Posted by BeginnerLearner > 2019-11-07 18:05 | Report Abuse

Thanks Kent for the advice, I have no problem holding on as I'm not into speculating. As long as the fundamentals are intact I'll not worry, hopefully the upcoming earnings release will be encouraging.

Posted by Nepo > 2019-11-07 18:49 | Report Abuse

It looks lIke 1st round uptrend has been completed. But the correction was too severe. It might force out many unstable holders。。。

Posted by pang72 > 2019-11-07 18:56 | Report Abuse

the crash is severe!!

Posted by pang72 > 2019-11-07 18:57 | Report Abuse

Why gooshen is not here to claim credit because of crash?
He goes to super strong tech. stock like Krono,Penta and MI to shout crash..? ....

Posted by Nepo > 2019-11-07 19:31 | Report Abuse

Coincidently, the CRASH was after the Aminvest report which boosting the good news couple with the target price RM 1.06

Posted by BeginnerLearner > 2019-11-07 19:35 | Report Abuse

I was greatly influenced by Aminvest resulting in taking position at 0.95

Posted by Nepo > 2019-11-07 19:54 | Report Abuse

@Beginner, if the Sept 2019 quarterly report (will be released this month) is good and with good potential as claimed by Aminvest, then I think no harm to hold the share at that cost, just u may to hold a little bit longer.

But if it is purposely done by the operator to force out the weak holders，then it may be much much QUICKER than u expected.

Posted by cat lim > 2019-11-07 20:25 | Report Abuse

Tomorrow will challenge 0.8 suppprt

Posted by GeniusTinker > 2019-11-07 21:14 | Report Abuse

AmBank came out with a TP 1.06 and throw all the tickets to retailers, LOL

Posted by MrJambu > 2019-11-07 22:32 | Report Abuse

Anyone think it will immediately rebound tomorrow?

Posted by michaelwong > 2019-11-07 23:40 | Report Abuse

If the sudden drop is profit takings is normal lah...... unless triggered by bad news that drive the share price downwards . Some corrections is healthy for those might take chances to buy at cheaper price.

Posted by human > 2019-11-08 10:29 | Report Abuse

Always threat bank related analysis report with cautions because they are not independent.
Fundamental wise I dont think is realistic to expect high hike in profit for immediate next quarter report given the new earbuds and mouse just start mass production less than 6 months.
However the q1 report should show early sign whether there is a real profit recoveries, while the next q1 and q2 should provide better clues of actual company profit recoveries.

Posted by MingGoon > 2019-11-09 14:41 | Report Abuse

Salute : Financial Info below

May 18, 2016 - IPO listing at RM0.80 ( Proceeds from IPO is RM62.4 Million)

Sept 2016 : Net Profit RM5,517,000
Dec 2016 : Net Profit RM 10,610,000
Mar 2017 : Net Profit RM 853,000
June 2017 : Net Profit RM2,374,000
Sept 2017 : Net Profit RM 6,453,000
Dec 2017 : Net Profit RM6,014,000
Mar 2018 : NET LOSS (RM116,000)
June 2018 : NET LOSS (RM989,000)
Sept 2018 : Net Profit RM 2,335,000
Dec 2018 : Net Profit RM996,000
Mar 2019 : NET LOSS (RM 3,068,000)
June 2019 : NET LOSS (RM813,000)

Coming to be release Sept 2019 ( expected date Nov2019), your guess is a good as my guess. Would salute be showing good Net Profit, or would Salute show a NET LOSS.

Investors are mostly worry about Salute coming to be release result this month, that's why Salute price has been dropping from a high of 0.985 to 0.815
Retailers are not too worry, that's why you still seeing volume on Salute.

Those still holding Salute, you could wait and see especially if you buy in Salute at the price range of 0.305 region ( when Salute drop IPO price of 0.80)

Those waiting to enter Salute, you might want to see the coming to be release results before you decide to enter.....

Posted by human > 2019-11-09 17:33 | Report Abuse

I did bought and hold Salutica expecting profit recoveries with one of the reason many new orders going to production. The core strength of the company is the continuous effort of R&D.

I do not recommend any buy or sell for this stock.

Posted by cat lim > 2019-11-11 10:31 | Report Abuse

break 0.82 low. alert.

