they need new catalyst or good news in sales.. its down and trading sideways due to 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.
With new regulations, min wage, their profit margin is hurt and unless their new quarter results shows growth, this stock will trade sideways.. but looking at dividend, this is a good long term stock to hold..
hornetsjet, eh hello pls check. Every year they announce it on 1st week of march lah. Or else why these few days director keep eating 10 million shares per day?
this counter is a very solid counter in term of cash flow and management.
-If assume that the next coming EPS is bad, around 0.5sen, then the PE is 10.42 according to today price @0.305. -Then the dividend is around 1.5sen, which is around 4.9% DY. -Cash in hand 0.11sen, NTA=0.24. -In the Asset, the price for the land owe by SKPRES is only around RM38 per square feet. -Consistently spend in capital expenditure (meaning buying machine, asset and property) to expand the business to cater for bigger business. -Dato' Gan own deem/direct 60%++ mother and 16%++ warrants. -Tabung Haji own 10% mother share (estimated bought at 0.345), they need to sell it in 6 months time.
To play safe, buy <0.30 or lower. Once the business come back, it will shine again.
Last time is my favourite counter of all time...good profit and good management....now this counter is just like shit with reversal of the mentioned! I will never buy SKPRES anymore!
If you still stuck here, best to shift your capital to Asiapac! By year end, you are looking at 50 cents Asiapac and Skpress remain the same! I am not here to offend anyone! My honest view!
That pursuant to Paragraph 10.08(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of SKPRES is pleased to announce that SSKPI, the wholly-owned subsidiary of the Company, had on 28 March 2014 entered into a Sale and Purchase Agreement (“SPA”) with Brand Origin Sdn. Bhd. (Company No. 1049034-T) of 5A, Jalan Cucur, Taman Sri Jaya, 83000 Batu Pahat, Johor (“the Vendor”) for the purpose of purchasing a piece of 60 years leasehold land held under PN No. 39897, Lot 75069, in the Mukim of Kulai, District of Kulaijaya, Johor measuring approximately 2.023 hectare with the lease period expiring on 31 March 2066 (hereinafter referred to as “the Land”) for a total purchase consideration of RM6,795,000/- (Ringgit Malaysia: Six Million Seven Hundred and Ninety-Five Thousand) (“Purchase Price”) only (“Proposed Acquisition of Land”), upon the terms and conditions as stipulated in the SPA.
Please refer to the attachment for details of the announcement.
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....
Frank Soweto
3,425 posts
Posted by Frank Soweto > 2014-01-16 09:21 | Report Abuse
where is sapi LOL