always look at one time big contract....be careful...tech cycle is at the end...those fund buy/sell is just right left hand transfer in order to create liquidity...overall they already eat big...dont follow them =)
Valuation becomes compelling. We make no major changes to our earnings forecasts post-3QFY18 results. Our DCF-derived TP is maintained at MYR2.17, which implies a 15.5x P/E FY19F. That represents a discount from the implied FY19F P/E of 18x for VS Industry (VSI MK, BUY, TP: MYR3.58), which has a more sizeable market capitalisation and diversified customer base. SKP’s recent share price correction has presented an opportunity for investors to accumulate the stock at a more reasonable valuation with the stock now trading at 13.5x P/E FY19F (below +0.5 SD over 5-year mean). Upgrade to BUY. Risks to our recommendation include lower-than-expected new orders and a delay in the new production line rollout.
Fabien Extraordinaire When their Printed Circuit Board Assembly business starts to show higher contributions then that can be the next growth driver. --> I Agree
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....
Alex Leow Sze Shen
5,009 posts
Posted by Alex Leow Sze Shen > 2018-02-22 15:37 | Report Abuse
In the end, sellers win!