Posted by kenjishou2 > 2021-07-15 15:41 | Report Abuse

Techfast aims big in oil trading and bunkering

There is also a profit guarantee of RM5mil per year from CCK Petroleum for a period of two years for financial year 2021 (FY21) and FY22. With the 35% stake, this translates to a net profit contribution of RM1.75mil per year to Techfast.

At the same time, the group is undertaking a proposed rights issue with free warrants, with potential proceeds of up to RM109.2mil, to finance its new venture of petroleum trading and oil bunkering business.

The group is also in the midst of disposing of its subsidiary, Techfast Precision Sdn Bhd, for RM6.1mil cash. Techfast Precision is involved in the manufacturing and distribution of specialised fasteners and related precision turning and machining parts.

Tan said the technological advancement in the assembly process of electronic products such as computers and televisions has rendered the main products of Techfast Precision obsolete with lower demand.

“Due to the declining prospects of this business, the group has decided that it is more favourable to dispose of Techfast Precision in order to pursue other profitable activities such as our foray into the bunkering space.”

https://www.thestar.com.my/business/business-news/2021/04/26/techfast-aims-big-in-oil-trading-and-bunkering

Posted by darkxfs > 2021-07-15 23:24 | Report Abuse

Look like right issues soon 2 free wa

Posted by darkxfs > 2021-07-15 23:27 | Report Abuse

Price will up? Everytime ri price drop, only after OR then they start goreng

Posted by darkxfs > 2021-07-15 23:28 | Report Abuse

Mybe need drop first then up

Posted by unclecalvinchu > 2021-07-17 19:02 | Report Abuse

so quiet recently on this counter.. maybe operator collecting? bottomed around 25 cents leh!

Posted by koxkox > 2021-07-17 19:15 | Report Abuse

Chart looks ok for now, at least risk low lor

Posted by koxkox > 2021-07-17 20:26 | Report Abuse

Anyone have any comments on the new business?

Posted by swimwithsharkss > 2021-07-18 17:22 | Report Abuse

@koxkox

Should be good business recently, busy port activities.

Posted by hwangjoey1 > 2021-07-21 16:20 | Report Abuse

goreng goreng soon

Posted by swimwithsharkss > 2021-07-26 03:29 | Report Abuse

Looking good now :)

Posted by enlistcapital > 2021-07-26 11:12 | Report Abuse

https://klse.i3investor.com/blogs/truthfinder2021/2021-07-26-story-h1568787018-A_hidden_oil_company_you_do_not_want_to_miss_for_its_potential_upside.jsp

Posted by whistlebower99 > 2021-07-26 13:10 |

Post removed.Why?

Posted by nasilemak5 > 2021-07-27 09:26 | Report Abuse

Really annoying to see this account that spamming all around. But no harm. I just started to ignore that whistlebower99

Posted by alvinchua87 > 2021-07-27 13:20 | Report Abuse

https://klse.i3investor.com/m/blog/Stockwinners/2021-07-27-story-h1568816870-IMPORTANT_KANGER_HAD_EXPLOSIVE_EARNINGS_MOVING_FORWARD.jsp

Posted by LossAversion > 2021-07-27 13:27 | Report Abuse

@whistlebower99 . You will be GREAT if you can whistleblow any of our current Government's mis-doings.....You are perhaps intended to do the right things, but ended at the wrong place where you are not appreciated, and wasting your own precious time!!!!

Posted by lok8888 > 2021-07-29 11:10 | Report Abuse

https://klse.i3investor.com/blogs/truthfinder2021/2021-07-29-story-h1568845606-A_very_serious_talk_on_TECFAST_s_rights_issue.jsp

looks very promising, i'm taking their rights share

Posted by lok8888 > 2021-07-29 11:10 | Report Abuse

sh price already stabilized

Posted by GorengGroupFB > 2021-08-01 18:07 | Report Abuse

Hahaha gang yang sama dengan xox
Lihat bawah

received many PM, please share more info with me.
I am noob investor.

Aiyio management is trying to find money, now they move to tecfast, permaju and lambo to search for cash by diluting retailers.

OMG why XOX want to become warrent buffet? Dont understand? please explain.
I thought they are telco? Why did they collect cash and use to goreng goreng?
Any reason or benefit they choose to be warren buffer?
Anyone benefit from their goreng activities?

Who is Chai Woon Ch3t? Can tell me?
Who is Ng Kok H3ng?
Who is Roy Ho Y3w K33?
Why are they so famous? I heard many reports are submitted to MCMC, LHDN, Police, SC and various regulators? Why is it so?


From the above comment, please confirm??

