Laxmana_Damburi

Laxmana_Damburi | Joined since 2020-01-30

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Stock

2024-05-18 18:22 | Report Abuse

KUALA LUMPUR (May 17): Main Market-bound automotive seats manufacturer Feytech Holdings Bhd (KL:FEYTECH), which is slated to float its shares on Bursa Malaysia next Tuesday (May 21), posted a net profit of RM16.88 million in the first quarter ended March 31, 2024 (1QFY2024).
In an exchange filing on Friday, Feytech said it logged revenue of RM70.65 million during the quarter under review, driven by sales in automotive seats and cover segments. Earnings per share stood at 2.41 sen.
There are no comparative figures for the preceding corresponding quarter as this is the first interim financial statement announced by the company to comply with Bursa’s listing requirements.
On its outlook, the company believes that its prospects in Malaysia's automotive seat and cover industries are favourable, on the back of the automotive industry’s recovery and long-term growth prospects.
It added that the company's prospects will also be supported by customer sales, competitive positionin, and business strategies.
Feytech is principally involved in the manufacturing of automotive seats, automotive covers for automotive seats and interior parts such as door ornaments, steering wheels, gear knobs, handbrake handles and consoles.
Its customers include Mazda Malaysia and Kia Malaysia, as well as Tier 1 automotive seat and interior part manufacturers, which serve automotive vehicle original equipment manufacturers (OEM).
As part of its initial public offering (IPO), Feytech is offering 252.94 million shares, including an offer for sale of 109.62 million and 143.32 million new shares at 80 sen a piece.
Its IPO raised some RM114.65 million from the issuance of new shares. The bulk of the proceeds of about 18.4%, or RM21.13 million, will go towards constructing a new corporate office with new manufacturing plant and warehouse while 16.4%, or RM18.76 million, will go towards construction of the new Kulim Plant 2. 10.1%, or RM11.6 million, has been earmarked for land acquisition, while the remaining 55% has been allocated for working capital, buying new machineries and listing expenses.
Additionally, proceeds from the offer for sale of existing shares, equivalent to 13% of the expanded share capital, will go to two existing shareholders Tan Sun Sun and Go Yoong Cheng, both of whom are executive directors.
The company is expected to have a market capitalisation of RM674.56 million with an enlarged share capital of 843.2 million upon listing.

Stock

2021-07-29 18:05 | Report Abuse

Berangan tak salah tak kena baya pn, yang masih gila nak pangku jwtn dlm pd ms sama dh hilang majoriti, bikin Agong murka lagi, yg tu patut tambat kt pokok kelapa, kasi makan kerengga, wakakaakaa...

News & Blogs

2021-01-29 05:57 | Report Abuse

Morning guys... Please add me too. thanks.

Stock

2020-12-29 04:02 | Report Abuse

All are same, except casino. That one u need to go to Genting or Marina Bay Sand Spore, hahaha

News & Blogs

2020-11-22 02:56 | Report Abuse

Add me too, Thanks...

Stock

2020-09-03 13:27 | Report Abuse

lion still sleepy... working hard late nite, lol...

Stock

2020-09-01 16:07 | Report Abuse

Yeah, waiting for so long already for oil to rebound once again...

Stock

2020-08-24 15:35 | Report Abuse

Fly again... limit up

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2020-08-24 14:59 | Report Abuse

Heavy collecting...

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2020-06-26 17:09 | Report Abuse

Yeah big volume coming after 4.50pm...

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2020-06-15 10:51 | Report Abuse

The price wont last long, means it will go up or pullback? Thank u.

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2020-06-10 20:22 | Report Abuse

Stop playing racist bro, it is not healthy for ur mind, please...

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2020-06-10 20:12 | Report Abuse

Any idea what will happen tomorrow? Need to hold or sell when reaching target profit?

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2020-06-10 08:21 | Report Abuse

Morning everyone... Let's fight together, tight up ur seat belt, we are going to fly right now.

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2020-06-08 20:38 | Report Abuse

Thanks YTH888 for sharing good knowledge and tremendous experience with us, anak2 ikan puyu, hahaha...

Stock

2020-06-07 20:46 | Report Abuse

Hahaha... i like ur motto, wear glove use oil, sapu semua, hahaha

Stock

2020-06-07 05:07 | Report Abuse

Hebat PakTua ada kebun durian, hahaha... Dah berbuah kasi tau, lepas PKP bole serbu, hahaha

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2020-06-05 10:41 | Report Abuse

Heng ahhhh

lets make 52 weeks record history today. TP RM1.00

Stock

2020-06-05 10:38 | Report Abuse

Acostec going to make 52 weeks higher high today

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2020-06-05 10:37 | Report Abuse

Acostec is getting crazy right now, come come...

