KLSE: TECFAST (0084)       TECHFAST HOLDINGS BHD ACE : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.295   -0.005 (1.67%)  0.29 - 0.295  2,483,800
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Ann. Date Date Type Designation Name View
26-Nov-2018 26-Nov-2018 RESIGNATION Chairman of Remuneration Committee YAP KOK CHING View Detail
18-Oct-2018 18-Oct-2018 APPOINTMENT Member of Remuneration Committee LAI HUI YEEN View Detail
18-Oct-2018 18-Oct-2018 APPOINTMENT Member of Remuneration Committee KHOR JOE ANN View Detail
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  8 people like this.
StockSniperKing seems like the new oil bunkering business bring in lots of sales to tecfast, might be a great news
31/05/2021 4:07 PM
StockSniperKing SerbaDinamik is doomed, no need to play the game now
31/05/2021 4:07 PM
value8888 Nice , manage to close green.
01/06/2021 4:53 PM
kenjishou2 tecfast gofast!
02/06/2021 4:12 PM
value8888 One step a day , moving forward to the best
02/06/2021 5:23 PM
MasterYoda https://www.theedgemarkets.com/article/techfast-signs-another-marine-fuel-oil-supply-deal-wise-marine-valued-rm146-bil?type=malaysia
02/06/2021 10:04 PM
FutureGains gap up...
02/06/2021 10:19 PM
MrsLee Wow.... Gap up tomorrow...TP42
02/06/2021 10:25 PM
abang_misai No choice. Need to ask you to subscribe rights soon
02/06/2021 10:50 PM
sychern Wtf, seems like old news
02/06/2021 11:36 PM
akmalrizal786 fake news dont trust
03/06/2021 12:58 AM
azfar8 it's not fake, but the old news recycled. are they going to cheat investors forever? stern action should be taken to those who are repeating the old news...
03/06/2021 8:46 AM
sychern Trap, don't buy. Later got right issue.
03/06/2021 9:30 AM
sychern You can't run before right issue anymore
03/06/2021 9:34 AM
nasilemak5 KUALA LUMPUR (June 2): Techfast Holdings Bhd has secured a RM1.46 billion contract to supply a range of marine fuel oils over a three-year period to a Singapore-based integrated marine fuel oil logistics provider.

In a bourse filing, Techfast said its wholly-owned subsidiary Fast Energy Sdn Bhd (FESB) will supply Wise Marine Pte Ltd up to 20,000 tonnes of low sulphur fuel oil, low sulphur marine gas oil and high sulphur fuel oil every month.

The components manufacturing group said this is its second supply contract with Wise Marine. In March, it had signed a RM2.2 billion deal to supply up to 30,000 tonnes of marine fuel oils per month to Wise Marine.

The delivery to Wise Marine commenced in April, with a supply of 10,000 tonnes of marine fuel oils per month, said Techfast.

“Our volume of marine oil fuels supplied has been limited by the availability of bunkering vessels," said Techfast executive director Vincent Tan Wye Chuan in a statement.

"Hence, we have decided to enter into a strategic joint venture, whereby Techfast will fund the purchase of a bunkering vessel to increase our capacity to handle larger supply volumes,” he said.

FESB's joint venture with Wise Marine and Fultonn Marine Sdn Bhd involves the purchase of suitable product tankers and perforing O&G trading activities.

Fultonn Marine is responsible for facilitating the purchase of the vessel, while Techfast is to provide the funding.

“With the new vessel, we are able to expand the group’s supply capacity and deliver marine fuels of up to 50,000 tonnes per month to Wise Marine. This will enable us to secure a larger share of the oil bunkering market in Port Klang, enhancing our revenue streams," said Tan.

To help finance the vessel acquisition, Techfast has proposed a two-for-one rights issue with free warrants to raise up to RM109.1 million.

The group has also proposed the disposal of its wholly-owned subsidiary Techfast Precision Sdn Bhd to raise funds of RM6.1 million cash.

Techfast's share price rose half a sen or 1.61% to close at 31.5 sen, giving the group a market capitalisation of RM124.9 million. The counter saw 9.81 million shares exchanging hands.
03/06/2021 2:09 PM
nasilemak5 Techfast signs ANOTHER marine fuel oil supply
03/06/2021 2:10 PM
nasilemak5 https://www.theedgemarkets.com/article/techfast-signs-another-marine-fuel-oil-supply-deal-wise-marine-valued-rm146-bil?type=malaysia
03/06/2021 2:10 PM
justinwee87 KUALA LUMPUR: Stocks to watch on Thursday include Hibiscus Petroleum Bhd, Techfast Holdings Bhd, Wah Seong Corp Bhd, Datasonic Group Bhd, Computer Forms (M) Bhd and Serba Dinamik Holdings Bhd, according to JF Apex Research.

