I think i found the relationship kanger, cck, with Tecfast. Tecfast found oil bunkering connection, n nur able to get the license, kanger n cck want to have fast profit n sell off unprofitable company while tecfast need a Company to tape in oil bunkering.. thus kanger n team took opportunity to earn fast money... Behind the scene, I believe they too do not able to work with kanger, but need the cck company. Hold on
MULTIPLE CONTRACTS SECURED BY THIS COMPANY, WHY HASN’T ITS SHARE PRICE FLYING?
Little does investors know that TECFAST had successfully procured another contract with a value size of RM 540,000,000.00. Similarly, this agreement was inked between a wholly owned subsidiary of the company, Fast Energy Sdn Bhd with Huang Fan Sdn Bhd, where the subsidiary of TECFAST will supply marine gas oil (MGO) to the new client.
If you are wondering who is this “Huang Fan Sdn Bhd”, they are primarily engaged in the sub-contracting for sand related businesses. Their work includes but not limited to sand barrier projects, dredging, drilling, blasting, land reclamation, marine sand, reclamation, marine construction and subsea structures. Upon further due diligence, I had founded out that this company owns several vessels and one of them is Sierra Leone OCEANLINE 5001. You may check the vessel transportation line over here.
In this contract, the subsidiary of TECFAST would continue to delivery up to 6,000,000 liters each month for a total contract period of 45 months. Based on my rough calculation on MGO prices as well as monthly delivery, the MGO price should be calculated at USD 500 per MT.
However, the recent Suez Canal blockage had sent offshore support vessels (OSV) demand higher, and OSV in turn, would require MGO to sustain their business. Hence, aside from the contract itself, TECFAST is poised to benefit from the multiple contract it secured as well as the additional demand from OSVs.
As you can see from the share price movement, TECFAST has been trading in a tight range of 45.5 cents and 54.0 cents for quite some time. I believe investors had yet to recognize its value and due to leakage of information on the contracts the company secured and caused the share price to being manipulated by some of the "gurus". Nevertheless, the underlying profit for the company would gradually increase.
You may begin to accumulate around the support level of 45.5 cents. Any breach of the 54.0 cents might result in TECFAST flying again. Now it’s the best chance!
This is a well known stock that Eddie has arranged multiple esos, SIS and private placements la hahaha, why didn't you guy know, I have friends working in Tecfast. Director Steven Kuah is there with Eddie on their grand plan to reach xox price by massive dilution. Let's see if I'm right, time will tell
Techfast Holdings Bhd has secured a contract worth RM540.0m to supply marine gas oil products to Huang Fan Sdn Bhd. Its wholly-owned subsidiary Fast Energy Sdn Bhd entered into a supply agreement today with Huang Fan for the contract to supply up to 6.0m litres of the products each month to the group for the consumption of its vessels. (The Edge)
A lot haters at here..company that given the project to techfast without thinking and filter...is the company has link to each others? Pls u all think... Those companys given project to tecfast is willing to lose money n bad reputation...make sense or not depend to u all
if anyone have infor for the company that award contract to this company pls share. Especially the 2.22 billions contract. To prove the reliability of the contract. otherwise trader remain skeptical. Nothing wrong . too many scams company around nowadays.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
johoran
368 posts
Posted by johoran > 2021-03-29 17:09 | Report Abuse
grab