Individual and institutional investors, advisors, and analysts are invited to attendTA KHMAU, Cambodia, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Kandal M Venture Limited (Nasdaq: FMFC) (“Kandal” or the “Company”), a contract manufacturer of affordable luxury leather goods with manufacturing operations in Cambodia, today announced that the Company’s management team, including Director and Chairman, Duncan Miao, will present at the Skyline Signature Series™ on Thursday, February 12, 2026, at 11:00 AM ET. This will ...

TA KHMAU, Cambodia, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Kandal M Venture Limited (Nasdaq: FMFC) (“Kandal” or the “Company”), a contract manufacturer of affordable luxury leather goods with manufacturing operations in Cambodia, today announced the appointment of Mr. Fok Yui Kwong as Executive Director and Chief Executive Officer, effective February 1, 2026. Mr. Ngee Woon Lim, who has served as CEO and Executive Director, will cease to serve in both roles effective February 1, 2026. The Company extends its sinc ...

Core Viewpoint - Tapestry, Inc. is poised to report strong fiscal second-quarter earnings, with expectations of continued growth in earnings per share (EPS) driven by a growing customer base and robust performance in the luxury accessories market [1][2][5]. Financial Performance - Analysts anticipate Tapestry will report a profit of $2.16 per share on a diluted basis, reflecting an 8% increase from $2 per share in the same quarter last year [2]. - For the full fiscal year, EPS is expected to reach $5.59, marking a 9.6% increase from $5.10 in fiscal 2025, with further growth projected to $6.18 in fiscal 2027, a year-over-year rise of 10.6% [3]. Stock Performance - Tapestry's stock has significantly outperformed the S&P 500 Index, with a 99.1% increase over the past 52 weeks compared to the S&P 500's 19.7% gains [4]. - The stock also outperformed the Consumer Discretionary Select Sector SPDR Fund, which saw a 12.8% increase during the same period [4]. Customer Acquisition - The company's strong performance is attributed to the acquisition of 2.2 million new global customers, particularly among Gen Z consumers [5]. Analyst Ratings - The consensus opinion on Tapestry stock is moderately bullish, with a "Moderate Buy" rating. Out of 20 analysts, 13 recommend a "Strong Buy," one a "Moderate Buy," and six a "Hold" [6]. - Tapestry currently trades above its mean price target of $132.44, with a Street-high price target of $154 indicating a potential upside of 15.2% [6].

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Core Insights - Kandal M Venture Limited has received new orders totaling approximately US$4.0 million for the Trans 2026 season, bringing total orders for Fiscal Year 2026 to approximately US$17.2 million, meeting expectations despite tariff challenges in 2025 [2][3] Company Overview - Kandal M Venture Limited is a contract manufacturer specializing in affordable luxury leather goods, with manufacturing operations based in Cambodia. The company primarily produces various types of handbags and smaller leather goods [4] Customer Confidence - The orders received reflect the confidence customers have in Kandal's manufacturing capabilities and commitment to quality, with a clientele that includes several globally recognized fashion brands based in the United States [3]

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Group 1 - The company Kandal M Venture Limited reported customer orders totaling approximately US$6,722,000 for the fiscal year ending March 31, 2026, with orders for the Resort 2026 and Spring 2026 seasons meeting expectations [2][3] - The company aims to increase orders and expand its operations to enhance its geographic presence and customer base [3] - Kandal M Venture Limited specializes in manufacturing affordable luxury leather goods, including various types of handbags and smaller leather items like wallets, with manufacturing operations based in Cambodia [4]

