MrPiap | Joined since 2017-12-05
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Stock: [FPI]: FORMOSA PROSONIC INDUSTRIES
2017-12-05 08:15 | Report Abuse
Whoever dn buy at these levels, are missing out. Expecting a special dividend next q! Net cash ~RM161.4m. Expansion to accommodate more capacity to supply Roland more musical component parts. Trailing P/E is 11.8x, taking into account a weak 4Q16 when they only made RM2.4m Assuming they make a conservative RM9m in 4Q17 (1Q17: RM8.9m, 2Q17:RM8.4m and 3Q17:RM14.6m), its estimated FY17 P/E is only 10.1x P/E!!!! Ex-cash of RM161.4m, its estimated FY17 P/E drops to 2.9x!!
Stock: [FPI]: FORMOSA PROSONIC INDUSTRIES
2017-12-05 08:15 | Report Abuse
Whoever dn buy at these levels, are missing out.
Expecting a special dividend next q! Net cash ~RM161.4m.
Expansion to accommodate more capacity to supply Roland more musical component parts.
Trailing P/E is 11.8x, taking into account a weak 4Q16 when they only made RM2.4m
Assuming they make a conservative RM9m in 4Q17 (1Q17: RM8.9m, 2Q17:RM8.4m and 3Q17:RM14.6m), its estimated FY17 P/E is only 10.1x P/E!!!!
Ex-cash of RM161.4m, its estimated FY17 P/E drops to 2.9x!!