Posted by Rio2814 > 2024-05-16 19:25 | Report Abuse

Boleh limit up?

Posted by Jettson8 > 2024-05-30 11:54 | Report Abuse

FSBM has signed agreements related to business opportunities involving power backup solutions with Syarikat Logam Unitrade Sdn Bhd and T-Parus Trading Co Ltd. Wonder how much the contract is worth ..

https://theedgemalaysia.com/node/713330

Posted by damansaraeagle > 2024-05-31 09:05 | Report Abuse

going down?

Posted by damansaraeagle > 2024-05-31 10:38 | Report Abuse

kaput ,...................run run run run

Posted by damansaraeagle > 2024-06-05 11:09 | Report Abuse

FSBM
0.365
-0.01 (-2.7%)
MEMORANDUM OF UNDERSTANDING FSBM HOLDINGS BERHAD - STATUS UPDATE ON THE MEMORANDUM OF UNDERSTANDING BETWEEN FSBM MES ELITE SDN. BHD. AND SELANGOR HUMAN RESOURCE DEVELOPMENT CENTRE
FSBM HOLDINGS BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description
FSBM HOLDINGS BERHAD - STATUS UPDATE ON THE MEMORANDUM OF UNDERSTANDING BETWEEN FSBM MES ELITE SDN. BHD. AND SELANGOR HUMAN RESOURCE DEVELOPMENT CENTRE
Reference is made to the announcement dated 8 May 2023 (“Initial Announcement”) in relation to the Memorandum of Understanding (“MOU”) between FSBM Holdings Berhad’s (“FSBM” or “the Company”) wholly-owned subsidiary, namely FSBM MES Elite Sdn. Bhd. and Selangor Human Resource Development Centre for the joint collaboration in application-based research and development in technology applications suited for industrial applications.



Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Initial Announcement.



The Board of Directors of the Company wishes to announce that there has been no material development on the status of the MOU since the last announcement dated 29 February 2024.



This announcement is dated 31 May 2024.

Posted by damansaraeagle > 2024-06-05 11:11 | Report Abuse

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT
FSBM HOLDINGS BERHAD

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description
FSBM HOLDINGS BERHAD ("FSBM" OR THE "COMPANY") - MONTHLY ANNOUNCEMENT
Reference is made to the following announcements made by FSBM:



(a) First announcement dated 16 October 2019 in relation to the Company being classified as an affected listed issuer pursuant to Paragraph 8.03A(2)(b) of the Listing Requirements;



(b) First announcement dated 30 December 2019 in relation to the Company being classified as a PN17 Company pursuant to PN 17 of the Listing Requirements;



(c) the subsequent announcements dated 1 November 2019, 2 December 2019, 2 January 2020, 3 February 2020, 2 March 2020, 1 April 2020, 4 May 2020, 1 June 2020, 1 July 2020, 3 August 2020, 1 September 2020, 1 October 2020, 2 November 2020, 1 December 2020, 4 January 2021, 2 February 2021, 1 March 2021, 1 April 2021, 3 May 2021, 1 June 2021, 1 July 2021, 2 August 2021, 23 August 2021, 1 September 2021, 23 September 2021, 1 October 2021, 15 October 2021, 1 November 2021, 8 November 2021, 9 November 2021, 1 December 2021, 3 January 2022, 3 February 2022, 1 March 2022, 1 April 2022, 15 April 2022, 21 April 2022, 26 April 2022, 5 May 2022, 19 May 2022, 1 June 2022 , 1 July 2022, 1 August 2022, 1 September 2022, 3 October 2022, 12 October 2022, 1 November 2022, 15 November 2022, 1 December 2022, 21 December 2022, 3 January 2023, 13 January 2023, 2 February 2023, 1 March 2023, 3 April 2023, 10 April 2023, 2 May 2023, 22 May 2023, 23 May 2023, 1 June 2023, 3 July 2023, 20 July 2023, 25 July 2023, 1 August 2023, 2 August 2023, 9 August 2023, 11 August 2023, 1 September 2023, 18 September 2023, 25 September 2023, 26 September 2023, 2 October 2023, 1 November 2023, 1 December 2023, 2 January 2024, 2 February 2024, 1 March 2024, 1 April 2024 and 2 May 2024;



(d) circular to shareholders dated 28 April 2023 in relation to the Regularisation Plan;



