Highlights
KLSE: FPGROUP (5277)       FOUNDPAC GROUP BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.03   0.00 (0.00%)  1.01 - 1.06  4,894,400
Analyze this stock with MQ Trader system

Insider - Director

Hints :
[1] Click the View Detail icon table to view the detail page.

Click here to modify the Visible Columns.

Ann. Date Name Details of Changes Securities After Change View
Date Type No. of Shares Price Direct (%) Indirect (%) Total (%)
14-Jul-2020 TEOH LAY FUNG 13-Jul-2020 Disposed 1,180,000 0.968 0.08 0.00 0.08 View Detail
28-Feb-2020 TEOH LAY FUNG 27-Feb-2020 Acquired 130,000 0.848 0.30 0.00 0.30 View Detail
28-Feb-2020 TEOH LAY FUNG 26-Feb-2020 Acquired 50,000 0.880 0.30 0.00 0.30 View Detail
13-Jan-2020 CHAN BEE CHENG 13-Jan-2020 Acquired 1,000,000 0.265 0.26 0.00 0.26 View Detail
13-Jan-2020 MR LEE CHUN WAH 13-Jan-2020 Acquired 2,500,000 0.265 6.22 33.53 39.75 View Detail
13-Jan-2020 TEOH LAY FUNG 13-Jan-2020 Acquired 1,000,000 0.265 0.26 0.00 0.26 View Detail
13-Jan-2020 MR TAN CHEIK EAIK 13-Jan-2020 Acquired 1,000,000 0.265 0.33 0.00 0.33 View Detail
13-Jan-2020 MR ONG CHOON HENG 13-Jan-2020 Acquired 2,500,000 0.265 0.68 33.53 34.21 View Detail
06-Jan-2020 MR TAN CHEIK EAIK 02-Jan-2020 Disposed 2,000,000 0.820 0.15 0.00 0.15 View Detail
10-Oct-2019 MR TAN SIN KHOON 10-Oct-2019 Acquired 2,500,000 0.265 5.87 34.41 40.28 View Detail
18-Jul-2019 MR LEE CHUN WAH 18-Jul-2019 Acquired 398,200 0.340 6.01 34.95 40.96 View Detail
17-Jul-2019 MR LEE CHUN WAH 17-Jul-2019 Acquired 400,000 0.345 5.93 34.95 40.88 View Detail
17-Jul-2019 MR LEE CHUN WAH 17-Jul-2019 Acquired 1,800 0.340 5.93 34.95 40.88 View Detail
12-Jul-2019 MR LEE CHUN WAH 11-Jul-2019 Acquired 182,100 0.345 5.85 34.95 40.80 View Detail
12-Jul-2019 MR LEE CHUN WAH 09-Jul-2019 Acquired 200,000 0.330 5.85 34.95 40.80 View Detail
27-May-2019 MR LEE CHUN WAH 24-May-2019 Acquired 217,900 0.307 5.79 35.03 40.82 View Detail
27-May-2019 MR LEE CHUN WAH 23-May-2019 Acquired 500,000 0.324 5.79 35.03 40.82 View Detail
12-Apr-2019 MR LEE CHUN WAH 10-Apr-2019 Acquired 100,000 0.335 5.65 35.03 40.68 View Detail
12-Apr-2019 MR LEE CHUN WAH 09-Apr-2019 Acquired 200,000 0.338 5.65 35.03 40.68 View Detail
08-Apr-2019 MR ONG CHOON HENG 05-Apr-2019 Disposed 3,600,000 0.300 0.23 35.06 35.29 View Detail
08-Apr-2019 MR LEE CHUN WAH 05-Apr-2019 Disposed 3,600,000 0.300 5.60 35.06 40.66 View Detail
08-Apr-2019 MR LEE CHUN WAH 05-Apr-2019 Acquired 3,600,000 0.300 5.60 35.06 40.66 View Detail
08-Apr-2019 MR TAN SIN KHOON 05-Apr-2019 Disposed 3,600,000 0.300 5.50 35.06 40.56 View Detail
