tonylim: TECNIC and SKPRES is losing money last quarter and plan to merge it seems. But just be careful as the share price is not too high nor too low but will stay there due to market uncertainty
The Edge also reported that plastics parts manufacturer SKP Resources Bhd was positioning itself as a contract manufacturer to grow its revenue stream by securing more contracts from its existing customers.
The weekly reported that the Johor-based company, which has seen quarterly net profit grow an average of 58% in the past five quarters, recently secured a new contract to manufacture and supply a new product for an existing customer.
"This is our second contract where we will assemble the full product for our existing customer. The commercial production for the new product is expected to commence early next year and should provide recurring income for the next few years," The Edge quoted SKP's excutive director Ivan Gan as saying. However, he declined to reveal more information about the new contract due to trade sensitivity, said the paper.
tonylim, yes ---> if no news come out then so sorry, this stock is a history because...if no new contract, earnings will be stagnant and might be drop in mere future but if they got to secure a new contract, then it's possible to overlook some great earnings in future. This is the news that I wanted to hear all these while!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Alex Leow Sze Shen
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Posted by Alex Leow Sze Shen > 2012-08-29 19:29 | Report Abuse
victor168: let's hope