(e) announcement dated 22 May 2023 in relation to the outcome of extraordinary general meeting for the Regularisation Plan, whereby all resolutions in relation to the Regularisation Plan had been approved by shareholders; and



(f) abridged prospectus dated 25 August 2023 in relation to the renounceable rights issue of up to 236,659,300 new ordinary shares in FSBM (“FSBM Shares”) (“Rights Shares”) on the basis of 1 Rights Share for every 1 existing FSBM Share held as at 5.00 p.m. on Friday, 25 August 2023, together with up to 118,329,650 free detachable warrants in FSBM (“Warrants”) on the basis of 1 Warrant for every 2 Rights Shares subscribed for at an issue price of RM0.03 per Rights Share (“Abridged Prospectus”)



The terms used herein shall bear the same meaning as defined in the Abridged Prospectus.

On behalf the Board, Malacca Securities wish to announce that the Company’s Regularisation Plan was completed on 26 September 2023. There has been no material development on the PN17 status since then.



The Company shall announce further developments on the PN17 status as and when necessary.



This announcement is dated 4 June 2024.

Posted by damansaraeagle > 2024-06-05 11:29 | Report Abuse

Petaling Jaya, 31 May 2024 – For the first quarter of FY2023 ended 31 March 2024
(1QFY2024), FSBM Holdings Berhad (“FSBM” or “the Group”) posted a 25%
year-on-year (YoY) growth in revenue to RM 3.88 million, while PAT recorded a
significant improvement with a 200% YoY increase to RM 0.66 million.
This was mainly due to the recognition of higher revenue of Technical Support and
Maintenance Services, Refurbishment Services, Smart Manufacturing projects and
Managed Security Service .
On a quarter-on-quarter (QoQ) basis, FSBM saw an 8.3% increase in revenue but a
lower in PAT compared to 4QFY2023. This decline was due to lower revenue in the
Platform Design and Development segment.
It is noteworthy that the Group has maintained profitable performance for 9
consecutive quarters, showcasing its resilience and strategic execution.
Moving forward, FSBM will focus on delivering specialized services across its
business segments in Smart Manufacturing, Intelligent Applications, and
Cybersecurity. This strategic emphasis will enable FSBM to capitalize on emerging
opportunities and strengthen its market position in targeted growth markets.
With a focus on AI-driven solutions, IoT integration, and robust cybersecurity
measures, FSBM is well-positioned to address the increasing demand for advanced
technological solutions and empower businesses to streamline their operations,
improve efficiency, and explore new growth opportunities.
The Group will continue pursuing new contracts to strengthen its project pipeline. The
strategic approach includes identifying potential clients, leveraging industry
partnerships, and expanding into new markets.

Posted by Jettson8 > 2024-06-05 21:55 | Report Abuse

Going out of pn17 soon?

Posted by damansaraeagle > 2024-06-06 11:36 | Report Abuse

*Maybe as they are pushing down the price until Support of 0.365* Maybe is a yes or maybe is a start of down fall but looking at the quarters , does not like is going down anymore

Posted by Jettson8 > 2024-06-07 21:44 | Report Abuse

Yup, it has started making profits since Q1FY2022

Posted by damansaraeagle > 2024-06-11 11:11 | Report Abuse

Fujitsu made the announcement at the launch ceremony at SEMICON Southeast Asia 2024, the largest semiconductor show ever held in Malaysia. As Malaysia evolves into a hub for technological innovation and excellence, this event is a momentous moment for the semiconductor industry.

Fujitsu's partnership with Unitrade focuses on energy-efficient solutions and aims to enhance market access and product integration. The two companies are looking to expand the market for VSP and energy-efficient compressors in Southeast Asia and expand their commercial and industrial customers.

Mr. Peng Jinjun, Executive Director of Fujitsu, said, "Industry 4.0, which is revolutionizing the industrial sector, is characterized by real-time data connectivity, artificial intelligence (AI), Internet of Things (IoT) and smart engineering solutions. Today, disruptive industrial technologies are transforming manufacturing, helping companies stay ahead of the curve and achieve their strategic goals. ”

"Fujitsu's products are an integral part of this revolution, creating an efficient, connected and adaptive manufacturing environment. As we and Unitrade combine our strengths and resources, we look forward to creating greater value for our clients and better positioned to take advantage of the growing demand for innovative solutions and products in the Southeast Asian market." We hope that this partnership will strengthen the recurring revenue stream and boost Fujitsu's future earnings performance." ”

