DATE : 21/08/2017
STOCK : SKPRES (7155)
PRICE : RM1.45
OUR TP'S : RM1.60
WARRANT : SKPRES-CE (0.23)
Market Cap: 1812 M.
Number of Shares: 1250 M.
-. Kim has called again on friday 18/8 in the morning session at RM1.45 and gave his 2nd Tp's RM1.60. Trying to clear 1.48 and close unchanged at RM1.45. Expectation will be continue more volumes in next 1-2 weeks time. We forsees the good move still on progress. Staytune for the next.
-. SKPRES : Among the major Electronic Manufacturing Services (EMS) players in Malaysia, SKP has been trading as a laggard with two-year forward price-earnings ratio (PER) (consensus) of only 10.4 times as opposed to other EMS players trading at two-year forward PER (consensus) of 12 times to 13 times with PCBA capability.
-. SKPRES : Sourcing the PCB parts from the other suppliers. To further improve its profitability as well as its capability as a complete integrated “one-stop” electronic manufacturing services (EMS) service provider.
-. SKPRES : On April 2017 announced its long-term strategic plans to expand into PCBA and other EMS-related services.
-. SKPRES : Planning a final single-tier dividend of 4.15 sen per share for its financial year ended March 31, 2017 (FY17).This is up 18.6% from the 3.5 sen apiece it paid out for FY16.
-. SKPRES : Electrical and electronics plastics manufacturer, posted a 28% jump in its net profit for FY17, at RM104.51 million from RM81.55 million a year ago, as revenue grew 91% to RM1.94 billion from RM1.02 billion. The improved results boost its earnings per share to 8.93 sen in FY17 from 7.47 sen in FY16.
-. Expecting good QTR result will be out soon.
Regards,
Ms Kana
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