SKP RESOURCES BHD

KLSE (MYR): SKPRES (7155)

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Last Price

1.06

Today's Change

+0.03 (2.91%)

Day's Change

1.03 - 1.04

Trading Volume

1,691,300


27 people like this.

10,783 comment(s). Last comment by Income 1 week ago

Posted by mysterious99 > 2013-02-27 12:22 | Report Abuse

preety good... i have confident in SKP resources.

hornetsjet

340 posts

Posted by hornetsjet > 2013-02-27 17:31 | Report Abuse

PLastic moulding and injection industries still very demanding, esspecially main customer Dyson is expanding too.

Posted by Alex Leow Sze Shen > 2013-02-27 19:59 | Report Abuse

TP reduced to 0.49 now!

sephiroth

14,145 posts

Posted by sephiroth > 2013-02-27 21:12 | Report Abuse

TP 0.49 still quite ok. I'll be glad if price reach 0.40

Posted by Alex Leow Sze Shen > 2013-02-27 21:22 | Report Abuse

yes, it's correct! I lost a lot on SKPRES-WA recently

sephiroth

14,145 posts

Posted by sephiroth > 2013-02-28 09:40 | Report Abuse

Guess this time the price won't go back to 0.32 as LTH will sapu big chunk if it does

Steve Jub

4,203 posts

Posted by Steve Jub > 2013-02-28 12:24 | Report Abuse

like up and down in this range ya

Posted by mysterious99 > 2013-03-01 16:42 | Report Abuse

why sudden dropped??

necro

4,726 posts

Posted by necro > 2013-03-01 16:43 | Report Abuse

Penny behave pelik...
Cabot...

sephiroth

14,145 posts

Posted by sephiroth > 2013-03-01 16:52 | Report Abuse

No worries, mon i'm gonna grab at 0.32 or below

Posted by Alex Leow Sze Shen > 2013-03-01 16:52 | Report Abuse

wohooo!!! 0.325 now! Shit!!!

necro

4,726 posts

Posted by necro > 2013-03-01 16:54 | Report Abuse

♥♡♥

Posted by Alex Leow Sze Shen > 2013-03-01 16:54 | Report Abuse

Dato OLD GAN sell his shares again!!

Posted by Siew Jian Bin > 2013-03-01 17:23 | Report Abuse

I sapu at RM0.325 just now.

necro

4,726 posts

Posted by necro > 2013-03-01 17:27 | Report Abuse

♥♡♥
:D

Posted by Alex Leow Sze Shen > 2013-03-01 19:42 | Report Abuse

good luck Siew Jan Bin!

Steve Jub

4,203 posts

Posted by Steve Jub > 2013-03-01 20:12 | Report Abuse

why dato also wanna sell? maybe dato also fear GE hehe

reyes430

204 posts

Posted by reyes430 > 2013-03-01 20:26 | Report Abuse

this counter is good, any dip from share price is an opportunity. But somehow it depends on your strategies. If you trade according to chart you might need to monitor closely. But if u see the value, MAYBE its better to keep, good dividend yield tho.. OR maybe DATO knew something we dont know..

sephiroth

14,145 posts

Posted by sephiroth > 2013-03-02 10:20 | Report Abuse

LTH will not simply buy 90mil shares without doing any research. Their only bad apple is THHeavy aka Ramunia. Guess they will push up the price on Monday as they have no time to react for the sudden drop 15 minutes before closing. I will ride the wave as well

skyland

644 posts

Posted by skyland > 2013-03-02 10:25 | Report Abuse

careful...from 10 cent goreng till 0.30++...can drop some more...wait to collect lower

sephiroth

14,145 posts

Posted by sephiroth > 2013-03-02 10:41 | Report Abuse

It's not goreng. When the stk was 10 sen the profit is only a few million bucks. Now the annual profit RM30-40m supported by net cash of 8 sen(RM80m). Profit might slow don 1 or 2 quarters but once they finish increase capacity,it will be a different story PLUS the 50% dividend payout ratio, the yield will be 7% at current price

sephiroth

14,145 posts

Posted by sephiroth > 2013-03-02 10:49 | Report Abuse

The net cash should be 9 sen

reyes430

204 posts

Posted by reyes430 > 2013-03-02 10:54 | Report Abuse

SKPR is impressive with its good FCF,Div Yield,consistent growth on revenue and net profit, Net Cash position and etc. Good fundamental counter and the share price should move up over time if they can keep their profit growing consistently in future. Even if you value its fair price, its intrinsic value is far higher than the price now. Kcchongnz has a good explanation on this.

Steve Jub

4,203 posts

Posted by Steve Jub > 2013-03-02 16:14 | Report Abuse

what is good price to collect then?

pbm8682

124 posts

Posted by pbm8682 > 2013-03-02 21:50 | Report Abuse

if i'm not mistaken, the last calculated intrinsic value >70sen... but since the current price < 50%..... for fews months, i wonder ... how long we can hold on.... ha3!!!

sephiroth

14,145 posts

Posted by sephiroth > 2013-03-02 22:07 | Report Abuse

0.30-0.32 will be a good entry but i doubt it will go below 0.315 as LTH will sapu like there's no tomorrow

sasopi87

641 posts

Posted by sasopi87 > 2013-03-03 20:55 | Report Abuse

tomorrow klci downtrend result from the lahad datu accident

Posted by Buy & Sell Sell & Buy > 2013-03-03 21:30 | Report Abuse

maybe klci go down on Mon, or maybe still maintain uptrend. let d market decide.

sephiroth

14,145 posts

Posted by sephiroth > 2013-03-04 10:33 | Report Abuse

Dato Gan started selling again

hornetsjet

340 posts

Posted by hornetsjet > 2013-03-04 11:18 | Report Abuse

waiting to collect at 0.30 level. XD

Steve Jub

4,203 posts

Posted by Steve Jub > 2013-03-04 11:42 | Report Abuse

wa really down wo today

freonsf

645 posts

Posted by freonsf > 2013-03-04 11:55 | Report Abuse

OMG...how come??

Steve Jub

4,203 posts

Posted by Steve Jub > 2013-03-04 12:10 | Report Abuse

need kcchong to advice

kcchongnz

6,684 posts

Posted by kcchongnz > 2013-03-04 12:46 | Report Abuse

All I know about SKPResources I have expressed here already. Fundamentally I think nothing has changed on the surface. Hope someone in the know let us know if there is any change. I bought some some time ago at 35 sen when someone by the name Shrekk posted it in a thread I initiated. I personally analysed its business and financials. Still keeping. Actually I need advice now. Let me make some wild guesses. Some elite people saw the good business SKP Resources has and they want a piece of the action in the company; get some cheap shares from the major shareholders who has too many. If not I am not going to approve you this and that and your business will suffer. Could it be that the main shareholder is forced to sell so that those elites can benefit? Just take it as a joke, ok?

Steve Jub

4,203 posts

Posted by Steve Jub > 2013-03-04 12:59 | Report Abuse

oh thanks for the info. kcchong. this one is one of my four watch list i plan to get soon :)

Steve Jub

4,203 posts

Posted by Steve Jub > 2013-03-04 13:00 | Report Abuse

today quite high vol

sephiroth

14,145 posts

Posted by sephiroth > 2013-03-04 15:03 | Report Abuse

Guess LTH sapu a lot to push the price from 0.295 to 0.315

reyes430

204 posts

Posted by reyes430 > 2013-03-04 15:07 | Report Abuse

today lowest 0.295, need some advice, how comes such a good fundamental stock will incur such a sharp fall today? those political related counter surge somemore? Election seems to be coming real.

sephiroth

14,145 posts

Posted by sephiroth > 2013-03-04 15:20 | Report Abuse

Bought at 0.315, next target 0.30

reyes430

204 posts

Posted by reyes430 > 2013-03-04 15:28 | Report Abuse

sephiroth,how do you look at this company in term of its future prospect?

sephiroth

14,145 posts

Posted by sephiroth > 2013-03-04 15:37 | Report Abuse

Net profit have been rising for 5 to 6 quarters but might slow for 1 or 2 quarters and then resume uptrend. Just my opinion, cash would have breach RM100m if not for the dividend payout of RM21.15m. I agree with TA rpt "Despite the slight disappointment in 3QFY13 earnings, SKP’s net cash
level remained strong at RM80mn, or 9sen/share as at Dec-12. It was
sufficient to retire all short-term liabilities of RM68.2mn and all longterm liabilities of RM7.1mn"

Steve Jub

4,203 posts

Posted by Steve Jub > 2013-03-04 15:40 | Report Abuse

sephiroth doing accumulation :D

sephiroth

14,145 posts

Posted by sephiroth > 2013-03-04 15:43 | Report Abuse

Yes just like round 1, bought 0.34 sold 0.375, round 2 bought 0.33, 0.32 sold 0.365 and now round 3 bought 0.315 and hopefully 0.30. No need panic selling coz the big funds will gladly absorb your shares. Now recover to 0.32

Steve Jub

4,203 posts

Posted by Steve Jub > 2013-03-04 15:46 | Report Abuse

wa u power hehe

reyes430

204 posts

Posted by reyes430 > 2013-03-04 15:53 | Report Abuse

Thanks sephiroth for your value opinion.

Steve Jub

4,203 posts

Posted by Steve Jub > 2013-03-04 16:26 | Report Abuse

rey u bot?

reyes430

204 posts

Posted by reyes430 > 2013-03-04 16:36 | Report Abuse

what u mean by bot?

Steve Jub

4,203 posts

Posted by Steve Jub > 2013-03-04 16:39 | Report Abuse

bot = bought :)

mikayla26

58 posts

Posted by mikayla26 > 2013-03-04 16:40 | Report Abuse

Better to buy mother share or warrant?

reyes430

204 posts

Posted by reyes430 > 2013-03-04 16:41 | Report Abuse

haha. yes,i bought at quite high price months before.

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