FACB INDUSTRIES INCORPORATED
KLSE (MYR): FACBIND (2984)
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Last Price
1.20
Today's Change
0.00 (0.00%)
Day's Change
1.20 - 1.20
Trading Volume
5,000
Overview
Market Cap
102 Million
NOSH
85 Million
Avg Volume (4 weeks)
1,900
4 Weeks Range
1.13 - 1.23
4 Weeks Price Volatility (%)
97.56%
52 Weeks Range
1.13 - 1.47
52 Weeks Price Volatility (%)
81.63%
Previous Close
1.20
Open
1.20
Bid
1.17 x 6,000
Ask
1.20 x 1,600
Day's Range
1.20 - 1.20
Trading Volume
5,000
Financial Highlight
Latest Quarter | Ann. Date
31-Dec-2023 [#2] | 27-Feb-2024
Next QR | Est. Ann. Date
31-Mar-2024 | 24-May-2024
T4Q P/E | EY
13.05 | 7.66%
T4Q DY | Payout %
1.39% | 18.21%
T4Q NAPS | P/NAPS
2.57 | 0.47
T4Q NP Margin | ROE
19.71% | 3.58%
Market Buzz
Company Profile
Sector: INDUSTRIAL PRODUCTS & SERVICES
Sector: INDUSTRIAL PRODUCTS & SERVICES
Subsector: METALS
Subsector: METALS
Description:
FACB Industries Inc Bhd is an investment holding company. The Company through its subsidiaries is in manufacturing and sale of stainless steel butt-weld fittings, mattresses, bedding related products and furniture and investments in China. The Group comprises the following three reportable operating segments: Bedding; Steel Manufacturing and Other operations. Bedding is involved in manufacturing and marketing of mattresses, bedding related products and furniture. Steel manufacturing manufactures and sale of stainless steel butt-weld fittings. Other operations is an investment holding, provision of management and secretarial services and production and marketing of electric power and steam.
Discussions
3 people like this. Showing 50 of 382 comments
Facbind has RM163 million cash or 191 sen per share. It has available for sale investments (more than 300 million Karambunai shares) worth another RM20 million.
2017-11-23 11:30
why nobody talking this counter recently? The edge recommend buy, you know or not? not interested in this counter?
2018-01-12 13:25
Facbind's cash has gone up to RM 167 million in its latest quarterly report. At 8 sen a share, its 339 million Karambunai shares are worth another RM 27.1 million. Cash + shares are already worth RM 2.28 per share.
2018-02-27 16:49
If the company directors do not know what to do with it's over RM 150 million cash pile, just distribute the money to the minority shareholders as dividend and let them decide what to do with their money.
2019-02-14 18:00
Based on latest financial data as at 30Sep, its CASH per share stood at RM1.77 ! If you include their quoted shares and bond (total RM38.8mil), its CASH and CASH EQUIVALENT per share goes to RM2.30 !! This company has no borrowings. they are doing the "Dreamland" mattress. Most of you may buy this product before.
Subject to privatization, and possible at RM2.30 (against its Net Asset of RM2.57 per share). At current price of RM1.20, you are buying at RM1.20 in exchange to cash in the company for RM2.30.
2019-02-15 09:17
I would presume that the boss is consolidating his asset and may have take private or reverse take over
2019-02-16 09:39
After selling its 339 million KBunai shares to LP Chen, Facbind will have almost RM 200 million in cash or net cash of RM 2.35 per share.
2019-11-11 15:30
There will be more install for Facb by Chen. Definitely some actions will be announce soon
2019-11-13 21:31
Correction...facb did not sell kbunai to Chen loh...!!
They knew kbunai highly undervalue they hang on mah...!!
Posted by prudentinvestor > Nov 11, 2019 3:30 PM | Report Abuse
After selling its 339 million KBunai shares to LP Chen, Facbind will have almost RM 200 million in cash or net cash of RM 2.35 per share.
2020-10-11 18:52
Petaling Tin, Kbunai.
Is FACB next to be privatised by Chen?
If yes, how much do you think he would offer?
2020-10-12 13:16
Active today. Cash rich company with zero borrowings. Potential for privatisation. Main shareholder has privatised his two other companies in the last 2 years, Ptg Tin and Kbunai.
2020-12-02 23:17
As at 31 Dec 2021, FACB's cash and other investments are worth over RM190 million or RM2.30 a share. It is ridiculous for its shares to trade at RM1.13 a share.
2022-07-11 12:16
The company has kept RM150 million cash in the bank for almost 10 years now and the management doesn't seem to know what to do with this vast amount of cash. Just declare a RM1 per share dividend. It is so simple.
2023-02-22 10:31
Very thinly traded everyday and very often it is not traded at all. This counter should have been taken private a long time ago.
2023-02-26 15:49
Better privatize this company and concentrate on casinos. It is a win win solution.
2023-05-11 15:06
Has gained by almost 25% over the last three months. Privatization in the pipeline?
2023-07-21 10:44
Noticed all the cash rich companies ripe for privatisation all up. Kseng, Facbind, Insas, Icap, Osk,
2023-07-21 10:55
Tightly held, cash rich (RM1.8 per share), zero bank borrowings. The major shareholder has taken private Kbunai and Petaling Tin 2 years ago, high chance will take this counter private.
2023-07-21 13:24
Memang betul mah!
Fair value exceed Rm 2.40 loh!
Posted by knn8888 > 3 weeks ago | Report Abuse
Tightly held, cash rich (RM1.8 per share), zero bank borrowings. The major shareholder has taken private Kbunai and Petaling Tin 2 years ago, high chance will take this counter private.
2023-08-16 10:26
If u miss Facbind,
and u miss Icap
and also u miss Insas
don't miss the next one.....Mphbcap
2023-09-03 08:21
With the departure of its helmsman, hopefully Facbind's privatization process could be speeded up.
2023-12-11 12:09
This company has been keeping over RM150 million cash for over 10 years. It has no viable business model. It should just sell all its assets and distribute its cash to shareholders and fold up.
3 weeks ago
Net cash per share is over RM1.80 but small investors are so frustrated with the management that they are willing to sell at below RM1.20 a share.
2 days ago
No clear laws in the country to look after the interests of small investors, so major shareholders just use the loopholes to take advantage of small investors. Should they want to take the company private, maybe they would just offer something slightly better than the prevailing market price instead of taking into account the company's actual worth.
2 days ago
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Slowly creeping up over the past several months without being noticed by small investors. Privatization probably in the pipeline.
2017-10-13 15:56