FINTEC GLOBAL BERHAD
KLSE (MYR): FINTEC (0150)
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Last Price
0.22
Today's Change
0.00 (0.00%)
Day's Change
0.215 - 0.225
Trading Volume
570,800
Financial
T4Q
31-Mar-2021
2020
31-Mar-2021
2019
31-Mar-2021
2018
31-Mar-2021
2017
31-Mar-2021
Discussions
16 people like this. Showing 50 of 27,794 comments
Many already caught at high prices of past years and shareholding slashed down by 30 times. No way to recover initial capital.
1 week ago
Consolidate to make it lighter for easy goreng? NEED TO WORK TO SHOW CONSISTENT EARNING AND PROFIT OR FUTURE PROSPECT.
1 week ago
Received Bursa Statement yesterday through email. Reported I have so many old Fintec Shares X by today rate RM0.165 = Many RM Millions 000,000.00 ....KAYA loh if read according to my Bursa Malaysia CDS Statement of Account for the Month ended 07-05-2024. If I present the copy to the USA or New Zealand Immigration Office, I can get instant approval for Migration straight away. Hahahaaaaa..Suddenly, I became so RICH today. If you do not believe, just go see and check your Bursa Malaysia Statement of Account you just received.
1 week ago
If YTL Power can move 7X higher in 2 years from 70 sen in 2022 to RM 5 in 2024 why can't Fintec move 7X from 15 sen to RM 1.05? Adjusted Fintec NTA now is RM 1.17.
Posted by whistlebower99 > 4 days ago | Report Abuse
Many already caught at high prices of past years and shareholding slashed down by 30 times. No way to recover initial capital.
1 week ago
FINTEC NEED REASON TO MOVE HIGHER. UNLIKE YTLPOWER. YTLPOWER GOT REAL REVENUE. APA FINTEC ADA SEKARANG?
1 week ago
Gloves stocks 1 by 1 keep moving higher eg Harta, Kossan, TopGlove, Supermax, etc. Haters don't know Fintec also join gloves business?
1 week ago
Haters don't know Fintec owns Seacera 32%. Seacera under-valued 5.75 times. NTA 1.15 and Fintec NTA 1.17 now market price under-valued 6.5 times. If you use the Accounting Formulae, 5.75 X 6.5 = 37.375 times. Hahahaaa...
1 week ago
FINTEC interest came back today with 9,542,600 shares done ( 4.83% of the Total Fintec Shares ) close at 18.0 sen. Up 2 sen from yesterday close. Good sign it will go up. Still a long long way to go up. Just the beginning.
1 week ago
25 sen immediate TP
Thanks to Consolidation 30:to 1
NEXT >> BORNOIL to be FINTEC 2.0 ,$$$$$
1 week ago
“Musang King > Fintec today up 0.005 to 18.5 sen. Total units done 2,327,200 steady.”
Like to add, buying of 18.5 sen at 79% and left only 1 seller of 18,600 shares. It is supported by 12 buyers of 718,500 shares at 18 sen. Nice closing and uptrend seen. Hope today the Glove factor will flow into Fintec and lift it higher tomorrow…Happy Trading and TradeAtYourOwnRisk.
1 week ago
Yes. Still very cheap unlike TopGlove, Harta, etc.
Sweetchocalates
Glove stock also..no?
20 hours ago
1 week ago
B3 Prospects (Cont’d)
Industrial nitrile gloves are still facing challenges in the current market situation. There is still potential long terms growth in the industrial nitrile glove industrial segment. Innovation has become one of the good driving forces for a glove manufacturing company to continue to grow. Therefore, we will exercise strict cost control and be cautious in our Glove business while continue to market and increase the sales demand for our medela gloves in Fintec North Americal LLC, a 60% owned subsidiary and Fintec Glove Sdn Bhd, a wholly-owned subsidiary of Fintec Group.
1 week ago
22.5 sen closing today meaning Fintec up 50% from reference 15 sen after share consolidation. Those who voted agree to share consolidation are rewarded.
6 days ago
Impressive Close today at 22.5 sen with 6,262,100 units done ( equal to 187,863,000 old shares transacted before consolidation ) or 3.157% of the total NOSH. Now the Market is acknowledged that Fintec is really undervalued by 5.2 times which is Good to buy as the Net Worth per share is RM 1.17 now after Consolidation. Cheers to all our Supporting Brothers and Sisters in the Market.
