Posted by cospi03 > 2015-09-08 20:58 | Report Abuse

Vsi can go up all the way to 6.34, don't see why this stock can't. Both have dyson product.

Posted by dragonlim > 2015-09-09 09:35 | Report Abuse

Probably TP 2.00 would be more feasible looking at current stock price & market scenario..... 6.34 might be a few years later .......

Posted by dragonlim > 2015-09-09 11:26 | Report Abuse

Today seems to be moved further .... probably breach 1.36 .....

Posted by soohau78 > 2015-09-09 17:29 | Report Abuse

VS not because of Dyson...Keurig

Posted by dragonlim > 2015-09-10 09:07 | Report Abuse

Going down ...

Posted by dragonlim > 2015-09-14 14:01 | Report Abuse

1.70 on the way of brewing ....

Posted by Yap Chi Fai > 2015-09-14 15:38 | Report Abuse

http://www.theedgemarkets.com/my/article/skp-resources-bags-manufacturing-contract-dyson-vacuum-cleaners

Posted by goreng_kaki > 2015-09-14 15:39 | Report Abuse

comparing the pe between skp and vs, seen vs more undervaluing, vs lagi sedap~~~~switch~~~~~~~~~~~~

Posted by goreng_kaki > 2015-09-14 15:41 | Report Abuse

by this month end

vs 1.60
skp 1.40

Posted by backspacei3 > 2015-09-14 18:30 | Report Abuse

SKP Resources Berhad (SKP or the Company) - Award of Contract by Dyson Ltd

The Board of Directors of SKP Resources Berhad (“SKP” or “the Company”) wishes to announce that the Company has secured a new contract from its existing customer, Dyson Ltd. (“Dyson”), for the manufacturing of Dyson’s cordless vacuum cleaners (“Contract”). The Contract is scheduled to commence in January 2016.

SKP, one of Dyson’s contract manufacturers in Malaysia, currently assembles a range of Dyson products, including upright vacuum cleaners, hand dryers and bladeless fans. The latest Contract marks another milestone for SKP and is expected to contribute significantly to the company’s annual revenue for five years, beginning 2016.

Financial Effects

The Contract is expected to contribute positively to the Group's revenue and earnings for the financial years ending 31 March 2016 and 31 March 2017.

Directors' and Substantial Shareholders' Interest

None of the directors and substantial shareholders of the Company and/or its subsidiaries or any persons connected to them has any direct or indirect interest in the Contract.

Board of Directors’ Statement

The Board of Directors of SKP is of the opinion that the Contract is in the best interest of the Company.

This announcement is dated 14 September 2015.

Posted by rikki > 2015-09-15 11:49 | Report Abuse

Additional profit from Dyson contract (RM2b in March & RM3b in Sep 2015)
RM5billion X 7% = RM350m/5 yrs = RM70m per year.
Existing profit about RM70m + add profit RM70m = RM140m/year from FY2016 ownwards.

Posted by zaiabas > 2015-09-15 21:37 | Report Abuse

Wow...

Posted by jupiter > 2015-09-18 14:51 | Report Abuse

Sleep le...

Posted by jupiter > 2015-09-18 16:05 | Report Abuse

Wht happen again

Posted by soohau78 > 2015-09-18 16:18 | Report Abuse

for you to top up?

Posted by alphajack > 2015-09-18 21:34 | Report Abuse

Yea a lot of collection going on.. remember MYEG? 2 weeks ago won huge contract but yesterday and today only goreng up.

Skpres also have this kind of same behavior, even last contract by Dyson they won a few months ago didnt lead to an immediate goreng. I remember it only started going up after 3 days after announcement.

Now Skpres is lagging as 600 mil for 5 years cannot be ignored. Skpres deserves such valuations as forward PE would only be 15x..I think 1.60 soon is very doable, Skpres deserves new high.

Get the company warrants if you wanna make more with higher gearing. Mother up 10% means warrants can go 15-16% up.

Huat ahhhhhhhhhhhhhhhh

Posted by jupiter > 2015-09-19 08:43 | Report Abuse

i buy warrant 0.815 zzzzz

Posted by backspacei3 > 2015-09-20 11:37 | Report Abuse

Bright days are ahead for SKP Resources Bhd, as the company is set to see an earnings expansion with RM5bil worth of contracts being clinched from Dyson Ltd to produce its popular cordless vacuum cleaner.

Amid the challenging climate, SKP grabbed the first RM2bil contract in May, valued at RM400mil annually and subsequently secured another RM3bil job valued at RM600mil per annum. The tenure for both contracts are five years.

“This is a feather in our cap, as we are seen as Dyson’s core strategic partner in producing the cordless vacuum cleaner.

“And the latest contract marks another milestone for SKP and is expected to contribute significantly to the company’s annual revenue for five years, beginning 2016,” executive director Ivan Gan (pic) told StarBizWeek in an interview recently.

