Quite likely to be oversubscribed by 15X

       

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.

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.

Due to this  FANTASTIC  Quarter  Result / Write  Up ..
.Got  to revise the TP /FV  UP  to RM 2.00 ++....