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 1 day ago

Posted by Lukesharewalker > 2023-05-18 12:14 | Report Abuse

Nows the time

investopology

1,982 posts

Posted by investopology > 2023-05-18 12:31 | Report Abuse

Buyer supported. Rebounding happen soon.

Posted by Lukesharewalker > 2023-05-18 15:05 | Report Abuse

Thanks for the sharp plunge operator

Posted by Lukesharewalker > 2023-05-18 16:41 | Report Abuse

And it gets cheaper...operator now failed. Want to drive down to 1.00?

Posted by Lukesharewalker > 2023-05-18 16:43 | Report Abuse

Once epf buys up...it will rocket up

juon

307 posts

Posted by juon > 2023-05-19 16:33 | Report Abuse

hailat liao, hialat liao

Posted by Lukesharewalker > 2023-05-19 16:52 | Report Abuse

Good price...operator has failed

Posted by Lukesharewalker > 2023-05-19 16:53 | Report Abuse

We are looking at a short term bottom now

juon

307 posts

Posted by juon > 2023-05-19 17:00 | Report Abuse

I think all the way to 1.00

Posted by Lukesharewalker > 2023-05-19 18:00 | Report Abuse

No worries. Epf still buying...

investopology

1,982 posts

Posted by investopology > 2023-05-19 20:03 | Report Abuse

sad case. Kena cut loss point already. Can buy back at 1.00

Posted by Alex Leow Sze Shen > 2023-05-19 21:39 | Report Abuse

i will fish it at 0.70

Posted by Lukesharewalker > 2023-05-20 14:56 | Report Abuse

Definitely oversold for now

Huat 888

330 posts

Posted by Huat 888 > 2023-05-21 14:09 | Report Abuse

keep collect..waiting at 0,98

Posted by Lukesharewalker > 2023-05-22 09:57 | Report Abuse

Yep. Operator might drive it further down if he can't accumulate at this level

Posted by Lukesharewalker > 2023-05-22 10:03 | Report Abuse

Not many selling unless operator selling own stock. Waiting

Posted by Lukesharewalker > 2023-05-22 11:15 | Report Abuse

Coming..panic sales

Posted by Lukesharewalker > 2023-05-22 11:37 | Report Abuse

Support at 1.04 and 0.98
..
Deeply oversold

Posted by Lukesharewalker > 2023-05-22 11:42 | Report Abuse

Potentially pe 10 unless sales crashes big time.

Posted by Lukesharewalker > 2023-05-22 12:00 | Report Abuse

Dyson products is not for the poor and is inelastic

Posted by BursaVulture > 2023-05-22 12:37 | Report Abuse

@Lukesharewalker

Goodlord, how much you invested in SKP? Looks like you are panicking.

investopology

1,982 posts

Posted by investopology > 2023-05-22 13:43 | Report Abuse

He like to talk to himself. Haha

Posted by Lukesharewalker > 2023-05-22 14:46 | Report Abuse

Don't panic. Ready to buy in at 98 cents

investopology

1,982 posts

Posted by investopology > 2023-05-22 15:01 | Report Abuse

lol you are the one who panic…..

Posted by BursaVulture > 2023-05-22 15:09 | Report Abuse

Fortune favors the bold, this is either the bottom, or you are in for a ride of your lifetime.
https://ibb.co/YDbJZwf

technical chart

Posted by Lukesharewalker > 2023-05-22 15:13 | Report Abuse

Artificial Road blocks. How many weakholders are there at this level? Can they accumulate enough?

Posted by BursaVulture > 2023-05-22 15:16 | Report Abuse

you know... nothing you say here is going to move the stock price, market is too big for you to influence it. you are panicking. chill bro.

juon

307 posts

Posted by juon > 2023-05-22 15:17 | Report Abuse

Wait till the tide change first. Another week before the US debt ceiling limit issue.

juon

307 posts

Posted by juon > 2023-05-22 15:17 | Report Abuse

Historically, the event like this will be leverage by the sellers to the max.

juon

307 posts

Posted by juon > 2023-05-22 15:19 | Report Abuse

1.7 dropped until 1.0, already 41.2% vanished into smoke

Posted by Lukesharewalker > 2023-05-22 16:43 | Report Abuse

Woohoo too cheap to ignore. Bought 97

juon

307 posts

Posted by juon > 2023-05-22 17:18 | Report Abuse

It will become cheaper....appear like got force selling effect come into play.

