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.
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?
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
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.
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
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
roger3210
5,147 posts
Posted by roger3210 > 2 months ago | Report Abuse
go go go !! crashing like mad soon