Highlights
KLSE: FPI (9172)       FORMOSA PROSONIC INDUSTRIES MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
1.77   0.00 (0.00%)  1.75 - 1.78  148,700
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Financials


Market Cap: 438 Million

Market Cap 438 Million
NOSH 247 Million

Latest Audited Result:  31-Dec-2017

Latest Audited Result: 31-Dec-2017
Announcement Date 26-Apr-2018
Next Audited Result: 31-Dec-2018
Est. Ann. Date: 26-Apr-2019
Est. Ann. Due Date: 29-Jun-2019

Latest Quarter:  30-Sep-2019 [#3]

Latest Quarter: 30-Sep-2019 [#3]
Announcement Date 14-Nov-2019
Next Quarter: 31-Dec-2019
Est. Ann. Date: 21-Feb-2020
Est. Ann. Due Date: 29-Feb-2020
QoQ | YoY   78.50%  |    -4.63%

Annual (Unaudited) ( EPS: 14.81, P/E: 11.95 )

Revenue | NP to SH 560,520  |  36,644
RPS | P/RPS 226.60 Cent  |  0.78
EPS | P/E | EY 14.81 Cent  |  11.95  |  8.37%
DPS | DY | Payout % 10.01 Cent  |  5.66%  |  67.57%
NAPS | P/NAPS 1.19  |  1.49
YoY   -13.40%
NP Margin | ROE 6.54%  |  12.44%
F.Y. | Ann. Date 31-Dec-2018  |  21-Feb-2019

T4Q Result ( EPS: 15.77, P/E: 11.22 )

Revenue | NP to SH 739,846  |  39,011
RPS | P/RPS 299.10 Cent  |  0.59
EPS | P/E | EY 15.77 Cent  |  11.22  |  8.91%
DPS | DY | Payout % 10.00 Cent  |  5.65%  |  63.41%
NAPS | P/NAPS 1.22  |  1.45
QoQ | YoY   -1.94%  |    -4.28%
NP Margin | ROE 5.28%  |  12.93%
F.Y. | Ann. Date 30-Sep-2019  |  14-Nov-2019

Annualized Result ( EPS: 17.60, P/E: 10.03 )

Revenue | NP to SH 787,817  |  43,654
RPS | P/RPS 318.49 Cent  |  0.56
EPS | P/E | EY 17.60 Cent  |  10.03  |  9.97%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   29.49%  |    7.79%
NP Margin | ROE 5.55%  |  14.47%
F.Y. | Ann. Date 30-Sep-2019  |  14-Nov-2019



Business Performance

Business Performance (By Quarter)

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 2 / 4 50.00% 2 / 8 25.00%
Total Positive Profit Years 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Positive Profit 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Profit Growth 3 / 4 75.00% 3 / 8 37.50%
Continuous Quarters Of Adjusted EPS Growth 3 / 4 75.00% 3 / 8 37.50%
Total Dividend Years 1 / 4 25.00% 2 / 8 25.00%
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 3.29% 3.46%
Average Net Profit Margin 5.16% 6.23%

Business Performance (By Year)

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Years Of Revenue Growth 4 / 5 80.00% 4 / 10 40.00%
Total Positive Profit Years 5 / 5 100.00% 10 / 10 100.00%
Continuous Years Of Positive Profit 5 / 5 100.00% 10 / 10 100.00%
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 5 / 5 100.00% 10 / 10 100.00%
Continuous Years Of Dividend 5 / 5 100.00% 10 / 10 100.00%
Continuous Years Of Dividend Growth 2 / 5 40.00% 2 / 10 20.00%
Continuous Years Of Adjusted Dps Growth 2 / 5 40.00% 2 / 10 20.00%
Average ROE 8.67% 9.65%
Average Net Profit Margin 6.09% 5.60%

Key Result

Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 739,846 787,817 560,520 473,849 385,820
NP to SH 39,011 43,654 36,644 23,878 23,890
Dividend 24,735 - 24,759 14,556 16,858
Adjusted EPS 15.77 17.60 14.81 9.65 9.66
Adjusted DPS 10.00 0.00 10.01 5.88 6.82

