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The good news - (1) TACO is still going after China and China +1 is still very much alive (2) Mr Market priced in all the negative possibilities; maximum pessimism :)
solid balance sheet and current assets >> total liabilities. Majority of the current assets are cash :) net current asset value at 492mil. That's how solid it is.
Dyson Malaysia to Dyson Singapore? The rise in exports was primarily underpinned by increased shipments to the United States (+RM18.1 billion), followed by Singapore (+RM8.1 billion), China (+RM5.4 billion), Taiwan (+RM3.1 billion), European Union (+RM2.7 billion), Japan (+RM2.6 billion) and Thailand (+RM2.5 billion). https://www.dosm.gov.my/portal-main/release-content/monthly-external-trade-statistics-june2026
natgate is driven by optimism on its datacom segment; optical/silicon photonics if you will. skpres has secured new clients for ems segment but yet to see significant volume from the new customers yet.
Aggressive share buyback :) an indication that it is undervalued / below intrinsic value and company investing in its own stock at an attractive price / maximum pessimism price :)
It seems the company is repurchasing shares because they feel the stock price is too low; this is good news, below 0.3 can be confirmed that it's the strongest bottom for now
if the group is able to maintain a 50% dividend payout there will be good news in the coming financial year for 2027, also note that the group approved share buyback for 10% the total number share issued from sept Y2025 to financial year 2026, this indicates that the group able to repurchase for another 8.4%, stay tuned for the group next moves
Maximum pessimism price to the extent that it is (1) below the book value / net tangible asset per share of 0.60 (2) below the valuation of 3% margin, 1.9% net margin (3) close to low twenties which is the net cash per share. Congrats to those that managed to add below thirty :)
As the company is cash rich, and it has just started operation for its latest 650k sqft mfg plant; 40mil capex in FY2025 and 50mil capex in fy2026. The cash is being put to good use since it's undervalued and the new plant has commenced operations.
I would assume the buyback will slow down at 5th floor. Well, unless margin recovery to 5% and higher gaining traction which will then push its value higher :)
believe not that easy, only if dyson increase the orderbook or secure more new customers with big contract like nvidia/tesla haha....china brand had stole dyson market share (dreame.laifen & etc)
good thing that mr market has priced in all the negativities at such price and company reinvesting in its own shares aggressively; below intrinsic value :)
Friday's announcement only showed share buybacks, with no disposal reported. I think the disposals have already ended, and now it's all about the buybacks. SKPRES has been very smart by buying back its shares at such a low price.
Just chillax and let the mgmt handle their business. They know the business/company better than anyone, so they know best :) skpres mgmt is not the type that simply buyback shares or spend unnecessarily on capex without good reason :)
one will have to decide to put the money into Skpres or VS if you can only choose one based on mgmt's track records and integrity if balance sheet strength is being ignored :)
Uncle agree with Paul Paul here...when you buy a home to live with your family you will scout the place first betul it's called scuttlebutt in investing unless it's just a trade with small amount and no ultimate conviction then you can just buy since it's a fraction of the portfolio betul
Within our EMS segment, we remained focused on diversifying our customer base. During the year, we successfully commenced production of garment-related products for a Europe-based customer and innovative printing equipment for a United States-based customer. These programme launches reflect the confidence our customers continue to place in SKP’s engineering capabilities and manufacturing expertise. We also continued the progressive ramp-up of operations at our new
manufacturing facility in Johor Bahru. Together with ongoing investments in automation and advanced production equipment,
the new facility enhances our manufacturing capacity and provides the flexibility to support future customer programmes as
they develop.
Our non-EMS business also continued to make encouraging progress. During the year, we secured several new customers,
expanded our product offerings and strengthened our regional presence.
not sure about past 10 years as I think SKP has just successfully onboarded the new customers the last one to two years. I agreed though that new customers scale up / ramp-up will be key from diversification perspective.
that's y, Skpres shouldn't rely on D anymore, should find a new route, and D is heavily rely on other countries on the EMS already, the world is changing
It's on-going and takes time. For now, skpres continued to ramp up the new plant at Johor to support customer D - We also continued the progressive
ramp-up of operations at our new
manufacturing facility in Johor
Bahru. Together with ongoing
investments in automation and
advanced production equipment,
the new facility enhances our
manufacturing capacity and
provides the flexibility to support
future customer programmes
You are welcome, Paul. Keep reading it. Go to the balance sheet and also the analysis of shareholdings :) solid balance sheet and entries of new foreign funds/insti.