just rough counted, since last PNB disposal that we can see on 19/11/19. It still have another roughly 11,000,000 share to throw if they wan to dispose completely. So expect the price to depress slightly longer. Once the share is fully disposed. I believe that the time. Share Holding by PNB at 30/3/2018- 39,457,000 . 20/3/2019-18,218,700... cheers. patience will paid off soon.
FPI through major shareholder, Wistron, indirectly link to Apple 5G product. FPI wireless audio component will be part of key supplier for Wistron to assembly iphone in India.
Therefore, FPI will become part of the iphone global supply chain.
FPI is LAST tech stock laggard behind. It will marked up FAST very soon. Technically, FPI share on track recovery, once resistance at 1.65 breakout, stock will resume UPTREND, heading to next level RM 1.80.
Upcoming Q4 result is dividend declaration date too. Expect FPI to deliver higher Q4 profit in view of success in expansion. With net cash position, FPI afford to opt to payout most of profit as dividend. Based on 70% payout, expected dividend is 12 sen, give rise to yield 7.5%
PNB highly likely sold out their 12.4925 million shares as of 18th Nov 2019. They likely sold out their balance holdings by Dec 30th, 2019 to book in profits for the FY2019, to declare dividend from their profits to the unit holders.
Total volume transacted in the market from 19th Nov 2019 to 30th Dec 2019 was 30.806 millions which was enough to absorb PNB's holdings of 12.49 million.
Total volume transacted this year since 2nd Jan is 19.672 millions.
Total volume transacted in the market since 19th Nov already exceeded 50 millions.
PNB must have sold out.
It is a matter of time the share price will be rerated upward.
Dividend 12 cents per share yields a return of 6% @2.00
Bank Negara Governor today said that there is ample room for interest rate to come down as the GDP for 2019 only registered a growth of 4.3%, lowest in the last 10 years.
The continued weakness in the Ringgit has proved to be quite beneficial to FPI, with 9M19 revenue increasing by 43.6% y-o-y to RM590.9 m. As a result, PBT and EPS increased to RM42.1 m and 13.24 sen respectively. This represents a y-o-y increase of 14.0% and 7.8%, respectively.
The Group's financial position remains strong with net cash of RM152.4 m or RM0.62 per share.
We are upgrading our FY19 EPS forecast again to 18.0 sen.
I think we need to temper our expectations of FPI's 4Q result.
Historically, (FY18, FY17, FY16) the 3rd quarter has always been FPI's best reporting quarter so it is quite unlikely to show q-o-q growth and furthermore, FPI has been experiencing contraction in its gross margins for FY19 (YTD gross margin is 10.2% vs. 12.7% in 9M18).
While I do hope for a solid 4Q result and dividend, let's not get ahead of ourselves.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
newages00
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Posted by newages00 > 2020-02-07 11:56 | Report Abuse
apple share price in all time high https://www.marketwatch.com/investing/stock/aapl
why this stock doesnt move?