Huat ah!, Heng ah, Ong ah!

Stock

2020-06-04 07:45 | Report Abuse

I need paktua73 guide.
laxmana_damburi@ELT#0.905

Stock

2020-05-30 11:26 | Report Abuse

Now we know, there's a lot of silent traders who admired PakTua very much hahaha...

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2020-05-30 09:25 | Report Abuse

ok i found it, hahaha

Stock

2020-05-30 09:24 | Report Abuse

How to use i3 Messanger? Really sorry bloody newbie here, hahahaha

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2020-05-30 09:15 | Report Abuse

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Laxmana Damburi

list of being added, just volunteer to paste

Stock

2020-05-30 09:14 | Report Abuse

Paktua, please add me also, I'm really impressed and excited to become one of ur loyal and humble apprentice follower. Thanks in advance.

Stock

2020-05-29 17:21 | Report Abuse

Congrats to all K+sian... see u on Monday, hope for another great battle next week. Happy holiday everybody.

Stock

2020-05-29 09:49 | Report Abuse

manyaaakkkk ontong maaa, Huat ah...

Stock

2020-05-29 09:43 | Report Abuse

What time they will come back to fly high again??? Hahaha... cannot eat my breakfast maaa, busying concentrate on the price movement, hahaha.

Stock

2020-05-29 03:36 | Report Abuse

Waaa Morning, early wake-up Paktua. Hope today will be another huat day for all of us. Let's fight together, Paktua will lead us in this battle.

Stock

2020-05-28 16:09 | Report Abuse

Alhamdulillah... I got some extra duit after raya.

Huat ah! Heng ah! Ong ah!

Stock

2020-05-27 18:41 | Report Abuse

Still ok compare to IOI Corp, among the biggest conglomerate in Malaysia with revenue more than RM2B, but net profit ONLY RM100k, hahaha... No Bonus this year, hahaha.

Stock

2020-05-23 18:04 | Report Abuse

Bangang style but with sweet profit, I LIKE, hahaahaha...

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2020-05-23 17:59 | Report Abuse

Thank u Mabel... Happy holidays everyone.

Meeeeeeooooowwwww...

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2020-05-23 17:52 | Report Abuse

Thanks a lot Paktua for sharing with us something really inspired and motivated strategic plan as a newbie trader.

Wishing u and everyone here, the HLT's Fighter,
'SELAMAT HARI RAYA AIDILFITRI, MAAF ZAHIR BATIN'

See u around next week in another battle of trades. Drive carefully...

Stock

2020-05-21 16:52 | Report Abuse

Heng aahhhh... Already got my duit raya. see u guys

Stock

2020-05-21 16:32 | Report Abuse

Waaa.... KUB spike like crazy man...

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2020-05-21 16:12 | Report Abuse

ok see ya..

Stock

2020-05-21 16:11 | Report Abuse

Huat ah! Heng ah! Ong ah!

Raya money in the making, hahahaha...

Stock

2020-05-21 16:00 | Report Abuse

0.37 already... luckily entered @ 0.345 just now, huhuhu

Stock

2020-05-21 15:27 | Report Abuse

Suddenly the price hike like crazy after qr report released, hahahaha...

Stock

2020-05-20 02:41 | Report Abuse

Steady Paktua... I follow, hahaha

Stock

2020-05-19 08:21 | Report Abuse

What a story Paktua... I'm glad to read something from u, it's really inspired me, maybe others also. U r really my sifu a far from a distance. maybe someday after this lockdown season, we can have some ngeteh session and learn something form well experience investor like u, hopefully...

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Stock

2020-05-13 08:10 | Report Abuse

It seems to look like there are many newcomers with a comment below than 100 here, including me, hehehe. Welcome all, Carepls will be an institution for us all to learn and trade more in the future. Salute to all seniors, u are all our sifu, and thanks for the knowledge and info sharing together with us. Congrats to all Careplusian. Hope today will be another profitable day for everyone here.

Huat ah ! Heng ah ! Ong ah !.

Stock

2020-05-12 09:28 | Report Abuse

Huat ah ! Heng ah ! Ong ah!

Stock

2020-05-08 16:26 | Report Abuse

Yeah... Raya money coming

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2020-05-06 11:40 | Report Abuse

So any idea what to do? Sell, hold or what? Thanks in advance...

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2020-05-06 10:39 | Report Abuse

Cannot drink coffee today, puasa meh, hahaha

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2020-05-05 16:33 | Report Abuse

Fuh... Bravo Paktua.