FORMOSA PROSONIC INDUSTRIES

KLSE (MYR): FPI (9172)

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Last Price

2.77

Today's Change

0.00 (0.00%)

Day's Change

2.76 - 2.80

Trading Volume

553,200


8 people like this.

3,131 comment(s). Last comment by yongyong88 2 days ago

Aero1

1,469 posts

Posted by Aero1 > 2021-11-19 19:19 | Report Abuse

Those still think other company wth smal proft or lost the price can rocket

cwc1981

1,404 posts

Posted by cwc1981 > 2021-11-20 13:50 | Report Abuse

Does FPi produce for them?

donald770

278 posts

Posted by donald770 > 2021-11-20 15:51 | Report Abuse

@cwc1981, please let's know fpi n sons relationship.thanks

donald770

278 posts

Posted by donald770 > 2021-11-20 15:51 | Report Abuse

Sonos

cwc1981

1,404 posts

Posted by cwc1981 > 2021-11-20 16:17 | Report Abuse

Hi donalds770. I don't know whether they got any business relation. Just asking whether any know?

cwc1981

1,404 posts

Posted by cwc1981 > 2021-11-20 16:32 | Report Abuse

Just curious because Sonos and Bose quarterly result really good

KPH5328

113 posts

Posted by KPH5328 > 2021-11-20 18:50 | Report Abuse

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/sonos-sounds-warning-on-congestion-container-costs-61409004
The difference has been accounted for by imports from Taiwan, which reached 35.4% of the total in the past three months, as well as a small but growing component from Malaysia. That process has also included a shift away from Inventec as the company's main supplier to also include Wistron for supplies from Taiwan

Posted by danielong1982 > 2021-11-21 16:12 | Report Abuse

thanks for the very good info

Michael Kwok

6,445 posts

Posted by Michael Kwok > 2021-11-22 17:31 |

Post removed.Why?

Sardin

839 posts

Posted by Sardin > 2021-11-22 22:18 | Report Abuse

Hi CWC1981, Sonos' order is placed to FPI through Wistron. However, I do not know how much of the total order is allocated to FPI.

cwc1981

1,404 posts

Posted by cwc1981 > 2021-11-22 22:38 | Report Abuse

Thanks Sardin

Posted by yatlokfatt > 2021-11-23 10:31 | Report Abuse

Still under programme selling pressure...

cwc1981

1,404 posts

Posted by cwc1981 > 2021-11-23 12:53 | Report Abuse

Market also on downside

Posted by yatlokfatt > 2021-11-25 14:54 | Report Abuse

Start to move sideway... Entering consolidation stage.

cwc1981

1,404 posts

Posted by cwc1981 > 2021-11-29 09:54 | Report Abuse

Where are all the sifu gone????

cwc1981

1,404 posts

Posted by cwc1981 > 2021-11-29 09:55 | Report Abuse

Nobody here

Posted by yatlokfatt > 2021-11-29 14:39 | Report Abuse

Hahaha... All sifu go for hibernation...

cwc1981

1,404 posts

Posted by cwc1981 > 2021-11-29 15:42 | Report Abuse

Go glove liao

saatjw

15 posts

Posted by saatjw > 2021-11-29 15:46 | Report Abuse

Glove fast n furious now, all shorties need to close their position.

cwc1981

1,404 posts

Posted by cwc1981 > 2021-11-29 17:34 | Report Abuse

Sifu sifu any updates for this counter?????

Posted by OldWiseMan100 > 2021-12-02 14:23 | Report Abuse

December 02 - At the time of writing, stocks classified under the technology and EMS sector saw a sharp sell off.

VSI is down 10%, Inari is down 6%, Globetronics is down 4%, JCY is down 1.6%

This is after Andy Hall, the human rights activists and anti modern slavery advocate (who was the reason behind ATA's demise) had a talk organised by Credit Suisse with institutional investors at 11am earlier today

According to participants in the call, Andy Hall highlighted that VSI and JCY are next on the list. Tech in general for ICT those that does jobs for the likes of Apple is still ok, but automotive and medical device players standards are below par and he has set his sights on those sectors.

Risk off will be centered on companies focused on dependent on MNC orders and after experiencing ATA most investors will rather sell first and ask questions later and then get some sort of clarification later.