Spanish oil and gas company Repsol has agreed to sell its exploration and production assets in Malaysia and in Block 46 CN in Vietnam to a wholly-owned subsidiary of Hibiscus Petroleum.

Techfast has secured an RM1.46bil contract to supply a range of marine fuel oils over a three-year period to a Singapore-based integrated marine fuel oil logistics provider.

Wah Seong has secured a contract worth US$39.4mil (RM162.45mil) for the supply of oil and gas processing and compression modules in the African nation of Gabon.

The Ministry of Home Affairs has granted Datasonic an RM39.75mil contract to provide maintenance services for card personalisation centres.
03/06/2021 2:12 PM
justinwee87 https://www.thestar.com.my/business/business-news/2021/06/03/quick-take-techfast-rises-8-on-rm146bil-oil-supply-deal

KUALA LUMPUR: Shares of Techfast Holdings Bhd rose almost 8% in early trade Thursday after securing an oil supply deal valued at RM1.46bil.

The manufacture of fasteners and LED epoxy encapsulant materials rose 7.94%, or 2.5 sen to 34 sen, its highest in four weeks.

Techfast’s wholly-owned subsidiary Fast Energy Sdn Bhd (FESB) will supply Wise Marine Pte Ltd up to 20,000 tonnes of low sulphur fuel oil, low sulphur marine gas oil and high sulphur fuel oil every month.

The supply agreement is effective for three years.

The total contract value for the supply was estimated at RM1.46bil, based on the current market prices.
03/06/2021 2:12 PM
abang_misai Hah. Nobody believes this story
03/06/2021 2:13 PM
abang_misai Those reputable oil companies can’t get this type of contract. Tecfast young ciku small company no experience can secure multi-billon contract. LOL
03/06/2021 2:14 PM
240gpark Techfast seems not strong like previous, but I think on fundamental getting more cleaer compare with previous. Especially oil bunkering part, anyhow the contract also not a very big duel. Is ok to not getting heat. Especially market not so strong on current stage. However techfast slowly getting stable on 0.30. maybe a very good support point to get a small portion . On return I think need to wait a short while. Anyhow , techfast is on transformation stage. Let see what's go next !
03/06/2021 3:07 PM
kenjishou2 another contract in the bag, good sign for tecfast since the company is undergoing transformation right now, more deals is a good thing
03/06/2021 4:28 PM
influenza19 Not very promising...Right issue + oil bunkering is low profit margin business... A least take years to show good profit while hope that oil price did not crash again.
STRAIGHT already has foot print in oil bunkering for 3 to 4 years now, but look with revenue RM 200Million++ while the profit only mere RM700,000 per quarter. The most only RM 2 Million.
04/06/2021 9:45 AM
value8888 Hmmm,guess it will take some time only can reflect to techfast. In fact , there are really transforming to a better stage . Which Is better than previous. Additional recently market is positive to oil sector
04/06/2021 4:40 PM
tonygofly TECFAST (0084) : An Almost Guaranteed 80% Upside?


very informative article, bringing some good insight
04/06/2021 4:56 PM
jayden007 A lot of chicken player traped on 3th of june between 0.34-0.36
I don think the operator will let them out so fast....btw now cuci cuci untill 0.305 a lot ppl cut loss also la...
04/06/2021 8:32 PM
limit_up_soon ini counter Eddie Chai, similar to XOX, Cheetah, MACPIE, KANGER, KGROUP, FINTEC and many more. You ppl very stubborn lo, told many time liao still want to buy and ask can buy or not la. can shot up or not la. can hold or not la. good fundamental, you better sell before it is too late. Those operator is printing the FREE shares and selling to the market now, all the MOUs or contracts are bullshit and just a bait.
05/06/2021 3:28 PM
value8888 Thanks for the reminder.
05/06/2021 6:13 PM
aarowsiewkh (吉隆坡3日讯)Techfast控股(TECFAST,0084,创业板)获得新加坡财团颁发价值约14亿6000万令吉的船用燃油供应合约,同时,透过联营财团购买新油轮开拓油气贸易业务。

Techfast控股周三向交易所报备,独资子公司Fast Energy私人有限公司(FESB),与新加坡的Wise Marine Pte Ltd签署有关协议,为期3年。

