Posted by Abrahmi > 2021-04-20 07:13 | Report Abuse

Good divident yield 5.4%

Posted by awxm2021 > 2021-04-24 14:12 | Report Abuse

FPI holland stock?

Posted by WinWin995 > 2021-04-26 11:31 | Report Abuse

this counter is for long term investment.. good counter , every month buy in, u won't regret

Posted by amateurJR > 2021-04-27 13:02 | Report Abuse

U baru holland. FPI is good dividend stock just not for goreng. Previously goreng by some famous sifu. Now that sifu run d.

Posted by goldeneye > 2021-04-27 20:13 | Report Abuse

Good time to accumulate again. Director also start buying. .

Posted by excelyou > 2021-04-27 20:14 | Report Abuse

Downtrend. Move to metal / steel

Posted by TheThird > 2021-04-28 14:20 | Report Abuse

QR soon?

Posted by kewking > 2021-05-05 18:30 | Report Abuse

esos is coming, whether it will affect the prospect of company or benefit of minority shareholders?

Posted by Angel of KLSE 大马股仙 > 2021-05-06 09:45 | Report Abuse

FPI not cash rich meh? Why esos?

Posted by Angel of KLSE 大马股仙 > 2021-05-06 09:52 | Report Abuse

Together we retail shareholders all sell FPI shares. Dont let FPI employees profit from esos. Shit esos!

Posted by Kensington > 2021-05-06 18:32 | Report Abuse

The stock has formed a Bullish Hammer candlestick pattern today arresting 5 days of continuous losses. Have to confirm whether tomorrow's candlestick is an indication of reversal of the recent bearish trend.

Posted by sten_still > 2021-05-07 15:22 | Report Abuse

confirmed !

Posted by sten_still > 2021-05-12 10:26 | Report Abuse

the price should go down more 24sen then go up because of esos right ?

Posted by TheThird > 2021-05-14 12:57 | Report Abuse

https://www.cnbc.com/2021/05/13/sonos-ceo-expects-to-capitalize-on-the-golden-age-of-audio-to-sell-more-home-entertainment-equipment.html

Posted by cwc1981 > 2021-05-21 15:14 | Report Abuse

Wondering how is the quarterly achievement

Posted by nic1515 > 2021-05-25 09:07 | Report Abuse

very nice rebound :)

Posted by Alex Lim > 2021-05-28 17:43 | Report Abuse

Super good Q result. Wao...

Posted by HonLee > 2021-05-28 17:46 | Report Abuse

But how come no dividend pay out yeah

Posted by skel27 > 2021-05-28 17:50 | Report Abuse

One lump sum div will be paid on Q4.
Imagine upcoming the div payout if they keep up with the good work this yr

Posted by Lsk58 > 2021-05-28 18:37 | Report Abuse

Expect super good coming QR will fly from Monday

Posted by Lsk58 > 2021-05-29 11:35 | Report Abuse

US based speaker maker Sonos Inc is eyeing supplier in Malaysia to expand production nFPI as we know is speaker expert so..........

Posted by mantua39 > 2021-05-29 15:39 | Report Abuse

https://www.theedgemarkets.com/article/usbased-speaker-maker-sonos-inc-grow-operations-malaysia-%E2%80%94-report

Posted by mantua39 > 2021-05-29 22:02 | Report Abuse

Definitely

Posted by chunky123 > 2021-05-31 12:38 | Report Abuse

still cheap

Posted by brian3381 > 2021-05-31 18:36 | Report Abuse

Buy in

Posted by mm310 > 2021-05-31 19:01 | Report Abuse

the last peak was 3.43

Posted by danielong1982 > 2021-05-31 22:21 | Report Abuse

good news for FPI, bad news i hold Serbadk too...

Posted by brian3381 > 2021-05-31 22:26 | Report Abuse

Wil revisit 340

Posted by Maxprofittt > 2021-06-01 09:06 | Report Abuse

Fpi goin to surge today. Sit tight.

Posted by cwc1981 > 2021-06-01 10:04 | Report Abuse

Mmmm

Posted by yunjia > 2021-06-01 11:40 | Report Abuse

danielong1982, me too, you are not alone...

