FORMOSA PROSONIC INDUSTRIES

KLSE (MYR): FPI (9172)

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Last Price

2.86

Today's Change

0.00 (0.00%)

Day's Change

2.86 - 2.87

Trading Volume

132,100

Financial

Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.

Date
Financial Result
Financial Ratio
Per Share Item
Performance
Valuation (End of Quarter)
Valuation (Ann. Date)
Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
8 people like this. Showing 50 of 3,124 comments

jeffrey1166

ya coming week will rebound

2024-04-16 20:08

jeffrey1166

cheap price cuurent

2024-04-16 20:08

jeffrey1166

last price for below rm3

2024-04-17 23:43

geary

FPI... consistently earnings growth around #11%...plus dividend growth...3%...Hold some @2.95...!?
Slow Momentum...50/200SMA....@4.20.!?

2024-04-19 19:08

jeffrey1166

tp can be 4.3 follow value

2024-04-20 00:17

jeffrey1166

keep buying as well

2024-04-30 19:02

wongmeeyen1113

Good stock

2024-05-02 21:22

jeffrey1166

ya wong super gem

2024-05-02 23:49

EngineeringProfit

Phison coming?

2024-05-11 22:40

pantor

will cross RM3 soon

2024-05-12 00:01

jeffrey1166

surely my tp is 4.3

2024-05-12 17:28

cola

waste of time to attend the AGM when the management does not really answer questions.....

2024-05-24 10:32

MULTIEVER

may i know what questions you asked? any input about their agm?

2024-05-24 10:34

cola

I asked but did not get any answer. I don't consider "do our best", "strive to do better" as answers...
Someone asked for example of what product that is considered smart audio, and the answer given was "all audio product are considered smart audio, they have many features....":-(

2024-05-24 10:47

MULTIEVER

chill, all the boss same pattern one in agm, a generic response for a generic question, it not just fpi only.

should ask more specific and spicy question that quoting with fact and numbers, rather than using terms that sounds like marketing punya adjective slogan, like "smart", "organic", "best" etc. all this terms too blurry and generic.

if i were you, properly ask "is fpi product will up-to-date with Ai related tech in coming year?" "how much capex fpi will increase before upcoming FY".

of course it is likely you still getting blurry/ generic answer. just carry on, they also uncertain about it.

2024-05-24 11:04

jeffrey1166

keep buying

2024-05-24 12:40

pantor

Worth at least RM4

2024-05-24 21:29

observatory

FPI boss is cautious when answering certain types of question, no matter how the questions are crafted. This can be seen from past AGM minutes. For example, ask anything about its clients he would tell you sorry they’re bounded by NDA with the clients. Probably he believes that even telling you product features would have given away too much and jeopardize the NDAs!

Based on my own experience, FPI is among the average. No worse than many companies I’ve come across.

Very few company management/ board go all their ways to make sure shareholders understand how the company works. One of the exceptions is Allianz. It gives me very good impression.

2024-05-24 22:38

EngineeringProfit

In the first quarter of 2024, FPI reported a revenue of RM153.9 million and a net profit of RM32.4 million, resulting in an EPS of 12.69 sen. And the EPS stays above 10 Sen after another QR

2024-05-24 23:45

jeffrey1166

ya

2024-05-25 20:19

pantor

It is Ok if the management does not disclose much of the info of its clients to the shareholders, as long as it can make good profit, give good dividend, maintain good cashflow and remain cash rich, as is the case now.

2024-05-26 14:46

jeffrey1166

ya div 9% tp can t set 4 above

2024-05-26 18:33

EngineeringProfit

PEG ratio about 0.7 ? Over the past decade, Formosa Prosonic Industries (FPI) has shown notable growth. Analyzing the available data, FPI's earnings per share (EPS) have increased significantly, highlighting a robust performance trend.

In recent years, the EPS growth has been quite strong. For instance, the EPS for 2022 was RM0.42 compared to RM0.39 in 2021, and earlier, it was RM0.21 in 2020 versus RM0.17 in 2019. Over the last five years, the company has achieved an annual EPS growth rate of about 25%, indicating a consistent upward trajectory in its financial performance.

Additionally, the company's dividend payments have also increased, reflecting its growing profitability. From 2014 to 2024, the dividend grew from MYR0.06 to MYR0.23 per share, demonstrating an annual growth rate of approximately 14%.

Overall, FPI has maintained a strong growth rate over the past decade, making it an attractive investment option within the materials sector.

