Noted. BLee. Thanks for your clarifications. Yes, JJPTR posted an old article. Just hope our Fintec can one day go up to 30 sen a share. Kakakaaa

My sole purpose of writing this article is to inform all my readers why I sold all my Prestar, Leon Fuat and AYS to buy plantation stocks which are producing CPO. ------Yes, buy AZRB for they have huge oil palm plantations and lands. Now still trading at 21 sen per share.

alan123 : Trading stock also got receivables?
Receivables can it be bad debt and written off later?

True. Why got Trade Receivables in the first place. When we sell shares, we got our money within 2 days. Confusing really this Fintec Account. ???

Qtr to Qtr - Investment Securities up 48 Mil., Plant & Equipments incurred 24.6 Mil., Sold Short Term Investment 29 Mil. Cash at bank also dropped to 3 Mil as at date 31/12/2022. Accruals to pay 11 Million. Luckily, there is sufficient amount of 53.7 Millions Receivables to pay the Payables for the time being.

Crazy. People are buying 2.5 sen for CAP newly relisted on Friday. Truly conman company now NTA at Negative -3.0 sen yet inactive company. Might as well buy Fintec at 1.5 sen with positive NTA, and actively investing as an investment holding company. Hahahahahaaaa

In the current quarter ended 31 December 2021, the Group registered a revenue of RM10.6 million, resulting from the
selling of marketable securities. The Group recorded a loss of RM42.4 million in the current quarter ended 31 December
2021. The loss was mainly due to the fair value loss on the marketable securities of RM38.5 million. There is no preceding
year corresponding period comparison due to the change in the financial year end from 31 March to 30 June.

https://fb.watch/bsjWVqF3n4/ Receiving updates from Fintec via facebook.

I queue to buy at 1 sen. Tak bolih dapat. I hope someone sells to me too.

ESOS’s is dumping:- 500k..,500k…500k… many many rounds today....sato - possible because of the 20 millions latest ESOS figure.

Sellers sell at 1 sen today because of fear factor i.e. The Ukraine Russia War. Nothing lah. Russia attacks Ukraine because the Ukraine Opposition Parties asking Russia for help. Like once DSAI asking the Phillipines Rebels to attack Sabah the Pre-2018 era.. Kakakakkaaaa

Funny isnt it? More than 500 millions shares queued up to buy at 1 sen everyday. Fintec still have to issue ESOS at 1 sen today. ?????

How do you know the final results? Unless you are an accounting staff working inside.

gghaha if you want to know how much losses or gains that Fintec suffers or enjoys, just get the cost of acquisitions for Netx, Seacera and Focus Dynamics and compare them to the current market prices. Roughly we can see Fintec performances for the quarter. My rough idea only.

TODAY THROWING OF 1.0 SEN SHARES IN MILLIONS SHOWS THEIR OBJECTIVE AGAIN AND AGAIN. HOW TERRIBLE? HOW SAD? THEY SHOULD BUY. NOT THROW.

BLee and pineapple123. I too concur with you both. Happy Chinese New Year of the Tiger. May we all prosper together and May Blessings to all Malaysians holding on to all your stocks and prosper as well. May this Tiger year roars and brings new height to our KLSE and Bursa Malaysia.

pineapple123, you have posted 6 questions to me. Honestly I cannot answer to you for I am not part of the Fintec Management or Directors. Even if I answer you, it is only my guess works, So better let the Management and Directors answer you why they have no money to own any Fintec shares. Maybe still too expensive to buy, I think.

So fast Chinese New Year is here for us all to celebrate. I am taking this opportunity to wish everybody a Very Happy and Prosperous Chinese New Year 2022. HAPPY NEW YEAR & KONG HEE FATT CHOY to all my i3investor friends. May the New Year brings great wealth, good health, peace and excellent happiness to the Whole Wide World. _/\_ _/\_ _/\_ _/\_ _/\_ _/\_ /\_ _/\_ _/\_

TODAY I WROTE INTO THEIR FACEBOOK COMMENTING : Now Fintec is at its LOWEST. I am appealing to the Management of Fintec to buy back Fintec Shares on and off to stabilize its own share prices rather than stabilizing other Groups shares. DO NOT ISSUE anymore ESOS in Fintec as it hurts the investors confidence even more.
If the Management has any new updates that Fintec has, do share them into their Facebook and Linked-In. Investors like me can see you are genuinely updating and providing latest information to us as Investors. Thank you very much.

BLee. Thanks. Yes, Get what you mean. Applause. Do continue sharing.

