Known as one of the Dyson's environment, SKP Resources Berhad (SKPRES) is a leader in plastics contract manufacturing with over 40 years of manufacturing experience in the electrical and electronics plastics industry. Part of their biggest customers are Dyson, Toshiba, Sony and much more. If you go to their website, they will flood you with Dyson's product, showing how big their reliance are to Dyson's reputation.
Let's look at the company's fundamental: Last price: RM1.5 Market Cap: 1.53bil PE Ratio: 17.28 (OK) ROE: 14.53 (OK) NTA: 0.490 (overvalue) Dividend: 3.8 (OK) Financially, the company is in steady positive net profit company over years. In term of institutional investor, EPF has been actively adding their shares in this counter last week. Good sign.
Last Friday's signaled for a bullish trend back. To be honest Im not so sure why, but the main reason why I'm looking at this counter is because of the institutional (EPF) move. Follow the shark!
Technically the chart is in steady uptrend, with nice volume observed last Friday. Will the bull trend after short bear continues?