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2.02   -0.02 (0.98%)  1.99 - 2.08  12,394,500
9,023 comment(s). Last comment by Ivan89 at Dec 1, 2020 8:54 PM
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Kang Yao
121 posts

Posted by Kang Yao > Nov 20, 2020 9:26 AM | Report Abuse

TP 2.80 for 2021
* assuming current revenue is maintained and new contract negotiation with Dyson should be on the desk.
* operation margin maintained
* production capacity increased

294 posts

Posted by nightfly > Nov 20, 2020 9:32 AM | Report Abuse

Analysts: Soong Wei Siang

♦️ *Result Review* - 2QFY21 reported all time high net profit of MYR44.1m, +76.9% YoY, on higher sales order, absence of start-up costs and turnaround of PCBA division. We forecast overhelming 65.0% earnings jump in FY21F as WFH trend will drive demand of its key customer’s products. We raise FY21-23F earnings by 5-11%. Maintain *BUY with higher TP of MYR2.28, 18x FY22 P/E.*

♦️ *Link to the report:*


36 posts

Posted by jerebubu > Nov 20, 2020 10:10 AM | Report Abuse

pretty bright future ahead.
2 dyson projects to be launch after CNY next year plus future new project PCBA will be cover by SKP, no need to source from VS or ATA.

2120 posts

Posted by investortrader88 > Nov 20, 2020 10:25 AM | Report Abuse

already break RM 2 !

2120 posts

Posted by investortrader88 > Nov 20, 2020 10:25 AM | Report Abuse

good qr !

1686 posts

Posted by goreng_kaki > Nov 20, 2020 3:06 PM | Report Abuse

sell down, gone case bye bye

124 posts

Posted by soonheng > Nov 20, 2020 5:32 PM | Report Abuse

Automated Manufacturing Services

411 posts

Posted by wehcant > Nov 20, 2020 5:34 PM | Report Abuse

acquired 200,000 shares

124 posts

Posted by soonheng > Nov 20, 2020 5:36 PM | Report Abuse

As a one-stop plastics solutions provider, SKP also specialises in contract manufacturing and component assembly, providing customers with fully integrated, turnkey box-building services. Using state-of-the-art production facilities, right process design, stringent quality control, experiences technical and production personnel, and a large team of trained assemblers, we can turn your plastics components into finished products right on our production floor. strong supply chain management has given us the competitive edge as a full-service supplier to our clients who increasingly rely on us to manage their supply and logistics chain. SKP relies on our ef ficient supply chain management from material and component sourcing all the way to assembly, storage, and even international shipment of the finished product – giving our customers the added assurance of cost efficiencies, end-to-end delivery, and quality control from fabrication to end-user delivery.

124 posts

Posted by soonheng > Nov 20, 2020 5:36 PM | Report Abuse


124 posts

Posted by soonheng > Nov 20, 2020 5:36 PM | Report Abuse

Public Islamic Opportunities Fund Acquired SKPRES 18,470,700 shares

124 posts

Posted by soonheng > Nov 20, 2020 5:37 PM | Report Abuse

Kenanga Growth Fund Acquired SKPRES 8,852,300 shares

124 posts

Posted by soonheng > Nov 20, 2020 5:37 PM | Report Abuse

Norges Bank Acquired SKPRES 21,348,100 shares

65 posts

Posted by farid > Nov 20, 2020 11:37 PM | Report Abuse

SKP Resources upgraded on strong order flow .Analysts have upgraded SKP Resources Bhd to reflect its strong order flow outlook and potential further margin expansion from higher contribution of its printed circuit board assembly (PCBA) operations.
CGS-CIMB's analyst Syazwan Aiman Sobri said in a note dated Nov 19 that SKP's 1HFY21 core net profit of RM54.1 million came in at 45% of his full-year forecasts.
The key reason was stronger-than-expected revenue recovery post-1QFY21, and better-than-expected earnings before interest, taxes, depreciation and amortisation margins due to better economies of scale.
"On the back of a strong quarter-on-quarter net profit recovery in 2QFY21, we expect order momentum to continue, leading to a strong 2HFY21.
Despite ongoing concerns over the Covid-19 outbreak, he gathered that order flows from its key customers remain robust and should underpin a stronger 2HFY21.
"We think margins are likely to remain strong going into 2HFY21, underpinned by better economies of scale from stronger sales volumes, and margin expansion from increasing contribution from its PCBA operations, both of which were already seen in 2QFY21.
He also raised his FY21 to FY23 earnings per share by 6.9% to 8.9% mainly to account for better order traction.
"As we turn more positive on SKP's prospects, we upgrade our call on the stock to an add (from hold), with our end-2021 target price (TP) now at RM2.35 (from RM1.60).

65 posts

Posted by farid > Nov 20, 2020 11:37 PM | Report Abuse

UOB-Kay Hian's analyst Desmond Chong also increased his FY21 to FY22 net profit forecasts for SKP by 5% and 18% respectively to account for additional contract wins from its key customers and margin improvement on better operational efficiency.
"SKP reported record-high revenue and profit in 2QFY21 on strong orders ramp-up from its key customers. We expect sales momentum to continue in 3QFY21, driven by festive demand and full-quarter contributions from new products.
He has upgraded SKP to buy and lifted its TP to RM2.26, from RM1.46.
"SKP is trading at a 17% discount to peers' FY22 average PE amid expected two-year net profit compound annual growth rate of 44%.
SKP yesterday announced that its net profit for the second quarter ended Sept 30, 2020 (2QFY21) surged 76.9% to RM44.07 million, from RM24.91 million a year ago.
Its revenue for 2QFY21 jumped 49.18% to RM726.31 million, from RM486.86 million.
The group said it delivered a sterling performance and posted its highest-ever quarterly revenue of RM726.3 million with profit before tax of RM57.8 million due to strong demand from existing key customers.
For the half year ended Sept 30, 2020, the group's net profit climbed 24.67% to RM54.1 million, from RM43.4 million a year earlier.
Its revenue for the half-year period also rose 32.43% to RM1.12 billion, from RM849.4 million.
The group said its prospects remain good and the board is optimistic and expects to achieve profit growth for the financial year ending March 31, 2021.

Warrant Buffet
26 posts

Posted by Warrant Buffet > Nov 22, 2020 6:30 PM | Report Abuse


201 posts

Posted by nakata > Nov 23, 2020 9:48 AM | Report Abuse

@soonheng , hi SoonHeng, is there any site to know investors are buying and selling the shares? like what you are sharing on Public Islamic Opportunities Fund, Kenanga Growth Fund and etc ?

124 posts

Posted by soonheng > Nov 23, 2020 10:37 AM | Report Abuse

Employees Provident Fund Board Acquired SKPRES 20,712,100 shares

305 posts

Posted by Booyeah > Nov 24, 2020 7:18 PM | Report Abuse


411 posts

Posted by wehcant > Nov 25, 2020 10:52 AM | Report Abuse

Superb QR also no use. No momentum at all.

Kang Yao
121 posts

Posted by Kang Yao > Dec 1, 2020 6:54 AM | Report Abuse

If you want momentum you keep buying. Kekeke

2 posts

Posted by vol123 > Dec 1, 2020 6:37 PM | Report Abuse

KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) acquired 128,900 shares on 30-Nov-2020.

KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) acquired 556,000 shares on 27-Nov-2020.


1440 posts

Posted by Ivan89 > Dec 1, 2020 8:54 PM | Report Abuse

good counter

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