Posted by Alex Leow Sze Shen > 2013-11-25 09:17 | Report Abuse

LOUSY SHARE NOW!

Posted by JT Yeo > 2013-11-25 09:21 | Report Abuse

@ alex so when anything falls, it become lousy. You dont seems to have alot patience, not suitable for you.

Posted by kevin5059 > 2013-11-25 20:42 | Report Abuse

Anyone can share the news regarding Dyson with Skpres? how long Skpres contracted with Dyson or other customer??

Posted by JayC > 2013-11-27 15:12 | Report Abuse

just went thru the Q2 report.

"Profit before tax also reduced from 12.16 million in last quarter to RM9.57 million mainly due to drop in revenue as well as different product mix.

Seems, product mix is the big culprit

Posted by sephiroth > 2013-11-27 18:22 | Report Abuse

i gonna sapu this baby soon, all my 6 rounds of profit start with the buying price 30-32

Posted by azog > 2013-11-27 18:45 | Report Abuse

Can share only laughter on RHB's sell call on skpres. See their fair value on ytlpower in Aug:

http://klse.i3investor.com/servlets/ptg/6742.jsp

How much is the price of ytlpower and its wb now? At Ytlpower's current price, they simply change its fair value of ytlpower to 1.90 in this Nov.

See, they recommend to sell as their families, relatives, neighbours etc. want to accumulate. They want you to sell to them.

But, nvrthless if skpres really goes down to 0.20cts, thats really awesome for those power holders. Good luck..

Posted by KC Loh > 2013-11-27 19:12 | Report Abuse

hence the earlier question

Posted by KC Loh > Nov 22, 2013 11:22 AM | Report Abuse X
JayC, you must ask what is the motive of RHB in the first place

Posted by yeo12345 > 2013-11-29 09:44 | Report Abuse

Profits still solid, but 2nd & 3rd quarters dropping and how about 4th Q ? off course we don't
Know yet. The trend show that no growth and it's very hard to keep for long term unless good
dividend paid out.

Posted by nightfly > 2013-11-30 17:06 | Report Abuse

First thought I hate report that came out from RHb recently but I found something to be believe is true about this stock. The growth going to be bad cos the book Of Order going be really bad for next year. Got some news.... No divendend next year ... Sucks ... I holding a lot of this stock .. Don't know should hold or sell now???? I think this Gan family going to play us out . If still going down under 0.320 , I think sell everthing ( average 0.345)... Cut losses Pls advice.

Posted by JayC > 2013-11-30 18:04 | Report Abuse

Skp got policy of distributing 50% profit as dividend. That don't worry

Posted by marcusngmunkit > 2013-11-30 18:37 | Report Abuse

whr u heard that news nightfly?

Posted by nightfly > 2013-11-30 19:50 | Report Abuse

I think I should believe it cos make a lot money last time from this informer. And jay c ... That what heard they not going to practice this policy anymore ... Gan family very stingy le...... No dividend la. Is up to u to believe it or not. So I hv nothing much to loose ... Or Then later I will regret ...I think I should to better let go ....see what happen next week ... If showing red again ... Kiss goodbye ...

Posted by KC Loh > 2013-11-30 19:58 | Report Abuse

Stock: [SKPRES]: SKP RESOURCES BHD
Oct 28, 2012 10:00 PM | Report Abuse
I have been holding this stock since 2008. The owner quite generous this year .. Give a lot dividend n bonus . This a real stock ... Not a "main" or goreng stock. If the way they going right now ... I think more surprise is coming too
--------------
not to doubt you as i think you are sincere in sharing, but earlier post is owner quite generous. suddenly, your post today that same owner now stingy. so which is which?

any particular news about the last report is welcomed.

Posted by KAHFIEHLAI > 2013-11-30 22:54 | Report Abuse

kcloh...u smart & sharp <...> XP

Posted by Jeff Wong > 2013-11-30 23:03 | Report Abuse

Boring counter. Better faster private it.

Posted by Steven Yong > 2013-12-01 01:35 | Report Abuse

if below 0.30 i buy more........

Posted by Fortunebull > 2013-12-01 01:47 | Report Abuse

Wait for 20 cents!

Posted by anbz > 2013-12-01 01:47 | Report Abuse

woe latest TP by rhb ..only 20 cents....mati

Posted by anbz > 2013-12-01 01:49 | Report Abuse

SKP Resources - Downgrade To Sell On Earnings Shortfall
Date: 22/11/2013

Source : RHB
Stock : SKPRES Price Target : 0.20 | Price Call : SELL
Last Price : 0.32 | Upside/Downside : -0.12 (37.50%)
SKP Resources’ (SKP) 1HFY14 earnings missed estimates, falling 20.3% q-o-q on lower sales, which in turn hurt margins. Accordingly, we cut our FY14-15 net profit forecasts by 19.2 and 22.1% respectively. the company’s weak outlook, poor liquidity and the absence of an interim dividend prompts us to downgrade the stock to a SELL, with a lower FV of MYR0.20 sen pegged to 7x CY14 EPS.

