Posted by villa1668 > 2017-02-23 09:40 | Report Abuse

Lower profit margin have priced in. Weaken in ringgit, new machinery, improving in US economy.

Posted by yfchong > 2017-02-23 09:42 | Report Abuse

next season loh

Posted by Jalala > 2017-02-23 09:49 | Report Abuse

FY15 net profit margin is 17.05% annually but FY16 is 9.32%. That is a 45.38% reduction in net profit margin after Q4 released. Costs of doing business is reducing the profits per each quarter.

Posted by villa1668 > 2017-02-23 09:56 | Report Abuse

Share price dropped nearly 50% from peak as well

Posted by Skliew > 2017-02-23 09:59 | Report Abuse

Fy15 net profit is distorted as there is a Forex gain of RM7,042,000 whereas FY2016 a loss of RM1,256,000

Moreover, from 1st July Government implemented minimum wages policy and FLB has about 1000 workers.

Posted by Jalala > 2017-02-23 10:00 | Report Abuse

NTA is only 1.55 compared to current share price which is overpriced.

Posted by Skliew > 2017-02-23 10:01 | Report Abuse

The gross profits which do not take in forex gain or loss is a better indicator of profitability

Posted by Skliew > 2017-02-23 10:01 | Report Abuse

And then FY16, the tax rate is higher than that of FY15

Posted by tksw > 2017-02-23 10:04 | Report Abuse

kakaka. buy signal again,

Posted by tksw > 2017-02-23 10:05 | Report Abuse

waiting for cheaper price...

Posted by tksw > 2017-02-23 10:08 | Report Abuse

jalala sifu, you try find other business that have 9% net profits and put here

Posted by Skliew > 2017-02-23 10:22 | Report Abuse

Year. Revenues. Gross Profits. Gross Margin

2012 RM132,803,000。 RM30,586,000. 23.3%
2013 RM147,208,000。 RM35,383,000 24.03%
2014 RM150,419,000。 RM38,971,000. 25.9%
2015 RM180,733,009. RM56,162,000. 31.07%
2016. RM201,476,000。 RM53,258,000. 26.43%

Revenues continue to grow in 2016 by 11.47% over 2015 from RM180,733,000 to RM201,476,000. Gross profit reduced due to implementation of minimum wages by the government from 1st July 2016. The business is labour intensive and the company has close to 1,000 staffs.
However, over the years,revenue grew from RM132,803,000 in 2012 to RM201,476,000 in 2016. An increase of 51.7% whereas the gross profit grew from RM30,586,000 to RM53,258,000, an increase of 74.12%

Isn't this a growth stock as well ?

Posted by tksw > 2017-02-23 10:32 | Report Abuse

kakaka, sell down liao, ole-ole predict correct liao

Posted by Diamond7 > 2017-02-23 10:54 | Report Abuse

Arhhh....Go out for coffee lor!

Posted by Jalala > 2017-02-23 10:55 | Report Abuse

Can consider when it reaches 1.55 but for now it is simply overpriced. I can't see any catalysts ahead and the business is grown organically rather slow. If it just rely mainly on export market then there are better companies.

Posted by yfchong > 2017-02-23 11:00 | Report Abuse

target in

Posted by tksw > 2017-02-23 11:08 | Report Abuse

Jalala sifu,buy at 130 better, sapu at 100, sailang if goes to 50sen, kakaka

Posted by tksw > 2017-02-23 11:14 | Report Abuse

USD 4.40+- this 2 months... one more month then Qtr 1 results will be out liao

Posted by tksw > 2017-02-23 11:23 | Report Abuse

ppl reluctant to sell, looks like have to wait for a while to get cheaper price

Posted by Jalala > 2017-02-23 11:24 | Report Abuse

At the moment, no thank u.

Posted by tksw > 2017-02-23 11:28 | Report Abuse

Jalala sifu, buy a little bit first la... not necessary come down.

Posted by tksw > 2017-02-23 11:31 | Report Abuse

jalala sifu, you still havent got one company that can earn 9% net profit margin arr? I am waiting for your tipsy leh.