Posted by brian3381 > 2021-06-01 17:25 | Report Abuse

huat huat

Posted by Mr.Sm Invest123 > 2021-06-01 23:02 | Report Abuse

Over 3

Posted by wallstreetrookie > 2021-06-02 19:01 | Report Abuse

Who told you all that Sonos Inc. outsources its production to this company? You all believe in rumours?

Posted by wallstreetrookie > 2021-06-02 19:10 | Report Abuse

Careful. Sonos might not necessarily expand operation.

That year, Sonos began relocating orders with Chinese suppliers to Malaysia in an effort to diversify its supply chain. Its tariff costs have since come down, but the company wants to reduce them further, as tariffs remain in place between the U.S. and China. Sonos declined to provide a percentage for its U.S.-bound products currently made in China.

The company said it would continue to source products for sale in Europe, the Middle East, Africa and the Asia-Pacific region from China, which made up about 42% of revenue during the quarter ended April 3. Sonos doesn’t own or operate any plants.

Its plans to increase orders from Malaysia have been met with obstacles. Manufacturing plants in the country had to shut down temporarily because of pandemic-related restrictions and Sonos faced challenges in hiring workers. The company declined to say how many suppliers it has or how much it will cost to boost orders from manufacturing partners in Malaysia.
WSJ

Posted by moolala > 2021-06-02 20:20 | Report Abuse

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/sonos-sounds-warning-on-congestion-container-costs-61409004

Highly possible that FPI might get more business from Sonos, considering that Wistron which is a major shareholder of FPI is also one of the main suppliers to Sonos

Posted by pputeh > 2021-06-03 09:19 | Report Abuse

Slowly slowly catch the monkey. Today 2.90 cukup lah

Posted by brian3381 > 2021-06-03 12:46 | Report Abuse

red oredi

Posted by JKing > 2021-06-04 09:19 | Report Abuse

Fpi is no longer a speaker company. They are already transform themselves few years back into a smart audio manufacturer. Their latest product is the Sony one in one sound bar with sub woofer and the laptop audio panel.
They are not normal OEM but ODM mean they are not manufacturer but also the design base on the spec provided by customer. That said they can use the same platform for other client who wish to product sound bar.

Of course the recent sound bar and laptop audio system do have some high tech part that FPI may not have the machine to product and this was supported by Wistron. To validate the point, fpi purchase 150mil of part from Wistron while they do sale 250mil to wistron on other canary audio component.

Short term price volatile will be there but fpi is the cheapest, highest dividend yield and high grow counter.

We do not speculate but we look at fact.

Posted by JKing > 2021-06-04 09:23 | Report Abuse

Almost everything on electric need a audio system and that is the key grow driver for fpi. Suggest to accumulate on price weakness during the current volatile environment for strong future grow. PE is less than 10 and is deem cheap at his industry rating.

Posted by moolala > 2021-06-04 09:37 | Report Abuse

Thx for the input JKing

Posted by Teosoontong > 2021-06-04 12:16 | Report Abuse

As Sonos fan, I have been following up Sonos’s plan to outsource to Malaysia announced since early 2020 but can’t ascertain if it is FPI which was selected to produce the smart speaker.

Posted by JKing > 2021-06-04 12:39 | Report Abuse

Doesn’t matter if FPI is not the vendor for Sonos, it current order is already enough to justify a 10 PE. If got Sonos contract, it is a bonus.

Posted by Mr.Sm Invest123 > 2021-06-07 20:53 | Report Abuse

https://klse.i3investor.com/blogs/FPIattractivevaluation/2021-03-06-story-h1542059868-Recent_steep_correction_of_FPI_may_offer_attractive_entry_ahead_of_bull.jsp

Posted by Mr.Sm Invest123 > 2021-06-07 23:24 | Report Abuse

Company background

Formosa Prosonic Industries Berhad (FPI) is one of the leading manufacturers of sound system in Malaysia with proven engineering expertise in designing, manufacturing and marketing of sound system products to worldwide multinational companies. Established in 1989, with over 30 years of experience in the audio equipment industry, the company has evolved from the manufacturing of conventional speaker systems to smart audio systems and musical instrument components including the design and development of wireless and blue tooth speakers with cutting edge functionality and seamless connectivity. FPI provides and assembles a variety of audio component and speakers for renowned Japanese and American brands like Sony, Panasonic, Sharp, Bose and etc.



