ONE EXCELLENT STOCK TO BUY WHEN THE MARKET CRASH!

The disappointing political stance by the government had once again sent our stock market into the red, despite other markets are performing well. Even one well known “sifu” in the market had messaged his/her follower that they are exiting KLSE. Despite the tumbling market, I’m more of a “half-full cup” mentality cup kind of person.

Hence today, I will share with you one undervalued gem that I’m buying aggressively when the market turns red. (Bear in mind, since the market is pessimistic in nature, whatever I share will not be able to push the share price. But just as an act of sharing for our fellow readers.)

Despite what the market pundits has to say about this company, there are some aggressive movements in terms of share price by the management. Why? When money is involved, there must be some attractive in order for these businessman/women to put in their money. And this is exactly why TECFAST (0084) is so attractive at the current valuation.

As you can see, TECFAST did not really have any “stellar” earnings in the recent quarters, but this is mainly caused by their existing sunsetting business. The management had in March, quickly planned for something new – which is an acquisition of an oil bunkering company called CCK PETROLEUM.

Besides, the company also set up another wholly owned subsidiary under the name of FAST ENERGY SDN BHD. Both of these new subsidiary/associate of the company would enable the company to venture into the massive, massive oil bunkering business.

But wait – is oil bunkering really an attractive sector to venture into, or is it just another hoax?

If you had wondered how did ships, or vessels refuel when they are out in the ocean (yes, they run out of fuels occasionally), then the oil bunkering’s concept is easy to understand. Basically, the new business of TECFAST would supply marine gas oil for the ships or vessels, earning the “service fee” and the spread between the oil buying and selling to their clients.

Don’t believe me? No worries, just look at the prediction of market demand for oil bunkering services. I believe you had read several headlines or articles talking about how busy ports are, and how busy the maritime activities are. Yes, they are real, and it will ultimately benefit oil bunkering companies.

Of course, oil vessels that actually carry oil and gas would require the refined product – marine gas oil as a source of fuel, too.

Unfortunately, the share price plunged despite knowing the demand for oil bunkering is increasing. This is mainly caused by the “fear” in the market!

Now, TECFAST will be undergoing a 1 to 1 share split and they NEED the share price to recover to at least 40 cents as the ACE market listing requirement the ex-price to be at least 20 cents. With TECFAST share price of 27.5 cents at LDP, the potential upside could be 45%!

I quote Nickelback – WHAT ARE YOU WAITING FOR?