Highlights
KLSE: FIHB (8605)       FEDERAL FURNITURE HOLDINGS M BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.445   0.00 (0.00%)  0.42 - 0.45  937,400
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Financials


Market Cap: 52 Million

Market Cap 52 Million
NOSH 116 Million

Latest Audited Result:  30-Jun-2020

Latest Audited Result: 30-Jun-2020
Announcement Date 30-Oct-2020
Next Audited Result: 30-Jun-2021
Est. Ann. Date: 30-Oct-2021
Est. Ann. Due Date: 27-Dec-2021

Latest Quarter:  30-Sep-2020 [#1]

Latest Quarter: 30-Sep-2020 [#1]
Announcement Date 25-Nov-2020
Next Quarter: 31-Dec-2020
Est. Ann. Date: 27-Feb-2021
Est. Ann. Due Date: 01-Mar-2021
QoQ | YoY   306.82%  |    -47.02%

Annual (Unaudited) ( EPS: 4.04, P/E: 11.02 )

Revenue | NP to SH 116,213  |  4,689
RPS | P/RPS 100.09 Cent  |  0.44
EPS | P/E | EY 4.04 Cent  |  11.02  |  9.07%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.90  |  0.49
YoY   -42.63%
NP Margin | ROE 4.29%  |  4.49%
F.Y. | Ann. Date 30-Jun-2020  |  27-Aug-2020

T4Q Result ( EPS: 3.48, P/E: 12.78 )

Revenue | NP to SH 94,796  |  4,043
RPS | P/RPS 81.64 Cent  |  0.55
EPS | P/E | EY 3.48 Cent  |  12.78  |  7.82%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.93  |  0.48
QoQ | YoY   -13.78%  |    -47.93%
NP Margin | ROE 4.48%  |  3.75%
F.Y. | Ann. Date 30-Sep-2020  |  25-Nov-2020

Annualized Result ( EPS: 2.51, P/E: 17.74 )

Revenue | NP to SH 85,968  |  2,912
RPS | P/RPS 74.04 Cent  |  0.60
EPS | P/E | EY 2.51 Cent  |  17.74  |  5.64%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -37.90%  |    -47.02%
NP Margin | ROE 3.35%  |  2.70%
F.Y. | Ann. Date 30-Sep-2020  |  25-Nov-2020


