There are few fund manager that miss fpi at the earlier stage are now accumulating fpi knowing that the performance will be great for fpi in the next few quarter. This is confirm with the factory working on 24x7 now in Klang and in sg. Petani.

Recent few days transaction has show that when price is right accumulation started. While they are spreading unfavourable news in the market to encourage more seller knowing that fpi has a low % floating share in the market. Think wise and act accordingly. For those who would like to validate fpi future performance, you can always travel to their factory at night for a self inspection on their production activities.

Desmond, company has not announce any exercise of esos share. Where you get this info?

The right issue is for the purpose to settle the interco balance, not sure how it is link to so much cash still ask for money posted question? Understand the listing requirement and it is to fulfill the interco settlement.

Esos total share is only 12 mil and assume half will sell it is only 6mil share. Let focus on the detail and calculation and not the emotion

Let focus back to the company. Insas suspended pending material announcement

Leon only have 200k share. Sell all don't effect the price. It is a hedge for him on esos at rm2.55 price

@skel27, factory is in port klang, can go and look at it at night

Klang factory is working on 24x7. Order book is very healthy and crossing over to 1st quarter next year even with full production capacity. New customer is secure but cannot start production due to full capacity. It is a good problem for fpi

3rd quarter earning for fpi is expected to be minimum 10 cent eps and therefore the revaluation will be rm6. If you have not sell hold on and if you have sold at higher price now it is time to buy back for mid term.

If 2018, PE about 4 times using eps of 75 cents

You visited the factory in Klang?

Formosa prosonic chemical is not related to fpi

I would recommend to start accumulating. 2 reason
1) valuation is clear very undervalue. Dividend are expected to improve with cash per share of rm1. However as this counter is not for contrarian therefore there are different opinion from fundamentalist vs technicalist.

2) With lesser under value stock in the market that has a high present in tech related industry, insas is the focus for those who has miss the tech cycle boom. This take into consideration that inari is on high end tech 5g and not an low end EMS for lower tech electronic equipment. Future is there.

Coming quarter and plan for insas is clear it is on up trend therefore my opinion start accumulating when market has yet reflect the value and when people do not believe it is time to buy while when everyone is buying time to consider to sell.

Fpi is now at full capacity after completed 100% vaccine of all staff. It is catching up the backlog order book overdue for 6 months. Do expect good performance in the coming quarters.

As fpi will be touching 1b market capital at rm4.05, and that mean bigger fund will not have cap in investing amount. And fund that which to buy fpi will be able to do so.
If you would like fpi as a longer term investment in your portfolio , you might want to consider buying now. With 15PE is rm5.10 and 20PE is rm6.60. This PE is in line with EMS sector for stable counter. FPI is grow stock therefore PE should be at high end of the sector.

Listen to the market and ignore the noisy.

Don't not sell to early for a quick profit and forgo the opportunity. With a forward EPS of 33 cent and a reasonable PE of 15 time ( low end PE for EMS/tech stock ) the fair value for fpi is rm5.
If the grow continue in the next few quarter, the valuation will be revised upward. Be patient and a company do not grow or expand instantly but as long as the grow plan is intact, the future outlook is great.
It is my advise after detail analysis into fpi future business plan for expansion and the drive of US trade war has accelerated the grow. Fpi is one of the few audio manufacturer in the region and all electrical equipment need sound system.

Listen to the market and ignore the noise is the key of a success investor

It is a great opportunity to get insas when it is still at low price. With the momentum build in the past 2 weeks, do act fast before it break rm1. Do not expect a correction with the thinking of able to buy cheap or sell now and buy back cheap later. Penny wise pound foolish.

Report from Pikas that fpi staff is 100% vaccine so there should be able to operate without capacity restriction. Order book is very health

If you want to buy better do it first thing in the morning. If you think it will correct and hope to buy lower, you might miss more. When a company performing and the momentum is strong, do not be stingy to hope it will drop on correction. Only speculation goreng will have correction and fpi just up for a day. Chances of correction is near to 1%. That is my sense of thought.

Fpi 9 cent eps, beyond the max expectation. New valuation target price Rm4

Brother, different segment of business. M

Fpi not involve in automotive. Margin is low and not an easy sector to compete in. Anyway fpi is close to 100% capacity, so fpi has the benefit to choose for high margin product and customer

Today fpi make a good move. Buyer loss patient as seller is limited therefore buyer will have to push the price to be able to accumulate more. A good indication and sign that buyer are rushing in to get a sizeable share on fpi

April and May 2 cent eps each, base on first quarter volume even MD mentioned was better compare with 1st qtr. June 1 cent due to FMCO 60% capacity. 1-2 cent forex gain as USD strength in 2nd qtr. this level of earning will support fpi at rm3.50.

Those who has bought remember to exercise your right to vote for the SCR. 10% for few months at current market is very attractive return.

