Posted by flyingtomoon2020 > 2020-11-12 22:49 | Report Abuse

Salute gogogo

Posted by flyingtomoon2020 > 2020-11-12 22:49 |

Post removed.Why?

Posted by lowbuyhighsell > 2020-11-14 11:31 | Report Abuse

Buy

Posted by hkhk > 2020-11-14 16:55 | Report Abuse

bro LKSGSH, any big news to share

Posted by harry_7 > 2020-11-16 21:15 | Report Abuse

Slowly coming

Posted by huiwen88 > 2020-11-16 22:34 | Report Abuse

Something is coming big or small?

Posted by Nepo > 2020-11-17 19:54 | Report Abuse

Hopefully not self dreaming that sth is coming..

Posted by lowbuyhighsell > 2020-11-19 14:01 | Report Abuse

QR I don't thing is loss making lo...

Posted by Nepo > 2020-11-21 08:15 | Report Abuse

@LKSGSH
Look like u are very optimistic about this co..

Can u with us some valuable info..

Posted by michaeso > 2020-11-22 22:48 | Report Abuse

Good buy

Posted by lowbuyhighsell > 2020-11-23 11:49 | Report Abuse

buy

Posted by lee901 > 2020-11-23 15:17 | Report Abuse

Agm so so.
Delay in product launching.
Prospect weak going forward.

Posted by davidkkw79 > 2020-11-23 17:38 | Report Abuse

Kena Covid-19 Salutica ! https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3107100

Posted by Khoo810 > 2020-11-23 19:20 | Report Abuse

After mco lifted... Many factories return to green profit.
But this salute still can big red.
Somemore... ..with staff got covid.... Production further impacted.

Posted by morivae > 2020-11-23 20:35 | Report Abuse

The ONLY positive is revenue growth, ALL OTHERS negative.....

Posted by Khoo810 > 2020-11-23 22:19 | Report Abuse

KUALA LUMPUR (Nov 23): Ipoh-based electronics manufacturer Salutica Bhd said a number of its production workers have tested positive for Covid-19.

Salutica is best known as a vertically integrated manufacturer of wireless Bluetooth headset products for an American-Swiss peripheral device giant.

In a filing with Bursa Malaysia today, the group said it has immediately closed the affected production areas for deep cleaning and sanitisation, and the affected production workers have been quarantined.

The group did not disclose the number of workers that tested positive for Covid-19.

Salutica said disinfection exercises, the wearing of face masks and social distancing will continue to be strictly put in place, adding that employees will be allowed to work from home for two weeks as a precautionary safety measure.

"We will continue to work closely with relevant authorities and follow the standard operating procedures from the Ministry of Health and the National Security Council to ensure the safety of our employees," it said.

The ministry today announced that Malaysia's Covid-19 cases hit a new high of 1,884 in the 24 hours as of noon, with Selangor accounting for 1,203 cases.

Salutica's shares slid 2.5 sen or 5.49% to 43 sen today, valuing the group at RM166.84 million. Year-to-date, the counter has come down by 46% from 93 sen.

https://www.klsescreener.com/v2/news/view/756981

Posted by Shadow Fiend > 2020-11-23 23:53 | Report Abuse

Fundamental of SALUTE has changed from bad to worse, operating cash flow has been negative last few years and directors sold million of shares during 2018 - 2019 and never buy back. Not a good sign.

Posted by Nepo > 2020-11-24 08:31 | Report Abuse

Very bad company.
======================================================================
Review of performance

(i) Revenue

The Group’s revenue for the current quarter jumped 73.7% to approximately RM56.1 million
compared to approximately RM32.3 million for the corresponding quarter in 2019. Computer
peripherals contributed 67.0% to the revenue while Bluetooth headsets contributed 27% with the
balance 6.0% contributed by in-house brand FOBO and other non-Bluetooth products such as
plastic parts for light guides, fingerprint readers and camera sub-parts.

(ii) Profit/(Loss) Before Taxation (“PBT”/ “ (LBT)”)

The Group posted LBT of approximately RM4.9 million for the current quarter under review
compared to LBT of approximately RM3.2 million in the corresponding quarter last year, an
increase in loss of RM1.7 million. The loss was mainly attributed to change in sales mix with
higher revenue from lower margin products.
For the current quarter, the Group had incurred approximately RM0.9 million on products that are
in various stages of product development compared to approximately RM0.2 million for the
corresponding quarter last year. Meanwhile, a total of RM0.1 million was spent to comply with
standard operating procedures (“SOP”) guidelines from Ministry of Health (“MOH”) and National
Security Council (“NSC”) to contain the Covid-19 outbreak. Th



Prospects

The current Covid-19 situation has created an unprecedented challenge for businesses globally.
The Group will continue to monitor closely the situation and mitigate its impact to business
operations. Operational efficiency and effectiveness are key areas which the Group emphasises to
improve its financial performance.

At the same time, the Group will strive to strengthen its core competencies in its product
development roadmap while taking proactive steps to plan with appropriate financial mitigation to
improve the Group’s financial resilience. However, the Board expects that the overall prospect for
the Group to be challenging arising from the Covid-19 pandemic affecting the global economy.

Posted by Nepo > 2020-11-24 12:33 | Report Abuse

sell..cut loss..

