The newly formed company in the portfolio, listed and held until today, is losing 25%... Not because the boss's wife is pretty, definitely not, but because they are 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 been expanding its factory, such as the second factory in Kulim, indicating that it is preparing for orders of new car models. In the future, production...

$KUCINGKO (0315.MY)$
still many friend on high rise to sell

$KENERGY (0307.MY)$ TGIF! Booked omakase for tonight