juon

307 posts

Posted by juon > 2023-05-22 18:12 | Report Abuse

It has something to do with the Malaysia Export - Economists have revised down Malaysia's full-year export forecasts after the steeper-than-expected export contraction in April. RIP those who bought @ 0.97, amen.

juon

307 posts

Posted by juon > 2023-05-22 18:23 | Report Abuse

All the export oriented counters will be implicated.

investopology

1,982 posts

Posted by investopology > 2023-05-22 18:36 | Report Abuse

Are you crazy now already 97c.

Posted by Lukesharewalker > 2023-05-22 19:12 | Report Abuse

Overkill. Stroking panic.
Insider says its not that bad

Huat 888

330 posts

Posted by Huat 888 > 2023-05-22 20:54 | Report Abuse

no need to worry..the company fundamental is there..collect all the way to 0.8 if any

Posted by NatsukoMishima > 2023-05-22 23:01 | Report Abuse

All over value tech stocks will be dumped kaw kaw by bankers , this stock nothing special worth 6x sens only !

Posted by StartOfTheBull > 2023-05-23 06:29 | Report Abuse

Downtrend mood.

Posted by Lukesharewalker > 2023-05-23 09:16 | Report Abuse

Why operator don't sell some more? Rebound

Posted by Lukesharewalker > 2023-05-23 10:09 | Report Abuse

Woohoo...now buying mode

Posted by Lukesharewalker > 2023-05-23 15:51 | Report Abuse

Roadblocks again. Lol

Posted by NatsukoMishima > 2023-05-24 13:17 | Report Abuse

6x sens stock , just banker pump n dump during 2021 tech frenzy !

Posted by value_seeker > 2023-05-24 17:12 | Report Abuse

Dnext going 30+

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-05-31 16:13 | Report Abuse

The decrease in general profitability measures such as gross profit margin of 8% and profit before tax margin of 4% for the current quarter ended 31 March 2023 as compared to previous year corresponding quarter (gross profit margin and net profit
margin of 14% and 11% respectively) is incurred primarily to rising production costs which attributable to significant overhead costs incurred, particularly in regards of manpower costs, in view of lower manufacturer utilisation and softer order book. The
current headcount for direct labour of the Group is in line with the initial order book and robust forecast from major customer.

For the current quarter ended 31 March 2023, the Group recorded a revenue of RM500 million, a decrease of 14% or RM80 million as compared to the previous year corresponding quarter. Profit before tax decreased by 68% or RM45 million to RM22
million over the same period.

The Group will continue its concerted effort which focuses on managing manpower, supply chain management and cost optimisation at existing manufacturing bases of the Group.


Commentary on prospects
In view of challenging macroeconomic outlook, the Group will remain vigilant with future order book received from customers and continues to apply its concerted effort which primarily focuses on manpower and supply chain management in addition to
other cost optimisation measures.

As of the date of this report, the Group is in the midst of obtaining certificate of completion and compliance in regards of the new factory building constructed on newly acquired land at Negeri Johor having land size of approximately 6.4 acres.

We will continue to expand our Printed Circuit Board Assembly ("PCBA"), injection moulding and engineering capabilities to take advantage of a widened product assortment.

Meanwhile, the Group is mindful of significant credit concentration risk that may arise from major customer and continuously seek to diversify its customer base. All in all, against the aforementioned headwinds, the Board is positive that the Group will
sustain its resilience by maintaining robust financial position at all time.

Abrahmi

59 posts

Posted by Abrahmi > 2023-05-31 21:32 | Report Abuse

Sa at good counter

fortunefire

1,519 posts

Posted by fortunefire > 2023-06-06 09:45 | Report Abuse

goreng time

Posted by Lukesharewalker > 2023-06-07 12:19 | Report Abuse

Good. Another round comes....

Posted by Lukesharewalker > 2023-06-07 14:42 | Report Abuse

Buy when plunge. Dividends coming in July

Posted by Lukesharewalker > 2023-06-07 15:22 | Report Abuse

Operator selling own shares...roadblocks set up
Let it plunge

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