FARM PRICE HOLDINGS BERHAD

KLSE (MYR): FPHB (0304)

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Last Price

0.665

Today's Change

+0.035 (5.56%)

Day's Change

0.615 - 0.68

Trading Volume

8,304,700


1 person likes this.

257 comment(s). Last comment by Goldberg 21 hours ago

gohkimhock

3,008 posts

Posted by gohkimhock > 1 week ago | Report Abuse

80 sen actually is not my price target. It is the minimum it should be right now due to its wrongly-priced-IPO being too low. I will have to look at its next quarter results first. All its financial figures look super healthy based on its last quarterly results provided to Bursa. My price target could not be revealed here atm as i need more information but it is definitely above RM1.20

VincentTang

1,158 posts

Posted by VincentTang > 1 week ago | Report Abuse

Top up FPHB at 0.52. Target price >RM1 this year.

Posted by LoverBass > 1 week ago | Report Abuse

No brain to collect below 0.60

Posted by Travisbravis > 1 week ago | Report Abuse

Veggie is good for you!

VincentTang

1,158 posts

Posted by VincentTang > 1 week ago | Report Abuse

FPHB at price below 0.80 consider very cheap. Just buy. Don't miss this multibagger stock in year 2024.

troy88

2,781 posts

Posted by troy88 > 1 week ago | Report Abuse

Climb up slow and steady is okay for this underrated stock

necessity

52 posts

Posted by necessity > 1 week ago | Report Abuse

increase of diesel price will kill small farmer. operators with bulk cash and supply have advantage. based on the rising price, some of you I believed spending last 24hours reversed engineer and calculate future Q overhead budgets.
just 2-3months away from raining/flooding season kicks in..
unfair.. but that life..
that factor alone will sky rocket this counter.. just the matter of time..

Investor

79 posts

Posted by Investor > 1 week ago | Report Abuse

Bought some FPHB, the next multi bagger stock. Will top up more on this FPHB.

gohkimhock

3,008 posts

Posted by gohkimhock > 1 week ago | Report Abuse

@necessity exactly. Hope this diesel thing could help FPHP grabbing more market share in Peninsular Msia. 机不可失,时不再来。

Callimori

19 posts

Posted by Callimori > 1 week ago | Report Abuse

vroom vroom vroom! eat veggie make u huat !

necessity

52 posts

Posted by necessity > 1 week ago | Report Abuse

best new rookie counter of the year now.. see u all in the finish line..cheers!!!

Investor

79 posts

Posted by Investor > 1 week ago | Report Abuse

Top up FPHB at 0.57 today.

Investor

79 posts

Posted by Investor > 1 week ago | Report Abuse

Sapu again 0.56

gohkimhock

3,008 posts

Posted by gohkimhock > 1 week ago | Report Abuse

Accummulate on dip. That's the right move buying into a good company.

Those who had bought Public Bank at RM1 during Asian financial crisis..walao-eh...

necessity

52 posts

Posted by necessity > 1 week ago | Report Abuse

congrat to those who manage to snipe on lower high dip..👍salute

VincentTang

1,158 posts

Posted by VincentTang > 1 week ago | Report Abuse

FPHB will go to 80 cents then 1.20 then higher high. Buy and hold tight. FPHB multibagger stock in 2024.

troy88

2,781 posts

Posted by troy88 > 1 week ago | Report Abuse

Still closed in green despite turbulence in the market this afternoon due to heavy profit taking. Standing strong, good sign.

Investor

79 posts

Posted by Investor > 1 week ago | Report Abuse

Collect some FPHB at 0.58.

Posted by Fuzzywuzzy > 1 week ago | Report Abuse

Sweep below 0.60

cytew

1,586 posts

Posted by cytew > 1 week ago | Report Abuse

Wait for 53

hauchong

10 posts

Posted by hauchong > 1 week ago | Report Abuse

0.57 sweep

Investor

79 posts

Posted by Investor > 1 week ago | Report Abuse

Collect again 0.55.

Investor

79 posts

Posted by Investor > 1 week ago | Report Abuse

After collect at 0.55. Big buy queue come out. Buy and hold until minimum 1.20. If drop more, I will buy more.

zhm540

2,461 posts

Posted by zhm540 > 1 week ago | Report Abuse

sayur sudah layu?

Posted by Travisbravis > 1 week ago | Report Abuse

Veggie power stock lah

Posted by Christine Cheah > 4 days ago | Report Abuse

How is today changes pls?

VincentTang

1,158 posts

Posted by VincentTang > 4 days ago | Report Abuse

From last few days transaction you can see that FPHB correction with very low volume. I believe uptrend will start this few days. Is good timing to buy on weakness now.

