holder.. been long enough stagnating.
31/07/2017 21:44
fattycat yeah~~touch 1.41 today
02/08/2017 10:47
ignasio looking good but always stumbled at 1.4+-
02/08/2017 13:47
onecall gogogo
03/08/2017 09:31
Babihutanding Faster 1.48 i ean unload some
03/08/2017 10:27
wakarimas wahahaha, go go go push to 1.50
03/08/2017 11:55
bsngpg Should not be difficult to reach 1.50.
Question is when can it reach 1.70 - 1.80 for me to sell ?
03/08/2017 12:30
wakarimas dont sell lah. Good counter deserve to hold.
03/08/2017 15:17
wakarimas oh, waiting for bonus share
03/08/2017 15:19
Babihutanding Haha. Hold too long d
03/08/2017 16:03
onecall Why dropped? Hmm....
06/08/2017 17:23
anson8222 @onecall, are u the first time join this boat? Just wait for it.
06/08/2017 19:44
Babiyou8 this stock sleep too long d..
08/08/2017 10:22
jamesyfl tp 1.50 :)
10/08/2017 03:32
asrizabidi https://t.me/sahamteknikmath (Channel Telegram Pembelajaran Analisis Saham)
14/08/2017 06:40
onecall Come liao
16/08/2017 15:15
micsoh Result should be good.
16/08/2017 20:08


 

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