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About Furniweb Holdings
Its shares trade on HKEX under the ticker 8480.HK. It has been listed since 16 October 2017. In the fiscal year to 31 December 2024, it reported revenue of MYR 191.1m and net income of MYR 9.0m.
Furniweb Holdings Ltd. is an investment holding company, which engages in the manufacturing and sale of elastic textile and webbings. The company is headquartered in Seri Kembangan, Selangor. The company went IPO on 2017-10-16. The principal activity of the Company is investment holding. The principal activities of its subsidiaries are principally engaged in the manufacturing and sales of elastic textile, webbing, rubber tape and polyvinyl chloride (PVC) related products, energy efficiency business. The firm operates through two segments: Manufacturing (the Manufacturing Division), Energy Efficiency (the Energy Efficiency Division). The Company’s subsidiaries include FIPB International Limited, Texstrip Manufacturing Sdn. Bhd., Delightful Grace Holdings Limited (DGHL), Meinaide Holdings Group Limited, PRG Land Sdn. Bhd., Energy Solution Global Limited, Furniweb Manufacturing Sdn. Bhd., Furniweb Safety Webbing Sdn. Bhd. and others. Furniweb Manufacturing Sdn. Bhd. is engaged in manufacturing and sales of upholstery webbings, covered elastic yarn and rigid webbings.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Consumer Discretionary
- Industry
- Textiles, Apparel & Luxury Goods
- Listed since
- 16 Oct 2017
- Employees
- 623
- Website
- furniweb.com.my ↗
Leadership
Pay as last reported
- Dato' Heen Peok LimNon-Executive Chairman of the BoardMYR 81,000
- Ms. Phei Suan HoChief Financial Officer
- Mr. Lim-Fai ChanCompliance Officer, Executive Director, since 2024
- Mr. Boon Lian KangExecutive Director, since 2023
- Mr. Chuan Dyi TanExecutive Director, since 2017
- Mr. Lock Hoo OngSales Director
- Mr. Sim Hak LeeProduction Director
- Ms. Lucy ChengCompany Secretary
- Mr. Tzee Penn NgNon-Executive DirectorMYR 60,000
- Mr. Ming Hon HoIndependent Non-Executive DirectorMYR 60,000
- Dato' Dr. Kok Chung HouIndependent Non-Executive DirectorMYR 60,000
- Dato' Chee Leong LeeIndependent Non-Executive DirectorMYR 60,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Furniweb Manufacturing Sdn. Bhd. specializes in upholstery webbings and covered elastic yarn.
- Furniweb Holdings Ltd. operates through two key segments: Manufacturing and Energy Efficiency.
- Furniweb Safety Webbing Sdn. Bhd. focuses on safety-related webbing products.
Weaknesses
- Furniweb Holdings Ltd. has a limited number of subsidiaries compared to industry peers.
- The company's Energy Efficiency Division is a newer segment with unproven market traction.
- Furniweb Holdings Ltd. has no presence in the European market.
Opportunities
- Furniweb Holdings Ltd. can expand into the North American market for textile products.
- The growing demand for energy efficiency solutions presents a new opportunity.
- Furniweb Safety Webbing Sdn. Bhd. can target the automotive industry for safety webbing.
Threats
- Furniweb Holdings Ltd. faces competition from established textile manufacturers in China.
- The global textile industry is subject to fluctuating raw material costs.
- Furniweb Holdings Ltd. is vulnerable to economic downturns in the Consumer Discretionary sector.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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