Skp is also big size ems company and foresee more contract coming due to covid 19. Malaysia has good condition over other country. Skp can be the next VS
Vs reject many customer due to full capacity. These customer will go to skpress eventually. Buy at current price is good bet. Once break 1.6, will shoot to 2 and more
In quarter report, Board is optimistic to achieve "PROFIT GROWTH" in coming year and expect "revenue to increase" in coming quarters. SKPRES was indeed doing a better job than VS during MCO period but share price increment is still losing to VS due to secured of a new contract.
One key decision which the group made in FY 2020 was to invest and install new capacities for the future. In total, the Group invested RM 100 million in FY 2020 including plants, machineries, Surface-mount Technology (“SMT”), robotic spray facilities to cater for both EMS and non EMS sector.
Last year, we reported that we had purchased a new factory adjacent to our current Johor Bahru operation plant. In this regard, we have successfully commenced operation in this new factory and we have achieved a vigorous record setting time of 3 months from the handover in May till August when we first started mass production. We have thus far invested approximately RM 50 million in this set up which houses one of the most advance injectionmoulding facilities coupled with energy savings machineries and full fledge robotic automation. This new factory iscurrently operating at 80% capacities and we are reaping the benefits in terms of high yield efficiency, reduce energy consumption and reduction in manpower usage. This has always been our ethos and I am glad that these strategies have materialised and serve the group well which ultimately help us achieves a higher margins.
On top of these developments, SKP BM Electronics Sdn Bhd (“SKP BM”) which provides PCBA solutions to our clientele have also started its maiden business delivery to our own in-house floor care products.
Notwithstanding this, this new division is also expected to contribute positively to our group revenue and earnings in the coming years. SKP BM are currently working on several new products to cater for our own in-house consumption and one key area of focus is the assembly of battery pack which is targeted to launch in FY 2021. These developments are progressing steadily.
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....
ARCBEETLE
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Posted by ARCBEETLE > 2020-08-06 11:56 | Report Abuse
Even without the mask making biz, the EMS earnings alone is more than sufficient to hold out itself..