Posted by pantor > 2023-02-02 21:18 | Report Abuse

Eps 15 sen and dividend 25 sen. Just a guess..

Posted by Cakes Moon > 2023-02-03 16:06 | Report Abuse

All the way up!!!

Posted by goldeneye > 2023-02-03 16:34 | Report Abuse

Expecting excellent qr result

Posted by NinjaInPyjamas > 2023-02-04 18:04 | Report Abuse

Why no research house tracking FPi after so many years ?
Vs PIE and Scope, which one of the company u guys think will have more solid and sustainable growth going forward for the next 4-5 years?

Posted by pinnaclegrade > 2023-02-06 12:27 | Report Abuse

low profile value investment.. more investors here vs speculators

Posted by Cakes Moon > 2023-02-06 17:30 | Report Abuse

Huge dividend to eat, good investment, keep for long term!!!

Posted by investortrader88 > 2023-02-07 20:16 | Report Abuse

Ada senyum :):)

Posted by investory321 > 2023-02-09 15:50 | Report Abuse

expect to announce dividend between Rm0.28 to Rm0.32...at current price still very good yield, abt 8%

Posted by winsonpan > 2023-02-09 17:25 | Report Abuse

when they will make annoucement?

Posted by winsonpan > 2023-02-09 17:25 | Report Abuse

annoucement

Posted by NinjaInPyjamas > 2023-02-09 20:01 | Report Abuse

Halo. I think it is not the yield that is critical. It is the earnings/order book sustainability and growth prospect for the next years. For FPi, the management doesn't disclose much thus not much funds have any first hand information which always keep market in balance.

Posted by Dhando > 2023-02-10 11:27 | Report Abuse

A few quick notes:-
1. FPI management has always been very conservative in their projection and disclosure. FPI's Earning, Dividend, FCF and Revenue has been growing at a CAGR above 20% (/ year) the past 7 years. The management never projected the growth in any previous AGMs or reports. It is up to you to decide if this is good or bad.
2. With current low PE valuation, there is little downside risk and significant upside potential. You get future growth free of charge. PE < 8 simply means no future earning growth projection is included at current price.
3. FPI's Year 2022 Revenue, Dividend, FCF and Earning is expected to be at least 18% higher than year 2021 even if you assume Q4 results are the same as Q4,2021.

Posted by investory321 > 2023-02-10 14:43 | Report Abuse

@winsonpan base on past years record, dividend announcement will be during 20th - 28th Feb

Posted by Sardin > 2023-02-10 16:38 | Report Abuse

FPI's performance in the short-term will be ultimately relying on the sales of the end product of its 3 major customers. In the long-term, in addition to that it will also include its ability to secure new customers or projects with reasonable profit margin. The future of the industry where FPI is participating is bright. However, the long-term success of FPI depends on its strength compares to other contracted manufacturers. Lack of transparency in this area may hinder quite a lot of investors from taking the risk to invest and hence the low PE.

Posted by Dhando > 2023-02-10 17:40 | Report Abuse

I could be wrong but I think FPI have 4 major customers:-
1. Wistron
2. Sony
3. Roland
4. Yamaha - This is a new customer and will drive 2023 revenue growth

Posted by Sardin > 2023-02-10 18:27 | Report Abuse

Hi Dhando, do you expect 2022 Q4 both revenue and net profit to be significantly lower than 2022 Q3?

Posted by Dhando > 2023-02-11 09:12 | Report Abuse

Difficult to say. Historically, Q3 numbers are the highest. However, I expect 2022 revenue to be significantly higher than 2021.

Posted by uptrending > 2023-02-11 09:42 | Report Abuse

Why Huang Ying Hao resigned from the board on the 8th February?

Posted by uptrending > 2023-02-11 09:45 | Report Abuse

He is the Vice President, Wistron, in charge of Consumer Electronics

Posted by Dhando > 2023-02-11 10:27 | Report Abuse

I think it does not matter much, revenue from Wistron is small compared to other 3 customers

Posted by Sardin > 2023-02-11 17:36 | Report Abuse

I estimate:
2022 Q4 EPS is 7.xx sen due to slow down of customers' sales
dividend is 25 sen
fair price is RM 3.57
FPI share price after 2022 Q4 result will be more stable than before, fluctuating around the fair price

Posted by uptrending > 2023-02-12 02:20 | Report Abuse

Wistron is the largest shareholders of FPI. FPI actually reporting to Wistron, and Huang Ying Hao is the board representative of Wistron..

Any rift between Huang and FPI board?

Posted by JKing > 2023-02-12 22:52 | Report Abuse

He represent Wistron. As Wistron leadership change, it change the representative in FPI as well. This is normal.

Posted by CharlesT > 2023-02-13 10:39 | Report Abuse

I think Q4 likely to be so so, with lower sales....likely to see millions RM of Forex Loss too

Posted by investory321 > 2023-02-13 17:16 | Report Abuse

only company finance people who do forex hedging will know whether there is forex gain/loss, but since it is a hedge, so even there is forex losses it will be off-setted by the gain in sales price...but in Q4 i don't foresee forex losses as the company sell USD first to lock the rate...as MYR strengthen in Q4 after change government, i am seeing there is forex gain instead. but a hedge is still a hedge, any forex gain will be off-setted by lower sales profit when company changed their USD back to MYR...what we shud be see is how the company perform in term of revenue and core profit rather than focus on forex gain/loss

Posted by Moolala > 2023-02-13 17:32 | Report Abuse

Q4 tends to be a weak quarter for them, lets see if they can buck the trend this year

Posted by Cakes Moon > 2023-02-14 18:34 | Report Abuse

Strong bull, looks like the beginning of a new uptrend!!!

