Chartwise, this stock is bullish. But I guess we'll never really know how it will turn out ultimately. Just keeping my fingers crossed. Now there are 1519 lots at 0.365 queuing to sell and 8036 lots queuing to sell at 0.37. 4351 lots queuing to buy at 0.36.
Buying by insiders indicates the share is likely undervalued. Selling by insiders may not necessary mean it must be a bad thing, because they sell for all kind of reasons; sell for profit, need some money to spend, help a child to buy a house, too much stake just reduce some, to old already want to exit business as nobody can take over, plus may be the share is over-priced already etc. Which reason you think he sell the shares for?
Don't really know. But who is buying his large chunk of shares? Surely not the small retail buyers. There doesn't seem to be any info on any significant buyers of the stock. At the last count, he has sold about 147m of his shares in SKPRes!
Guys, wait till before CNY. The company has been doing well all the while, so if there's good news in near future, a good news supported by its profitable track record. Hold and reap.
no debt + Strong cash balance position. Well poised for future growth and expansion using internal generated funds. Very high dividend yielding counter. Recently, it promised to pay out 50% of its earnings as dividends. With revenue and earnings expected to grow in tandem with its exposure in China market + increasing operating capacity, this is a fundamentally STRONG stock. However, in Malaysia, there must be investors or big funds that truly VALUE what the company could offered.
starting from 8Nov... no other announment except made by the company except the CEO keep on selling his holding BUT the target price & the price itself still intact... i wonder what is going on with this company.... anybody know what is all about???
according to my personal valuation using 50% dividend payout ratio, the stock is worth RM0.48 which is somehow close to the target price established by OSK or TA. if one strongly believe its fundamentals and growing revenue + profit trend, this stock should be on one's radar.
Hi, as i notice, the receivable of skpres is increasing dramatically, from 54,350 at 2011 to 100,886 at 2012 and current year to date at 115,234. Its always not a good sign as high receivable might cause collection problem. I understand as overall its still a fundamentally sound counter but can someone please shed some light on this matter? much appreciated, thanks
obviously, when revenue grew by 60% from 2011 to 2012, it signal increasing orders from larger or new customers, thus to retain their loyalty or for whatever reasons, mgmt might decide to grant longer credit terms to them as seen in the turnover ratio. In brief, larger sales, larger receivables, I would say it is a normal scenario. Likewise, Similar thing happened for PAYABLES where it increased 60% from 2011 to 2012.
by looking at thier strong cash position with no debt and growth prospect which is quite promising,think the entire company should be valued at about RM 800 million. in my view, the chairman sell off and reduce his stake is a good sign. this will increase public float of thier company shares to attract institution investors, or other potential investor which will benefited the company growth.
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....
ysc69
25 posts
Posted by ysc69 > 2012-11-26 17:11 | Report Abuse
what happen to this counter? can anyone explain?