SKP has been working with Dyson for the past 13 years, of which the first six years it was involved in complete assembly works for the British-based company’s upright vacuum cleaners, hand dryers and bladeless fans.

Ivan says with the job wins, SKP’s revenue is expected to grow from RM600mil now to about RM1.3bil for financial year 2016 (FY16), with net margins of about 7% to 7.5%.

It grew 50% in FY15 from RM400mil to RM600mil.

The 40-year-old Gan attributes the contract wins to Dyson’s expansion plan in increasing its digital motors. The digital motors are one of the many components in the cordless vacuum cleaners.

“We have started production for the first job this month, while the second job is expected to begin in January 2016,” says Gan.



In March, Dyson was reported to have pumped in US$100mil into its West Park plant in Tuas, to increase the plant size to 143,000 sq ft and increase its yearly motor production to 11 million units by year-end from the four million units annually.

These advanced, compact digital motors power all of Dyson’s cordless vacuum cleaners, which are sold in more than 75 countries.

In 2014, Dyson’s patented cordless vacuum technology sales grew by 68% globally.

Dyson is indeed on a growth mode as it announced a four-year investment drive of £1.5bil that includes funding for research and development on design innovations at a new campus in Dyson’s UK headquarters, according to Bloomberg.

“Dyson’s expansion bodes well for SKP, as production is ramped up to meet the global demand for cordless vacuum cleaners,” says Gan.

He points out that even with the latest job, the group’s RM40mil plant in Senai, Johor is only running at a 35% utilisation rate.

The plant has a built-up area of about 400,000 sq ft and is expected to be fully operational by 2017.

Although Gan didn’t wish to divulge on the production capacity for the new product range, he says the group has set aside about RM20mil in capital expenditure for new machinery annually.

Aside from Dyson, SKP’s customers include Sony and Hewlett Packard, among others.

“With new manufacturing techniques and solutions, we are now able to house more production lines in our facilities to meet the demands of our customers,” says Gan.

SKP’s first 10 year-old plant is located adjacent to its second plant and running at full capacity.

Gan says contract wins will inevitably open doors to other new jobs, but for now SKP is content with working with Dyson.

On plans to diversify, Gan says the group made strategic acquisitions in Plastictecnic (M) Sdn Bhd, Bangi Plastics Sdn Bhd and Sun Tong Seng Mould Tech Sdn Bhd that are primarily involved in the automative, oil and gas, food and beverage as well as consumer product industries.

“These subsidiaries are into commercial lubricant packaging and tool fabrication, and deal with customers like Axon Mobile, Shell, Petronas, UniLever, Nestle, Tupperware, Santori Group of Japan, among others,” Gan says, adding that their contribution to the group’s revenue is about 25% to 30% and is seeing steady growth of about 8% to 12% annually.

On whether the slowdown in China had any impact on Dyson or SKP, Gan says Dyson’s major markets are Japan, Australia and Singapore, among others, while China is not its main market.

Posted by backspacei3 > 2015-09-20 11:37 | Report Abuse

TP RM2

Posted by duatlai > 2015-09-20 15:17 | Report Abuse

Yongtai trailing fast. Both front Batu Pahat

Posted by astalavista > 2015-09-21 16:54 | Report Abuse

Steady...

Posted by tanbb > 2015-09-22 09:38 | Report Abuse

tprm2?? sure ke?

Posted by jupiter > 2015-09-22 12:02 | Report Abuse

If mother rm2...then son will 1.50

Posted by Matthew Law Thong Sheng > 2015-09-22 15:51 | Report Abuse

Gv skp some breath time la...soon soon

Posted by goreng_kaki > 2015-09-22 19:59 | Report Abuse

Vs:1.43
Skp:1.34


Hahaha

Posted by jupiter > 2015-09-23 09:33 | Report Abuse

drop le ....

Posted by nelayan > 2015-09-25 10:02 | Report Abuse

no power........

Posted by backspacei3 > 2015-09-25 10:03 | Report Abuse

Today is the AGM day..

Posted by hom3boy > 2015-09-25 22:28 | Report Abuse

any outcome ?

Posted by kenen > 2015-09-27 13:35 | Report Abuse

Dividend approve..

Posted by backspacei3 > 2015-09-28 11:03 | Report Abuse

http://www.theedgemarkets.com/my/article/skp-resources-sees-rm23b-annual-sales-fy17

KUALA LUMPUR: Electronics cum plastic parts manufacturer SKP Resources Bhd ( Valuation: 1.10, Fundamental: 2.10) expects to achieve an annual revenue of RM2.3 billion by the financial year ending March 31, 2017 (FY17), with a targeted average profit margin of 7.5%.
“We just closed FY15 with about RM600 million [revenue]. For FY16, we will probably do RM1.3 billion, and then followed by about RM2.3 billion in FY17,” the group’s executive director Ivan Gan Poh San told The Edge Financial Daily after the group’s annual general meeting last Friday.

