Foundpac Group is a company which is a very strong company fundamentally. Their main business includes precision engineering (design, development, manufacture, marketing and sale of stiffeners, test sockets, hand lids and related accessories, which also used to facilitate the testing of ICs related to 5G and semiconductor.
The company has been in good turnaround profit since 2019, with high profit margin of 30%. Cash = RM51Mil as compare to total liabilities of RM5Mil.
Their demand are basically evergreen coming from 3 main catalyst:
1) 5G
2) Semiconductor
3) 12 new machines arrived and start to operate in june 2019, in 2016 only have 19 machines (bought machines from IPO money). thus, higher output which lead to higher revenue if demand sustainable
The company has been in good turnaround profit since 2019, with high profit margin of 30%. Cash = RM51Mil as compare to total liabilities of RM5Mil.
Their demand are basically evergreen coming from 3 main catalyst:
1) 5G
2) Semiconductor
3) 12 new machines arrived and start to operate in june 2019, in 2016 only have 19 machines (bought machines from IPO money). thus, higher output which lead to higher revenue if demand sustainable