haha. yes,i bought at quite high price months before.

what u mean by bot?

Thanks sephiroth for your value opinion.

sephiroth,how do you look at this company in term of its future prospect?

today lowest 0.295, need some advice, how comes such a good fundamental stock will incur such a sharp fall today? those political related counter surge somemore? Election seems to be coming real.

while in cyber world, the clash started so vigorously
http://nasilemaktech.com/2013/03/04/pointless-cyberwar-between-philippines-and-malaysia/

gnihckes430@hotmail.com. Thanks for your kindness

SKPR is impressive with its good FCF,Div Yield,consistent growth on revenue and net profit, Net Cash position and etc. Good fundamental counter and the share price should move up over time if they can keep their profit growing consistently in future. Even if you value its fair price, its intrinsic value is far higher than the price now. Kcchongnz has a good explanation on this.

this counter is good, any dip from share price is an opportunity. But somehow it depends on your strategies. If you trade according to chart you might need to monitor closely. But if u see the value, MAYBE its better to keep, good dividend yield tho.. OR maybe DATO knew something we dont know..

haha. things get funny when boring..

Thanks tommy for your link, here is another link with more details.
http://english.cpiasia.net/index.php?option=com_content&view=article&id=2483&catid=219&Itemid=189

Thanks Shane for your blog which it really broaden my knowledge, could you further explain on your assumptions of why "the actual price of consumer products subsidized is not as high as the what the data indicates"

Thanks KC for your explanation. But the reduction of subsidies gradually will make more people suffer enough especially for those fresh grad who just stepped into the society and try to live independently. The income/salary for fresh grad is way too low.

Hi KC, what do you think about the removal of subsidies completely? Could it be happen?

Come on, Kcchong is just sharing, so what if hes holding the stock?Ppl you seriously think sharing all these is easy? So what if its from internet or bookstore? Its knowledge too! People like me maybe dont know and found that its really beneficial. Who else here sincerely willing to share their own analysis? I believe not everyone know exactly what kcchong has shared, and i dont remember who had claimed himself as SIFU over here.

quite impressive on what wolverine said. so knowledgeable

thumbs up for Kcchong, i love how you explain about sustainable growth rate! thanks =)

Hi invbeginner, is HLE 0.1% charges is for cash upfront account? Is the charge of 0.1% is on contract basic or order basic?

Alright. need some time coz the coming weekend might not be free. Will share after that.

Wellcal

Net Cash
Debt Free
High ROE
High Div Yield
Positive operation cash flow with free cash flow
Decent Profit Margin

Preliminary check on its financial is good. Anyone free to comment on this counters? Thanks

Hi Alex, how is the platform for Maybank? Do they service good?

Iafx i bring no offence to you but i can prove to you that Kcchong did made his own research and analysis on Pintaras. This is a fact which i can even prove to you! Regarding to your so called "hard sell the counter", please be remind that this forum is mainly for stock discussing, everyone is discussing and sharing on purpose. No doubt there will be some "hard sell" sometimes, but i dont see any problem as Pintaras is a fundamentally sound counter, a matter of fact. Again, no offence,cheers

I am new here too. Happy New Year :p

Thanks KC for your advice. I believe in what Mr.Ooi said, use FA and TA to trade, even if i cant make money, i cant be losing much too! Thanks guys

Yea i have the same query as aryan, someone mind to share? thanks!

I have started my investment with small capital whereas i have -4% of losses. I punt on few counters according to TA chart which number of lose is more than wins. Those left in my portfolio is having a small percentage of unrealized gain which is fundamentally sound. Would really like to learn from you guys to at least hit 10% gain on next year hehe

Happy new year to you all. Thanks for all the sharing! appreciated!

Hi Lawrence, why do you think that "wb will likely reflect the fair value after maybe 2nd to 3rd batches of exercise of wb" ? So now the Wct share price is not stable due to the sell down of those people who exercise WB at 1.85 right?

Hi vincent,how do you get your TP of Rm0.45? derived from?

As usual very informative and crystal clear. Thanks KC

WHY SKP resource?

Well, as we all know efficiency is what its all about in the industrial sector! Innovation in term of product in industrial might not be that crucial. Example: 1)If one company manages to produce a longer durability and better quality product, the replacement cycle for customer become longer, which deteriorate the company sales! 2) Since as one company comes out with a better innovated products, it easily get copied!(However in SKP case, skpres is the solely listed counter which involved in supplying high end plastic components products for electrical manufacturers according to Shrekk)

So, what is the most concern part in term of efficiency?!
1)Cost efficiency
Most industrial firm have high operating leverage, they incurred to fixed cost regardless of volume and sales level. As sales increased, economic of scale kicks in and average cost will be drag down, profit margin increase. But please take note that operating leverage cuts both way! So let take a glance of SKP cost efficiency.
2008 2009 2010 2011 2012
10.78% 14.25% 11.14% 9.07% 6.35% (operating expenses/sales in %)
12.02% 3.04% 9.27% 12.42% 11.97% (operating margin)

2)Efficiency in asset utilization.
2008 2009 2010 2011 2012
1.115753482 1.096517706 1.103814443 1.217586583 1.574890378 (Sales/Total Assets)
Meaning to say that, in year 2012, for every 1 dollar invested in assets, the company able to make 1 dollar in sales!
As industrial firm is more focus on tangible asset, which refer to property,plant and equipments,so now lets see about the sales/net fixed assets.
2008 2009 2010 2011 2012
2.324652886 2.358843859 2.84291939 3.445078957 6.091720755

3)Efficiency in working capital
2008 2009 2010 2011 2012
71 70 86 67 86 (trade receivable cycle,days)
37 30 28 32 24 (inventory cycle,days)

Yes, trade receivable cycle is increasing, but kcchong has a good explanation on it.

