Posted by Kang Yao > 2020-09-18 08:08 | Report Abuse

AR seems promising:

One key decision which the group made in FY 2020 was to invest and install new capacities for the future. In total, the Group invested RM 100 million in FY 2020 including plants, machineries, Surface-mount Technology (“SMT”), robotic spray facilities to cater for both EMS and non EMS sector.

Last year, we reported that we had purchased a new factory adjacent to our current Johor Bahru operation plant. In this regard, we have successfully commenced operation in this new factory and we have achieved a vigorous record setting time of 3 months from the handover in May till August when we first started mass production.
We have thus far invested approximately RM 50 million in this set up which houses one of the most advance injectionmoulding facilities coupled with energy savings machineries and full fledge robotic automation. This new factory iscurrently operating at 80% capacities and we are reaping the benefits in terms of high yield efficiency, reduce energy consumption and reduction in manpower usage. This has always been our ethos and I am glad that these strategies have materialised and serve the group well which ultimately help us achieves a higher margins.

On top of these developments, SKP BM Electronics Sdn Bhd (“SKP BM”) which provides PCBA solutions to our clientele have also started its maiden business delivery to our own in-house floor care products.

Notwithstanding this, this new division is also expected to contribute positively to our group revenue and earnings in the coming years. SKP BM are currently working on several new products to cater for our own in-house consumption and one key area of focus is the assembly of battery pack which is targeted to launch in FY 2021. These developments are progressing steadily.

Posted by Kang Yao > 2020-09-18 08:10 | Report Abuse

Anyone going down to bangi for AGM from Klang Valley? Can I hitch along?

Posted by jerebubu > 2020-09-25 16:14 | Report Abuse

breaking 1.80~~~~~

Posted by Kang Yao > 2020-09-25 16:15 | Report Abuse

very bright prospect from their AGM ey

Posted by dalpinia > 2020-09-28 16:13 | Report Abuse

https://www.youtube.com/watch?v=ttMtiiSM_eA

Posted by Fabien "The Efficient Capital Allocater" > 2020-09-28 20:18 | Report Abuse

SKPRES is a proxy to investing in Dyson.

The company is well positioned to record explosive earnings growth this year, mainly driven by higher demand for Dyson products.

Can the demand be sustained?

2 emerging trends are in favor:

First, thanks to Covid and the resulting shift to WFH trend, has resulted in increased demand for both household and hygiene products

Also bear in mind, there is a natural replacement cycle for household appliances.

there is a healthy pipeline of new products, more innovative products to automate more household chores

Second, Covid + trade war has prompted many MNCs to diversify their supply chain and reduce reliance on China

I see this as a permanent structural change in the supply chain where more manufacturers are relocating into ASEAN

PCBA is also contributing positively, gestation period is over, which would contribute to improvement in margin in coming quarters.

I am optimistic.

Posted by nicky11 > 2020-10-20 10:27 | Report Abuse

This stock looks ready to boost soon

Posted by investmalysia > 2020-10-20 13:28 | Report Abuse

Yes. Vs and ataims already boost. Skp next

Posted by ZoeZoe > 2020-10-20 14:29 | Report Abuse

any TP....2.10?

Posted by dollardollarbill > 2020-10-20 15:32 | Report Abuse

KPS (code: 5843) - A RM1bil EMS company in disguise?

https://klse.i3investor.com/blogs/dollardollarbill/2020-10-20-story-h1534735929-KPS_code_5843_A_RM1bil_EMS_company_in_disguise_bill_dollardollarbill.jsp

Posted by investortrader88 > 2020-10-20 19:46 | Report Abuse

nice closing.lets break RM 2 !

Posted by Aisha > 2020-10-23 13:16 | Report Abuse

When skp wil shoot above rm2. Like no power to push.

Posted by SuperAsia > 2020-10-24 11:18 | Report Abuse

don't worry , I always tally with Ataims
aTai up ady soon she will follow

Posted by nakata > 2020-10-26 17:42 | Report Abuse

Anyone idea why KWP keep selling ?

Posted by gxltwsb > 2020-10-28 13:51 | Report Abuse

skpres is worst than ataims ... huhuhu

Posted by Atos > 2020-11-05 22:38 | Report Abuse

Ataims n vs good result already announce,now the younger brother skpres going to announce the record revenue n profit. Stay tuned n wait for the ever best qr reports. Buy Buy before it's late.

Posted by DannyArcher > 2020-11-12 22:43 | Report Abuse

long term, like 2 to 3 years down the road. VS and SKP are the best in term of profit growth. Both are expanding and building new factories and securing new contracts. Growth is there, just have to wait. ATAIMS and PIE are not growing. Buy SKP and VS.

