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Weng Keong Chee
FPI is good company, 3.70 may be most recent support. But currently shows no sign of rebound yet, no confirmation candlestick & tech indicators.. could still drop further.
Hope this happen so many ppl can happily buy
Weng Keong Chee
Need to see at market close pls, haha. Now could be investor bargain-hunting. Market open, anything can happen until last minute. No bullish engulfing, no bullish pin bar or anything yet. Rebound nt strong.
Hope retrace further, so many ppl else can collect.
Choong Wc you may refer below Link to study Roland Cor.(IR) Q3 Report 2021. FYI IR is one of the FPI main customer, what i know both company have corporation with contract which IR "Rent" factorys from FPI to run their production. From IR Q3 report mentioned,
June-August(Operation restrictions) :
Attendance: 50%
Production: 56%
Sep-Oct(Resume full operations)
Attendance: 100%
Production: 115%
Thanks Shun tee & Lawrence. Looks like the keyboard demand still high,
and the backlog order is growing too.
This is good for fpi. But not sure how big is this segment for fpi.
Thanks Lawrence for the good info. Perhaps the share price drop is to reflect the 50% operation in this upcoming quarter result. After QR, time to pick up the strong order again.
Based on FPI 2020 report, Roland Corporation occupied 36.6% total sales of FPI, and this year forsee it will keep growing.
Indeed the FPI June- August 2021 sale&profit will get impact due to FMCO lock down in Malaysia. but from IR Q3 presentation slides shown Sep-Oct 2021 they already resume run full production.
I wanna share some info that I know so far, maybe it is just a small message, hopefully it can help you guys.
I heard from outside news, FPI mother company - Wistron already help FPI to get quite the numbers of new order from China Customer. Hence there is the high possibility for the Asia region sales will able to increase.
Another news: as we know Sony factory located at Seberang Perai area going to shutdown, so Sony have some speaker products will direct outsource to FPI (OEM)
1 off gain offset wit stock option exp...0.7mil extra exp charge to tis qtr..tis qtr is purely frm real sales gain...sales higher than previous qtr....
q, although the company got one off disposal gain of property of RM5.6mill,
but it was also offset by RM6.3 million expenses for stock option.
Besides, the plant closed for 1 week because of EMCO. Somemore only 60% workers allowed during FMCO.
With the challenge of material shortage, port delays and
rising commodity and energy prices...
this QR consider very good d... but most important is the demand of speaker and music instruments are still growing...
Weng Keong Chee
Yes i'm still waiting to buy. hahahah. Wait between 3.00 to 3.15 for support level. Told u there's no reversal pattern yet, still gt chance to drop. Unless US market or Fed is giving goood news.
btw, don't keep wishing the price keep dropping here. we have other investors here could be making paper loss now.. respect their feeling. if you want to invest at your comfort level, please just go ahead.
Weng Keng Chee
Sell already for profit, that must be very low, hahah.
Bro, i'm value momentum investor only, not short-term trader. What i was mentioning (drop to 3-3.15) was PURELY based on technical set-up, not simply guess and by no means to hurt anybody. 3-3.15 is my comfort level. I have confidence in FPI, their intrinsic value is more than RM4 (unless business quality deterioriates in future). I would be happy to hold it for long. 好股只怕他不跌。