Posted by k6ii > 2019-10-18 10:39 | Report Abuse

MingGoon: Congratulation....

Posted by MingGoon > 2019-10-20 17:13 | Report Abuse

Salutica , new Bluetooth chipset promised to rectify the connectivity issue, this will be a boost towards generating more orders

Just two weeks into the launch, the new earbuds have earned a reputable rating of 4 to 4.5 stars on top technology reviewers TechRadar, WIRED, Android Central and CNET.

“Feedback indicated that the new earbuds surpassed market-leading brands from the US and Denmark in its size (compact), battery life (longer) and audio quality (better).

“We foresee Customer A making up lost ground with the new earbuds that allow L/R simultaneous connection to the audio source for a more stable connection.”

Meanwhile, US and Denmark rivals are still using conventional master/slave connection that relies on cross-head Bluetooth transmission, which is prone to connection drops.

“Moreover, Customer A’s earbuds run on Bluetooth 5.0, while its rivals are still on Bluetooth 4.0, ” it said.

AmInvest Research pointed out that seeing little hope for the US-China dispute easing, Customer A has begun to move production of certain computer mouse models from Suzhou, China to Salutica.

These are everyday use wireless mouse and are mostly sold to the US.

There are a total of four models being passed on to Salutica.

The first model has commenced production in July 2019 while the remaining three are slated to begin production in second quarter FY20. The volume for mouse production is seven times larger than that for headset.

“We envisage the non-seasonality of everyday mouse to cushion the off-season dips of headset production, particularly in Q3 and Q4. This will help to the company avoid negative surprises.

“We forecast sales from mouse production to contribute 46% of the group’s revenue in FY20F while headset contributes 48%.

“However, contribution from the new earbuds and mouse production will be captured in FY20. Currently, Salutica is trading at a discounted one-year forward PE of 11times, representing a 27% upside to our fair value, ” AmInvest Research said.


That's why Salutica shares keep on going a new high.

Posted by MingGoon > 2019-10-20 17:19 | Report Abuse

Customer of Salutica earbuds run on Bluetooth 5.0, a new tested reliable tech from Salute.
US-China dispute easing, Customer A has begun to move the production of certain computer mouse models from Suzhou, China to Salutica. These are everyday use wireless mouse and are mostly sold to the US.
This means higher revenue for Salute as customer A china business has been transfered to Salute factory in Perak.
That's why Salute each day got high volume of buyers.

Small investors, sell, and these are being bought of big investors..
That's why Salute keep on up its price.
Cheers all Salutitians.

Posted by Nepo > 2019-10-20 19:15 | Report Abuse

The interesting part is that directors have stopped selling since Aug 2019 despite the price has raised double.

Posted by human > 2019-10-20 21:11 | Report Abuse

Salutica is a rare small form electronics vertical integrated manufacturers. Not sure how to evaluate such company in Malaysia market since no other similar listed malaysia competitor. There are other odm and oem manufacturers which is more focus on manufacturing.

Posted by MingGoon > 2019-10-21 10:10 | Report Abuse

Nepo - The directors sold in Aug 2019 to a big time local investor, who buy into Salute
This local investor is very well known to buy into good strong growth company while it is still cheap
Once 2019 annual report out, we shall all see who is the new investor who the directors sell too
Bear in mind, the directors father and son sell to this big local investor
Something ,must be brewing

Posted by MingGoon > 2019-10-21 10:12 | Report Abuse

Salute engine warm and starting again today...
Next new high will be soon for Salute
Congrats to all those Salutitian who collected last week during the price correction
Salute you all, cheer
Salute near TP1 coming soon, once cross this next TP1.3

Posted by Steven Wong > 2019-10-21 12:11 | Report Abuse

What is the realistic target price? Thank for sharing info.

Posted by RobertFong > 2019-10-21 13:43 | Report Abuse

If you look at the historical price of Salute, it hit $1.80 before. So, that give you some impression of possible TP for salute.

Posted by RobertFong > 2019-10-21 13:45 | Report Abuse

Steven, salute is vertically integrated manufacturer, primarily focused on Bluetooth wireless devices with capabilities and expertise to carry out a full product development lifecycle, from product design, product development, product testing/ prototyping, product commissioning to manufacturing and assembly as well as sales and marketing.
If you think bluetooth earphone has potential, then Salute should, logically, has potential too.

