Posted by Vincent Wong > 2012-08-07 23:06 | Report Abuse

价无法反映盈利增长 大股东或私有化星光资源
财经新闻 财经 2012-08-04 14:05


（吉隆坡3日讯）分析员认为，由于股价表现无法反映星光资源（SKPRES，7155，主板工业产品股）稳健的盈利增长，因此，不排除大股东可能会私有化，甚至与姐妹公司德力集团（Tecnic，9741，主板工业产品股）合併。
达证券分析员指出，如果星光资源的股价在长期里，仍然无法反映未来的盈利增长趋势，大股东可能会把该公司私有化。
分析员点出3大原因，支撑可能私有化的看法：1）财务强稳，而且未来的资本开销极小；2）未来盈利增长乐观；3）估值廉宜鼓励私有化。
目前，星光资源的账目非常干净，也没有负债，并持有6190万令吉现金，相等于每股6.9仙。
此外，该公司的现金流估计也会跟随2013至2015年的业绩上扬，这足以应付维修的资本开销，以及维持50%的股息派发政策。
分析员也获悉，星光资源已经接获订单，为Dyson吸尘机供应更多零件，因此，预测每年可以带来2000万令吉的进账。
将获更多Dyson订单
在2010年，星光资源就被Dyson委任为第一极的本地生产商，主要负责供应吸尘机的塑胶零件，以及组装和包装服务。
这项订单推高2012财年第二季的营业额和净利，并使厂房使用率推高至接近100%。
“我们认为，星光资源在未来将获得Dyson的更多订单，主要该公司能够以合理的成本维持高水平的品质管理水平。”
根据34仙的市价，星光资源的本益比只有6.3倍，这是被低估的水平，因为该公司2012财年首两季的盈利皆强力增长（超过20%），而2013财年的盈利增长估计将达31.4%。
此外，该公司50%股息派发政策，也提供了7至8%的周息率。
“因此，我们不排除大股东颜氏家族在长期里，会把公司私有化，由于已持有73%股权，因此融资不成问题。”
假设收购价每股为41仙（比市价溢价20%），而每张凭单的收购价为1仙，私有化计划仅需要1亿令吉。
另外，私有化计划也可以解决与姐妹公司———德力集团（Tecnic，9741，主板工业产品股）之间的企业监管问题。
目前，颜氏家族持有德力集团的70%股权，也从事相同的业务，因此，把两者合併是合理的点子，以便提昇营运效率。
盈利节节攀升 回酬高达89%
分析员维持星光资源每股54仙的目标价格，由於这家“迷你现金公司”可能会被大股东收购。
因此维持“买入”评级。
福布斯亚洲（Forbes Asia）早前公佈的“营业额10亿美元以下200强企业”
（Best Under aBillion），一共有14家大马企业上榜，而星光资源正是其中之一。
分析员指出，星光资源自从在2011财年首季开始，盈利表现不断攀升之後，已经提高了投资者的期望。
今年至今，星光资源的股价已经超越了大盘，总回酬率（包括股息）高达89%。

Posted by kcfan > 2012-08-07 23:07 | Report Abuse

Thanks Vincent Wong on the good sharing.Have a nice trading day's ahead.

Posted by uncle joy > 2012-08-07 23:12 | Report Abuse

best buy !

Posted by skamyin > 2012-08-07 23:49 | Report Abuse

请问一下vincent uemland 为什么股价给人丢下去？

Posted by stncws > 2012-08-08 00:02 | Report Abuse

They push down the price from 0.55 to 0.37, then says prices not reflected in the share value, this type of tactic only can cheat newbie and innocent anyway we have to accept this type of game, must be this compnay got RM69M cash in bank... you know lah...

One word ::: They want to EAT the company..

Posted by stncws > 2012-08-08 00:04 | Report Abuse

And also grab all the benefits and cash reserve also the dividen.
privatisation means eat back the company. Fat Water Not going Into Field.

Same Shark below
1. Vincent Tan
2. Francis Yeoh

Posted by mrkas > 2012-08-08 00:11 | Report Abuse

stncws - where got ppl pushed down price fr 0.55 to 0.37, price lower coz if bonus issue lar. better do yr homework k

Posted by stncws > 2012-08-08 00:16 | Report Abuse

You can see the ytlcement....as an example...no one will privatized a company for higher price... Same like ytlpower.. Also the astro..

Posted by Vincent Wong > 2012-08-08 06:32 | Report Abuse

sorry I didn't study UEMLand

Posted by Vincent Wong > 2012-08-08 06:34 | Report Abuse

Agree with bro mrkas, bonus issues in June. But didn't move to north..

Posted by juinming0304 > 2012-08-08 09:23 | Report Abuse

Yes, it may the bonus the price is drop, do you know they can purposely proposed the bonus later privatised it., they control about 70%, do you know the director knows how to act like actors ?

If they want to privstised the compnay,. they will ochestra the wwhole episod.

Posted by mrkas > 2012-08-08 20:13 | Report Abuse

so what?? better sell lor.. ;-D

Posted by Vincent Wong > 2012-08-10 18:31 | Report Abuse

Buy

Posted by victor168 > 2012-08-10 22:48 | Report Abuse

Target prices = RM0.50

Posted by victor168 > 2012-08-13 16:07 | Report Abuse

start to move....

