FORMOSA PROSONIC INDUSTRIES

KLSE (MYR): FPI (9172)

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Last Price

2.85

Today's Change

-0.01 (0.35%)

Day's Change

2.84 - 2.87

Trading Volume

456,600


8 people like this.

3,124 comment(s). Last comment by ryoyagod 3 weeks ago

sephiroth

14,143 posts

Posted by sephiroth > 2014-04-08 12:26 | Report Abuse

90.5 liau

buff-head

108 posts

Posted by buff-head > 2014-04-08 15:17 | Report Abuse

what happen ya? majority stocks are down today, but this one up?

Posted by poorperformer > 2014-04-08 16:10 | Report Abuse

Acoustech paying RM 9.2 million special dividend to FPI. Will FPI in turn paying out special dividend?

lepeng85

256 posts

Posted by lepeng85 > 2014-04-08 17:36 | Report Abuse

poor, where you get this info of Acoustech pay 9.2 million to FPI?

sl3ge

140 posts

Posted by sl3ge > 2014-04-08 23:09 | Report Abuse

"In September 2010, it acquired additional 2.19% interest in Acoustech Berhad. " no wonder today FPI price also up.

leelc70

402 posts

Posted by leelc70 > 2014-04-09 00:18 | Report Abuse

FPI hold acoustech 27.09%. Based on total issung share acoustech 88910700, FPI hold about 24m share, if 20sen div distribute, FPI can gain additional 4.807m dividend income

leelc70

402 posts

Posted by leelc70 > 2014-04-09 00:31 | Report Abuse

if based on anual report 2012, acoustech account , earn 18.56m, div 4 sen, price before rise 71sen, earning per share 16sen, PE ratio low as 4.44 time, div yield 6% even at price 86 sen today, div yield still good at 5sen. Special div 20sen mean F/Y2013 result shd be very good. Reserve at F/Y2012 ,60m +. mean the company can give shareholder 1 for 2 bonus share. Another hidden gem.

Additional div gain fr its sub acoustech of rm4.807 will translate as additional 4 sen fr existing FPI paid up 123m

Posted by poorperformer > 2014-04-09 08:33 | Report Abuse

Hi Lee, Acoustech issued shares is actually 177,821,400 @ RM 0.50 each, and FPI is holding 46,442,474 shares in Acoustech. FPI issued shares is 247m.

Hi Lepeng, pls see Bursa announcement on Acoustech; and Acoustech annual report on FPI holding.

sephiroth

14,143 posts

Posted by sephiroth > 2014-04-09 09:21 | Report Abuse

0.95 liau

leelc70

402 posts

Posted by leelc70 > 2014-04-09 10:22 | Report Abuse

thank you poorperformer for the correction on the actual share issue of respective company

HC Lee

1,518 posts

Posted by HC Lee > 2014-04-09 11:07 | Report Abuse

Bo lat liau...

HC Lee

1,518 posts

Posted by HC Lee > 2014-04-09 11:39 | Report Abuse

Buy only for long term...alreadi shoot up a lot last few days because insiders alreadi know got big dividends from Acostec

HC Lee

1,518 posts

Posted by HC Lee > 2014-04-09 12:07 | Report Abuse

Acostec going down....FPI also follows

tonylim

4,796 posts

Posted by tonylim > 2014-04-09 19:58 | Report Abuse

Sephi.. look at this. Many here barking at the wrong tree?
I dont own any fpi or acoustic shares.

addylee also commented on "Stock: [DSONIC]: DATASONIC GROUP BERHAD":

The Board of Directors of Datasonic wishes to announce that Datasonic has on 9 April 2014, entered into a Share Sale Agreement with Formosa Prosonic Industries Berhad (Company No. 172312-K) for the acquisition of 24,861,790 ordinary shares of RM1.00 each, representing 99.45% of the equity interest in Asia Pacific Card & System Sdn Bhd (Company No. 418808-K) together with its wholly-owned subsidiary, Constant Ahead Sdn Bhd (Company No. 656294-M) for a total cash consideration of Ringgit Malaysia Twenty One Million Eight Hundred Seventy Eight Thousand Three Hundred Seventy Five and Twenty Sen Only (RM21,878,375.20).

tonylim

4,796 posts

Posted by tonylim > 2014-04-09 19:59 | Report Abuse

Sephi what card system?

HC Lee

1,518 posts

Posted by HC Lee > 2014-04-09 20:07 | Report Abuse

So got double bonus...tomorrow shd go up & up

lepeng85

256 posts

Posted by lepeng85 > 2014-04-09 20:17 | Report Abuse

Wa ! FPI is really something in brewing to explode soon.

sl3ge

140 posts

Posted by sl3ge > 2014-04-09 23:39 | Report Abuse

is it very good news for fpi? can bring fpi to what level?

HC Lee

1,518 posts

Posted by HC Lee > 2014-04-10 08:58 | Report Abuse

Even better if kept long term...with strong shareholders backing, it will go far

Steven Yong

1,251 posts

Posted by Steven Yong > 2014-04-10 11:42 | Report Abuse

Keep now, acoustic spec div, then sell biz to dsonic. Great money

stockcrazy

551 posts

Posted by stockcrazy > 2014-04-11 16:49 | Report Abuse

i just buy in 0.94....

richcares

1,419 posts

Posted by richcares > 2014-04-12 18:48 | Report Abuse

Mr hc Lee, you are in this blog too. Data sonic buy into FPI. Mind to share your opinion.

HC Lee

1,518 posts

Posted by HC Lee > 2014-04-12 19:44 | Report Abuse

This is for long term investor...i have mostly exited..made some money but no patience to wait.The entry of the new majority shareholder Winstron will bode well for FPI in the future ....fyi, Datasonic bought over FPI subsidiary, not FPI.

richcares

1,419 posts

Posted by richcares > 2014-04-12 20:07 | Report Abuse

Tq , Mr Lee and see u at bright forum

sephiroth

14,143 posts

Posted by sephiroth > 2014-04-16 10:42 | Report Abuse

new high 98

sephiroth

14,143 posts

Posted by sephiroth > 2014-04-16 10:46 | Report Abuse

98.5 go go go

kyyfan

21 posts

Posted by kyyfan > 2014-04-16 11:15 | Report Abuse

sephiroth, you go in before 70.0 cents?

sephiroth

14,143 posts

Posted by sephiroth > 2014-04-16 11:17 | Report Abuse

Kyyfan, round 1 in 73/75.5 out 0.90, round 2 in 80.5

HC Lee

1,518 posts

Posted by HC Lee > 2014-04-16 11:34 | Report Abuse

Brave man...give it a knockout punch..he he

davidkkw79

5,068 posts

Posted by davidkkw79 > 2014-04-16 14:53 | Report Abuse

dsonic down, FPI up !

sephiroth

14,143 posts

Posted by sephiroth > 2014-04-16 14:57 | Report Abuse

99.5 liau kikikikiki

Posted by Killer_Shark > 2014-04-16 15:02 | Report Abuse

dsonic player switch to FPI. his subsidiary...

aznazim

2 posts

Posted by aznazim > 2014-04-16 15:04 | Report Abuse

switch..

Posted by klphan860731 > 2014-04-16 15:43 | Report Abuse

i am new here.
my remisier told me that the price braking high, if wan to enter, enter at 0.95

kyyfan

21 posts

Posted by kyyfan > 2014-04-16 16:00 | Report Abuse

master sephiroth, TP can hit 1.20 bo? hehe...

sephiroth

14,143 posts

Posted by sephiroth > 2014-04-16 16:03 | Report Abuse

master kyyfan, cannot la, maybe 1.05-1.10

Steven Yong

1,251 posts

Posted by Steven Yong > 2014-04-16 23:30 | Report Abuse

come come come, lots of good news FPI this yr.

Steven Yong

1,251 posts

Posted by Steven Yong > 2014-04-16 23:33 | Report Abuse

special div from Acous, then sell company to Dsonic, special div almost confirm

kyyfan

21 posts

Posted by kyyfan > 2014-04-17 15:43 | Report Abuse

master sephiroth, you are damn right? :)

stockcrazy

551 posts

Posted by stockcrazy > 2014-04-18 17:46 | Report Abuse

FPI's quarter results not so good...be prepare for next Monday~~~ Drop...

sloggi

20 posts

Posted by sloggi > 2014-04-18 19:18 | Report Abuse

sephiroth, seem like the TP 1.00 also become a problem now, right?
FPI doing so bad this quarter, sad :( I think 2014 is not a good year for the company...

arv18

2,658 posts

Posted by arv18 > 2014-04-18 22:56 | Report Abuse

i've noticed a trend whereby previous year Q4 and following year Q1 is always weak. strongest EPS is traditionally recorded in Q2 and Q3.

If you do a comparison (just doing Q4/Q1);

Q4'2012 + Q1'2013 -> 1.0 + 0.7 = 1.7 sen, whereas
Q4'2013 + Q1'2014 -> 1.6 + 0.4 = 2.0 sen

which is an improvement. take a look for yourself. would appreciate some feedback.

arv18

2,658 posts

Posted by arv18 > 2014-04-18 23:04 | Report Abuse

i'm not sure if they booked the sale to Datasonic in this Q earnings.

my initial target is 1.04, which will close the GAP in price from 2010. then we can look at challenging 1.17

gohku

373 posts

Posted by gohku > 2014-04-19 00:15 | Report Abuse

The disposal profit to datasonic not in yet.
Next quarter it will be in.

Steven Yong

1,251 posts

Posted by Steven Yong > 2014-04-19 00:29 | Report Abuse

biz slowing that is why selling to Dsonic, they are not expert in this area. Selling and focus on their core competence is a good step. Save future cost and expand on existing streght. New top Tsiwan holders help a lot too. Buy and hold 1-2 years should see good results

kakijudi

1,086 posts

Posted by kakijudi > 2014-04-19 01:01 | Report Abuse

This stock will be the next inari and globetronics. They are currently streamlining their business . Disposing non core assets and also getting a huge chunk of cash from acostech. Cash rich, low pe, high growth . This stock will be very exciting in the coming months . Better buy while it is still cheap

sloggi

20 posts

Posted by sloggi > 2014-04-21 13:37 | Report Abuse

The closed price last Friday was 0.975 but I'm wondering why the share highest range today is 0.93? No ppl sell or buy at price that >0.93?

chuwfan

356 posts

Posted by chuwfan > 2014-04-21 15:16 | Report Abuse

sloggi... it's probably because of the dividend paid. price adjustment.

sloggi

20 posts

Posted by sloggi > 2014-04-21 17:13 | Report Abuse

No... The 2013 dividend was already paid out...
I think the share price not that bad today...just drop 2 cents... let's see what will be happen on tomorrow? :)

kakijudi

1,086 posts

Posted by kakijudi > 2014-04-21 17:21 | Report Abuse

morning drop was because of dumb retailers selling, they thought that 1st Q result was bad but in actual fact, it is really not that bad. i managed to pick some up this morning when price was depressed. those people who sold will be very pissed soon. lol

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