My opinion on Fintec is :
1. As at Market Price of 1.5 sen now, Fintec is very safe to buy in now by looking at their Current NTA, Current Funds they have as at Balance Sheet provided and their Investment activities.

2. They may have issued and offered a lot of PP and ESOS up to date but as I think in Good Faith, they are doing for the benefits of the Group but at the painful expense of the Current Shareholders Reserve Fund because Fintec were issuing PP and ESOS at a Discount and not at a Premium.

3. The current depressed Market is extremely bad for the Whole KLSE and Fintec is not spared as well. But if you have bought other KLSE shares in the Market earlier, you also may have lost a lot, I am sure. So be just as understandable that Fintec investments into other PLCs will suffer the same consequences.

4. Just sit back and relax for the KLSE to recover in the near future. Nothing is permanent in this world. Stocks will rebound but just wait, if you have the holding power. Buy more if you have extra money. Do not borrow to buy.

5. Now Fintec is at its LOWEST. I am appealing to the Management of Fintec to buy back Fintec Shares on and off to stabilize its own share prices rather than stabilizing other Groups shares. DO NOT ISSUE anymore ESOS in Fintec as it hurts the investors confidence even more.

6. Any new undates that Fintec has, do share them into their Facebook and Linked-In. We now can see if you are really genuine in providing informations to us as Investors.

No, Pls continue writing. You certainly gave me a lot of insights. Thank you both BLee and alan123 in advance. Please do not stop sharing. We may make some mistakes sometimes. We are all humans. Not God. I applause both of you. Please do not stop sharing. TQVM.

Finally, the manufacturing plant for Nitrile examination gloves in Chemor, Perak has reached 90% completion and is also currently in the mid of test run on the lines to assure that all formers operate smoothly with the framing structures, where latex, acid and alkaline will involve before the official commissioning start of all lines.
#FintecGlobal #FintecGlove
As reported in their Facebook dated 15-Jan-2022.

https://www.linkedin.com/company/fintec-global-berhad/

https://www.fintec.global/

Fintec website is actually the above, not as stated in their Annual Reports.

FINTEC continues to nurture a good relationship with our investors and consistently provides sufficient sustainability
disclosures and generated economic growth to enable shareholders to prosper with the Company’s continuous
improved revenue and profits. The new venture of the glove business will provide employment opportunities to the
community in Chemor, Perak and business opportunities to the relevant industry players involved in construction of glove
manufacturing facility that will enable to spur the economic growth despite the current downturn. Due to the Covid-19
pandemic, only hybrid Annual General Meeting with investors on the Company’s performance and prospect were held.
The Board continues to implement the identified sustainability initiatives to ensure effective governance processes to
drive key investment decisions, working capital and source for new business/investment opportunities.


Even their website http://www.fintec.global/ leads you to Fintech Banking ???????

Its OK BLee. Actually we made a lot of assumptions for Fintec as these assumptions may be wrong . Its OK as we lack of feedback from Fintec Management. We are all buying into Fintec at our own risk. If only Fintec Directors are more open and transparent, we would be happier.

Wow, BLee. You have my applause for posting Fintec interest in AT Group in great details. Thank you very much indeed. For me I am just doing guessing work. Anyhow, I do believe Fintec is now at its lowest level. Anyone interested to buy Fintec now is sure to gain in a long term. I am booking my bid for 1 sen everyday but only managed to get 2 millions by chance a few weeks ago. Hope to get more if someone sells. Happy investing, everybody. Cheers if you have the holding power.

alan123. It is just my opinion. Fintec sold AT Glove away has its own decision we do not know. You are correct alan123. Fintec has a lot of cash surplus, why should Fintec sell away AT? Fintec does things always in secret and in a weird way. I concur with you alan123. Selling AT at 3 to 4 sen and buying back Fintec shares is just my own presumption. Just ignore my crazy opinion. Hahahaaa..

Why Fintec was forced to offer ESOS now at 1 sen as it was a promise earlier, I believe. As you can see, there are so many buyers now waiting to buy at 1 sen. The amount of shares bidding at 1 sen is more than 550 millions today 21/1/2022.

As I say, today at 1 sen or 1.5sen a share, it is your GOLDEN OPPORTUNITY TO BUY into FINTEC now.

Just unforfunate sato. The ESOS and PP have had to be exercised even when our market went southwards as it was a promise and commitment earlier. If the economy was good, Fintec ESOS and PP prices would follow the market prices of that day. So unfortunate. Sato. Sorry to hear your story.