Hints :
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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
30-Jun-2021 25-Nov-2020 30-Sep-2020 1 21,492 1,147 721 728 - 107,897 - % 3.35% 0.67% 114,358 18.79 18.51 0.64 0.63 0.00 0.00 0.9435 0.93   306.82%   -47.02% 30-Sep-2020 0.385 2.05 60.48 0.41 1.65% 0.00% 25-Nov-2020 0.445 2.37 69.90 0.47 1.43% 0.00%
30-Jun-2020 27-Aug-2020 30-Jun-2020 4 5,861 -1,213 -459 -352 - 104,439 - % -7.83% -0.34% 107,084 5.47 5.05 -0.33 -0.30 0.00 0.00 0.9753 0.90   -125.47%   -114.28% 30-Jun-2020 0.445 8.13 -135.38 0.46 -0.74% 0.00% 27-Aug-2020 0.425 7.77 -129.29 0.44 -0.77% 0.00%
30-Jun-2020 29-Jun-2020 31-Mar-2020 3 21,269 2,278 1,564 1,382 - 105,447 - % 7.35% 1.31% 106,890 19.90 18.32 1.29 1.19 0.00 0.00 0.9865 0.91   -39.52%   -27.22% 31-Mar-2020 0.15 0.75 11.60 0.15 8.62% 0.00% 29-Jun-2020 0.44 2.21 34.03 0.45 2.94% 0.00%
30-Jun-2020 27-Feb-2020 31-Dec-2019 2 46,174 3,461 2,419 2,285 - 104,891 - % 5.24% 2.18% 106,412 43.39 39.77 2.15 1.97 0.00 0.00 0.9857 0.90   66.30%   12.73% 31-Dec-2019 0.32 0.74 14.90 0.32 6.71% 0.00% 27-Feb-2020 0.275 0.63 12.81 0.28 7.81% 0.00%
30-Jun-2020 26-Nov-2019 30-Sep-2019 1 42,909 2,175 1,458 1,374 - 101,259 - % 3.40% 1.36% 106,275 40.38 36.95 1.29 1.18 0.00 0.00 0.9528 0.87   -44.26%   -22.90% 30-Sep-2019 0.39 0.97 30.17 0.41 3.32% 0.00% 26-Nov-2019 0.365 0.90 28.23 0.38 3.54% 0.00%
30-Jun-2019 29-Aug-2019 30-Jun-2019 4 58,823 3,324 2,231 2,465 - 99,692 - % 3.79% 2.47% 105,584 55.71 50.66 2.33 2.12 0.00 0.00 0.9442 0.86   29.81%   71.42% 28-Jun-2019 0.375 0.67 16.06 0.40 6.23% 0.00% 29-Aug-2019 0.39 0.70 16.71 0.41 5.99% 0.00%
30-Jun-2019 27-May-2019 31-Mar-2019 3 41,277 2,911 1,995 1,899 - 98,664 - % 4.83% 1.92% 105,354 39.18 35.55 1.80 1.64 0.00 0.00 0.9365 0.85   -6.31%   164.12% 29-Mar-2019 0.50 1.28 27.74 0.53 3.60% 0.00% 27-May-2019 0.43 1.10 23.86 0.46 4.19% 0.00%
30-Jun-2019 27-Feb-2019 31-Dec-2018 2 55,842 2,949 1,986 2,027 - 96,271 - % 3.56% 2.11% 104,904 53.23 48.09 1.93 1.75 0.00 0.00 0.9177 0.83   13.75%   83.27% 31-Dec-2018 0.32 0.60 16.56 0.35 6.04% 0.00% 27-Feb-2019 0.37 0.70 19.15 0.40 5.22% 0.00%
30-Jun-2019 29-Nov-2018 30-Sep-2018 1 50,555 2,635 1,668 1,782 - 96,345 - % 3.30% 1.85% 104,191 48.52 43.54 1.71 1.53 0.00 0.00 0.9247 0.83   23.92%   217.65% 28-Sep-2018 0.36 0.74 21.05 0.39 4.75% 0.00% 29-Nov-2018 0.315 0.65 18.42 0.34 5.43% 0.00%
30-Jun-2018 30-Aug-2018 30-Jun-2018 4 23,699 1,738 2,051 1,438 - 97,333 - % 8.65% 1.48% 107,160 22.12 20.41 1.34 1.24 0.00 0.00 0.9083 0.84   100.00%   13,172.73% 29-Jun-2018 0.36 1.63 26.83 0.40 3.73% 0.00% 30-Aug-2018 0.385 1.74 28.69 0.42 3.49% 0.00%
30-Jun-2018 30-May-2018 31-Mar-2018 3 34,383 2,381 1,592 719 - 103,138 - % 4.63% 0.70% 108,146 31.79 29.61 0.66 0.62 0.00 0.00 0.9537 0.89   -34.99%   -55.89% 30-Mar-2018 0.44 1.38 66.18 0.46 1.51% 0.00% 30-May-2018 0.38 1.20 57.16 0.40 1.75% 0.00%
30-Jun-2018 28-Feb-2018 31-Dec-2017 2 45,317 3,442 2,074 1,106 - 103,304 - % 4.58% 1.07% 108,502 41.77 39.03 1.02 0.95 0.00 0.00 0.9521 0.89   97.15%   -15.38% 29-Dec-2017 0.545 1.30 53.47 0.57 1.87% 0.00% 28-Feb-2018 0.465 1.11 45.62 0.49 2.19% 0.00%
30-Jun-2018 29-Nov-2017 30-Sep-2017 1 46,009 2,159 1,331 561 - 105,178 - % 2.89% 0.53% 113,448 40.55 39.62 0.00 0.48 0.00 0.00 0.9271 0.91   5,200.00%   -47.42% 29-Sep-2017 0.675 1.66 136.50 0.73 0.73% 0.00% 29-Nov-2017 0.655 1.62 132.46 0.71 0.75% 0.00%