Posted by Nepo > 2019-11-11 10:53 | Report Abuse

What happened? Two operators are quarrelling? One buying and one selling?

Posted by ionlywanttoearn > 2019-11-11 10:54 | Report Abuse

haha, a bit over value

Posted by Nepo > 2019-11-11 11:27 | Report Abuse

If QR not good, my take is that this stock will loss strength, probably loss IPO price (RM0.80) support, this is what the company mgt not like to see about it.

Posted by MatBum07 > 2019-11-11 12:33 | Report Abuse

Sold

Posted by smallfisher > 2019-11-11 16:03 | Report Abuse

drop again....what happened

Posted by ddd ccc > 2019-11-12 09:50 | Report Abuse

recover...now 0.825

Posted by MingGoon > 2019-11-12 10:18 | Report Abuse

Salute -
Those waiting to buy - wait a while first as every investors is waiting for coming Qtr result, expected around Nov 26 this morning, ( another 2 more weeks results will be out).
While Salute has a big customer A, but the orders from Customer A will not be capture in this coming Nov 26 to be release result.
That's why Salute price has been dropping.

Those wanting to buy Salute, wait for price to drop more, then buy, so wait till Nov 26, then only decide.
Those holding Salute, and have holding power, you may want to hold for long term, as Salute has potential and room to grow.

Posted by human > 2019-11-12 17:32 | Report Abuse

2019 Nov report announce financial report till end Sept 2019.
If Am report is accurate, only one model start July 2019, with 2 months or less production the profit recognition is limited.
Is too optimistic to expect next immediate quarter report will report substantial hike in profit.

Posted by upsidedown119 > 2019-11-13 10:06 | Report Abuse

But Salute's factories at peak production at the time of report. "Substantial" hike in profit? Maybe not. But there will very likely be a turn-around in profit i.e. much better profit than the losses in the previous two quarters.

Posted by Nepo > 2019-11-13 11:07 | Report Abuse

Company prospect will also reflect in the price for anticipation of better profit in future.
If the Aminvest report is right, then my take is that the downside risk (share price) is limited.

Posted by human > 2019-11-13 11:11 | Report Abuse

The comparison with previous 2 qtr reports is not reflective of the seasonal dependent nature of salutica business.
The comparison of next financial year q1 and q2 reports is more proper to be compare with previous financial year q1 and q2 to assess the company business and profit performance.

Posted by upsidedown119 > 2019-11-13 15:48 | Report Abuse

The previous 2 qtrs are the low seasons. The coming quarters beginning with the coming qtr report will reflect the high production season, further uplifted by customer A's demands.

In fact the previous 2 qtrs showed decreasing losses - qtr 4 loss was much lower than qtr 3.

This is expected and corroborated Aminvest's report of growing profitability.

Posted by kllady_fidah > 2019-11-13 21:39 | Report Abuse

good price to collect now..bit by bit

Posted by Nepo > 2019-11-14 08:15 | Report Abuse

Din don din don at RM 0.80 IPO price till QR out
Fresh start Salute starting from RM 0.80, may the share price pattern same as the year when Salute listing?

Posted by Nepo > 2019-11-14 08:57 | Report Abuse

The best part is that the directors have stopped selling the shares to the public, this is contrary to last year financial year ended. At that time before the co made QR (losses) annoucement to the public, the directors SOLD the shares in ADVANCE

Posted by human > 2019-11-14 10:38 | Report Abuse

This recent movement seem to track the USD to MYR strength.
Last few days price drop when USD weaken, then when USD strengthen the price follow.

Posted by human > 2019-11-14 10:48 | Report Abuse

The last major sell by company largest shareholder of 7mil share is an off market deal.
Someone pick up this block of share at 0.506 when market price is 0.56, wonder who did that.
The current price mean a hike of more than 60%.

Posted by perangbrown > 2019-11-14 15:01 | Report Abuse

We reiterate our “buy” recommendation on Salutica with a higher FV of RM1.06 per share (previously 61 sen per share) pegged at a rolled-forward FY21F PER of 14 times. We have increased our FY20 to FY22 earnings forecasts by 20% to 28% to account for higher order forecasts from customer A after visiting the group’s Ipoh plant recently. — AmInvestment Bank, Nov 1

Posted by greatinvestor > 2019-11-14 18:10 | Report Abuse

May I know who is customer A ?

