SKP RESOURCES BHD

KLSE (MYR): SKPRES (7155)

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Last Price

1.02

Today's Change

-0.03 (2.86%)

Day's Change

1.01 - 1.04

Trading Volume

3,607,700


27 people like this.

10,788 comment(s). Last comment by MiaoMiao7 2 days ago

Oiichai

50 posts

Posted by Oiichai > 2021-05-05 10:41 | Report Abuse

Wb should price .40 above. 1-2 weeks, let's see

mych11

97 posts

Posted by mych11 > 2021-05-05 11:09 | Report Abuse

warrant now deep discount 0.19.. grab more..

mych11

97 posts

Posted by mych11 > 2021-05-05 11:20 | Report Abuse

good price to take more..0.20..

Oiichai

50 posts

Posted by Oiichai > 2021-05-05 11:23 | Report Abuse

Yes. Really good price. Grab more more haha

XxxxXzz

684 posts

Posted by XxxxXzz > 2021-05-05 12:33 | Report Abuse

Why ex price at rm3 but mother highest only rm2..?

Syndicates

884 posts

Posted by Syndicates > 2021-05-05 15:15 | Report Abuse

Should sell more yesterday to let those LU buyers burn their both hands

mych11

97 posts

Posted by mych11 > 2021-05-05 16:04 | Report Abuse

0.16.. can add more..

Oiichai

50 posts

Posted by Oiichai > 2021-05-05 16:17 | Report Abuse

0.1 even better haha

Syndicates

884 posts

Posted by Syndicates > 2021-05-05 16:23 | Report Abuse

Oi don't tank lah. Let the greedy die faster

Syndicates

884 posts

Posted by Syndicates > 2021-05-05 16:24 | Report Abuse

This kind of market easy to drop more. Why tank?

Burstard

183 posts

Posted by Burstard > 2021-05-05 16:28 | Report Abuse

Dead share everyday drop

Posted by isadness > 2021-05-05 20:18 | Report Abuse

Very sad indeed

Oiichai

50 posts

Posted by Oiichai > 2021-05-05 20:45 | Report Abuse

What tank? I sell mother then buy Wb at morning...0.29 Shit.. is ok, drop more can add even more. I treat it as opportunity, gearing 10x now, below 0.1 I am more happy.

Oiichai

50 posts

Posted by Oiichai > 2021-05-05 21:14 | Report Abuse

5 years and 10x gearing warrant in klse only have 2, 1 is rubbish focus-wd and skpres-wb, skpres with long record profitable. Tomorrow will add more, below 0.1 add even more more

mych11

97 posts

Posted by mych11 > 2021-05-06 11:17 | Report Abuse

next support 0.10..

Oiichai

50 posts

Posted by Oiichai > 2021-05-06 13:16 | Report Abuse

Just added another batch 0.145, tqvm

Oiichai

50 posts

Posted by Oiichai > 2021-05-06 14:33 | Report Abuse

Add more 0.16 haha

Kang Yao

577 posts

Posted by Kang Yao > 2021-05-06 14:57 | Report Abuse

the share price almost has to 2x for the warrant to make sense...
and dont forget, dividend payout will make the warrant more premium.

kmwong8711

639 posts

Posted by kmwong8711 > 2021-05-06 17:25 | Report Abuse

Kang Yao
What is the fair value for this warrant??

mych11

97 posts

Posted by mych11 > 2021-05-07 11:49 | Report Abuse

ard 0.40 is good.. wait for all the sellers to CL before going higher

VincentTang

1,229 posts

Posted by VincentTang > 2021-05-07 15:54 | Report Abuse

All in LCTITAN to win back your loss. Target price for LCTITAN is RM7. If you buy LCTITAN now, you can win >100%

BlackWhite

1,053 posts

Posted by BlackWhite > 2021-05-10 10:04 | Report Abuse

Original brought $4 something still long way for titan

mych11

97 posts

Posted by mych11 > 2021-05-11 10:37 | Report Abuse

Warrant heading lower 0.10..

slts

2,236 posts

Posted by slts > 2021-05-11 11:30 | Report Abuse

wb is worth zero

mych11

97 posts

Posted by mych11 > 2021-05-11 11:40 | Report Abuse

it still has a time value of 5 yrs.. but off course buying the mother share has direct savings

chai2145

86 posts

Posted by chai2145 > 2021-05-17 23:18 | Report Abuse

I have enter , became a small shareholder of skpres

Posted by orest_ET > 2021-05-17 23:38 | Report Abuse

Jom, let's support together, YOY record-high this time

Gainzz

29 posts

Posted by Gainzz > 2021-05-18 09:36 | Report Abuse

I have bought more also. Hope it will do well this quarter

mych11

97 posts

Posted by mych11 > 2021-05-18 10:39 | Report Abuse

next support 1.40..