2024-05-26 19:40

DividendGuy67

I just posted an update on FPI here.
https://klse.i3investor.com/web/blog/detail/DividendGuy67/2024-06-13-story-h-159639979-FPI_Update

I like to think there's a majority chance a breakout will soon happen to the upside, but that's not my primary objective - my main goal is to own this stock for its high dividend yield, and if there's a price gain, that's a bonus.

Never be greedy. My position size here is around 3% capital. Not expecting to be wrong, but if it turns out that I'm wrong, then, no major drama - just collect the dividends, and wait for the next high probability setup.

2024-06-13 20:21

jeffrey1166

coming can fly

2024-06-13 23:54

Thirai Thiraviam

EngineeringProfit:
> PEG ratio about 0.7 ? Over the past decade, Formosa Prosonic Industries (FPI) has shown notable growth. Analyzing the available data, FPI's earnings per share (EPS) have increased significantly, highlighting a robust performance trend.

May I know how you calculated the PEG Ratio? I got 0.24, based on the following:

PEG Ratio = PE / 5-Year EBITDA Growth Rate
= 5.73 / 24.3
= 0.24

Are you using a much lower growth rate? If so, may I know why?

> Overall, FPI has maintained a strong growth rate over the past decade, making it an attractive investment option within the materials sector.

I consider FPI as a hardware manufacturer. Not sure why you place it in the materials sector.

2024-06-15 20:47

Thirai Thiraviam

Hi all -- While the FPI's share price has improved considerably in recently months, I remain concerned about its not so impressive top line number. As a result, FPI's PS Ratio now stands at 1.1, well above its historical norm of around 0.7. Is this a course for concern?

I added more when the price dipped recently after the x date. But, the above concern keeps me from adding more, despite FPI trading at such depressed PE Ratio, improving operating margin, and impressive ROIC.

2024-06-15 21:17

jeffrey1166

th use roe and nta to

2024-06-16 13:16

jeffrey1166

price in rm4

2024-06-16 13:16

DividendGuy67

I try not to over-analyze any one stock, because I have too many experiences over the past 3 decades, where I analyzed in great detail (like at least 100 times more detail), thinking I knew the most, but one day, the market threw me a curve that I could never have predicted, notwitstanding numerous detailed analysis everywhere.

In short, as retail investors, we will never ever know everything no matter how much we analyze, research, access to management and board, etc.

Because of these occasional bad past experiences, I have given up owning say 10 stocks or less - it is too few because if I lose 10% capital, it's a lot harder to make it back than losing just 2% or 3% capital.

So, my minimum number of holdings is at least 40 stocks. My experience is I only need to spend 2% of the time to analyze the big picture, and it explains 98% of the results over the long term. In short, I play the statistics. Every stock idea should be capable of being explained in 1 minute. If you can't explain the idea in 1 minutes, I pass.

So, what is FPI's one minute idea?
1. Long term chart - rising
2. Small cap with room to grow.
3. Past 10 years business growth is proven, whether RPS, EPS, DPS and/or NAPS growth - it has proven itself.
4. Speakers business is niche - FPI didn't grow like this over past 10 years if it wasn't doing something right - true next 10 years is unclear, nobody really knows, but the edge is better than 50/50.
5. Excellent financials and balance sheet today and in the past - that's good enough to earn my trust.

In short, it's good enough for me to own up to 2%-3% of capital on this stock. I have no intention to own 10% or 20% capital into this one stock - if you want to own this much, you need much greater assurance than I need, but I doubt the extra 10-100 times more analysis is going to beat the 1 minute statement above in the long run.

Just my 2 sen.

2024-06-16 14:00

DividendGuy67

I forgot to mention what I always look for before triggering which is good valuation, attractive entry price, buy during accumulation zone, can visualize higher earnings and DPS in 5, 10, 20 years time too.

2024-06-16 14:02

DividendGuy67

My reference is the typical institutional investors like unit trust fund managers, insurance companies, banks. All of them are highly diversified, owning anywhere from 50 to 500 different stocks. In theory, they are supposed to be the true experts on analysis of stocks, with the huge professional resources they have, access to management, etc - much more than I have. Yet, they don't invest in 5 or 10 stocks. It's good to ponder why. Because if you read their IB reports, they are always surprised after next quarter or next few quarters. Noone can eliminate surprise by analysis.

