Interest income and fx gain are recurring yearly. Interest income will parallel the increase in cash. For the past 6 years FPI’s PBT has consistently been higher than OP. Also, in-spite of the high cash reserve RoE is more than 20%. It simply means FPI's capital expenditure requirements are low.
How can I make Rm or more a day? In conclusion, making an extra Rm100 a day is possible with some effort and creativity. You can start a blog, do freelance writing, complete online surveys, sell products online, drive for Grab or Food Panda, rent out your home or space, sell photos online, or become a virtual assistant.
Wonder why market still giving low valuation to FPI despite of its capability to distribute high dividend. 7.5% at current price, not to mention their net cash and dividend have been consistently increasing.
I own FPI at marginally above neutral position. I like the stock but I would also remind myself not to be too greedy.
One thing to note is the Group MD is 68 years old Taiwanese, and last year a Board member retired. The Group MD apparently was appointed to his position in 1989 ... so, this may not exactly be a young, agile or dynamic company despite small cap. If the Group MD was say 10-15 years younger, with this kind of fundamentals and price action, I would load up even more, but as it is now, it's still good, and so, still deserve a full neutral position (which to me is around 3% capital) and maybe even up to 4% capital position due to its excellent fundamentals, financials, dividends, chart, etc.
Documenting my evolving thoughts here for future reference - http s://dividendguy67.blogspot.com/2024/04/fpi.html
Haha ... today, FPI went ex-div, and as I mentioned in my article a few days ago when price was 3.13+, I mentioned odds are good for price to drop to 2.85 and 4 days after I penned the article, it came true! .... LOL.
Nothing's changed for me. Expected price action. From company's left pocket to my right pocket.
Notwitstanding, my portfolio continues to make new all time high today. Thank-you Mr 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....
Dhando
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Posted by Dhando > 2 months ago | Report Abuse
Export of Sony products will be record high in Q1.