SKPRES, valuable penny stock

>> Monday, November 30, 2009

Company Profile
SKP Resources Bhd., an investment holding company, engages in the manufacture and sale of plastic parts and components for electronic and electrical products in Malaysia. It offers plastic parts and components for computer, video, audio, and related accessories.Client include HP,Dyson,Sharp,Pioneer...

Financial Result
For the past 4 FY, SKPRES EPS has been consistent with average of RM0.022 apart from RM0.005 on FY09.Which along with economic downturn and higher cost of goods sold. However, FY10 year to date result shows some recovery, with EPS stand at RM0.013. As it already recorded 6 months net income of RM6.8mil, twice as much as net profit of FY09.


Company Valuation
With net working capital of RM0.10 ps, it is very cheap(26/11/09 closing = RM0.16) That means we only pay RM0.06 ps for its fix assets. Short term borrowing has been reduce to RM213,000 as we can simply ignore.

My View
By only paying RM0.06 ps for this stock, it is a bargain. 3 years of EPS RM0.02 will pay back your investment. Electronic products demand shows some recovery as consumers start spending again.

0 comments:

Post a Comment

  © Blogger template Simple n' Sweet by Ourblogtemplates.com 2009

Back to TOP