FEYTECH HOLDINGS BERHAD
KLSE (MYR): FEYTECH (5322)
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Last Price
0.78
Today's Change
+0.01 (1.30%)
Day's Change
0.77 - 0.80
Trading Volume
3,366,500
Analysis
Price Target
A price target is an analyst's projection of a share's future price.
Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.
Last Price
0.78
Avg Target Price
1.32
Upside/Downside
+0.54 (69.23%)Price Call
0
SELL
0
HOLD
2
BUY
| Date | Open Price | Target Price | Upside/Downside | Price Call | Firm | View | Action |
|---|
Discussions
Be the first to like this. Showing 50 of 142 comments
Congrat Feytech !!
Satisfactory result!! Still can maintain 16 million Net Profit.
2024-08-19 21:05
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.”
2024-08-20 09:11
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.
2024-08-28 14:30
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.
2024-09-23 11:52
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?
2 months 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
2 months ago
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.
2 months 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.
1 month ago
wondering why the stock keep dropping, the last QTR report looks good.
Is PROTON cutting local supply chain further?
1 month ago
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.
1 month ago
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 month ago
Dont think it got anything to do with petrol subsidy, pecca, bauto still holding strong. though drbhicom also in downtrend
1 month ago
Jaecoo selling like a hot cake, FEYTECH will be above RM1 next 2 qtr, buy and hold now
1 month ago
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
2 weeks ago
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
1 week ago
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.
6 days ago
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
5 days ago
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;
3 days ago
Teachnical Chart shows that the 20-day MA has cut the 50-day MA's line quite convincingly in today's early morning trade.
Let's monitor closely how it will take on the resistance at 0.785 from hereon. It happens to be touching the 100-day MA's line too.
The moment it breaks above this 100-day MA's line, it will surge very quickly towards 0.85!!
Goodluck guys :-)
2 days ago
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CS Tan
4.9 / 5.0
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
run for ur life b4 too late, coming down soon
2024-08-15 10:09