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



Business Performance

Business Performance (By Quarter)

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 1 / 4 25.00% 1 / 8 12.50%
Total Positive Profit Years 3 / 4 75.00% 7 / 8 87.50%
Continuous Quarters Of Positive Profit 1 / 4 25.00% 1 / 8 12.50%
Continuous Quarters Of Profit Growth 1 / 4 25.00% 1 / 8 12.50%
Continuous Quarters Of Adjusted EPS Growth 1 / 4 25.00% 1 / 8 12.50%
Total Dividend Years 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 0 / 4 0.00% 0 / 8 0.00%
Average ROE 0.96% 1.46%
Average Net Profit Margin 2.03% 2.96%

Business Performance (By Year)

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Years Of Revenue Growth 0 / 5 0.00% 0 / 10 0.00%
Total Positive Profit Years 4 / 5 80.00% 9 / 10 90.00%
Continuous Years Of Positive Profit 4 / 5 80.00% 4 / 10 40.00%
Continuous Years Of Profit Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Years Of Adjusted EPS Growth 0 / 5 0.00% 0 / 10 0.00%
Total Dividend Years 0 / 5 0.00% 0 / 10 0.00%
Continuous Years Of Dividend 0 / 5 0.00% 0 / 10 0.00%
Continuous Years Of Dividend Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Years Of Adjusted Dps Growth 0 / 5 0.00% 0 / 10 0.00%
Average ROE 4.90% 8.16%
Average Net Profit Margin 3.26% 4.38%

Key Result

Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 94,796 85,968 116,213 102,631 136,127
NP to SH 4,043 2,912 4,689 4,137 4,570
Dividend 0 - - - -
Adjusted EPS 3.48 2.51 4.04 3.56 3.94
Adjusted DPS 0.00 0.00 0.00 - -

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.


Growth

Growth (By Quarter)

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue 266.70% -49.91% -49.91% -9.31% -41.45%
NP to Owner 306.82% -47.02% -47.02% -27.97% -50.68%
Dividend 0.00% 0.00% 0.00% 0.00% 0.00%
Adj. EPS 306.82% -47.02% -47.02% -27.97% -50.68%
Adj. DPS 0.00% 0.00% 0.00% 0.00% 0.00%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

Growth (By Year)

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue -18.43% -30.36% -7.63% -26.03% -36.85% -16.24% -43.72% -14.63% 13.23%
NP to Owner -13.78% -11.54% -2.28% -37.90% -36.29% -29.62% -42.63% 2.59% 13.33%
Dividend 0.00% 0.00% 0.00% - % - % - % 0.00% 0.00% 0.00%
Adj. EPS -13.78% -11.54% -2.28% -37.90% -36.29% -29.62% -42.63% 2.59% 13.33%
Adj. DPS 0.00% 0.00% 0.00% - % - % - % 0.00% 0.00% 0.00%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

Analyze this stock with MQ Trader system
  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