FOUNDPAC GROUP BERHAD

KLSE (MYR): FPGROUP (5277)

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Last Price

0.325

Today's Change

-0.005 (1.52%)

Day's Change

0.325 - 0.33

Trading Volume

61,900


10 people like this.

6,291 comment(s). Last comment by Sanofi 3 weeks ago

Slumberjer

161 posts

Posted by Slumberjer > 2020-05-01 17:02 | Report Abuse

Niceee cant wait for Monday

simonscs

280 posts

Posted by simonscs > 2020-05-01 20:12 | Report Abuse

Wait 0.3 is the best

icepumpkin

818 posts

Posted by icepumpkin > 2020-05-03 20:09 | Report Abuse

0.3 is impossible. when it hit 0.60 or below, all in already

icepumpkin

818 posts

Posted by icepumpkin > 2020-05-04 13:09 | Report Abuse

Look strong.

Steven1717

246 posts

Posted by Steven1717 > 2020-05-06 10:10 | Report Abuse

GORENG?

icepumpkin

818 posts

Posted by icepumpkin > 2020-05-06 10:33 | Report Abuse

Mayb time to fly.

straycats

73 posts

Posted by straycats > 2020-05-06 10:35 | Report Abuse

just going back to vwap of 85 to 90cents like before. after that is anyone's guess.

Talib

536 posts

Posted by Talib > 2020-05-06 12:24 | Report Abuse

lol, game over when it not really started ...

zzzzz

1,894 posts

Posted by zzzzz > 2020-05-06 12:51 | Report Abuse

pull back from 0.77.. will it continue up trend later ?

Cheerup99

23 posts

Posted by Cheerup99 > 2020-05-06 16:01 | Report Abuse

Up a while then drop again....any expert know this counter pattern? How to spot it's trend? Thanks

Simple Man

907 posts

Posted by Simple Man > 2020-05-06 16:38 | Report Abuse

it's uptrend. good move

Cheerup99

23 posts

Posted by Cheerup99 > 2020-05-06 19:53 | Report Abuse

Ok.thanks Simple man. Hope friday it will fly again.

Posted by wutohpakhang > 2020-05-07 16:54 | Report Abuse

Big time!

Posted by Armada An Quantum Leap Stock In 2019/2020 > 2020-05-08 10:57 | Report Abuse

over valued ?

Not even cross 0.830
still more legs lah !

Talib

536 posts

Posted by Talib > 2020-05-08 11:44 | Report Abuse

sell.

ChloeTai

1,452 posts

Posted by ChloeTai > 2020-05-08 15:34 | Report Abuse

GEORGE TOWN: FoundPac Group Bhd is on target to ship out test sockets, stiffeners and laser stencils with an approximate market value of RM50mil to semiconductor test equipment customers in the United States, Europe and China for the financial year ending June 30,2020.

Group chief executive officer CH Ong told StarBiz that despite the Covid-19 outbreak, the orders from customers have not contracted. “The shipment for 2019 was around RM45mil.The market value of the product has increased because these are higher value orders which generate better margins, ” he said.

Ong added that the group had already shipped out about RM27mil worth of orders for the first half of the 2020 fiscal year.

“Based on enquiries and the purchase orders received so far, we are confident of shipping another RM23mil worth of orders before June, ” he said.

icepumpkin

818 posts

Posted by icepumpkin > 2020-05-08 17:25 | Report Abuse

Hv prospect but i will still wait for dip to add. Hv been going up a lot since march.

Gn021

566 posts

Posted by Gn021 > 2020-05-09 18:02 | Report Abuse

Tuesday i think many PH stock will bull, Vizione, Opcom, Vertice, Ewein all PH stock

Muhidin stock GG, haha

Posted by wutohpakhang > 2020-05-10 00:33 | Report Abuse

next TP

zzzzz

1,894 posts

Posted by zzzzz > 2020-05-11 14:14 | Report Abuse

0.83

airbus380

394 posts

Posted by airbus380 > 2020-05-12 14:37 | Report Abuse

Tp .9

Talib

536 posts

Posted by Talib > 2020-05-14 12:23 | Report Abuse

gg.. will back below 0.7

Booyeah

365 posts

Posted by Booyeah > 2020-05-14 12:25 | Report Abuse

agree. cut and buy at 60 cents.

Posted by BaybieShark > 2020-05-14 13:02 | Report Abuse

Cut and buy at 40 cents safer

airbus380

394 posts

Posted by airbus380 > 2020-05-14 13:21 | Report Abuse

40cent ? really

GooShem

1,284 posts

Posted by GooShem > 2020-05-14 13:23 | Report Abuse

agree. Cut and buy at 10 cents safer

GooShem

1,284 posts

Posted by GooShem > 2020-05-14 13:24 | Report Abuse

dow jones goonna plunge back to 19000 and heading to 15000. the covid impact on economy is hurting the market ... and dow jones finally react on it ...

ask yourself, does dow jones deserve 29000 due to covid ?

Posted by StarLightMe > 2020-05-14 18:02 | Report Abuse

Foundpac QR is out~! Good result even covid-19... Bravo

Posted by BaybieShark > 2020-05-14 18:05 | Report Abuse

After listening to gooshem comments, decided to cut tomorrow and enter at 5 cents

S_ken

143 posts

Posted by S_ken > 2020-05-14 18:11 | Report Abuse

This qr is Jan -31st Mar, MCO started 18th March. If this is good result then i cant wait to see the coming qr..

apolloang

18,163 posts

Posted by apolloang > 2020-05-14 18:16 | Report Abuse

profit down mana good? next quarter lagi bad cos the quarter is until 31st of march only.factory no open since march until may

Posted by wesley_gold > 2020-05-14 18:42 | Report Abuse

QoQ net profit significantly drop 33%, YoY net profit slightly increase only 4%, alright tmr gonna cut profit.

airbus380

394 posts

Posted by airbus380 > 2020-05-14 19:21 | Report Abuse

Next QR should be no good also , coz April whole month shutdown .

