However, we also can't deny that this is an export counter, with their bulk earnings in foreign currencies, with the weak ringgit now close to 4.5, this counter is expected to perform considering they are the pioneer of their niche industry. Furthermore, the quarterly results are coming up soon. Maybe we can compare the trend to other export counters? If others are moving, this could be the reason also?
Fibon is a retailer of gold products, from bars to rounds to coins. Fibon have proper and full accreditation from the state, federal government, and distributors alike. As a fully licensed and attributed company, you can take peace of mind knowing that you are dealing with a credible company who values your safety and security just as much as you. Should you have a question about prospective orders, orders in processing, or completed orders, simply contact our phone support or email support. We are always willing and able to assist you with an existing order or to answer any questions that you may have.
Pure Copper is a ductile metal with very high thermal and electrical conductivity. It is soft and malleable; a freshly exposed surface has a reddish-orange color. Electrical uses of pure copper, including power transmission and generation, wires for building purposes, telecommunication, and electrical and electronic products.
Fibon supply the most popular form of pure copper being copper containing 99.9% Cu. It has a high electrical conductivity, and normally used as an electrical conductor.
SMA 50 turn around, .about to cut through 200day SMA. Then the party will really begin. someones accumulating at 61.5 and 62 today. D/E of "0". Nett CASH 18 CENTS PER SHARE. ROE OF 9.6. Current ratio 18.37( anything above 3.0 ) is considered good. Can dance for CNY.
One thing we don't have to worry, in the very least, is Trump's TPP exit, because even though Fibon may be an export counter, but luckily they have minimal to zero exposure to the US market as majority of their customers and orders are from Singapore and Australia and some other countries in minority. We can take a breather from that, and hope for a good quarterly result! The exchange rates should be in our favor for the coming quarter!
Buy call [TP: RM1.40] Current quarter 3mil vs 2016 whole year's 5mil, 1 quarter earn more than 60% of total annual net profit. Fibon has finally stepped up it's game. This gem is just starting to uncover itself.
Other income could be contributed by exchange rate gains, and some cash was used to purchase property, plant and equipment, which could mean a business expansion, and non-current assets grew by double as well. Despite that, cash and bank balances still increased, so don't worry, its a good thing! This company is growing super well. EPS 3 (now) vs EPS 1 (previous) - triple!
Buy call, this year end profits will hit new high again. Keep for a few quarters long term. Will be worth Rm1.60 in a very short while. Crazy growth and value gem. Expanding company with growing cash balances, and net profit margin 60% plus it is an export counter, if ringgit drop Rm5 this counter will be king.
The co bought the 33 acres agriculture land for 7.89mil ringgit. Does it have a clear picture of what it want to do with the said land? For investment? For future HQ and manufacturing facilities? For property development? Or a combination of the above? Any sifu here can drop a few lines? Thank you.
The last time I attended the AGM, they mentioned a portion of it was for the expansion of building a new and bigger factory to facilitate a bigger production level. Their current factory is running at full force maximum productivity and workers working overtime and multiple shifts round the clock to meet customer demands. The rest of it would be for investments and developments. They bought the land at a pretty good price and it hasn't been revalued since.
They haven't had a correction since price at 0.505, a little retracement these 2 days would be healthy to get rid of the selling pressure, selling pressure has subsided today, hopefully it should continue flying after cny. However the price is still very undervalued now, at buy while it's correcting. Don't chase when it flies up. They have 44mil assets (which 30mil is free cash) vs only 2mil liabilities (mostly trade payables) makes it asset is 22 times of its liabilites, and they have no debts and no gearing, super clean pure asset company. They can easily expand with such a pretty balance sheet. Their growth without even using debt is already quite good, imagine if they leverage out, the size and scale can multiply like crazy.
BenjamGoh and oolongteh sifu, thank you for your explanations. The business looks very profitable indeed with very high margins. The revenue is small if compared to any other listed companies. Since listed, revenues and profits had been flat until recently with the plunge of the ringgit, it seems revenues and profits are growing in ringgit term. No much info is available on the business nature in the annual reports also... company has been very low profile indeed.....
Should the revenue increase the profits would grow substantially. How soon the new HQ and new production lines would be put up is material. There are so little info available for the public, even what they actually do are also not described in details in the annual reports...
With the acquisition of the land completed and substantial cash in the co, hopefully a bigger factory would be put up soonest.
Good news, company performing sharebuybacks at 0.675. Just in case you're wondering why, when management decides to opt for a buyback, it is usually for one of the following reasons: take advantage of an undervalued share price, reduce share dilution and increase ownership, improve and increase value per share from key ratios such as returns on assets, return on equity and earnings per share and they are signalling that there are no better option to invest surplus cash aside from themselves. They are trying to tell that the shares are undervalued.
Shares are indeed undervalued, and investing in themselves are a no brainer should do. Look at previous year's q3, and just imagine how much you're expecting the coming q3 to perform. I'm just wondering how many folds they're gonna announce next quarter again, and by then people would go crazy with the consecutive multiple fold outperformance.
Interesting point of view oolongteh. Hmm. Interesting way to look at it. I wonder what's brewing. Lol Uncle Sam is like a veteran here hahah, and live finance text book. Hehe.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2909 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
AishahNasimuddin
8 posts
Posted by AishahNasimuddin > 2017-01-05 11:11 | Report Abuse
Trend hasn't retraced or corrected yet. Be careful. Hitting resistance. Any other opinions on technical analysis?