Good Quarter Result to be released? With Current P/E 5.44, and good track record of consistent dividend (twice in 2019), it is worthwhile to keep an eyes on this stock.
Full Impact on construction sector revenues will be felt in Q4 => From Q3 Report Prospect. IFO Division unable to obtain any significant project since start of financial year. => From Q3 Report prospect.
Seems there wasn't any new construction project tenders added to backlog also. Only mention 294M worth of project still on-going for 30 Month span which isn't a lot. Construction contribute the most to their revenues.
Their 2019 Annual Revenue for construction was 150M. So 294M for 30 months is even lesser than 2019's...
If really want to push or acquire...surely wont tell the whole world...restructured federal furniture....rebranding to FIHB is a good move...i remember the good old days...when it was a STAR on the 2nd Board....towards the end of 1996...it was almost RM8.....the people behind this stock...are still there...the younger 3 generation coming in......look at the present worldwide rallies....young people who entered the workforce after the year 2010...are now ruling the world stock market.... They are mostly between 25 and 40.....equipped with technology and gadgets....markets flying during this pandemic season....Taiwan just hit record high....watch carefully.....many old sleeping stocks coming back....many undervalued....jumping in value.... FIHB will break 52 soon.....and scale towards the RM1 mark...and above. MBL even though cannot get to control this gem...its 5% stake will surely be valued more....in a few months.. Dont play contra....sure burn...All the best to everyone.... Several parcels of land coming up near Menara Choy Fook On....surely FIHB has an eye on some of them....stay tuned.....
@akifuyu watever come up will come down ... is a price building process ... no big news no need buy hahahah just sit there enjoy the show with zero risk ...
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....
laihc
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Posted by laihc > 2020-06-09 16:27 | Report Abuse
Good Quarter Result to be released? With Current P/E 5.44, and good track record of consistent dividend (twice in 2019), it is worthwhile to keep an eyes on this stock.
Some fundamental info about FIHB by simplywall st
https://simplywall.st/news/a-rising-share-price-has-us-looking-closely-at-federal-international-holdings-berhads-klsefihb-p-e-ratio/