Posted by flyingtomoon2020 > 2020-11-12 22:53 | Report Abuse

Skp gogogo

Posted by flyingtomoon2020 > 2020-11-12 22:54 |

Post removed.Why?

Posted by flyingtomoon2020 > 2020-11-13 02:49 | Report Abuse

Skp gogogo

Posted by flyingtomoon2020 > 2020-11-13 02:50 |

Post removed.Why?

Posted by Fabien "The Efficient Capital Allocater" > 2020-11-17 20:04 | Report Abuse

EMS companies are benefitting from the diversion of supply chain and reduced reliance on China

The growth story has always been there. The coming earnings announcement would validate such narratives.

SKP today have touched its year high of 1.95

I have two EMS in my portfolio, SKPRES & FPI

Watch this space

Posted by nightfly > 2020-11-18 17:41 | Report Abuse

Skp is doing well ... and result will be out soon. And try to break 52 week high 1.95 .. and ppl start to sell in the afternoon ... market try to break 1611 resistance this week . I think tomorrow will try push back to test 1.95 ... if break ... then willl sky rocket to moon. 2.200 then next Mas 2.400 ...

Posted by Loh Ken Nei > 2020-11-19 18:10 | Report Abuse

good qr

Posted by Fabien "The Efficient Capital Allocater" > 2020-11-19 19:43 | Report Abuse

Both SKPRES & FPI announced record quarterly revenue & net profit


Fabien "The Efficient Capital Allocater" EMS companies are benefitting from the diversion of supply chain and reduced reliance on China

The growth story has always been there. The coming earnings announcement would validate such narratives.

SKP today have touched its year high of 1.95

I have two EMS in my portfolio, SKPRES & FPI

Watch this space
17/11/2020 8:04 PM

Posted by Kang Yao > 2020-11-19 20:38 | Report Abuse

is the record qtr revenue due to flowover from backlog of previous qtr delay in fulfilment due to MCO?

if not. SKP can fly leh

Posted by wehcant > 2020-11-19 21:34 | Report Abuse

EPS 3.53 is the highest thus far. Unbelievable.

Posted by nightfly > 2020-11-19 23:40 | Report Abuse

Quarter resukt superly good ... have kept secret even all the institutions didn’t know about it ... So tomorrow will jump st least 2.100 ... and volume will be crazy

Posted by Booyeah > 2020-11-20 08:35 |

Post removed.Why?

Posted by jerebubu > 2020-11-20 09:05 | Report Abuse

rm2 shouldn't be far away~

Posted by Kang Yao > 2020-11-20 09:26 | Report Abuse

TP 2.80 for 2021
* assuming current revenue is maintained and new contract negotiation with Dyson should be on the desk.
* operation margin maintained
* production capacity increased

Posted by nightfly > 2020-11-20 09:32 | Report Abuse

*SKP RESOURCES (SKP MK)*
Analysts: Soong Wei Siang

♦️ *Result Review* - 2QFY21 reported all time high net profit of MYR44.1m, +76.9% YoY, on higher sales order, absence of start-up costs and turnaround of PCBA division. We forecast overhelming 65.0% earnings jump in FY21F as WFH trend will drive demand of its key customer’s products. We raise FY21-23F earnings by 5-11%. Maintain *BUY with higher TP of MYR2.28, 18x FY22 P/E.*

♦️ *Link to the report:*
https://research.rhbtradesmart.com/view-file/hash/323398517952709465fb68c207c9b4?NO_CACHE=ea739bb299df1c2defca86a49bae89a5

*RHB♦️IB*

Posted by jerebubu > 2020-11-20 10:10 | Report Abuse

pretty bright future ahead.
2 dyson projects to be launch after CNY next year plus future new project PCBA will be cover by SKP, no need to source from VS or ATA.

Posted by investortrader88 > 2020-11-20 10:25 | Report Abuse

already break RM 2 !

Posted by investortrader88 > 2020-11-20 10:25 | Report Abuse

good qr !

Posted by goreng_kaki > 2020-11-20 15:06 | Report Abuse

sell down, gone case bye bye

Posted by soonheng > 2020-11-20 17:32 | Report Abuse

Automated Manufacturing Services

Posted by wehcant > 2020-11-20 17:34 | Report Abuse

acquired 200,000 shares

Posted by soonheng > 2020-11-20 17:36 | Report Abuse

As a one-stop plastics solutions provider, SKP also specialises in contract manufacturing and component assembly, providing customers with fully integrated, turnkey box-building services. Using state-of-the-art production facilities, right process design, stringent quality control, experiences technical and production personnel, and a large team of trained assemblers, we can turn your plastics components into finished products right on our production floor. strong supply chain management has given us the competitive edge as a full-service supplier to our clients who increasingly rely on us to manage their supply and logistics chain. SKP relies on our ef ficient supply chain management from material and component sourcing all the way to assembly, storage, and even international shipment of the finished product – giving our customers the added assurance of cost efficiencies, end-to-end delivery, and quality control from fabrication to end-user delivery.

