[%uTGt%]
Research by TA
Buy – TP RM1.43

“Seeing Better Earnings Outlook"

Following our recent meeting with management, we remain upbeat about SKP’s outlook, underpinned by better order visibility from its key customer. On top of that, the group recently managed to secure 2 new customers, with an estimated total annual revenue to be around RM140.0mn. Meanwhile, the group has been receiving more business inquiries to provide assembly services thanks to trade diversion. Currently, the group is in the midst of discussion with a few prospective customers to fill up the extra floor capacity. Overall, we maintain a Buy call on SKP with an unchanged target price of RM1.43.

Analyst:
Chan Mun Chun 
[%CzUj%]

$KLSE-SKPRES
Research by TA
Buy – TP RM1.43

“Seeing Better Earnings Outlook"

Following our recent meeting with management, we remain upbeat about SKP’s outlook, underpinned by better order visibility from its key customer. On top of that, the group recently managed to secure 2 new customers, with an estimated total annual revenue to be around RM140.0mn. Meanwhile, the group has been receiving more business inquiries to provide assembly services thanks to trade diversion. Currently, the group is in the midst of discussion with a few prospective customers to fill up the extra floor capacity. Overall, we maintain a Buy call on SKP with an unchanged target price of RM1.43.

Analyst:
Chan Mun Chun 
mcchan@ta.com.my