30-Jun-2017 29-Aug-2017 30-Jun-2017 4 48,710 1,066 -212 -11 - 78,143 - % -0.44% -0.01% 83,469 58.36 41.95 -0.01 -0.01 0.00 0.00 0.9362 0.67   -100.67%   -101.04% 30-Jun-2017 0.735 1.26 -5,577.26 0.79 -0.02% 0.00% 29-Aug-2017 0.63 1.08 -4,780.51 0.67 -0.02% 0.00%
30-Jun-2017 29-May-2017 31-Mar-2017 3 43,218 4,150 2,614 1,630 - 79,691 - % 6.05% 2.05% 86,800 49.79 37.22 1.88 1.40 0.00 0.00 0.9181 0.69   24.71%   42.86% 31-Mar-2017 0.775 1.56 41.27 0.84 2.42% 0.00% 29-May-2017 0.775 1.56 41.27 0.84 2.42% 0.00%
30-Jun-2017 28-Feb-2017 31-Dec-2016 2 37,308 1,686 1,541 1,307 - 82,904 - % 4.13% 1.58% 85,424 43.67 32.13 1.53 1.13 0.00 0.00 0.9705 0.71   22.49%   -41.42% 30-Dec-2016 0.66 1.51 43.14 0.68 2.32% 0.00% 28-Feb-2017 0.625 1.43 40.85 0.64 2.45% 0.00%
31-Dec-2016 29-Nov-2016 30-Sep-2016 1 27,738 1,540 1,095 1,067 - 48,829 - % 3.95% 2.19% 84,015 33.02 23.89 1.27 0.92 0.00 0.00 0.5812 0.42   0.95%   -52.77% 30-Sep-2016 0.70 0.00 0.00 0.00 0.00% 0.00% 29-Nov-2016 0.72 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2016 26-Aug-2016 30-Jun-2016 24,463 1,433 1,063 1,057 - 47,348 - % 4.35% 2.23% 83,228 29.39 21.07 1.27 0.91 0.00 0.00 0.5689 0.41   -7.36%   14.89% 30-Jun-2016 0.905 0.00 0.00 0.00 0.00% 0.00% 26-Aug-2016 0.815 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2016 27-May-2016 31-Mar-2016 27,082 1,632 1,222 1,141 - 46,995 - % 4.51% 2.43% 82,681 32.75 23.32 1.38 0.98 0.00 0.00 0.5684 0.40   -48.86%   40.34% 31-Mar-2016 1.06 0.00 0.00 0.00 0.00% 0.00% 27-May-2016 0.945 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2015 29-Feb-2016 31-Dec-2015 32,879 3,003 2,314 2,231 826 45,561 37.04% 7.04% 4.90% 82,629 39.79 28.32 2.70 1.92 1.00 0.71 0.5514 0.39   -1.24%   274.96% 31-Dec-2015 0.84 0.00 0.00 1.52 0.00% 0.00% 29-Feb-2016 0.875 0.00 0.00 1.58 0.00% 0.00%
31-Dec-2015 30-Nov-2015 30-Sep-2015 3 28,245 3,597 2,237 2,259 - 43,301 - % 7.92% 5.22% 82,747 34.13 24.33 2.73 1.95 0.00 0.00 0.5233 0.37   145.54%   2,228.87% 30-Sep-2015 0.43 1.26 15.75 0.82 6.35% 0.00% 30-Nov-2015 0.645 1.89 23.63 1.23 4.23% 0.00%
31-Dec-2015 28-Aug-2015 30-Jun-2015 2 21,922 1,571 958 920 - 41,134 - % 4.37% 2.24% 82,882 26.45 18.88 1.11 0.79 0.00 0.00 0.4963 0.35   13.16%   100.87% 30-Jun-2015 0.38 1.44 34.23 0.77 2.92% 0.00% 28-Aug-2015 0.44 1.66 39.64 0.89 2.52% 0.00%
31-Dec-2015 27-May-2015 31-Mar-2015 1 18,720 1,101 836 813 - 40,210 - % 4.47% 2.02% 82,959 22.57 16.12 0.98 0.70 0.00 0.00 0.4847 0.35   36.64%   19.73% 31-Mar-2015 0.40 1.77 40.82 0.83 2.45% 0.00% 27-May-2015 0.38 1.68 38.78 0.78 2.58% 0.00%
31-Dec-2014 27-Feb-2015 31-Dec-2014 4 23,111 896 645 595 - 39,146 - % 2.79% 1.52% 82,638 27.97 19.90 0.72 0.51 0.00 0.00 0.4737 0.34   513.40%   43.37% 31-Dec-2014 0.30 1.07 41.67 0.63 2.40% 0.00% 27-Feb-2015 0.44 1.57 61.11 0.93 1.64% 0.00%
31-Dec-2014 27-Nov-2014 30-Sep-2014 3 16,507 471 174 97 - 31,347 - % 1.05% 0.31% 80,833 20.42 14.22 0.12 0.08 0.00 0.00 0.3878 0.27   -78.82%   -89.35% 30-Sep-2014 0.365 1.79 304.17 0.94 0.33% 0.00% 27-Nov-2014 0.36 1.76 300.00 0.93 0.33% 0.00%
31-Dec-2014 29-Aug-2014 30-Jun-2014 2 10,978 1,152 462 458 - 32,118 - % 4.21% 1.43% 83,272 13.18 9.45 0.55 0.39 0.00 0.00 0.3857 0.28   -32.55%   -57.90% 30-Jun-2014 0.40 3.03 72.73 1.04 1.38% 0.00% 29-Aug-2014 0.355 2.69 64.55 0.92 1.55% 0.00%
31-Dec-2014 30-May-2014 31-Mar-2014 1 16,231 687 687 679 - 31,482 - % 4.23% 2.16% 82,804 19.60 13.98 0.82 0.58 0.00 0.00 0.3802 0.27   63.61%   -55.42% 31-Mar-2014 0.285 1.45 34.76 0.75 2.88% 0.00% 30-May-2014 0.365 1.86 44.51 0.96 2.25% 0.00%