Posted by damansaraeagle > 2024-06-18 09:41 | Report Abuse

Wash out many retailers to do positioning.....call buy to wait

Posted by damansaraeagle > 2024-06-18 17:05 | Report Abuse

Run ,,,,, run. ,,, who cannot dare

Posted by Rio2814 > 2024-06-20 21:13 | Report Abuse

FSBM Holdings' PN17 status to be uplifted on Friday | https://www.klsescreener.com/v2/news/view/1345475

Posted by JackTan1217 > 2024-06-21 03:56 | Report Abuse

A tech stock out from PN17, easily can limit up few times

Posted by adikkici > 2024-06-21 17:05 | Report Abuse

Awal2 sudah kena scam

Posted by damansaraeagle > 2024-06-24 18:42 | Report Abuse

ENERAL MEETINGS: Notice of Meeting
FSBM HOLDINGS BERHAD

Type of Meeting General
Indicator Notice of Meeting
Description Notice of Thirty-Ninth Annual General Meeting
Date of Meeting 25 Jun 2024
Time 10:30 AM

Venue(s) Strive Room, Level M3, VE Hotel & Residence
Bangsar South City
No. 8, Jalan Kerinchi
59200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur
Malaysia

Date of General Meeting Record of Depositors 18 Jun 2024

Resolutions

1. For Information
Description To receive the Audited Financial Statements of the Company for the financial year ended 31 December 2023 and the Reports of the Directors and Auditors thereon.
Shareholder’s Action For Information Only

2. Ordinary Resolution 1
Description To approve payment of Directors' fees amounting to RM208,000 for the financial year ended 31 December 2023.
Shareholder’s Action For Voting

3. Ordinary Resolution 2
Description To re-elect Dato' Tan Hock San @ Tan Hock Ming as Director who retires by rotation in accordance with Clause 97 of the Company's Constitution.
Shareholder’s Action For Voting

4. Ordinary Resolution 3
Description To re-elect Mr. Mok Kar Foo as Director who retires by rotation in accordance with Clause 97 of the Company's Constitution.
Shareholder’s Action For Voting

5. Ordinary Resolution 4
Description To re-appoint Messrs. Moore Stephens Associates PLT as the Company's Auditors for the ensuing financial year and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting

6. Ordinary Resolution 5
Description Renewal of authority for Directors to issue shares.
Shareholder’s Action For Voting



Please refer attachment below.

Attachments
FSBM - 2024 AGM Notice.pdf
134.9 kB


Announcement Info
Company Name FSBM HOLDINGS BERHAD
Stock Name FSBM
Date Announced 29 Apr 2024

Posted by damansaraeagle > 2024-06-24 18:43 | Report Abuse

This is not 1MDB okay. Real business calls for real value.

Posted by Soliday > 2024-06-25 17:39 | Report Abuse

another hidden gem

Posted by damansaraeagle > 2024-06-25 19:02 | Report Abuse

whoever buy FSBM, will understand the ups and downs

Posted by mf > 2024-06-26 11:37 | Report Abuse

9377 FSBM, FSBM HOLDINGS BHD - +
Additional Listing Announcement /Subdivision of Shares
26 Jun 2024, 11:06
Additional Listing Announcement /Subdivision of Shares
1. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class
of securities? N
Types of corporate proposal : Exercise of Warrants
Details of corporate proposal : Conversion of Warrants B
No. of shares issued under this corporate proposal : 1,368,000
Issue price per share ($$) : 0.0500
Par Value ($$) (if applicable) : 0.000
Latest issued share capital after the above corporate proposal
In the following
Units : 494,571,270
Issued Share Capital ($$) : Malaysian Ringgit (MYR) 22,035,466.491
Listing Date : 27/06/2024
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

Posted by damansaraeagle > 2024-06-26 12:23 | Report Abuse

0.32 come on down some more down some more down some more

Posted by damansaraeagle > 2024-07-02 07:44 | Report Abuse

come on 0.325 , come on 0.325 , come on 0.325 come on

Posted by damansaraeagle > 2024-07-03 16:44 | Report Abuse

at 4:30 pm it goes up to 0.355 . Coming around the corner, question which corner

Posted by damansaraeagle > 2024-07-03 16:46 | Report Abuse

still long way to go to 0.425

Posted by damansaraeagle > 2024-07-03 17:08 | Report Abuse

closing at 0.355

Posted by damansaraeagle > 2024-07-05 11:24 | Report Abuse

Please push down some more , like 11:13 a very low of 0.335. Push down some more so we can buy. Please

