WeiKoonCFAIn my opinion, the results are pretty good for the current financial year as to compare to the previous year, cumulatively. The whole of changi airport is using their products, and switchbox makers and electrical giants like ABB and KE Brown of Australia is taking from Fibon as well. Every house, factory, and building that uses electricity needs a switchbox. Plus, Fibon's earnings are majority earned in AUD and SGD, so we should expect a good year for Fibon, with the low ringgit in place as well. They are a cash rich, debt free company, there should be many good things awaiting in the coming financial quarters.
WeiKoonCFAOne more thing to not be forgotten is that they are slowly diversifying their businesses at the current moment, and they are backed by their major shareholder, the Ministry of Finance (MOF) and are currently growing in their new businesses of financing and factoring, and they are also now a CIDB G7 Main Con, with the current earnings and performance, considering that these new arms are still not in full fledged performance as they're newly set up, we hope that they will perform very well in the coming future.
WeiKoonCFAInvesting is also about expected future earnings and performance anyways, so I think Fibon will do very well, especially with the reasonably satisfying and good current quarter (its not that they're making losses anyways) just a minor difference in earnings figures, the difference may be due to their expansion and development of their new factory on their recently bought 33 acres of land. So take into the account the expenses and costs for that. It's not because Fibon is losing money, it may be due to that they are expanding, don't forget, its a good sign for Fibon.
CSPangForesee tomorrow morning Fibon will be selling down caused by lower PAT result and then rebound due to insider good news. This is their game plan and I will follow the trend to grab it at lower price for post-CNY angpao. Anyhow, trade at my & your own risk.
Kuanyee Sawso when the insider good news will be announced?..haha
CSPangKY, I don't know the exact date but He told me at the end of Feb. Normally, its share price will be frying up before news announcement like other stocks such as SYF, VS, Evergreen, etc. So I just follow the trend to earn a little bit pocket money if lucky.
UncleLim52Technically viewing, Fibon's support is standing very strong on December's resistance line, ending with a bullish engulfing candle. Bullish signal. Hopefully a good week is coming ahead of us. .