31-Dec-2013 28-Feb-2014 31-Dec-2013 4 14,020 818 469 415 - 31,183 - % 3.35% 1.33% 83,000 16.89 12.07 0.50 0.36 0.00 0.00 0.3757 0.27   -54.45%   -55.80% 31-Dec-2013 0.29 1.72 58.00 0.77 1.72% 0.00% 28-Feb-2014 0.28 1.66 56.00 0.75 1.79% 0.00%
31-Dec-2013 27-Nov-2013 30-Sep-2013 3 13,458 935 915 911 - 30,642 - % 6.80% 2.97% 82,818 16.25 11.59 1.10 0.78 0.00 0.00 0.3700 0.26   -16.27%   -55.88% 30-Sep-2013 0.28 1.72 25.45 0.76 3.93% 0.00% 27-Nov-2013 0.27 1.66 24.55 0.73 4.07% 0.00%
31-Dec-2013 28-Aug-2013 30-Jun-2013 2 14,789 1,258 1,188 1,088 - 29,590 - % 8.03% 3.68% 82,424 17.94 12.74 1.32 0.94 0.00 0.00 0.3590 0.25   -28.56%   41.67% 28-Jun-2013 0.275 1.53 20.83 0.77 4.80% 0.00% 28-Aug-2013 0.285 1.59 21.59 0.79 4.63% 0.00%
31-Dec-2013 30-May-2013 31-Mar-2013 1 13,096 1,419 1,419 1,523 - 28,539 - % 10.84% 5.34% 82,771 15.82 11.28 1.84 1.31 0.00 0.00 0.3448 0.25   62.19%   218.62% 29-Mar-2013 0.205 1.30 11.14 0.59 8.98% 0.00% 30-May-2013 0.31 1.96 16.85 0.90 5.94% 0.00%
31-Dec-2012 27-Feb-2013 31-Dec-2012 4 23,291 1,184 1,022 939 - 26,745 - % 4.39% 3.51% 82,368 28.28 20.06 1.14 0.81 0.00 0.00 0.3247 0.23   -54.53%   -35.99% 31-Dec-2012 0.19 0.67 16.67 0.59 6.00% 0.00% 27-Feb-2013 0.195 0.69 17.11 0.60 5.85% 0.00%
31-Dec-2012 29-Nov-2012 30-Sep-2012 3 21,360 2,274 2,154 2,065 - 25,804 - % 10.08% 8.00% 82,600 25.86 18.40 2.50 1.78 0.00 0.00 0.3124 0.22   168.88%   43.01% 28-Sep-2012 0.17 0.66 6.80 0.54 14.71% 0.00% 29-Nov-2012 0.15 0.58 6.00 0.48 16.67% 0.00%
31-Dec-2012 30-Aug-2012 30-Jun-2012 2 23,125 973 813 768 - 23,642 - % 3.52% 3.25% 82,580 28.00 19.92 0.93 0.66 0.00 0.00 0.2863 0.20   60.67%   194.00% 29-Jun-2012 0.16 0.57 17.20 0.56 5.81% 0.00% 30-Aug-2012 0.19 0.68 20.43 0.66 4.89% 0.00%
31-Dec-2012 29-May-2012 31-Mar-2012 1 11,434 481 481 478 - 22,787 - % 4.21% 2.10% 82,413 13.87 9.85 0.58 0.41 0.00 0.00 0.2765 0.20   -67.42%   152.91% 30-Mar-2012 0.16 1.15 27.59 0.58 3.63% 0.00% 29-May-2012 0.14 1.01 24.14 0.51 4.14% 0.00%
31-Dec-2011 29-Feb-2012 31-Dec-2011 4 13,405 1,327 1,496 1,467 - 22,295 - % 11.16% 6.58% 82,881 16.17 11.54 1.77 1.26 0.00 0.00 0.2690 0.19   1.59%   -25.38% 30-Dec-2011 0.14 0.87 7.91 0.52 12.64% 0.00% 29-Feb-2012 0.16 0.99 9.04 0.59 11.06% 0.00%
31-Dec-2011 30-Nov-2011 30-Sep-2011 3 13,318 1,700 1,449 1,444 - 20,702 - % 10.88% 6.97% 82,514 16.14 11.47 1.75 1.24 0.00 0.00 0.2509 0.18   276.74%   1,878.08% 30-Sep-2011 0.065 0.40 3.71 0.26 26.92% 0.00% 30-Nov-2011 0.14 0.87 8.00 0.56 12.50% 0.00%
31-Dec-2011 26-Aug-2011 30-Jun-2011 2 6,723 -820 -820 -817 - 19,261 - % -12.20% -4.24% 82,525 8.15 5.79 -0.99 -0.70 0.00 0.00 0.2334 0.17   -532.28%   -127.58% 30-Jun-2011 0.10 1.23 -10.10 0.43 -9.90% 0.00% 26-Aug-2011 0.09 1.10 -9.09 0.39 -11.00% 0.00%
31-Dec-2011 27-May-2011 31-Mar-2011 1 9,063 193 193 189 - 19,992 - % 2.13% 0.95% 82,173 11.03 7.81 0.23 0.16 0.00 0.00 0.2433 0.17   -90.39%   115.87% 31-Mar-2011 0.12 1.09 52.17 0.49 1.92% 0.00% 27-May-2011 0.105 0.95 45.65 0.43 2.19% 0.00%
31-Dec-2010 28-Feb-2011 31-Dec-2010 4 14,603 2,263 2,002 1,966 - 19,841 - % 13.71% 9.91% 82,605 17.68 12.58 2.38 1.69 0.00 0.00 0.2402 0.17   2,593.15%   51.35% 30-Dec-2010 0.10 0.57 4.20 0.42 23.80% 0.00% 28-Feb-2011 0.10 0.57 4.20 0.42 23.80% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  4 people like this.
 
