Prosonic was established in 1989 at Port Klang. One of the major manufacturer of high quality speaker systems in Malaysia. A Public listed Company in Bursa Saham Kuala Lumpur on 17 June 1994. We are located in different location with 2,908,170 square feet in total of land area.
Prosonic is principally involved of producing variety of products which include Home Theatre Audio Systems, Satellite Speaker, High-End Audio Systems, AV Racks, WI-FI Internet Radio, WI-FI Internet Adaptor, Outdoor Speaker, Bluetooth Speaker, Receptor Radio, CD Radio & Car Speaker Series for our Multi National customers brand names such as SONY, JVC, SHARP, BOSTON, AE, PANASONIC & KENWOOD, etc.
We provide coordinated process services ranging from design, engineering till finished goods from our eight companies having core business in manufacturing of electrical and electronic components, as well as complementary activities in sales and service support such as following:
1) Formosa Prosonic Industries Bhd, Port Klang, Malaysia
2) Formosa Prosonic Industries Bhd, Sg. Petani, Malaysia
3) Formosa Prosonic Manufacturing Sdn Bhd, Port Klang, Malaysia
4) Asia Pacific Card & System Sdn Bhd, Port Klang, Malaysia
5) Printed Circuit Board, Port Klang, Malaysia
6) Acoustic Energy Ltd, Cirencester, United Kingdom
7) FP Group Limited, Dong Guan, China
8) Formosa Prosonic Mexico, Tijuana, Mexico
2) Formosa Prosonic Industries Bhd, Sg. Petani, Malaysia
3) Formosa Prosonic Manufacturing Sdn Bhd, Port Klang, Malaysia
4) Asia Pacific Card & System Sdn Bhd, Port Klang, Malaysia
5) Printed Circuit Board, Port Klang, Malaysia
6) Acoustic Energy Ltd, Cirencester, United Kingdom
7) FP Group Limited, Dong Guan, China
8) Formosa Prosonic Mexico, Tijuana, Mexico
Prosonic is constantly striving for expansion and greater automation in its manufacturing processes in order to produce more technically-sophisticated and technologically advanced components, which will allow customers to place a premium on their finished products.
Quality is our spirit! Prosonic has a highly requirements and stringent quality control to ensure the product is produced with best quality for all our Multi National customers. Our products are being manufactured under internal advanced quality system and requirement to meet international MNC's requirements and standards.
Prosonic has a group of experienced engineering team with huge engineering capacity and well equipped facilities. With this capability, it enables Prosonic to step further for Development Team (R&D) to develop new product continuously.As a market leader, Prosonic knows that a good speaker system is not just about a speaker box that produces reasonably good sound, but is also a continuous search for new technology and innovative design.
We are also Accredited by International Quality Standard and make us stronger to compete in the market and build up confident with our customers.
In the past years, we have been awarded by major customers in recognition of Prosonic effort in quality, services, delivery, product reliability and others.
Prosonic proven expertise in the speaker system technology, it is often we consulted to customers on every stage of development, from design, materials up to finished goods.
Backed up by the Company's commitment to stringent quality control, its business thrust continues to be on customer satisfaction, product excellent and research & development.
Quality is our spirit! Prosonic has a highly requirements and stringent quality control to ensure the product is produced with best quality for all our Multi National customers. Our products are being manufactured under internal advanced quality system and requirement to meet international MNC's requirements and standards.
Prosonic has a group of experienced engineering team with huge engineering capacity and well equipped facilities. With this capability, it enables Prosonic to step further for Development Team (R&D) to develop new product continuously.As a market leader, Prosonic knows that a good speaker system is not just about a speaker box that produces reasonably good sound, but is also a continuous search for new technology and innovative design.
We are also Accredited by International Quality Standard and make us stronger to compete in the market and build up confident with our customers.
In the past years, we have been awarded by major customers in recognition of Prosonic effort in quality, services, delivery, product reliability and others.
Prosonic proven expertise in the speaker system technology, it is often we consulted to customers on every stage of development, from design, materials up to finished goods.
Backed up by the Company's commitment to stringent quality control, its business thrust continues to be on customer satisfaction, product excellent and research & development.
FPI Client List,
FPI performance,
From the above, we can see that the company's earning is recovering and getting stronger in the latest two quarter which is eps of 3.7sen and 3.6sen in Q3 and Q4.
The company also just ex a 7sen dividend on 29 Mar 2016 which payment date on 15 Apr 2016. This is the highest dividend paid in the past few years.
From the balance sheet above, the company show very strong cash in hand and 0 short term loans. Total 148mil on hand which is equal to around Rm0.60 net cash per share on hand based on 50sen par value.
