Posted by kenjishou2 > 2021-04-13 15:38 | Report Abuse

What is so special about TECFAST then? Well, TECFAST had recently announced to acquire 35.0% stakes in an oil bunkering company. I’m amazed by the foresight of the management to venture into this sector even before the Suez Canal incident, which is prone to happen every time when vessels are highly loaded into the most important route in the world, where 15% of maritime activities would need to use this passage.

Following the acquisition, a wholly owned subsidiary of TECFAST had also received a MGO supply agreement from one of the industry giants in Singapore – Wise Marine Pte. Ltd. The contract sum was RM 2,222,856,000.00. To be fair, the contract would not contribute fully onto TECFAST’s revenue and most likely would be recognized under a share of associate profit. Historically, the industry was seeing a acceptable margin for costs-plus business model of 2 – 3% net margin. Now, due to the high demand for LSFO, the price gap had increased substantially.

Posted by kenjishou2 > 2021-04-13 15:38 | Report Abuse

As for now, the LSFO would be easily enjoying a premium over high sulphur contain oil. I believe the net margin would increase to 4% - 6% (double) easily based on the current global increase in demand!

Do note that in Bursa Malaysia, the only direct peer for TECFAST would be STRAITS. In my opinion STRAITS do not have huge contract on hand for now – comparatively with TECFAST who had 2.2 Billion worth of contract on hand, I think the winner is clear in this case.

Posted by kenjishou2 > 2021-04-13 15:38 | Report Abuse

By studying the chart pattern of TECFAST, one could easily tell it was on a downtrend, right? But that might not be the case. For value investor like me, I’m looking at market mispricing on value and price. Imagine this – TECFAST’s share price is performing even worse prior to the announcement. What on earth is wrong with the market?

I can only say so much on the share price movement. However, from multiple angles of studying TECFAST, this company is definitely a solid “BUY” for its current undervalued price of RM 0.405 per share!

Posted by limit_up_soon > 2021-04-13 23:04 | Report Abuse

Guys, TECFAST is under the same group of operator as what exposed by recent The Edge article. The Edge only mentioned 60penny companies, but I can surely tell you that TECFAST is one of them.

So run before it is too late. Don be deceived by all the "sweet words" providing by the cybertroopers here. RUN before it is too late.

New ESOS just announced, they going to throw soon. Just refer to my previous comments in others counters. They going to use the same tactic in TECFAST, so RUN fast.

XOX, AIM, OVERSEAS, KSTAR, NEXION (HK), CHEETAH, MACPIE, KANGER and many more are under same group of ppl. It is under the same guy called Eddie Chai.

Warning already given, up to you want to listen or not. Take care.

Posted by daydreamer > 2021-04-14 02:12 | Report Abuse

agree with limit_up_soon. run before they throw.......alot of their troopers here... same with other counters last time, always ask ppls to buy some even publish in their ig to cheat ppls in to buying their controlled counters

Posted by flyhigh03 > 2021-04-14 16:28 | Report Abuse

buying power is still strong despite all the hate comment here, what does this mean?

Posted by flyhigh03 > 2021-04-14 16:29 | Report Abuse

even if they throw alot now, there's still strong buyer around this price

Posted by power88 > 2021-04-14 20:07 | Report Abuse

DescriptionTECHFAST HOLDINGS BERHAD ("TECHFAST" OR THE "COMPANY") I. PROPOSED SHARE SPLIT; II. PROPOSED RIGHTS ISSUE WITH WARRANTS; AND III. PROPOSED DISPOSAL (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

On behalf of the Board of Directors of Techfast ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake the following:-
i.          share split involving the subdivision of every 1 existing ordinary share in Techfast ("Techfast Share(s)" or "Share(s)") held on an entitlement date to be determined and announced by the Board at a later date into 2 Techfast Shares ("Proposed Share Split");
ii.          a renounceable rights issue of up to 909,204,618 new Techfast Shares ("Rights Shares") on the basis of 1 Rights Share for every 1 existing Techfast Share held, together with up to 454,602,309 free detachable warrants in Techfast ("Warrant(s)") on the basis of 1 Warrant for every 2 Rights Shares subscribed for, on an entitlement date to be determined and announced later ("Proposed Rights Issue with Warrants"); and
iii.         the Company had on 14 April 2021 entered into a conditional share sale agreement with Lu Eng Shean  for the proposed disposal of its 100% equity interest in Techfast Precision Sdn Bhd ("TPSB"), comprising 8,000,000 ordinary shares in TPSB for a disposal consideration of RM6,100,000 to be satisfied entirely via cash ("Disposal Consideration") ("Proposed Disposal").
(The Proposed Share Split, Proposed Rights Issue with Warrants and Proposed Disposal are collectively referred to as the "Proposals").
Further details on the Proposals are set out in the attachment

Posted by influenza19 > 2021-04-14 22:07 | Report Abuse

Waa diluting current shareholder kaw2...
If the share split and right issue go through... Total share will be almost 2 Billion, plus if the warrant convert.... Overall will be 2.5 Billion share.
Earning how much to justify 2.5 Billion share issue?

