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 > 2024-08-26 12:13 | Report Abuse

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

Posted by jakeT > 2024-08-28 14:30 | 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 > 2024-09-05 16:32 | Report Abuse

HOLD ONLY

Posted by goody99 > 2024-09-23 11:52 | 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 > 2024-09-24 10:33 | 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 > 2024-09-26 16:40 | 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 > 2024-09-27 10:12 | 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 > 2024-10-03 18:38 | Report Abuse

Any chance to get at 0.60?

Posted by mucomplex > 2024-10-03 22:49 | Report Abuse

if that so 0.60 I will bough more..

Posted by Patient Investor > 2 months ago | Report Abuse

will wait till company start buy back or insider buying.

Posted by goody99 > 2 months 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 > 2 months 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 > 2 months 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 > 2 months ago | Report Abuse

next monday will climb back

Posted by Nighelanghelo > 2 months ago | Report Abuse

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

Posted by Michael Kwok > 2 months 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 > 2 months ago | Report Abuse

Globetronic geng mai dah, semua diapa mau kacau.

Posted by Patient Investor > 2 months 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 months ago | Report Abuse

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

Posted by LeverageLuminary > 2 months ago | Report Abuse

Ong ong Feytech

Posted by Bullbursa > 1 month 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 month ago | Report Abuse

wait for insider to buy only go in.

Posted by newbird33 > 1 month ago | Report Abuse

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

Posted by spm53 > 1 month ago | Report Abuse

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

Posted by spm53 > 1 month ago | Report Abuse

bullshit counter

Posted by mucomplex > 1 month ago | Report Abuse

even 0.905 still lower than instrinsic value

Posted by mucomplex > 1 month ago | Report Abuse

Someone manipulates to keep the price lower, but still I buy more.

Posted by Zazzyy > 1 month ago | Report Abuse

be patient . it will reach 80 and then 90 & 1.00 .

Posted by Michael Kwok > 1 month ago | Report Abuse

Feytech 72 cents.U see it up.please read wht is truth.other say how much there earn but not even a single thumb print in i3 or written anything.got some crazy people i ask buy genetec 80-1.00.suddenly there run away.wei now rm 1.20+++ please prepare to sell.
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 garychee8 > 1 month ago | Report Abuse

WHAT nonsense are you writing????

Posted by amywo > 1 month ago | Report Abuse

https://theedgemalaysia.com/node/736462

Posted by SharehlderOppression > 1 month ago | Report Abuse

Feytech Tampoi
Feytech Kulim
Feytech Tanjung Malim

Posted by Boneka > 1 month ago | Report Abuse

FEYTECH's venture into the overseas markets is a strategic move in the right direction!

Ini sebab munasebabnya: -
"The global passenger car seat market size was valued at USD 42.5 billion by 2023 and is expected to reach USD 46.1 billion in 2030, at a CAGR of 1.1% during the forecast period 2023 to 2030.The increasing stringency in regulations and safety standards for vehicles, technological advancements & innovation in the seating segment, and increasing focus on electric vehicles and others are driving the passenger car seat market. Asia Pacific and the Americas will remain the top regional market for this product."
https://www.marketsandmarkets.com/Market-Reports/passenger-car-seat-market-73473193.html

Posted by mucomplex > 4 weeks ago | Report Abuse

Someone try hard to bring the price lower and shake the weak hand.

Posted by Patient Investor > 3 weeks ago | Report Abuse

https://theedgemalaysia.com/node/737603

Bermaz Auto is facing rising competition in the sport utility vehicle and electric vehicle segments, dragging on its earnings outlook.
Sales of Mazda vehicles could fall by 19%, while that of Kia could grow at a slower rate, according to the research house’s projections. Overall, Bermaz Auto’s core earnings in FY2025 could decline 37% to RM222.1 million, or 19.1 sen per share.

Posted by Boneka > 3 weeks ago | Report Abuse

Mazda's punya masa sudah lalu...wakaka
Kini, kita mengalu-alukan PROTON e.MAS 7 SUV;
"The cheapest e.MAS 7 will be priced at RM105,800 (S$32,000), while a top-of-the-range model will retail for RM123,800."
Local automotive analyst Nicholas King said the low cost may spur the government’s electrification plans.
“The price... is sure to shake up the local EV market,” said Mr King, a senior editor at car website KeyAuto.my.

https://tnp.straitstimes.com/news/world/malaysia-launches-first-locally-made-electric-proton

Posted by Savvy88 > 3 weeks ago | Report Abuse

WHY I AM BULLISH ON FEYTECH?
1) Needless to say, it has solid FA and TA;. Watch closely for the bullish breakout where the 20-day MA crosses the 50-day MA!!
2) Importantly, the insider (ABRDN) had been actively buying at the 0.66 - 0.67 levels. Do you think they will allow the price to drop back to these level again???;
3) Domestic & overseas front looks favourable to Feytech;

Posted by Boneka > 1 week ago | Report Abuse

TERKINI - eMAS 7
"2500 unit terjual. Fuh..... 2minggu jer 😉"
https://m.youtube.com/watch?v=zmeosnI1EyE

Posted by Zachzach > 1 week ago | Report Abuse

Feytech tp??

Posted by Savvy88 > 1 week ago | Report Abuse

TP = 1.70, based on a forward PE of 20 to 22 of 8sen per share;

1) From the low of 0.525 to 0.825 (adjusted prices) = 30sen gain. That's a gain of 57%!
2) This is the exponential nature of the beast. Next gain will be another 30sen followed by another 30sen and so forth....
3) Bearing in mind that FEYTECH’s prospect is one of a steep & sharp growth!
4) Going forward, the recent JV with China’s WUHU RUITAI AUTO PARTS CO LTD will mean additional expanding capacity to meet international demand and hence superfluous profitability;
5) As anticipated, the share price is reacting ahead of time! It’s no wonder why ABRDN has been buying from the 0.66 - 0.67 levels;