按照合约,FESB将为Wise Marine每月提供高达2万公吨的船用燃油。

上述合约价值,是根据“普氏新加坡平均”(Mean of Platts Singapore)市价计算。


这是Techfast控股从Wise Marine获得的第2份供货合同。

同日,FESB还与Wise Marine和Fulton Marine私人有限公司签订联营协议,购买合适的成品油轮。



根据联营协议,Fulton Marine负责促成油轮购买和作为油轮的持有者,而Techfast控股则提供资金。
05/06/2021 8:34 PM
aarowsiewkh 油股趋势最近不错?
05/06/2021 8:35 PM
Citadel9999 haha haha
05/06/2021 8:39 PM
Citadel9999 what a joke
05/06/2021 8:39 PM
abang_misai Invest on false hope. Haha.
06/06/2021 10:49 AM
StockSniperKing when the stock go up, the hope is here
On Fundamental, On trend, Yes, techfast consider not bad with others.
Especially those stock who holding that having heavy drop.
Techfast still able stand at 0.30. Which is a good and healthy line.
06/06/2021 4:17 PM
justinwee87 Well, seems many of the user keep complaint about the xox, cheetah and macpie.
lol, but back to basic. on stock price. Techfast doesn't goreng like most of them and I know most people will blame on the % drop.

I agree what stated on above, techfast could be joke, could be a hope investment but back to supporting statement.

Their Fundamental is getting SOLID, especially on oil and gas.

Unfortunately oil and gas return is slightly slow and not fast money as others but on comparing they are really doing business and making transforming to a better company. For technical, the support line on 30 is strong which a slow sign of rebound.

Well said, if market is bad. Penny stock up down is heavy. but techfast is slow and steady. Why not give a hope investment as the company getting solid ? Make your own study. Not a buy call and Maybe someone will counter what I said , well.....this is just my personal perspective.
06/06/2021 4:41 PM
nasilemak5 Bro, no need to push so many emotion...:p

Those people is only small cat, small fish.

Sell before too late and buy at high price ?

Nobody giving f either when you say 0.30 is support level or transforming stock

They care what news said, what forum said, never study. Ez life, ez investment.

These is all those small fish investment rules. buy high, sell low. All in. blame this blame that.

No pure study. Like srbak drop, supermax drop, every blame until no tomorrow.

wah, when stock price up, all keep quiet. No nid put too much emotional here. Just comment what useful. Is only a forum. not a stock market. Come here sembang sembang trash talk and past your time
06/06/2021 4:54 PM
TP https://klse.i3investor.com/blogs/sss/2021-06-07-story-h1566102169.jsp
07/06/2021 9:31 PM
Albukhary To be honest, If you really think this Marine Fuel Bunkering business can make big money, please look into STRAITS LOGISTIC.

STRAITS has venture into this Fuel Bunkering business 2-3 years ago, and its quarter revenue has increase from Rm50mil per quarter to RM300mil per quarter. However, the company is making very little profit, RM1-2mil per quarter.

STRAITS market cap is RM164mil, it has cash in hand around RM30mil, and quarter revenue RM300mil.

TECHFAST market is RM121mil, very little cash, and quarter revenue RM12mil.

STRAITS has many MNC companies as their direct customer (i.e. Petronas, Repsol, Armada..etc), while TECHFAST has paper contract from Wise Marine Pte Ltd.

If you go to google Wise Marine Pte Ltd, this company seems like don't even have a website, and its paid up capital only SGD100,000. How can a company with paid up capital SGD100,000 award a Billion value contract?
07/06/2021 10:21 PM
AlexChiaWS Mr Albukhari, I have 1question that I dont understand.
Why does Wise Marine need to procure the fuel from Techfast and not straight from a source?
08/06/2021 12:30 AM
abang_misai Haha. The purchase is not a small sum. Direct source need to pay money. Purchase from Tecfast can hutang & write off.
08/06/2021 8:27 AM
value8888 organizations with stable application and technical organization (Especially related with science, marine , fuel,oil and gas ) doesn't nessasary need a website.
08/06/2021 2:17 PM
jonathansiew There's a chance for TECFAST to supply more MGO, up to 50k tons
08/06/2021 2:47 PM
jonathansiew Will be looking forward for the next QR, this O&G will bring in lots of profit for tecfast
08/06/2021 2:48 PM
HappyBuyer Actually abit concern Techfast will be another Serba Dinamik case........
08/06/2021 9:05 PM
value8888 Serba is another case case. Lol...
09/06/2021 4:32 PM
kenjishou2 no need to worry my friend, Tecfast did not have same issue with serba
09/06/2021 4:34 PM
nasilemak5 we will see techfast is really hope soon !
09/06/2021 4:39 PM
StockSniperKing market is quiet and slow today
10/06/2021 4:36 PM
Soonhou03 trap ah u all banker cheat ppl buy in
10/06/2021 7:28 PM

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