Investment thesis

Synergistic partnership with global leader

Wistron Corporation is one of the biggest global suppliers for information and communication products based in Taiwan. It was the manufacturing arm of Acer Inc. before being spun off in 2000. Wistron, focuses on Information Communications Technology (ICT) products, Liquid-crystal-display TVs, handheld devices and equipment for medical applications in Taiwan, holds a controlling stake of 28% in FPI.

As a result of trade war in 2018, Wistron has approved a capital injection of USD45m into Wistron Technology (Malaysia) Sdn. Bhd. with a maximum capex of USD77m to accelerate business expansion. While iPhone production assembly will not be transferred here, Wistron has dedicated the Malaysian operation to focus on Internet of Things (IoT) devises. Wistron had set its total production capacity outside China to be 50% by end-2021.

Additionally, FPI has a 20-acre vacant land beside Wistron’s 22-acre built factory in Port Klang. This may bode well in easing business transfer should Wistron’s existing customers look for ways to diversify away from China due to deeper decoupling of US-China when conflict escalates further. Aside from trade war, the latest scandal of Super Micro super spy-chip further place China’s reliability in doubt. According to Bloomberg, Chinese spies have infiltrated the supply chain for servers used by nearly 30 US companies, including government contractors, Apple, and Amazon. Electronics produced in China may be viewed as unsafe, this gives multinational companies more of a reason to reroute their production away from China. FPI which has the ability to provide audio components for electronic gadgets like laptop, speaker, and central processing unit (CPU) is a potential beneficiary should opportunity arise.



Bullish speaker market outlook

The growing trend of internet of things (IoT) is encouraging consumers to buy connected household entertainment systems such as smart (voice activation with artificial intelligence (AI), portable and wireless speakers. Speakers are riding along with the growing penetration of technologies including in-house entertainment systems and are expected to propel home and commercial audio equipment markets growths.

According to Technavio, global speaker market will post a 4-year CAGR growth of 17% from 2018-2022 to reach 27 billion USD, the key factor driving the growth of the market is the rise in popularity of wireless streaming of audio device. The behavioural shift in how people listen to music inside and outside their homes will boost demand for portable speakers and sound bar.

This trend can be observed in the latest report by Strategy Analytics which highlighted that global smart speaker sales hit a new record last year despite the pandemic. FY20 sales crossed 150 million units, while 4Q20 shipment grew 4.3% to 58.2 million units. The research firm, Canalys expect the global speaker market will return to greater growth, with numbers hitting 163 million units in 2021, marking a 21% growth overall.

Based on the data published by Statista Research Department on Jan 22, 2021, the global smart speaker market was valued at 15.6 billion USD in 2020 and could reach 19.6 billion USD in 2021 (25.6% YoY growth). By 2025, projections suggest that this annual figure could more than doubled to 35.5 billion USD.



Travel curtailment has boosted consumer electronics spending

Covid-19 has caused an unprecedented crisis for the tourism industry. With the travel curtailments imposed, individuals may divert their disposable income from tourism spending to consumer electronics. Moreover, with working from home becoming new norm, demand for consumer electronics is surging on the back of the inclination to make home environment more comfortable and well equipped by buying/upgrading electronic appliances for lifestyle (speakers, sound bar, etc) and work (PC, laptop, tablet).



Demand upcycles leading to robust expansion

The new plant in FY19 has enabled the group to ramp up production capacity by 20%. FPI has already secured a contract with one of their existing customers for manufacturing a new series of smart portable audio, which was projecte

Posted by goldeneye > 2021-06-10 15:11 | Report Abuse

https://www.quattrodaily.com/audi-partnering-with-sonos-for-q4-e-tron-sound-system/

Posted by 4086 > 2021-06-10 16:05 | Report Abuse

PJ western digital bought over by wistron to producse sonos product

Posted by Kensington > 2021-06-11 18:24 | Report Abuse

At the closing price of RM2.88 I think this counter still has legs to run.

Posted by Wawa West > 2021-06-11 19:15 | Report Abuse

This counter at least fly to 4.00

Posted by brian3381 > 2021-06-11 19:53 | Report Abuse

Market very bad now. Dun hope wil fly so smooth