PNB has 22mil shares, it is off loading non core assets, which FPI is one of it. Hence, FPI price was suppressing by PNB. Does it make me feel better? No, but at least I know what is the reason it was floating around 1.30+ and now 1.50+. If business environment doesn't change AFTER PNB dumped all its shares, the price will fly.
by looking at the current business prospect, PE and dividend yield, it is still consider undervalue in my opinion, but i am not a qualified consultant, so trade at your own risk.
Fantastic Q3 result. FPI achieved record high revenue and earnings in this quarter. It is a net cash and growing company, its new plant is to ready in year 2019. Let's see how market react to this positive earnings result tomorrow.
haiyou...hong long u have hold this counter?or u never touch bro...have u see fpi declare any dividen during q3?they only declare once in a year la brather
US is one of fpi's major export markets. They have been doing well recently because housing market there has been strong. But housing market there has started to become shaky. Trading now only based on sentiment because of good results but fundamentals will be weaker in medium to longer term. matter of time before fpi share price falls.
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 > 2018-09-21 17:44 | Report Abuse
rm2 soon