chickmonk if cna break 0.50 then hoseh liao
29/08/2019 9:29 PM
chickmonk estimate still got 600million project coming in.
29/08/2019 9:36 PM
deadchicken buy before too late!
30/08/2019 7:43 AM
value88 FIHB's construction segment has no problem to replenish its orderbook because FIHB has a property development sister company owned by the major shareholder. It will continue to be awarded with contracts.

Besides, USD has been strengthening and that will benefit its manufacturing segment which supplies furniture to Starbuck overseas.
30/08/2019 8:55 AM
value88 In FY2019 (ends in Jun2019), FIHB's core PATAMI improved by >100% if compare to FY2018.
There is no significant one-off gain from FY19 improvement. In other words, the improvement is real.
30/08/2019 8:56 AM
phlam price 0.395, PE 5.27 , NTA 0.944, Price to book 0.43... construction segment order book 340mil can sustain profit, its undervalue now. wait to break 0.4
18/09/2019 8:56 AM
LCLY What an undervalued gem. Waiting for QR :) Hohoho merry christmas
20/11/2019 12:21 PM
dlau8899 This counter will going up as soon
03/01/2020 10:15 PM
value88 Good results !
If I take the last 4 quarters to do valuation, FIHB is selling at merely 4x PE multiple and 0.28 P/BV.
How come market gives such low valuation to FIHB ?? I know it is not in popular industry, but its valuation is still too unreasonable.
27/02/2020 7:18 PM
deadchicken something brewing on FIHB.
08/04/2020 3:04 PM
winlast tomorrow still upwards trending
13/04/2020 7:07 PM
2721 who curi curi sapu
14/04/2020 10:58 AM
FAIZUN77 looking good
29/04/2020 2:51 PM
ghazaliabu looks good?
05/05/2020 4:32 PM
laihc Good Quarter Result to be released? With Current P/E 5.44, and good track record of consistent dividend (twice in 2019), it is worthwhile to keep an eyes on this stock.

