just need to focus on current customer with its new PCBA line and pull some order for batt pack which now runs at vs for end year and next year earnings
new MNCs would take years to establish and start contribute like what vs did for keurig
________________________ they have a lot of spare capacity so if Trump really impose tariff on USD200 bil China exports, some MNCs might outsource to Malaysia instead
KUALA LUMPUR: Shares in SKP Resources Bhd are higher at midday after Public Investment Bank, in a strategy report on Tuesday, said the recent selloff looked overdone.
At the midday break, SKP share price was up 4 sen, or 3.2% at RM1.29 - heading into its third day of consecutive gains. Turnover was active with more than 4.1 million shares transacted.
Dealers said the counter started to attract bargain hunters after it fell to a two-year low last week following a weaker-than-expected first quarter results.
The company, on Aug 24, posted a net profit of RM25.8mil in the three-month ended June 30.
While the April-June period is typically a weaker quarter for the company, SKP's first quarter earnings were deemed disappointing at it made up less than a fifth what the market had predicted for the full year.
But despite falling short of its initial expectation, SKP remained a top pick at Public Investment Bank.
The firm said its previous bullish target was largely due to “slight overestimation” in growth prospect. It now has a lower full year net profit target for SKP and a revised target price of RM1.45.
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....
SuperPanda
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Posted by SuperPanda > 2018-08-28 15:54 | Report Abuse
the rebound still not worth to bet, have to stay for a while for support