Posted by RobertFong > 2019-10-21 13:47 | Report Abuse

What makes it more interesting is that, Salute has 96 mil net cash, it pays out RM 2.4 mil (DPS = 0.6 cents) per quarter. Conclusion: I thinks it's capable to pay consistent dividend. Potentially higher DPS after its business pick up. So, need patient to keep this equity.

Posted by Steven Wong > 2019-10-22 10:04 | Report Abuse

@RobertFong Thanks for the info.

Posted by macOS > 2019-10-22 16:42 | Report Abuse

Towards the upside, the immediate resistance is at the RM1.00 level. This is followed by the RM1.10 threshold

Posted by Nepo > 2019-10-22 20:42 | Report Abuse

Healthy correction, prepare to move forward again

Posted by Nepo > 2019-10-24 14:55 | Report Abuse

I see, Cold Eye and Tan Teng Boo (Icapital Bhd founder), two big sifus also invest in Salute.
Icapital Bhd average cost is around RM 1.30, cold Eye may be far far lower, may be RM 0.60..
Look like Salute is suitable for long-term

Posted by MatBum07 > 2019-10-24 15:04 | Report Abuse

buy buy....going up

Posted by MingGoon > 2019-10-25 10:17 | Report Abuse

Salute 0.985 ... Congrats all

Posted by Hew Kiong Peng George > 2019-10-25 22:53 | Report Abuse

cold eye hold 10360 lots

Posted by Nepo > 2019-10-26 08:48 | Report Abuse

Vitrox and Unisem quarterly result go into the drain, but these are tech stock. If Salute is also tech stock, then need to beware...but different stocks have different fundamentals..

Posted by Nepo > 2019-10-26 09:10 | Report Abuse

Respecting Cold Eye,Knowing that he has bought in a big chunk of Salute (10,360 lots), Maybulk (10,000 lots), Armada ( 30,000 lots) and Jtiasa (around 10,000 lots)

Posted by human > 2019-10-26 10:42 | Report Abuse

The company 2016 IPO year profit is the highest then earning drop yearly till now, last report mentions new headset launch and possible new products production.
the next 2 quarters reports are crucial EU and USA holiday orders production report card.
Any sign of profit recovery will be reflected.
Mr Fong is good at identifying recoveries and profit growth companies, his substantial stake increase within 1 year could or could not be action anticipating the company profit recovery.
Salutica has growth potential simply because the company spend resources on R&D.

Posted by human > 2019-10-26 11:06 | Report Abuse

Comparison to Vitrox and Unisem is false due to the facts that the business model and industries are difference.
Unisem business is low technological value added services for testing and assembly while Vitrox is inspection equipments supplier.
Unisem business well being reference to semiconductor industries.
Vitrox dependence on investment of company and production line growth, with current political uncertainty, trade war threat, most business do not invest.
Salutica is one stop consumers electronics technology company.
Recent new product launch and new products manufacturing contract could be possible profit growth.

Posted by cat lim > 2019-10-26 15:39 | Report Abuse

Tp 2

Posted by Nepo > 2019-10-27 20:22 | Report Abuse

Sept 2019 quarterly report is crucial determining factor in deciding the future pricing direction..

Posted by Nepo > 2019-10-30 14:18 | Report Abuse

Buy in some shares today, hopefully to make some gain...

Posted by ddd ccc > 2019-11-01 16:13 | Report Abuse

With this stock? Of course

Posted by Nepo > 2019-11-01 16:14 | Report Abuse

•We maintain our BUY recommendation on Salutica with a higher fair value of RM1.06/share (previously RM0.61/share) pegged to a rolled-forward FY21F PE of 14x. We have increased our FY20F–FY22F earnings forecasts by 20-28% to account for higher order forecasts from Customer A after visiting the group’s Ipoh plant recently.

https://klse.i3investor.com/servlets/ptres/52779.jsp

It look likes the Salutica's mgt invited AmInvest investment officers to visit it group's Ipoh plant ...

