FORMOSA PROSONIC INDUSTRIES

KLSE (MYR): FPI (9172)

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Last Price

2.77

Today's Change

-0.12 (4.15%)

Day's Change

2.72 - 2.81

Trading Volume

2,881,600


8 people like this.

3,131 comment(s). Last comment by yongyong88 15 hours ago

cola

58 posts

Posted by cola > 2021-11-12 15:04 | Report Abuse

facing issues like material shortage, may be??

MaxGGG

251 posts

Posted by MaxGGG > 2021-11-12 15:08 | Report Abuse

we r just guessing all the possibilities, perhaps hopefully someone knows and willing to share here. Or hopefully just a deep washing!

Posted by Midas Patrick > 2021-11-12 15:13 | Report Abuse

habis cerita, QR cant meet ex
pectation

Posted by Midas Patrick > 2021-11-12 15:13 | Report Abuse

consolidate low volume but throw down with such high volume, keep hitting day low

Posted by pekanwoohoo > 2021-11-12 15:22 | Report Abuse

Want to cut, but not so much loss. Keep first lah.

Moolala

182 posts

Posted by Moolala > 2021-11-12 16:05 | Report Abuse

coming QR may not be good, but looking forward to Q4

Posted by ipohwhitecoffee > 2021-11-12 16:12 | Report Abuse

not looking good tho..

cwc1981

1,397 posts

Posted by cwc1981 > 2021-11-12 16:16 | Report Abuse

few round like this already

cwc1981

1,397 posts

Posted by cwc1981 > 2021-11-12 16:16 | Report Abuse

wait for QR

cwc1981

1,397 posts

Posted by cwc1981 > 2021-11-12 16:32 | Report Abuse

Flushing out ESOS by directors????

imvu

7,888 posts

Posted by imvu > 2021-11-12 16:32 | Report Abuse

ku tak tahan nak nak beli , sabar sabar ..

Dakewlest

1,758 posts

Posted by Dakewlest > 2021-11-12 16:33 | Report Abuse

Apa sudah jadi?

imvu

7,888 posts

Posted by imvu > 2021-11-12 16:34 | Report Abuse

3.92

Dakewlest

1,758 posts

Posted by Dakewlest > 2021-11-12 16:41 | Report Abuse

Beli semula today. Hopefully Isnin depan naik semula.

Posted by Want2MakeMoney > 2021-11-12 17:03 | Report Abuse

what happened hah ? dropped

Posted by Value_Investor_888 > 2021-11-12 17:14 | Report Abuse

sound like company going to bankrupt soon...thus insiders throw like no tomorrow...call the company to ask if this is true?

Posted by Thirai Thiraviam > 2021-11-12 17:52 | Report Abuse

I have been holding this stock since forever. It pays dividend without fail during good times and bad. Financially, it is debt-free, and its ROIC is > 20%. So, the 10% drop today is quite strange. Could be the ESOS. I don't see any negative news in cyberspace.

donald770

278 posts

Posted by donald770 > 2021-11-12 19:21 | Report Abuse

@ Thirai, thanks for sharing.l share your assessment of the company.

gemfinder

6,880 posts

Posted by gemfinder > 2021-11-12 19:25 |

Post removed.Why?

gohkimhock

3,128 posts

Posted by gohkimhock > 2021-11-12 19:37 | Report Abuse

when you see this kind of selldown with heavy volume, my advice is do not chase..

mantua39

51 posts

Posted by mantua39 > 2021-11-12 19:57 | Report Abuse

Looks like insider selling ahead of 3Q results

drken91

339 posts

Posted by drken91 > 2021-11-12 20:01 | Report Abuse

this will benefit some of the shareholders of FPI, in case your hand burnt or you're stucked

Contact the Befrienders
03-76272929

it's ok to seek help

Posted by Value_Investor_888 > 2021-11-12 20:56 | Report Abuse

company going bankrupt soon...

iswara

896 posts

Posted by iswara > 2021-11-12 21:00 | Report Abuse

End game. it is still can earn dividend but not at this cost

Posted by HeLLo Cannot (=^x^=) > 2021-11-12 23:55 | Report Abuse

This is bad. This is no good. Better cut before too late.

donald770

278 posts

Posted by donald770 > 2021-11-13 08:28 | Report Abuse

The last corresponding EPs is 10.4 n the coming q may be hard to exceed that. The last shareholding
33 % is held by major shareholders n the free float is large comparatively.How they contribute the downturn n l am puzzled as it's fundamentals shouldn't warrant such downfall. I still have confidence.

