Highlights
KLSE: FINTEC (0150)       FINTEC GLOBAL BERHAD ACE : Finance
Last Price Today's Change   Day's Range   Trading Volume
0.08   +0.005 (6.67%)  0.075 - 0.085  155,924,900
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Overview

Market Cap: 235 Million
NOSH: 2,943 Million
Avg Volume (4 weeks):48,955,044
4 Weeks Range:0.07 - 0.095
4 Weeks Price Volatility (%):
40.00%
52 Weeks Range:0.02 - 0.19
52 Weeks Price Volatility (%):
35.29%
Average Price Target:-

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2020 [#2]  |  26-Nov-2020
Next QR | Est. Ann. Date: 31-Dec-2020  |  28-Feb-2021
T4Q P/E | EY: 0.23  |  425.58%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.3651  |  0.22
T4Q NP Margin | ROE: 1,788.86%  |  93.24%

Headlines

Date Subject
28-Dec-2020 审计师辞职事出有因/前线把关
03-Dec-2020 FINTEC (0150) & AT (0072)
03-Dec-2020 PublicInvest Research Headlines - 3 Dec 2020
16-Nov-2020 黄金10年-517-脱售FINTEC环球
04-Oct-2020 大马股票 | 金科全球 | FINTEC | 从零开始了解金科全球 - 少爷兵
17-Sep-2020 Trading Stocks - Fintech Global
07-Sep-2020 PublicInvest Research Headlines - 7 Sept 2020
07-Sep-2020 Mplus Market Pulse - 7 Sep 2020
01-Sep-2020 [转贴] [Video:浅谈FINTEC GLOBAL BERHAD, FINTEC, 0150] - James的股票投资James Share Investing
19-Aug-2020 Is FINTEC-PA a fat frog dancing in the street?
05-Aug-2020 Evening Market Summary - 5 Aug 2020
05-May-2020 Evening Market Summary - 5 May 2020
05-May-2020 Fintec Global – A Deeper Dive leaves more questions than answers - yieldmountain

Business Background

Fintec Global Bhd is engaged in portfolio investment in quoted and unquoted shares. The company’s operating business segments are Technology incubation, Portfolio investment, and Biotechnology. The Technology incubation segment provides management and strategic advisory services, research-related activities and sale of machinery with the objective of commercializing technologies in bio-energy and biotechnology sectors. The portfolio investment segment is engaged in investment in quoted and unquoted shares. The Biotechnology products segment is engaged in engineering, procurement, and technology provision for biomass power plants as well as production and sale of microbial related products.
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Musang King The Edge cover FINTEC.

Turkey Of The Year: The rally in penny stocks and their subsequent plunge
TheEdge Tue, Jan 05, 2021 03:30pm - 4 days ago


IN September this year, The Edge ran a piece titled “Hidden hands behind penny stock surge”, which showed the relationship between 21 companies, all connected via similar shareholders and/or directors and all exhibiting unusual peaks and troughs, jolting share prices for no apparent reason.

Behind these companies is an individual or a small group of individuals controlling things and making a mockery of corporate governance standards.

Interestingly enough, it is understood that there are about 40 companies controlled by the hidden hands.

At the apex of the maze of companies is Fintec Global Bhd, a company that does not have a core business except to act as an incubator. On Fintec’s website, it says, “The name ‘Fintec’ mirrors our motto of ‘financials before technology’, that is, we first and foremost look to the existing and/or potential financial performances of the companies in need of capital injections before all other merits such as technology, business nature and business plan are considered.”

According to its annual report, it has investments in start-ups but it is worth noting that Fintec also invests in several small-cap, publicly traded companies.

Companies under Fintec’s belt include Saudee Group Bhd (21.55%), AT Systematization Bhd (28.29%) and Focus Dynamics Group Bhd (25.04%). There are also companies such as Green Ocean Corp Bhd and Trive Property Group Bhd, in which Fintec has indirect stakes via Saudee Group and AT Systematization. It is also noteworthy that at end-November, Fintec ceased to be a substantial shareholder of NetX Holdings Bhd.

Some of these companies, such as Fintec and AT Systematization, were in the news for announcing new ventures, including into glove making. It remains to be seen whether they are successful in these ventures.

Nevertheless, Fintec’s “jewel in the crown” is Focus Dynamics, which operates seven food and beverage outlets. It mustered a net profit of RM7.26 million from RM42.88 million in revenue for the nine months ended September this year. Despite having accumulated losses of RM40.26 million, Focus Dynamics at the time of writing was trading at 65 sen, giving the company a market capitalisation of almost RM4 billion, and was listed on the MSCI global small-cap indices last month.

Whether such a high market value is justified for a company that raked in RM7 million in net profits is questionable. So far this year, Focus Dynamics’ share price has shot up more than 390% from 13 sen as at end-2019, with no apparent reason for the meteoric rise.

