Electronics Manufacturing Services (EMS) as a term used for "companies that design, manufacture, test, distribute, and provide return/repair services for electronic components and assemblies for original equipment manufacturers (OEMs).
FYI Skpres have PCB departments- Printed circuit board.
@xiaoeh I think majority of EMS like VS, SKP, FPI and etc make consumer goods. If the economy picks up and they starts to spend again, they will buy more products that EMS makes.
@nightfly PCB to make boards for the product. Vacuum, dryer and etc all also have circuit board.
Copy from SKP website: Our relationship with our clients is based on absolute trust. SKP boasts a clientele with brands from office automation equipment, IT equipment, audio/visual equipment, home appliances, automotive components, medical equipment, and computer peripherals.
The call auction has a daily volume of transactions but the stock price does not rise. This is an operating technique in the late trading, and it is also a big change in the late trading, which must be paid attention to.
1) Large investors took advantage of the huge trading volume to sell and leave the market 2) When big players sell, there will also be big players who take over. 3) The selling by large investors is deliberate because such opportunities are very rare. 4) A large investor's takeover means appearing at any time and buying it, which means impatient waiting. 5) The sky-volume ratio should be a sky-high price, but the current price is a low price. If there is a big sell-off, there may be an intention to flee the market.
It is said that buying when there is divergence and selling when there is consensus. Today is the performance of buying when there is divergence. However, no matter what stage the stock price is at today, it will further affect the subsequent trend.
"Management has also highlighted the need to widen its customer base, an effort which we gather is bearing some fruit with the recent securing of orders from a new client, though the amount is still currently insignificant."
And RHB said:
"We believe any material new contract win could materialise as early as 2H2024. Our FY25F earnings have taken into account the gradual recovery in existing customers’ volume and new contract wins of MYR100m."
My understanding:
I guess SKP managed to find a new client, probably in testing trial stage. Big or small client, nobody knows. I guess if everything goes accordingly, they will sign firm contract on 2h2024?
Honestly, am thinking of cutting loss. But the only thing holding me back is seeing abrdn investing in a big way. I am sure abrdn have access to the ceo/management and toured the factory. before mynews launch CU, abrdn bought while EPF sold. then with the super long q seen at the first CU store, stock price went up, abrdn sold and took profit.
Yes, abrdn does trade, can be seen with mynews and kossan. They somehow is good with timing. If they are right again, this could mean they know skp is about to announce good news and stock will go up…. Fly… this i dont know… up very likely.
Xiaoeh if you want earn money don't buy high price. Only buy at lower price waiting rebound. Now 0.80 but the QR result not perform well. Why can be sale at 0.80 because operator push high and sale you and run
Let's see if next week has further upside. Once form higher high on weekly candle, will spur more interest. As of now, unless there is reversal in price, this could be the beginning of a nice recovery for SKPRES.
I am just a novice trader, learning better myself. To do so, I plan my trades and am sticking to my trade plan. Market can do what it wants to do, if price drops to my stop loss, I cut. Simple. Time will tell if this price uptick is played out by market operator or not. I have no idea or visibility on that.
This is my video sharing on my trade execution for SKPRES, how I use Stop Limit and Trailing Stop signals to manage risk.
Not right or wrong buy it at low price. But what foresee for this share price is will not let you to buy below 0.80... very strong support... I think stock will push to another new High level soon. At your own risk.
The chart looking good now. Institution will eye for it now and wait for institution to give new target price. Then new block of buyer will come in. Another new record price in the making.
Very normal for EPF for to buy and sell. If the EPF clear position, then you start to question. They still holding 9% Skp shares. Back to your question @Lukesharewalker Last 3 month ago EPF bought in at low price to leverage then lately dispose it for profit taking.
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....
nightfly
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Posted by nightfly > 2024-02-27 11:29 | Report Abuse
Electronics Manufacturing Services (EMS) as a term used for "companies that design, manufacture, test, distribute, and provide return/repair services for electronic components and assemblies for original equipment manufacturers (OEMs).
FYI Skpres have PCB departments- Printed circuit board.