Posted by damansaraeagle > 2024-07-05 16:45 | Report Abuse

push some more down down down give me 0.330 0.330

Posted by damansaraeagle > 2024-07-05 18:19 | Report Abuse

run run run run run run run run run run run

Posted by damansaraeagle > 2024-07-08 09:51 | Report Abuse

"IN JUNE 25, MANAGEMENT OF FSBM INDICATE THIS. READ BETWEEN THE LINE" KUALA LUMPUR (June 25): IT company FSBM Holdings Bhd (KL:FSBM) expects its earnings for the current financial year to outperform the previous year, on the back of rising demand for its products and services.FSBM focuses on artificial intelligence-driven solutions, Internet of Things (IOT) integration, and cybersecurity, which position the company to tap into the current rising demand, its managing director Pang Kiew Kun said. FSBM is also working with a Taiwanese firm to sell and service voltage sag protectors, he noted.“We are a software-based company; once we install the products, we can provide added value to customers by providing data analysis such as monitoring the energy consumption for factories,” Pang told reporters after the company’s annual general meeting (AGM) on Tuesday.For the financial year ended December 2023 (FY2023), FSBM reported a net profit of RM1.94 million, on the back of RM12.84 in revenue. The company kicked off FY2024 with an over three-time jump in net profit to RM654,000 in the first quarter ended March 31, 2024 (1QFY2024).Since then, FSBM exited the Practice Note 17 (PN17), a status for financially-distressed companies, last Friday (June 21), after fixing its conditions. The company has also signed an exclusive agency contract with T-Parus Trading Co, Ltd to sell and service its voltage sag protector.
The company is working with two semiconductor companies based in Penang to test out the voltage sag protector and system, Pang said.FSBM slipped into PN17 on Dec 30, 2019, after its external auditor Moore Stephens PLT flagged its financial statements for the financial year ended June 30, 2018 (FY2018) for insufficient appropriate evidence to provide a basis for an audit opinion.Moore Stephens also noted that FSBM’s financial statements were prepared on the assumption that the group would continue to operate as a going concern while the company was incurring a net loss of RM4.66 million for FY2018. The company changed its financial year in 2019.At 3.15pm on Tuesday, FSBM’s share price went up 1.5 sen or 4.5% to 34.5 sen, bringing the group a market capitalisation of RM170 million.

Posted by damansaraeagle > 2024-07-11 18:23 | Report Abuse

This article first appeared in The Edge Malaysia Weekly on July 1, 2024 - July 7, 2024

AFTER nearly five years as a Practice Note 17 (PN17) company, FSBM Holdings Bhd (KL:FSBM) exited financially distressed status in mid-June when Bursa Malaysia green-lit its submission.

The main-market listed company is a different entity now, having undergone a significant transformation in recent years, says Pang Kiew Kun, who is the company’s new managing director.

FSBM has pivoted its business model to providing software-based technology solutions, primarily targeting the manufacturing and semiconductor sectors. Previously, it was the sole distributor of Fujitsu products in Malaysia.

“FSBM is a completely different company now,” Pang explains in an interview with The Edge. “We have become an asset-light business, offering software solutions that encompass the Internet of Things (IoT), data analytics and support services specifically for the semiconductor industry.

“We plan to integrate artificial intelligence (AI) into our offerings soon. While I’m cautious about overusing terms like IoT and AI, these are crucial components for local manufacturers to improve operational efficiency, aligning perfectly with Industry 4.0 goals.”

Posted by damansaraeagle > 2024-07-11 18:24 | Report Abuse

FSBM currently supports 80 small and medium enterprises (SMEs) in Malaysia. “Our next step is to scale our solutions to larger manufacturing companies, particularly those in the semiconductor sector,” Pang says.

Recognising the potential of AI in the country, FSBM is positioning itself as a facilitator for AI adoption. The group is in advanced talks with a US-based technology company to become a distributor of its AI hardware and software solutions.

“This aligns with the ongoing development of data centres in Malaysia and the government’s initiatives to advance the value chain of the domestic semiconductor sector,” says Pang, declining to reveal the US company’s name because the negotiations are ongoing. He expects to close the deal as early as the end of July.

