Posted by sephiroth > 2014-02-21 16:21 | Report Abuse

normal daily volume only 3 digits, now 5 digits

Posted by Avocado_C > 2014-02-21 16:32 | Report Abuse

緯創(3231)董事會通過以盤後交易方式購買Formosa Prosonic Industries Berhad (FPI)之普通股，該公司是馬來西亞股票上市公司，主要從事高品質音響及喇叭單體的生產。針對緯創的併購，高盛證最新出具報告認為這項交易，對緯創短期的業務展望並沒有重大的改變，應此仍維持緯創「賣出」評等。

緯創昨天宣布，以總金額以不超過新台幣5.6億元為上限，取得FPI約6900萬股普通股，交易完成後緯創將持有該公司25%~30%的股權。FPI主要從事高品質音響及喇叭單體的生產，為全球第二大音響、喇叭單體製造商，緯創過去幾年在影像產品的布局上已經有面板、顯示器模組，未來消費者對音效需求提升，因此決定入股FPI公司。


高盛證認為該項交易並無法改變緯創近期的偏弱的營運現況，未來幾季獲利轉弱的因子包括：1.核心業務如NB和手持裝置的惡化。2.產品多樣化優勢的能見度低。3.在蘋果EMS的毛利率和獲利不確定性高。

據此，高盛給緯創「賣出」評等，目標價為22元。

Posted by Ng Binary > 2014-02-21 16:32 | Report Abuse

sephiroth, do you still have the post that you mentioned above?

"PNB holds above 80% of FPI, there's rumour that acer and apple is buying 24-25% stake according to ealier post in chinese"

Posted by Avocado_C > 2014-02-21 16:34 | Report Abuse

This transaction is valuing FPI shares at around RM0.89 per share. (NT5.6 x 100,000,000 x 0.11)/69,000,000 = RM0.89.

Posted by khchong78 > 2014-02-21 16:35 | Report Abuse

0.92!!!$$$$$$$$$$$$$

Posted by sephiroth > 2014-02-21 16:45 | Report Abuse

Ng Binary, as per below
http://udn.com/NEWS/STOCK/STO3/8499688.shtml#ixzz2tvn2ZMzZ

Posted by sephiroth > 2014-02-21 16:45 | Report Abuse

and much earlier chinese article

http://klse.i3investor.com/blogs/kianweiaritcles/46117.jsp

Posted by poorperformer > 2014-02-21 17:05 | Report Abuse

PNB holds more than 80%???????????? Definitely not true!!!!!!!

Posted by arv18 > 2014-02-21 19:18 | Report Abuse

1.6 sen EPS. bugger! not a great set of results. i was hoping they would do better in Q4

-6 sen divvy tho...

Posted by khchong78 > 2014-02-21 19:39 | Report Abuse

Mother：Foxconn, Son：PIE
Mother：Wistron, Son：FPI

Posted by arv18 > 2014-02-21 19:45 | Report Abuse

not sure of what relevance that is really to a comment on the most recent FPI financial report, more specifically the DRASTIC decline in FY top line revenue.

of course the stock price is so depressed already, i doubt it will correct very much, if at all.

but the 6 sen divvy sure is great!

Posted by ch > 2014-02-21 20:49 | Report Abuse

6 cent dividend. Sound good to me. My average price is 65cent. The return is better than EPF :).

Posted by Eelyn Soon > 2014-02-21 21:15 | Report Abuse

complicated fa.. ta is definitely better for me.. :)

Posted by tjhldg > 2014-02-22 00:13 | Report Abuse

monday bbq kaw u

Posted by kyyfan > 2014-02-22 12:24 | Report Abuse

Monday is going to drop back...hohohoho!!!

Posted by Cheah Khuan Jin > 2014-02-22 12:29 | Report Abuse

drop back due to dividend announcement?

Posted by sephiroth > 2014-02-22 13:57 | Report Abuse

FY13 Receivables
3Q13 RM147.198m 4Q13 RM88.261m

Received more cash than expected of RM58.397m
However, after spending on other non cash items, working capital,purchase of property, plant and equipment, tax, dividend, cash increase by 23% or RM25.4m from RM110.465m to RM135.866m

RM135.866m/ share base 247.358 m shares, cash per share = 54.9 sen per share which is 60% of share price 0.915

Net profit drop drastically due to intense competition, still much higher y-o-y

Wistron(Acer) have just acquired 25% stake in FPI, this will ensure continuous biz from acer for speakers

