Formosa Prosonic Industries Bhd is a Malaysian based company. Together with its subsidiaries the company is engaged in manufacturing and sales of speaker systems, investment holding, provision of system development and solutions for business software. Its reportable segments are Malaysia and United Kingdom with the majority of the revenue generated from Malaysia.Its product portfolio includes wireless speaker products, conventional speaker products, musical instrument products and acoustic products. It also offers services including design services, manufacturing services, supply chain support and quality systems.
Current Price vs Intrinsic Value
- Current share price (as of 24 Sep 2018): RM1.52
- Intrinsic Value:
- RM0.61 (including 25% MOS) – conservative
- RM1.69 (no MOS) – more optimistic
- Strong resistance expected at RM2.00 per share
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