The above Jumior7 is absolutely right where SKPres has stagnated for 2 years while others bulling. It was a torturing 2 years. It is now awake and is harvesting time for long term investors.
Many investors wait for price correction as price shoot up in very short period. Actually we have went through hard time as biz value didnt reflect on share price for past two years. Lately it is good time to look at this counter. Public start to pay attention to it. Many bloggers write about it. The industry is doing well. Competitors, VS share price shoot up. Sooner later- it is SKP turn.... It is just started.... Once the QR is good then the big show start.
Maintain high conviction BUY on SKPRES. SKPRES’ share price has appreciated by +35% YTD as compared to 120% for VSI. As such, this has led to the widening of forward PE valuation of both companies. VSI is currently trading at CY18 PE of 16x as compared to SKPRES’ 12x. Given the laggard performance and cheaper valuation, we are turning more positive on SKPRES as compared to VSI. We believe SKPRES’ valuation gap to VSI will narrow over time, supported by its bright earnings outlook that rides on its key clients’ healthy growth prospects. Furthermore, we expect its margins to improve gradually following the resolution of its foreign labour issue. Margins improvement is also expected from greater economies of scale as it increases production volume over time - AllianceDBS Research 17/10/2017.
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....
necro
4,726 posts
Posted by necro > 2017-10-06 14:58 | Report Abuse
breakout if stay above RM1.55 EOD