01-Apr-2019 MR LEE CHUN WAH 28-Mar-2019 Acquired 743,700 0.285 4.90 35.75 40.65 View Detail
28-Mar-2019 MR LEE CHUN WAH 27-Mar-2019 Acquired 313,600 0.290 4.76 35.75 40.51 View Detail
28-Mar-2019 MR LEE CHUN WAH 26-Mar-2019 Acquired 200,000 0.295 4.76 35.75 40.51 View Detail
28-Mar-2019 MR LEE CHUN WAH 25-Mar-2019 Acquired 200,000 0.295 4.76 35.75 40.51 View Detail
07-Jan-2019 MR LEE CHUN WAH 04-Jan-2019 Acquired 4,700 0.205 4.62 35.75 40.37 View Detail
20-Dec-2018 MR LEE CHUN WAH 19-Dec-2018 Acquired 138,000 0.205 4.62 35.75 40.37 View Detail
20-Dec-2018 MR LEE CHUN WAH 18-Dec-2018 Acquired 400,000 0.213 4.62 35.75 40.37 View Detail
20-Dec-2018 MR LEE CHUN WAH 17-Dec-2018 Acquired 200,000 0.220 4.62 35.75 40.37 View Detail
17-Dec-2018 MR LEE CHUN WAH 14-Dec-2018 Acquired 407,400 0.225 4.48 35.75 40.23 View Detail
17-Dec-2018 MR LEE CHUN WAH 13-Dec-2018 Acquired 303,100 0.225 4.48 35.75 40.23 View Detail
14-Dec-2018 CHAN BEE CHENG 13-Dec-2018 Disposed 300,000 0.225 0.08 0.00 0.08 View Detail
14-Dec-2018 CHAN BEE CHENG 12-Dec-2018 Disposed 726,100 0.226 0.08 0.00 0.08 View Detail
14-Dec-2018 CHAN BEE CHENG 11-Dec-2018 Disposed 373,900 0.225 0.08 0.00 0.08 View Detail
13-Dec-2018 MR LEE CHUN WAH 12-Dec-2018 Acquired 489,500 0.225 4.34 35.75 40.09 View Detail
13-Dec-2018 MR LEE CHUN WAH 11-Dec-2018 Acquired 467,600 0.225 4.34 35.75 40.09 View Detail
13-Dec-2018 MR LEE CHUN WAH 10-Dec-2018 Acquired 132,400 0.220 4.34 35.75 40.09 View Detail
11-Jun-2018 MR LEE CHUN WAH 06-Jun-2018 Acquired 500,000 0.235 4.14 35.79 39.93 View Detail
19-Mar-2018 MR LEE CHUN WAH 15-Mar-2018 Acquired 500,000 0.280 4.04 35.79 39.83 View Detail
19-Mar-2018 MR LEE CHUN WAH 14-Mar-2018 Acquired 500,000 0.290 4.04 35.79 39.83 View Detail
19-Mar-2018 MR TAN SIN KHOON 15-Mar-2018 Acquired 500,000 0.280 5.50 35.79 41.29 View Detail
26-Dec-2017 MR LEE CHUN WAH 21-Dec-2017 Acquired 150,000 0.510 3.85 35.79 39.64 View Detail
26-Dec-2017 MR LEE CHUN WAH 20-Dec-2017 Acquired 450,000 0.515 3.85 35.79 39.64 View Detail
26-Dec-2017 MR ONG CHOON HENG 21-Dec-2017 Acquired 150,000 0.510 0.23 35.79 36.02 View Detail
26-Dec-2017 MR ONG CHOON HENG 20-Dec-2017 Acquired 450,000 0.515 0.23 35.79 36.02 View Detail
26-Dec-2017 MR TAN SIN KHOON 21-Dec-2017 Acquired 150,000 0.510 5.41 35.79 41.20 View Detail
26-Dec-2017 MR TAN SIN KHOON 20-Dec-2017 Acquired 450,000 0.515 5.41 35.79 41.20 View Detail
21-Dec-2017 TEOH LAY FUNG 18-Dec-2017 Acquired 120,000 - 0.08 0.00 0.08 View Detail
20-Dec-2017 MR TAN SIN KHOON 18-Dec-2017 Acquired 43,280,000 - 5.41 35.68 41.09 View Detail
