was looking at the new quarter announcement, it didnt pay twice because my bank account didnt have so much... it was paid in june a final and special dividend... quarter results improve due to its manufacturing arm but trading segment was poor coupled with its wire sales. recent hike in electronic price certainly help a bit in revenue but still not as impressive as it used to be 2 years ago .. the dividend was even higher at 39 cents previously... what worry me is this type of company which rely so much of electronic pprice and of course use to be foxcon contractor will continue to slump after the iphone is no more popular ... no more capital commitment which shows that there is no potential future growth.. what worry me the most is that it is an old plant also whereas the fast changing industry of electronics need far more powerful and advance plant.... buy any samsung contractor instead .. lolx just a 2 cents thought
Hi Paoblocrk : your view on the prospect of PIE is spot on. I totally share your view and for the same reason I switched PIE to GTronic in March 13 after holding it for more than a year. Nevertheless, I opine that for those who are just looking for relatively consistent and higher yield than FD, this counter can be a good option when there is a downward correction to RM4.0-4.3.
PIE is a fully integrated EMS provider. More than 60% of PIE products export to USA. Seeing the up trend market in US and the US currency, we should expect more positive news for PIE very soon.
seriously nobody comment on this stock... no news at all, but it is flying after 3 years... Bravo to those investors who waited for three years for the price to jump now
Been holding since the price was 4.38 about 2 years ago. Just sold all. Have no idea what's going on, it looks really weird. Low volume but price jumped so much, best buy price is always 1 lot queued only...Registered to post this, because I'm so curious, but no one seems to know what's going on.
I bought it at 4.00 on Mar 2010 and already received 4 times dividend (35sen + 35sen + 39sen + 32sen). With total shares 64Mil, may be it will declare bonus issue soon.
P.I.E.Industrial Bhd is banking on its new RM30mil fully automated plastic injection investment in Seberang Jaya, which is scheduled to start operation in the first quarter 2014, to boost its revenue and earnings growth next year
For PIE, let me take its average past 4 years free cash flow of 26.5m as a base, and assume it is going go grow by 5% a year for the next 10 years and 3% subsequently, and a discount rate of 10% (PIE has a healthy balance sheet with no debts and steady earnings and cash flows), the present value of its FCF is 451m. Adding back its 98.4m of excess cash, it is worth 550m, or RM8.58 per share.
I suspect the recent hike and optimism in global semiconductor industry had fuel the hike in this share price. Still I can't justify such a huge jump in the share price considering the capacity constrains
Cheongcy ... u using DCF? What are the assumptions u are using? My RM8.60 TP is just based on 1-year fwd P/E.11.5x (rough rough 5 year peak P/E valuation).
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....
KC Loh
13,701 posts
Posted by KC Loh > 2012-08-13 15:45 | Report Abuse
Disappointed i miss this when it was hovering at 3.92. Good stock to put in watchlist!