XOX has ended up as warrent buffet in the following stocks
1. Spent RM2.6M to buy M3Tech @ 0.036 average price, now price is 0.05
2. Spent a whoping RM22M to buy MACPIE @ 0.47, now price is 0.08
3. Spent RM39M to buy NEXION technology @ 0.33, now price is 0.23
4. Spent RM30M to buy DGB @ 0.12, now price is 0.06
5. Spent RM44.6M to buy CHeetah@ 1.32, when market price is only 0.30
Total cash spent on buying penny dormant company stocks RM130M BURNT, and channel into pocket.
Isn't that brilliant idea?

Source : Facebook page

https://www.facebook.com/goreng.tipu/posts/106688898222811

Posted by dchin472 > 2021-08-02 02:13 | Report Abuse

tecfast 2nd largest shareholder is kanger steven kuah

Posted by darkxfs > 2021-08-02 15:48 | Report Abuse

Big drop

Posted by darkxfs > 2021-08-02 15:48 | Report Abuse

Bad news or

Posted by hwangjoey1 > 2021-08-02 16:14 | Report Abuse

bad day for market, hoping to close green today

Posted by darkxfs > 2021-08-02 18:14 | Report Abuse

Look like no split right issus soon

Posted by darkxfs > 2021-08-02 18:15 | Report Abuse

Big shark already know earlier, they all sell around 0.280-0.300

Posted by darkxfs > 2021-08-02 18:16 | Report Abuse

That times a lot of good news come they all sell

Posted by darkxfs > 2021-08-02 18:17 | Report Abuse

Now they wait price drop, or they press it n wait people sell to them

Posted by darkxfs > 2021-08-02 18:20 | Report Abuse

If no people sell they press as low as they can then ri with low price they can get it

Posted by darkxfs > 2021-08-02 18:24 | Report Abuse

If you sell they buy many then they will goreng n try sell to other victim that time we already no share cannot get anything, all they control

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

Rights issue not already accepted at meeting? 1get2 free1 warrants? Yesterday meeting?

Posted by darkxfs > 2021-08-03 08:12 | Report Abuse

Dunno what rights issue price, 900m rights isdue, after rights issue total 1300m share too many

Posted by CharlesT > 2021-08-03 08:16 | Report Abuse

Dont worry, few years later likely to do shares consolidation of 10 into 1 etc

Posted by CharlesT > 2021-08-03 08:17 | Report Abuse

Then again may have another rights issues not long after that

Posted by dchin472 > 2021-08-03 13:50 | Report Abuse

really fast drop very fast

Posted by tonygofly > 2021-08-03 16:02 | Report Abuse

Tecfast become Fast energy now

Posted by BILLC > 2021-08-03 17:33 |

Post removed.Why?

Posted by nasilemak5 > 2021-08-03 18:09 | Report Abuse

hahahaha, Go fast go safe.

Posted by Eric963708 > 2021-08-03 20:06 | Report Abuse

RI means?

Posted by hakubasnow > 2021-08-03 20:07 | Report Abuse

@jonathansiew

Where was it mentioned that the right issue price is fixed at 0.13 ?

Posted by dianatrader > 2021-08-03 20:13 | Report Abuse

The price rise far from that fixed price

Posted by hakubasnow > Aug 3, 2021 8:07 PM | Report Abuse

@jonathansiew

Where was it mentioned that the right issue price is fixed at 0.13 ?

Posted by whistlebower99 > 2021-08-04 10:58 |

Post removed.Why?

Posted by KINGCOBRA > 2021-08-04 11:00 | Report Abuse

another conned counter

Posted by whistlebower99 > 2021-08-04 11:20 |

Post removed.Why?

Posted by whistlebower99 > 2021-08-04 14:54 |

Post removed.Why?

Posted by tonygofly > 2021-08-04 15:10 | Report Abuse

Stop spamming your blog everywhere man, go everywhere also can see your useless spam

Posted by Aero33 > 2021-08-04 20:09 | Report Abuse

https://www.google.com.my/amp/s/www.nst.com.my/amp/business/2021/08/714853/fast-energy-expand-energy-footprint

Posted by whistlebower99 > 2021-08-05 10:07 |

Post removed.Why?

Posted by whistlebower99 > 2021-08-05 10:50 |

Post removed.Why?

Posted by whistlebower99 > 2021-08-05 11:39 | Report Abuse

Flooded with news to attract and lure new victims.

Similar to other penny stocks asking for money from shareholders

LAMBO style, MACPIE style, XOX style ?

Posted by whistlebower99 > 2021-08-05 11:42 | Report Abuse

Should be like KANGER style ?

Posted by whistlebower99 > 2021-08-05 11:45 | Report Abuse

Ask Mr. KUAH CHOON CHING