Posted by goody99 > 2024-06-26 20:24 | Report Abuse

AmInvestment starts coverage on Feytech with fair value of RM1.32
https://theedgemalaysia.com/node/716080

Posted by garychee8 > 2024-07-09 10:34 | Report Abuse

bought 0.995

Posted by mucomplex > 2024-07-09 17:03 | Report Abuse

@garychee8 ramai sudah terciduk

Posted by tokhun > 2024-07-10 17:23 | Report Abuse

Buy low sell high

Posted by liferosak > 2024-07-18 09:43 | Report Abuse

yo tp 1.32

Posted by Al Razzi > 2024-07-18 20:53 | Report Abuse

When qr?

Posted by stncws > 2024-07-18 21:20 | Report Abuse

QR PLAY UNTIL 15/8

Posted by DaHon85 > 2024-07-22 09:45 | Report Abuse

Buy Buy Cheap Cheap

Posted by DaHon85 > 2024-08-12 11:16 | Report Abuse

Buy now !! QR will release soon

Posted by roger3210 > 2024-08-12 16:41 | Report Abuse

lol, u want to distribute ticket to naive buyer ?

Posted by roger3210 > 2024-08-12 16:42 | Report Abuse

many IPO this year are doing very well even after crazy sell down early last week, but this stock still being dump with higher selling pressure at the bottom, something not looking good... bad qr ?

Posted by jakeT > 2024-08-13 23:11 | Report Abuse

https://theedgemalaysia.com/node/721685

Posted by DaHon85 > 2024-08-14 15:19 | Report Abuse

Feytech move today. Back to RM1

Posted by roger3210 > 2024-08-15 10:09 | Report Abuse

run for ur life b4 too late, coming down soon

Posted by DaHon85 > 2024-08-19 21:05 | Report Abuse

Congrat Feytech !!

Satisfactory result!! Still can maintain 16 million Net Profit.

Posted by KSHCCM > 2024-08-20 09:10 | Report Abuse

Results is better than its peers. Good job.

Posted by KSHCCM > 2024-08-20 09:11 | Report Abuse

KUALA LUMPUR: Feytech Holdings Berhad, today announced its financial result for the second quarter ended June 30, 2024 (Q2FY24), recording RM16.52 million in profit after tax (PAT) on the back of a revenue of RM68.20 million.

Profitability has remained healthy with gross margins of 39.22% and PAT margins of 24.23% in Q2FY24. For the 6-months year-to-date (H1FY24), the Company has recorded total revenue of approximately RM138.84 million and PAT of RM33.40 million. Accounted in the H1FY24 results was an amount of approximately RM2.02 million recognised as non-recurring one-off listing expenses. The H1FY24 PAT after being adjusted for the listing expenses would be RM35.4 million.

There are no comparative figures for the preceding corresponding period as there is no interim financial report prepared for the comparative period as the Company had only been listed on the Main Market of Bursa Malaysia Securities Berhad on May 21, 2024.

During the quarter under review, the automotive seat segment of Feytech and its group of subsidiaries (Feytech Group” or the Group) contributed RM36.95 million or 54.2% of the total revenue, while the automotive cover segment generated RM31.25 million or 45.8%. For the H1FY24, the Group’s automotive seats segment remained the largest contributor to revenue with 52.7% and automotive covers with the remaining 47.3%.

Feytech executive director and CEO, Connie Go said: “We remain relatively optimistic of our prospects as we still view our long term industry prospects favourably and and are confident of our own competitive positioning in the segment. In a recent statement by the Malaysian Automotive Association, total industry volume is expected to come in higher at 765,000 units as compared to what was projected earlier in the year of 740,000 units. This is in line with some of the other macro-economic data such as national GDP which bodes well for our sector.

“In line with such growth expectations, we intend to continue our drive to expand the business with new customer acquisitions or car models as well as new facilities to support such demand. Since the IPO, we have successfully onboarded new brands such as the Peugeot and Chery for seats and covers on designated models. In terms of charting for new facilities and capacity, we entered into a sale and purchase agreement with Proton City Development for the acquisition of a plot of land in Tanjong Malim measuring about 9.76 acres in area. The acquisition is expected to be completed in the second half of 2025 and will represent the next phase of our expansion for our automotive seats division. We view this as timely as the key growth driver up north in the form of Kulim Plant 3 has begun operations.”

Posted by roger3210 > 2024-08-20 09:37 | Report Abuse

told u feytech is useless, price will continue to drop to new low soon

Posted by roger3210 > 2024-08-20 10:36 | Report Abuse

haha , like CEB, also woman CEO

Posted by roger3210 > 2024-08-20 11:55 | Report Abuse

dont worry, it will come

Posted by roger3210 > 2024-08-22 12:28 | Report Abuse

seem like record low coming :D u have been warned

Posted by roger3210 > 2024-08-22 14:39 | Report Abuse

go go go !! crashing like mad soon

Posted by tokhun > 2024-08-22 17:24 | Report Abuse

monitor closely, getting nearer to buy the dip

Posted by roger3210 > 2024-08-23 11:50 | Report Abuse

almost record low jus now :D

Posted by DaHon85 > 2024-08-23 15:34 | Report Abuse

Can entry now...slowly will move upward.

