FPI: 5 Updates That You Should Not Miss

Update 1: As of 2:50am, FPI gained 2.73% or 2.5 sen to 94 sen. 85% of the volume is BUY, signalling increasing interest in this stock.

Update 2: Despite gaining about 4 sen from 90 sen since my last writing on FPI on 4-Jan-2011, FPI's RSI is now only at 60. This means that there is still room for share price increase with 70 acting as Overbought level.

Update 3: According to sources, FPI may release its 3Q2011 result on 11-Feb-2011. This may explain the share price gain recently.

Update 4: I still think FPI is worth RM1.33, representing 41.5% upside. This is based on 9x historical PER.


Update 5: FPI fundamental remained solid with: i) more than 20 years experience in manufacturing high end speaker, ii) net profit jumped 175% in FY2010 and iii) strong balance sheet with net cash of RM81.4m...
 
Watch out this stock, I think the price increase is still in the early stage...