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Palantir
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Continuous setbacks... Will you fight in the future?
The new company in the recent portfolio, which went public, is holding on to a loss of -25% today ... It's not because the boss's wife is pretty, absolutely not, but because I see them starting to make high-profit products ... Feels like a tough battle.
$FEYTECH (5322.MY)$ This company focuses on producing auto parts, and the business is quite interesting, mainly revolving around two core points: automobile seats and car coverings. In simple terms, it is responsible for making the interior and exterior of cars more comfortable, safer, and more stylish.
Automobile seats: From the seat frames to adjustment functions, this company provides a complete set of solutions, accounting for nearly half of the revenue. Car coverings: Parts like roofs and interior panels are also its important business, accounting for the other half of the revenue.
Feytech's products are produced on order (OEM mode), directly supplied to auto manufacturers. Whenever there is a model change, they have to readjust their production, which also determines their income closely tied to customer demand. Their customers are mostly auto manufacturers, who place orders and the company customizes production accordingly. This model has the advantage of stable customers, but the disadvantage is being susceptible to fluctuations in orders. It seems quite heavily reliant on assets... Their income depends entirely on customer orders. Once a customer changes the model or demand decreases, the income is easily affected.
Feytech has recently expanded its factories, for example, in the second factory in Kulim, indicating preparations for new car model orders. With increased production capacity in the future, more orders are expected, leading to a revenue increase. While expanding factories and purchasing equipment seem like preparations for the future, if new orders do not catch up, the cost pressure of expansion may burden the company. #Expansion is a double-edged sword
However, the recent revenue has declined, with this quarter's revenue at 48.98 million ringgit, a decrease of 28.18% compared to the previous quarter. Mainly due to changes in customer car models, fewer orders for old models, and incomplete reception of new orders. This 'gap period' is a short-term issue, and once new car models are in mass production, the revenue should recover. Should... it should...
The pre-tax profit is 9.94 million ringgit, a decrease of 55.27%. There are two main reasons: revenue decrease directly impacting profitability. An one-time cost of 2.02 million ringgit brought by the listing also lowered the profits for this quarter. As for operating cash flow of 8.65 million ringgit, the company's basic operations remain stable. However, net cash outflow from investing activities is 0.114 billion ringgit, mainly for factory expansion and equipment purchases, these investments are for future order growth.
The financial report mentioned new car model orders: expected to start mass production from the end of 2024 to early 2025, which will be a crucial revenue growth point. I also hope to capitalize on the market revolution of electric vehicles. Feytech may have the opportunity to focus on lightweight seats and interior parts, seizing new demands.
$FEYTECH (5322.MY)$ This company focuses on producing auto parts, and the business is quite interesting, mainly revolving around two core points: automobile seats and car coverings. In simple terms, it is responsible for making the interior and exterior of cars more comfortable, safer, and more stylish.
Automobile seats: From the seat frames to adjustment functions, this company provides a complete set of solutions, accounting for nearly half of the revenue. Car coverings: Parts like roofs and interior panels are also its important business, accounting for the other half of the revenue.
Feytech's products are produced on order (OEM mode), directly supplied to auto manufacturers. Whenever there is a model change, they have to readjust their production, which also determines their income closely tied to customer demand. Their customers are mostly auto manufacturers, who place orders and the company customizes production accordingly. This model has the advantage of stable customers, but the disadvantage is being susceptible to fluctuations in orders. It seems quite heavily reliant on assets... Their income depends entirely on customer orders. Once a customer changes the model or demand decreases, the income is easily affected.
Feytech has recently expanded its factories, for example, in the second factory in Kulim, indicating preparations for new car model orders. With increased production capacity in the future, more orders are expected, leading to a revenue increase. While expanding factories and purchasing equipment seem like preparations for the future, if new orders do not catch up, the cost pressure of expansion may burden the company. #Expansion is a double-edged sword
However, the recent revenue has declined, with this quarter's revenue at 48.98 million ringgit, a decrease of 28.18% compared to the previous quarter. Mainly due to changes in customer car models, fewer orders for old models, and incomplete reception of new orders. This 'gap period' is a short-term issue, and once new car models are in mass production, the revenue should recover. Should... it should...
The pre-tax profit is 9.94 million ringgit, a decrease of 55.27%. There are two main reasons: revenue decrease directly impacting profitability. An one-time cost of 2.02 million ringgit brought by the listing also lowered the profits for this quarter. As for operating cash flow of 8.65 million ringgit, the company's basic operations remain stable. However, net cash outflow from investing activities is 0.114 billion ringgit, mainly for factory expansion and equipment purchases, these investments are for future order growth.
The financial report mentioned new car model orders: expected to start mass production from the end of 2024 to early 2025, which will be a crucial revenue growth point. I also hope to capitalize on the market revolution of electric vehicles. Feytech may have the opportunity to focus on lightweight seats and interior parts, seizing new demands.
#Feytech #AutoParts #OEMMode #OrderDriven #NewCarModelOrders #CapacityExpansion #ElectricCarMarket #CostPressure #LongTermGrowth #ShortTermFluctuations
Feytech is a company that relies on customer orders. Recently, due to a reduction in customer orders, both income and profits have slightly decreased. However, its business foundation is relatively solid, as it is expanding factory production capacity and also receiving new orders for different car models, which could potentially lead to growth in the future. In the short term, the company needs to endure this period of reduced orders, and the situation may improve once new orders are in production. Overall, the company is in an adjustment phase, facing challenges, yet also showing potential.
Feytech is a company that relies on customer orders. Recently, due to a reduction in customer orders, both income and profits have slightly decreased. However, its business foundation is relatively solid, as it is expanding factory production capacity and also receiving new orders for different car models, which could potentially lead to growth in the future. In the short term, the company needs to endure this period of reduced orders, and the situation may improve once new orders are in production. Overall, the company is in an adjustment phase, facing challenges, yet also showing potential.
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102718588 : I’m monitoring this stock after I came across it recently because I own PECCA. Feytech surged 10% this morning after they declared a special dividends. What made them to declare it out of sudden?
Jaspherlim_my OP 102718588 : 可能安抚投资者
102718588 Jaspherlim_my OP : You say : May appease investors