Or someone purposely did that to chop of the hands of a hostile banker who use borrowed money to hold the stock. But I think this parang get stuck. Why not suggest a resolution in AGM tomorrow to buy back shares until 2.50? I think everyone will be happy to support.
If the big fish plan got jeopardised then he will quickly buy back to minimise lost today and before end of play tomorrow. If it is margin call then price will recover after tomorrow's announcement depends on the earning performance.
yong1985cm, Maybe. But if he is insider, why now only take action? If he is not insider, why do we think he knew it earlier? If things are permanently bad, why major shareholders did not run? When company do share buyback, Wistron and 2nd largest shareholder and Mr. Shih himself are those who spent the most in buying back the most. These are board members right? I don't think they will do something against their own interests.
Pls check FPI profit & share price performance during yr 07 - 08. At that time car loan interest in us was 6 - 7%. Today, car loan interest rate has risen to thar level again.
Expecting a poorer yoy Q1 2023 result but current price has gone too far away from fair value. Actually most of FPI's customers only slightly adjust / reduce FY2023 revenue outlook. I estimate the revenue in Q1 2023 to be somewhere close to RM 200 mil by using various methods.
US tech stock NVIDIA' s price surprised the market with an unexpected price jump after winning huge contract for providing AI (Artificial Intelligence) chips.
At the same time Nasdaq index closed up more than 200 points yesterday.
Such wonderful news should auger well for most of the Bursa tech stocks for today ( Friday, 26-05-2023) and coming weeks.
(Just for your information. Not a buy or sell call)
Books and Gurus say don't grab sharp knife. Contradicted. Theories are easy and known by everyone. It is a lot harder to make money because you got to know when theories fail.
Someone asked about the lots of cash held in USD. The reply was to continue to keep in the form of USD in view of its yield etc.... Maybe good interest income due to high interest rate... if 5% per annum this will bring about 10 mil interest income per year. Someone can cross check the net exposure in USD (cash + short-term fund + receivables - payables). Higher parts of receivables in USD and higher payables in asian currencies including RM i think.
As for the headcount of workers, the reply was to keep them for optimum level of labour needs. As for machine capacity it is not currently at occupied at optimum level. CAPEX will be 10-20 mil this year for new business and other activities.
Hi cwc1981, that's what I have sorted out. As a conclusion I think demand is suppressed at the moment, with USD go a lot stronger in Q2 the profit margin would be widened to partially offset the headwind. I think I would stop here as it is dinner time. :)
This I got from customers' website: Customers are doing stock adjustment (order less) because they still have stock. But they observed the sell-through remain strong. Sell-through means end customers (consumers) buy away from retail stores. Therefore for order to become normal again it has to wait for some time for the stock in warehouse to go to normal level. Most of the customers expect this to take 2 Q, namely Q1 to Q2. Cheers.
Also customers want to reduce inventory holding because financing cost will be high (due to high interest rate) plus delivery lead time already improved a lot. So customers no hastle to place order like last year. So you can see this will create a "vacuum" timezone in placing order.
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....
Sardin
824 posts
Posted by Sardin > 2023-05-25 14:04 | Report Abuse
Or maybe that big fish pursue other stock which he has no patience to wait