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 39.09% 35.71% 43.57% 40.90% 62.54%
NP to Owner 78.50% -4.63% 7.79% 62.88% 59.31%
Dividend 0.00% 0.00% 0.00% 0.00% 0.00%
Adj. EPS 77.78% -4.48% 7.32% 63.06% 59.01%
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 31.99% 91.76% 56.14% 40.55% 104.19% 66.26% 21.16% 45.28% 18.29%
NP to Owner 6.46% 63.29% 63.37% 19.13% 82.73% 82.82% -13.40% 53.38% 53.46%
Dividend -0.10% 46.72% 69.93% - % - % - % 25.12% 46.86% 70.10%
Adj. EPS 6.45% 63.31% 63.38% 18.81% 82.26% 82.33% -13.37% 53.41% 53.47%
Adj. DPS -0.10% 46.72% 69.93% - % - % - % 25.12% 46.86% 70.10%

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
  6 people like this.
 
Sunny Teh PNB still got how many shares?
03/12/2019 8:26 PM
Siow @ PaulNewman,"The fundamentals are written on the wall. A growing contract manufacturer for Sony, Bose and Roland trading at 6x PE ex-cash. I have seen companies like this being overlooked by the market time and time again. They all have seen the same ending, which is up."

Where can you find FPI OEM for Sony, Bose and Roland. I am guessing Casio digital piano are OEM by FPI, as I just bought one for my kids! looks excately the same as on their website
04/12/2019 12:09 PM
gary5243 Musical instrument segment. The group works closely with Roland, Korg and Casio. Roland
contributes up to 80% of total musical instrument segmental revenue. Roland is a Japanese company established in Osaka in 1972 and has been focusing on musical instruments since then. Favourite among both beginners and professionals, Roland is one of the top brands in the global electronic music and produces one of the best electronic drums in the world.
http://www.bursamarketplace.com/mkt/tools/research/ch=research&pg=research&ac=570176&bb=582206
04/12/2019 3:25 PM
steven rt Why PNB selling, shariah issue?
04/12/2019 9:18 PM
JSoang Ooi chill . hopefully disposal finishing soon... now difficult to trace how many shares pnb disposed per day dy as it is no longer substantial holder..
04/12/2019 9:30 PM
gary5243 I believe PNB has finished sold off on 3-Dec-2019.
05/12/2019 10:08 AM
bsngpg Why PNB selling, shariah issue?
According to Ooi Kok Wah(Kenanga) : Government re-strategizes local investment to move more fund to oversea market.
05/12/2019 1:45 PM
bsngpg I am switching fund to get more FPI. Hopefully it does not U turn up too soon. So far, only accumulated 50% of my target at 1.515 in average.
05/12/2019 1:49 PM
yangxi TP 1.8 -> 2.0 . now can collect more
05/12/2019 6:15 PM
JSoang Ooi times to move up .. hopefuly..
05/12/2019 7:26 PM
LiimInvest Up up up
05/12/2019 9:25 PM
PaulNewman We should focus on FPI business instead of the buying and selling of major shareholders. For the next six months, expect FPI capacity expansion to bear fruit. Key surprise, if there is one, will come from the new plant next to Roland.