Posted by soonheng > 2020-11-20 17:36 | Report Abuse

CONTRACT MANUFACTURING & COMPONENT ASSEMBLY

Posted by soonheng > 2020-11-20 17:36 | Report Abuse

Public Islamic Opportunities Fund Acquired SKPRES 18,470,700 shares

Posted by soonheng > 2020-11-20 17:37 | Report Abuse

Kenanga Growth Fund Acquired SKPRES 8,852,300 shares

Posted by soonheng > 2020-11-20 17:37 | Report Abuse

Norges Bank Acquired SKPRES 21,348,100 shares

Posted by farid > 2020-11-20 23:37 | Report Abuse

SKP Resources upgraded on strong order flow .Analysts have upgraded SKP Resources Bhd to reflect its strong order flow outlook and potential further margin expansion from higher contribution of its printed circuit board assembly (PCBA) operations.
CGS-CIMB's analyst Syazwan Aiman Sobri said in a note dated Nov 19 that SKP's 1HFY21 core net profit of RM54.1 million came in at 45% of his full-year forecasts.
The key reason was stronger-than-expected revenue recovery post-1QFY21, and better-than-expected earnings before interest, taxes, depreciation and amortisation margins due to better economies of scale.
"On the back of a strong quarter-on-quarter net profit recovery in 2QFY21, we expect order momentum to continue, leading to a strong 2HFY21.
Despite ongoing concerns over the Covid-19 outbreak, he gathered that order flows from its key customers remain robust and should underpin a stronger 2HFY21.
"We think margins are likely to remain strong going into 2HFY21, underpinned by better economies of scale from stronger sales volumes, and margin expansion from increasing contribution from its PCBA operations, both of which were already seen in 2QFY21.
He also raised his FY21 to FY23 earnings per share by 6.9% to 8.9% mainly to account for better order traction.
"As we turn more positive on SKP's prospects, we upgrade our call on the stock to an add (from hold), with our end-2021 target price (TP) now at RM2.35 (from RM1.60).

Posted by farid > 2020-11-20 23:37 | Report Abuse

UOB-Kay Hian's analyst Desmond Chong also increased his FY21 to FY22 net profit forecasts for SKP by 5% and 18% respectively to account for additional contract wins from its key customers and margin improvement on better operational efficiency.
"SKP reported record-high revenue and profit in 2QFY21 on strong orders ramp-up from its key customers. We expect sales momentum to continue in 3QFY21, driven by festive demand and full-quarter contributions from new products.
He has upgraded SKP to buy and lifted its TP to RM2.26, from RM1.46.
"SKP is trading at a 17% discount to peers' FY22 average PE amid expected two-year net profit compound annual growth rate of 44%.
SKP yesterday announced that its net profit for the second quarter ended Sept 30, 2020 (2QFY21) surged 76.9% to RM44.07 million, from RM24.91 million a year ago.
Its revenue for 2QFY21 jumped 49.18% to RM726.31 million, from RM486.86 million.
The group said it delivered a sterling performance and posted its highest-ever quarterly revenue of RM726.3 million with profit before tax of RM57.8 million due to strong demand from existing key customers.
For the half year ended Sept 30, 2020, the group's net profit climbed 24.67% to RM54.1 million, from RM43.4 million a year earlier.
Its revenue for the half-year period also rose 32.43% to RM1.12 billion, from RM849.4 million.
The group said its prospects remain good and the board is optimistic and expects to achieve profit growth for the financial year ending March 31, 2021.

Posted by Warrant Buffet > 2020-11-22 18:30 | Report Abuse

https://klse.i3investor.com/blogs/buyandholdlt/2020-11-22-story-h1536551171-__MTAG___Investing_in_UK_s_richest_man.jsp

Posted by nakata > 2020-11-23 09:48 | Report Abuse

@soonheng , hi SoonHeng, is there any site to know investors are buying and selling the shares? like what you are sharing on Public Islamic Opportunities Fund, Kenanga Growth Fund and etc ?

Posted by soonheng > 2020-11-23 10:37 | Report Abuse

Employees Provident Fund Board Acquired SKPRES 20,712,100 shares

Posted by Booyeah > 2020-11-24 19:18 |

Post removed.Why?

Posted by wehcant > 2020-11-25 10:52 | Report Abuse

Superb QR also no use. No momentum at all.