20-Dec-2017 MR TAN SIN KHOON 18-Dec-2017 Acquired 9,520,000 - 5.41 35.68 41.09 View Detail
20-Dec-2017 MR TAN SIN KHOON 18-Dec-2017 Acquired 8,000,000 - 5.41 35.68 41.09 View Detail
20-Dec-2017 MR ONG CHOON HENG 18-Dec-2017 Acquired 43,280,000 - 0.23 35.68 35.91 View Detail
20-Dec-2017 MR ONG CHOON HENG 18-Dec-2017 Acquired 9,520,000 - 0.23 35.68 35.91 View Detail
20-Dec-2017 MR ONG CHOON HENG 18-Dec-2017 Acquired 320,160 - 0.23 35.68 35.91 View Detail
20-Dec-2017 MR ONG CHOON HENG 18-Dec-2017 Acquired 17,840 - 0.23 35.68 35.91 View Detail
20-Dec-2017 MR LEE CHUN WAH 18-Dec-2017 Acquired 43,280,000 - 3.85 35.68 39.53 View Detail
20-Dec-2017 MR LEE CHUN WAH 18-Dec-2017 Acquired 9,520,000 - 3.85 35.68 39.53 View Detail
20-Dec-2017 MR LEE CHUN WAH 18-Dec-2017 Acquired 5,695,600 - 3.85 35.68 39.53 View Detail
19-Dec-2017 MR TAN CHEIK EAIK 18-Dec-2017 Acquired 800,000 - 0.54 0.00 0.54 View Detail
19-Dec-2017 CHAN BEE CHENG 18-Dec-2017 Acquired 520,000 - 0.35 0.00 0.35 View Detail
11-Dec-2017 MR LEE CHUN WAH 07-Dec-2017 Acquired 110,600 0.730 3.85 35.68 39.53 View Detail
07-Dec-2017 MR ONG CHOON HENG 04-Dec-2017 Acquired 44,600 0.735 0.23 35.68 35.91 View Detail
30-Nov-2017 MR LEE CHUN WAH 27-Nov-2017 Acquired 117,700 0.720 3.82 35.68 39.50 View Detail
27-Nov-2017 MR LEE CHUN WAH 23-Nov-2017 Acquired 500,000 0.720 3.79 35.68 39.47 View Detail
24-Nov-2017 TEOH LAY FUNG 22-Nov-2017 Acquired 100,000 0.715 0.08 0.00 0.08 View Detail
04-Oct-2017 MR ONG CHOON HENG 02-Oct-2017 Disposed 33,000,000 - 0.22 35.68 35.90 View Detail
29-Sep-2017 MR LEE CHUN WAH 28-Sep-2017 Disposed 5,133,000 0.833 3.65 35.68 39.33 View Detail
29-Sep-2017 MR LEE CHUN WAH 28-Sep-2017 Disposed 600,000 0.850 3.65 35.68 39.33 View Detail
29-Sep-2017 MR LEE CHUN WAH 27-Sep-2017 Disposed 3,130,000 0.856 3.65 35.68 39.33 View Detail
29-Sep-2017 MR LEE CHUN WAH 26-Sep-2017 Disposed 6,400,000 0.893 3.65 35.68 39.33 View Detail
29-Sep-2017 MR LEE CHUN WAH 26-Sep-2017 Disposed 5,000,000 0.950 3.65 35.68 39.33 View Detail
29-Sep-2017 MR LEE CHUN WAH 26-Sep-2017 Acquired 700 0.900 3.65 35.68 39.33 View Detail
29-Sep-2017 MR ONG CHOON HENG 26-Sep-2017 Disposed 5,000,000 0.950 0.22 44.60 44.82 View Detail
29-Sep-2017 MR TAN SIN KHOON 26-Sep-2017 Disposed 5,000,000 0.950 5.41 35.68 41.09 View Detail
18-Sep-2017 MR ONG CHOON HENG 14-Sep-2017 Disposed 33,000,000 0.800 0.22 45.95 46.17 View Detail
18-Sep-2017 MR ONG CHOON HENG 14-Sep-2017 Disposed 2,000,000 0.850 0.22 45.95 46.17 View Detail
