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churning from weak hands to strong hands. all eyes on the upcoming performance report. net profit adjusted higher post audit, two DBTs at 0.23/0.235, due diligence on RPM group acquisitions, conservative accounting with regards to the 29mil ecl last quarter.
it depends, hktee... tight cash flow if last quarter performance is a structural issue. not a problem if it is temporary. the usual quarterly sga for sfptech in the past is around 5 to 6mil. last quarter went haywire above 20mil. And, the mgmt has updated that they are receiving payment for the receivables now. Have to see the progress in upcoming report and the next report.
its a technical term, hktee. churning during a downtrend tends to be associated with accumulation/reversal in the making if you will. So, positive sign for technical traders. Vice versa, churning during an uptrend tends to be associated with distribution/reversal in the making. The case for sfptech is the volume involved in the churning process; not retailers if you will. Strong hands here referring to funds/institutions. I intend to stay long in sfptech unless there is evidence showing that its a structural problem from the balance sheet; which means my decision to stay/exit will be driven by the balance sheet. If you have entered sfp using technical indicators, you should stick to your technical requirements for entry/exit.
its the summary from the annual report, eren yaeger. Transition - SFP transitioning into international presence and footprint. Incorporated SFP Integration Private Limited, (“SIPL”) in Singapore and due diligence MoU with RPM group to acquire a stakes in it whereby it has presence in US and Korea. Transformation and Transcendence speaks about expansion into FOL equipment industry and lots of emphasis on enabling the infrastructure within the group particularly the cleanroom facilities. 7,300 sqft Class 10K Cleanroom (ISO 7) which is plant 3 first floor. AGM will be at 2nd floor. There are additional plans plans for further Class 10K Cleanroom expansion of approximately 25,000 sqft in FY2025 to fulfil the requirements of
existing and future direct end customers. The Group is also planning a Class 1K and Class 100 Cleanroom construction of approximately 1,000 to 2,000 sqft housing a semiconductor cleanliness grade Cleaning Line that is to be constructed and installed in FY2025. Alongside will be the construction of a Full Dark Room Inspection and Vacuum Packing facility.