Posted by MingGoon > 2019-11-15 12:17 | Report Abuse

Salute Qtr report will be out soon around the time frame of Nov 26.
The Qtr report might not capture the Customer A 's order , as the turn around production time, might not yet reflect in this coming Qtr.

No one knows for sure, will this be reflected in this coming Nov 26 soon to be release result or not.
What if , the results has not been reflected and the Qtr captured still loss or just a little bit increase in net profit ??

Then of course, most Salutians will be left holding a high price stocks especially if you enter and buy now.

But then, of course, if this coming Qtr produce an extremely good result although customer A order are not reflected in, then, Salute share will rise high.

This is like gambling as no one knows for sure, only the top management and the Finance people of Salute knows.

The choice is yours , to enter now, or to sell now, or to wait first, and no need wait, straight away buy in now...

I salute your choice, as it is a very difficult choice to make.
Most of the people would not gamble away our hard earn money.
Salute to all Salutians....

Posted by human > 2019-11-15 12:21 | Report Abuse

Salutica next immediate qtr result not likely to be extremely good, the previous qtr result has state their production is underutilized.
Customer A orders are recent sales, if anything significant will be q2 report.

Posted by flexibt > 2019-11-15 17:46 | Report Abuse

May I know who is customer A ?

Probably Logitech (Jaybird is part of the logitech group)

https://www.theedgemarkets.com/article/not-your-typical-manufacturer
https://www.theedgemarkets.com/article/salutica-benefit-china-production-shift


Products?

1. Earphone

https://www.bestbuy.com/site/jaybird-vista-true-wireless-in-ear-headphones-black/6320598.p?skuId=6320598

(rating matched with aminvest report)


Why?


Quoted from latest AR

<<Our continuous pursuit for innovation have resulted in the successful launch of the latest generation Bluetooth headset product
with a design partner in Europe. Both parties have brought together dedicated team who have excellent workmanship to
deliver a OEM headset product that has garnered rave reviews in the market since its launch in August 2019.>>

<<Bluetooth headsets continue to be the main revenue contributor for the Group.>>


[The Jaybird Vista are set to cost $179.99 — the same price as the old model — when they release sometime in AUGUST.]


Source:
https://www.theverge.com/circuitbreaker/2019/7/31/20747294/jaybird-vista-truly-wireless-headphones-connectivity-good-running-usb-c




2. Mouse

<<Salutica has secured jobs to produce 4 models of computer mice, the first model has commenced production in July 2019 while the remaining 3 models have also begun mass production as at our meeting in late October 2019.>>


<<Salutica Allied have successfully secured four models from the computer peripherals category >>

<<Seeing little hope for the US-China dispute easing, Customer A has begun to move the production of certain computer mouse models from Suzhou, China to Salutica. These are everyday use wireless mouse and are mostly sold to the US.>>


it could be

a. MX Master 3
b. Logitech MX Anywhere 2S
c. M590 Multi-Device Silent
d. MX Ergo


Meanwhile Salutica bad performance in past quarters was due to:

(Quoted from AR)
• Delay in the mass production and shipment of a cordless Bluetooth headset by 9 months from October 2018 to June 2019
resulted in costs spent of approximately RM0.7 million for holding excess resources (salary and related costs);


(Quoted from theedgemarkets)
The new bluetooth chipset rectify the connectivity issue which has plagued the previous two models, resulting in Salutica’s declining profit.


However, contribution from the new earbuds and mouse production will be captured in FY20 ( start from July 2019)

Posted by human > 2019-11-15 17:59 | Report Abuse

Any search to know these are the mouse models?

Posted by flexibt > 2019-11-15 18:03 | Report Abuse

Posted by human > Nov 15, 2019 5:59 PM | Report Abuse

Any search to know these are the mouse models?

Unfortunately no..

Posted by Nepo > 2019-11-16 09:03 | Report Abuse

I will look it at different perspective, as long as the prospect (as claimed in Aminvest report is real, NOT bluffing) is good, even though the coming QR result is normal/small losses, the share price will be sustainable at least at RM 0.80, i.e. IPO price.

Look it at another angle, if the prospect is NOT good, the share price won't surge from RM 0.30, all the way up to RM 0.865 (including correction) without any solid reasons. The investors/operators may have some insider info, it won't push up the price from scratch.

