kingkoil not making profit becoz raw material up like no tomorrow and kingkoil not able to pass the cost to consumer. Toyoplas n CPI also facing margin depressed due t sky rocketing raw material. very ugly QR ahead
it is not strong because the earning even lower than last Q where there was partial lock down from june to mid of August yet KPS latest profit even less than last Q. Strong sell down on monday.
For a small Co. with 537mil shares----KPS has RM 461mil Cash. Very Conservative Co. Or planning to Buy more Companies-----With NTA 1.93 ( prime target for takeOver )
If that's the case, all will rush in to buy KPS. Why negligently traded? As if you are the only one who knows, others don't. Or, are you trying to pull our legs?
Only "OLD" contracts are caught by rising Cost.----New Contract nowadays are strictly Cash Deal with attached Conditions. If Manufacturers cannot buys raw material at reasonable cost, we can terminate Contract with 2 weeks notice ( this is what i am doing---like it or Not it is up to Buyers ). Since KPS revenue keeps increasing with reasonable profit, i think their procurement manager is doing a Good Job
Shanghai is now confirmed Lockdown. From historical data, China battle with Omicron with take atleast 6 months....China is a vast Country, not so easy to control Omicron. Together with Manufacturing fleeing China Due pro-Putin stance, KPS will receive Larger than expected Orders from Plastic Injection and Electronics Parts manufacturing from EU and USA
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
roger3210
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Posted by roger3210 > 2022-02-16 17:52 | Report Abuse
kingkoil not making profit becoz raw material up like no tomorrow and kingkoil not able to pass the cost to consumer. Toyoplas n CPI also facing margin depressed due t sky rocketing raw material. very ugly QR ahead