Posted by Value Investor Coo1eo > 2023-02-17 17:51 | Report Abuse

Holland. Speculators pushed up the price too much. Fair value is around RM2.9

Posted by uptrending > 2023-02-17 18:44 | Report Abuse

Cakes Moon

"FPI going to announce superb dividend next month & stella result!!!
Buy before too late!!!"

3 weeks ago


Reliable?

Posted by Hush77 > 2023-02-18 09:54 | Report Abuse

Its an undervalue stock..
Net cash company which pay good dividend..
But need patience...
Famous value investor, "Coldeye" also invest in FPI for many years

Posted by uptrending > 2023-02-18 10:01 | Report Abuse

DCF valuation RM 5.53 by simply wall.st

Posted by Hush77 > 2023-02-18 10:19 | Report Abuse

With wistron the controlling shareholder, their business will grow larger and larger..
Wistron is the world’s third-largest contract manufacturer of laptops and other devices could channel new businesses to FPI given the Taiwanese group’s large scale of operations.

Posted by stockraider > 2023-02-19 14:17 | Report Abuse

With USD now above Rm 4.40.....the mark to mkt forex gain will be improving loh!

Posted by uptrending > 2023-02-19 15:23 | Report Abuse

https://www.expertmarketresearch.com/reports/portable-bluetooth-speakers-market
Global Portable Bluetooth Speakers Market Outlook

The global portable Bluetooth speakers market attained a value of USD 7.2 billion in 2022. The global portable Bluetooth speaker market is expected to grow at a CAGR of 12.4% in the forecast period of 2023-2028 to attain a value of USD 14.5 billion by 2028.

Posted by Sardin > 2023-02-22 11:14 | Report Abuse

If EPS Q4 could achieve close to 10 sen or much better than I have predicted, the price may reach RM 4 and above.

Posted by Sardin > 2023-02-22 12:40 | Report Abuse

It is not impossible to achieve by end of 2023 or early 2024 but a bit challenging for now.

Posted by Dhando > 2023-02-23 10:18 | Report Abuse

The easy and very conservative way to calculate the intrinsic value is to look at the gap between the current PE and average PE the past 5 years.
PE in the past has been around 10. Intrinsic value is (Past PE) * (Current Price)/ (Current PE) = 10 *3.53 / 7.18 = RM4.9. Anyway, we hope reversion to the mean happens soon.
As FPI is a growth company, I believe the above calculation is too conservative. The actual PE should be much higher than 12x. This PE can only be achieved if share buy-back is initiated or institutional investor put FPI in their radar.

Posted by uptrending > 2023-02-23 12:38 | Report Abuse

3Q Financial Results likely out this evening.

USD peaked @4.70 to RM in Nov 22..

:)

Posted by Sardin > 2023-02-23 12:47 | Report Abuse

Investors have been caucious these few days, which is good for healthy share price growth in future.

Posted by uptrending > 2023-02-23 13:22 | Report Abuse

Fears of hawkish FED further interest hikes and inflation... People took profits.. Let's see if prematurely..

Posted by Sardin > 2023-02-23 16:43 | Report Abuse

Some people are scared. There are lots of small shareholders in this counter and therefore price is more volatile. Current price is fair if one wants to buy, althought not "wonderful". I think the chances of price getting lower is smaller compare to the possibility of going up further. Upside opportunity is higher than downside risk.

Posted by CharlesT > 2023-02-23 17:46 | Report Abuse

Forex loss rm13m+ in Q4...worse than my expectation

Posted by CharlesT > 2023-02-23 17:47 | Report Abuse

Div 0.21...also worse than my expectation...

Posted by uptrending > 2023-02-23 17:55 | Report Abuse

People in the know sold ahead of the disappointing results...

Posted by smoking > 2023-02-23 18:18 | Report Abuse

ya lor.. the volume at 3pm onwards shows that some people have access to the result early. definitely insider

Posted by Beast > 2023-02-23 18:24 | Report Abuse

hoping no limit down

Posted by uptrending > 2023-02-23 18:30 | Report Abuse

Since early February, already pushed up and selling everyday from there.. Later a false breakout of the pennant to 3.6 9 and selling from there again...

Posted by Dhando > 2023-02-23 18:48 | Report Abuse

No one expected 13M forex loss. Really disappointing Q4 results.
Some good news:
1. Cash and cash equivalent up 36% to 361M from 265M in year 2021
2. Earning up 9%, revenue up 4.8% on yearly basis

Posted by uptrending > 2023-02-23 19:31 | Report Abuse

Revenue down and related party sales from wistron also down... Be careful if this is the beginning of a downturn in the business..

Posted by Sardin > 2023-02-23 23:55 | Report Abuse

I don't think so. Probably a temporary setback due to fear and confusion. But price will quickly stable between 3.30 and 3.50. If you study back a few of previous quarter report, you'll find out that earning without counting forex loss or gain is quite stable in the range of 7.xx to 10.xx sen per share, including 2022 Q4. Those who studied carefully won't get surprised and do panic sell. But there are groups of people who thought 12.xx and 17.xx sen quarter EPS were purely driven by customer order and projected very high growth rate and rate the stock at RM 5++ or RM 7++ might be caught in the trap that they setup for themselves. These people might be panic due to over position in this stock and got into a panic. The shares will change hand from these people to conservative investors.