Posted by CWYeong > 2020-11-24 12:57 | Report Abuse

GG salutica, today come out covid cluster. Better run first. Factory shutting down like top glove

Posted by ViWizard > 2020-11-24 14:17 | Report Abuse

lousy stock

Posted by Investeye > 2020-11-24 15:42 | Report Abuse

A leak from some posting in facebook revealed 4 covid cases (photo of their company circulated memo) was matched with the cases reported in mysejahtera yesterday (just key in the company name will check no. of cases within 1 km radius from the check point). Today, mysejahtera was updated to 19 cases !!

Posted by Khoo810 > 2020-11-25 08:55 | Report Abuse

Salutica same fate like topglove.
Production line halted for weeks.
Expecting bigger red earning coming.

Posted by Nepo > 2020-11-25 16:24 | Report Abuse

Any hopes for this co?

Posted by huiwen88 > 2020-11-25 19:14 | Report Abuse

Where is LKS?something is coming is what?Shut down production?

Posted by pang72 > 2020-11-25 19:56 | Report Abuse

Rugi lagi!!!

Posted by tan81 > 2020-11-26 08:49 | Report Abuse

Production stop for 2-4 week, expecting coming earning will be bad as well.

Posted by Hotstuff > 2020-11-26 12:23 | Report Abuse

some more they stop paying dividends like they used to be. they took away the only reason to buy their stock

Posted by birkincollector > 2020-11-30 20:31 | Report Abuse

alot of new cases in the factory...

Posted by Investeye > 2020-11-30 22:36 | Report Abuse

LKSGSH, something interesting happened base on latest news from our Senior Minister Datuk Seri Ismail Sabri :
KUALA LUMPUR: Zone A of Taman Klebang Jaya and Taman Pinji Mewah in Ipoh, Perak, have been placed under Enhanced Movement Control Order (EMCO) from Dec 1 to Dec 14.
This was after both locations showed a sharp increase in Covid-19 numbers among workers in the Kamiya and Salutica factories located in the two areas.
Senior Minister (Security Cluster) Datuk Seri Ismail Sabri said the EMCO was imposed as the factory workers live in the residential area.
He also said that 737 workers were screened at Salutica which unearthed 119 positive Covid-19 cases, while another 618 were waiting for their results. Of the number 89 of them were from Taman Pinji Mewah.
https://www.nst.com.my/news/nation/2020/11/645594/emco-imposed-taman-klebang-jaya-taman-pinji-mewah

Posted by VenFx > 2020-12-02 07:58 | Report Abuse

Salutica sawatikap
0.440 below very good for low base accumulation.

Strictly not recommended for shorterm traders and impatient Speculators.

Posted by Kimly2 > 2020-12-02 09:42 | Report Abuse

Donald VenFx, your cost 0.8 leh, sure u need long term de loh


VenFx Salutica sawatikap
0.440 below very good for low base accumulation.

Strictly not recommended for shorterm traders and impatient Speculators.
02/12/2020 7:58 AM

Posted by lowbuyhighsell > 2020-12-02 09:55 | Report Abuse

0.440 below buy

Posted by Nepo > 2020-12-04 18:29 | Report Abuse

The only positive about this co is the mgt tries very hard to make money. This can be verified from the increase in turnover to manufacture low profit product (mouse production) to mitigate the loss in the revenue from the sales of tws Bluetooth.
In my opinion, the success of this co depends on its innovation in its tws Bluetooth technology. You may have an extreme case..either you may loss your underwear or earn handsome return..

Posted by huiwen88 > 2020-12-08 18:25 | Report Abuse

Any idea why the price still not down?

Posted by coolpe19 > 2020-12-09 10:01 | Report Abuse

because who ever holding still believe the price will going up.

Posted by Nepo > 2020-12-09 11:02 | Report Abuse

@ coolpe19, you have exactly point out the situation.. include Cold Eye and Icap Bhd

Posted by MingGoon > 2020-12-16 11:00 | Report Abuse

Salute... something brewing soon.
I am collecting now at cheap price.

Posted by MingGoon > 2020-12-16 11:01 | Report Abuse

Cold Eye ... big major shareholder

Posted by MingGoon > 2020-12-16 11:01 | Report Abuse

5G ... Bluetooth coming in a big big way.
Salute collect now..

Posted by MingGoon > 2020-12-16 11:02 | Report Abuse

Someone is slowly and surely collecting salute day by day at this cheap price

Posted by lowbuyhighsell > 2020-12-16 14:06 | Report Abuse

Just buy

Posted by MingGoon > 2020-12-17 09:31 | Report Abuse

Salute going stronger and stronger

Posted by SunKim > 2020-12-17 09:36 | Report Abuse

5G bring positive to Salutica

Posted by SunKim > 2020-12-17 09:40 | Report Abuse

price ready going up .. In recovery stock portfolio..

Posted by MingGoon > 2020-12-17 10:42 | Report Abuse

Once upon a time.
When news announced, price all jack up
Soon......

Posted by Baby Shark > 2020-12-31 11:30 | Report Abuse

Don't play play.. dis company rugi besar, must sell at any price

Posted by michaeso > 2021-01-03 19:09 | Report Abuse

Up on the way

Posted by morivae > 2021-01-05 12:02 | Report Abuse

hahaha, this market doesn't care about whether the company making money or losing money. They only care about the PROSPECT

Posted by SpicyMcDeluxe > 2021-01-05 14:44 | Report Abuse

kekw