Posted by uemcapital > 2021-06-24 16:39 | Report Abuse

I don't think is a very good time to fly but dpst more (My personal opinion)

Current market so bad. but the stock price still able stand on support. I think is good enough.

Posted by kenjishou2 > 2021-06-24 16:41 | Report Abuse

vaccine injection need to be faster.. economy will slowly recover....

Posted by dessmond1 > 2021-06-24 16:46 | Report Abuse

Solid oil demand is driving up the spot crude prices in every part of the world. This is a clear indication that the physical oil market is finally catching up with the recent rally in the paper market.

The strengthening appetite for crude in Asia and tightening regional markets due to changed differentials between regional benchmarks are, in turn, supportive of the oil futures rally, analysts and traders tell Reuters.

The surging premium of Brent over the Middle Eastern benchmark Dubai now makes shipping crude grades from the Atlantic Basin to Asia uneconomic because they are priced off the Brent benchmark. So Asian demand for Middle Eastern and Russian grades priced off the Dubai benchmark is high, driving the spot premiums for Omani crude and Russia’s ESPO and Sokol grades close to a one-year high.

At the same time, the narrowing discount of WTI Crude to Brent Crude is effectively shutting the arbitrage for U.S. crude to go to Europe and Asia as the less-than-$2 a barrel spread makes shipping American oil to the major import markets uneconomical.

As a result of these dynamics in spreads between regional benchmarks, physical crude supply in each of the regions is tightening. First, because it’s uneconomical to import crude from other regions. Second, because oil demand is rebounding as the summer driving season begins and economies reopen from restrictions in mobility.

Posted by dessmond1 > 2021-06-24 16:47 | Report Abuse

Oil bunkering business will slowly turn good sooner or later

Posted by kenjishou2 > 2021-06-24 16:52 | Report Abuse

Techfast Holdings Bhd (Trading Buy)

• TECFAST – which is involved in the manufacturing of self-clinching fasteners, electronic hardware and precision turned parts, mould cleaning rubber sheets and LED epoxy encapsulant materials – is venturing into the petroleum trading and oil bunkering business while in the midst of disposing of its fasteners and electronic hardware & precision turned parts segment.

• The new venture is expected to bring in additional income streams to widen its earnings base from existing businesses, which raked in net profit of RM2.1m (-41% YoY) in FY December 2020.

• Following which, the group has recently secured contracts to supply fuels to: (i) Singapore-based Wise Marine Pte Ltd over 3 years (estimated at RM2.2b using prevailing market prices), and (ii) Malaysia-based Huang Fan Sdn Bhd for a period of 45 months (valued at RM540m based on current market prices).

Posted by kenjishou2 > 2021-06-24 16:52 | Report Abuse

some good point from last analyst by kenanga

Posted by justinwee87 > 2021-06-24 16:54 | Report Abuse

Even market is bad but I think techfast can maintain the performance and doing better on coming qr.

Posted by justinwee87 > 2021-06-24 16:54 | Report Abuse

https://www.argusmedia.com/en/news/2221115-malaysias-lockdown-to-have-limited-impact-on-bunkering

Posted by justinwee87 > 2021-06-24 16:54 | Report Abuse

Malaysia's two-week Covid-19 lockdown is not expected to significantly weigh on bunker demand, although any decision to extend the curbs could shift some demand to Singapore, said market participants.

Malaysia's full nationwide Covid-19 lockdown will last from 1-14 June. Bunkering operations and energy services, as part of essential economic and services activities, will be allowed to continue to operate, according to the country's national security council.

"Malaysia's shipping operations seem to be intact, similar to when Singapore went into lockdown, so I don't expect much impact," said one local trader.

"Bunker suppliers are working as usual and most have implemented contactless procedures," said another trader. "Most barge crew and frontline workers have been vaccinated already."

Bunker demand is not expected to shift to Singapore as the lockdown would only last for two weeks. But demand might change if the Malaysian government extends the lockdown.

Lockdowns have generally bolstered demand for consumer goods, which has boosted container trade. Container lines have resulted in a refuelling bottleneck in Singapore over the past months, with some taking up bunkers in Port Klang instead.

Malaysia vies with Singapore for bunker demand from vessels passing through the strait of Malacca, but has a less robust regulatory ecosystem and infrastructure compared to Singapore.

Port Klang, west of the capital Kuala Lumpur, is one of Malaysia's largest port in delivered bunker volumes, together with Tanjung Pelepas and Pasir Gudang in Johor. Suppliers in Port Klang typically buy cargoes from Singapore and Tanjung Pelepas before shipping it up north. No official bunker consumption data is available, but Malaysia accounts for about 3mn-4mn t of annual bunker demand, according to estimates.

Posted by justinwee87 > 2021-06-24 16:59 | Report Abuse

Techfast is slowly getting solid. FA not say super but average above.
Their business demand is still dare.
Should be a good duel in coming quarter.
Guess can top up more if the price drop a little.

Posted by dchin472 > 2021-06-24 23:22 | Report Abuse

i got one question why straits also a bunkering service ，but margin low ya ，is this tecfast can have a
better margin

Posted by dchin472 > 2021-06-28 13:48 | Report Abuse

anyone have go to their agm？

Posted by flee8 > 2021-06-29 08:38 | Report Abuse

From Techfast to Fast Energy, let's see how fast the share price can speed up....hahahaha

Posted by tonygofly > 2021-06-29 15:21 | Report Abuse

rebound week for tecfast

Posted by davidts95 > 2021-06-29 16:30 | Report Abuse

Slowly get recovery mood le. Nice

Posted by firehawk > 2021-07-01 06:44 | Report Abuse

hv to prepare how much money for the right issue?

Posted by kenjishou2 > 2021-07-01 16:02 | Report Abuse

0.40

Posted by darkxfs > 2021-07-02 11:33 | Report Abuse

no more split ? direct right issue ?

Posted by value8888 > 2021-07-02 15:35 | Report Abuse

Nothing to do at home during emco , goreng goreng ?

Posted by sychern > 2021-07-04 22:10 | Report Abuse

Split cancelled. RI coming

Posted by darkxfs > 2021-07-05 09:22 | Report Abuse

really ?

Posted by darkxfs > 2021-07-05 09:23 | Report Abuse

if like this price will big drop ?

Posted by darkxfs > 2021-07-05 09:23 | Report Abuse

lucky not yet buy

Posted by unclecalvinchu > 2021-07-05 10:24 | Report Abuse

Yes direct rights issue, but no reaction on share price today, looks solid!

Posted by tonygofly > 2021-07-05 16:17 | Report Abuse

big drop? wont lol, might even go up since ppl will goreng right issue

Posted by Eric963708 > 2021-07-05 17:00 | Report Abuse

May i know how or where to read Company announcements on RI?

Posted by Azfah92 > 2021-07-06 16:28 | Report Abuse

@Eric96370 https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3171306

Posted by Azfah92 > 2021-07-06 16:34 | Report Abuse

RI and warrant coming, time to fly tecfast

Posted by sychern > 2021-07-06 19:13 | Report Abuse

Price drop to 0.20

Posted by darkxfs > 2021-07-07 20:27 | Report Abuse

mybe ri alway drop first then up like pasukgb

Posted by darkxfs > 2021-07-07 20:28 | Report Abuse

now mybe big shark goreng make volume up then they sell all and press price down

Posted by darkxfs > 2021-07-07 20:29 | Report Abuse

wait low price then buy now playing pesona price drop i alreay paper lose rm2500

Posted by darkxfs > 2021-07-08 08:51 | Report Abuse

pesona 0.230

Posted by darkxfs > 2021-07-08 09:03 | Report Abuse

look like drop

Posted by dchin472 > 2021-07-08 15:02 | Report Abuse

i bought at 0.45 250lot then drop until 0.37 cut lost ，now drop even further crazy

Posted by Moneyking543 > 2021-07-08 15:04 | Report Abuse

0.07

Posted by dchin472 > 2021-07-08 15:06 | Report Abuse

but after i look in their top 30shareholder list the 2nd top shareholder is mr kuah ，kanger boss，with this person here not a good thing ba，how do you all see this person mr kuah？

Posted by darkxfs > 2021-07-09 08:47 | Report Abuse

pesona price keep drop can try it 0.225 tp 0.250

Posted by KINGCOBRA > 2021-07-09 11:03 | Report Abuse

looks like the price going to drop further don't waste your money over this counter lah ...last time the price don't go so LOW but now getting worse! it gonna drop slowly until one day u have lost so much ....TOO LATE BY THEN....so u decide yourself is it worth investing this counter?????????

