Foundpac Group Berhad

$FPGROUP / 5277 (FOUNDPAC GROUP BERHAD)
2 weeks later, volume fizzled and back to 33.5sen it goes. High volume earlier probably due to groups with big monies.

$FPGROUP / 5277 (FOUNDPAC GROUP BERHAD)
The past month has seen volume spike for FP Group's shares. Something is brewing.

$FPGROUP / 5277 (FOUNDPAC GROUP BERHAD)
From my chart reading, FPGROUP is treading on risky support ground. A breakthrough downwards may send it to 20sen area.

Nonetheless, the company is still profitable. Still cant find a solid reason to sell.

$FPGROUP / 5277 (FOUNDPAC GROUP BERHAD)
I'm still keeping faith in FPG. Cashflow is still positive, dividends still regularly distributed. Debt free.

Of course, there's a chance for share price to retrace to 35sen, seeing how poor its recent quarters' performance.

But I reckon buying below 38 sen should have sufficient margin of safety. Hey, at least I'm not those who purchased at heights of 90sen!

$FPGROUP / 5277 (FOUNDPAC GROUP BERHAD) is moving with volume, in fact most if not all Tech Stocks. I suspect is the NSS news gaining traction in the public.

$FPGROUP / 5277 (FOUNDPAC GROUP BERHAD): Yet another disappointing performance

Here are some updates on Q3FY24 performance: -

📌 FPGROUP operates in four main sectors: precision engineering, laser stencils, automation, and cables and connectors.
📌 Precision engineering is the primary source of revenue and profit for the company, involved in the design, development, manufacturing, marketing, and sale of stiffeners, test sockets, hand lids, and related accessories.
📌 In Q3FY24, FPGROUP experienced a decline in revenue of 6.95% and 8.7% compared to the previous quarter and the same period last year, totaling RM14.41 million. This was attributed to lower sales in precision engineering, laser stencils, and automation, partially offset by increased sales in the cables and connectors segment.
📌 Export sales continue to be the major revenue driver, accounting for RM9.02 million or 62.59% of total revenue, down from RM10.28 million in the corresponding quarter. This decrease was mainly due to higher sales in the cables and connectors segment, primarily in the Malaysian market.
📌 Malaysia contributes 37.41% of total revenue.
📌 Profit before tax increased by 2.03% compared to the previous quarter but decreased by 35.23% year-on-year. The quarterly increase was primarily due to rental income earned from property acquisition in October 2023, while the yearly decrease was attributed to reduced revenue from the automation and laser stencils segments.
📌 The negative free cash flow in this quarter was primarily due to the acquisition of new property, with Flex as the current tenant.
📌 Even so, the company still in the net cash position with RM30.32 million of net cash.
📌 The management has declare dividend of RM0.01 per share which is same with Q3FY23.
📌 While the performance for FY24 is expected to be less favorable than FY23, management is confident that the company's future business performance will improve based on improved market sentiment and increasing market activity.

FPGROUP - Notice of Book Closure

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

Interim Dividend

Notice of SBB by a Company Pursuant to Section 127 (16) of CA 2016

Immediate Announcement on Shares Buy Back (Amended Announcement)

Immediate Announcement on Shares Buy Back

@wsoh don't think we need any analyst to tell us its semiconductor trend now. look at data. up 16% you. semiconductor turnaround may be faster than anticipated.

since last post, unisem up 20%, kobay up 30%, sam up 20%, as usual rgt berhad just rebounded as well. fpgroup is now a very good value play with 8 cents net cash. MI haven't move yet but will believe MI material business will benefit the most.

top pick for me still goes to unisem for osat first to recovery, kobay in precision, MI for material, rgt for recovery, fpgroup for value play, abit of no brainer.

$KOBAY / 6971 (KOBAY TECHNOLOGY BERHAD) $FPGROUP / 5277 (FOUNDPAC GROUP BERHAD) $UNISEM / 5005 (UNISEM (M) BERHAD)$MI $RGTBHD / 9954 (RGT BERHAD)

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

Changes in Director's Interest (Section 219 of CA 2016) - CHAN BEE CHENG

Change in Boardroom - DATO' SERI ABDUL HALIM BIN HUSSAIN

General Meetings: Outcome of Meeting

@wsoh keeping it here. Feb spending is increasing again 2nd half and 2025. some semiconductor companies have moved, like kobay, unisem, Sam. but personally, this may just be the start of the semiconductor trend. normally last for 2 to 3 years. personally still like Mi for their material business, kobay for turnsround (private placement at 5.50, crazy) and their RE business just completed expended, unisem (osat will recover first before others), sam and rgt for turnaround as well. fpgroup is dropping to quite "value" destination. $KOBAY / 6971 (KOBAY TECHNOLOGY BERHAD) $UNISEM / 5005 (UNISEM (M) BERHAD) $SAM / 9822 (SAM ENGINEERING & EQUIPMENT (M) BERHAD) $RGTBHD / 9954 (RGT BERHAD) $FPGROUP / 5277 (FOUNDPAC GROUP BERHAD)

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

FOUNDPAC GROUP BERHAD ("FOUNDPAC" OR THE "COMPANY") CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED ACQUISITION BY FOUNDPAC SDN BHD (FPSB), A WHOLLY-OWNED SUBSIDIARY OF FOUNDPAC, OF A LEASEHOLD INDUSTRIAL LAND HELD UNDER TITLE NO. PAJAKAN NEGERI (PN) 2759, LOT 5728, MUKIM 12, DISTRICT OF BARAT DAYA, STATE OF PULAU PINANG TOGETHER WITH A SINGLE STOREY DETACHED FACTORY CUM DOUBLE STOREY OFFICE BUILDING ERECTED THEREON FOR A TOTAL CASH CONSIDERATION OF RM41.88 MILLION ("PROPOSED ACQUISITION")

General Meetings: Notice of Meeting

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

Quarterly rpt on consolidated results for the financial period ended 31/12/2023

Change in Principal Officer - MR CHANG JOO HUAT

Change in Principal Officer - MISS ENG HONG AI

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

Additional Listing Announcement /Subdivision of Shares

KUALA LUMPUR: Kumpulan Jetson Bhd, Protasco Bhd, MyNews Holdings Bhd, MCE Holdings Bhd, SMIS Corp Bhd, Epicon Bhd, PT Resources Holdings Bhd, AEON Credit Service (M) Bhd and Foundpac Group Bhd are among the stocks to watch on Friday.

Foundpac Group Bhd is acquiring a piece of leasehold industrial land in Bayan Lepas, Penang, from Bluemetal Sdn Bhd for RM41.88mil.

KUALA LUMPUR: Foundpac Group Bhd is acquiring a piece of leasehold industrial land in Bayan Lepas, Penang from Bluemetal Sdn Bhd for RM41.88mil.