18-Sep-2017 MR ONG CHOON HENG 14-Sep-2017 Acquired 33,000,000 0.800 0.22 45.95 46.17 View Detail
18-Sep-2017 MR LEE CHUN WAH 15-Sep-2017 Disposed 301,500 0.810 7.78 37.03 44.81 View Detail
18-Sep-2017 MR LEE CHUN WAH 14-Sep-2017 Disposed 2,000,000 0.850 7.78 37.03 44.81 View Detail
18-Sep-2017 MR LEE CHUN WAH 14-Sep-2017 Disposed 578,000 0.810 7.78 37.03 44.81 View Detail
18-Sep-2017 MR LEE CHUN WAH 13-Sep-2017 Disposed 257,500 0.810 7.78 37.03 44.81 View Detail
18-Sep-2017 MR TAN SIN KHOON 14-Sep-2017 Disposed 2,000,000 0.850 5.41 37.03 42.44 View Detail
18-Sep-2017 MR TAN SIN KHOON 13-Sep-2017 Disposed 2,651,400 0.810 5.41 37.03 42.44 View Detail
13-Sep-2017 MR TAN SIN KHOON 12-Sep-2017 Disposed 3,414,300 0.812 6.12 37.57 43.69 View Detail
13-Sep-2017 MR TAN SIN KHOON 11-Sep-2017 Disposed 2,204,300 0.815 6.12 37.57 43.69 View Detail
13-Sep-2017 MR TAN SIN KHOON 08-Sep-2017 Disposed 3,400,000 0.850 6.12 37.57 43.69 View Detail
13-Sep-2017 MR TAN SIN KHOON 08-Sep-2017 Disposed 1,330,000 0.815 6.12 37.57 43.69 View Detail
13-Sep-2017 MR LEE CHUN WAH 08-Sep-2017 Disposed 3,600,000 0.850 8.08 37.57 45.65 View Detail
17-Jul-2017 MR LEE CHUN WAH 14-Jul-2017 Transferred 99,000,000 - 9.06 37.57 46.63 View Detail
17-Jul-2017 MR LEE CHUN WAH 14-Jul-2017 Transferred 33,000,000 - 9.06 37.57 46.63 View Detail
17-Jul-2017 MR TAN SIN KHOON 14-Jul-2017 Transferred 99,000,000 - 8.92 37.57 46.49 View Detail
17-Jul-2017 MR TAN SIN KHOON 14-Jul-2017 Transferred 33,000,000 - 8.92 37.57 46.49 View Detail
17-Jul-2017 MR ONG CHOON HENG 14-Jul-2017 Transferred 99,000,000 - 9.14 37.57 46.71 View Detail
17-Jul-2017 MR ONG CHOON HENG 14-Jul-2017 Transferred 33,000,000 - 9.14 37.57 46.71 View Detail
18-May-2017 MR LEE CHUN WAH 17-May-2017 Acquired 230,000 0.860 0.14 64.32 64.46 View Detail
02-Mar-2017 TEOH LAY FUNG 01-Mar-2017 Acquired 50,000 0.715 0.05 0.00 0.05 View Detail
27-Feb-2017 MR LEE CHUN WAH 24-Feb-2017 Acquired 280,000 0.738 0.08 64.32 64.40 View Detail
27-Feb-2017 ONG CHOON HENG 24-Feb-2017 Acquired 110,000 0.739 0.22 64.32 64.54 View Detail
27-Feb-2017 ONG CHOON HENG 23-Feb-2017 Acquired 224,000 0.752 0.22 64.32 64.54 View Detail
07-Feb-2017 ONG CHOON HENG 07-Feb-2017 Acquired 96,400 0.750 0.13 64.32 64.45 View Detail
23-Jan-2017 TEOH LAY FUNG 20-Jan-2017 Acquired 50,000 0.705 0.04 0.00 0.04 View Detail
20-Jan-2017 ONG CHOON HENG 18-Jan-2017 Acquired 120,000 0.720 0.10 64.32 64.42 View Detail
20-Jan-2017 ONG CHOON HENG 17-Jan-2017 Acquired 250,000 0.740 0.10 64.32 64.42 View Detail
Trade this stock and receive a FREE I3investor T-shirt after 5 trades. Find out more.