Just prior to this article, Fintec pocketed RM26.74 million in cash, selling 768.15 million of Focus Dynamic’s warrants on the open market.

This year alone, Fintec has completed two share placements and one rights issue with free warrants, raising RM182.6 million. Note that as a reprieve to companies hit by the pandemic, Bursa Malaysia relaxed the rules on private placements, allowing listed companies to place out not more than 20% of the total issued shares, from the existing 10%, until Dec 31, 2021 — subject to shareholders’ approval.

Most of the companies in which Fintec invests are loss-making and small in terms of market capitalisation, and seem to lack a clear business direction or strategy.

Other stocks (besides Focus Dynamics) that have shown simi­lar gains but plummeted include loss-making Anzo Holdings Bhd, a company dealing in timber products that gained more than 1,000% from mid-May to hit a high of 26 sen in July. It closed at 8.5 sen on Dec 23, losing 67% from the peak.

PDZ Holdings Bhd, an ailing shipping company, was trading at one sen in mid-March but, at end-June, it gained more than 500% to reach its peak of 32.5 sen this year — a remarkable feat, considering it is mired in lawsuits and has no significant shipping assets. Closing at 7.5 sen on Dec 23, it is down 77% from the peak.

Meanwhile, loss-making XOX Bhd, which is involved in cellular telecommunication services, gained more than 430% from mid-July to hit a high of 39.5 sen at end-August. In mid-March, XOX was trading at one sen.

Anzo, PDZ and XOX are linked to Fintec via its directors. All three companies have announced corporate exercises, including placements of shares and rights issues.

Meanwhile, Saudee Group’s stock hit a low of eight sen on March 17, but picked up momentum in June to hit a 52-week high of 67 sen on Aug 13, gaining more than 300%. It closed at 50 sen on Dec 23 — down 25% from the peak.

While there is reason to believe that the regulators are indeed looking into the companies and their erratic share price movements, and that the authorities have actually commenced investigations, it is unclear whether there will be any follow-up action aside from an unusual market activity (UMA) query by the exchange.

Posted by alan123 on 10/1/2021 above. Replying to Edwardong53
18/01/2021 5:13 PM
Bgt 9963 Good information.....!
18/01/2021 5:19 PM
thaiR123 Does anyone know the progress of the glove factory?
18/01/2021 5:47 PM
Thanos21 Wow, that's quite alarming
18/01/2021 5:49 PM
AlfI3 May God bless d investors sail thru d adverse write up abt Fintech. Nonetheless, now Fintech is cash rich w funds raised frm d RI for gloves manufac will not b fragiled; but wud excell well inline w the prospective recovery rides
18/01/2021 11:37 PM
Why_ Focus, AT even gain no sell is stable but why must keep loss QR Komark?
20/01/2021 10:28 AM
Why_ Komark(gain >100%) no sell is good? Everyday Komark like drop after free W over.
20/01/2021 10:29 AM
Why_ less than RI 8 sen also good for you?

AlfI3 May God bless d investors sail thru d adverse write up abt Fintech. Nonetheless, now Fintech is cash rich w funds raised frm d RI for gloves manufac will not b fragiled; but wud excell well inline w the prospective recovery rides
18/01/2021 11:37 PM
20/01/2021 10:33 AM
Why_ AlfI3 you just bought <7.5 sen so no complain? Nobody here bought RI 8 sen so happy?
20/01/2021 10:34 AM
Why_ If Jaks RI 22 sen many happy why Fintec RI not same?
20/01/2021 10:36 AM
Why_ If profit RM 700 million last QR only 7.5 sen what if 2021 QR is loss? 7 sen & < next?
20/01/2021 10:40 AM
Why_ last QR BOD said want to reduce gap between NTA and share price what happened?
20/01/2021 11:05 AM
Why_ Fintec facebook so few comments so 8 sen q sell is i3 members?
20/01/2021 11:27 AM
Why_ Top 10 shareholders not even holding 10%?