Posted by Dato Seri John Lu > 2019-11-01 16:24 | Report Abuse

Salute go go go

Posted by cat lim > 2019-11-01 20:52 | Report Abuse

Going one on Monday. Strong buy

Posted by human > 2019-11-04 09:40 | Report Abuse

This aminvest analysis a bit short sighted.
Aug 2019 rating is 0.61 fair, within less than 3 months then rating is 1.06.
Is this analysis report toward trading or investment?
Seldom investment call upgrade so drastically of approximate 80% from last call within 3 months.
What would this analysis write after the next company qtr report?

Posted by cat lim > 2019-11-04 21:58 | Report Abuse

Strong sink today

Posted by human > 2019-11-05 09:42 | Report Abuse

Salutica is export oriented company.
Sometimes the share price follow USD strength against RM.

Posted by Nepo > 2019-11-05 18:01 | Report Abuse

Still not bad, hold at RM 0.93, I.e. the operator is still support the price.

Posted by kitzming > 2019-11-05 21:21 | Report Abuse

Customer A is who ? any 1 know ?

Posted by MingGoon > 2019-11-06 11:31 | Report Abuse

Nepo : " Respecting Cold Eye,Knowing that he has bought in a big chunk of Salute (10,360 lots), Maybulk (10,000 lots), Armada ( 30,000 lots) and Jtiasa (around 10,000 lots)
26/10/2019 9:10 AM "

Nepo : where you find the information that Cold Eye has bought Salute, Maybulk , Armada, and Jtiasa , and also the lots that he bought.

Appreciate your sharing Nepo.

Posted by MingGoon > 2019-11-06 11:46 | Report Abuse

Salute is dropping now, investors waiting to see Salute coming to be release Qtr result - Target date Nov 26

Salute in the long term is good growth stock.
The new projects and the customer A : this will be potentially capture in next next Qtr result, and most probably will not be captured in Nov 26 to be result.

What will be Salute financial results in Nov 26 ? Your guess is as good as my guess, that's why you are seeing Salute price dropping. People are worry, and choose to wait and see, as obviously Nov to be release result will not be include the new projects and new customer A order ( as it takes time to manufacture too), but the Feb 2020 to be released Financial should be good

If Salute price drop more, then this represent a good opportunity to buy, at this price Salute might be consider expensive. Let's wait and see !

Posted by Nepo > 2019-11-06 14:49 | Report Abuse

@MingGoon, from the latest Annual Account (see the pages written with the 30 largest shareholders) of the respective companies.

For Jaya Tiasa Bhd, he had sold partial/all (not sure about this) Jaya Tiasa shares, now he is NOT 30 largest shareholders of the company

New Company that Cold Eye hold is Mui Properties Bhd, also one of the 30 largest shareholders
06/11/2019 2:49 PM

Posted by MingGoon > 2019-11-07 09:28 | Report Abuse

Thanks for sharing Nepo. Appreciate this.

Posted by cat lim > 2019-11-07 15:10 | Report Abuse

support all broken, going back to 0.8

Posted by Lauyw > 2019-11-07 15:14 | Report Abuse

Game over back To 0.755

Posted by cat lim > 2019-11-07 15:21 | Report Abuse

this is GG not correction

Posted by cat lim > 2019-11-07 15:30 | Report Abuse

so ? he is in salute doesnt mean salute will not GG

Posted by cat lim > 2019-11-07 15:30 | Report Abuse

even buffet loss money in stock like ibm

Posted by noobbie > 2019-11-07 16:41 | Report Abuse

saluteeee saluteee salutee mr general

Posted by Davino Can > 2019-11-07 16:59 | Report Abuse

Oh my god why drop so much,

Posted by Davino Can > 2019-11-07 17:04 | Report Abuse

Target 70 kupang ni

Posted by BeginnerLearner > 2019-11-07 17:22 | Report Abuse

I've bought in at 0.95 and though it hurts a lot, it's time to let go. There's no bad news yet it dropped significantly hence it sounds risky.

Posted by BeginnerLearner > 2019-11-07 17:35 | Report Abuse

To be honest I hope so Kent, tomorrow will tell better.

Posted by Kent Yiew > 2019-11-07 17:36 | Report Abuse

Just a due correction after it goes up so much since July. Same things happened to Armada, Dayang and Uzma

Posted by Kent Yiew > 2019-11-07 17:45 | Report Abuse

BeginnerLearner your buying price abit high. Might need to hold longer term as it has factored in current good news