Market Mover | KHB Rose by 10% on Its IPO Debut

Significantly, KHB published its financial report for the second quarter of 2024 on October 4. The report revealed that the company's revenue for the quarter reached RM23.99 million, with a net profit attributable to shareholders of RM181 thousand and earnings per share (EPS) of 0.06 sen.

About company: KHPT Holdings Berhad's main business includes the manufacturing and sale of automotive parts, with the primary markets being the new car assembly market and the used car maintenance and repair market in Malaysia. The company excels in mold solutions and services as well as metal stamping technology, and produces products such as engine components, body parts, seat structures, and shock absorber parts.

The funds raised, totaling RM21.729 million, will be allocated towards several key areas: purchase of press machines, purchase of automation equipment, renovation of TPG factory, purchase of one overhead crane, working capital and listing expenses.