Judging from the volume buying from the rock bottom RM 0.30，plus and minus from surging and correction, they still have huge chunk of lots in their hands, if price go down after QR, they won't make any profit or perhaps loss making.

I will hold the shares.

But this is my opinion, in stock market, anything can happen.

Posted by samyew1234 > 2019-11-16 20:01 | Report Abuse

heard loss in this q

Posted by human > 2019-11-16 22:20 | Report Abuse

I state many times dont expect great q1 result, false expectation disrupt logical assessment.

Last qtr report company did mentions new businesses are progressing, thus FY2019 operation will be of new orders from customer A and other new customers which mean the growth prospect is reasonable.

I am fairly confident to expect better q2 result and overall better 2019 financial year than 2018 financial year.

Since Sony done their own EMS and with bad review and sales of customer A previous product , Salutica profit has been on the downturn.

WIth new orders from customer A and other business orders thus reasonable to expect company now on profit recoveries path and the next main test is the possibility of profit growth which rest on the company R&D effort and the securing of new orders from new customers.

Last report the company did report "The co-development project with the European design house had resulted in the successful launch of the cordless Bluetooth headset. This signifies an important milestone for the Group as it creates positive synergistic effect by working effectively together. Both parties will continue to collaborate to offer more innovative and cutting edge technology via the commercialisation of products to the market."

Posted by human > 2019-11-16 22:25 | Report Abuse

If the company clearly show high growth potential then the stock market will rate the company with higher PE. Which sometimes tech company that has clear customer bases and ongoing new business development attract market attention.
The challenge of the stock price growth depend on the company ability to show growth prospect.

Posted by human > 2019-11-17 16:09 | Report Abuse

performance of salutica FY2020 q1 should be compare to FY2019 q1 for performance assessment not previous qtr.
profit peak at 2016 then profit drop till 2019 profit loss, 2020 should be a profit recoveries year and to what extend depend on current customer A orders and new orders from new customers.

Posted by human > 2019-11-17 16:16 | Report Abuse

sorry for the mistake on FY, correction for previous posting FY2019 refer to FY2020 while FY2018 refer to FY2019.

Correction:
I state many times dont expect great q1 result, false expectation disrupt logical assessment.

Last qtr report company did mentions new businesses are progressing, thus FY2020 operation will be of new orders from customer A and other new customers which mean the growth prospect is reasonable.

I am fairly confident to expect better q2 result and overall better 2020 financial year than 2019 financial year.

Since Sony done their own EMS and with bad review and sales of customer A previous product , Salutica profit has been on the downturn.

WIth new orders from customer A and other business orders thus reasonable to expect company now on profit recoveries path and the next main test is the possibility of profit growth which rest on the company R&D effort and the securing of new orders from new customers.

Last report the company did report "The co-development project with the European design house had resulted in the successful launch of the cordless Bluetooth headset. This signifies an important milestone for the Group as it creates positive synergistic effect by working effectively together. Both parties will continue to collaborate to offer more innovative and cutting edge technology via the commercialisation of products to the market."

Posted by Armada An Quantum Leap Stock In 2019/2020 > 2019-11-17 17:16 | Report Abuse

Salute looks very promising from the way its share price recovered at fast. Keep me keen to dig its next qtr report.

Posted by human > 2019-11-17 19:21 | Report Abuse

share price and qtr report is difference topic here.

I am pointing out dont hold high hope for immediate qtr to show drastic profit improvement that all.

Posted by human > 2019-11-17 19:22 | Report Abuse

Share price wise depend on horizon, short term traders work with short term up and down of share price which determine by many factors, immediate qtr and expectation are some of those.

Price sometimes also immediate consolidate if profit do not match over excited high hope of profit.

Some long term investor work with long term prospects, stable dividend and visible recurring business to sustain price growth.

1 week, 1 month, 6 month, 1 year, 2 years, 3 years etc horizon suit difference people with difference risk tolerance.

I spend enough years in share market to understand share price do not work with singular factor.

Posted by human > 2019-11-17 19:26 | Report Abuse

I am fairly confident that Salutica next 2 years business is on profit recoveries path, I am looking for more clues for profit growth.

Share price is market to decide.

I am not recommending any purchase or sell of this stock.

Posted by human > 2019-11-17 21:00 | Report Abuse

hopefully most are informed investor not following hearsay.