VS and ATAIMS up a lot of today! Next would be SKP. Looking forward, the 3 big EMS player in the country.

maybe now is accumulation period, after this will push!

cannot break but it stands above 1.70!

So far standing strongly.

Attempting to break 1.72 again.

haha, must be EPF or KWAP push the price up and now thrown down again!

volume surge suddenly by noon just now!

I don't think so, at the moment since it's new, I think it won't care about its mother at the moment. I can see mother share up a lot, WB up a bit only. I bought at 0.105. Now already 0.21. Good profit!

Low: 0.00 High 0.40

3.00 exercise price.

now i think is uptrend mode based on the chart

Looks like the price movement is following closely to VS

waiting it to boom pass 0.25!

come on SKP! Go up!

SKP Resources posts eight-fold rise in Jan-March profit on strong demand

KUALA LUMPUR (June 3): SKP Resources Bhd saw an eight-fold jump in net profit to RM30.69 million or 2.46 sen per share in the fourth quarter ended March 31, 2021, from RM4.51 million or 0.36 sen per share a year earlier, driven by strong demand from key customers, as well as improvement in operational efficiencies and effective cost control measures.

The electronics manufacturing service (EMS) group said revenue was up by 4.44% to RM444.92 million, from RM426.01 million previously, on lower cost of sales.

In its filing with Bursa Malaysia, the group said the year-ago fourth quarter’s performance was affected by the mandatory closure of business operations that was implemented to curb Covid-19.

For the full financial year ended March 31, 2021 (FY21), SKP Resources' net profit surged 75.4% to RM128.32 million, from RM73.16 million in FY20, while revenue rose 24.98% to RM2.28 billion from RM1.87 billion.

On prospects, the group said it is strategically well positioned in the EMS industry and continues to pursue opportunities to grow its market share from existing customers.

“Notwithstanding the current market conditions, the group continues to receive enquiries from both existing and potential new customers for new projects.

“Prospects remain good and the board is optimistic and expects to achieve profit growth for the financial year ending March 31 2022,” it added.

SKP Resources shares rose four sen or 2.5% to RM1.64 today, giving the group a market capitalisation of RM2.56 billion. The counter saw 1.59 million shares traded.

QoQ drop 30% but YoY soared 336%

today consolidate a bit! It's normal!

could be the son will cost 0.40!

almost there! Can break 0.25 today? Let's hope!

I checked back the QR last year, only end of June only out for Q4.

OTW to 0.25! Slow and steady!

could be today i guess

good closing! Above 0.20, now testing 0.25!

almost all dog shit sampah industry also can operate!

export business can ma, so can open! no matter what industry u suppok

hopefully SKP can operate so that they can still operate!

thanks for the information.

this one from MITI, i taught MITI not involved in this?

no idea, very confusing!

but SKP is factory, that list is for non-kilang

good idea also, avg down! Summore wrong timing SKP if announce annual report next monday

agreed also! Time to sell and buy low!

Market will crash on Monday I think due to the lockdown of economics sector.

T+3 today

stop spamming lah Dreamhunter!

yalah! tomorrow 1.60 above ady!

Heavy buying on SKPRES at 1.58! Good qtr report maybe out today or tomorrow.

i bought at 0.105, lowest it hit! congrats those who profit

yes. up a lot today! Highest is 0.205!

Wow! Profit like no tomorrow! 0.205!

Yes, I think based on the current trend, 0.20 is possible.

hit 0.18 now! Profit!

hope for the best for skp :) ATAIMS and VS is SKP rival, but all have dyson contract.

keep going today!

not really, looks at WB hit 0.14 now, on course to hit 0.15 soon!

WB goreng today! I bought at 0.105 last week.

very active today 200K shares tarded

KUALA LUMPUR: The annual multiple audits on Malaysia's contract manufacturers' (CMs) value chain to ensure adherence of labour laws should not deter the electronic manufacturing sector (EMS).

Affin Hwang Investment Bank Bhd said EMS players (including at the customer level) had shown strong emphasis on staff welfare such as providing a comfortable worker accommodation environment, and bearing foreign labour recruitment fees and levies.

Affin Hwang analyst Tan Jianyuan said EMS players had taken a heavy beating yesterday on speculation that migrant worker rights activist Andy Hall was looking to assess the sector on any potential labour mistreatment issues.

This resulted in the share prices of ATA IMS Bhd, SKP Resources Bhd and VS Industry Bhd reacting negatively, declining by 18 per cent, 13 per cent and 7.0 per cent respectively.

"From our multiple channel checks, we gather this has indeed happened but with the issue targeting the 'main customer level' rather than the CM," he said in a research note today.

One of the CMs was approached by Hall but had subsequently diverted this issue to its customer, according to Affin Hwang's internal sources.

It added that the the current underlying concerns would lie in the possibility of a repeat of Top Glove's detention orders by the United States (US) Customs and Border Protection (CBP).

"All the CMs nevertheless were unable to guide on their revenue exposure to the US.

"However, we believe the 'main customer' being established in the United Kingdom (UK) is likely to have adopted and adhered to stringent labour laws," he said.

Affin Hwang has maintained an overweight call on the sector with a lower our target price earnings ratio (PER) multiples on both VS and ATA to 18 times from 26 times, and MTAG Group Bhd to 14 times from 17 times.

This was given the short-term overhang until better clarification from companies and with the fragile market sentiment.

Key risks to the call include full country wide lock down affecting production and earnings and worsening global economic environment leading to slow er recovery and weaker demand for consumer appliances.

"We lower our target price on VS to RM1.64 (post bonus issue), ATA to RM3.06 and MTAG to RM0.99.

"We continue to like the EMS sector as we believe there is no change in fundamentals."

Tan said the escalation in the trade war would continue to see multinational corporations shifting their operations out of China, benefiting local EMS players.

"More importantly, we remain positive on the longer-term demand trend for consumer appliances due to higher expectations towards a better quality of living."

Affin Hwang said yesterday's sell-down, combined with the bad market sentiment as a good opportunity to bargain-hunt on these bashed down stocks.

"Sector EPS is still poised to grow at 22 per cent in 2022 driven by secured pipeline, coupled with long-term positive product demand prospects."

However, it has lowered the sector PER multiple, reflecting the looming uncertainty.

Let's hope no lockdown, or else all stock will be in deep trouble

most likely based on the big meeting tomorrow!