Results miss forecasts. 2QFY14 net profit fell 20.3% q-o-q and 39.2% y-o-y to MYR7.3m while sales dipped 2% q-o-q and 12.4% y-o-y as Dyson’s orders for vacuum cleaners slowed down. This resulted in 1HFY14 earnings declining to MYR16.4m, coming in at just 42.1% of our original forecast. SKP sales are not seasonally stronger in 2H. No dividend was declared vs a 1.3 sen interim dividend in 2QFY13.
Sales and margins weaken. EBITDA dropped 15.7% q-o-q and 36.3% y-o-y due to: i) a lower margin product mix, and ii) higher overhead costs. We are concerned by the drop in sales to Dyson, which by itself contributes c. 55% of total sales. While SKP has other customers for video and computer plastic parts, sales do not appear to be growing fast enough to compensate for the drop in Dyson’s orders.
Cutting forecasts. We are thus cutting our FY14-15 forecast by 19.2% and 22.1% to MYR31.5m and MYR31.7m respectively on incorporating:i) a 1% contraction in FY14 revenue forecast vs an assumption of +2.0% growth originally, due to the persistent decline in SKP’s sales, and ii) a lower 15.5% GP margin vs our original 17% estimate. As at 1HFY14, GP margins stood at 14.2%. While we do not expect seasonally stronger sales in 2H, SKP is attempting to cut production and overhead costs.This is our second earnings downgrade since June this year.
Downgrade to SELL, lowering FV to 20 sen. We downgrade the stock to SELL (from NEUTRAL), with a lower FV of 20 sen (from 37 sen). Our new FV is based on: i) our lowered CY14 EPS estimate, and ii) a lower 7x target P/E vs 9x, in line with the stock’s 6-year historical mean. SKP’s valuations are rich amid a murky earnings outlook and poor liquidity. Although it is still cash rich, we feel that unless the company pays a special dividend, the stock will be short on re-rating catalysts.

Posted by anbz > 2013-12-01 02:06 | Report Abuse

kcloh..the tokey may be generous before to make a trap...meaning...baik ada makna tu

Posted by nightfly > 2013-12-01 03:15 | Report Abuse

Kc loh ... Yeah I said it last time ... Banyak divendend last 2 years . Sure generous la last time cos Gan holding 70% . When the news I heard last 2 days .. My informers said no dividend mean bad shape . I trust him cos since he the one ask me to buy the stock at 0.10 last 6 years ago . So my conclusion better stay away since I nothing much to loose. Is all up to ur call . If bad new , always not a good to jump in ... There other more good fundamental stock than this la .. Why so headache ... Buy hartelega n etc....

Posted by KC Loh > 2013-12-01 04:20 | Report Abuse

No problem if your friend knows something and you following his tip to share with all! So far, skpres has been overly reliant on Dyson and that is a major concern for many analysts. Your friend may have a point if management doesn't do something about it!

Personally I think its a blip in the earnings! Awaiting for more news!

Posted by KC Loh > 2013-12-01 04:33 | Report Abuse

Anbz, if make trap the owner would have allowed price to run. Most analysts had FV at 50+ sens then. But the Gan family always seem to cap it below 40 sens due to their current massive 80% holdings. Why?

Posted by nightfly > 2013-12-01 08:10 | Report Abuse

If the book of Orders came in shorts ... Also bad on revenue or everything ... No sale No gain ...like what RHB wrote if special dividend pay out then a good sign... If not... Better run before masuk lorry n hv a long journey ... But "news" said no dividend ... That why really hit me ...

Posted by billionhair > 2013-12-01 10:10 | Report Abuse

Wow.. my godness it is getting lower and lower....

Posted by KC Loh > 2013-12-01 10:10 | Report Abuse

I am about to re -enter skpres for the third time. If it goes below 32 sens, why not! Let RHB's FV come then!

Good luck to you nightfly. Indeed, there may be other stock that is better investment!