  9 people like this.
 
crawler speculator will be always a speculator... know your facts and the fair values of the stock before investing
13/10/2020 12:24 PM
karimboss Jz wonder where is Goorashen...Haiya
13/10/2020 2:43 PM
Miracleray Invest based on the company bro not those external factors. Dont understand why people become so panic when some news out.
13/10/2020 4:34 PM
karimboss Jz wonder where is Goorashen...Haiya
But appear at INARI and PENTA...Haiya
14/10/2020 9:59 AM
karimboss Haiya, still struggle at 1.01.....tell u d ma, dun chase high when at 1.08 kikiki
14/10/2020 7:30 PM
karimboss You see penta, uwc, karim boss stock, supermx all up crazy huat lo...kikiki really dumbo crab gurashen
14/10/2020 7:31 PM
karimboss Haiya, Remember oo.

Don’t get influence by bad energy. Ignore the haters
14/10/2020 7:34 PM
DindingJalan soon explode up
14/10/2020 8:21 PM
karimboss Where kurashen...1.05 already, cepat claim credit said u buy at 0.9 and still hold...kikiki, really dumbo crab clown
15/10/2020 12:20 PM
karimboss GOGOGO, finally wake up
15/10/2020 2:44 PM
GooShen Strong shoot up today !!!! Keep it up !!! More to come. This company is good.
15/10/2020 4:03 PM
GooShen Proven I am excellent GooShen!!!
15/10/2020 4:06 PM
karimboss Kurashen u sold at 1.03... got buy or not
15/10/2020 4:39 PM
karimboss hari hari claim credit sini sana..haiya
15/10/2020 4:39 PM
BursaHodler Posted by GooShen > Oct 12, 2020 9:12 AM | Report Abuse

I sold 1.03, move to other place already. You not updated ??? Kikiki~~~
12/10/2020 9:26 AM
15/10/2020 4:39 PM
DindingJalan once i see gooshen said sold, then i know will explode up.. what a light bulb
15/10/2020 8:53 PM
Fadzli Alias Gooshen sold, baru jalan.....hahah
15/10/2020 9:01 PM
GooShen Only me dare to tel you to hold when it is below 1.00, now 1.09, and more upwards ahead, proven I am excellent GooShen!!!!

Haters just hate. Let them be.
16/10/2020 9:02 AM
crawler i like this comprehensive introduction video for FPGROUP-> https://klse.i3investor.com/blogs/kianweiaritcles/2020-10-14-story-h1534645506.jsp
16/10/2020 9:56 AM
GooShen Great one. Thank for sharing, let’s hold and make Fpgroup great !!!
16/10/2020 10:11 AM
Dakewlest Any TP?
16/10/2020 4:25 PM
BursaHodler GooShen WHO study mentioned remdesivir fail in covid19 death.
How will global market react ? Be prepared for a huge dip in near future !
16/10/2020 12:38 PM
19/10/2020 9:02 AM
GooShen This is not tech stock, you understand? Today continue to test new high, gogogo
19/10/2020 9:04 AM
BursaHodler did i say tech stock? you understand??
19/10/2020 9:42 AM
GooShen My comment is targeting tech but you make it out of context here. You really hater number 1
19/10/2020 11:46 AM
karimboss SELL SELL, TRUMP ELECTION WILL SHAKE the MARKET
20/10/2020 4:28 PM
karimboss Haiya See dunwan sell. Those who chase high at 1.08 taste now?
21/10/2020 9:26 AM
tamp0i I am waiting at 0.80 please come again hehe
21/10/2020 9:48 AM
2021willnotbetter 1.00 enter, 1.10 exit, repeat , 10% profit consistently.
21/10/2020 11:57 AM
amateurJR LOL this kind of profit u also dare to mention out. Joker!
21/10/2020 11:57 AM
Fadzli Alias Wow.......lucky who can buy at 1.00.....
21/10/2020 12:39 PM
karimboss Soon u all can buy below RM0.9
21/10/2020 1:19 PM
Steve Ooi 1. Test Socket
Function of Test Socket - to test new chips ( 7nm, 5nm, potentially 3nm in 2024).
-mainly OSAT companies, who are them?