This is the reason some accumulation is here

2nd quarter result is expected in between 5-7 cent eps. If not FMCO it should be 8 cent eps. With the lowest of 5 cent fist half is 13 cent eps

Key take away point
1) actively in discussion with Wistron to have a vertical integration operation in the NEAR future. Mentioned twice in the agm
2) suppose result is super good for quarter 2 however due to fmco , some impact is expected. However very healthy order book for 2021.
3) secure new customer but cannot move on due to fmco
4) sonos is Wistron customer therefore not appropriate for FPI to comment.
5) in plan to reduce labour via machinery and automation, show some success with year 2020 sale is same with 2019 but no. If employee drop.
6) working on to provide manufacturing for earphone or headphone product.
7) some challenges in supply chain during fmco but still about to fulfill customer and market demand.

Alibaba also good investment but we are not comparing Apple to Apple. Different exchange market has different PE as well as different industry. For better comparison should be same market similar industry like PIE, SKP

I think time will tell. From the trend, it is shaking out weak holder before it move higher. No one will be so naive to push up the price quickly to let every profit from it except the buyer that will loss out.

Based on 15 PE is rm4 and 20 is rm5. But need some patient.

Good point

Trend analysis, if inari up insas up it is a push factor and not sustainable. If inari down insas up, it mean interest is building up. So act wise before it get more attention for the run to catch up back the fair value of the company

Doesn’t matter if FPI is not the vendor for Sonos, it current order is already enough to justify a 10 PE. If got Sonos contract, it is a bonus.

Almost everything on electric need a audio system and that is the key grow driver for fpi. Suggest to accumulate on price weakness during the current volatile environment for strong future grow. PE is less than 10 and is deem cheap at his industry rating.

Fpi is no longer a speaker company. They are already transform themselves few years back into a smart audio manufacturer. Their latest product is the Sony one in one sound bar with sub woofer and the laptop audio panel.
They are not normal OEM but ODM mean they are not manufacturer but also the design base on the spec provided by customer. That said they can use the same platform for other client who wish to product sound bar.

Of course the recent sound bar and laptop audio system do have some high tech part that FPI may not have the machine to product and this was supported by Wistron. To validate the point, fpi purchase 150mil of part from Wistron while they do sale 250mil to wistron on other canary audio component.

Short term price volatile will be there but fpi is the cheapest, highest dividend yield and high grow counter.

We do not speculate but we look at fact.

With inari private placement at rm3.20, insas will have a revaluation gain of rm150mil from its holding of 16% share in Inari. This is a great news for insas

QES MD has mention many times that he would like to see QES a one billion company in 2-3 years time so that mean is rm1.30. This might come faster if it venture into China market is successful faster than estimate due to the push factory of US trade war to limit China purchases of semiconductor part.

When come to IOT it depend whether it is industrial IOT or consumer IOT. Most of the customer IOT require smart speaker and able 1.5 years ago winstron do sent a few engineer to fpi to assist in r

FPI major shareholder is moving his production from China to Malaysia. It will benefit FPI as speaker component specialist. FPI will be re-rate.
https://www.theedgemarkets.com/article/taiwans-wistron-corp-buy-western-digital-pj-factory

http://entopest.com.my/?page_id=7120231

Ancom via its subsidiary entopest are in sanitising business for covid cases that affected building including shopping centre. High margin due to immediately need

RM3 target is easily achieve before the 3rd quarter result to be release before end of Oct-2020

With tier 1 glove run on covid 19 second wave, today we saw rotational play to tier 2, scomnet has business grow proof and sale drive by covid. Time to buy in

Scomnet is a company that produce high grade medical cable with licence from FDA. It is a highly bearer industry with the high standard requirement. There are only 3 company with fda approval in the industry. Of course covid give higher demand but without covid the medical equipment market grow is 10% p.a..
Lay man will know that nowadays when you walk in to hospital it is the equipment that diagnosis your disease not doctor anyway. With the remote operation via 5g technology the drive to have automated operation tool control by a doctor in different location is the future to go.

Short term benefit on high demand on medical equipment while long term is medical diagnosis equipment is replacing the experience of doctor to predict your disease symptom. That mean it is a future driven grow industry.

Don’t miss the boat and it is the only listed company in bursa under this segment.

https://www.theedgemarkets.com/article/supercomnet-technologies-wired-medical-device-market-growth

Reflect the article on The Edge with the interview with the MD of Scomnet

Those who has sold off recently at high price should take this opportunity to buy back as the concern on future prospect is now clarify. Feel sorry to those who has sold off at low price today.

Today the company have an errata on the comment on future prospect. The correction is in line with the recent interview with MD that scomnet sale on medical increase by 40% while automotive drop by 20%. Overall sale is expected to increase by 10% however profit is expected to increase by 20%. This is because medical segment command 40% margin while automotive 10%. Below is the correction on the errata and it clear the doubt of investor. Tomorrow price will rebound back to the fundamental level of RM1.50 base on earning grow yty of 30% in the coming quarter.

Page 2 of the note to accounts.

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=210236&name=EA_FR_ATTACHMENTS