Highlights
KLSE: FPI (9172)       FORMOSA PROSONIC INDUSTRIES MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
1.68   +0.02 (1.20%)  1.63 - 1.68  946,800
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Overview

Market Cap: 420 Million
NOSH: 250 Million
Avg Volume (4 weeks):1,054,385
4 Weeks Range:1.52 - 1.78
4 Weeks Price Volatility (%):
61.54%
52 Weeks Range:1.48 - 1.86
52 Weeks Price Volatility (%):
52.63%
Average Price Target: 2.22
Price Target Upside/Downside: +0.54
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2019 [#4]  |  20-Feb-2020
Next QR | Est. Ann. Date: 31-Mar-2020  |  24-May-2020
T4Q P/E | EY: 10.07  |  9.93%
T4Q DY | Payout %: 6.55%  |  65.93%
T4Q NAPS | P/NAPS: 1.25  |  1.34
T4Q NP Margin | ROE: 5.45%  |  13.35%

Headlines

Date Subject
25-Feb-2020 Technical Buy - FPI (9172)
21-Feb-2020 [转贴] 5分钟看懂 FPI(9172) 2019年 Q4季报 ~ 第一天
21-Feb-2020 [转贴] My F.M. - 水星
20-Feb-2020 Trading Stocks - Formosa Prosonic Industries
20-Feb-2020 Stocks on Radar - Formosa Prosonic Industries (9172)
20-Feb-2020 台湾联友挑战RM1.80/敏源
13-Feb-2020 Stocks on Radar - Formosa Prosonic Industries (9172)
08-Jan-2020 Trading Stocks - Formosa Prosonic Industries
03-Jan-2020 [转贴] 2020年天哥精选好公司之第1集 ~ FPI (9172) ~ 第一天
10-Dec-2019 Trading Stocks - Formosa Prosonic Industries
09-Dec-2019 高息股(一)FORMOSA PROSONIC INDUSTRIES BERHAD (FPI)
04-Dec-2019 [转贴] 【季报抢先看】 【FPI】 - 东方鹿丸
27-Nov-2019 FPI - An U-Turning Great Opportunity Stock for last opportunity to grab!
19-Nov-2019 Formosa Prosonic Industries - Divesting the Last Australian Project - Solid Net Cash, Strong DY and Attractive Valuations
18-Nov-2019 [TRV] Formosa Prosonic Industries Berhad (FPI)
15-Nov-2019 [转贴] 不要嫌弃其实不错的FPI业绩 - harry
15-Nov-2019 PublicInvest Research Headlines - 15 Nov 2019
15-Nov-2019 Mplus Market Pulse - 15 Nov 2019
05-Nov-2019 Daily Technical Highlights – (TOPGLOV,FPI)
26-Aug-2019 Trading Stocks - Formosa Prosonic Industries

Business Background

Formosa Prosonic Industries Bhd is a Malaysian based company. Together with its subsidiaries the company is engaged in manufacturing and sales of speaker systems, investment holding, provision of system development and solutions for business software. Its reportable segments are Malaysia and United Kingdom with the majority of the revenue generated from Malaysia.Its product portfolio includes wireless speaker products, conventional speaker products, musical instrument products and acoustic products. It also offers services including design services, manufacturing services, supply chain support and quality systems.
Trade this stock for as low as 0.05% brokerage. Find out more.

  6 people like this.
 
