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.
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.
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
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
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.
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!
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.
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.
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
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.
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....
cola
58 posts
Posted by cola > 2021-11-12 15:04 | Report Abuse
facing issues like material shortage, may be??