Jeffbkt

132 posts

Posted by Jeffbkt > 2021-11-13 09:30 | Report Abuse

Unless someone is from the fpi management team else everything is just guessing. No doubt a single day sell with high volume is a negative sign but still it is not 100%. The 2 possible reason could be insider throwing because of poor result or something negative happens but this sounds too obvious and may trigger SC to probe for any possible insider trading. Anyway generally this is the common conspiracy theory for retail investor. 2nd possibility is that a major shareholder is existing which may not due to any fundemental issue just like PNB exit in 2018. We can only know when next QR is out nexrlt week

donald770

278 posts

Posted by donald770 > 2021-11-13 09:43 | Report Abuse

Thanks for input

cwc1981

1,397 posts

Posted by cwc1981 > 2021-11-13 09:45 | Report Abuse

Thanks Jeffbkt

MM78

604 posts

Posted by MM78 > 2021-11-13 18:25 | Report Abuse

Cash rich and good management track record, wont go bust overnight. Very tempted to add more holding .

Posted by yatlokfatt > 2021-11-13 19:30 | Report Abuse

@ Value_Investor_888, don't simply posted irresponsible comment without proven evidence.

Posted by CakapSohaiThings > 2021-11-14 14:44 | Report Abuse

Strong selling signal, again dont fight the trend, look at how Takaful is performing now.
Support 1: RM3
Support 2: RM2.4
Support 3: RM2

These supports could be good entries to re-enter later, if you decide to sell on Monday

PS: not a buy/sell call

If EPS goes back to 3-4 range, easily break all support and go back to 2019 level.

KPH5328

113 posts

Posted by KPH5328 > 2021-11-15 08:34 | Report Abuse

good points Jeffbkt! Another reason simply to push lower by operator so as to collect cheap tickets, triggered low cut loss 398 by AmInvest last Fri. Anyway FPI surged more than 50% since QR out in Aug, it is quite normal for correction as some opt to take profit in case coming QR below expectation

Posted by sweetpotato > 2021-11-15 09:15 | Report Abuse

i don't see any fundamental change. let's wait for the QR.

Jeffbkt

132 posts

Posted by Jeffbkt > 2021-11-15 10:05 | Report Abuse

That is another possibility that trigger the sell down. The port issues at US but no idea to what extend the impact was.

I was told some have the US import/export data of the company. Again this is just US. FPI export to China, Japan and UK.

cwc1981

1,397 posts

Posted by cwc1981 > 2021-11-15 10:26 | Report Abuse

Need to panic until drop so much?dun understand

Posted by sweetpotato > 2021-11-15 10:46 | Report Abuse

agree with @Jeffbkt. anyway, this is a good buying opportunity.

Lyo82

396 posts

Posted by Lyo82 > 2021-11-15 10:54 | Report Abuse

This stock has too many retail investors so price volatility is expected. Recently a famous blogger declared himself no longer holding FPI. I m not sure to what extend his fans will follow suite. Of course I am not ruling out insiders might have known something earlier and take earlier action.

If third quarter is weak, is due to MCO. That is expected. Other than that I dont see any change in fundmentals.

Wait for third quarter result out.

cwc1981

1,397 posts

Posted by cwc1981 > 2021-11-15 11:02 | Report Abuse

yup lets wait till friday

Primeinvestor

1,454 posts

Posted by Primeinvestor > 2021-11-15 11:19 | Report Abuse

from roland presentation, earnings should be weaker this quarter because production in malaysia affected, but next quarter going full swing more than 100%, whoever sell down to 3.70, thank you!

Posted by kentnherman > 2021-11-15 13:22 | Report Abuse

@Lyo82 who is the famous blogger?

Posted by Desmond_of_KLSE > 2021-11-15 13:40 | Report Abuse

I already said faster sell before ESOS come, but you won't listen. Wednesday much many more ESOS new shares issue, share price plunge into south china sea until ESOS excercise price RM2.55.

Lyo82

396 posts

Posted by Lyo82 > 2021-11-15 14:33 | Report Abuse

No director is substantial shareholder so management loyalty is a bit questionable. This is one flaw of FPI. Probably some of them see ESOS as fast pocket money.

@kentnherman Do some homework and you should be able to find out easily.

skel27

23 posts

Posted by skel27 > 2021-11-15 15:01 | Report Abuse

If is ESOS selling, why insider so eager to sell their shares?
If coming qr expected good, would they dump their shares before this?

Posted by yatlokfatt > 2021-11-15 15:12 | Report Abuse

@Lyo82 who's the famous blogger??

donald770

278 posts

Posted by donald770 > 2021-11-15 19:58 | Report Abuse

Someone has acquired enough shares so he is capable of manipulating it's prices.Recently it is jacked up with high volume n pressed it down with high volume when esos is issued. My hunch is ultimately it will be played up so he is substantially rewarded with it's strong fundamentals as his support

cwc1981

1,397 posts

Posted by cwc1981 > 2021-11-15 22:16 | Report Abuse

Can it be ppl assume the earning will become like ATA IMS?

blackchicken

1,220 posts

Posted by blackchicken > 2021-11-16 07:21 | Report Abuse

If many people run away from a building, other many people in the building will follow them. It may be that half of the stock price movement cannot be explained well.

donald770

278 posts

Posted by donald770 > 2021-11-16 08:01 | Report Abuse

Let's hope like arbb. Ataim n fpi are in different business n their management are different.

donald770

278 posts

Posted by donald770 > 2021-11-16 08:50 | Report Abuse

Good analogy!!!

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