We can only guess that PNB has fully exited FPI based on the volume traded in past 4 weeks. You have to wait for 6 months later to read the AR 2019 to confirm its status.
- Wistron is the major shareholder of FPI and there are a number of collaboration. - Wistron is also a supplier to Apple and being asked to shift its production out from China.
looks like pnb sell down is over, with wistron as strong backup. fpi will keep growing bigger. the only concern will be its margin. i hope they get a fair margin from wistron orders, but definitely not fat like roland.
"The overall smart speaker market is expected to grow from USD 1.57 billion in 2017 to USD 11.79 billion by 2023, at a CAGR of 34.44% from 2018 to 2023."
The 3rd plant for rent to Roland completed and started production in the 2HFY2020.
Apparently, Roland is moving more manufacturing to Malaysia from China due to the trade war and higher tariffs for products made in China.
Wistron, the major and Controlling shareholders of FPI, is channeling more orders to the Malaysian Plants, both in Port Klang and Sungai Petani, apparently due to FPI is a beneficiary of the US-China Trade War.
The revenues have been growing quarter by quarter and exploding.
Expect full FY2020 EPS =18 cents and dividend, 12 cents as projected by Dr Neoh Soon kean's research house, Dynaquest.
Due to share divestment by PNB, and which should have finished, the share price present cheap entry as it is still depressed due to the sales by PNB earlier and by the profit takers.
Isaac Newton Quotes If I have seen further than others, it is by standing upon the shoulders of giants.
FPI is standing on the shoulders of Wistron, a consecutive 10 years (2009-2019) Fortune 2000 company, and qualified Fortune 500 3 times during the same period.
Just hold on with this stock. Don't panic if the price drop more.. Just remember the dividend that would be paid out every year..
The revenues are growing since Wistron took over from FY 2015.
The market could be irrational and at times of panic and catapulation, the price can drop to unreasonable level, especially when there are waves after waves of margin force sellings..
Inventec, Wistron land new orders for smart speakers Aaron Lee, Taipei; Joseph Tsai, DIGITIMES Friday 10 January 2020 0 Toggle Dropdown Inventec has obtained orders for smart speakers from Google, with shipments set to kick off later in 2020, while Wistron has landed its first orders for smart speakers, according to industry sources.
Wistron, major shareholder for FPI have now a key supplier component to Apple. More order will derive up FPI sale, higher EPS, Higher dividend (12sen) is expected
thanks newages00, the NEW corporation between Apple and Wistron is good enough for FPI as many apple electronic gadget need audio component which is FPI Key product.
Wistron will assembly Apple iphone in Indian, it likely get internal audio component supplier from FPI
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....
coolio
620 posts
Posted by coolio > 2019-12-06 22:11 | Report Abuse
Nice one...strong momentum to go forward