SKP RESOURCES BHD

KLSE (MYR): SKPRES (7155)

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Last Price

1.06

Today's Change

+0.03 (2.91%)

Day's Change

1.03 - 1.04

Trading Volume

1,691,300


27 people like this.

10,783 comment(s). Last comment by Income 1 week ago

ysc69

25 posts

Posted by ysc69 > 2012-11-26 17:11 | Report Abuse

what happen to this counter? can anyone explain?

Posted by Alex Leow Sze Shen > 2012-11-27 12:45 | Report Abuse

lao sai again! Buy at low price

Steve Jub

4,203 posts

Posted by Steve Jub > 2012-11-30 16:54 | Report Abuse

this also need patience?

Steve Jub

4,203 posts

Posted by Steve Jub > 2012-12-04 16:32 | Report Abuse

suddenly up

Posted by shandysheng > 2012-12-05 21:31 | Report Abuse

any idea y go down n is it worth buy in?

Posted by rouguetrader > 2012-12-06 09:48 | Report Abuse

good time to go in

monreyes

892 posts

Posted by monreyes > 2012-12-06 11:12 | Report Abuse

suddenly up n suddenly down..still trapped at 0.385

netcrok

115 posts

Posted by netcrok > 2012-12-07 15:55 | Report Abuse

waiting for below 0.30

Posted by Alex Leow Sze Shen > 2012-12-07 22:08 | Report Abuse

SKPRES super bullish again!

glam

61 posts

Posted by glam > 2012-12-07 22:29 | Report Abuse

another good fundamental counter.never miss giving dividen.regret sold long time ago.will consider ths countr next wk.time to buy in nxt wk

tonylim

4,796 posts

Posted by tonylim > 2012-12-07 22:41 | Report Abuse

You sold at 20 sen?

glam

61 posts

Posted by glam > 2012-12-07 22:48 | Report Abuse

long time aredy.2 years ago hehe sold at 0.35.handsome return frm this countr.

tonylim

4,796 posts

Posted by tonylim > 2012-12-07 23:13 | Report Abuse

timing is next week? y?

Posted by New Insight Sabah > 2012-12-10 09:12 | Report Abuse

Just bought some at 0.37.

monreyes

892 posts

Posted by monreyes > 2012-12-10 15:11 | Report Abuse

been holding dis for quite some time already...rumours said today got show...

Posted by New Insight Sabah > 2012-12-10 15:23 | Report Abuse

Chartwise, this stock is bullish. But I guess we'll never really know how it will turn out ultimately. Just keeping my fingers crossed. Now there are 1519 lots at 0.365 queuing to sell and 8036 lots queuing to sell at 0.37. 4351 lots queuing to buy at 0.36.

PS: Never good at reading charts.

Posted by Alex Leow Sze Shen > 2012-12-11 10:30 | Report Abuse

Next week SKPRES rise!

monreyes

892 posts

Posted by monreyes > 2012-12-11 11:27 | Report Abuse

Hopefully, already kena kelentong this week

Posted by Alex Leow Sze Shen > 2012-12-11 12:36 | Report Abuse

Those who bought warrant, sure cry like nobody business

pbm8682

124 posts

Posted by pbm8682 > 2012-12-12 00:37 | Report Abuse

just wait for upcoming dividen..... then the price will be flying high...

Posted by Momo Asyraf > 2012-12-13 10:46 | Report Abuse

still worth it to buy??/

Posted by New Insight Sabah > 2012-12-13 11:36 | Report Abuse

Moving sideways. Taking a risk. Just bought some at 0.36 and picked up stock at 0.37.

Eden Thean

133 posts

Posted by Eden Thean > 2012-12-13 23:09 | Report Abuse

why is the gan kim huat keeping selling off the share?

Posted by Alex Leow Sze Shen > 2012-12-13 23:34 | Report Abuse

you all kena con by this old man already! Wakakakaka!

Eden Thean

133 posts

Posted by Eden Thean > 2012-12-17 21:27 | Report Abuse

yalo this old man really bad

Posted by rouguetrader > 2012-12-18 13:05 | Report Abuse

recommend to buy

beginner_1

291 posts

Posted by beginner_1 > 2012-12-18 14:51 | Report Abuse

why? got good news?

hornetsjet

340 posts

Posted by hornetsjet > 2012-12-18 18:19 | Report Abuse

never buy on good news..bro..

Posted by New Insight Sabah > 2012-12-19 16:50 | Report Abuse

It's trying very hard to break the resistance. Going up.

Posted by Alex Leow Sze Shen > 2012-12-19 19:54 | Report Abuse

It's another trap maybe! Be careful!

pbm8682

124 posts

Posted by pbm8682 > 2012-12-20 13:50 | Report Abuse

that old man is already stop selling... what say you?

Posted by Alex Leow Sze Shen > 2012-12-20 21:30 | Report Abuse

will keep on selling!