6 days ago
FANTASTIC ..50 sen comingg
Thanks to Consolidation...
BORNOIL is RIPE FOR CONSO.....$$$$$
Those old fashioned thought conso is bad is out dated
6 days ago
“BE_GREEEEEDY > …FANTASTIC ..
Those old fashioned thought conso is bad is out dated”
Downtrend, what horse also die…Uptrend, All Fintec horses and related counters gallop gallop and away!! Hopefully. Haha.
“Musang King > …Now the Market is acknowledged that Fintec is really undervalued by 5.2 times which is Good to buy as the Net Worth per share is RM 1.17 now after Consolidation. Cheer”
Come year 2027, the Net Worth will be more with the auto conversion of Fintec-PA i.e. every subscripted ICPS at 8 sen x 30, will be merged with the mother paid up Capital. As seen in Fintec 2Q2024 report page 3 of 16, (Link: https://www.klsescreener.com/v2/announcements/view/6600177 ), ICPS is parked as Equity and Liabilities. Come year 2027, most likely this MYR 17,833k will disappear (added to share capital).
Please also observe, this Consolidation done after the expiration of Fintec-WC, the ‘shouting’ of Billion NOSH will not happen in the near future as Fintec as at now, no outstanding Warrant.
Happy Trading and TradeAtYourOwnRisk
6 days ago
Fantastic, ALL selling pressure absorbed, next hurdle RM0.30 (equivalent to 1 sen before Consolidation).
6 days ago
RM0.30 equivalent to 1 sen before consolidation , 3 sen before consolidation = RM0.90. Die
6 days ago
Fantastic, it takes MYR968,652 to push up after absorbing ALL selling pressure...the pros of Consolidation. The gap from 15 sen to highest 24 sen filled up by speculative $...how much will be pick up eventually? TradeAtYourOwnRisk
6 days ago
“M55555 > RM0.30 equivalent to 1 sen before consolidation , 3 sen before consolidation = RM0.90. Die”
Yes, for those who bought at 3 sen, and not able to get any at 0.5 sen??
If it just reaches RM0.30, which is not far away now, it will be a 100% gain. Managed to get some Fintec-PA at RM0.1 post consolidation, now already in paper gain. So my ‘toilet paper’ is worth RM0.15 with buyers queuing up..hopefully. TradeAtYourOwnRisk.
6 days ago
“Sales > Never going to touch this type of stock.”
Yes, please don't invest in Fintec if looking for a good Dividend as has been loss making for years. Fintec has been issuing ESOS, Private Placement, all forms of RI etc with ‘condition’ during the pandemic period which has since been withdrawn (the ‘condition’). Share Prices have been going downhill until to the lowest of 0.005. Is it ‘missing the boat’, if ‘not touch’ during the lowest; or will it reach the lowest again after Consolidation? Your guess is as good as mine!! Happy Trading and TradeAtYourOwnRisk
5 days ago
TODAY FINTEC IS 0.225 WHICH EQUIVALENT TO 0.0075 CENT. NOT EVEN 1 CENT BEFORE CONSO.
5 days ago
BLee, thanks for your writing above. Come year 2027, the Net Worth will be more with the auto conversion of Fintec-PA i.e. every subscripted ICPS at 8 sen x 30, will be merged with the mother paid up Capital. As seen in Fintec 2Q2024 report page 3 of 16, (Link: https://www.klsescreener.com/v2/announcements/view/6600177 ), ICPS is parked as Equity and Liabilities. Come year 2027, most likely this MYR 17,833k will disappear (added to share capital).
Please also observe, this Consolidation done after the expiration of Fintec-WC, the ‘shouting’ of Billion NOSH will not happen in the near future as Fintec as at now, no outstanding Warrant.
5 days ago
Today Close RM0.225 with 6,990,700 shares transacted ( Equivalent to 209,721,000 old shares done ). 3.54% of Total Shares traded. Today price reaching RM0.24 half time.
5 days ago
“Musang King > BLee, thanks for your writing above.”
