FORMOSA PROSONIC INDUSTRIES

KLSE (MYR): FPI (9172)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

2.69

Today's Change

+0.01 (0.37%)

Day's Change

2.68 - 2.72

Trading Volume

55,200

Additional Listing


Ann. Date Date Type Units Price View
Discussions
9 people like this. Showing 50 of 2,643 comments

EeRickLee0714

i remember i saw someone mentioned bout it last week before raya holiday

2 months ago

cwc1981

Any idea on how much will be the 1st Quarter Earnings?

1 month ago

YoongGer

out of context abit,

what is the best brand for headphone in your opinion? plan to get one

1 month ago

JKing

With the higher production of external business product which has higher margin than the wistron product and the CNY break of a week, net profit is at 25-30mil. Forex gain is minimum on the first quarter however if USD remain at current rate, there will be a big forex gain in 2nd qtr

1 month ago

stockraider

Very high div yield mah!

1 month ago

Sardin

@JKing, so you expect EPS 2022 Q1 to be about the same qoq.

1 month ago

cwc1981

Last year Q1 was 8.3 cents. If able to match will be great

1 month ago

JKing

Should be better than Q1 last year

1 month ago

cwc1981

Great

1 month ago

JKing

Fpi has another new customer. Denon

1 month ago

EeRickLee0714

seems legit

1 month ago

EeRickLee0714

DY is good

1 month ago

cwc1981

see 1st Quarter result earning good or not

1 month ago

Sardin

@JKing, may I know how did you get the magic number RM 25-30 million net profit for 2022 Q1?

1 month ago

goldeneye

Expecting good result coming soon.

1 month ago

Sardin

Hope there is EPS 11 sen per share

1 month ago

YoongGer

QR coming !

1 month ago

Sardin

Crossing my fingers

1 month ago

Sardin

Let's guess the EPS for 2022 Q1. Starts from me. 9.9 sen or better.

1 month ago

cwc1981

10.5 cents. Hahhaha

1 month ago

YoongGer

Margin of Safety

“Confronted with a like challenge to distill the secret of sound investment into three words, we venture the motto, MARGIN OF SAFETY.”

The most critical element in calculating the intrinsic value of a company is the future growth. We will look at it from 2 different angles:

1 month ago

YoongGer

As shown earlier the CAGR for revenue, EPS, and dividend payout ranges from 16% to 61%.
Future CAGR projection for smart speakers from analyst varies from 16%-19%. "The global blue-tooth speaker market reached a value of US$ 10.1 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 30.4 Billion by 2027, exhibiting a CAGR of 19.1% during 2022-2027."

https://klse.i3investor.com/web/blog/detail/Stockwinners/2021-07-27-st...

Based on the above, we will be conservative and project FPI EPS CAGR to be 16%. Our minimum expected rate of return per year is 10% and future PE is assumed to be 12. Current EPS is RM0.39. We are not excluding any exceptional gain or expense from the earning. Also, we will not deduct the net cash from market capitalization. These items approximately cancel out each other.

Using projected EPS CAGR of 16%, the earning in 10 years will be RM1.72. Multiplying this with the future PE ratio, the future stock price is expected to be RM20.65. We discount this price by 10% per year and bring it back to today. The intrinsic value of FPI based on conservative valuation is RM7.96.

This gives us a very significant margin of safety today (April,’22)

1 month ago

Sardin

Hi YoongGer, that's built on one assumption where FPI is able to retain good customers and high margin works.

1 month ago

Sardin

Looks like the report will only come out by tomorrow.

1 month ago

Thirai Thiraviam

Ah, I missed the first part of the AGM.

1 month ago

Sardin

Not much "useful" information in the first part of AGM. The screen also turns blurr sometime. The video quality is not so good.

1 month ago

JKing

Key take away from AGM
1) vertical integration is working well and continue discuss with Wistron on potential new vertical integration since Wistron is expanding in Malaysia.
2) 20 acres of land next to wistron, discussion is ongoing with customer
3) some impact on labour cost but employee headcount reduce by 200 as compare to Dec 2021 so I assume some offset
4) there is mechanism on adjusting pricing with customer for inflation cost on material

1 month ago

Moolala

Thanks for the info JKing

1 month ago

cwc1981

8.31 cents slighy higher than previous year Q1

1 month ago

ghochu

Jking : Numbers look very disappointing at 21 mn versus your expectation of 25-30 mn. Clearly GPM got affected - did they comment on GPM and ASP in AGM? Can they raise prices?

1 month ago

investortrader88

I bought this counter at RM2.72 last year.will continue to hold.good luck guys

1 month ago

JKing

Business still growing as revenue improve. Margin is affected on high raw material and labour. In AGM they do mention they have the mechanism to adjust price in the contract but I think there is some time gap before new ASP take effective against material price increase.

1 month ago

cwc1981

Nett cash position very good. Paid almost 50 million for last FY dividend. Cash still at 263 million.

1 month ago

Sardin

To be conservative, assume EPS and dividend in 2022 to be the same as 2021.

1 month ago

cwc1981

Trade receivable also increase by 50 million

1 month ago

ghochu

Usually they publish notes of their AGM. I have not seen any this time. Has anybody seen or written notes of AGM

1 month ago

goldeneye

Still undervalued stock. Should stay above RM5

1 month ago

investortrader88

Msnaged to top up at RM2.85.good luck guys

2 weeks ago

HF Isaac

This counter is just getting worse day by day. Stretching our patience to the limit. Is the business doing well? Hopefully some kind souls can update us? Tqvm

2 weeks ago

amateurJR

Ok buy little to play play

2 weeks ago

Sardin

There's more small shareholders in this stock. So price is more volatile. According to TA downside risk is high so it encourages TA investors to sell. Fundamental wise I guess in coming one year profit will stay stagnant because of interest rate hike and inflation which will erode the purchasing power of consumers. This will somewhat cancel off the bullish outlook of smart audio and musical instrument demand. To be Conservative, expecting annual EPS 35 sen and dividend 20 sen.

2 weeks ago

HF Isaac

Thanks sardin. Even with dividend yield of 7 per cent upside can't attract enough fundamental investor.

2 weeks ago

Sardin

I anticipate the attraction will turn strong when the price touches RM 2.50 (dividend yield 8%). I believe Q2 result will remain strong and so it gives very strong support at RM 2.50 from now to end of August. By end of August the price movement will be again driven by Q2 result and US economic outlook. So I think reward is higher than risk at prices below RM 2.50.

2 weeks ago

Sardin

Some fund managers might be looking at these opportunities to buy a stake in FPI anytime from now.

2 weeks ago

Jokers2020

at time of recession sound system,speaker tak laku

1 week ago

Sardin

At time of recession, middle class will reduce their expenditure for entertainment. But I think sound speaker is quite basic because the cheapest entertainment one can have in a modern day is to watch movie at home (especially for a family of 4 or 5) instead of going to cenema, or listening to radio instead of going to concert. For teenagers, it may be playing computer games instead of going out for vocation. None of this can be done in a decent way without a proper speaker or sound system. First they did it because they have the money but not the freedom to travel due to covid, now they are going to do it again because they don't have enough money for more expensive activities. Same thing for different reasons.

1 week ago

Sardin

And you know how much pop corn money you can save by watching movie at home throghout the year?

1 week ago

EeRickLee0714

during pandemic endemic period, all sector will kena affect lahh thats for sure including sound system, public shows , concert, event lesser, needs of sound system sure kena impact

6 days ago

EeRickLee0714

but overall FPI is good lahh steady business

6 days ago

Post a Comment