Malaysian Market Update: SKP Resources protected five-year Dyson contract
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SKP Resources secured an additional five-year contract from its key customer Dyson, this time round likewise for the assembling of cordless vacuum cleaners, however probably of an alternate variation.
The honor comes notwithstanding a RM400 million five-year contract which it secured back in May.
While no quantum was uncovered, PublicInvest Research takes note of that there could be a shot of upside income amazements ought to the agreement worth be bigger than anticipated.
The examination house is likewise of the perspective Dyson's normal development in the following couple of years would likely advantage the gathering, who is a key assembling accomplice of Dyson.
Importance: Coupled with expanded limit emerging from recently procured auxiliaries and from its own development, PublicInvest Research predicts an income compound yearly development rate of no less than 50 percent in the following three years for SKP. Therefore, the examination firm has looked after its "Outflank" approach the stock, with an objective cost of RM1.71.
This is the early morning Malaysian Stock market update, if you are going to Invest in KLSE Stock Market update yourself as well as get the daily stock signals & recommendations here. Visit MMFSolutions.my
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