Posted by PureBULL ... > Feb 5, 2021 8:19 AM | Report Abuse X
EMS.theme.play : foreign ones like FPI, PIE r edi high up in the new blue sky. Local EMS in VS, SKPRES, ATAIMS have 1st sign of BO but retreated. in some VS, 270-69 n SKPRES, 230-29 yesterday Feb 4th.
ATAIMS has a SPECIAL day called the grand BO > 250 Close price of VS > 277 n SKPRES > 232 = all 3 EMS stocks enter Form 1 for the 1st day n to score all the way to Form 6...
05-Feb-2021 Insider KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) disposed 1,967,500 shares on 04-Feb-2021. 04-Feb-2021 Insider KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) disposed 200,000 shares on 03-Feb-2021. 03-Feb-2021 Insider KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) disposed 1,640,100 shares on 02-Feb-2021. 03-Feb-2021 Insider KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) disposed 90,000 shares on 02-Feb-2021.
Today big shark still dumped a lot of shares for ikan bilis to buy although share price up +0.02. Wondering why big shark keeps dumping... QR is coming out soon... QR not good?
SKPRES : take note again if u have this stock, u need in multiple of 2000 shares to avoid odd lots for 1:4 BI n 1:5 free Warrant
I believe this is well advised by good experienced ib in corporate advisory.
AIG or AIA in its heyyears b4 sub-prime crisis 2008/09 by ceo maurice greenberg, a yahudi was so smart in BI: AIG was like run mechanically. I saw from friend who showed me the 3 letters by greenbird on its BI. On that 3 occasions, the letters were worded all the same except the ratio of BI. Strategically, greenbird grew AIG double in issue share cap in 5 yrs n each time after BI the stock price went up to $120 again. with simple small BI ratio, it never distract the price charts during the ex date of BI n most importantly maintain the strong structure of die-hard s/holders for LIFE.
3QFY21 NP of RM43.5m (+72% YoY) brings 9MFY21 NP to RM97.6m (+42% YoY). We deem the results to be within expectations, representing 80% and 78% of our and consensus forecasts, respectively. SKP has won 2 out of 3 bids for new products and is likely to win the third one to secure a 100% winning rate. To take on new projects, SKP will be building a new plant in Johor Bahru by year-end and has put in order for a third PCBA line. Current workforce is sufficient for new product wins. We upgrade our call to OUTPERFORM with a higher TP of RM3.00.
Within expectations. 3QFY21 NP of RM43.5m (+72% YoY) brings 9MFY21 NP to RM97.6m (+42% YoY). We deem the results to be within expectations, representing 80% and 78% of our and consensus full-year forecasts, respectively.
Results highlight. YoY, 3QFY21 NP climbed 72% to RM43.5m on a 29% increase in revenue to RM713.3m as the group secured higher order volume from key customer, in line with the increased consumer spending on household items. Cumulatively, 9MFY21 NP jumped 42% to RM97.6m while revenue increased 31% to RM1.84b. QoQ, 3QFY21 numbers was largely on par with 2QFY21, retaining the same lucrative NP margin of at least 6%.
New model wins. The group was invited by its key customer to tender for 3 products that will be rolled out this year and so far the group has won 2 of them (household and hygiene products), exhibiting a strong win rate for SKP. Both products will start production in April 2021 and Dec 2021, respectively. With the group’s strong track record of optimising current production and PCBA lines with excellent yield rates, SKP stands a good chance to secure the third product to seal a 100% winning rate.
New factory by end-2021. Existing products are running near maximum level and capacity is getting tight as order pipeline remains strong, in line with key customer’s direction to double product portfolio by 2025. SKP has acquired a piece of land for RM14m in Johor Bahru and set aside RM45m for the construction of a new plant which is slated to be completed by Dec 2021. In addition, the group has put in an order worth RM6m for its third PCBA line to take on the new battery pack assembly contract from its key customer. The group has sufficient labour to take one these new projects as it recently recruited approximately 278 new foreign workers who were laid off from a nearby plant that recently ceased operations.
Maintained FY21E forecast but raised FY22E NP to RM161.8m, factoring in new wins from key customer.
We upgrade our call to OUTPERFORM from MARKET PERFORM with a higher Target Price of RM3.00 based on higher 23x (previously 16.2x) rolled-forward FY22E PER, representing +2SD to 3-year mean.
Risks to our call include: (i) lower-than-expected orders (ii) higher input costs, and (iii) single customer concentration risk.
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....
Zekai1999
25 posts
Posted by Zekai1999 > 2021-02-02 14:58 | Report Abuse
Rumour normally bring people to Holland..