Thanks for the appreciation, I will write more if I find more facts and dispel any fallacies.. Also thanks for your Fintec-PA conversion as it will add more funds to Share Capital, lessen the liability, thus improving NTA amid slightly. Since QR cut off reporting at the end March 2024, your contribution can only be seen in June 2024 QR. Let's see if it is correctly reported or otherwise..
Your prediction on Fintec-PA can come true sooner than later as it is in the money considering 11 Fintec-PA can be converted to 8 Fintec mother shares i.e. 15x1.375 equals 20.625 vs present mother price of 22.5.
5 days ago
“Sales > People bought at 0.10 before consolidation, even go up to RM2 also making loose.”
To play/invest in Share Market, you need to start small, and do cost averaging if required. That's the reason I am interested in Preference Share (ICPS PX) i.e. at lower cost, autoConvert upon maturity and with prepaid value. I started Fintec-PA, Focus-PA and Ages-PA around 1 sen buying only around RM1k only. Now, after queuing at half sen or buying 1 sen when there are sellers at half sen during market opening, managed to get millions at half-sen (written an article showing my trades). Only Focus-PA at paper lost now, Fintec-PA averaging slightly above 10 sen and Ages-PA managed to sell 40% at 1 sen and another 40% at 1.5 sen, the remaining 20% holding at cost free..
My ICPS investment started when I noticed a large amount of Focus-PA converted during the big ‘waterfall’. I did a lot of research and wrote a few articles of this ‘waterfall’ just for sharing, and hoping more people understand types of Preference Share. My Preference is (I)rredeemable (C )onvertible type (P)reference (S)hare as (I) is autoConvert, unlike Warrant which expired and (C ) can be converted with cash or PS with built-in value.
I have no fear of Focus-PA Consolidation as seen from Fintec-PA post Consolidation. After Consolidation, as seen, less and less sellers at lower value and chances of selling between 15 sen to 30 sen are more, comparing than buying at half sen to selling at 1 sen with 100% profit (long Q of seller)..Happy Trading and TradeAtYourOwnRisk
4 days ago
“raizalmyinvests > Just stay away from conman company.”
Yes, my clarification on ‘ICPS could be con for others to invest in this type of financial instrument’, therefore I always include a disclaimer: “TradeAtYourOwnRisk”. Everybody has the right to invest or stay away, it is a personal choice. When ‘Profit during Uptrend is not con’. When ‘Lost during Downtrend is con’ is a very normal mentality. Are recent frantic buying of Fintec after Consolidation sign of many been con or otherwise? Your guess is as good as mine!! Agreed, if feel ‘con', just stay away as all counters have investment risk, especially counters at high price above their fundamentals… again ‘TradeAtYourOwnRisk’
4 days ago
"...The gap from 15 sen to the highest 24 sen is filled up by speculative $...how much will be picked up eventually? TradeAtYourOwnRisk"
2 days ago
Let me explain the above statement: If there are more contra players than actual investors picking up if the price did not go higher, price can drop back to 15 sen and below. Nothing about con or no con.. The reverse can also be true i.e. more $ flow in at higher price overcoming the contra player. The risk is 'if' which no one knows.
On the topic of Consolidation, the reduction of NSOH is inversely proportional to share prices and NTA per share, amplified with 'gap' prices.. i.e. 0.005 to 0.01 become 0.15 to 0.30 and NTA per share of 4 sen to 4x30 equals 120 sen roughly..so what is 22.5 sen compared with 30 sen and 120 sen? again TradeAtYourOwnRisk for Buying, Holding or Selling. Own Choice, con or no con..
3 days ago
Why not explain why price from 0.10 went down all the way to 0.005 ( if can go lower it will) . Why there is some many ESOS ,and every ESOS price will be cheaper then the previous ESOS and market price. Will this action repeating soon since now, there is plenty of room to issue cheap ESOS. Can this consider as some kind of con? Investors can only see their holding diluting into smaller and smaller bits and with consolidation its gone into thin air.
3 days ago
“M55555 > Why not explain why price from 0.10 went down all the way to 0.005 ( if can go lower it will) . Why there is some many ESOS ,and every ESOS price will be cheaper then the previous ESOS and market price…”
Please read some articles I wrote after Focus Dynamic “waterfall”, from Billion Market Capital (more than RM2 to few sen), Fintec buying more to defend selling pressure as Focus Dynamic ‘cash rich’ from Focus-PA conversion.