Talib

536 posts

Posted by Talib > 2020-05-14 19:33 | Report Abuse

good result. give more dividend

hotmission

249 posts

Posted by hotmission > 2020-05-14 20:06 | Report Abuse

If you said this is the worst, coming QR will be worst. Supply chain difficulties is the key now. Keep keep keep

GooShem

1,284 posts

Posted by GooShem > 2020-05-14 20:09 | Report Abuse

use brain to think, not anus, if price now is 1.5, then it is espensive, but now ...0.72

Posted by stockraiders > 2020-05-14 21:23 | Report Abuse

Still commendable results though QoQ is lower, which is acceptable given the weak economy. But the company fundamentals is still strong with its operations churning out cash of 19.5 mil.

Talib

536 posts

Posted by Talib > 2020-05-14 21:53 | Report Abuse

dow sinking 350. hehe gg

Posted by wutohpakhang > 2020-05-14 22:44 | Report Abuse

wahh takutnyaaaa. Jomlah CL aleutooo

Posted by Maurice1688 > 2020-05-14 22:47 | Report Abuse

so if dow sink means sell all, if dow rise means buy right, so easy to play stock

ruby20

308 posts

Posted by ruby20 > 2020-05-15 01:20 | Report Abuse

QR result is 5050, neither good nor bad imo. Company still growing (RM 50m achievable - means 10% yoy growth on revenue) despite at slower rate, 9m profit is more than last year entire profit, still highly profitable company (27-30% margin), and company balance sheet still rock solid. (healthy cash and debt level).

Prob wont reach RM 1 with these numbers but any big sell off, there will be people picking it up.

Primeinvestor

1,454 posts

Posted by Primeinvestor > 2020-05-15 07:59 | Report Abuse

Sell you better run

t_nike2002

370 posts

Posted by t_nike2002 > 2020-05-15 08:48 | Report Abuse

Wall Street staged a comeback on Thursday as a surge in shares. The S&P 500 closed 1.2 per cent HIGHER, while the tech-heavy Nasdaq Composite climbed 0.9 per cent.

Bloomberg

t_nike2002

370 posts

Posted by t_nike2002 > 2020-05-15 08:50 | Report Abuse

Markets Up

Asian stocks looked set for gains as investors awaited data that may show China’s post-lockdown economic recovery is picking up steam. U.S. shares closed higher and Treasuries climbed. Futures rose in Japan, Hong Kong and Australia.

Bloomberg

Posted by PresidentRotiCanai > 2020-05-15 16:47 | Report Abuse

Rebound at nice support

Posted by PresidentRotiCanai > 2020-05-15 17:04 | Report Abuse

Good QR result despite MCO restriction... Now price is rebounded at below tunnel boundary... Today is a good buy

Posted by PresidentRotiCanai > 2020-05-15 19:00 | Report Abuse



Group chief executive officer CH Ong told StarBiz that despite the Covid-19 outbreak, the orders from customers have not contracted. “The shipment for 2019 was around RM45mil.The market value of the product has increased because these are higher value orders which generate better margins, ” he said.



GEORGE TOWN: FoundPac Group Bhd is on target to ship out test sockets, stiffeners and laser stencils with an approximate market value of RM50mil to semiconductor test equipment customers in the United States, Europe and China for the financial year ending June 30,2020.

Group chief executive officer CH Ong told StarBiz that despite the Covid-19 outbreak, the orders from customers have not contracted. “The shipment for 2019 was around RM45mil.The market value of the product has increased because these are higher value orders which generate better margins, ” he said.

Ong added that the group had already shipped out about RM27mil worth of orders for the first half of the 2020 fiscal year.

“Based on enquiries and the purchase orders received so far, we are confident of shipping another RM23mil worth of orders before June, ” he said.

Once the movement control order (MCO) is lifted, Ong said there would be a need to establish an alternative supply chain as the group could not rely on just the local supply chain alone to deliver.

“We are now using only those subcontractors familiar to us.

“The problem is that with the MCO some of them will have problems with delivery.

“We have to find overseas subcontractors, ” he said, adding that the group would continue working hand in hand with customers in design and development activities. If there is any need for new investments, the group will invest accordingly to fulfill the commitments of new projects, ” said Ong.

On the group’s recent investment into a production line to manufacture critical automotive parts, Ong said it wanted to start manufacturing in the second half of 2020.

“Because of the virus outbreak, we still have not been able to obtain the IATF certification.

“So we now have to wait till 2021 to start production.

“We will be pursuing the IATF certification after the MCO is removed, ” he said.

Ong said the global demand for automobiles would flatten because of the virus outbreak.

“This is why we need to focus on producing precision parts for a niche market in the automotive sector.

“Another area we are considering is the safety feature of autonomous vehicles, as there will be a rising demand for the precision parts that go into the safety feature of autonomous cars.

“FoundPac has vast experience in manufacturing precision machining parts, ” he added.

According to Ong, the group is financially well-positioned to venture into new business projects, as the group had a net cash position of RM45mil as of Dec 31,2019.

A recent IHS Markit report released in March forecast that the global auto industry is expected to witness an unprecedented and almost instant stalling of demand in 2020, with global auto sales forecast to plummet more than 12% from 2019 to 78.8 million units, according to the latest IHS Markit forecasts.

Steven1717

246 posts

Posted by Steven1717 > 2020-05-18 10:02 | Report Abuse

road to 80 sen

Posted by Kelvinvest Research > 2020-05-18 11:38 | Report Abuse

Load 300,000 unit, come on warrior.

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