Posted by sanjanx > 2021-03-15 10:06 | Report Abuse

wow... gap up

Posted by jinghee > 2021-03-15 10:06 | Report Abuse

2.2billion contract is very big to tecfast with issue shares only 250mil. Anyone know their profit margin?

Posted by PatienceIsKey > 2021-03-15 10:07 | Report Abuse

start at 0.575..huhu!

Posted by Edwardong53 > 2021-03-15 10:16 | Report Abuse

Why are there so many selling when everyone knows the company has acquired BIG contract ??? Typical scenario... Iris, Vivocom, etc

Posted by LycanD > 2021-03-15 10:17 | Report Abuse

If news is useful, everyone tycoon now.

Posted by HannahM > 2021-03-15 10:17 | Report Abuse

Short term profit taking. Those intra and contra players. They’re not swing or position trader, they have no patience.

Posted by akhukum > 2021-03-15 10:18 | Report Abuse

profit taking, they dont care selling high vol,, later they reenter

Posted by Mickeymoose > 2021-03-15 10:19 | Report Abuse

they pushing it down for u to collect

Posted by warrenG > 2021-03-15 10:20 | Report Abuse

What company is Wise Marine ?? a paid up capital 100k 3 years old company able to purchase RM2.2b or 700m worth of oil ? Didnt even have website or building. Fishy

Posted by bulldog > 2021-03-15 10:23 | Report Abuse

Accumulation in progress

Huat chaiii

Posted by hahalol > 2021-03-15 10:26 | Report Abuse

you all tricked laaaa, this same company as XOX Kanger and Anzo, they use proxy only, if you know then you know , go search the Singapore company, never exist, just a shell lololololol enjoy!

Posted by akhukum > 2021-03-15 10:40 | Report Abuse

hmm, it really is fishy,, like kanger

Posted by shlyw > 2021-03-15 10:40 | Report Abuse

Techfast bags RM2.2b contract to supply marine fuel oils
TheEdge Mon, Mar 15, 2021 10:22am - 16 minutes ago


KUALA LUMPUR (March 15): ACE market-listed Techfast Holdings Bhd has bagged a contract worth an estimated RM2.2 billion to supply a range of marine fuel oils over a three-year period to Singapore-based integrated marine fuel logistics provider Wise Marine Pte Ltd.

Techfast’s unit Fast Energy Sdn Bhd (FESB) has inked a supply agreement with Wise Marine for the contract, which includes the supply of low sulphur fuel oil, low sulphur marine gasoil and high sulphur fuel oil, it said in a statement today.

Under the agreement, FESB shall supply 10,000 to 30,000 metric tonnes (MT) of marine fuel oil per month, bringing the full-year total supply to up to 360,000 MT.

It said the contract value was derived based on monthly delivery of 30,000 MT and using the current average selling price of low sulphur fuel oil of approximately US$500 (RM2,056) per MT as reported by S&P Global Platts in Singapore.

In a statement, Techfast executive director Vincent Tan Wye Chuan said the project will expand the group’s revenue streams and is expected to contribute positively to the group’s financial performance over the next three years.

“The group’s financial standing will also be enhanced with the completion of our recently announced proposed private placement exercise of 75.3 million new shares at an issue price of 37.5 sen, which will raise gross proceeds of RM28.2 million.

"This will enhance our financial capabilities to undertake this project,” Tan said.

He added that currently, there is port congestion at Port Klang as well as other major ports in Malaysia as a result of an increased number of vessels arriving at the ports.

"With this new contract, we are well positioned to ride the demand surge and post-pandemic recovery of the O&G (oil and gas) industry. O&G activities are expected to ramp up this year with increased demand for oil, driven by more economies opening up as governments implement mass Covid-19 vaccination programmes.

"We anticipate marine fuel prices to rise following the return of Brent crude oil prices to pre-pandemic levels, which are now trading at the US$60-US$70 per barrel range. This bodes well for the continued expansion of our new oil bunkering business.”

The contract is expected to commence in the second quarter of 2021.

Techfast was last traded at 51 sen, valuing it at RM127.99 million.

Posted by Freshbreakout > 2021-03-15 10:43 | Report Abuse

Hahalol open account here just to talk trash on tecfast and comparing this company with lousy and lost making company like xox, kanger and anzo.

Posted by HannahM > 2021-03-15 10:46 | Report Abuse

Why people comparing this company with xox, kanger? Do you guys even look at this company’s fundamental? I’m seriously worried at how you guys choose counter to trade

Posted by Freshbreakout > 2021-03-15 10:48 | Report Abuse

Slowy price climb up is healthy. Slow and steady tecfast!

Posted by khpwwl > 2021-03-15 10:48 | Report Abuse

they choose goreng counters to trade....

Posted by nixonteh85 > 2021-03-15 10:49 | Report Abuse

potong kepala

Posted by LameBlame > 2021-03-15 10:49 | Report Abuse

Can anyone share Wise Marine's company details. Not trying to talk shit but I'm also a shareholder just trying to be careful thanks

Posted by Ikanbilis999 > 2021-03-15 10:50 | Report Abuse

haha real or not 2 billions wor, like vivocom

Posted by Needluck > 2021-03-15 10:50 | Report Abuse

looks like more to pump and dump...

Posted by Alvinsim > 2021-03-15 10:50 | Report Abuse

This stock can buy ?

Posted by bulldog > 2021-03-15 10:52 | Report Abuse

Continue to accumulate

Huat chaiii

Posted by Freshbreakout > 2021-03-15 10:52 | Report Abuse

Ok now cheap already. Those who miss boat can start collect. This is what you guys wanted when you trash talk this counter

Posted by Needluck > 2021-03-15 10:54 | Report Abuse

maybe down back to square later..