2. Stencil Maker
How potential is DSSB?
What is DSSB performance?
PAT for DSSG
FY 2018 RM 1.9 mil
FY 2019 RM 3.4 mil
FY 2020 RM 4.0 mil (MCO affect Qtr 3 and Qtr 4, else performance even better)
Can you see the potential of DSSB? DSSB make profit every quart since FPG acquire, and it profit grow quarter to quarter.

In recent market, a lot will think market will collapse. But base on my experience, you can't time the market you will never know when the market good or bad. Even market is bad, company with potential will still performing.

FY 2020 revenue achieve RM 50mil marks? these revenue improvement is mainly due to increase in HONG KONG, CHINA and TAIWAN sales. I do not need to mention these company right?

Peer comparison, JFTech is shadow of FoundPac, JFTech PE 118(RM 4.21) and FoundPac PE34 ( RM 1.03). Quarter 1 & 2 is the best performing quarter for FoundPac, and WHY?This is because DSSG post RM 1.4 mil & RM 2.1mil respectively.

Rgs
Ooi
21/10/2020 2:14 PM
Young Money An undiscover gem that won't stay that way for long.
STAR pick.
22/10/2020 10:48 AM
karimboss So you know why JFTECH still can go up even PE high. Kikiki
22/10/2020 10:49 AM
Steve Ooi China Prospect. Not to forgot FPG CHINA, HK and TAIWAN sales growing.
In term of yield ofcos JFTECH win, but in term of growth definitely FoundPac.

karimboss So you know why JFTECH still can go up even PE high. Kikiki
22/10/2020 10:49 AM
22/10/2020 11:32 AM
karimboss Election Trump Vs Biden
Virus Bo Vaccine
Politic Malaysia

SELL SELL SELL TRIGGER
22/10/2020 2:55 PM
karimboss Turn Red lol...
Still dunwan cut...trigger mari liao..
See the dumb crab keep buy, u think u can control the price... Dumbo
22/10/2020 3:35 PM
karimboss Buy Rate only 29%
More Down Coming Soon
22/10/2020 3:53 PM
ashmira relax karimboss. when go down we collect more. still waiting to drop around 0.5 - 0.7 if possible. that my range. Don't panic. Relax. :). Unless for the peoples that use margin. You guys should be panic. >_<.
22/10/2020 3:57 PM
karimboss Dun Panic Yo...Buy Rate Drop to 26% now... Haiya
22/10/2020 4:07 PM
karimboss Dun Panic Yo...Buy Rate Drop to 26% now... Haiya
22/10/2020 4:07 PM
ashmira Don't panic, as an investor. Still waiting to drop to 0.5 - 0.7. if drop i'm happy to collect more ticket. my aim is next 3 years from now. not urgent to sell it for tiny profit. at least 300% and more.
23/10/2020 9:41 AM
Value_Investor_888 If JFTECH worth above RM5, FPGROUP should simply worth mare than RM2....Really funny to see the market behaved in this way...
23/10/2020 11:46 AM
ashmira i know how you feel. good company but price not moving. JFtech average volume is small. that why easy to move up and down. its ok chance to collect more. im also waiting for JFTech on big retracement. sold too early. thought 3.50 is already high. then its go 5. haha.
23/10/2020 12:19 PM
gemfinder so lousy compared to jftech… same bisnes ma. not moving
23/10/2020 12:57 PM
karimboss Darurat Mari lo
Still holding share gah
23/10/2020 4:14 PM
Fadzli Alias Manage to buy again 250 lot at 1.03 after sold all 500 lot at 1.08*(1.01) at morning..... Tq panic seller.....
23/10/2020 8:46 PM
Fong YM Same source told me coming quarter result start with 5******.
Performance doing so well mainly because of good performance from laser stencil.