Posted by sephiroth > 2014-02-22 14:04 | Report Abuse

might break 1.00 on monday

Posted by eric123 > 2014-02-22 22:33 | Report Abuse

can break 1.00 ? glad to hear that . : }

Posted by PN17 > 2014-02-22 22:38 | Report Abuse

高盛給緯創(Wistron) 「賣出」評等

《外資》緯創入股FPI難改頹勢，高盛喊賣

2014-02-21 10:07
時報資訊
【時報記者任珮云台北報導】

緯創(3231)董事會通過以盤後交易方式購買Formosa Prosonic Industries Berhad (FPI)之普通股，該公司是馬來西亞股票上市公司，主要從事高品質音響及喇叭單體的生產。針對緯創的併購，高盛證最新出具報告認為這項交易，對緯創短期的業務展望並沒有重大的改變，應此仍維持緯創「賣出」評等。

緯創昨天宣布，以總金額以不超過新台幣5.6億元為上限，取得FPI約6900萬股普通股，交易完成後緯創將持有該公司25%~30%的股權。FPI主要從事高品質音響及喇叭單體的生產，為全球第二大音響、喇叭單體製造商，緯創過去幾年在影像產品的布局上已經有面板、顯示器模組，未來消費者對音效需求提升，因此決定入股FPI公司。

高盛證認為該項交易並無法改變緯創近期的偏弱的營運現況，未來幾季獲利轉弱的因子包括：1.核心業務如NB和手持裝置的惡化。2.產品多樣化優勢的能見度低。3.在蘋果EMS的毛利率和獲利不確定性高。

據此，高盛給緯創「賣出」評等，目標價為22元。

Posted by PN17 > 2014-02-22 22:48 | Report Abuse

http://money.chinatimes.com/news/news-content.aspx?id=20140221002401&cid=1203

Posted by kyyfan > 2014-02-22 23:47 | Report Abuse

Impossible to break RM1... will adjust back to RM0.85 instead.

Posted by khchong78 > 2014-02-23 12:51 | Report Abuse

纬创抢食音响製造大饼

财经 2014年2月22日

（台北/吉隆坡22日综合讯）台湾纬创（Wistron）收购大马上市的台资音响製造商--台湾联友（FPI，9172，主板消费股），以进军音响製造市场。

纬创20日宣佈以盘后交易方式，购买台湾联友近6,900万股普通股，交易总金额上限5.6亿新台幣，估计將持股25%至30%。

据悉，纬创將於3月完成入股相关程序，届时也会成为台湾联友最大股东，並將取得董事席次，但经营方针仍会尊重该公司既有的专业团队。

纬创表示，入股台湾联友，未来在影音產品製造的佈局將更加完整，日后双方也会有许多策略性合作划將陆续展开。

台湾联友尚未公佈有关股东变动的消息。

营收跌净利反增

另外，台湾联友週五公佈2013財政年末季（截至12月31日止）业绩，净利增长58.3%，至397万令吉，而营业额则下滑21.4%，至1亿1815万令吉。

全年而言，该公司营业额下滑24.3%，至5亿5599万令吉，净利则跌19.4%至2183万令吉。

该公司也建议派发每股6仙的第一次中期股息。

http://www.orientaldaily.com.my/index.php?option=com_k2&view=item&id=101670:&Itemid=198

Posted by khchong78 > 2014-02-23 14:22 | Report Abuse

NTA:RM1.01, Price RM1.00 easy n reasonable. With 6cents dividend, 6% still DY.

Next quarter EPS will increase double. Because:

Taiwan-based contract manufacturers Wistron and Compal Communications will come on board to supplement existing partners Foxconn and Pegatron, according to a report from The Wall Street Journal on Wednesday. Wistron will reportedly handle iPhone 5c production, while Compal will build Apple's iPad mini.

Buy iphone =support FPI.

Posted by khchong78 > 2014-02-23 14:24 | Report Abuse

how many speaker Wistron need for Iphone and LED TV?

纬创公司与台湾联友合资投资6亿8800万令吉
2011-07-10 17:28

该厂总投资额为2.3亿美元（6亿8800万令吉），制造3000个就业机会，首期年产300万台液晶电视，次期年产量扩增至600万台。

纬创公司与台湾联友今年合资于雪兰莪州巴生设立面板厂，第一期投资额约1亿美元（2亿9900万令吉），预定于今年杪开始投产，年产300万台液晶电视。
该厂第二期投资额为1.3亿美元（3亿8900万令吉），年产量扩增至600万台，可望成为该集团在东南亚最大的生产基地，为该公司的主要客户提供服务，供应东协及印度市场等目标市场。

纬创集团
纬创资通股份有限公司分割自宏基电脑，于2001年正式成立，是一家国际知名的专业研发代工公司，专注于信息通讯领域。
它为全球资讯科技品牌公司提供最优良先进的研发代工服务，产品种类多样而完备，包含笔记本电脑、掌上电脑系统﹑伺服务器及存储设备﹑网络和通讯产品。
纬创集团旗下各公司在其专业领域都位居领先地位，营运点遍及北美、欧洲以及亚洲，全球超过4万名员工，为台湾上市公司。

Posted by khchong78 > 2014-02-23 14:32 | Report Abuse

Wiston take 28% share, easy can hit 33% share

Posted by Cheng Yeow Ng > 2014-02-23 16:06 | Report Abuse

I will buy more FPI 2morrow!
khchong78, TQ for your info!