Posted by hengonghuat88888888 > 2021-03-15 10:55 | Report Abuse

aiya.. bought @55. now more cheap =.=

Posted by akhukum > 2021-03-15 10:56 | Report Abuse

it's just opinion, I sold already at 0.56, bcause flashback of kanger suddenly remind me to be careful,, now still researching on this company and the singaporean company further,, what's your opinion of Wise Marine guys?

Posted by Willtolive > 2021-03-15 10:57 | Report Abuse

Small company to supply few billion worth of fuel in 3 years. It is outperforming Shell traders.

Really kah? Really kah? Really kah? Really kah?

Posted by happyhigher > 2021-03-15 10:58 | Report Abuse

Slow and steady counter. Healthy. Not goreng pump n dump here

Posted by Needluck > 2021-03-15 11:01 | Report Abuse

can check last year November spike up and then drop as a reference..., just cautious..

Posted by Needluck > 2021-03-15 11:03 | Report Abuse

might create for the volume there to run....

Posted by Needluck > 2021-03-15 11:08 | Report Abuse

shark mau dump 0.525 again?

Posted by Needluck > 2021-03-15 11:09 | Report Abuse

dump liao..

Posted by sten_still > 2021-03-15 11:09 | Report Abuse

boring...

Posted by Needluck > 2021-03-15 11:10 | Report Abuse

ikan bilis makan lagi, jialat...

Posted by kentrade888 > 2021-03-15 11:15 | Report Abuse

Techfast获22亿合约 供应船用燃油
TheEdge Mon, Mar 15, 2021 11:05am - 8 minutes ago


（吉隆坡15日讯）创业板上市公司Techfast Holdings Bhd获得一项价值约22亿令吉的合约，将在3年内向新加坡综合船用燃油物流公司Wise Marine私人有限公司供应一系列的船用燃油。

Techfast今日在文告中指出，子公司Fast Energy私人有限公司（FESB）已与Wise Marine签署供应协议，其中包括供应低硫燃油、低硫船用柴油和高硫燃油。

根据协议，FESB每月将供应1万至3万吨的船用燃油，全年供应量高达36万吨。

该集团表示，合约价值是基于每月3万吨的交付量，以及标准普尔全球普氏（S&P Global Platts）低硫燃油目前约每吨500美元的平均售价得出。

Techfast执行董事Vincent Tan Wye Chuan在文告中说，该合约将扩大集团的营业额来源，预计将在未来3年对集团的财务业绩作出贡献。

“集团的财务状况也将得到改善，因为我们已完成最近公布的私下配售7530万新股的活动，每股37.5仙，这将筹集2820万令吉。”

“这将增强我们承接该项目的财务能力。”

他补充，目前巴生港口和我国其他主要港口都出现拥堵，因抵达港口的船只增加。

“有了这份新合约，我们将能够更好地攫取油气业的需求激增和后疫情时代的复苏。随着各国政府启动新冠疫苗接种计划，更多经济体开放，推动了石油需求增加，今年的油气活动预计提高。”

“随着布兰特原油回到疫情前的水平，目前为每桶60至70美元的价位，我们预计船用燃油价格将上涨，这有利于我们新的加油业务持续扩张。”

这项合约预计将于2021年第二季开始。

配合这项公告，该股今早9时至10时暂停交易。

截至10时45分，该股起2.5仙或4.90%，报53.5仙，最高攀至62仙，成交量有7052万2800股。

Posted by Freshbreakout > 2021-03-15 11:19 | Report Abuse

If you think it’s pump and dump then don’t buy lah. WHy come here and bitter? Miss boat is it? Now try to collect cheap? Kesian

Posted by bjgdila123 > 2021-03-15 11:20 | Report Abuse

ada chance to collect b4 they fly

Posted by hengonghuat88888888 > 2021-03-15 11:24 | Report Abuse

ding dong ding dong.. hope can close above 6 today. go go go

Posted by Needluck > 2021-03-15 11:37 | Report Abuse

i just lucky bought at 0.505 last friday and sold 0.60 today, just hope those didnt get one be cautious....

Posted by Needluck > 2021-03-15 11:39 | Report Abuse

and hope those earn hard dont get trap...

Posted by HappyBuyer > 2021-03-15 11:41 | Report Abuse

got 2 billion contract but acted like Iris?

Posted by nixonteh85 > 2021-03-15 11:50 | Report Abuse

banker (maybe) dah last week masuk push up.
Don't trust news is newest / latest.

Posted by HappyBuyer > 2021-03-15 11:54 | Report Abuse

but so far up 10 cent only, 2.22 billion contract only worth that?let say 10% profit for 3 years, 1 year at least 60 million net profit.

Posted by hengonghuat88888888 > 2021-03-15 12:20 | Report Abuse

Banker decision.. we just only can watch

Posted by NorazmiAR > 2021-03-15 12:25 | Report Abuse

Is this Techfast company or Techdown company?? Good news also down

Posted by happyhigher > 2021-03-15 12:27 | Report Abuse

Maybe techfas has new vision. With current project and new projet yet to announce, they want to be positive earning company and grow well like dnex. Who knows.

Posted by bulldog > 2021-03-15 12:31 | Report Abuse

Tecslow ...now overtake by widad... nevermind buy both company better

Huat chaiii

Posted by Freshbreakout > 2021-03-15 12:40 | Report Abuse

Why all want fast fast price to jump? That’s not healthy. Relax and enjoy the process. You all trade, that’s why not calm. Learn to invest, you will find your wonderful destination.

Posted by bjgdila123 > 2021-03-15 12:44 | Report Abuse

ptg 4.00 goreng hangus bro 2 limit up 0.81