Posted by Alex Leow Sze Shen > 2012-08-14 08:21 | Report Abuse

today can go 0.39 I guess :)

Posted by tonylim > 2012-08-16 00:48 | Report Abuse

Why can go .3 9 sen

Posted by Alex Leow Sze Shen > 2012-08-16 08:27 | Report Abuse

Based on technical charts! Prediction

Posted by Alex Leow Sze Shen > 2012-08-16 08:29 | Report Abuse

And then based on current charts view, this share is still bullish, MACD above 0, RSI and OBV is rising and at positive level. Breakout very soon! :)

Posted by 1M168 > 2012-08-16 08:29 | Report Abuse

4D?

Posted by Alex Leow Sze Shen > 2012-08-16 15:25 | Report Abuse

What 4D? No 4D here...it's the figures of the market that matters! SKPRES shall form the golden cross soon on the technical analysis.

Posted by jantzen7801 > 2012-08-17 10:47 | Report Abuse

how far could this share ups to?? Best to sell at??

Posted by Alex Leow Sze Shen > 2012-08-17 10:52 | Report Abuse

the TP is 0.54 as stated by TA but not so soon! Need to wait for more good news!

Posted by jantzen7801 > 2012-08-17 10:58 | Report Abuse

seems it grow slowly, but wait till whn? Haiz~
Any latest news about tis co.?

Posted by Alex Leow Sze Shen > 2012-08-17 17:32 | Report Abuse

seller dominates more than buyer today! Have to be patient for the time being! :)

Posted by pbm8682 > 2012-08-17 18:19 | Report Abuse

it is still cheap... better buy as much as you can with your last dollar.... very soon to fly high... yahoo!!!

Posted by Eden Thean > 2012-08-18 06:41 | Report Abuse

this is the last chance u get rich ;)

Posted by jantzen7801 > 2012-08-18 09:09 | Report Abuse

pbm8682@very soon to fly high? What's makes you so confidence about this?
Eden@sure onot?

Posted by tonylim > 2012-08-18 19:25 | Report Abuse

Sure or not when you say last chance.

Already have 2 0 0 big lots and waiting

Posted by 1621 > 2012-08-22 16:30 | Report Abuse

But is go too slow, stil on the same price for some period already. New said share can be collapse end mth. How is every quote?

Posted by Alex Leow Sze Shen > 2012-08-22 18:10 | Report Abuse

It won't collapse, now everyone is waiting for the quarter report end of this month! See whether it's positive or negative.

Posted by Alex Leow Sze Shen > 2012-08-23 15:44 | Report Abuse

SKPRES-WA people keep throwing out!

Posted by omgimnoob > 2012-08-25 15:14 | Report Abuse

Cash rich...might be another Wellcall

Posted by ckinsg > 2012-08-27 19:21 | Report Abuse

Anounce good result....
Yes yes, tomorow sure up

Posted by ssali95 > 2012-08-27 19:38 | Report Abuse

i stay aside ...people harvesting @ this counter

Posted by Alex Leow Sze Shen > 2012-08-27 19:47 | Report Abuse

ckinsg: The result just improved slightly from last quarter and this quarter. Nothing to shout about seriously! But still maintain positive outcome lah! Tomorrow I expect the share will up little only

Posted by ckinsg > 2012-08-27 20:12 | Report Abuse

i dun think so... mayb can can up for two more quarters.. if next yr profit still no growth, then will be trouble

Posted by Eden Thean > 2012-08-28 00:54 | Report Abuse

cash cow but what do they wan to do :S

Posted by Alex Leow Sze Shen > 2012-08-28 09:14 | Report Abuse

Very slow! Up 0.01 till now

Posted by omgimnoob > 2012-08-28 19:04 | Report Abuse

Slow because gem is covered by dirt now...once it is promoted or polished... don't regret scold it too early

Posted by Alex Leow Sze Shen > 2012-08-28 19:58 | Report Abuse

Haha! It's already many months oredi! It should be up liao! Enough liao! Polish until lao sai ady!

Posted by Alex Leow Sze Shen > 2012-08-29 10:27 | Report Abuse

Is it coming today? Let's see!

Posted by ckinsg > 2012-08-29 15:10 | Report Abuse

skp resources will start uptrend very soon

Posted by victor168 > 2012-08-29 15:14 | Report Abuse

have to break RM0.38.

Posted by Alex Leow Sze Shen > 2012-08-29 15:31 | Report Abuse

yes...if they break 0.38 then it's uptrend already! Volume building up as well!

Posted by jester > 2012-08-29 16:04 | Report Abuse

can it or can it not break .38?
hehe

Posted by ckinsg > 2012-08-29 16:13 | Report Abuse

just a matter of time

Posted by Alex Leow Sze Shen > 2012-08-29 16:15 | Report Abuse

0.38 tough to break but it's not impossible! I have faith in it based on the buying support!

Posted by victor168 > 2012-08-29 17:09 | Report Abuse

hope tomorrow will fly....

Posted by Rose Eu > 2012-08-29 17:48 | Report Abuse

Look at Pasukhas ! IPO lst day from 12 sen to 60 sen wow! SKpres very good fa, Bolehland anything is possible !