"Posted by kcchongnz > Dec 28, 2012 07:07 AM | Report Abuse

Yeah, sudden surge in receivables can be a great concern. One should pay attention to this. But one shouldn't just look at this figure alone and get panic. First of all, turnover also increased in tandem by 61% last year. The outstanding sales to be collected is still manageable at less than 3 months, about the same historically. Notice that the cash conversion cycle is just 30 days, although higher than last year but much lower than the historical periods. Good sign. Earnings is well supported by cash flows with CFFO/NI of 80%"

Lastly, its about dividend payment, SKP has 50% payout ratio which amounted to 7% of net dividend yield with current price! High div is important to compensate the investors as industry companies are cyclical. All of other good components of SKP have been stated by Shrek,Kcchong and etc, please look back on previous comments to know more!

Hopefully there are more people sharing their views on SKP resource so we can get better information before we make our call. Thanks!

P/S: Please be note that some of the information provided here are extracted from a book "the five rules for successful stock investing"

Thanks calvin and riskaverse, learn something beneficial. Appreciated =)

Dear Mr Ooi

Noted with thanks! Appreciated with your help! Wish you all the best in trading as well! Happy weekend =)

Dear Mr.Ooi, Thanks for your explanation! To be true, i am a practical of "Think like a fundamentalist and trade like a technician" I am totally agree with you on trade by following the trend and TA can help on securing your profit/cut losses. Sometimes, when it reaches to my cut loss point, i cut it so i wont be having a big paper loss as the price keeps falling down even if the fundamental remains intact. However, in some cases, the price just fall below my cut loss point/support line, but it then hovering around there.It could be closed higher than the support or even lower in the end of day? What to do in this scenario. Sorry if i seem to be too demanding. Thanks!

monitor with the breakout of triangle. it has been hitting the top for 3 times but never breakout.. if it can cross up backed with substantial volume then its in a uptrend, if it cross down, i think better take profit/cut loss. just my 2 cents, not good in reading charts hahaha

Hi Peter, I am a newbie too with less experience in stock market, i am too learning from those experiences and most of all the helpful seniors like KC,Ooi,Tony and many more as u can see. If you really wish to learn, a book namely "the five rules for successful stock investing" by Pat Dorsey is a good reading book for starter,which i have been reading over and over again. Hopefully it can help you as for what i have been reaping from others knowledges, i wish to contribute some too. Cheers

Hi Mr.Ooi, sorry i do not understand this

"KLSE was a bear market for last 9 months"

As we know the index is reaching all time high, how do you justified it as a bear market. Thanks for clarification.

Hi lawrence, what u mean is, those people who converted their warrant into mother share are disposing the mother share now? right?

Yea i have been thinking on whether theres adjustment on warrant exercise price, however,something cross into my mind after i enter my position. Its not logical to purchase the warrants for speculate purpose now is what i think.
1. Special Div of 91 cents certainly surge Kulim price and cause the warrant to be in negative premium, however, its a bad bet to buy WC as it hardly bring return in short term,the ex-date for special div is on 11/1/2013(which i didnt check before i enter), one do not have enough time to exercise the warrant, so people wouldn't take this chances to do the riskless arbitrage.
2. Even if the exercise price for the warrants will be adjusted,but the payout of special div will cause the share price to drop 91cents. Can the adjusted strike price be more than 91 cents and WC in the money after that?



At first, i was thinking to take a ride on the price escalate of Kulim through WC, but after i think hard i personally think its not a good chance to speculate on its warrant. I think i have made a wrong decision... Any ideas?

Sorry i know it is a bit messy. @@

Hi Kc,can you have a look on Kulim-wc? Is it a worth bet? Sorry i know i am posting in a wrong thread...

is that 100% that there ll be adjustment for WC?

As Kulim declared div of 91 cents, it will dilute WC as div is not good for warrant holders. However, before the ex-date, by right it should be a rally for the warrant, true?

Thanks KC for your clarification. Well explain!

Hi, as i notice, the receivable of skpres is increasing dramatically, from 54,350 at 2011 to 100,886 at 2012 and current year to date at 115,234. Its always not a good sign as high receivable might cause collection problem. I understand as overall its still a fundamentally sound counter but can someone please shed some light on this matter? much appreciated, thanks

Hi, as i notice, the receivable of skpres is increasing dramatically, from 54,350 at 2011 to 100,886 at 2012 and current year to date at 115,234. Its always not a good sign as high receivable might cause collection problem. I understand as overall its still a fundamentally sound counter but can someone please shed some light on this matter? much appreciated, thanks!

Ok. Thanks for the info bro zul, much appreciated!

Hows the business of Skpress? What is the risk or competitive advantage of the Skpres? Anyone can shed some light on this? Thanks

Hi there, as u mentioned when par value drops, the company can issue the share to others in a lower price? Like how? So meaning to say that, as when a company want to raise more share, there will be adjustment on par value?

Hi shrekk, can u provide me with other competitors of skpress so i could do a comparison. much appreciated.

Sorry for the late reply, thanks so much Kcchong, yet again i gain knowledge from you. A very good example to share out from your own experiences to give newbies like me a free lesson.Yea i agree with you totally, it pays to be skeptical as we want to confirm what we invested can bring back handsome return to us. Well, for me, the only worry i have is the maturity days as if i bought the WB, i won't go for exercise..