VincentTang

1,158 posts

Posted by VincentTang > 4 days ago | Report Abuse

FPHB is multibagger stock in year 2024. Don't miss this stock.

Posted by Christine Cheah > 4 days ago | Report Abuse

Thank you

Mie7677

68 posts

Posted by Mie7677 > 4 days ago | Report Abuse

Strong

HawkEyes

92 posts

Posted by HawkEyes > 4 days ago | Report Abuse

FPHB should worth more than 1.20 now.

Posted by LoverBass > 4 days ago | Report Abuse

multibagger veggie stock!

VincentTang

1,158 posts

Posted by VincentTang > 4 days ago | Report Abuse

FPHB buy and hold tight. More to come.

Callimori

19 posts

Posted by Callimori > 4 days ago | Report Abuse

enjoying the view right now

troy88

2,781 posts

Posted by troy88 > 3 days ago | Report Abuse

Standing pretty strong despite market sell off. Good sign.

Goldberg

2,791 posts

Posted by Goldberg > 3 days ago | Report Abuse

FFHB is fundamentally strong with good profitability. Slow and steady .

Goldberg

2,791 posts

Posted by Goldberg > 3 days ago | Report Abuse

Today different story- a bit faster.

VincentTang

1,158 posts

Posted by VincentTang > 3 days ago | Report Abuse

FPHB more to come. RM1.2 coming soon.

tssl74

523 posts

Posted by tssl74 > 3 days ago | Report Abuse

going up very fast.

hauchong

10 posts

Posted by hauchong > 3 days ago | Report Abuse

some progress

Posted by riverlakesea > 3 days ago | Report Abuse

0.70 by this week

Goldberg

2,791 posts

Posted by Goldberg > 3 days ago | Report Abuse

70 cents - most probably tomorrow.

skyjet

531 posts

Posted by skyjet > 2 days ago | Report Abuse

Bought fphb at 0.615.

skyjet

531 posts

Posted by skyjet > 2 days ago | Report Abuse

Strong support at 0.615

VincentTang

1,158 posts

Posted by VincentTang > 1 day ago | Report Abuse

FPHB is the miss universe of year 2024. All the stocks you can miss but cannot miss FPHB. The next station will be 0.80 then 1.20.

Posted by hafizfizor90 > 1 day ago | Report Abuse

from what vincent tang?.

Posted by hafizfizor90 > 1 day ago | Report Abuse

everyone can talk but must have reason

Posted by panchoni200 > 1 day ago | Report Abuse

momentum too strong

VincentTang

1,158 posts

Posted by VincentTang > 21 hours ago | Report Abuse

hafizfizor90, read it's last quarter result then you will know the reason.

Goldberg

2,791 posts

Posted by Goldberg > 21 hours ago | Report Abuse

Prospects

FPHB distinguishes itself via a wide variety of fresh vegetables coupled with value-added services. Currently, the company operates approximately 980 SKUs of fresh vegetables, meeting diverse customers’ needs. The provision of prepacked and fresh-cut vegetables not only caters to convenience but also commands a higher profit margin.

In response to escalating demand and operational constraints, FPHB is strategically transitioning from 12-hour shifts to 24-hour operations to streamline delivery and storage processes. At present, the cold room facilities are operating at over 95% capacity thus FPHB are planning to augment processing shifts, enhance delivery frequency, and utilize on-site refrigerated containers and temporary warehouses to accommodate the surging demand.

As part of its expansion strategy, FPHB is undertaking the construction of new facilities to enlarge its central distribution center that will enhance its built-up area from 78,721 sq ft to 149,548 sq ft, scheduled for commencement in 1Q 2026. The new production facilities will expand its floor space by 90%, thereby enhancing cold room capacity by approximately 35%, positioning FPHB for substantial growth in the foreseeable future.

The fresh vegetable industry is integral to Malaysia's food security agenda, directly impacting sustenance, health, and cost of living. In 2022, the industry contributed 8.9% to the GDP of the agriculture sector, with food and non-alcoholic beverages comprising of 29.8% of the CPI weight in 2023. With a market size of RM7.6bn in 2023, the industry presents significant growth opportunities, supported by governmental focus and consumer demand for fresh produce. As such, FPHB stands to benefit from this favorable industry landscape.

We expect FY23-FY26F earnings to grow at a strong CAGR of 33%, underpinned by (i) the transition to 24-hour shifts to meet escalating demand, (ii) the expansion of value-added services, particularly targeting the Singapore market, and (iii) the expansion of the Senai Centralized Distribution Center. In addition, FPHB boasts a healthy balance sheet, with gearing levels falling from 2.66x in FY20 to 0.53x in FY23, a trend expected to be sustained post IPO.

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