FORMOSA PROSONIC INDUSTRIES

KLSE (MYR): FPI (9172)

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Last Price

3.00

Today's Change

+0.04 (1.35%)

Day's Change

2.95 - 3.03

Trading Volume

571,200

Overview

Market Cap

772 Million

NOSH

257 Million

Avg Volume (4 weeks)

769,880

4 Weeks Range

2.93 - 3.11

4 Weeks Price Volatility (%)

38.89%

52 Weeks Range

2.30 - 3.11

52 Weeks Price Volatility (%)

86.42%

Previous Close

2.96

Open

2.96

Bid

3.00 x 41,900

Ask

3.02 x 20,000

Day's Range

2.95 - 3.03

Trading Volume

571,200

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2023 [#4] | 22-Feb-2024

Next QR | Est. Ann. Date

31-Mar-2024 | 26-May-2024

T4Q P/E | EY

6.58 | 15.20%

T4Q DY | Payout %

7.60% | 50.02%

T4Q NAPS | P/NAPS

2.10 | 1.43

T4Q NP Margin | ROE

17.40% | 21.69%

Market Buzz
Company Profile

Sector: CONSUMER PRODUCTS & SERVICES

Sector: CONSUMER PRODUCTS & SERVICES

Subsector: HOUSEHOLD GOODS

Subsector: HOUSEHOLD GOODS

Description:

Formosa Prosonic Industries Bhd is a Malaysian based company. Together with its subsidiaries the company is engaged in manufacturing and sales of speaker systems, investment holding, provision of system development and solutions for business software. Its reportable segments are Malaysia and United Kingdom with the majority of the revenue generated from Malaysia.Its product portfolio includes wireless speaker products, conventional speaker products, musical instrument products and acoustic products. It also offers services including design services, manufacturing services, supply chain support and quality systems.

Discussions
8 people like this. Showing 50 of 3,036 comments

Income

I'm touched by how sincere you sound bro.. I'm really happy to have come across your comment. May God bless you abundantly. Thanks so so so much Bro.

2023-11-21 19:33

Income

I heard from a girl originally from the Philippines with a teaching degree, she was offered a job in a small kansas town. The school paid to bring her here to be a teacher for them. She went from the slums of a third world country to working as a teacher, bought a house, bought a new car and is living the dream. From an actual slum, no running water, limited electric, a rough life for sure, to middle class in less than 2 years and is completely set up. If you are not willing to make changes and make better choices, then someone else will.
There's many American teachers that could have taken that job... But they didn't, think about that.
Life is choices, make better ones...

2 months ago

Income

"If anything is too interesting but it doesn't make you money, it's taking away money from you.

2 months ago

Income

•Israel warns war with Hamas could take 'several' more months

2 months ago

Income

Nobody wants to buy kah?

2 months ago

CharlesT

Good Co but boring stock. Can aim for 10% to 15% upside potential only.

2 months ago

ks55

Then you should go for Crescendo. Directors plan to sell another 100 acres of industrial land in NCIP for not less than rm 500 million.

2 months ago

sten_still

Stocking up this counter for year 2024

2 months ago

katara

going to rebound..

2 months ago

CharlesT

At most 10% to 15% return....hopefully can give 25 cents div in Feb

1 month ago

CharlesT

Early last year goreng goreng till 3.70+, and then annouced a very ugly Q4 result n div 21 cents...1 cent higher than 2021, then price plunged till 3.10+

This year c what pattern they wanna do

Hopefully can get extra few cents div higher

1 month ago

katara

seems going to break ..at this safe level..

1 month ago

gooman

Southeast Asia markets are poised for a comeback with valuations at 'bargain basement,' Maybank says.
https://www.cnbc.com/amp/2024/01/22/southeast-asia-markets-poised-for-a-comeback-with-valuations-at-bargain-basement-maybank-says.html

1 month ago

Lightofheaven

fpi up..any good news ah?

1 month ago

winston1

Should announce good dividend next month

1 month ago

WellnessAntiCancer

Waiting for Qtr 12/23 Report.

Even if it is tepid like 4mil profits, giving a year’s EPS of 35sen, the company can still pay 21 sen dividend translating to 7.1% at share price RM2.96.

Load up before the market realises it.

Just like Amway, when Div yield is expected to be 7.4% at share price RM5.25, it shot up to RM6.90, 32% rise with dividends 7.4% total 42% gains in less than three months.

1 month ago

WellnessAntiCancer

FPI is financially strong with cash reserves RM362mil for a market cap of RM781mil

Strong orders coming from the ACER Group Taiwan and USA orders.

1 month ago

WellnessAntiCancer

FPI is investing in IOT for speakers, the next generation of craze.

Disclosure: I own FPI, INsas & INsas WC amongst other portfolio. May continue to buy in the next 72 trading hours.

1 month ago

Dakewlest

Wellness, what is your average buying price for FPI?

4 weeks ago

hhhiii123

feel like next qr very strong, need special dividend, wakaka

4 weeks ago

WellnessAntiCancer

High likelihood of >7% dividends. Even if not, why worry, the Balance sheet is rock solid with cash RM362million. I am amazed by their Speakers technology saleability as they have large orders. I read somewhere they are also OEM for Sony which is a surprised as Sony is known to guard their in-house production. I may not be right here.