Eden Thean

133 posts

Posted by Eden Thean > 2012-12-20 22:46 | Report Abuse

this is what i worry about the chairman keep on selling off his share. :S maybe he wan to open new company?

Posted by Alex Leow Sze Shen > 2012-12-21 21:42 | Report Abuse

i sell this share liao! Get out!

Posted by New Insight Sabah > 2012-12-27 12:46 | Report Abuse

Good stock. Price is low.

kcchongnz

6,684 posts

Posted by kcchongnz > 2012-12-27 12:59 | Report Abuse

Buying by insiders indicates the share is likely undervalued. Selling by insiders may not necessary mean it must be a bad thing, because they sell for all kind of reasons; sell for profit, need some money to spend, help a child to buy a house, too much stake just reduce some, to old already want to exit business as nobody can take over, plus may be the share is over-priced already etc. Which reason you think he sell the shares for?

Posted by New Insight Sabah > 2012-12-27 13:33 | Report Abuse

Don't really know. But who is buying his large chunk of shares? Surely not the small retail buyers. There doesn't seem to be any info on any significant buyers of the stock. At the last count, he has sold about 147m of his shares in SKPRes!

Posted by rouguetrader > 2012-12-27 13:49 | Report Abuse

good explanation kcchongnz.

Guys, wait till before CNY. The company has been doing well all the while, so if there's good news in near future, a good news supported by its profitable track record. Hold and reap.

Thanks

Calvin_12

15 posts

Posted by Calvin_12 > 2012-12-27 14:04 | Report Abuse

no debt + Strong cash balance position. Well poised for future growth and expansion using internal generated funds. Very high dividend yielding counter. Recently, it promised to pay out 50% of its earnings as dividends. With revenue and earnings expected to grow in tandem with its exposure in China market + increasing operating capacity, this is a fundamentally STRONG stock. However, in Malaysia, there must be investors or big funds that truly VALUE what the company could offered.

Posted by rouguetrader > 2012-12-27 15:02 | Report Abuse

calvin_12,well said. Strong stock. It is being promoted in the capital market now.

reyes430

204 posts

Posted by reyes430 > 2012-12-27 15:10 | Report Abuse

Hows the business of Skpress? What is the risk or competitive advantage of the Skpres? Anyone can shed some light on this? Thanks

pbm8682

124 posts

Posted by pbm8682 > 2012-12-27 22:17 | Report Abuse

starting from 8Nov... no other announment except made by the company except the CEO keep on selling his holding BUT the target price & the price itself still intact... i wonder what is going on with this company.... anybody know what is all about???

Eden Thean

133 posts

Posted by Eden Thean > 2012-12-27 22:30 | Report Abuse

seems like many investors of this company also no idea of what's the chairman doing~ tat's why the share price still uncertainty :S

Calvin_12

15 posts

Posted by Calvin_12 > 2012-12-28 01:15 | Report Abuse

according to my personal valuation using 50% dividend payout ratio, the stock is worth RM0.48 which is somehow close to the target price established by OSK or TA. if one strongly believe its fundamentals and growing revenue + profit trend, this stock should be on one's radar.

reyes430

204 posts

Posted by reyes430 > 2012-12-28 01:16 | Report Abuse

Hi, as i notice, the receivable of skpres is increasing dramatically, from 54,350 at 2011 to 100,886 at 2012 and current year to date at 115,234. Its always not a good sign as high receivable might cause collection problem. I understand as overall its still a fundamentally sound counter but can someone please shed some light on this matter? much appreciated, thanks

Calvin_12

15 posts

Posted by Calvin_12 > 2012-12-28 01:24 | Report Abuse

obviously, when revenue grew by 60% from 2011 to 2012, it signal increasing orders from larger or new customers, thus to retain their loyalty or for whatever reasons, mgmt might decide to grant longer credit terms to them as seen in the turnover ratio. In brief, larger sales, larger receivables, I would say it is a normal scenario. Likewise, Similar thing happened for PAYABLES where it increased 60% from 2011 to 2012.

Posted by risk averse > 2012-12-28 10:22 | Report Abuse

by looking at thier strong cash position with no debt and growth prospect which is quite promising,think the entire company should be valued at about RM 800 million.
in my view, the chairman sell off and reduce his stake is a good sign. this will increase public float of thier company shares to attract institution investors, or other potential investor which will benefited the company growth.

Eden Thean

133 posts

Posted by Eden Thean > 2012-12-29 18:02 | Report Abuse

hope that my thought never goes wrong as increasing the volume of share trading

reyes430

204 posts

Posted by reyes430 > 2012-12-29 18:25 | Report Abuse

Thanks calvin and riskaverse, learn something beneficial. Appreciated =)

Posted by Sugunan Nanoo > 2012-12-29 23:27 | Report Abuse

i bought at 0.36, wanted to sell... But now i think i'll hold.

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