SKP RESOURCES BHD

KLSE (MYR): SKPRES (7155)

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Last Price

1.11

Today's Change

+0.02 (1.83%)

Day's Change

1.07 - 1.11

Trading Volume

3,987,300


27 people like this.

10,782 comment(s). Last comment by Income 1 month ago

Posted by Peter Yoong > 2018-01-12 17:04 | Report Abuse

Dato wants to buy Rolls Royce for CNY mah.

wakarimas

1,043 posts

Posted by wakarimas > 2018-01-12 17:04 | Report Abuse

today trend weird, up to 2.09 up to 2.16. Then drop to 2.00. Fluctuation of 8% .

wakarimas

1,043 posts

Posted by wakarimas > 2018-01-12 17:12 | Report Abuse

USD strengthened by 15% (2016: 23%) (30,801)
USD weakened by 15% (2016: 23%) 30,801
if usd strong , skp untung more. How come?????

Posted by Peter Yoong > 2018-01-12 17:12 | Report Abuse

Hope next week KWAP will come back to sapu.

Posted by Peter Yoong > 2018-01-12 17:16 | Report Abuse

Now USD weak mah, Malaysian Ringgit strong 3.99xx something.

Posted by Low Leong Hin > 2018-01-12 17:18 | Report Abuse

ah huat keep selling this share to cash out...

Posted by Low Leong Hin > 2018-01-12 17:19 | Report Abuse

sure other 7-10 mil sold again daily....

Posted by Low Leong Hin > 2018-01-12 17:20 | Report Abuse

selling like hell falling from sky.....kanasai

csl1991

245 posts

Posted by csl1991 > 2018-01-12 17:21 | Report Abuse

@wakarimas You are reading it the other way round. If USD strengthens, impact on NPAT is lower by rm30mil. If USD weakens, up rm30mil.

I have already clarified earlier that it's because they have borrowings and trade payables denominated in USD. USD weakens means they pay less.

wakarimas

1,043 posts

Posted by wakarimas > 2018-01-12 17:22 | Report Abuse

USD strengthened by 15% (2016: 23%) (30,801)
USD weakened by 15% (2016: 23%) 30,801
if usd strong , skp Lost more. How come?????

sorry, just now wrong typing.

wakarimas

1,043 posts

Posted by wakarimas > 2018-01-12 17:26 | Report Abuse

so by right ringgit up from 4.5 to 4 , 10% increase will contribute 20 million to yearly profit. If divided by 4 quarter, that should be 5 million profit more for SKP quarter report. Last quarter is 46 million profit, then should have 11% more profit from the strong Ringgit trend. Am i correct?

Posted by Peter Yoong > 2018-01-12 17:31 | Report Abuse

I think their sell price to Dyson either quote in SGD or USD. if Ringgit strong, then take home back to Malaysia is less.

Posted by Peter Yoong > 2018-01-12 17:31 | Report Abuse

Dyson is their major customer.

Posted by Low Leong Hin > 2018-01-12 17:36 | Report Abuse

any company y export out will be effected with less earning due weaken USD.....Skpres sure will effected in earning due price quoted in USD, some more with maintain same price whatever change in contract ....short term big impact in unless price agreement was revised

Tradewinds

119 posts

Posted by Tradewinds > 2018-01-12 17:37 | Report Abuse

PE for this industry in upper teens and twenties. KWAP (substantial shareholder) and EPF (major but no more substantial shareholder) just stand aside watching Dato dump his shares to who?

Posted by Low Leong Hin > 2018-01-12 17:38 | Report Abuse

anyway I'm sure Huat was taking profit , CNY too....beside play safe due strong RM

Posted by Low Leong Hin > 2018-01-12 17:41 | Report Abuse

no clear direction of this counter start today....watch up the share moving and pumping in with right time....no more uptrend as b4 any....

Tradewinds

119 posts

Posted by Tradewinds > 2018-01-12 17:45 | Report Abuse

Isn't Dyson factory in JB although its a UK Company? So SKP supplies parts to a local based factory, shouldn't invoices be denominated in RM?

wakarimas

1,043 posts

Posted by wakarimas > 2018-01-12 17:56 | Report Abuse

so what is the conclusion of the effect of strong RM to SKP ???? Good or bad????

Posted by Low Leong Hin > 2018-01-12 18:23 | Report Abuse

SKPRES-CE....Maturity Date....25/01/2018..Exercise Price 1.20...price shape drop could be related to this......???

Posted by Alex Leow Sze Shen > 2018-01-12 19:05 | Report Abuse

I can confirm to be careful, bearish breakout ady taken place...popi popi me win back my car!