Already, FSBM has been working with several companies to expand its technology solutions portfolio.

Last month, the group signed an exclusive distribution agreement with T-Parus Trading Co Ltd, a Taiwan-based company, for its voltage surge protectors (VSPs). The technology is known for its multifunctional capabilities and ensures uninterrupted power supply, safeguarding sensitive electronic equipment from damage.

“T-Parus is a leading supplier of advanced systems specifically for the Taiwanese semiconductor industry,” says Pang. “We are honoured to represent their innovative solutions in Malaysia. VSPs are critical for maintaining operational continuity and protecting sensitive equipment, especially as Malaysia aims towards advanced packaging in the semiconductor sector. Additionally, uninterrupted power supply is essential for data centre operations.”

Among T-Parus’ clients in Taiwan are semiconductor giants such as Taiwan Semiconductor Manufacturing Co Ltd, ASE Technology Holding Co and Siliconware Precision Industries.

At the signing, FSBM forged a collaboration with Unitrade Industries Bhd (KL:UNITRAD) to expand the market reach of VSP and energy-saving compressors to commercial and industrial customers across Southeast Asia.

“We understand that Unitrade is already providing steel pipes for data centres, this is where we can work with them to enhance the product offerings,” Pang says.

Posted by damansaraeagle > 2024-07-11 18:25 | Report Abuse

Previously, when FSBM was the sole distributor of Fujitsu products in Malaysia, it relied on the government for most of its contracts. Subsequently, its revenue became stagnant and, worse, losses began to pile up.

Founded by Datuk Tan Hock San, 71, currently a non-independent and non-executive director, FSBM slipped into PN17 status in 2019 after its external auditor flagged its financial statements due to insufficient audit evidence. Tan now holds only 2,400 shares in the company, which is less than 0.01%. He ceased to be a substantial shareholder of FSBM in March 2022.

Over the past five years, the company worked on a regularisation plan, which was completed in December 2023, after it raised some RM12 million through a rights issue. During the fundraising exercise, Dagang Nexchange Bhd (KL:DNEX) executive chairman Tan Sri Syed Zainal Abidin Syed Mamed Tahir emerged as a substantial shareholder after acquiring 30 million shares or a 12.68% stake in FSBM.

At the same time, Pang and FSBM’s chief technology officer Low Kang Wei also increased their stakes in the company during the corporate exercise. Pang’s shareholding in the company increased to 7.94% or 18.79 million shares after the acquisition of 16 million shares in FSBM, while Low purchased 14 million shares or a 5.92% stake. The duo are estimated to have forked out RM1.28 million and RM1.12 million respectively.

Pang first emerged in FSBM in October 2021, when he was appointed as an executive director in the company. He later emerged as a shareholder after converting his warrants to 2.79 million shares, or a 1.86% stake, in May 2022. Pang was then redesignated as managing director in May this year.

FSBM’s share price has slipped from 43 sen apiece at the time it exited PN17 to last Thursday’s close of 32 sen, which translates into a market capitalisation of RM157.9 million.

Posted by damansaraeagle > 2024-07-11 18:26 | Report Abuse

Pang is quick to point out that since the restructuring, FSBM has achieved organic profitability for six consecutive quarters after it started focusing on smart manufacturing technology. As at March 31, 2024, the company boasts a net cash position of RM13.22 million.

Its first-quarter results for 2024 show promise, notching up a net profit of RM654,000 on the back of RM3.38 million revenue, compared with the previous year’s RM217,000 net profit on RM3.11 million revenue.

For 1QFY2024, its earnings per share came in at 0.14 sen. Assuming 20% quarter-on-quarter earnings growth in the remaining three quarters, FSBM’s estimated EPS will be 0.168 sen in 2QFY2024, 0.20 sen in 3QFY2024 and 0.24 sen in 4QFY2024. The annual estimated EPS will be 0.748 sen, implying the stock is trading at forecast price-earnings ratio of 43.45 times.

While acknowledging challenges in getting companies to adopt IoT and AI, Pang emphasises FSBM’s client-centric approach, tailoring services to address specific needs. He emphasises the cost-saving benefits and is keen to educate potential clients on the importance of such systems. FSBM is also actively seeking partnerships to further enhance its offerings.

