Its price is 24 sen because the company gives investors no value at all: (1) their business profits ave deteriorated since listing, (2) The company did not pay out dividends in the last two years, (3) size and market share of company is very small, (4) the company products is not rare or exclusive, product prices continue to drop year after year while manufacturing cost continue to eat up profit year after year. The company is in a challenging position now and the situation will become worst in the future.
POU CHEN GROUP 主要客戶 寶成國際集團為全球最具規模之品牌運動鞋和休閒鞋製造商,為Nike、adidas、Reebok、Asics、New Balance、Puma、Converse、Merrell、Salomon及Timberland等國際品牌代工製造/代工設計製造(OEM/ODM),也是全球唯一可同時服務60個以上國際品牌的專業製鞋廠商,鞋類年產量超過3億雙,約佔全球運動鞋及休閒鞋市場以批發價格計算之20%。
Feng Tay Enterprises Co., Ltd. was established in 1971 and focuses mainly on producing athletic shoes. Its headquarters, primarily for product development and human resources functions, is located at Yunlin Science and Industrial Park in Taiwan, while its factories are spread throughout China, Vietnam, Indonesia and India. *****Feng Tay Group currently has around 90,000 employees and produces more than one sixth of NIKE's total annual sales volume*****. As a result of our leadership and employees' diligence in adhering to our values over the past 37 years, our Group operates on an exceptionally solid foundation that keeps us growing stronger each year.
rlch: 2569 Sungei Bagan Rubber, share price alway RM3~RM3.65 but nta RM 6.49. It is useless to keep shares that don't pay a dividend. They are treating shareholders like slaves (to be discarded after being exploited) that is why their market price stays so low continuously for years after years! Like the idea of a share you keep for 20 years and the price doesn't even improve at all.
Of course, the com's cash piles are normal, their net profits from 2010~2013 amounted to 252 millions in total. The company paid taxes of more than 20 millions each year. Starting cash in hand was 53 million at the beginning of 2010, that is why it is normal for cash in hand to be more than RM300 (252+53) millions, the accounting is as good as angel, .
Aside from poor dividend policy, this is a company that is demonstrating a lot of tenacity against business challenges. The overall economic conditions were subpar or bad from 2009 to 2013 but the company was able to make a total of 252 millions over a period of 5 years. I think it is a good company and I would think at the pice of 24 cents per share is a good opportunity to accumulate this counter.
Zu.... lu punya crystal ball manyak keras oh....... hahahaha... i pun tak berani la.... cakap ex price 0.40 / 2 mother = mother turun sampai 0.20 ????? i tak tau i calculation betul tak la.....
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Posted by kkng0819kk > 2014-08-04 15:25 | Report Abuse
Why... why....still can not catch this share,sonethings funny behind this?