Posted by JK22 > 2021-04-14 22:21 | Report Abuse

ESOS, Split then RI .. hero...new tp ? anyone?

Posted by ooi8888 > 2021-04-14 22:23 | Report Abuse

bo chao si

Posted by power88 > 2021-04-14 23:59 | Report Abuse

Techfast Group is principally engaged in the Petroleum Trading Business and the
manufacturing of mould cleaning rubber sheets as well as the trading of epoxy
encapsulant materials for optoelectronics industries.
As set out in Section 5.3 of this announcement, due to advancements in the assembly
process of computers and televisions, the main products of TPSB, i.e. self-clinching
fasteners and precision turning parts are becoming obsolete and are experiencing
lower demand and orders received are usually in smaller quantities, which had resulted
in lower production efficiency and a business that is no longer scalable, as evident by
the decreasing profit after tax recorded. As such, to reduce the cost of maintaining the
operations of a low-profit business, the Board has decided to undertake the Proposed
Disposal and the proceeds raised from the Proposed Disposal will be used to fund
Techfast Group's other business activities that are more profitable.
Further, the Proposed Rights Issue with Warrants is undertaken to raise maximum
proceeds of RM109.11 million, of which RM88.26 million will be used to fund Techfast
Group's working capital requirements i.e. the Petroleum Trading Business and the
manufacturing of mould cleaning rubber sheets and the trading of epoxy encapsulant
materials for optoelectronics industries and other general expenses. As at the date of
this announcement, Techfast Group has already secured contracts to supply petroleum
products (i.e. marine fuel oil and marine gas oil) with a total estimated contract value in
excess of RM 2.00 billion and up to RM74.15 million from the proceeds raised will be
used to fund the working capital requirements of the Petroleum Trading Business.
As set out in Section 3.8 of this announcement, subsequent to the Acquisition which
was completed on 24 March 2021, CCKSB had become an associate company of
Techfast Group. The Acquisition comes with a total profit guarantee of RM10.00 milllion
for 2 financial years up to FYE 31 December 2022 of CCKSB and the Acquisition is
expected to be earnings accretive to Techfast Group.
In addition, up to RM20.00 million of the proceeds raised from the Proposed Rights
Issue with Warrants shall be utilised to finance any suitable and viable potential
business(es)/ investment(s), within 24 months from completion of the Proposed Rights
Issue with Warrants. As potential acquisition(s) of business(es)/ investment(s) may cost
a substantial amount, the proceeds raised from the Proposed Rights Issue with
Warrants may allow the Group to capitalise on suitable and viable investment
opportunities as and when it arises, which in turn may generate positive returns to the
Group in the future.

Posted by power88 > 2021-04-15 00:02 | Report Abuse

Good management

Posted by power88 > 2021-04-15 06:58 | Report Abuse

Today 0.60

Posted by fidaus2005 > 2021-04-15 08:22 | Report Abuse

Looks like want to fly

Posted by johoran > 2021-04-15 09:11 | Report Abuse

people keep selling...haha

Posted by followKing > 2021-04-15 09:14 | Report Abuse

hahah.....

Posted by Citadel9999 > 2021-04-15 09:16 |

Post removed.Why?

Posted by Citadel9999 > 2021-04-15 09:20 | Report Abuse

right issue coming lor hahahaha

Posted by khpwwl > 2021-04-15 09:26 | Report Abuse

got 1 us big business belum announce

Posted by daydreamer > 2021-04-15 09:27 | Report Abuse

fly? big drop coming... seems like they hire alot of troopers here to promote the counter. but useless coz everyone knows their tactics now. hahahaha

Posted by Sepolcmd > 2021-04-15 09:37 | Report Abuse

Tecfast bull coming

Posted by KINGCOBRA > 2021-04-15 09:41 | Report Abuse

get lost from here b4 regret....another FOCUS D

Posted by followKing > 2021-04-15 09:52 | Report Abuse

bull coming ??? kidding me

Posted by khpwwl > 2021-04-15 09:57 | Report Abuse

next will drop 0.350...got someone buy sell buy sell to lower and lower

Posted by Citadel9999 > 2021-04-15 10:03 | Report Abuse

drop below 0.3

Posted by johoran > 2021-04-15 10:16 | Report Abuse

most of counters announce share split..price up...tecfast going down haha

Posted by johoran > 2021-04-15 10:17 | Report Abuse

if got share , sell and run before late

Posted by johoran > 2021-04-15 10:19 | Report Abuse

everyday use same strategy..push a bit.. then sell big volume.. small holder die...

