Posted by mrmsy > 2013-07-19 15:01 | Report Abuse

Need to wailting again...huhu

Posted by permastan > 2013-07-19 22:25 | Report Abuse

looks like up trend

Posted by mrmsy > 2013-07-22 09:51 | Report Abuse

facbind will up to 1.40 today?

Posted by weechin53 > 2013-07-22 10:14 | Report Abuse

i hope it will

Posted by permastan > 2013-08-13 20:53 | Report Abuse

1.6

Posted by mrmsy > 2013-08-13 20:54 | Report Abuse

When this stock will touch 1.6?

Posted by permastan > 2013-08-14 18:57 | Report Abuse

soon

Posted by Steven Yong > 2013-11-25 21:29 | Report Abuse

very fast

Posted by Steven Yong > 2013-11-27 10:17 | Report Abuse

haizzz, 1.80 in cash, can see cannot touch...shit. Not even special div

Posted by Steven Yong > 2013-11-27 18:04 | Report Abuse

Cash=148,989,000
Total Liability=15,236,000
NET CASH=133,753,000

Share outstanding=83,882,800
NET CASH per share=1.59

share price now=Rm1.24
You buy the company with discount of 0.35+all assets,factory, land etc for FREE!!!

Posted by paoblocrk > 2013-11-30 20:36 | Report Abuse

was looking at this stock and result annoucement, the quarterly result announced were quite different from a normal huge public listed company where they normally have commentary of results (section B1 or B2) against preceding quarter. But for FACBIND, I think this is missing. Having said that, the results of Q1 was distorted by the RM 64 mil disposal of assets and business. Having said that, one would expect FACB or Mr Chen would use the money to buy some new business or etc etc... still this RM 64 mil represents an equivalent of 0.74 per share of dividend if distributed back to shareholders.

To really understand this business the main profitable business division only the bed business which in Q1 only contributed on RM 548k PBT to the business. Can't really compare with this the corresponding quarter as there have been many restructuring exercise, but if we compare with Q4 June 2013 for bedding of and we just do a simple division of RM2,475k/4 = RM619k, the results for the bedding compare to Q4 is actually lower.

Cash flow from operations was disappointing at negative.

Still this bedding business is expected to pick up by Q2 and Q3 following new year, as seasonal demand and people will buy bed to move to new house.

But for a RM100 mil market cap company with have only RM548k PBT in core operations business is a bit funny. It doesn't justify at its existence for earning so low. Looks to me it is going to either buy a new business, get a new lease of life or close down it, otherwise sitting on a fat cash is not healthy at all.

But JP morgan do have stakes on this company besides Mr Chen

Just a 2 cents of my thoughts

Posted by value_man > 2013-12-03 10:55 | Report Abuse

Obviously someone as intelligent as Mr Chen will realize that the bedding business is a challenging one. Just look at its thin profit margin. I don't see why it plans to invest more into the bedding business.

FACBIND has been selling off many of its assets and converting them into cash. They have been paying off all their loans and liabilities. As of now, total liabilities is 15.2 million.

So what is FACBIND going to do with the RM149 million of cash?

They have two options:

[1] Invest in a new business that is more profitable, or

[2] Distribute as dividend

Posted by value_man > 2013-12-03 10:57 | Report Abuse

RM149 million of cash - RM15.2 million of liabilities = RM134 million

Keeping in bank with a fixed rate of 3% will yield RM4 million of interest

Posted by value_man > 2013-12-03 11:11 | Report Abuse

FACBInd has a new layout to its website: http://www.facbi.com/

So refreshing. Take a look.

Posted by paoblocrk > 2013-12-05 10:53 | Report Abuse

Dear Value man.... agree with you either :

"They have two options:

[1] Invest in a new business that is more profitable, or

[2] Distribute as dividend"

Anyone have any track records of Tan Sri Chen? Is this person like Robert Kwok or like Vincent Tan? lolx

Posted by paoblocrk > 2013-12-05 10:59 | Report Abuse

By the way anybody go to the AGM yesterday? apparently his son is retired from the Board of Directors :


Date of change 04/12/2013
Name Chen Yiy Hwuan
Age 34
Nationality Malaysian
Type of change Retirement
Designation Executive Director
Directorate Executive
Qualifications Bachelor of Arts (Honours) in Accounting with Business Economics from Middlesex University, United Kingdom
Working experience and occupation Mr Chen Yiy Hwuan has extensive corporate finance and managerial experience
Directorship of public companies (if any) Director of Karambunai Corp Bhd
Family relationship with any director and/or major shareholder of the listed issuer Mr Chen Yiy Hwuan is a son of Tan Sri Dr Chen Lip Keong and Puan Sri Lee Chou Sarn and brother of Mr Chen Yiy Fon
Any conflict of interests that he/she has with the listed issuer Nil
Details of any interest in the securities of the listed issuer or its subsidiaries Nil

Posted by value_man > 2013-12-05 11:19 | Report Abuse

Not only his son but the chairman as well. I see this as a progress. They have been here for too long with little progress.

Posted by paoblocrk > 2013-12-05 11:21 | Report Abuse

Hail to new leadership which will bring FACBIND to greater heights! Do you know who is appointed to replace them?

Posted by value_man > 2013-12-05 11:30 | Report Abuse

I'm sorry I have no idea. Let's wait and see.

Posted by Equity_Boleh > 2013-12-13 16:25 | Report Abuse

4 properties in Muar valuation done in 1991 and a property in Shah Alam valued in 1992...i check with property prices, these 5 properties can easily worth RM80mil, with cash of RM130mil, at least worth RM2.00!!!