“First, we need to understand their pain points,” Pang explains. “IoT allows manufacturers to achieve optimal machine performance through a more systematic and automated approach. Previously, any machine issues were only detected manually at later stages. Through IoT, they can immediately identify problems with each machine based on its output.

“Because, at the end of the day it is more costly for manufacturers to run inefficiently. We need to educate more companies to understand the importance of having these systems in place,” says Pang who is optimistic that FSBM could continue with its FY2023 performance this year driven by its smart manufacturing business.

He acknowledges the nascent stage of data centre development in Malaysia but expresses confidence that providing solutions for this sector will be a game changer for the group. “For the data centre, it is still in the early stage of development in Malaysia. But, we are working on providing the solutions for them, for instance our collaboration with T-Parus and Unitrade, which will be a game changer for the group.”

Malaysia currently hosts over 40 operational data centres, each with capacities ranging from 100mw to 150mw. However, upcoming projects indicate an anticipated additional capacity of 1,400mw over the next five to 10 years, driven by low land and energy costs.

Posted by damansaraeagle > 2024-07-12 16:07 | Report Abuse

run away

Posted by damansaraeagle > 2024-07-15 09:03 | Report Abuse

run run

Posted by damansaraeagle > 2024-07-15 10:43 | Report Abuse

The five-color flags come and go, 3 cents are gone, keep collecting them

Posted by rob8ry24 > 2024-07-24 12:26 | Report Abuse

think for yourself why they exercised warrants at 50c.

Posted by damansaraeagle > 2024-07-25 12:12 | Report Abuse

rob8ry24: Run?

Posted by damansaraeagle > 2024-07-29 11:56 | Report Abuse

joker shares, now today warrant is already 0.24 sen that will overtaking the weak 0.295 mother. Ha ha ha

Posted by Soliday > 2024-08-12 16:51 | Report Abuse

so buy warrant?

Posted by damansaraeagle > 2024-08-13 15:43 | Report Abuse

This Fuji Shares useless now but very high potential in future

Posted by damansaraeagle > 2024-08-22 10:02 | Report Abuse

0.255 today 22 august. Going down but coming around the corner

Posted by damansaraeagle > 2024-08-23 16:15 | Report Abuse

FSBM Holdings Bhd has shown significant progress after exiting its financially distressed PN17 status. The company has pivoted towards providing tech-driven solutions, particularly focusing on AI, IoT, and cybersecurity, which positions it well for future growth. FSBM's recent earnings reports indicate a promising outlook, with a more than threefold increase in net profit for the first quarter of FY2024 compared to the previous year.

The company is also expanding its offerings by working with semiconductor firms and introducing products like voltage sag protectors, which are critical for maintaining operational efficiency in manufacturing. This diversification and its collaboration with major players in the semiconductor industry are expected to drive its earnings in the coming months.

Given this transformation and the positive earnings trajectory, FSBM’s stock could see further appreciation over the next month, especially if it continues to capitalize on its new business model and secure additional contracts​

Posted by Mar2083 > 2 months ago | Report Abuse

Tp1:0.265
Tp2:0.295

Posted by damansaraeagle > 2 months ago | Report Abuse

FSBM Holdings Berhad has seen recent positive performance and strategic developments, but predicting its short-term stock movement for September 11, 2024, involves a few factors. The company has experienced revenue growth and profit improvements, particularly due to its technical support, refurbishment services, and smart manufacturing projects. In its Q1 2024 results, FSBM posted a 25% year-on-year growth in revenue, alongside a 200% increase in profit after tax, marking nine consecutive profitable quarters.

However, FSBM is still under PN17 status (a financial distress classification), although it has completed a regularization plan aimed at addressing this issue. Market sentiment around the stock could fluctuate as investors react to its ongoing PN17 recovery efforts, recent rights issues, and strategic focus on AI and cybersecurity sectors​(

Keep in mind that any stock movement can also be influenced by broader market conditions. It's recommended to keep an eye on developments in the coming days and consider both technical and market factor

Posted by damansaraeagle > 2 months ago | Report Abuse

brothers, finger crossed, 0.28 today

Posted by Daily88 > 2 months ago | Report Abuse

FSBM no longer under PN17

Posted by damansaraeagle > 1 month ago | Report Abuse

Yes, back tracking to flush out all small small fish like me and letting all the sharks coming in at the moment. I doubt next week FSBM can go up , but who knows.

Posted by Mar2083 > 3 weeks ago | Report Abuse

Potentially may test 29sen soon