The Board of Directors of Techfast ("Board") wishes to announce that the Company had on 31 March 2021 entered into a share sale and purchase agreement ("SSPA") with Richard Mak Yik Fun (“Richard” or “Purchaser”) to dispose of its 100% equity interest in Oriem Technology Sdn. Bhd. [Registration No. 200201029750 (597413-T)] (“Oriem”) comprising 1,500,000 ordinary shares in Oriem (“the Sale Shares”) for a total cash consideration of RM900,000.00 (“Disposal Consideration”) (“Proposed Disposal”).
You so hai cash has gone to : Eddie yacht in langkawi Bryan Loo Ferrari and his wife Lambo Don't trust me, go search their instagram and they display for you to see
主要业务:公司有着三家子公司,分别是TECHFAST PRECISION SDN BHD,CAPE TECHNOLOGY SDN BHD 以及 ORIEM TECHNOLOGY SDN BHD。TECHFAST PRECISION SDN BHD 主要是做紧固件,电子五金产品和精密车削零件,可用于Edupad LCDs,LCD 荧幕,LCD电视,电脑服务器,网络产品以及Desktop。CAPE TECHNOLOGY SDN BHD 则主要是做Elastowet 和 Rubclean。Rubclean 可用来清洁半导体的封装模具,Elastowet 则可以用来湿润半导体的封装模具。最后的ORIEM TECHNOLOGY SDN BHD 则是帮客户定制环氧树脂材料,可用于SMD Automotive, Smart Display, Lamp 等。
财务表现:从年报来看,公司的收入和盈利从2015开始都有稳定地上涨,至到2019年才开始稍微下滑。最新季度报告中,我们可以看到公司的收入对比去年减少了20%,盈利更是少了36.2%。盈利会减少主要是因为销售的下滑和提供RM0.15 million的过期库存,因此造成公司的profit margins 被拉低。另外,公司的债务情况还是在健康水平,有着RM6.3 million 的总债务,但手中光是现金就已经有RM6.1 million左右,所以整体而言不用太担心。
numberone thnks for great sharings in exposing this bunch of crooks keep swindling the dumb and uninformed with pp and esos as a tool to cheat and lie all the way to enrich their ill gotten wealth
Working hard with politicians and government officers to scam public money and government land. 25/03/2021 12:26 AM 26/03/2021 9:30 AM X no1 no1....check your i3 messenger 25/03/2021 8:31 AM X OracleOfOmaha https://www.google.com/amp/s/www.nst.com.my/amp/property/2021/02/66855... 25/03/2021 11:21 AM X OracleOfOmaha I found the linkage. Same gang of syndicate. Kanger share price drops like mad after dealing with Eddie Chai daddy private company Asetkayamas. 25/03/2021 11:23 AM X OracleOfOmaha Next step I guess buy petroleum assets from Steven Kuah ka since they announced it already.
I cannot tahan dy... sold at loss at 0.395, wish all of you still holding good luck. If Techfast really being run by bunch of manipulators, I hope they get punished.
@skyhighinvestor, pls la , dont con ppls frm buying these counters controlled by a bunch of pirates. alot of innocent small investors din have experience with these counters... pls go look at the chart of xox and kanger
daydreamer why said so xox n kanger there is nothing at all n most important is haven't fundamental at all although the tecfast's chart s too bad but tecfast got good future prospect n stable profitable u r de trader or investor actually n can u give me one reason why tis stock cant buy jus bcs technical analysis ah? correct at low actually very good la i think correct between 0.35-0.4
How you know I con people, i just sharing my personal opinion. Everyone having different view on seeing stock. You can continue doing your daydreamer. and I am still looking good on my own stock.... Everyone know the story of kanger and xox but I just like Techfast. Anything wrong ?
Wow, I smell explosion. Well. Everyone have different opinion on the counter. Anyhow the story for XOX and kanger is another story but business running and the way of manage is different. Maybe it smell like goreng, but I can profit also. so come to the point, don't blame counter if you cannot profit from a counter. Additionally Techfast FA actually not bad.
My Latest Value Investing Stock Pick – TECFAST (0084)
In order to be successful in stock investment, one must always be the friend of the trend. So the one question I always have in mind is – what is the next trend in the market? Based on my observation, recently shipping themed counters have some movement or accumulation activities on their shares. Company such as MAYBULK might see a huge turnaround in earnings due to market prices in Supramax and Panamax charter rates had recovered strongly.
The last time that this happens would be in the year of 2007 to 2009, where charter rates has broken through the roof – now coupled with another blockage in Suez Canal, I believe demand for container and dry bulk shipping would spike even further, and so would company’s earnings!
A simpler translation to the said matter is – E&E sector’s shipping activities or maritime activities is booming, and earnings would follow soon. I suspect the Dry Bulk shipping rates could recover to at least 50% - 60% of 2007 – 2008’s peak following the supply strain of vessels. But let’s be realistic, the share price of MAYBULK and TASCO had already moved quite substantially and finding a good chance to enter is difficult.
As an investor, we must always think one step ahead of the general market. Who are the beneficiaries of huge heavy shipping activities apart from ports, which we do not have strong counters in Malaysia? Once again, the answer don’t have to be complex, it would be:
Supplier of fuels for these shipping giants – Marine Gas Oil.
The latest IMO 2020 sulphur cap requires shipowners to reduce the maximum sulphur contents in the fuels from 3.5% to 0.5%, which are mainly Low Sulphur Fuel Oil (LSFO) that would be in demand for them. Traditionally, this industry has been using “dirty” and cheap, but environmental damaging illegal oil. Now shipowners or operators are left with 2 choices:
1. Purchase LSFO with approximately USD 500 per MT, which is on average 60% - 70% more expensive than High Sulphur Fuel Oil (HSFO).
2. Install capital extensive exhaust gas system.
Seeing how busy the shipping industry is currently, I believe these vessels do not have the leisure to stop and install an exhaust gas system to comply with the IMO sulphur capping. The easier solution around would be purchase LSFO straight and achieve the 0.5% capping easily.
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Posted by johoran > 2021-04-01 23:03 | Report Abuse
The Board of Directors of Techfast ("Board") wishes to announce that the Company had on 31 March 2021 entered into a share sale and purchase agreement ("SSPA") with Richard Mak Yik Fun (“Richard” or “Purchaser”) to dispose of its 100% equity interest in Oriem Technology Sdn. Bhd. [Registration No. 200201029750 (597413-T)] (“Oriem”) comprising 1,500,000 ordinary shares in Oriem (“the Sale Shares”) for a total cash consideration of RM900,000.00 (“Disposal Consideration”) (“Proposed Disposal”).