Wallets & Infrastructure - Starknet ecosystem supports native wallets like Ready (formerly Argent), Braavos, and Cartridge Controller (gaming only) [1] - Multi-chain wallet support includes Xverse (Bitcoin), Keplr (Cosmos), MetaMask Snap, Bitget Wallet, and Ledger [1] - Starknet bridges facilitate transfers to and from various chains via RocketXexchange, Layerswap, Rhinofi, Orbiter Finance, Owlto Finance, Rango Exchange, Mini Bridge, and Retro Bridge [1] - StarkGate by StarkWare serves as the canonical bridge connecting Starknet with Ethereum, Bitcoin, and Solana [3] - Bitcoin <> Starknet bridges are being developed by Garden Finance and Atomiq Labs [3] DeFi & Trading - Spot trading is enabled through aggregators like AVNU (with DCA and charts) and Fibrous Finance (with batch orders) [1][4] - Decentralized exchanges (DEXs) like Ekubo offer spot trading, DCA, and limit orders [4] - Layer Akira and Remus provide spot trading with charts and transparent order books [4] - Perpetual (Perp) trading is available on Extended (crypto + TradFi pairs, yield farming) and Paradex (separate Starknet appchain, yield farming) [4] - Lending/borrowing platforms include Vesu (Multiply strategies) and Nostra Finance (AMM pools) [4] - Fixed Lend offers an order book for yield (fixed rate + fixed maturity loans) [4] - Opus Money is developing Starknet's native stablecoin (CASH) with triple-yield farming [4] - Endur facilitates liquid staking of STRK and soon BTC [4] Other Applications - Pulsar Money enables social payments [5] - Ready card offers a crypto debit card [5] - Braavos LN integrates Lightning Network for mobile payments [5] - Carmine Options provides European-style options [5] - Unruggable serves as a token launchpad [5] Onchain Gaming - The Starknet ecosystem features various onchain games, including Realms (Age of Empires x Travian), Blob Arena (Pokémon-inspired), Art/Peace (r/Place), Ponziland (DeFi metagame), Jokers of Neon (Poker), Force Prime (Heroes of Might and Magic), Pistols (Cowboy duels), Dark Shuffle (Roguelike deck-builder), Dope Wars, zKube_game (Tetris), ByteBeasts (Tamagotchi), and Evolute (Carcassonne meets Mage Duels) [5] Tools & Resources - Ready Portfolio is a portfolio tracker [5] - AVNU Market is a Dexscreener-like product for Starknet [5] - Starkpulse by AVNU is a Telegram bot tracker [5] - Voyager and Starkscan are block explorers [5]

Core Viewpoint - Kandal M Venture Limited has reported significant growth in revenue and completed a successful IPO, marking a new phase of growth and global recognition for the company [2][3]. Financial Performance - Revenue increased by US$3,214,934 or approximately 23.0%, from US$13,971,743 for the year ended March 31, 2024 to US$17,186,677 for the year ended March 31, 2025, driven by growth in handbag sales and recovery in the global handbag market [4]. - Cost of sales rose by US$3,224,831 or approximately 30.4%, from US$10,604,640 to US$13,829,471 during the same period [5]. - Gross profit decreased by US$9,897 or approximately 0.3%, from US$3,367,103 to US$3,357,206, with a gross profit margin decline of approximately 4.6 percentage points, from 24.1% to 19.5% [6]. - Selling and distribution expenses remained stable at approximately 1.7% of revenue for 2024 and approximately 1.8% for 2025 [7]. - Professional services fees surged by US$822,461 or approximately 1,094.5%, from US$75,147 to US$897,608, primarily due to one-off IPO-related expenses [8][9]. - Net income decreased by US$909,859 or approximately 81.3%, from US$1,119,532 to US$209,673, attributed to increased cost of goods sold and one-off IPO expenses [12]. Cash Flow and Operating Activities - The company generated net cash from operating activities of US$2,134,565 for the year ended March 31, 2025, mainly from net profit of US$228,954 [11]. - Cash inflow was primarily from sales, while cash outflow was mainly for raw material purchases, staff costs, and other operating expenses [10]. IPO and Market Presence - The company completed its IPO on June 25, 2025, selling 2,000,000 Class A ordinary shares at a price of $4.00 per share, with total gross proceeds reaching $9.2 million after the over-allotment option [2][3]. - The IPO marks a significant milestone as the company aims to expand its global presence and enhance production and design capabilities [3]. Company Overview - Kandal M Venture Limited is a contract manufacturer of affordable luxury leather goods, primarily handbags, with manufacturing operations in Cambodia [13].