I believe we will have the Pendulum swing for Fintec when our economy recovers.

https://klse.i3investor.com/blogs/BLee_Fintec/2021-10-10-story-h1591992307-Fintec_The_pendulum_swing.jsp

https://www.agrobank.com.my/

Congratulations to YM Tengku Ahmad Badli Shah for being appointed as the Agro Bank president recently and that's the reason why he has to let go his directorship in our Fintec Group lately. He may help FINTEC later on when his position as President of the Agrobank stabilizes later. My Heartiest Congratulations to YM Tengku Ahmad Badli Shah and wishing him well and every success in his new endeavour and a prestigious position. Bravo to him and to all us.

From my investigation, Fintec vide AsiaBio acquired 421.600 millions AT Glove shares on 18 May 2020 vide a Right Issue of 4.0 sen.according to the 2020 AT Annual Report.

Fintec acquired AT Glove at 4 sen in May 2020 but sold recently between 3-4 sen.. Lost 1 sen OK mah. But must help to buy back or spring up own Fintec shares now at 1.5 sen. Current situation strategy OK to me coz market now is so down while Fintec is now at its lowest. There are currently bidders for more than 550 millions shares daily at 1 sen and Fintec buying back its shares for 1.5 sen is reasonable as its NTA is now at 0.087 sen a share as reported at the MalaysiaStock.Biz site.

YES. Sell all AT shareholdings at 3.5 sen and buy back own Fintec shares at 1.5 sen - A GOOD MOVE. At least you are helping your own Fintec shares. I agree. If buy other than Fintec, I do not agree. Hope Fintec directors are doing the correct move.

https://klse.i3investor.com/insider/substantialShareholderNoticeOfCeasing/0072/20-Jan-2022/13951_752617300.jsp

Not so true as you think Sifu Yew Yin. Leon Fuat might give you a surprise back kick by declaring hidden bad debts which every Steel Suppliers have that they never declared all these while.

Its normal lah. You help me. I help you.

LGE at last is worthy of his position as an Opposition. But DSAI still diam diam. No sound from him as a Leader.

Yes, such convenient access may mislead the public to trade "on impulse".

Bravo. Singapore Government is on the Right Move.

FINTEC is now the CHEAPEST STOCK in the world. 1 sen per share. Just sell 1 lot any DOW share, you can buy ten of millions of Fintec Shares in Malaysia. So what are US investors waiting for? Golden Opportunity abound in Malaysia. Cheap stocks every where in our country Malaysia.

I help you. You help me. Okay.

True. Thats why you can see so many Hundred Millions queing to buy at 1 sen. But Strange enough, Fintec auto management ( non human ) still issue ESOS at 1 sen lately. What a JOKE?

When Fintec issues ESOS or PP, the company gains a little due to more capital inflow to the company but we feel very unfair to the current shareholders who have to share their old current capital reserves with the new ESOS or PP holders thus reduces the Net Worth Per share of the old shareholders. I understand that Company issuing ESOS or PP has to follow the price of the latest current 5 days average of the market prices of the listed shares. If the current market condition is bad, issuance of these ESOS and PP surely depresses the market prices of their own shares further. Thats why our Fintec prices keep falling from 11 sen to the current 1 sen over the period of all these issuances. Are issuance of these ESOS and PP our company's commitments or private promises that we must keep issuing them? If yes, why such issuances or offers to the ESOS or PP investors and their names are never mentioned for us to see as we are their current shareholders. I cannot see in anywhere in Fintec books or records that who and who are their new ESOS or PP shareholders. ESOS means Employees Share Option Scheme but I can never see who and who bought in the new ESOS offers all these while. WHY so secret about this. Some more no one directors are involved in any of Fintec's ESOS. HOW WEIRD? So far, NO DIRECTORS are holding any major shares in the Fintec Group after so many ESOS exercises. ANOTHER WEIRD OCCURANCE? I hope Fintec be transparent and let us know who buys into such ESOS or PP schemes so far. ANOTHER WEIRD MOMENT is there are more than 500 millions willing BUYERS in the OPEN MARKET for the period for 1 sen Fintec shares BUT WHY, Fintec still needed to offer 1 sen ESOS shares to the latest batch to their new ESOS investors amounting to 20 millions only on the 13/1/2022 where there are 500 millions shareholders waiting willing bidders waited to buy at 1 sen in the Open Market. SO WEIRD !!!!!!!?????

Agree with you, BLee. Conversion for Preference Shares to Mother Shares are not so straight forward, Anyhow, with Fintec Pref Shares existence, the proposal of any Fintec Consolidation is now difficult. So obvious still, Fintec has to deal not only with the existing Pref Shares but with 3 other Warrants ( i.e. WA,WB & WC) outstanding.

Sooner or later, Taiwan will be united with China. Just wait for a while. When there is a wish, there is a way.