suraya 25 NOV 2020 FINTEC GLOBAL BERHAD 10 largest shares holder

1.Adamas Finance Asia Ltd 31,840,000 ~ 2.26%
2.Ong Kim Leng 15,920,000 ~ 1.13%
3.Ong Eng Taik 14,270,000 ~ 1.01%
4.Tan Seng Chee 12,000,000 ~ 0.85%
5.Piong Yon Wee 10,200,000 ~ 0.72 %
6.Bu Yaw Seng 9,000,000 ~ 0.64%
7.Ho Ah Chai 6,600,000 ~ 0.47%
8.Teh Bee Khay 6,500,000 ~ 0.46 %
9.Eng Hong Palm Oil Mill Sdn. Bhd. 6,500,000 ~ 0.46%
10.Low Min Hing 6,400,000 ~ 0.45%
11/01/2021 10:47 AM
20/01/2021 11:30 AM
Why_ NTA 91 sen(before RI) vs 7.5 sen BOD did good job?
20/01/2021 11:31 AM
Bgt 9963 Money game counter....!
20/01/2021 11:44 AM
Thanos21 Bgt9963 so true
20/01/2021 2:28 PM
Fintec 7.5 sen done today i3 members sold? Why no more comments to defend?
20/01/2021 3:40 PM
Fintec Go to other forums sure got defenders why none in Fintec? No more Fintec so don't bother?
20/01/2021 3:41 PM
Fintec paultan, Uptrendwave sold who else?
20/01/2021 3:42 PM
Fintec kkl123 also no more?
20/01/2021 3:44 PM
Fintec RI 24.99% oversubscribed but all sold after selling free W?
20/01/2021 3:47 PM
Musang King If Fintec directors not buying Fintec, who dares to buy. 7.5 sen is half sen below RI of 8 sen.
20/01/2021 5:58 PM
Musang King Everybody will be rushing to buy Fintec if the Fintec directors do it first. So simple an answer.
20/01/2021 6:00 PM
bjgdila123 Hampeh BOD
20/01/2021 6:33 PM
Thanos21 Fintec bod kedekut maa..
20/01/2021 8:39 PM
Fintec Why dare not talk other ctr? Is Fintec only 1 kedekut?

Thanos21 Fintec bod kedekut maa..
20/01/2021 8:39 PM
20/01/2021 9:12 PM
ZoomUp https://www.malaymail.com/news/money/2021/01/20/fintec-unit-reaches-agreement-to-supply-gloves-in-europe/1942423
20/01/2021 10:10 PM
Survivor13 rewarded time. Limit up
21/01/2021 8:41 AM
loverguitar18 Hmmm seems like this company makes its profit on paper based on its investment in publicly traded firms like AT, Saudee, PDZ, etc. Ultimately, it has minimal business by itself and not much cash flow. Can it have the potential to go up?
21/01/2021 10:03 AM
AAAwell Heard today operator Nak push above 10c
21/01/2021 10:05 AM
Bgt 9963 Money game..counter...!
21/01/2021 10:06 AM
RJ87 Fintec got glove factory liao mer?

at what stage liao now?
21/01/2021 10:06 AM
jlex11 welcome back the naysayers and sifus.....let see who will prevail...

Cheers guys & good luck..
21/01/2021 10:12 AM
PH_better Many sour grape like PN govn?
21/01/2021 10:13 AM
PH_better RJ87 why dare not ask Inix, Mahsing, etc? They cheaper than Fintec?
21/01/2021 10:15 AM
PH_better PNEPCB gloves what stage RJ87?
21/01/2021 10:16 AM
RJ87 Does that means the yessayers got info? Or just dream in their lalaland?

It's a genuine question. They took 160mil to build a plant. At what stage liao?
The moment first container ship, will bounce to 16sen

jlex11 welcome back the naysayers and sifus.....let see who will prevail...

Cheers guys & good luck..
21/01/2021 10:12 AM
21/01/2021 10:28 AM
RJ87 U ask me...I ask who?

PH_better PNEPCB gloves what stage RJ87?
21/01/2021 10:29 AM
RJ87 Fintec punya volume very de funny...Dunno who is buying and who is selling...

It does feels like a good show coming.
21/01/2021 10:33 AM
AAAwell Ride the trend guys.. Will push it up like AT . Boss already in . Tunggu masa je
21/01/2021 10:34 AM
RJ87 Itu la problem...masa tu bila? CNY coming le...Zzzz
21/01/2021 10:51 AM
Uptrendwave Fintec: paultan, Uptrendwave sold who else?

Fintec, I am still holding tight here :-)
21/01/2021 10:58 AM
RJ87 Uptrendwave, steady pun pipi also...ahahaha...

Dunno if it's gonna bounce. If u plan to breakeven, will hv to average down by collecting at 8sen.
21/01/2021 11:05 AM
Sales Very funny stock with NTA0.91sen.
21/01/2021 11:30 AM
AAAwell RJ tdy also might just rally after lunch...
21/01/2021 11:51 AM
Uptrendwave RJ87 Uptrendwave, steady pun pipi also...ahahaha...

Dunno if it's gonna bounce. If u plan to breakeven, will hv to average down by collecting at 8sen.

RJ87 koko, yes have managed to take up the RI and average down my cost to 0.14 now :)
21/01/2021 12:10 PM
Bgt 9963 Now we got Eddy Chai replacing Soh Chee Wen....in Bursa..!
21/01/2021 12:14 PM
milodinasour who is Robayu Corporation?
21/01/2021 1:31 PM
OracleOfOmaha Hahaha they are forced to hold the investment shares, else nonsense like focus, AT and sanichi will crash. They also used lambo shareholders money to buy kstar
21/01/2021 1:59 PM


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