FEYTECH (5322) Overview - FEYTECH HOLDINGS BERHAD

I will keep buying huge amount this stock at cheap price before it rockets.

2024-06-26 07:24

cytew

#Mucomplex, you are making a good choice

2024-06-26 18:22

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

2024-06-26 20:24

garychee8

bought 0.995

2024-07-09 10:34

@garychee8 ramai sudah terciduk

2024-07-09 17:03

tokhun

Buy low sell high

2024-07-10 17:23

liferosak

yo tp 1.32

2024-07-18 09:43

Al Razzi

When qr?

2024-07-18 20:53

stncws

QR PLAY UNTIL 15/8

2024-07-18 21:20

Buy Buy Cheap Cheap

2024-07-22 09:45

Buy now !! QR will release soon

2024-08-12 11:16

lol, u want to distribute ticket to naive buyer ?

2024-08-12 16:41

https://theedgemalaysia.com/node/721685

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 ?

2024-08-12 16:42

jakeT

2024-08-13 23:11

Feytech move today. Back to RM1

2024-08-14 15:19

run for ur life b4 too late, coming down soon

2024-08-15 10:09

Congrat Feytech !!

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

2 months ago

KSHCCM

Results is better than its peers. Good job.

2 months ago

KSHCCM

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.”

2 months ago

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

2 months ago

haha , like CEB, also woman CEO

2 months ago

dont worry, it will come

2 months ago

seem like record low coming :D u have been warned

2 months ago

go go go !! crashing like mad soon

2 months ago

tokhun

monitor closely, getting nearer to buy the dip

2 months ago

almost record low jus now :D

2 months ago

Can entry now...slowly will move upward.

2 months ago

KSHCCM

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

2 months ago

jakeT

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.

2 months ago

tokhun

HOLD ONLY

2 months ago

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.

1 month ago

kai8994

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?

1 month ago

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

1 month ago

kai8994

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.

1 month ago

Any chance to get at 0.60?

1 month ago

if that so 0.60 I will bough more..

1 month ago

will wait till company start buy back or insider buying.

3 weeks ago

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.

3 weeks ago

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

2 weeks ago

faridfet

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.

2 weeks ago

LeverageLuminary

next monday will climb back

1 week ago

Nighelanghelo

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

1 week ago

Michael Kwok

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

1 week ago

EatCoconutCanWin

Globetronic geng mai dah, semua diapa mau kacau.

1 week ago

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

1 week ago