Posted by KSHCCM > 2 months ago | Report Abuse

Managed to buy some last week at .86 and sold today. 9% gain! Thanks!

Posted by jakeT > 2 months ago | Report Abuse

always remember, when people ask u to sell, think why are they being so good-hearted to ask u sell.

Most of these guys are cybertroopers.

If u think the company is good, buy. Simple as that.

Posted by tokhun > 2 months ago | Report Abuse

HOLD ONLY

Posted by goody99 > 2 months ago | Report Abuse

According to AmInvest, 2HFY24 should see stronger revenue growth as 2H is seasonally stronger period, which follows the general seasonal trend of car sales. However, it will incur margin compression in 2HFY24 due to start-up costs relating to its Kulim Plant 2 opening.

Strong earnings growth prospects with FY24F-26F CAGR of 16

Almost half of its raw materials is imported, so a strong Ringgit will help its margin.

Posted by kai8994 > 2 months ago | Report Abuse

AmInvest forecasted FY2024 net profit at RM63mil & EPS of 7.5sen. But the latest QR shows YTD June 24 net profit @ RM33mil & 6 months EPS is already at 7.97sen. The full year EPS should be around 15sen?

Did I read it correctly?

Posted by goody99 > 1 month ago | Report Abuse

the calculation of EPS used in QR is based on the weighted average number of ordinary shares in the Company of 419.02 mil.
the enlarged number of share after IPO = 843.2 mil
we have to recalculate EPS based on the latest number of shares
roughly, 1HFY2024 EPS = 4 sen based on the enlarged number of share

Posted by kai8994 > 1 month ago | Report Abuse

Thanks goody99 for the explanation.

The presentation is really "misleading", Q1 FS shows weighted average no. of shares of 699m, then in Q2 FS it become 419m.

Posted by Patient Investor > 1 month ago | Report Abuse

Any chance to get at 0.60?

Posted by mucomplex > 1 month ago | Report Abuse

if that so 0.60 I will bough more..

Posted by Patient Investor > 1 month ago | Report Abuse

will wait till company start buy back or insider buying.

Posted by goody99 > 1 month ago | Report Abuse

I just checked its prospectus. One of the risks mentioned was that they were dependent on foreign workers in their operations. Share price drops maybe because the increase of minimum wage. And company may have to contribute to EPF together with their foreign workers.

Posted by Patient Investor > 3 weeks ago | Report Abuse

wondering why the stock keep dropping, the last QTR report looks good.
Is PROTON cutting local supply chain further?

Posted by faridfet > 3 weeks ago | Report Abuse

market outlook for malaysian automative is not good as PMX announced petrol subsidy removal.

This will impact lower car sales that contribute to lower production in general.

Posted by LeverageLuminary > 3 weeks ago | Report Abuse

next monday will climb back

Posted by Nighelanghelo > 3 weeks ago | Report Abuse

ipo at 80c, who's selling at loss?

Posted by Michael Kwok > 3 weeks ago | Report Abuse

Feytech 62.5
Expect wed or onward(6-7/11/24) a buy.if sudden fall below 50 cents a must to get it.
Me expect dap people sell at least usd 2 billion worth of shares since month of august.
1/10/24 3.14pm

Posted by EatCoconutCanWin > 3 weeks ago | Report Abuse

Globetronic geng mai dah, semua diapa mau kacau.

Posted by Patient Investor > 3 weeks ago | Report Abuse

Dont think it got anything to do with petrol subsidy, pecca, bauto still holding strong. though drbhicom also in downtrend

Posted by mucomplex > 2 weeks ago | Report Abuse

@Boneka , mau cedok semua loser. Masa sekarang bagus DCA kayuh pelahan2.

Posted by LeverageLuminary > 2 weeks ago | Report Abuse

Ong ong Feytech

Posted by Bullbursa > 1 week ago | Report Abuse

Jaecoo selling like a hot cake, FEYTECH will be above RM1 next 2 qtr, buy and hold now

Posted by Patient Investor > 1 week ago | Report Abuse

wait for insider to buy only go in.

Posted by newbird33 > 5 days ago | Report Abuse

Moratorium ending on 21 November. Will the promoters cash out?

Posted by spm53 > 1 day ago | Report Abuse

after buying the hse did i realise theres no road going out.

Posted by spm53 > 1 day ago | Report Abuse

bullshit counter