My inaccurate tabulation shows “Fintec acquired Focus D until almost to the point of triggering a General Offer.
Fintec did purchase 282,700,000 Shares collected within 10 days, collection stopped around 6 Sept. 2021?? Major collection, most probably patiently at 4 to 5.5 sen only!!”, could be the reason the drop from 10 sen..
On PP and ESOS, I am speechless as wrote “@Forumer1: 8) Keep issuing PP, SIS even the price at 1 - 1.5 cents. If the BOD really take care of the company, at current low price with high cash in hand, why still want to issue more shares to get cash? is it to the good of the company or got other agenda?
BLee: I am speechless. Please see my article at link:
https://klse.i3investor.com/blogs/BLee_Fintec/2021-10-28-story-h1592921506-Fintec_I_am_speechless.jsp
I am with most Forumers campaign against 'unfair' form of fundraising..”
PP and ESOS are restricted offer, who actually loses if price at 0.005 pre-consolidation?
Article title: Fintec: Few good questions for clarification.
BLee Publish date: Sun, 26 Dec 2021, 02:40 PM
Link: https://klse.i3investor.com/web/blog/detail/BLee_Fintec/2021-12-26-story-h1596407088-Fintec_Few_good_questions_for_clarification
There are a few more articles written, please go through them and comments, criticism and opinion welcome. Happy Trading and TradeAtYourOwnRisk
3 days ago
Let's look deeper on the few QRs, the answer is how Fintec market prices fluctuate up to 10 sen and then come down to 0.5 sen.
It all started from QR 2020-06 to 2021-06, profit for the first two QR of 151.009M and 720.503M, and the next three QR of -61.619M, -143.778M and -980.166M respectively. NTA from a high of 0.9176 to 0.0733. The fluctuation is because of Focus D investment, with one foreign investor pulling out… The rest is all history.
The question is why not sell when there is so much profit. The answer is in the reply to UMA query i.e. ‘BLee: Fintec already answer to Bursa query dated 23 April 2021, the link: https://www.klsescreener.com/v2/announcements/view/3347657
"The Company’s principal activity is in investment of both quoted and unquoted securities. As such, pursuant to the ACE Market LR and Capital Market and Services Act 2007 (“CMSA 2007”), the Company is mandated to hold shares in other public listed companies. FINTEC only owns stakes in these companies which does not entitle FINTEC to exercise control over the management and affairs of these companies.’
Please also understand, $ paid buying shares from the open market did not go into the company account, gaining or losing has nothing to do with the company…it should be the fundamental which can affect the share Prices, only the speculator ‘goreng’ fluctuated the share prices. Happy Trading and TradeAtYourOwnRisk
3 days ago
After consolidation, the NOSH is 198 million. The main intention could also be speculation.
3 days ago
Trading of any share price higher than RM0.3 can give a better indicative / probability whether it can reach the glory of the old day.
3 days ago
“KingDavid > After consolidation, the NOSH is 198 million. The main intention could also be speculation.”
Yes, so many ‘gap’ to speculate after Consolidation…up from 0.15 to 0.30 and downward 0.145 to 0.005; comparing previously 0.005 to 0.01. Is it a Pros or Cons (the true sense)? Consolidation, is it good or bad? $ sense, the same as no $ in-out.
Can someone suggest the disadvantages (Cons in the true sense) and the effect of having less shares? Bear in mind the reduction of holdings is inversely proportional to share price and NTA/share…
3 days ago
BLee, psychologically it has a advantage for speculators to collect more from those who are willing to sell in between 1 cent and 1.5 cent before. It depends on how many shares they can collect below RM0.3, before they are willing to move up further.
2 days ago
“KingDavid > BLee, psychologically it has a advantage for speculators to collect more from those who are willing to sell in between 1 cent and 1.5 cent before…”
Agreed. Previous high volume sell bids, let's say 30 million shares bid to sell at 1 sen, now can Q sell tickets of 30 ticks of 1 million..more marketable for both buyers and sellers. I think that's what you mean ‘before they are willing to move up further.’
2 days ago
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Consolidate so that we don't see up 100% or down 50% like last time.
1 week ago