Posted by khpwwl > 2021-04-15 10:19 | Report Abuse

looks like bosses wanna to collect lower and accumulate...if not, how bosses earn money, they earn free warrant, all extra extra money, now this the timing to press kaw kaw and collect cheap cheap shares

Posted by johoran > 2021-04-15 10:25 | Report Abuse

As set out in Section 3.8 of this announcement, subsequent to the Acquisition which was completed on 24 March 2021, CCKSB had become an associate company of Techfast Group. The Acquisition comes with a total profit guarantee of RM10.00 milllion for 2 financial years up to FYE 31 December 2022 of CCKSB and the Acquisition is expected to be earnings accretive to Techfast Group.

Posted by khpwwl > 2021-04-15 10:32 | Report Abuse

oversold already....

Posted by johoran > 2021-04-15 10:32 | Report Abuse

PROFIT 2020= 2.3 M...2021 gurantee profit 5m ..double

Posted by khpwwl > 2021-04-15 10:33 | Report Abuse

not choice loh...hold long term liao...

Posted by johoran > 2021-04-15 10:37 | Report Abuse

0.355 coming

Posted by daydreamer > 2021-04-15 10:39 | Report Abuse

there is no guarantee profit in this world . use your brain la, if the business is so profitable, why cck wanna sell his share? do propee check on the background of this company

Posted by bjgdila123 > 2021-04-15 10:40 | Report Abuse

buy below 0.28 operator keep press down

Posted by khpwwl > 2021-04-15 10:43 | Report Abuse

ya..buy 0.365 sell 0.360, buy 0.360 sell 0.355 trap those retails

Posted by khpwwl > 2021-04-15 10:44 | Report Abuse

but the earn every 0.005 in bulk

Posted by semogadiberkati > 2021-04-15 10:45 | Report Abuse

i wanna cry cry...

Posted by johoran > 2021-04-15 10:52 | Report Abuse

37k buying 0.355... u can see, very soon somebody throw ..

Posted by johoran > 2021-04-15 10:53 | Report Abuse

maybe today target 10%... tomorrow another 10%

Posted by influenza19 > 2021-04-15 11:41 | Report Abuse

from CCKSB profit guarantee for 2021 only 5 Millions, per quarter only RM1.25 Millions

Estimated TECFAST net profit annually only RM5.4 Millions, per quarter only RM1.35 Millions.
for current share issue of 450 Millions .. the EPS per quarter already small = 0.3 sen
but if the share issue bloated to 2 Billion... EPS only = 0.0675 sen
EPS 0.0675 what the share price should be?

even to get at least EPS = 1 sen per quarter, earning at least must be RM 20 Millions.
the share issue will become even bigger if consider warrant convertion and ESOS.
Oil bunkering profit margin only below 1%,
if the revenue per quarter achieve RM 1 Billion, the earning per quarter only around RM 10 Millions.

I like this counter with the current share issue even it hurt with propose 30% ESOS.
but with share split and right issue it will become like Green Ocean, Fintec and AT.

Posted by power88 > 2021-04-15 12:03 | Report Abuse

377k 0.355 gone...haha

Posted by power88 > 2021-04-15 12:03 | Report Abuse

don't buy......keep drop

Posted by power88 > 2021-04-15 12:27 | Report Abuse

trap......u put 0.35 also sell to you

Posted by Sepolcmd > 2021-04-15 12:43 | Report Abuse

Share split if 40 sen jadi 20 sen better. Split jadi bawah 20 sen dah jadi penny stock dah

Posted by fidaus2005 > 2021-04-15 12:57 | Report Abuse

Oversold stock become double oversold.
when the selling will end.

Posted by nasilemak5 > 2021-04-15 13:18 | Report Abuse

See later apa macam first, I think company near to good point now. Is time to enter. hhehehee

Posted by 5gfactors > 2021-04-15 13:38 | Report Abuse

Be fearful when others are greedy. Be greedy when others are fearful