Posted by Alex Leow Sze Shen > 2021-05-18 23:03 | Report Abuse

SKPRES-WB, buy this when it reach 0.10, sure profit :)

ongth60

557 posts

Posted by ongth60 > 2021-05-19 20:31 | Report Abuse

Warrant premium at 100© ....

DuitGeli2

443 posts

Posted by DuitGeli2 > 2021-05-19 20:38 | Report Abuse

They need to stop the mother share price from going down the drain further

Posted by Alex Leow Sze Shen > 2021-05-19 22:25 | Report Abuse

Covid-19 case rising, share dropping now!

Posted by Alex Leow Sze Shen > 2021-05-20 16:26 | Report Abuse

today dropping about 10 cents already!

slts

2,236 posts

Posted by slts > 2021-05-20 17:00 | Report Abuse

omg really all ems go to hollan

Posted by Alex Leow Sze Shen > 2021-05-20 17:03 | Report Abuse

due to high possibilities lockdown! So EMS reacted 1st, manufacuturing sectors will be badly effected.

lucky8

181 posts

Posted by lucky8 > 2021-05-20 17:10 | Report Abuse

why it dropped so much? someone margin call forced to throw the stock?

Posted by Alex Leow Sze Shen > 2021-05-20 18:47 | Report Abuse

morning was OK, afternoon was havoc!

mych11

97 posts

Posted by mych11 > 2021-05-20 19:01 | Report Abuse

Some rumors of factory shut down due to Covid19 infections.. anyone can reconfirm?

mych11

97 posts

Posted by mych11 > 2021-05-20 19:04 | Report Abuse

next support 1.30.. warrant 0.05

bigprice

839 posts

Posted by bigprice > 2021-05-20 19:17 | Report Abuse

Is it true company shut down due to Covid 19 infections?

Posted by Alex Leow Sze Shen > 2021-05-20 20:37 | Report Abuse

most likely based on the big meeting tomorrow!

SDR245

1,675 posts

Posted by SDR245 > 2021-05-20 22:59 | Report Abuse

No rebound in near term. Sentiment very weak. Might drop to 1.00. Last year full mco 0.68 sen.

brian3381

1,888 posts

Posted by brian3381 > 2021-05-20 23:19 | Report Abuse

Oredi bonus isue. Those bought b4 bonis wil keep selling. Beter dun touch

Posted by BatteriesNotIncluded > 2021-05-21 01:28 | Report Abuse

If this is true and ATAIMS is in trouble, this means SKP will secure more business from Dyson, right? Unless SKP gets into trouble also, I dont see how this wont benefit SKP itself. ATAIMS being the biggest dyson outsourcer will have no choice but to give more business to SKP. Buy the dip.

--------------------------

Andy Hall claims that there are "alleged forced labor conditions including, but not limited to, unethical recruitment practices and inadequate working/living conditions." This had brought the company to tank mid noon. EMS peers in Johor $VS / 6963 (V.S. INDUSTRY BERHAD) and $SKPRES / 7155 (SKP RESOURCES BHD) also took a beating with each company closing the day at -6.5% and -13.5% respectively.

https://ibb.co/ryKnmZT

mych11

97 posts

Posted by mych11 > 2021-05-21 09:51 | Report Abuse

is SKP free from the same issue?

Posted by Alex Leow Sze Shen > 2021-05-21 10:19 | Report Abuse

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

MiaoMiao7

458 posts

Posted by MiaoMiao7 > 2021-05-21 10:20 | Report Abuse

As the letter shown, only ATA got problem and this CBP thing as shown by TG can last for a long time.

SKP bosses are good people, so far dont think they are in trouble. So this means there is a possibility dyson might divert their orders to SKP and VS. just like how hartalega and supermax benefited from TG CBP issue.

Posted by Alex Leow Sze Shen > 2021-05-21 14:42 | Report Abuse

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.

Posted by Alex Leow Sze Shen > 2021-05-21 15:41 | Report Abuse

very active today 200K shares tarded

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