Posted by tksw > 2017-02-23 11:32 | Report Abuse

168 liao... this time loss die stockraider sifu

Posted by tksw > 2017-02-23 11:35 | Report Abuse

bot 500 units 168 first, sailang slowly.

Posted by tksw > 2017-02-23 11:36 | Report Abuse

added 200 units

Posted by tksw > 2017-02-23 11:37 | Report Abuse

cant resist the temptation, buy a little bit first, slow slow buy down

Posted by tksw > 2017-02-23 11:39 | Report Abuse

penggoreng yesterday kena ppl telan the stock, today wanna press down some more to take back...

Posted by tksw > 2017-02-23 11:40 | Report Abuse

i am waiting for the moment, but this penggoreng not garang enuf, else can get lower price

Posted by tksw > 2017-02-23 11:41 | Report Abuse

chansy to steal the penggoreng stocks, if they loss again, will press down some more, then only buy more

Posted by tksw > 2017-02-23 11:43 | Report Abuse

so dun buy big... kakaka, penggoreng put a lot of money in to goreng stock, longer time is bad for them

Posted by tksw > 2017-02-23 11:44 | Report Abuse

performance like that still wanna to cook bad story, desperado liao, kakaka

Posted by tksw > 2017-02-23 11:45 | Report Abuse

park 300 units 167, mali mali sell to me

Posted by Jalala > 2017-02-23 11:46 | Report Abuse

I guess that my point of view could be right. If u looking for a grand entry, there could better or lower price to start with.

Posted by tksw > 2017-02-23 11:48 | Report Abuse

parked 100 units each at 165 & 166, sell to me la, kakaka

Posted by tksw > 2017-02-23 11:50 | Report Abuse

Jalala sifu, 9% net profit margin company not yet found arr?

Posted by tksw > 2017-02-23 11:51 | Report Abuse

get ready to buy if penggoreng sudden dump... wont be many shares

Posted by tksw > 2017-02-23 11:53 | Report Abuse

those wanna get quick profit will be flushed out... make use of penggoreng power

Posted by tksw > 2017-02-23 11:57 | Report Abuse

now wait for ppl to fed up with FLB good results no up situation...they will sell, and that's the time to buy

Posted by tksw > 2017-02-23 11:58 | Report Abuse

penggoreng is trying to create that pressure...

Posted by tksw > 2017-02-23 11:59 | Report Abuse

but they may not succeed, that's why buy a bit first

Posted by Jalala > 2017-02-23 12:00 | Report Abuse

tksw, u fulltime FL salesman?

Posted by tksw > 2017-02-23 12:04 | Report Abuse

Jalala sifu, no la, I only can find FLB got 9% net profit, and even you kenot find me another one. so no choice lor, got to buy FLB

Posted by tksw > 2017-02-23 12:05 | Report Abuse

whole morning I ask for one and you kenot get one.... really hard to find hor? keep looking please, I can wait

Posted by tksw > 2017-02-23 12:08 | Report Abuse

sien, take so long to get 100 units at 167...

Posted by Jalala > 2017-02-23 12:12 | Report Abuse

If u r not salesman then u must be trapped.

Posted by tksw > 2017-02-23 12:14 | Report Abuse

Jalala sifu, dun distract, give me the others 9% net profit margin company

Posted by Jalala > 2017-02-23 12:16 | Report Abuse

Haha since when I'm a sifu? U also trapped in your own words?

Posted by tksw > 2017-02-23 12:22 | Report Abuse

you no sifu, who sifu, you can tell FLB not good ma... now price down, still no sifu meh?

Posted by tksw > 2017-02-23 12:23 | Report Abuse

I still cant get 167... sien, 00 units oso dun wanna gif

Posted by Skliew > 2017-02-23 12:25 | Report Abuse

tksw sifu talks FLB up..... there are dozens out there who talk FLB down...produced biased and incomplete analysis reports.... hahaha! Seems there are 2 camps here.... like politics lah ...hahaha!