Posted by Cheng Yeow Ng > 2014-02-23 16:41 | Report Abuse

WOW! Six millions pcs TV speakers!

Imagine each speaker FPI make RM10. That alone already 60millions profit and 300% up in the future!

Somemore Iphone5 speaker and notebook speaker from other factory not included! BUY BUY BUY!!!

Posted by tonylim > 2014-02-23 17:09 | Report Abuse

Sephi wow volume super high last friday

Posted by tjhldg > 2014-02-23 23:19 | Report Abuse

bbq

Posted by lee9fold > 2014-02-24 00:48 | Report Abuse

tj...esok masuk bbq?

Posted by ch > 2014-02-24 09:03 | Report Abuse

buy buy buy!

Posted by ch > 2014-02-24 09:18 | Report Abuse

Good..press down the price :)

Posted by kyyfan > 2014-02-24 09:20 | Report Abuse

FPI drop to the open price dy...hahaha...
Do not have an up trend at all...ngek ngek ngek...

Posted by tonylim > 2014-02-24 09:21 | Report Abuse

$

Posted by ch > 2014-02-24 09:23 | Report Abuse

come on ..break 80 cent today. :p

Posted by ch > 2014-02-24 09:35 | Report Abuse

nobody want to let go at 80 cent? haha...

Posted by Eelyn Soon > 2014-02-24 14:28 | Report Abuse

morning tp @ 93 and quite satisfied with it as its contra gain..

Posted by arv18 > 2014-02-24 15:15 | Report Abuse

conservatively, this stock could head to 1.1 - 1.2-ish

1) Gap to fill from June 2010 @ 1.04
2) DY 5% would mean a price @ 1.20
3) PE 13.5 with earnings/s of 8.5 sen @ 1.15

pls correct me, i could be wrong here.

Posted by kyyfan > 2014-02-24 17:02 | Report Abuse

大势已去。。。

Posted by jj888 > 2014-02-24 20:22 | Report Abuse

Why FPI never announce acquisition by Wistron? Not required by Bursa rules meh? Or still within grace period?

Posted by Eelyn Soon > 2014-02-24 23:04 | Report Abuse

maybe thats not a confirmed deal yet?

Posted by arv18 > 2014-02-25 00:50 | Report Abuse

actually not too bothered about Wistron. who's buying Acer PC's? it seems as if every man and their dog is using a Samsung or Apple product these days.

as long as earnings around 9-12 sen a share, no debt, and divvy 6 sen a year, i'm happy. i'm a but concerned about a/c receivable & a/c payable level tho. 100+ million seems a bit on the high side ... any comment?

Posted by arv18 > 2014-02-25 01:01 | Report Abuse

any stock with this kind of dividend yield has to eventually reach "fair value" (i reckon over RM1.1 - 1.2 minimum).

With FY revenue of RM500m+, this stock mcap is only RM225.1m. lets say mcap is RM300m+ stock will be worth RM1.21. RM400m+ stock will be worth RM1.61....

am i wrong?

Posted by tjhldg > 2014-02-25 01:12 | Report Abuse

pening

Posted by arv18 > 2014-02-25 02:53 | Report Abuse

boleh tengok astro - Oh My English! http://www.astro.com.my/ohmyenglish/ kalau takfaham...

Posted by leelc70 > 2014-02-25 09:05 | Report Abuse

agreed arv18, as the company business structure remain complete, the company is worth to hold longer. It deserve for review if the synergy of Wistron to brought more potential business via smartphone, PC and play station etc which toward a more dynamic environment. Base on 'normal' fair value valuation, it should worth more than 1.20/share

Posted by ch > 2014-02-25 15:28 | Report Abuse

DY = 0.06/0.895 = 6.7%. Almost same with EPF rate :).

Posted by sephiroth > 2014-02-25 16:17 | Report Abuse

will rebound tomorrow

Posted by kyyfan > 2014-02-25 16:28 | Report Abuse

sephiroth, what make you say so?