Then again ATA's severe price drop is down to its concentration risk where its dependent on one large customer, therefore its unlikely that any of the companies mention highlighted by him will drop of the same magnitude like ATA

Posted by danielong1982 > 2021-12-02 15:48 | Report Abuse

top up again :)

Posted by yatlokfatt > 2021-12-02 16:00 | Report Abuse

According to Fpi annual report, the company provided free meals to their employees.

cwc1981

1,404 posts

Posted by cwc1981 > 2021-12-06 15:33 | Report Abuse

Sifu sifu all missing where?

treasurehunt

1,884 posts

Posted by treasurehunt > 2021-12-06 15:35 | Report Abuse

Bursa Technology sector mania is gone with forced labour wind.

gemfinder

6,880 posts

Posted by gemfinder > 2021-12-06 17:08 |

Post removed.Why?

cwc1981

1,404 posts

Posted by cwc1981 > 2021-12-06 18:34 | Report Abuse

So currently is just some isolated case in Malaysia. So tomorrow should be better

blackchicken

1,220 posts

Posted by blackchicken > 2021-12-07 06:48 | Report Abuse

The dow was up 1.87% yesterday..

cwc1981

1,404 posts

Posted by cwc1981 > 2021-12-07 17:26 | Report Abuse

Have to wait till FY result to fly liao

blackchicken

1,220 posts

Posted by blackchicken > 2021-12-07 19:04 | Report Abuse

中国11月出口年增22% 进口增31.7% 均胜预期 | https://www.klsescreener.com/v2/news/view/920579

blackchicken

1,220 posts

Posted by blackchicken > 2021-12-08 07:23 | Report Abuse

Nasdaq was up 3.03% yesterday.

blackchicken

1,220 posts

Posted by blackchicken > 2021-12-10 17:41 | Report Abuse

Malaysia's October manufacturing sales grew 15.3% — DOSM https://www.theedgemarkets.com/article/malaysias-october-manufacturing-sales-grew-153-—-dosm

cwc1981

1,404 posts

Posted by cwc1981 > 2021-12-10 17:45 | Report Abuse

Market really dull

donald770

278 posts

Posted by donald770 > 2021-12-13 08:19 | Report Abuse

Market is bad n hope it aly price in the low for fpi.

cwc1981

1,404 posts

Posted by cwc1981 > 2021-12-13 09:21 | Report Abuse

Not sure Donald770. Market these days really strange

donald770

278 posts

Posted by donald770 > 2021-12-13 12:47 | Report Abuse

Fpi has tested its low with recent esos issues. Hopefully it is around it's low

cwc1981

1,404 posts

Posted by cwc1981 > 2021-12-15 14:18 | Report Abuse

ESos again. Seems like employees got lots of confidence in their company

donald770

278 posts

Posted by donald770 > 2021-12-15 20:30 | Report Abuse

The esos amount is diminishing.Hope this is the last batch.

cwc1981

1,404 posts

Posted by cwc1981 > 2021-12-15 22:03 | Report Abuse

Still got few percent.

JKing

239 posts

Posted by JKing > 2021-12-15 23:03 | Report Abuse

With the production activity running at peak in fpi to catch up with order book, fpi is estimate to have a eps of at least 10 cent in the 4th quarter. Also the price is affected with overall market bearish and concern of force labour, fpi is at the low tier risk as they take care of employee and their client portfolio is quite diverse with mostly Japanese and Taiwanese customer where force labour driver is limited as company to US and Europe.
If the eps estimation turn out at 10 cent we are expecting dividend to improve to at least near 20 cent.
Accumulate with risk as opportunity during the market bearish cycle is recommended.

cwc1981

1,404 posts

Posted by cwc1981 > 2021-12-16 14:28 | Report Abuse

Thanks Jking

Posted by yatlokfatt > 2021-12-16 14:55 | Report Abuse

Seem like someone is pressing down the price.... Don't know what's the reason???

cwc1981

1,404 posts

Posted by cwc1981 > 2021-12-16 16:17 | Report Abuse

Want to collect cheap ticket?

Posted by Thirai Thiraviam > 2021-12-16 21:33 | Report Abuse

With the current TTM earnings, and a PER of 10.7, the stock appears to be fairly priced. If the next Q earnings were to reach RM0.10, as suggested by @JKing, the TP at the same PER would be RM4.03.

Sardin

839 posts

Posted by Sardin > 2021-12-17 16:41 | Report Abuse

@Thirai, if the earnings stand steadily at 10 sen per share till next quarter the PE would be higher because many people will start to believe the plan that Sonos is moving out all the operations in China to Malaysia for products to be exported to the US and this is going to complete in 2022. I read this news some time ago and if this is going to be materialised we can expect a fabulous top and bottom line boost next year.

@JKing. I'm trying to do deeper research and I'm not sure if you could help me on this. Does FPI export Sonos finished product directly to US or is it sent to other factory/company for final assembly? Which company will export the final product to US?

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