FORMOSA PROSONIC INDUSTRIES

KLSE (MYR): FPI (9172)

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Last Price

2.78

Today's Change

+0.01 (0.36%)

Day's Change

2.76 - 2.78

Trading Volume

201,500


8 people like this.

3,132 comment(s). Last comment by carilembu 2 days ago

Posted by Losel Chuah > 2014-01-09 16:47 | Report Abuse

what happen? the director disposing but the share price up?

sephiroth

14,145 posts

Posted by sephiroth > 2014-01-09 16:48 | Report Abuse

6 sen dividend to be proposed end feb

sephiroth

14,145 posts

Posted by sephiroth > 2014-01-09 16:49 | Report Abuse

directors dump share to increase liquidity only

Posted by Losel Chuah > 2014-01-09 16:52 | Report Abuse

oh i see... thanks for the info....

sephiroth

14,145 posts

Posted by sephiroth > 2014-01-10 10:23 | Report Abuse

go go go

beecheng

17 posts

Posted by beecheng > 2014-01-10 15:47 | Report Abuse

dividend soon.

choonhock

2,029 posts

Posted by choonhock > 2014-01-15 10:42 | Report Abuse

yeah..buy now before it fly in Feb :)

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-10 10:14 | Report Abuse

dividend will be proposed (5-6 sen single tier) in 1 or 2 weeks

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-10 16:52 | Report Abuse

82 liao

choonhock

2,029 posts

Posted by choonhock > 2014-02-10 16:59 | Report Abuse

go go go ....dividend is ahead

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-11 09:23 | Report Abuse

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-11 10:36 | Report Abuse

normally 2-3 digit vol, now 5 digit , breakout coming

choonhock

2,029 posts

Posted by choonhock > 2014-02-11 11:14 | Report Abuse

i hear $$$$$ :D

leelc70

402 posts

Posted by leelc70 > 2014-02-11 15:01 | Report Abuse

i heard too.........$$$$$

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-11 16:30 | Report Abuse

will resume uptrend tomorrow, dow futures +0.32%

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-12 11:17 | Report Abuse

coming back

leelc70

402 posts

Posted by leelc70 > 2014-02-12 16:21 | Report Abuse

bargain hunting and price at low side today, decide to hold which expected a strong result at q4'13 should release soon next 2 weeks time

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-12 16:23 | Report Abuse

no worries, dividend will boost the price shortly

lepeng85

256 posts

Posted by lepeng85 > 2014-02-12 21:34 | Report Abuse

profit taking

choonhock

2,029 posts

Posted by choonhock > 2014-02-17 09:22 | Report Abuse

This director, Chiang Tzu-Hsiung @ Tzu Hsiong Jhang keep disposes the share

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-17 10:15 | Report Abuse

gonna come real soon (2X Feb), 6 sen div coming

Posted by Victorchan > 2014-02-17 17:03 | Report Abuse

Is FPI a good company?

tjhldg

27,218 posts

Posted by tjhldg > 2014-02-18 01:09 | Report Abuse

taiwanese company , divident ok . kikikii

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-19 09:49 | Report Abuse

appetizer now at 0.855, real meat at 90

Eelyn Soon

514 posts

Posted by Eelyn Soon > 2014-02-19 20:02 | Report Abuse

i'm aiming rm1.... can ka? :P

tjhldg

27,218 posts

Posted by tjhldg > 2014-02-21 01:43 | Report Abuse

ah boi koh , bro. hiddengem . macai ai tambah tam pok , ban ban lai ka aeh song ... rasa ni macam susah jadi gigi besar ...

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-21 11:07 | Report Abuse

88 sen liau but low volume

ch

2,029 posts

Posted by ch > 2014-02-21 12:02 | Report Abuse

almost there ... :D

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-21 12:05 | Report Abuse

After scanning thru receivables from previous years, noted FPI usually receive cash from supplier on the final quarter of the year and hence reduction in receivables by the same amount

FY11 Receivables
3Q11 RM152.338m 4Q11 RM107.286m, Received CASH of RM45.052m

FY12 Receivables
3Q12 RM159.36m 4Q12 RM102.473M, Received CASH of RM56.887m

FY13 Receivables
3Q13 RM147.198m 4Q13 ??? , Received CASH of ???

If history repeat itself FPI should be receiving cash RM45 to 50m on top of the latest cash and cash equivalents of RM110.465m

Assuming FPI receive RM45m cash + current cash holdings RM110.465
Cash will balloon to a WHOPPING RM155m or 62.66 sen per share

Net profit have been improving substantially in the latest 2 quarters

Net profit
Q412 RM2.511m or 1 sen per share
Q113 RM1.751m or 0.7 sen per share
Q213 RM7.46m or 3 sen per share
Q313 RM8.642m or 3.5 sen per share

Borrowings RM55,000 only

GOOD LUCK TO ALL FPI SHAREHOLDERS
CHEERS, HUAT AARRRR

Posted by Cheng Yeow Ng > 2014-02-21 12:27 | Report Abuse

Good News! Acer and Apple supplier bought FPI ! Bursa not annoucement yet but Taiwan already annouced!