Posted by KC Loh > 2013-12-01 10:15 | Report Abuse

You may want to rear this article

Dyson aims to expand presence in Chinese mainland - BUSINESS - Globaltimes.cn
http://www.globaltimes.cn/content/827899.shtml
(from Easy Browser Pro)

Posted by KC Loh > 2013-12-01 10:16 | Report Abuse

Read, not rear! LoL

Posted by anbz > 2013-12-01 15:56 | Report Abuse

don't forget dyson is not a match for samsung...that's why their early venture into china is not that successful...so why want to increase from 8 stores to 200 stores? suicide

Posted by KC Loh > 2013-12-01 17:12 | Report Abuse

Posted by anbz > Dec 1, 2013 03:56 PM | Report Abuse
..that's why their early venture into china is not that successful..

based on? let's share

Posted by sephiroth > 2013-12-02 09:44 | Report Abuse

cabut with no losses , skpres,pantech excluded from syariah compliant list. LTH have 5% of skpres and 4.55% of pantech, they will have to sell down within 6 months

Posted by sephiroth > 2013-12-02 15:19 | Report Abuse

i will buy back at 28 after LTH dispose all 45m shares

Posted by nightfly > 2013-12-02 16:11 | Report Abuse

Wow, yeah lo ,,,also i forgot about this...i thinnk i going to sell abit out la....

Posted by mofais2013 > 2013-12-02 23:08 | Report Abuse

why TA not give comment yet? usually they are so fast, even at the same day like RHB.. Are they selling than just announced SELL. be careful and good luck.

Posted by anbz > 2013-12-02 23:14 | Report Abuse

sephiroth u make everybody scared ..but it is for their own goodness....thumbs up

...by the way, sephiroth how can we verify the info given by The Edge...is there any other links?

how do we check the percentage of non substantial shareholders...from where?

Posted by sephiroth > 2013-12-03 09:28 | Report Abuse

anbz and everybody, no need to be so scared, i doubt the share price will go below 31, GKH will sapu. one of the rule for the syariah compliant securities is that LTH do NOT have to sell at a loss (they bought at 0.33)during the 6 months period. As for LTH shareholdings just check out bursa. as for me i just rebalance my portfolio coz electricity up and minimum wages will start next yr

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1198937

Posted by anbz > 2013-12-03 09:30 | Report Abuse

i mean non substantial shareholders ...how do we verify? like in the case of pantech?

Posted by sephiroth > 2013-12-03 09:36 | Report Abuse

anbz, there's no way commoner like us can verify for non-substantial shareholders unless we can get the top 30 shareholders list (already posted on pantech tread). some of the fund purposely grab slightly below 5% to avoid reporting to bursa. for eg. titijaya, contra king LTH (5%)cabut all right after ipo but LTAT(2.9%) don't have to report anything, my guess is they have already cabut

Posted by anbz > 2013-12-03 09:53 | Report Abuse

tq sepi

Posted by KC Loh > 2013-12-03 10:14 | Report Abuse

minimum wages already in effect

Compared to last year, profit before tax was lower mainly due to the drop in revenue recorded from existing customers during the period as well as the impact from implementation of minimum wage policy this year. The company declared no dividend for the financial period ended September 30, 2013. The Board of Directors expects the Group to remain profitable. Prospects remain promising and the Board is optimistic and expect orders from existing and new customers to contribute positively to the group's performance for the financial year ending 31 March 2014.

Posted by sam2828 > 2013-12-03 19:24 | Report Abuse

sell first.. lth dispose later only buy back...

Posted by Steven Yong > 2013-12-03 21:38 | Report Abuse

wait till it drop until 0.26 only buy back

Posted by nightfly > 2013-12-04 11:41 | Report Abuse

slowly selling out now....

Posted by callmehorny > 2013-12-04 11:46 | Report Abuse

will not drop below 0.3 la.. my 2cent opinion

Posted by TonsilBasher > 2013-12-04 15:03 | Report Abuse

latuk gan finish alread.china slow down

Posted by nightfly > 2013-12-04 15:19 | Report Abuse

callmehorny.. u never know...share market anything can happen.I also hope this stock will not go down alot 'cos I'm holding this stock too . But the way its goes....I think someone is selling slowly...so don't create chaos...I think LTH is clearly abit abit. So better watch out.

Posted by BullBear > 2013-12-04 15:46 | Report Abuse

Non syariah compliance stock!

2 of the top 20 shareholders:
LTH Tabung Haji: 90,000,000 shares - 10%
Zakaria Othman: 1,052,300 shares - 0.12%

When will they sell, folks? Careful now!

Posted by Hustle > 2013-12-04 16:15 | Report Abuse

Start from now,all skpres holders must sign a petition encouraging Gan go to "sunat" in order to achieve syariah compliance.The procedure possibly just as simple as ISO.

Posted by 1901 > 2013-12-04 16:19 | Report Abuse

the time frame guideline for LTH to dispose is 6 months, but if skp mgmt rectify their financial situation regarding loans/interest, it should be ok, otherwise....

Posted by KC Loh > 2013-12-04 16:19 | Report Abuse

@ hustle, LOL