Haha ... today, FPI went ex-div, and as I mentioned in my article a few days ago when price was 3.13+, I mentioned odds are good for price to drop to 2.85 and 4 days after I penned the article, it came true! .... LOL.
Nothing's changed for me. Expected price action. From company's left pocket to my right pocket.
Notwitstanding, my portfolio continues to make new all time high today. Thank-you Mr Market!
I asked but did not get any answer. I don't consider "do our best", "strive to do better" as answers... Someone asked for example of what product that is considered smart audio, and the answer given was "all audio product are considered smart audio, they have many features....":-(
chill, all the boss same pattern one in agm, a generic response for a generic question, it not just fpi only.
should ask more specific and spicy question that quoting with fact and numbers, rather than using terms that sounds like marketing punya adjective slogan, like "smart", "organic", "best" etc. all this terms too blurry and generic.
if i were you, properly ask "is fpi product will up-to-date with Ai related tech in coming year?" "how much capex fpi will increase before upcoming FY".
of course it is likely you still getting blurry/ generic answer. just carry on, they also uncertain about it.
FPI boss is cautious when answering certain types of question, no matter how the questions are crafted. This can be seen from past AGM minutes. For example, ask anything about its clients he would tell you sorry they’re bounded by NDA with the clients. Probably he believes that even telling you product features would have given away too much and jeopardize the NDAs!
Based on my own experience, FPI is among the average. No worse than many companies I’ve come across.
Very few company management/ board go all their ways to make sure shareholders understand how the company works. One of the exceptions is Allianz. It gives me very good impression.
In the first quarter of 2024, FPI reported a revenue of RM153.9 million and a net profit of RM32.4 million, resulting in an EPS of 12.69 sen. And the EPS stays above 10 Sen after another QR
It is Ok if the management does not disclose much of the info of its clients to the shareholders, as long as it can make good profit, give good dividend, maintain good cashflow and remain cash rich, as is the case now.
PEG ratio about 0.7 ? Over the past decade, Formosa Prosonic Industries (FPI) has shown notable growth. Analyzing the available data, FPI's earnings per share (EPS) have increased significantly, highlighting a robust performance trend.
In recent years, the EPS growth has been quite strong. For instance, the EPS for 2022 was RM0.42 compared to RM0.39 in 2021, and earlier, it was RM0.21 in 2020 versus RM0.17 in 2019. Over the last five years, the company has achieved an annual EPS growth rate of about 25%, indicating a consistent upward trajectory in its financial performance.
Additionally, the company's dividend payments have also increased, reflecting its growing profitability. From 2014 to 2024, the dividend grew from MYR0.06 to MYR0.23 per share, demonstrating an annual growth rate of approximately 14%.
Overall, FPI has maintained a strong growth rate over the past decade, making it an attractive investment option within the materials sector.
I like to think there's a majority chance a breakout will soon happen to the upside, but that's not my primary objective - my main goal is to own this stock for its high dividend yield, and if there's a price gain, that's a bonus.
Never be greedy. My position size here is around 3% capital. Not expecting to be wrong, but if it turns out that I'm wrong, then, no major drama - just collect the dividends, and wait for the next high probability setup.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2909 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
jeffrey1166
555 posts
Posted by jeffrey1166 > 2024-03-22 17:39 | Report Abuse
surely can bext will be 25 cents