AmInvestment Bank Research has initiated coverage on Feytech Holdings Bhd (KL:FEYTECH) with a “buy” rating at RM1.05 and fair value of RM1.32, based on FY2520F price-to-earnings ratio of 15x, on par with its KLCI market rating.

KUALA LUMPUR: Here is a recap of the corporate announcements that could spur trading activity today.

KUALA LUMPUR (May 31): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday: CIMB Group Holdings Bhd's (KL:CIMB) net profit rose 18% in the first quarter from a year earlier as both interest and non-interest income gr...

Feytech Holdings Bhd (KL:FEYTECH), an automotive seat manufacturer listed just last Tuesday (May 21), proposed to acquire a plot of land measuring 9.76 acres for RM19.98 million from DRB-Hicom Bhd (KL:DRBHCOM)’s unit Proton City Development Corp Sdn Bhd (PCDC).

KUALA LUMPUR: Feytech Holdings Bhd’s (FHB) wholly-owned subsidiary, Feytech Sdn Bhd has proposed to acquire a 9.76 acres freehold industrial land in Perak for RM19.98mil.

Acqusition of a portion of the freehold industrial land known as Plot 1 held under master title Hakmilik Sementara Daftar 5 (Hakmilik Pejabat Pendaftar) (formerly known as H.S.(D) 20427), PT 16880, Mukim Hulu Bernam Timor, District of Muallim, State of Perak measuring approximately 9.76 acres in area (425,145.60 square feet) ("Subject Land") by Feytech Sdn Bhd ("FSB or Purchaser"), a wholly owned subsidiary of Feytech Holdings Berhad ("FHB or the Company") ("Proposed Acquisition")

FEYTECH HOLDINGS BERHAD ("FEYTECH HOLDINGS" OR "COMPANY") INITIAL PUBLIC OFFERING OF 252,940,800 ORDINARY SHARES IN FEYTECH HOLDINGS IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED SHARE CAPITAL OF FEYTECH HOLDINGS ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD