Posted by azfar8 > 2021-06-03 08:46 | Report Abuse

it's not fake, but the old news recycled. are they going to cheat investors forever? stern action should be taken to those who are repeating the old news...

Posted by sychern > 2021-06-03 09:30 | Report Abuse

Trap, don't buy. Later got right issue.

Posted by sychern > 2021-06-03 09:34 | Report Abuse

You can't run before right issue anymore

Posted by nasilemak5 > 2021-06-03 14:09 | Report Abuse

KUALA LUMPUR (June 2): Techfast Holdings Bhd has secured a RM1.46 billion contract to supply a range of marine fuel oils over a three-year period to a Singapore-based integrated marine fuel oil logistics provider.

In a bourse filing, Techfast said its wholly-owned subsidiary Fast Energy Sdn Bhd (FESB) will supply Wise Marine Pte Ltd up to 20,000 tonnes of low sulphur fuel oil, low sulphur marine gas oil and high sulphur fuel oil every month.

The components manufacturing group said this is its second supply contract with Wise Marine. In March, it had signed a RM2.2 billion deal to supply up to 30,000 tonnes of marine fuel oils per month to Wise Marine.

The delivery to Wise Marine commenced in April, with a supply of 10,000 tonnes of marine fuel oils per month, said Techfast.

“Our volume of marine oil fuels supplied has been limited by the availability of bunkering vessels," said Techfast executive director Vincent Tan Wye Chuan in a statement.

"Hence, we have decided to enter into a strategic joint venture, whereby Techfast will fund the purchase of a bunkering vessel to increase our capacity to handle larger supply volumes,” he said.

FESB's joint venture with Wise Marine and Fultonn Marine Sdn Bhd involves the purchase of suitable product tankers and perforing O&G trading activities.

Fultonn Marine is responsible for facilitating the purchase of the vessel, while Techfast is to provide the funding.

“With the new vessel, we are able to expand the group’s supply capacity and deliver marine fuels of up to 50,000 tonnes per month to Wise Marine. This will enable us to secure a larger share of the oil bunkering market in Port Klang, enhancing our revenue streams," said Tan.

To help finance the vessel acquisition, Techfast has proposed a two-for-one rights issue with free warrants to raise up to RM109.1 million.

The group has also proposed the disposal of its wholly-owned subsidiary Techfast Precision Sdn Bhd to raise funds of RM6.1 million cash.

Techfast's share price rose half a sen or 1.61% to close at 31.5 sen, giving the group a market capitalisation of RM124.9 million. The counter saw 9.81 million shares exchanging hands.

Posted by abang_misai > 2021-06-03 14:13 | Report Abuse

Hah. Nobody believes this story

Posted by abang_misai > 2021-06-03 14:14 | Report Abuse

Those reputable oil companies can’t get this type of contract. Tecfast young ciku small company no experience can secure multi-billon contract. LOL

Posted by 240gpark > 2021-06-03 15:07 | Report Abuse

Techfast seems not strong like previous, but I think on fundamental getting more cleaer compare with previous. Especially oil bunkering part, anyhow the contract also not a very big duel. Is ok to not getting heat. Especially market not so strong on current stage. However techfast slowly getting stable on 0.30. maybe a very good support point to get a small portion . On return I think need to wait a short while. Anyhow , techfast is on transformation stage. Let see what's go next !

Posted by kenjishou2 > 2021-06-03 16:28 | Report Abuse

another contract in the bag, good sign for tecfast since the company is undergoing transformation right now, more deals is a good thing

Posted by influenza19 > 2021-06-04 09:45 | Report Abuse

Not very promising...Right issue + oil bunkering is low profit margin business... A least take years to show good profit while hope that oil price did not crash again.
STRAIGHT already has foot print in oil bunkering for 3 to 4 years now, but look with revenue RM 200Million++ while the profit only mere RM700,000 per quarter. The most only RM 2 Million.

Posted by tonygofly > 2021-06-04 16:56 | Report Abuse

TECFAST (0084) : An Almost Guaranteed 80% Upside?

https://klse.i3investor.com/blogs/sss/2021-06-03-story-h1566016670-TECFAST_0084_An_Almost_Guaranteed_80_Upside.jsp

very informative article, bringing some good insight

Posted by jayden007 > 2021-06-04 20:32 | Report Abuse

A lot of chicken player traped on 3th of june between 0.34-0.36
I don think the operator will let them out so fast....btw now cuci cuci untill 0.305 a lot ppl cut loss also la...

Posted by limit_up_soon > 2021-06-05 15:28 | Report Abuse

ini counter Eddie Chai, similar to XOX, Cheetah, MACPIE, KANGER, KGROUP, FINTEC and many more. You ppl very stubborn lo, told many time liao still want to buy and ask can buy or not la. can shot up or not la. can hold or not la. good fundamental, you better sell before it is too late. Those operator is printing the FREE shares and selling to the market now, all the MOUs or contracts are bullshit and just a bait.

Posted by aarowsiewkh > 2021-06-05 20:34 | Report Abuse

（吉隆坡3日讯）Techfast控股（TECFAST，0084，创业板）获得新加坡财团颁发价值约14亿6000万令吉的船用燃油供应合约，同时，透过联营财团购买新油轮开拓油气贸易业务。

Techfast控股周三向交易所报备，独资子公司Fast Energy私人有限公司（FESB），与新加坡的Wise Marine Pte Ltd签署有关协议，为期3年。

按照合约，FESB将为Wise Marine每月提供高达2万公吨的船用燃油。

上述合约价值，是根据“普氏新加坡平均”（Mean of Platts Singapore）市价计算。

联营财团收购新船

这是Techfast控股从Wise Marine获得的第2份供货合同。

同日，FESB还与Wise Marine和Fulton Marine私人有限公司签订联营协议，购买合适的成品油轮。

集团执行董事陈维川说：“我们的船用燃油供应量受到油轮供应的限制。因此，我们决定成立一家联营企业，本公司出资购买一艘油轮，提高我们处理更大供应量的能力。”

ADVERTISEMENT

根据联营协议，Fulton Marine负责促成油轮购买和作为油轮的持有者，而Techfast控股则提供资金。

Posted by aarowsiewkh > 2021-06-05 20:35 | Report Abuse

油股趋势最近不错？

Posted by Citadel9999 > 2021-06-05 20:39 | Report Abuse

haha haha

Posted by Citadel9999 > 2021-06-05 20:39 | Report Abuse

what a joke

Posted by abang_misai > 2021-06-06 10:49 | Report Abuse

Invest on false hope. Haha.

Posted by TP > 2021-06-07 21:31 | Report Abuse

https://klse.i3investor.com/blogs/sss/2021-06-07-story-h1566102169.jsp

Posted by Albukhary > 2021-06-07 22:21 | Report Abuse

To be honest, If you really think this Marine Fuel Bunkering business can make big money, please look into STRAITS LOGISTIC.

STRAITS has venture into this Fuel Bunkering business 2-3 years ago, and its quarter revenue has increase from Rm50mil per quarter to RM300mil per quarter. However, the company is making very little profit, RM1-2mil per quarter.

STRAITS market cap is RM164mil, it has cash in hand around RM30mil, and quarter revenue RM300mil.

TECHFAST market is RM121mil, very little cash, and quarter revenue RM12mil.

STRAITS has many MNC companies as their direct customer (i.e. Petronas, Repsol, Armada..etc), while TECHFAST has paper contract from Wise Marine Pte Ltd.

If you go to google Wise Marine Pte Ltd, this company seems like don't even have a website, and its paid up capital only SGD100,000. How can a company with paid up capital SGD100,000 award a Billion value contract?

Posted by AlexChiaWS > 2021-06-08 00:30 | Report Abuse

Mr Albukhari, I have 1question that I dont understand.
Why does Wise Marine need to procure the fuel from Techfast and not straight from a source?

Posted by abang_misai > 2021-06-08 08:27 | Report Abuse

Haha. The purchase is not a small sum. Direct source need to pay money. Purchase from Tecfast can hutang & write off.

Posted by HappyBuyer > 2021-06-08 21:05 | Report Abuse

Actually abit concern Techfast will be another Serba Dinamik case........

Posted by kenjishou2 > 2021-06-09 16:34 | Report Abuse

no need to worry my friend, Tecfast did not have same issue with serba

Posted by nasilemak5 > 2021-06-09 16:39 | Report Abuse

we will see techfast is really hope soon !

Posted by Soonhou03 > 2021-06-10 19:28 | Report Abuse

trap ah u all banker cheat ppl buy in

Posted by CalmNSteady > 2021-06-13 22:32 | Report Abuse

No worry..Gonna fly soon.

Posted by ooi8888 > 2021-06-13 22:45 | Report Abuse

fly to holland, haha

Posted by KINGCOBRA > 2021-06-15 09:35 | Report Abuse

can Tecfast goes LIMIT UP?...Go GO!!!

Posted by Shines > 2021-06-15 13:50 | Report Abuse

Big face wont move up much

Posted by chinleng20 > 2021-06-15 15:51 | Report Abuse

Limit up? Not so soon, see u at 0.40cnts

Posted by chinleng20 > 2021-06-15 15:52 | Report Abuse

Today will close green...

Posted by sychern > 2021-06-15 16:45 | Report Abuse

Trap

Posted by Eric963708 > 2021-06-15 16:53 | Report Abuse

this counter only can up if insider push up only

Posted by KINGCOBRA > 2021-06-15 21:30 | Report Abuse

SHOULD CHANGE tecslow!

Posted by Hwong188 > 2021-06-16 11:16 | Report Abuse

Tecfast awared big contract, it hold at RM0.295 - 0.300 now, potential hit RM0.50 above,
Buy low now, pending raise soon

Posted by smart9898 > 2021-06-16 11:47 | Report Abuse

Hoping it drops more, can collect at low price

Posted by dchin472 > 2021-06-16 12:44 | Report Abuse

wtf 50sen

Posted by dchin472 > 2021-06-16 12:44 | Report Abuse

good luck

Posted by kenjishou2 > 2021-06-16 16:43 | Report Abuse

minimum 0.40, 0.50 might be possible too

Posted by sychern > 2021-06-16 19:23 | Report Abuse

Right issue

Posted by Soonhou03 > 2021-06-16 19:37 | Report Abuse

cambateh u all 0.5 make me laugh

Posted by HappyBuyer > 2021-06-17 10:52 | Report Abuse

@kenjishou2, guess you hold lots of ticket wait to sell therefore you keep promoting price that impossible to achieve..lol......

Posted by Soonhou03 > 2021-06-19 22:12 | Report Abuse

I think so pls dun promote tis stock anymore

Posted by nasilemak5 > 2021-06-21 18:07 | Report Abuse

Don't promote this counter, This counter don't need promote, slowly collect slowly up. More better.

Posted by hwangjoey1 > 2021-06-22 16:33 | Report Abuse

Yes, stop promote pls... I still need more time to collect more

Posted by GorengGroupFB > 2021-06-23 02:28 | Report Abuse

Hello! have kangtao for you guys, add the Facebook.
GORENG TIPU BURSA KLSE is the most happening investment facebook. A lot of tips inside
Is it true? Should I trust the below? No harm read it

Source : Facebook page
https://www.facebook.com/goreng.tipu/posts/106688898222811

https://kennethvunyunlun.wordpress.com/category/criminal-trail/?fbclid...

Posted by kenjishou2 > 2021-06-23 16:41 | Report Abuse

definitely hard time for TECFAST, stay strong TECFAST investors

Posted by kenjishou2 > 2021-06-23 16:42 | Report Abuse

patience is virtue, to win at the game, we gonna play the long game

Posted by KINGCOBRA > 2021-06-24 10:24 | Report Abuse

this counter is slow really slowly drifting away...25s?

Posted by kenjishou2 > 2021-06-24 16:29 | Report Abuse

slow & steady win the race... hidden champion in rising