Posted by Steven Yong > 2013-12-15 15:08 | Report Abuse

Cash=148,989,000
Total Liability=15,236,000
NET CASH=133,753,000

Share outstanding=83,882,800
NET CASH per share=1.59

share price now=Rm1.24
You buy the company with discount of 0.35+all assets,factory, land etc for FREE!!!
27/11/2013 18:04

Posted by sense maker > 2013-12-15 16:28 | Report Abuse

The market discounts FACB for the same reasons as many other companies with a lot of cash and assets but no decent profitable biz that keeps generating value for its shareholders each year.

Rm2.60 seems a lot in today's term and will definitely be a windfall if all are distributed to shareholders NOW.

However, absent any profit distribution, if it continues to make negligible profit year in year out, RM2.60 is very little in net present value's term say 5 to 7 years down the road; it is even lower than the current price of RM1.28.

What happens to PMCorp, MUI, etc in the past 10 years is the price shareholders have to pay for such type of companies sitting just on big assets without decent profit from ongoing biz.

Posted by calvintaneng > 2013-12-19 15:52 | Report Abuse

Yes sense maker, there is a danger of value trap. FACB is better dead than alive. If I am the owner I will just dismantle the whole set up and distribute cash to all share holders. It is more than the listed share value.

The steel industry faces the continual dumping of low end cheap steel from China. With the impending price rise of toll following electricity FACBInc Will Be Impacted negatively.

As for PM Corp & MUI Berhad they are different stories. They have a future by China's melamine milk default. Both are in the process of restructuring. So their stories are now on the Upturn. And their future ahead is bright indeed.

Posted by thek > 2013-12-28 03:53 | Report Abuse

Thanks for all sharing.

Posted by paoblocrk > 2014-01-03 17:20 | Report Abuse

it is moving today

Posted by Steven Yong > 2014-01-06 10:08 | Report Abuse

something brewing, RM2 anytime this yr

Posted by Yong Chian Haw > 2014-01-06 10:15 | Report Abuse

the price is still below the company net cash per share... perhaps some big institution eye on the company

Posted by Steven Yong > 2014-01-06 14:55 | Report Abuse

Cash=148,989,000
Total Liability=15,236,000
NET CASH=133,753,000

Share outstanding=83,882,800
NET CASH per share=1.59

share price now=Rm1.24
You buy the company with discount of 0.35+all assets,factory, land etc for FREE!!!
27/11/2013 18:04

Posted by speakup > 2014-01-11 23:08 | Report Abuse

FACBIND a hidden gem. Only fools will sell FACBIND at these prices.

Posted by Yong Chian Haw > 2014-01-12 21:58 | Report Abuse

PNB is the fool...

Posted by speakup > 2014-02-06 16:43 | Report Abuse

FACBIND buying opportunity. Still at its lows. Dont miss.

Posted by thesteward > 2014-02-26 23:17 | Report Abuse

fruday FaCB shiould fly

Posted by frankco > 2014-03-03 19:06 | Report Abuse

thanks steven, your information really me if i buy at current price level, i am buying the at a discount and it is what investor aimed for.. do you see any catalyst for stronger growth for its business ?

Posted by Yong Chian Haw > 2014-03-04 08:13 | Report Abuse

hmm, if we ignore the previous 3 quarters result (due to the fact that the profit came from disposal of subsidiaries/property), annualized the most recent quarter EPS 3.29 cents -> 13.16 (which will be the profit of continuing operation), resulting a PER ~ 9.

in addition of it strong and healthy financial position, do you still feel it is risky to invest long term in FACB? Its net cash per share = RM1.49

Posted by scn12345678 > 2014-03-11 07:24 | Report Abuse

If it worth more than share prices,y director not sapu ?

Posted by Yong Chian Haw > 2014-03-13 08:43 | Report Abuse

the reason i can think of i becoz they made loss in previous year 2011-2013, but the point is, they sold off their loss making business, and hold only the existing business which is generating profit. If Q2 and Q3 they can still show consistent EPS, then it prove that their business is on track already

Posted by Alas Long > 2014-03-13 12:55 | Report Abuse

The enter point is a bit risky now.However, 10 sen special dividend and bonus will be announced once the solid result of Q2 and Q 3 are out. Hold tight and enjoy the fruit of patient.

Posted by Alas Long > 2014-03-13 12:56 | Report Abuse

scn, the director ald sapu two year ago. you try check and see.

Posted by wonder > 2014-03-18 23:28 | Report Abuse

No doubt a must buy

Posted by Chua Ch > 2014-04-15 17:14 | Report Abuse

interesting

Posted by silver_zen > 2014-04-21 13:58 | Report Abuse

Nice Chart for today....

Posted by stockraider > 2014-04-25 10:59 | Report Abuse

Ok....after detailed review....Raider included FACBind at Rm 1.32 in the Leech Portfolio loh....!!
Thanks to Wonder....!!

Posted by wonder > 2014-04-25 11:46 | Report Abuse

=)

Posted by yakchoon yakchoon > 2014-04-25 14:47 | Report Abuse

what news?

Posted by yakchoon yakchoon > 2014-04-25 15:08 | Report Abuse

1.47.

Posted by silver_zen > 2014-04-25 15:09 | Report Abuse

just hold tight and enjoy the ride...

Posted by stockcrazy > 2014-04-25 15:17 | Report Abuse

Silver Zen, what is your TP?

Posted by thesteward > 2014-04-25 16:11 | Report Abuse

up n up

Posted by Yong Chian Haw > 2014-04-28 07:54 | Report Abuse

just a reminder, net cash per share (cash after deducting all liabilities) is RM 1.49... and net current asset per share is above RM 2, so u decide your own TP

Posted by 文耀 > 2014-04-28 09:15 | Report Abuse

1.49 cash.....zzzz