Posted by darkxfs > 2021-07-09 22:01 | Report Abuse

lambo ri soon

Posted by Soonhou03 > 2021-07-10 12:56 | Report Abuse

think carefully u think they will let us buy at a lower price meh be careful

Posted by alvinchua87 > 2021-07-12 09:42 | Report Abuse

There are not worst for now . Time to enter techfast

Posted by limweechui > 2021-07-12 15:17 | Report Abuse

(Bloomberg) -- Oil dipped after a two-day gain as investors assessed the demand outlook amid a Covid-19 resurgence in many regions.

Futures in New York edged toward $74 a barrel after rising more than 2% on Friday. The rollout of vaccines and rebound in economic activity across major economies, particularly the U.S., has underpinned increasing fuel consumption. The spread of the highly infectious delta variant of the virus and uncertainty over supply from the OPEC+ alliance are clouding the outlook, however.

There are also signs that China’s rebound is slowing. It’s economy was always expected to descend from the heights hit during its initial rebound, but economists say the softening has come sooner than expected.

Oil’s upward momentum was interrupted last week after an OPEC+ meeting on output levels was abandoned. Crude capped its first weekly loss since May -- despite an end-of-week rally -- with the stalemate raising concern the group’s unity may fracture and lead to a price war. The alliance had been widely expected to restore more of the production sidelined during the pandemic

See also: Oil Bears Will Play Until OPEC Finds a Compromise: Julian Lee

“The data continues to point to strong growth in demand, however, investors are becoming increasingly concerned about the potential impact of rising cases of new variants of the virus,” said Daniel Hynes, senior commodities strategist at Australia and New Zealand Banking Group. Questions about OPEC+ output are adding to the uncertainty, he added.

The International Energy Agency will provide investors with a snapshot of the market on Tuesday with the release of its monthly report, while OPEC will also release its monthly report on Thursday.

The market’s bullish structure has eased slightly on the OPEC+ uncertainty. The prompt timespread for Brent was 82 cents a barrel in backwardation -- where near-dated contracts are more expensive than later-dated ones. That compares with 99 cents a week earlier.

See also: U.S. Oil Soars Above Mideast Crude on Rising Fuel Margins: Chart

The coronavirus remains a constant source of concern. The U.S. reported the most cases since mid-May as delta takes hold in less vaccinated areas. French officials warned of a new wave, while U.K. Prime Minister Boris Johnson will warn people to stay vigilant as he prepares to lift virtually all remaining restrictions in England. In Asia, Indonesia is in the throes of a major outbreak and case numbers are also high in Thailand and Malaysia.

Posted by limweechui > 2021-07-12 15:17 | Report Abuse

https://finance.yahoo.com/news/oil-extends-gains-investors-betting-224520271.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAD7utjv80n1nwhEkkt-9Dsuc9vx0sBoDtNvNYD8POB6SUg6UmljG3Q6JQkXWGJ11uevOanntuo4RqHVb8OAyNT3Sc0-JTPPwI82qVFSpJveOuDhBomHU2t0JiOpBaOvq693sjfnPt9q9nBrp2n2-kps2Aqtk0Z8qCvUh-mo469Xw

Posted by limweechui > 2021-07-12 15:18 | Report Abuse

Coming Qr should having a better outcome for techfast

Posted by justinwee87 > 2021-07-12 16:25 | Report Abuse

https://klse.i3investor.com/blogs/onehundredthrarefind/2021-07-05-story-h1567806983-RIGHTS_ISSUE_EXERCISE_APPROVED_IS_IT_TIME_TO_SEE_SOME_ACTION_FROM_THIS_.jsp

Posted by KINGCOBRA > 2021-07-12 21:28 | Report Abuse

have u noticed most of the above comments are misleading! why the prices dropped further after announcing those so called oil bunkering service? without announcing those service the prices was more stable previously ...please don't give false info just becuz you all are still stuck with higher price!

Posted by winetime > 2021-07-12 22:03 | Report Abuse

hhahah, the comment on above. I can answer your question.
Market sentiment so bad, no heavily drop also want laugh ad.
You still expect the stock price fly ? hahahahaha...

Posted by swimwithsharkss > 2021-07-14 17:57 | Report Abuse

Got some news on the company.. just wait for it

Posted by swimwithsharkss > 2021-07-14 19:22 | Report Abuse

@KINGCOBRA There are examples of company share price dropped post new development due to lack of understanding on it.. Just wait for turnaround profit then will shut the seller mouths up laaaaa