Formosa Prosonic Industries – Tuned to Hit the Right Notes
We expect FPI to post solid revenue growth for the next two years on the back of (i) new contract order from its existing biggest client and (ii) Roland’s expansion latest by 2020. Entering into FY19 without bulky capex, this may enhance the group’s ability to divvy; we are projecting a dividend yield of 6.2% [...]