But you cannot go wrong with such technology and Financial solid ground. ROCK solid.

ON purchase price, I wish to keep it confidential.

But our purpose is same, prosper thy neighbour and let all of us laugh all the way to the bank.

4 weeks ago

DividendGuy67

This nice and solid stock edges up, enough to make my portfolio to hit new all time high again! Changed my mind - originally intending to take some profits near RM3 resistance, but along the way when it was 2.8 to 2.87, I added a little bit to raise my average cost from 2.5x to 2.62. This nice counter is in my Top 20% buy size.

My current outlook is to expect 23 sen dividend (say 21-25 sen), assuming 60% dividend payout ratio. At 3.02, this is 7.6% dividend yield which is nice and solid. No plans to take profits yet.

2 weeks ago

CharlesT

Finally stand above Rm3.00, a small angpao (10% to 15%) is good also

2 weeks ago

DividendGuy67

Nice close at 3.05. With higher volume too. Thanks to FPI and another 22 other stocks, my portfolio hit new all time high again today.

Next stop is RM3.45 to close the big opening gap fill a year ago.

2 weeks ago

ckwee168

Does FPI involve or produce audio recognition technology apart from its speaker sound system?

2 weeks ago

Dakewlest

Any prediction for the coming dividend. I hope it will increase! Bukan jatuh.

2 weeks ago

stockraider

My tukang tilik says div 21 sen coming loh!

1 week ago

Dakewlest

Any TP after qr? Especially if div is more than 20 sen. I guess will rise around 10%-15%.

1 week ago

pantor

Good result with fat dividend

1 week ago

gooman

In respect of the Group financial position, it remains solid with net cash position. The Group remains mindful on trade receivables collection which was within the normal range of 60 to 90 days and the inventory level which is supportive to subsequent production and delivery requirements.

1 week ago

pantor

Let’s compare FPI and uchitec.
FPI :PE 6.6 ROE 21.5 div 7.6%
Uchitec :PE 14.3 ROE 65 dividend 7.3%
We should give FPI PE at least 10, which is RM4.57.
50% upside

1 week ago

WellnessAntiCancer

See the competitive moats of each business
FPI has strong leadership is speakers technology
Uchitec has scientific skills in developing chips for coffee and dominating the high end coffee machine brewer.

1 week ago

WellnessAntiCancer

FPI declared dividends 23 sen with current (attractive) share price 3.07 yields 7.5%.

HLIB declared a surprised dividends at 50sen giving a total 70sen div for FY2023. The shares shot up by RM1.00 to RM10.30 now.

FPI is still undiscovered gem.

Disclosure: I own both Uchi & FPI amongst my portfolio and may buy more in next 72 hours.

1 week ago

WellnessAntiCancer

FPI is rock solid financial position with net cash increased QtoQ from RM363mil to RM450.6million, almost RM90million cash increase thanks to the strong credit control that customers pay within 90 days.

Margin of safety is very high

1 week ago

KPH5328

Uchi single customer risk, no doubt FPI is a very well managed EMS but they're OEM, no own brand, nothing much they can do when economy slowdown, or low demand.
Hope their AI speaker will be ready to accept order soon.

1 week ago

ITreeinvestor

disposal gain 20mil, core earning 12mil.
PE 16.45 which is more expensive than uchitec

1 week ago

WellnessAntiCancer

FPI market cap 780mil

Exclude idle cash 450m

Net market cap 330mil = the amount you are paying that generates income.

PAT 117mil

PE = 2.8x !!


PAT exclude a be of gains 24mil = 93mil

PE = 3.5x!!


As attractive as UChitec But higher intrinsic value.

1 week ago

WellnessAntiCancer

UCHITEC can easily sell to other clients but Moulinex , no. 1 consumer foods in Europe, made PARTNERSHIP to have exclusive acces to UCHI unique technology.


Proven past >20 years win win collaboration

Disclosure: happily owns wonderful businesses FPI , UCHI , INSAS + Warrants amongst my portfolio. May continue to buy aforementioned in next 72 hours of trading

1 week ago

Learner One

Well explained. Tq.

1 week ago

ghochu

Wellness: Out of 117 mn profit - 15 mn is interest income, 27 mn is other gain and 15 mn is fx gain so core profit is 60 mn. In addition you are assuming that they dont need any cash to run the business.

6 days ago

Dhando

Export of Sony products will be record high in Q1.

6 days ago

Dhando

Interest income and fx gain are recurring yearly. Interest income will parallel the increase in cash. For the past 6 years FPI’s PBT has consistently been higher than OP.
Also, in-spite of the high cash reserve RoE is more than 20%. It simply means FPI's capital expenditure requirements are low.

6 days ago

spectre007

FD of the year for the past 9 years

5 days ago

jeffrey1166

still very cheap

5 days ago

jeffrey1166

buy n keep only

5 days ago

geary

FPI... consistently earnings growth around #11%...plus dividend growth...3%...Hold some @2.95...🤓

3 days ago

jeffrey1166

ya tp can set 4.3

2 days ago

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