In the latest quarterly report posted on 26 Feb 2016, the company total cash is 158mil which is equal to Rm0.639 net cash in hand every shares.
Charting,
The company listed since 1994, highest price hit at Rm1.89 in year 1996 and coming down all the way with trending lower line. This is the second times break above the downtrend line with resistance at Rm1.15. With the current performance and strong balance sheet, can the company come back visit their glory day?
Today the share price have been sell down to lowest 85sen and RSI show is oversold below 10%. I believe is a good entry point for medium term trading while the fundamental of the company getting stronger.
Summary,
Current price Rm0.85
Dividend yield around 8.23%
PE: 9.176
Net cash per share : Rm0.639
Short term target price: Rm1.00
Medium-Long term target price: Rm1.89
Happy Trading!
Regards,
Nick Loke
Sir. Can i ask u. Who is the conpetitors of this company in the same industry?
ReplyDelete☑️DO YOU WANT TO RECOVER YOUR LOST FUNDS ON CAPITAL INVESTMENTS, BITCOIN INVESTMENTS, AND OTHER SCAM TRADING INVESTMENTS ??? TAKE YOUR TIME TO READ🔘
Delete☑️ The COMPOSITE CYBER SECURITY SPECIALISTS have received numerous complaints of fraud associated with websites that offers opportunities for Capital Investments, bitcoin investments and Trading on an Internet-based trading platforms. Most Of The complaints falls into these Two categories:
1. 🔘Refusal to credit customers accounts or reimburse funds to customers:
These complaints typically involve customers who have deposited money into their trading or investment account and who are then encouraged by “brokers” over the telephone to deposit additional funds into the customer account. When customers later attempt to withdraw their original deposit or the return they have been promised, the trading platforms allegedly cancels customers’ withdrawal requests, refuse to credit their accounts, or ignore their telephone calls and emails.
2. 🔘Manipulation of software to generate losing trades:
These complaints allege that the Internet-based Investment and trading platforms manipulate the trading software to distort the Trading prices and payouts in order to ensure that the trade results in a Loss. For example, when a customer’s trade is “winning,” the countdown to expiration is extended arbitrarily until the trade becomes a loss.
☑️ Most people have lost their hard earned money through Scam Investments And Trading, yet they would go and meet fake recovery Experts unknowingly to help them recover their money and they would end up losing more money in the process. This Is Basically why we (COMPOSITE CYBER SECURITY SPECIALISTS) have come to y’all victim’s rescue. The clue is most of these Brokers have weak Database security, and their vulnerabilities can be exploited easily with the Help of our Special HackTools, Root HackTools And Technical Hacking Strategies because they wouldn’t wanna spend money in the sponsorship of Bug bounty Programs which would have helped protect their Database from Unauthorized access to their Database, So all our specialists do is to hack into the Broker’s Database via SQL Hook injections & DNS Spoofing, Decrypt your Transaction Details, Trace the Routes of your Deposited Funds, Then some Technical Hacking Algorithms & Execution Which we cant explain here would follow then you have your money recovered. 💰 ✔️
☑️All our Specialists are well experienced in their various niches with Great Skills, Technical Hacking Strategies And Positive Online Reputations And Recommendations🔘
They hail from a proven track record and have cracked even the toughest of barriers to intrude and capture all relevant data needed by our Clients.
We have Digital Forensic Specialists, Certified Ethical Hackers, Software Engineers, Cyber Security Experts, Private investigators and more. Our Goal is to make your digital life secure, safe and hassle free by Linking you Up With these great Professionals such as JACK CABLE, ARNE SWINNEN, SEAN MELIA, DAWID CZAGAN, BEN SADEGHIPOUR And More. These Professionals are Well Reserved Professionals who are always ready to Handle your job with great energy and swift response so that your problems can be solved very quickly.
All You Need to Do is to send us a mail and we’ll Assign any of these specialists to Handle your Job immediately.
☑️ Below Is A Full List Of Our Services:
* FUNDS RECOVERY ON INVESTMENT AND TRADING.
* WEBSITE HACKING
* CREDIT REPAIR.
* PHONE HACKING (giving you Unnoticeable access to everything Happening on the Target’s Phone)
* CLEARING OF CRIMINAL RECORDS
* SOCIAL MEDIA ACCOUNTS HACKING
☑️ CONTACT:
••• Email:
composite.cybersecurity@protonmail.com
🔘2020 © composite cybersecurity specialists
🔘Want faster service? Contact us!
🔘All Rights Reserved ®️.
Sir. Can i ask u. Who is the conpetitors of this company in the same industry?
ReplyDelete