uptrending Adj Prosp EPS (Sen) Adj DPS (Sen)
18.00
Adj Prosp PER Prosp DY (%) 8.89
FYE DEC 18 MSEB Sector Consumer Products & Services
DQ Rating 5.0
Price Info
Latest PX as at 11.02.2020(RM) 1.60
Latest 12 Months PX Range (RM) 1.48 - 1.86
Adj 5 Years PX Range (RM) 0.70 - 2.07
MKT CAP (RM'000) 395,773
Earnings Info
Adj EPS (Sen) - 5 Yr Avg 9.20
Adj EPS (Sen) - Prev FY 16.64
Adj EPS (Sen) - Latest FY 14.81
Adj EPS (Sen) - Prosp FY 18.00
Dividend Info
Adj DPS (Sen) - 5 Yr Avg 8.60
Adj DPS (Sen) - 2019 12.00
Adj DPS (Sen) - 2020
Market Valuation
Adj MR PER - 5 Yr Avg 10.71
Adj PER - 5 Yr Range 4.99 - 18.98
Adj PER - Latest 10.80
Adj PER - Prosp 8.89
Adj DY (%) - 5 Yr Avg 6.66
Adj DY (%) - 5 Yr Range 4.49 - 9.64
Latest DY (%) on 19 DPS 7.50
12/02/2020 8:38 PM
hng33 add FPI at 1.64, awaiting now for FPI deliver Q4 result + dividend next week.
14/02/2020 3:46 PM
no buy no feel love this undervalue shares .. tp 2.5
15/02/2020 11:58 AM
uptrending Present value of Dividend Income model is RM2. 78

Data and assumptions
Price $1.66
Initial dividend, D0 sen 0.100
Next year dividend, sen 0.110
Dividend growth next 10 years, G 10%
Terminal growth. G 3%
Discount rate, r 9.3%
Valuation
Year, t 0 1 2 3 4 5 6 7 8 9 10 11
Future dividend, Df=D0*(1+G)^t 0.100 0.110 0.121 0.133 0.146 0.161 0.177 0.195 0.214 0.236 0.259 0.267
Discount factor, DF=1/(1+r)^t 0.915 0.837 0.766 0.701 0.641 0.587 0.537 0.491 0.449 0.411
PV of annual dividend at Supernormal growth=Df*DF 0.101 0.101 0.102 0.103 0.103 0.104 0.105 0.105 0.106 0.107
Sum of PV of annual dividend at supernormal growth, PVSG 1.036
TV of dividend at year TV10= D10*(1+g)/(r-g) 4.241 4.24
PV of TV10, TVPV=TV10/(1+r)^10 1.743 Price, P
Intrinsic value, IV=PVSG+TVPV 2.78 > $1.66 by 67.4%
MOS=(IV-P)/IV 40%
18/02/2020 9:38 AM
kenken85 this is the latest update?? let's pray a good result n div
18/02/2020 7:29 PM
hng33 Courting down time for Q4 result + dividend by end of these week.
19/02/2020 9:47 AM
Rex Ang tutup mata..2.00
19/02/2020 1:35 PM
coolio Slow and steady..hehe
19/02/2020 9:50 PM
Richard Wong Fpi Q4 result double, will break RM2 very soon
20/02/2020 10:37 AM
vcinvestor I think we need to temper our expectations of FPI's 4Q result.

Historically, (FY18, FY17, FY16) the 3rd quarter has always been FPI's best reporting quarter so it is quite unlikely to show q-o-q growth and furthermore, FPI has been experiencing contraction in its gross margins for FY19 (YTD gross margin is 10.2% vs. 12.7% in 9M18).

While I do hope for a solid 4Q result and dividend, let's not get ahead of ourselves.
20/02/2020 10:53 AM
Richard Wong hi vcinvestor, fpi going up soon before and after quarter result
20/02/2020 11:37 AM
Richard Wong fpi 1.75 got big big sapu habis 300,000shares
20/02/2020 11:46 AM
Richard Wong fpi go go go 1.77 now
20/02/2020 11:51 AM
idunwork Can sense something good is coming
20/02/2020 12:05 PM
PaulNewman FPI getting the recognition they deserve. With China factories going offline, FPI might get more orders?
20/02/2020 12:22 PM
uptrending Richard Wong Fpi Q4 result double, will break RM2 very soon
20/02/2020 10:37 AM

How Sure?
20/02/2020 1:11 PM
uptrending Dec18 4 148,983 8,179 6,270 2.50 Malaysia Stock - KLSE Quarter Report History


4Q19 double means 5 cents per share
20/02/2020 1:15 PM
uptrending Full year would be 18.2 cent then.. as projected by an investment guru, 18 cent..