Some fundamental info about FIHB by simplywall st
https://simplywall.st/news/a-rising-share-price-has-us-looking-closely-at-federal-international-holdings-berhads-klsefihb-p-e-ratio/
09/06/2020 4:27 PM
liang408 Time to push this company to RM1
12/06/2020 8:32 PM
liang408 Wow no body look at this stock
13/06/2020 5:15 PM
phlam any good news push to RM1 ?
13/06/2020 7:09 PM
liang408 U see the recent volume, previously don't have volume.
13/06/2020 11:09 PM
laihc If it break 0.495, next support level is 0.520. See how far it can goes.
14/06/2020 1:13 AM
liang408 Don't worry, this fews day volume r huge. Can easily breakout
14/06/2020 2:00 PM
liang408 Upupup
14/06/2020 10:13 PM
liang408 Upup
15/06/2020 10:47 AM
FAIZUN77 Liang, are you sure RM1?
15/06/2020 10:57 AM
birkincollector interstingly director convert PA at 0.76
15/06/2020 5:58 PM
Huat huat 2020 RM 1 soon ... stay tuned.
16/06/2020 9:37 AM
alexljh86 Power bought at .52 morning, sold .59 during market close
17/06/2020 5:09 PM
Huat huat 2020 Soon 80c ... super positive chart.
17/06/2020 5:39 PM
Huat huat 2020 https://www.theedgemarkets.com/article/muar-ban-lee-wants-substantial-stake-federal-international
18/06/2020 3:51 AM
Huat huat 2020 Muar Ban Lee wants a substantial stake in Federal International
Liew Jia Teng
/
theedgemarkets.com