Stock: [FPGROUP]: FOUNDPAC GROUP BHD

Aug 17, 2020 10:54 AM | Report Abuse

No why purely just because result very good, start with 4****** .
Is this result acceptable?
Anyway that just rumor.
23/10/2020 10:59 PM
alexlee06037 Another company that is considering to list its subsidiary is property developer Mah Sing Group Bhd, which recently announced that it was exploring the possibility of listing its manufacturing division separately from the group to further unlock its value, although the group did not divulge further information.

IT is interesting to observe the outcomes when a listed company embarks on a spin-off and list its subsidiary. Typically, a subsidiary is listed to unlock greater value.
In the case of Foundpac Group Bhd, the precision engineering services provider and laser stencil manufacturer is mulling the listing of its 75%-owned subsidiary Dynamic Stencil Sdn Bhd (DSSB).
DSSB’s primary business activity is the manufacture and sales of laser stencils.

Citing sources, Bloomberg said Sime Darby has held discussions with potential advisers for an IPO of Ramsay Sime Darby Health Care Sdn Bhd, with a listing on Bursa Malaysia to potentially happen as early as 2021.
Plans to list DSSB are still preliminary, as FoundPac clarified on Monday in a Bursa Malaysia filing.
It said it is “still exploring on the options available and has not set a specific time frame for the initial public offering (IPO) plan”.
“Although the IPO plan is likely to be on Ace Market if it is to be listed in Malaysia, FoundPac is still exploring other available options including listing on other stock exchanges which can offer DSSB a better valuation, ” it said. It is interesting to note that FoundPac recorded a net profit margin of 33.43% and a pre-tax profit margin of 41.7% for the financial year ended June 30,2020 (FY20).
Given FoundPac’s impressive profit margins – it had a low turnover of RM51.05mil and a net profit of RM17.07mil – the plans to list DSSB may be viewed as a move that will dilute the group’s earnings.
Noting that possible outcome, an industry observer explains that the benefits of listing a subsidiary outweighs the drawbacks.
“The listing of the subsidiary will give the company a better profile, making it easier for fundraising, if needed.
“It will also enable the subsidiary to embark on merger and acquisition activities for expansion and growth.
“Additionally, there will be a more accurate valuation ascribed to the company, particularly if the holding company has a greatly diversified portfolio of subsidiaries, ” he says.
While FoundPac may lose out in terms of earnings contribution from DSSB after the listing, it remains to be seen how the shareholding will be like when the potential IPO is structured.
Should FoundPac retain a significant equity in DSSB after the IPO, part of DSSB’s earnings will be reflected in FoundPac’s books.
Since its acquisition in November 2017, DSSB has reported a net profit of RM1.78mil in FY18, RM3.43mil in FY19 and RM4mil in FY20. DSSB’s business was affected by a supply chain disruption and movement control order (MCO) caught for about four months this year.
The prospects for FoundPac are riddled with many uncertainties from the impact of Covid-19 and its compounding effects on global and national rates of economic growth.
Despite the more challenging market outlook, the board of FoundPac remains cautiously optimistic about its prospect in the coming year.
“Our group will continue to uphold our core and long-term strategy to focus on business expansion and diversification, product development, as well as business process optimisation through lean implementation across all operations in the organisation, ” says FoundPac in its 2020 annual report.
As of Friday, FoundPac traded at a historical price-earnings multiple of 34.56 times.
Since hitting a low of 41 sen in March this year, FoundPac’s share price has surged 151% to RM1.03 at Friday’s close.
Another company that is considering to list its subsidiary is property developer Mah Sing Group Bhd, which recently announced that it was exploring the possibility of listing its manufacturing division separately from the group to further unlock its value, although the group did not divulge further information.
24/10/2020 3:01 PM


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Stock Screener using Technical and Fundamental criteria
MQ Affiliate
Join the MQ Affiliate Program today to earn rewards
 
 

268  670  531  700 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 MRDIY 1.75+0.15 
 VSOLAR 0.03-0.005 
 ASB 0.185+0.02 
 MAHSING 0.98-0.06 
 LUSTER 0.17-0.005 
 KGROUP-OR 0.0050.00 
 IRIS 0.26-0.005 
 KANGER 0.1750.00 
 CAREPLS 3.71-0.07 
 SAPNRG 0.100.00 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
PARTNERS & BROKERS