khchong78

60 posts

Posted by khchong78 > 2014-02-21 13:22 | Report Abuse

緯創 搶食音響製造大餅

【經濟日報╱記者陳昱翔/台北報導】 2014.02.21 04:15 am


緯創(3231)進軍音響製造市場,昨(20)日宣布以盤後交易方式,購買音響製造商Formosa Prosonic Industries Berhad(FPI)近6,900萬股普通股,交易總金額上限5.6億元,估計將持股25%至30%。

據悉,緯創將於3月完成入股相關程序,屆時也會成為Formosa Prosonic Industries Berhad第一大股東,並將取得董事席次,但經營方針仍會尊重該公司既有的專業團隊。緯創昨股價下跌0.1元,收24.85元。

Formosa Prosonic Industries Berhad為馬來西亞股票上市公司,以高品質音響及喇叭單體代工為主要業務,客戶為歐、美、日、韓等音響品牌業者,主要競爭對手為F-東科、美律與淇譽。

緯創表示,入股Formosa Prosonic Industries Berhad,未來在影音產品製造的布局將更加完整,日後雙方也會有許多策略性合作計畫將陸續展開。



全文網址: 緯創 搶食音響製造大餅 | 上市電子 | 股市投資 | 聯合新聞網 http://udn.com/NEWS/STOCK/STO3/8499688.shtml#ixzz2tvn2ZMzZ
Power By udn.com

khchong78

60 posts

Posted by khchong78 > 2014-02-21 13:23 | Report Abuse

Wistron Corp to invest in Formosa Prosonic Industries Bhd

Thursday, 20 Feb 2014 04:47am EST
Wistron Corp and Formosa Prosonic Industries Bhd:Wistron Corp intends to invest in Formosa Prosonic Industries Bhd for up to T$560 mln, and increase stake to about 28 pct (69,260,000 shares).

http://www.reuters.com/finance/stocks/3231.TW/key-developments/article/2926177

ch

2,029 posts

Posted by ch > 2014-02-21 14:19 | Report Abuse

hohoho...heading to rm1.00...

Posted by poorperformer > 2014-02-21 14:50 | Report Abuse

Wistron buying from PNB?

Posted by poorperformer > 2014-02-21 14:53 | Report Abuse

More job for FPI going forward after Wistron emerge as substantial shareholder?

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-21 14:53 | Report Abuse

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-21 14:59 | Report Abuse

crack 90 new high liau, kikikikiki

ch

2,029 posts

Posted by ch > 2014-02-21 15:02 | Report Abuse

haha..huat ah....

ch

2,029 posts

Posted by ch > 2014-02-21 15:02 | Report Abuse

what is next tp?

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-21 15:09 | Report Abuse

assuming fpi cash at end Dec 13 is 62.66 sen as stated in my earlier post, the co. now is worth less than 30 sen ex-cash????

Posted by Ng Binary > 2014-02-21 15:20 | Report Abuse

sephiroth, would you mind to explain your statement made above?

"assuming fpi cash at end Dec 13 is 62.66 sen as stated in my earlier post, the co. now is worth less than 30 sen ex-cash????"

Is good or bad?

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-21 15:29 | Report Abuse

Ng Binary, estimated fpi cash 62 sen per share, share price 0.89 less 62 sen cash, the market value fpi business at just 27 sen per share

Avocado_C

129 posts

Posted by Avocado_C > 2014-02-21 15:33 | Report Abuse

Sephiroth is saying that by paying 91 cents now, you are getting 62.66 cents in cash and all the other assets of FPI (presumed value at less than 30 cents??). Good or bad, you think?

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-21 15:38 | Report Abuse

avocado, of coz very good, previously flbhd was trading at 80 sen but cash 57 sen, grab 80 sold 112, eventually the market will recognise this way undervalue conter.

PNB holds above 80% of FPI, there's rumour that acer and apple is buying 24-25% stake according to ealier post in chinese

khchong78

60 posts

Posted by khchong78 > 2014-02-21 15:47 | Report Abuse

RM1.00..... Huat ah!!!

Posted by Ng Binary > 2014-02-21 15:51 | Report Abuse

but when I compare the financial result of year 2013 VS 2012, seem like FPI is not perform so well as what they did in 2012??? Even the Q4 result announcement is just around the corner, do you guys think will the announcement push the price go higher ... really difficult to say ???

Avocado_C

129 posts

Posted by Avocado_C > 2014-02-21 16:06 | Report Abuse

FPI's financials are not spectacular, very thin margin. However, they never make losses and managed to accumulate a lot of cash over the years. With this new Taiwanese partner, perhaps they can get better business prospects and improve their margin. The future is hard to tell, I was looking at this counter few days back but I didn't take action, perhaps I am too late now.

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-21 16:09 | Report Abuse

noted the margin is just 4-5%, grab at 0.72/0.75.5, nothing wrong with cash rich company

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-21 16:17 | Report Abuse

break 90 again

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