FEYTECH HOLDINGS BERHAD

KLSE (MYR): FEYTECH (5322)

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Last Price

0.565

Today's Change

-0.005 (0.88%)

Day's Change

0.56 - 0.585

Trading Volume

2,823,300

Market Buzz
Discussions
Be the first to like this. Showing 50 of 128 comments

cytew

#Mucomplex, you are making a good choice

2024-06-26 18:22

goody99

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

mucomplex

@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

DaHon85

Buy Buy Cheap Cheap

2024-07-22 09:45

DaHon85

Buy now !! QR will release soon

2024-08-12 11:16

roger3210

lol, u want to distribute ticket to naive buyer ?

2024-08-12 16:41

roger3210

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

DaHon85

Feytech move today. Back to RM1

2024-08-14 15:19

roger3210

run for ur life b4 too late, coming down soon

2024-08-15 10:09

DaHon85

Congrat Feytech !!

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

2024-08-19 21:05

KSHCCM

Results is better than its peers. Good job.

2024-08-20 09:10

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.”

2024-08-20 09:11

roger3210

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

2024-08-20 09:37

roger3210

haha , like CEB, also woman CEO

2024-08-20 10:36

roger3210

dont worry, it will come

2024-08-20 11:55

roger3210

seem like record low coming :D u have been warned

2024-08-22 12:28

roger3210

go go go !! crashing like mad soon

2024-08-22 14:39

tokhun

monitor closely, getting nearer to buy the dip

2024-08-22 17:24

roger3210

almost record low jus now :D

2024-08-23 11:50

DaHon85

Can entry now...slowly will move upward.

2024-08-23 15:34

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

goody99

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

goody99

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

Patient Investor

Any chance to get at 0.60?

1 month ago

mucomplex

if that so 0.60 I will bough more..

1 month ago

Patient Investor

will wait till company start buy back or insider buying.

4 weeks ago

goody99

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.

4 weeks ago

Patient Investor

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

2 weeks ago

Nighelanghelo

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

2024-02-06 07:36

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

2 weeks ago

EatCoconutCanWin

Globetronic geng mai dah, semua diapa mau kacau.

2 weeks ago

Patient Investor

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

2 weeks ago

mucomplex

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

2 weeks ago

LeverageLuminary

Ong ong Feytech

1 week ago

Bullbursa

Jaecoo selling like a hot cake, FEYTECH will be above RM1 next 2 qtr, buy and hold now

1 week ago

Patient Investor

wait for insider to buy only go in.

1 week ago

newbird33

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

3 days ago

spm53

This Carry On Ta FeyKei counter.

1 day ago

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