The latest QR is not good and although I am tempting to sell, I still think this is a good company. The net asset and cash balance increase YoY although revenue dorp. Tough decision.
HLIB Research 22-Feb-2019 TPRM2.22 :- We continue to like FPI for its (1) ongoing expansion plans; (2) strong balance sheet (net cash per share of 67.8 sen or 34% of market cap); (3) generous dividend yield of ~6%; and (4) synergic partnership with global EMS leader (Wistron). 10 cents dividend ex date in 1 month+ time i.e. 03-Apr-2019. Share price can up to RM2 (with 5% Div yield).
Pursuant to Paragraph 10.09(1)(b) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("MMLR"), the Board of Directors of Formosa Prosonic Industries Berhad (“FPIB” or “the Company”) wishes to announce that FPIB Group has in the ordinary course of its business entered into Recurrent Related Party Transactions (“RRPTs”) with Wistron Corporation ("Wistron"), a company listed on the Stock Exchange of Taiwan, which is a major shareholder of FPIB. The collective consideration of such RRPTs has exceeded the percentage ratio of 1% for the period from 11 February 2019 to 26 February 2019.
Related Party : Wistron Transacting Party : FPIB and/or its wholly-owned subsidiary, Formosa Prosonic Technics Sdn. Bhd. (“FPT”) Nature of Transaction : Sales of speakers by FPIB and / or FPT to Wistron Amount of Transactions : MYR5,636,744.80
Is that mean that the amount of transaction is exceeded by 1% from these 2weeeks (11 Feb -26 Feb)?
It is normal for stock price to adjust as much as the distributed dividend. It is more a adjustment than drop. I’m kinda surprise it didn’t drop further like last time... it is definitely weird... hmmm...
Not wierd I think. It is showing symptom of strength. I held this stock for 4 years. Usually drop further after dividend but this time I think the lowest it went was 1.69. Think this stock will exceed rm2 closer to the upcoming qtr results.
Looking at the AGM result, it looks like someone disagree with the reappointment of directors. Anyone who went to the AGM can share what happen there? Any other news ?
buy this since 4 years ago... firstly aim for its dividen since that time have some cash and dont want to save in bank.. now just wonder how far FPI can go.. another KESM?
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....
Angel of KLSE 大马股仙
382 posts
Posted by Angel of KLSE 大马股仙 > 2019-02-22 09:28 | Report Abuse
Oh my god, fall like shit flushed into toilet hole.