Gan explained that FY16 sales would be driven by consolidation of the businesses that it had acquired from sister company Tecnic Group Bhd ( Valuation: 2.10, Fundamental: 1.95), which was just concluded earlier this year.

The move was to enable SKP Resources to transform into a more diversified player in the plastics industry.

The group is justifiably confident about its FY17 target as it has already clinched two five-year contracts this year totalling RM5 billion from its major customer, British-based Dyson Ltd.

Recall that on May 18, the group bagged a RM2 billion job from Dyson to manufacture the latter’s new cordless vacuum cleaner. The contract, which spans five years and begins from October, is worth RM400 million per annum.

On Sept 14, SKP Resources secured another RM3 billion contract from Dyson, scheduled to start in January 2016 — again with a tenure of five years — worth RM600 million per annum for the same product.

Further, Gan, who is also son of SKP Resources and Tecnic’s common controlling shareholder Datuk Gan Kim Huat, revealed that SKP Resources’ current average profit margin across all its assembly lines is about 7% to 7.2%, and that the management intends to raise the figure to 7.5% by FY17 by enhancing the group’s production efficiency.

“As of now, we are not in talks for additional orders yet. This is because we are putting more attention on the businesses on hand as the company has grown so much [after acquiring Tecnic’s businesses],” Gan said when asked if SKP Resources is in any talks for more jobs.

“Of course we will still proactively seek to replenish our orders, but with this significant growth of business size, we will concentrate on more improvements [in efficiencies] first,” Gan said.

SKP_price-chart

Still, Gan said there is potential for more jobs from Dyson, as the latter is investing £1.5 billion (RM10.02 billion) into research and development over the next four years.

“This will indirectly create a lot of new products, so these will be things that hopefully SKP Resources can work with them on,” he added.

Following the acquisition of Tecnic’s businesses, SKP Resources has broadened its customer base to include Exxon Mobil Corp, Petroliam Nasional Bhd, Nestle (M) Bhd (Valuation: 1.50, Fundamental: 1.15), Unilever plc, Sony Corp and Panasonic Corp.

For the first quarter ended June 30, 2015 (1QFY16), SKP Resources’ net profit jumped 85.55% year-on-year to RM17.9 million from RM9.65 million. Revenue ballooned 84.51% to RM243.06 million from RM131.74 million in 1QFY15.

Last Friday, SKP Resources shares (fundamental: 2.1; valuation: 1.1) closed unchanged at RM1.35, with a market capitalisation of RM1.46 billion. Year to date, its share price, which was trading at 64 sen on Dec 31, 2014, has more than doubled.


Can trust gah?

Posted by lee77 > 2015-09-29 08:29 | Report Abuse

yes, sure.... but need wait some time for SKP up....

Posted by rishi > 2015-09-29 10:16 | Report Abuse

Good sharing. :)

Posted by soohau78 > 2015-09-29 12:57 | Report Abuse

test patience...

Posted by jupiter > 2015-09-29 14:58 | Report Abuse

no eye see

Posted by i33investor > 2015-09-29 20:37 | Report Abuse

Good counter just hold n see...Hold is gold~

Posted by backspacei3 > 2015-09-30 10:08 | Report Abuse

hold is gold...

Posted by conan > 2015-09-30 12:32 | Report Abuse

Long term investment share... keep it for 2 years sure will harvest good return.. but if world economy tumble down i can't say anything... so sell it by then if you know when that going to happen..

Posted by soohau78 > 2015-09-30 17:44 | Report Abuse

based on the contract awarded, the future is promising...

Posted by i33investor > 2015-09-30 23:09 | Report Abuse

we follow trend..If really world economy tumble down will the fund manager no need to do their work?not only for this stock,other stock also same... let us catch the rebound~haha think about it~~
Dont't chase high,buy on support~should be no problem..
Don't sailang,buy slowly, we fishing~patience....haha
#just sharing my view n the strategy#

Posted by Zai Zai > 2015-10-02 08:58 | Report Abuse

i advise sell today

Posted by jupiter > 2015-10-02 14:49 | Report Abuse

zaizai really?

Posted by jack123 > 2015-10-02 21:19 | Report Abuse

aiyoyo .. should hold for 2 years and shall be greatly rewarded .. =S

Posted by i33investor > 2015-10-06 07:35 | Report Abuse

support 1.31, cut loss if break down below 1.31..

Posted by upsidedown119 > 2015-10-07 16:41 | Report Abuse

Hold is gold!

Posted by soohau78 > 2015-10-07 16:55 | Report Abuse

1.38!!

Posted by Matthew Law Thong Sheng > 2015-10-07 17:29 | Report Abuse

Holy shit!!!! Good good good...

Posted by backspacei3 > 2015-10-07 18:18 | Report Abuse

wah

Posted by YOLOOOO > 2015-10-07 21:59 | Report Abuse

on the way back to 1.6

Posted by i33investor > 2015-10-08 07:01 | Report Abuse

nice~ like i said Hold is gold~
hmn..our market currently RSI indicator showing like overbought..Trade with cautions.