Projected Dividend 12 cent? :)
20/02/2020 1:17 PM
OneSmallStep 11 cents dividend.... Very happy...
20/02/2020 6:00 PM
uptrending @1.76
11 cent dividend yields 6.25 %

Where to find?
EPF also can't afford to pay the contributors 6%..
20/02/2020 6:07 PM
lcng123 19Q4 result : YoY +43.68% QoQ -43.29%
20/02/2020 6:08 PM
zhangliang agree 100%
20/02/2020 6:08 PM
uptrending There is seasonality in this business. Only compare YoY and not QoQ

Annual EPS
FY 18.... 14.8 cent
FY 19.....16.9 cent
Growth in EPS, 14.2%

Dividend
FY 18, 10 cent
FY 19, 11 cent
Growth in Dividend, 10%

:)
20/02/2020 6:30 PM
PaulNewman Great result!
20/02/2020 6:35 PM
PaulNewman 45% of the market cap of RM 200m is cash. The board should announce a special dividend or a share buy back if they have no good use of the extra cash.
20/02/2020 6:40 PM
uptrending The company likes to hoard CASH as one of their INVENTORIES. :)

and they pay good dividends
20/02/2020 6:50 PM
wakarimas result drop so much.... has come to the end of growing......Gone
20/02/2020 7:06 PM
no buy no feel highest dividend ever good good nice nice
20/02/2020 8:53 PM
PotentialGhost Excellent 11cts dividends
20/02/2020 9:33 PM
Jarklp wow, operating cash flows increase more than RM55m in Q4. Good quarter, good dividend.
20/02/2020 9:43 PM
coolio Gap up tomorrow
20/02/2020 10:29 PM
uptrending Zero Debt
Holding rm200 million cash
Cash per share, 80 cents..

OMG
21/02/2020 12:10 AM
LiimInvest https://windscopo.blogspot.com/2020/02/5-fpi9172-2019-q4.html
21/02/2020 8:44 AM
LiimInvest Excellent 11cts dividend
21/02/2020 8:46 AM
hng33 sold back all at 1.77
21/02/2020 9:06 AM
sp33d Added more @ 1.73
21/02/2020 9:47 AM
Jack888 slowly collect...will be uptrend later.
21/02/2020 9:48 AM
zhangliang buy on weakness good!
21/02/2020 1:28 PM
bsngpg I q to buy more <1.70. See if the q will be matched.
21/02/2020 1:33 PM
Angel of KLSE 大马股仙 Please teach me why result good FPI shares price dropping? What's wrong with the result?
21/02/2020 2:52 PM
no buy no feel add more 1.71, i will use 500 k to add on 1.71
21/02/2020 3:18 PM
Patrick13 Share price already up from 1.6x last week to 1.76 yesterday. It's normal that some people take profit today.
21/02/2020 4:43 PM
dlau8899 Good dividend stock,profit grow.
21/02/2020 10:57 PM
Patrick13 Bought at 1.67.
24/02/2020 11:29 AM
DTZW 1882 Me too...topuped
24/02/2020 12:38 PM
Fabien "The Efficient Capital Allocater" Bought a bulk at 1.68 in the morning

FPI is 5th largest holding
24/02/2020 7:56 PM
Fabien "The Efficient Capital Allocater" net cash 50% of market cap should in theory provides a floor, capping the downside

but well, human sentiment is unpredictable. and we investors are not here to predict human psychology

in less than 2 months time, i will get 11sen dividend
24/02/2020 8:21 PM
freetrade good to be here. long term steady stocks
25/02/2020 6:10 AM
antoniomc27 Hi Fabien,
I heavily bought latest FPI dips too. Value shall emerge and, if it doesn't, the 6%+ DY will take good care of this holding.
25/02/2020 12:50 PM
LiimInvest Technical Buy - FPI (9172)
Author: PublicInvest Publish date: Tue, 25 Feb 2020, 9:35 AM
Close


Target Price: RM1.78, RM1.83
Last closing price: RM1.66
Potential return: 7.2%, 10.2%
Support: RM1.65
Stop Loss: RM1.58
25/02/2020 1:02 PM


 

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