Posted by tokhun > 2024-05-02 12:50 | Report Abuse

Feytech Holdings aims to raise over RM201 mil from Main Market IPO at 80 sen apiece

https://theedgemalaysia.com/node/710079

Posted by useramn > 2024-05-08 14:17 | Report Abuse

Feytech should be good right?

Posted by Keqing Tan > 2024-05-10 16:15 | Report Abuse

PAT looking good ~ should be great on listing?

Posted by harryliew > 2024-05-13 12:46 | Report Abuse

Interesting business - as we have growing automotive market, this business is looking good!

Posted by i7investors > 2024-05-15 12:20 | Report Abuse

feytech = pecca

Posted by ZacYXZ > 2024-05-18 11:28 | Report Abuse

fantastic QR result! Annualized EPS 9.64, PE 15x = 1.44 even PE 12x should be at least 1.15! Huat a!

Posted by Al Razzi > 2024-05-18 13:27 | Report Abuse

The qr result is good?

Posted by Laxmana_Damburi > 2024-05-18 18:43 | 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.

Posted by charlie chia > 2024-05-19 00:00 | Report Abuse

Can keep due to cars prospect is still good for next few years

Posted by xenintruth > 2024-05-19 00:09 | Report Abuse

Solid company with good dividends, but can they perform on day 1?

Posted by tokhun > 2024-05-20 12:54 | Report Abuse

can perform la, confirm huat

Posted by LeverageLuminary > 2024-05-20 13:43 | Report Abuse

See Ipo then hantam saja

Posted by potenza10 > 2024-05-20 15:12 | Report Abuse

listing day is tomorrow but my ipo unit still not seen in my cds account? anyone is same like me?

Posted by hisbadr16 > 2024-05-20 17:27 | Report Abuse

same potenza10

Posted by DaHon85 > 2024-05-20 17:30 | Report Abuse

Check tomorrow morning in your cds account. Today only can check in Bursa anywhere.

Posted by SBcoffee > 2024-05-20 17:39 | Report Abuse

only 15.6 times, can fly?

Posted by DaHon85 > 2024-05-20 20:04 | Report Abuse

Look FA, don't just look into OS rate only.

Posted by spartann > 2024-05-20 21:21 | Report Abuse

Longterm RM2

Posted by OKU_2020 > 2024-05-21 09:05 | Report Abuse

BETTER VROOOOOOOOOOOOOM before its too late

Posted by TG13688 > 2024-05-21 09:10 | Report Abuse

Come to daddy !! today close price RM 1.50 !!

Posted by faridfet > 2024-05-21 09:19 | Report Abuse

@SBcoffee 15.6 times os only but can +46%

@DaHon85 is correct, look FA

Feytech is for long term

Posted by TG13688 > 2024-05-21 09:23 | Report Abuse

better in nw , if no too late ...

Posted by areneez > 2024-05-21 10:15 | Report Abuse

not much upsied the IPO . Tak gempak 😐

Posted by xuxu > 2024-05-21 10:33 | Report Abuse

aiyoyo who bought at opening ?

Posted by TG13688 > 2024-05-21 11:17 | Report Abuse

for long term.. we see the future.. come to dady!

Posted by potenza10 > 2024-05-21 12:33 | Report Abuse

keep tight my feytech!

Posted by turbochart > 2024-05-21 15:30 | Report Abuse

Congratulations to all Flyeing Guys😁

Posted by icecool > 2024-05-21 16:49 | Report Abuse

will it go up like sfptech ?

Posted by EngineeringProfit > 2024-05-21 18:07 | Report Abuse

This will fly like Greatech in 2019

Posted by chon99 > 2024-05-22 13:42 | Report Abuse

Feytech's Chinese name is 飞达（ fly to reach) . So you could imagine how ambitious Feytech is.
Feytech is a very profitable cushions and covers manufacturing company. With the increase in population, the needs for vehicles increase too. So also there will be better demand in cushions and cushion covers.

Posted by Vicky > 2024-05-22 23:10 | Report Abuse

https://theedgemalaysia.com/node/712428

Posted by Vicky > 2024-05-22 23:11 | Report Abuse

All is wrong. The fuel subsidy will impact on automotive. Moreover automotive is very competitive. Due to rising cost of living rakyat will go for second hand cars. I beg on these

Posted by star899 > 2024-05-23 00:32 | Report Abuse

The Government's subsidy cuts are targeted at Diesel vehicles. Therefore the whole vehicle markets are not much adversely impacted.
Government's announcement on the salary increments for civil servants would mitigate the negative effects as more civil servants would be able to buy new cars which are essential for traveling to office for the sake of better safety and repair cost savings..
So, the demand for the cushions and cushion covers would still be on the uptrend.

Posted by star899 > 2024-05-23 00:44 | Report Abuse

Other than the civil servants, some of private companies and private individuals would also like to change the old units to new ones for comfort and fuel savings.
Further

Posted by star899 > 2024-05-23 00:54 | Report Abuse

Further companies could claim income tax allowance on new vehicles for commercial usages.

Posted by mf > 2024-05-23 05:31 | Report Abuse

Dow Jones

Dow Jones Industrial Average

39,671.04

-201.95

0.50%

Nasdaq

NASDAQ Composite

16,801.54

-31.08

0.18%

Posted by mf > 2024-05-24 05:17 | Report Abuse

Dow Jones

Dow Jones Industrial Average

39,065.26

-605.78

1.52%

Nasdaq

NASDAQ Composite

16,736.03

-65.51

0.38%

Posted by faridfet > 2024-05-24 12:07 | Report Abuse

飞达 - fly to reach

huat ah

Posted by azrudin84 > 2024-05-24 16:40 | Report Abuse

in one month the price will be 1.50 above.

Posted by cytew > 2024-05-24 19:59 | Report Abuse

Yes, the price will move up above 1.50 within a month

Posted by goody99 > 2024-05-26 11:03 | Report Abuse

the latest QR, net profit 16,882,000

EPS 2.41 sen is based on weighted average number of shares of 699,875,000

EPS 2 sen based on enlarged number of shares of 843.200,000 after IPO.

Posted by troy88 > 2 months ago | Report Abuse

This one has good potential backed by strong growth..

Posted by LeverageLuminary > 2 months ago | Report Abuse

keep collect...

Posted by iCashBooster > 2 months ago | Report Abuse

Feytech is the only IPO who go red for straight 3 days
This give signals, that the company not doing well and a scary counter to put your money in with automotive industry some more.. Stay away and think wisely before jump in

Posted by rr88 > 2 months ago | Report Abuse

Low 1.03
High 1.23
Tp = 1.03 - (1.23 - 1.03) = 0.83
Run for yr life

Posted by iCashBooster > 2 months ago | Report Abuse

1.12 - 1.13, not so convincing this stock will back to ipo price or even lower.

Posted by iCashBooster > 2 months ago | Report Abuse

Basically automotive industry not a good counter

Posted by DaHon85 > 2 months ago | Report Abuse

Time to collect more ticket before go higher soon.

Posted by DaHon85 > 2 months ago | Report Abuse

Today will close higher than tomorrow .. volume slowly in.

Posted by cytew > 2 months ago | Report Abuse

Based on my collected data , it should move up by next week..