2024-06-16 14:08

DividendGuy67

Since I started investing in Bursa, my win rate is pretty good including paper gains/loss. 82% of my stocks investing/trading results in win, only 18% is a loss, and all 18 are paper losses so far which a majority I expect to be temporary.

I suspect my win rate is higher than many professional fund managers. Notwitstanding, I know enough to know that my analysis have limitations, that no matter how good an analysis I do, I will still be proven wrong from time to time.

2024-06-16 14:13

DividendGuy67

Interesting ... out of 54 open stock positions, 13 are losses, 41 winners and the $ winner far offset the losers. I have another 18 mostly trading stocks that I have closed and 18 / 18 are winners with no losers. Total winner 59 / 72 ~ 82%.

The small paper losses are mostly investing positions which include AMFIRST, BAT (trading), CARLSBG, CHINWEL, HEIM, HEKTAR, MAGNUM (trading), MAXIS, PBBANK, RAPID (trading), these 10 are extremely small % loss - I am very confident, with time, they will turn profitable, mostly by doing nothing, but some may require trading (e.g. BAT - cannot keep for too long). The 3 bigger % loss are ARREIT, ASTRO and BESHOM, all 3 are hopeless - don't enter them (I'm not), don't average down (I'm not) - my plan is to just leave them there to die a natural death as they are small. These 3 has VERY successfully reminded me for a long time - a constant reminder - not to buy a stock that is going down - that reminder has successfully enabled my portfolio to keep making new all time highs as a result.

2024-06-16 14:51

jeffrey1166

u total capital is how much @dividend guy

2024-06-16 20:39

jeffrey1166

good fa

2024-06-16 20:39

Thirai Thiraviam

DividendGuy67:
> My minimum number of holdings is at least 40 stocks. My experience is I only need to spend 2% of the time to analyze the big picture, and it explains 98% of the results over the long term. In short, I play the statistics.

I find owning too many stocks tiresome. In my younger days, I was a lot more gung-ho and held numerous positions. However, over the years, I have come to realize that I prefer owning stocks for the long term—at least 5 years—and favour those that are more predictable.

I aim to own around 20 stocks at a time, though there is often some overlap as I trim and gradually exit richly valued stocks while buying those I perceive to be undervalued. Generally, I try not to allocate more than 10% to any one particular stock.

2024-06-17 10:04

DividendGuy67

@Thirai, it's gung ho indeed if you can't cope, but if you can, do note institutional investors prefer to own much more than 50-100 stocks, due to their fund mandate and benchmarks.

Here's 3 examples:

1. PB Dividend Builder Equity Fund. Benchmark = 90% FTSE Bursa Malaysia Top 100 (FBM100) & 10% 3 month KLIBOR. Their benchmark is 100 stocks. Their overseas exposures are USA (10.0%), Taiwan (4.2%), China (2.1%), Korea (1.5%) across many different sectors i.e. their portfolio contains 3 digit stocks.
2. PB Growth Fund. Benchmark = KLCI = 30 stocks; They have exposures in US (7.0%), China (6.0%), Taiwan (1.9%), UK (1.2%) i.e. 3 digit stocks.
3. PB Islamic Equity Fund. Benchmark = FTSE Bursa Malaysia EMAS Shariah Index comprising of 220 stocks. They also invests 8.1% in the US, 4.7% in China, 3.1% Netherlands.
etc.

More important is to avoid large losses, which ever the style.

2024-06-17 15:59

jeffrey1166

tq guys 67

2024-06-17 16:03

Thirai Thiraviam

DividendGuy67:
> It's gung ho indeed if you can't cope, but if you can, do note institutional investors prefer to own much more than 50-100 stocks, due to their fund mandate and benchmarks.

Good for them. I fear I do not have that level of capability or bandwidth, let alone inclination.

2024-06-17 17:07

zzprozaz

Post removed.Why?

2024-07-10 08:51

jeffrey1166

keep buying

2024-07-10 21:19

geary

FPI Monthly Pivot Points Momentum!
S2: 2.72.(My Cost of Capital Employed)
S1: 2.82.
PIVOT: 2.99.
R1: 3.16.
Dis: Buy/Hold at your own Risk.
DY/BY...stock...Not much trading volume!🤞🤓

2024-08-02 22:36

jeffrey1166

can fly

2024-08-04 13:59

Dakewlest

Anyone buying at this price?

2 months ago

jeffrey1166

i keep buying

2 months ago

jeffrey1166

cheap

2 months ago

ryoyagod

Buying for dividend 😋

2 months ago

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