First quarter is usually the worst quarter based on historical performance.
Considering strengthening of ringgit against usd in quarter 1 it is not unusual that results in lower qoq profit. However revenue qoq grew by 28% which is significant.
A very good quarter!!! Usually FPI Q1 have lower sales but this quarter almost hit 100m, definitely subsequent quarter will be beast...Buy more during low price and year end it will bloom TP2
FPI is always troubled by low free float shares, very low public retail shareholding, that why PNB sell whenever possible to maintain the free float share percentage.
this year down compared to last year, coz last year was record highest. that's why FPI heboh share buy back and bonus shares to support price. Anyw, doesnt mean no chance to up; it depends on consumers: if everybody buys FPI speakers and pianos, FPI will up to the sky
no more support lar... trade war just starts.. bursa will drop until 1600 to 1610.. fail to hold at this point will drop until 1520 to 1500... if continue this trend, bursa will enter bearish and we will welcome another global crisis
@gadgetng: Refer the quarter report, "lower earning xxxx due to loss on foreign exchange as the USD has dropped against RM", mean for next quarter should be better right? USD is strong now.
bonus shares ?? if good catalyst coming, why pnb throwing like hell? FPI now considered moderate price. With decent dividend, can buy little bit to accumulate it.
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....
chl1989
2,552 posts
Posted by chl1989 > 2018-05-15 10:16 | Report Abuse
next rm2 :)