base on TA this stock with no incoming growth news in 2018, TA 2017 pe = 20/25 base on PM 20% above div 0.01...stock price = 3.02*22.5avgPM= 0.67sen(TP).
revenue and profit picking up from Qtr 1 to Qtr 4 ma... if want talk drop Qtr 1 Qtr 2 were the worst. and hor... this year they have no more pioneer status ma... big reduce of profit come from tax, I think, The management has said that sales to Broadcom drop because of the M&A of Broadcom affect their procurement. and the order has come back in FY 18.Looking at the trend of Revenue, the management representation seems hold water.
Looking at the comparative figures of segmental reporting, only sales to North American dropped significantly (Broadcom) and others were doing well, except sales to other asian countries maintain at the same level. Sales in Malaysia increase 1.4x times and sales to Europe increase about 24%. The dropped of Broadcom sales has pushed the company out of its comfort zone to expand its customer base. This is a good thing. Should the company be able to provide satisfactory services to these customers, and that the Broadcom order come back as told by the management. One can expecte better performance in coming year.
wondersky sifu, yalor, revenue is improving, but ppl compare to last year ma... if ppl scare, they should scare at Qtr 1 and Qtr 2, not scare after the revenue improve. Normally Q4 because of audit, a lot of adjustment and expenses book in last minute... account friend said this one call year end adjustment , like bonus etc.
Dunno why hor, this FPG employee go buy 50, 000 units FPG at 835 last month. He should know whether the company sales good or no good ma... why no good so sapu 50,000 units, got money dunno where to spend arr?
Low Cher Shyong, Malaysian, aged 43, is our Vice President of Sales and Marketing and is responsible for managing overall sales, marketing and business development activities of our Group.
revenue and profit drop news already out for weeks, plus the US North Korea hu--haa... price already dropped until today. now results out, profit still maintain more or less the last Qtr, overall second half better than first half, Revenue even better, narrowing the drop. and now what is in front? Revenue recovery....from a bigger giant Broadcom +Avago.... Plus improving local and Euroup sales...
The company now got 46mil in hand... part of it from IPO to be utilised for expansion, and the expansion still on hold... this could mean the company managment is:
1, inefficient. no action, take the money dunno what to do. 2, very careful in evaluating options in investing in capex, not just do it for the sake of utilisation of fund raise.
But hor, dun the management already has a plan/target in mind when the do IPO to raise the fund? now what? withold it for a better option or the initial plan no good? or they halt the expansion in FY 17 because of this merger of Broadcom-Avago causing the falling order? Now that the sales orders are comming back after the Broadcom-Avago merger settled down, so if the assumption is correct, than the plan can be initiated again...
As the expiry time of utilisation of IPO funds is getting nearer (still got 20+ months if not mistaken) so one can expect this expansion will come in in FY18. and if it is right to assume that the management is using the funds carefully, than one can hope for better growth of the company, no?
one thiny thing I sas today, the company sales to Europe include Germany, although veli small, but selling to Germany wor... dun play play with the Germany fella... U eat food left a lot on the table and waste them, they call police give you saman...
I am not saying this is good to buy or not hor... just that ppl only tok profit drop, revenue drop... but there are many things else ma...such as buy sell power...see how strong is the buyer against the seller and vice-versa. this one difficult to know wor.. .. U see ppl already shout sell la sell la
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....
jibkor
455 posts
Posted by jibkor > 2017-08-08 10:28 | Report Abuse
forum is let ppl to talk , not for scold or argue . be mature .....