6.45pm ... morning ... recording here ONE of the many IPOs that at NEW low ...
while many yelling on the IPOs-mania ... we do see many crashing much lower from the opening ... as many jumped up from the IPO's price in the first day of opening ... but over some period of time ...somehow, many crashing to new low ...and many lower that their IPO-prices!!
question should be : WHY FEYTECH diving so much? Why do we want to buy her?
will it ever recover to ... the IPO level of 80cents. Bear in mind, most IPOs are priced at HIGHER end of the valuations by the under-writers.
Feytech Holdings, a public company based in Malaysia, operates through subsidiaries including Gosford Malaysia, Feytech SB, Trimex Malaysia, Gosford Singapore, and Trimex Australia. Specializing in automotive manufacturing, Feytech produces seat covers, interior part covers, and fully-assembled seats, predominantly serving Original Equipment Manufacturers (OEMs). Key markets are in Malaysia, Singapore, Australia, New Zealand, the US, and the Netherlands, with 97% of its 2023 revenue from Malaysia. Their products cater to both the OEM and after-market segments, involving a network of automotive part suppliers and distributors.
By AM-Invest
Maintain BUY on Feytech Holdings (Feytech) with an unchanged fair value of RM1.32/share based on FY25F PE of 15x, on par with our KLCI target.
Read the biz-model ... it is NOT tech company ya ...
Note : I do not buy auto-related stocks.
so, buy at 50 cents and hold to RM1? how?
TEH
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