I am a firm believer of a prolonged trade war. The relocation of manufacturing services from China to the rest of the world is a mega trend. FPI will benefit from their close business relationship with Wistron.
05/12/2019 9:57 PM
Siow @gary5243 Thank you for your informations
06/12/2019 12:17 PM
Up_down No more disturbing from PNB anymore. Buy.
06/12/2019 12:23 PM
meerkat0078 Any way to know no more disturbing from PNB?
06/12/2019 1:42 PM
Siow Guys who is customer A & B? just these 2 customers accounts for about 80% of FPI total revenue!
Thank you
06/12/2019 3:59 PM
JSoang Ooi congrats to holder.. breakout dy.. fly soon
06/12/2019 5:00 PM
kenken85 PNB are u still around. if not how I can buy more?
06/12/2019 5:27 PM
LiimInvest Ho ho up up up
06/12/2019 8:07 PM
GLNT Roland, Wistron
06/12/2019 8:40 PM
coolio Nice one...strong momentum to go forward
06/12/2019 10:11 PM
Up_down All the way to break SMA 200.
09/12/2019 10:07 AM
LiimInvest Wow 1.68
09/12/2019 5:49 PM
LiimInvest Tomorrow >1.70
09/12/2019 11:42 PM
Think In anticipation of 6% dividend in Q1. Normally surged every year Q4, seems like no exception this year.
10/12/2019 9:22 AM
yyt1 Based on i3 shareholder info, pnb sold all fpi shares?
12/12/2019 8:30 AM
bsngpg Average up as accumulating more at 1.65 for another 10 lots.
12/12/2019 5:37 PM
Up_down We can only guess that PNB has fully exited FPI based on the volume traded in past 4 weeks. You have to wait for 6 months later to read the AR 2019 to confirm its status.
12/12/2019 6:10 PM
Think Other investors come in to start accumulating slowly at 1.64 - 1.68. Will go up once enough accumulation. Will trend higher at 1.8x.
12/12/2019 7:13 PM
bsngpg Today, Buy FPI again at 1.66. High confident with it’s eps, Cash level and high dividend.
13/12/2019 10:37 PM
Larrytrader This company got do wireless earphone ah?Like AirPods one
14/12/2019 6:40 PM
PaulNewman PNB has sold out their stake in FPI. Biggest institution holder is currently Hong Leong Asset Management
15/12/2019 4:17 PM
Larrytrader Can anyone reply me
15/12/2019 7:55 PM
Think http://www.focusmalaysia.my/Mainstream/formosa-prosonic-expands-production

- Wistron is the major shareholder of FPI and there are a number of collaboration.
- Wistron is also a supplier to Apple and being asked to shift its production out from China.

Will FPI get a fair share of the shift?

https://www.thestar.com.my/business/business-news/2019/06/19/apple-wants-suppliers-to-explore-major-shift-from-china-nikkei
16/12/2019 11:26 PM
KP_RECT @Larrytrader they did not mention wireless earphone. but they do wireless speaker
17/12/2019 5:05 PM
PaulNewman FPI product portfolio does not include wireless headset yet. They do wireless speakers. Only Salutica does wireless headset I believe
17/12/2019 6:38 PM
Larrytrader Ok thanks
21/12/2019 6:12 PM
bsngpg Today bought more FPI at 1.61.
27/12/2019 9:15 PM
Jack888 buy more..
07/01/2020 10:11 AM
LiimInvest Up up up
07/01/2020 11:09 PM
William Ng 天哥介绍的肯定升
08/01/2020 1:16 AM
popo92 Taiwanese controlled company are usually shareholder oriented, look at their dividend payout wow I am looking forward 10sen or more this year.
08/01/2020 11:42 AM
Cockroach Paul Lee Bought in 1.69... long term stock
10/01/2020 12:17 AM
popo92 looks like pnb sell down is over, with wistron as strong backup. fpi will keep growing bigger. the only concern will be its margin. i hope they get a fair margin from wistron orders, but definitely not fat like roland.
10/01/2020 10:14 AM
William Ng TP RM2~~~~~~~~~~~
HUAT AR!!!!!!
10/01/2020 5:53 PM
coolio more leg to runnnn..goo goo fpi
10/01/2020 11:08 PM
William Ng last time when 天哥 share about magni in august, i fast fast buy and keep it, it proof that what he chosen is good!!!!

This FPI is the second shares that i follow his blog and buy, hope that it will fly up like magni!!!!
11/01/2020 12:05 AM
Cockroach Paul Lee Hold tight tight then... Hope FPI can break new high... haha huat ah
11/01/2020 11:19 PM
uptrending https://www.marketsandmarkets.com/Market-Reports/smart-speaker-market-44984088.html?gclid=CjwKCAiAsIDxBRAsEiwAV76N8-E2AXxLUztCXjYnx_QQCFFmst1Wi7-QLkLvYolZHZ4nUFq1U426qBoCe3kQAvD_BwE

"The overall smart speaker market is expected to grow from USD 1.57 billion in 2017 to USD 11.79 billion by 2023, at a CAGR of 34.44% from 2018 to 2023."
17/01/2020 1:21 PM
Siew Jian Bin https://m.facebook.com/story.php?story_fbid=139335344190348&id=106802820776934
18/01/2020 6:15 PM