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Overview
Financial Highlight
HeadlinesBusiness Background SKP Resources Berhad is principally involved in manufacturing plastic products and molds, which are predominantly carried out in Malaysia. The company manages its business through its subsidiaries and is engaged in the manufacturing of plastic products such as computer accessories, video accessories, audio accessories and miscellaneous accessories. The company also engages in letting of property and property holding.
  LongTermInvestor8 2021 - End of 2021, starts mass production of new air purifier. 2022 - Mar 2022, SKP expects to start mass production of Dyson new beauty care product. - Mar 2022, labour policy with most of the shortcomings targeted to be resolved by March - June 2022, Dyson ends contract with ATAIMS. - End of 2022, completion of construction of a new 4-storey c.750k sq ft plant (vs. previously planned 3-storey 600k sq ft) on a 6.4-acre land in Johor Bahru which will increase its total floor space by c.75%. 2023 - SKP is scheduled to commence two new production lines by end 2022 and early 2023 - Potential onboarding of a new customer for SKP Note - Approximately 75% of SKP?s revenue derives from customer X. Its next biggest customer is Sony, followed by Panasonic, Sharp, Pioneer, Flextronics and Fujitsu - Hike in raw material, freight and FX costs will not compress margins, given the cost pass through mechanism in place. - SKP ships most of its manufactured output to China 07/03/2022 7:42 PM All_in_2021 Appointed auditor that is agreed by Andy Hall. At least provide some confidence to shareholders and stability to the share price 17/03/2022 6:05 PM jerebubu If SKP is complying to the law, why the need to entertain Andy Hall at the first place. 18/03/2022 9:54 AM All_in_2021 probably some portion of non compliance. We always hear of foreign workers accommodation condition 18/03/2022 11:16 AM  DannyArcher @Blackpepper2020 If SKP pass the audit, single customer will become multiple big customer. Many multi-nation looking at diversifying away from China. Do you know the new Mac Studio is made in Malaysia? With China currency gaining strength, one day it will be affordable to make mid to high end goods in Malaysia... sadly. 18/03/2022 9:40 PM DannyArcher https://www.reuters.com/business/dyson-invest-11-bln-singapore-part-global-plan-2022-03-25/ 25/03/2022 7:30 PM All_in_2021 i saw in news that skpres already reach their max production capacity and now is still waiting for expansion. So can i say that the next few years we do not expect increase in revenue until the expansion is complete and start production? 26/03/2022 8:52 AM MiaoMiao7 end of the year new factory will start running. this means by the end of the year they will sign up new contract, when? nobody knows. you can buy after they sign up or buy now and just wait for the good news. 28/03/2022 1:01 AM  faridfet The Electronic Manufacturing Services (EMS) sector is anticipating a healthy flow of contracts on the back of a pickup in consumer demand. Hence, the reopening borders recently really benefit these EMS players. As when multinational firms can come in more easily, this will help in terms of contract flows which company can securing new customers. Another thing, because of labour issues faced by ATA IMS, it benefited its peer in the industry as Dyson contracts will flow to SKP. I am confident as the company have strong foothold in the plastic injection moulding, tool and die fabrication and the important point is strong contract manufacturing and component assembly. Piak piak piak is the only word i can say. 29/04/2022 12:19 AM investortrader88 https://www.theedgemarkets.com/article/skp-resources-posts-record-high-annual-profit-rm16983m-fy22 28/05/2022 6:26 AM investortrader88 My average price this counter RM1.76 free warrants after bonus issue.will continue to hold.good luck guys 28/05/2022 6:28 AM LongTermInvestor8 - June 2022, On the other hand, we gather that the labour audit is completed – SKP expects positive results when the report of the findings is released in 1-2 weeks. via RHB Research (30 may 2022) - July 2022, two new production lines starts production with new intake of foreign workers. - Dec 2022, completion of construction of a new 4-storey c.750k sq ft plant (vs. previously planned 3-storey 600k sq ft) on a 6.4-acre land in Johor Bahru which will increase its total floor space by c.75%. This new facitilies boost a 60% additional capacity. 30/05/2022 4:21 PM  amateurJR good company and indeed is undervalued. major risk is andy hall might spoil the party 30/05/2022 5:25 PM  InsiderShark Andy Hall approve. this means Dyson can now official announce new contract for SKP. And since SKP is the first and one and only EMS approved by Andy Dewan, expect more contracts coming their way. 02/06/2022 7:45 PM  fairyz Solid FA company, just need to clear this ESG hell Hope it continue to prosper 16/06/2022 11:08 AM Fabien _the efficient capital allocator Maximisation of operational efficiency bear fruits. Snapshot of FY2022 financial results - Revenue 2.32bil (up 3.12%) - Net profit - 173.4mil (up 30.14% against 133.24mil in 2021) - GP margin 13.99% - NP margin 7.47% - Operating CF - 50.98mil (about 29% of net income) - Capex 94.4mil invested in 650,000 sq ft facility in JB 13/08/2022 8:40 PM  BursaVulture 4 quarters of up already, you expect it to go up again? how old are you? 29/08/2022 6:20 PM investortrader88 https://www.theedgemarkets.com/article/skp-resources-1q-net-profit-145-increased-production-capacity-utilisation 29/08/2022 7:13 PM Alex Leow Sze Shen yes chairman passed away, that does not affect its performance 17/10/2022 7:03 PM BursaVulture The reduction in profit before tax for current quarter despite higher revenue for the current quarter ended 31 December 2022 was mainly due to new models having higher material contents and higher start-up cost incurred in relation to the new assembly lines that commenced to be in operations during the current quarter. The construction of the new factory building on a newly acquired land at Negeri Johor having land size of approximately 6.4 acres has commenced from January 2022 onwards and is expected to be completed by first quarter of calendar year 2023. 24/02/2023 6:48 PM  i3lurker Summary: STRONG SELL Moving Averages: SELL Buy (3)Sell (9) Technical Indicators: STRONG SELL Buy (1)Sell (7) RSI(14) 38.528 Sell STOCH(9,6) 44.633 Sell STOCHRSI(14) 71.035 Buy MACD(12,26) -0.030 Sell ADX(14) 45.750 Neutral Williams %R -60.000 Sell CCI(14) -35.2985 Neutral ATR(14) 0.0264 High Volatility Highs/Lows(14) -0.0043 Sell Ultimate Oscillator 49.945 Neutral ROC -3.268 Sell Bull/Bear Power(13) -0.0080 Sell Buy: 1 Sell: 7 Neutral: 3 Summary: STRONG SELL 26/02/2023 12:22 PM NatsukoMishima Dividen payout not solid cant sustain , over price , aroud 60 - 80 sens only consider ! 29/03/2023 1:11 PM  | |