Tradewinds

119 posts

Posted by Tradewinds > 2018-01-12 19:06 | Report Abuse

Conclusion: stronger RM or weaker USD, better profit as gathered from previous FY reports. Company fundamentals have not changed so can expect a continuation of uptrend soon. BBs not gonna stand aside for too long cos the accumulators will need to make some money soon. Need money for war chest ma!

Posted by Alex Leow Sze Shen > 2018-01-12 19:08 | Report Abuse

Long term surely good ..... but for short term, try avoid especially contra players!

Abismail

651 posts

Posted by Abismail > 2018-01-12 19:45 | Report Abuse

Their order book very strong.

Dakewlest

1,755 posts

Posted by Dakewlest > 2018-01-12 19:52 | Report Abuse

One analyst like this stock because strong order /contract from Dyson

Money

233 posts

Posted by Money > 2018-01-12 21:35 | Report Abuse

What's the purpose kwap bought a lot above rm2????or somebody push down price to let them reenter again???

micsoh

1,174 posts

Posted by micsoh > 2018-01-12 22:03 | Report Abuse

Maybe some big fish sell to buy other potentials stock, wait for rebound.

vinc3nt

407 posts

Posted by vinc3nt > 2018-01-13 00:43 | Report Abuse

now see back, lucky to sold all at 2.28 few days ago

Money

233 posts

Posted by Money > 2018-01-13 11:21 | Report Abuse

Drop 15% in 4days.... Can consider oversold?????

Posted by Johnson Wong > 2018-01-13 12:23 | Report Abuse

top up top up. will rebound.

Bigbull99

1,104 posts

Posted by Bigbull99 > 2018-01-15 09:21 | Report Abuse

Something is wrong internally. A good stock won't drop this much. Must be a bad result coming.

Posted by Dalim Hossain > 2018-01-15 09:34 | Report Abuse

Always remember we are small ikan bilis.

Big shark sure do analysis and they just went in big time recently. So this big sharks sure will make sure the price go up .

So don't be so emotional and also fall in love with any stocks

m_aloha

607 posts

Posted by m_aloha > 2018-01-15 09:34 | Report Abuse

Sentiment in weaker Ringgit causing panic sell

m_aloha

607 posts

Posted by m_aloha > 2018-01-15 09:35 | Report Abuse

Stronger ringgit

hooi72

112 posts

Posted by hooi72 > 2018-01-15 10:02 | Report Abuse

heard that some fund manager profit taking.so drop like hell.

godhand

1,944 posts

Posted by godhand > 2018-01-15 10:10 | Report Abuse

not a good TA warning

zoomsbooms

783 posts

Posted by zoomsbooms > 2018-01-15 10:22 | Report Abuse

surely this is quite bad..my my..unload some..

Posted by Johnson Wong > 2018-01-15 10:26 | Report Abuse

faint already @@ hehe

Posted by Alex Leow Sze Shen > 2018-01-15 10:27 | Report Abuse

Something is brewing!

Posted by Johnson Wong > 2018-01-15 10:27 | Report Abuse

buy on weakness

Posted by Low Leong Hin > 2018-01-15 10:38 | Report Abuse

could drop to 1.80 if the call warrant still not drop below 0.4 ....this happen to Henyuan too....same senerio....call warrant issue.....sorry If I'm wrong here
...

Bigbull99

1,104 posts

Posted by Bigbull99 > 2018-01-15 10:45 | Report Abuse

I'm out too, awaiting for it stable first before entering again.

Ninetales

57 posts

Posted by Ninetales > 2018-01-15 10:47 | Report Abuse

unload all... shxt...

Bigbull99

1,104 posts

Posted by Bigbull99 > 2018-01-15 10:52 | Report Abuse

Too pain for me to go on. Something is definitely brewing. If you plan to hold longer than 3 quarters, can close eyes. For those shorter than 3 quarters I think better unload. This drop definitely indicates something. Especially when CG drop much more than it supposed to.

Posted by Low Leong Hin > 2018-01-15 10:55 | Report Abuse

after Call warrant de-list from 25/1......bank still big big lose...they have to press down the price to 0.15 only even..or make more mother share price drop...

Posted by Peter Yoong > 2018-01-15 10:57 | Report Abuse

I guess some profit taking by fund manager, same time they will press down to very low price for collection.

Posted by Peter Yoong > 2018-01-15 10:59 | Report Abuse

I believe the fundamentals of the company is still intact, Dyson order is booked to 1 billions so no need to worry.

Posted by Peter Yoong > 2018-01-15 11:00 | Report Abuse

The coming quarter report is still in good profit. Why we want to sell down to benefit the big sharks?

Posted by Low Leong Hin > 2018-01-15 11:00 | Report Abuse

cool down after 25/1 ....sunshine day again....mother share + CW must drop to save bank lose in Call warrant issue...my personal option....

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