June 17, 2020 22:46 pm +08


-A+A
KUALA LUMPUR (June 17): Muar Ban Lee Group Bhd (MBL) is set to emerge as a substantial shareholder of Federal International Holdings Bhd, which is formerly known as Federal Furniture Holdings (M) Bhd, sources familiar with the matter told theedgemarkets.com.

According to sources, MBL intends to hold more than a 25% stake in the furniture manufacturing-cum-construction company. It is not known what attracted MBL to buy such a substantial stake in Federal International, whose earnings performance has not been that outstanding.

Holding such a substantial stake may make the existing controlling shareholder, the Choy family, uncomfortable with MBL. Furthermore, it prompts investors to wonder from whom MBL would buy the shares.

Sources said MBL has already acquired more than a 5% direct stake in Federal International, effectively making it a substantial shareholder in the furniture maker.


Federal International’s share price has more than tripled to 59 sen from its low of 17 sen in mid-March.

Federal International was founded by Datuk Dr Choy Fook On, whose family members owned about 33.22% stake as at October last year, according to the company’s Annual Report 2019. In addition, the Choy family held 99% of the company’s redeemable convertible preference shares (RCPS) — both RCPS A and RCPS B.

The company’s second largest shareholder is Alan Voon Sze Lin. The latest filing with Bursa Malaysia shows that Voon has sold 750,000 shares on the open market this week. He currently owns a direct stake of 2% and an indirect stake of 4.91%.

Federal International is principally involved in four main business divisions, namely manufacturing, interior fitout, construction and trading.

The group manufactures modular caseworks, shop fixtures and fittings, as well as furniture for corporate customers. Notably, Starbucks Corporation accounts for more than 80% of the manufacturing division’s total sales.

As for MBL, it is a Johor-based palm kernel oil expeller and crushing machinery manufacturer controlled by the Chua family.

MBL was a minority shareholder of Cycle & Carriage Bintang Bhd. MBL was among the minority shareholders who had blocked the privatisation deal in Cycle & Carriage last year.

Last Wednesday, it was announced that Cocoaland Holdings Bhd co-founder Liew Fook Meng had surfaced as a substantial shareholder of MBL, after acquiring a 5.96% stake on June 5. He then raised his stake to 6.72% between June 9 and 11.

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18/06/2020 4:01 AM
Huat huat 2020 Congrats for all patience shareholders . You guys deserve it.
18/06/2020 8:02 AM
saltedfish https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3060303
19/06/2020 7:56 PM
Gooner82 Good support at 0.52, i think we will see 0.65 next few days
24/06/2020 9:13 PM
Chew199 How come U-turn?
29/06/2020 3:03 PM
Investsucess Trader The price quite tempting....Good time to cherries pick...
05/07/2020 9:48 AM
Level1Investor Full Impact on construction sector revenues will be felt in Q4 => From Q3 Report Prospect.
IFO Division unable to obtain any significant project since start of financial year. => From Q3 Report prospect.

Seems there wasn't any new construction project tenders added to backlog also. Only mention 294M worth of project still on-going for 30 Month span which isn't a lot. Construction contribute the most to their revenues.

Their 2019 Annual Revenue for construction was 150M. So 294M for 30 months is even lesser than 2019's...

Gonna wait somemore....
09/07/2020 4:49 PM
sbschheng MBL NOW BELOW 5%
10/07/2020 8:57 PM
averageInvestor Just buy it, NTA at 0.987 with price to book value at 0.45. At this price your risk is quite low, there's a reason why MBL is buying into this company. You think MBL are stupid not to do their research before buying millions into a company? Balance float for this company is around 35%, MBL already bought 5% of it. With 25%, Mr. Choy will be losing his pants & rushing to convert & buy more shares from the open market.

Adding another 20mil of shares is only around 9-10 million for MBL. Sap sap sui for them, once FIHB free float is around 5%, they can easily push FIHB over RM1.00 in 1 mouthful. Trust me just buy & hold, in 1 month you'll thank me.
11/07/2020 11:00 PM
BullRunComing There have been numbers of share conversion since May at 0.76 and 0.50, all are higher than current share price.

Can see that Dato Choy and his family are trying to increase their holding to prevent any acquisition from outsider.
12/07/2020 11:13 AM
BullRunComing MBL boss seems to have his personal propaganda as his intention to increase to 25% sounds like a lie for now.

Give it the price has fallen so much, there is still no buying from him which will make him to become sub shareholder.
06/08/2020 9:24 AM
volks2 price go up to 0.49 just now...something should be brewing.
10/08/2020 4:09 PM
chkhooju Price steadily going up, with increasing volume.
10/08/2020 4:15 PM
volks2 very soon it will go up..today is wood and furniture theme.
13/08/2020 10:49 AM
mf gap down
27/08/2020 6:44 PM
super168 Looking to see it fly.
04/09/2020 3:55 PM
jojo85 0.415 last support..
05/09/2020 2:38 PM
greedy44444 One night stand
08/09/2020 2:28 PM
eYuppie Why other furniture stocks go up but FIHB still dropping bit by bit? Shall I throwaway this stock?
29/09/2020 4:01 PM
eYuppie FIHB suddenly surge 9.5 sen, anybody knows why?
23/11/2020 4:30 PM
eYuppie At last it breakout after sideway for so long time, but how high will it goes up to? Any comment?
23/11/2020 4:40 PM