Guys, Fintec own 510 million or appro. 25% shares of Focus shares & their cost is appro. RM40cts ...today it is RM2.6 , a diff of RM2.2...the value of Focus shares alone is about RM1.0 billion....
They own about 20% of Komark , bought at 40cts who will be venturing into the Mask business & Fintec will be venturing into the Glove business..
Finally , profit for 3Q ending 30/9/2020 to be announce in mid Nov will be at least RM500.0 million & for period ended 31/3/2020 , it was around RM150.0 million ....
They are smart, u r stupid. Use Fintec's money goreng Focus through the roof. Then sell their shares to fintec at 7 times the price. 700%. Pay fintec dividend 1sen, so that fintec can go up 20sen, that's only 3 times....when they are done with Focus. THen maybe, maybe they will come do this for fintec. Goreng another round.
why_no_dividend ASB 0.5 sen dividend 20 sen? Fintec if give 0.5 sen get 11 sen more why not good? BOD stupid?
Upcoming new star for gloves manufactured business but short of cash, maybe billionaire like Mr. Tony F can give money to make Fintec dreams comes true one day....
Guys, there are reasons why the action has not started. Expect the goreng to start only on the last week of October .... those who are familar with this counters wil only understand ...last chance wagon for those who undertand the modus operandi and the value of this company..I have elaborated enough on this counter.
thanks! didnt know that, as i was just purely following the price action and momentum of the stock. it seems like it is going to be mahsing number 2? haah
The people at Fintec are very astute people. Making money left and right. Holding down fintec price for reasons known to them. It's not a con company Looks like it will be the star performer coming week.
paultan , you are absolutely right ...the counter move up they made $ and come down they made $....to buy this counter , you have to premept their move and timing andl you wil made $ & wont get burn ...and if you get it wrong , u wont lose a lot of $ ...evaluate the risks/return here.... if yyou start to buy when vol pick up and price start moving , god bless u....
At current price , it is worth to buy provided you know what u r buying it for....the rest I leave you guys to figure it out on what I am saying ...
Guys , allow me to explain as to why I recommend that Fintec at this price is a buy :
a. The company is expected to declare a profit of min of RM500.0 million mainly from the mark to market of their 25% investment in Focus , which has rised from 82 cts as at 30th June 2020 to 2.20 as at 30 Sept 2020. ....they also bought Komark ie about 17.0% at 40cts and the market gain is appro. RM 20.0 million..
b. The NTA of the company is currently around 50cts and with the RM500 plus illion profit , it will balooned to about 80 cts. Their current price is only 11 cts..
c. The rights issue/warrant exercise will be approved on 26th Oct 2020 . They have to block the shares price cap to decide on what price they want to pricee the rights and the exercise price of the warrants. If the exercise price of the warrant is too high, it will not be attractive to the operators.
The price fixing date is expected after 26th Oct and tomrrow is the countdown for the price fixing...i expect the Right/Exercise to be between 6-8 cts , to make this share to fly.
d. they are also venturing into thee Gloves business and the rights is to finance the Glove business.. They also have 20% stake in Komark whih plan to venture into Facce Mask.
e. The rights entitlement and the 3Q result is all expected by 2nd & 3rd week of October, where the action will start.
It for you Guys to decide , if if you believe in itt , buy now and now wheen the shares start moving .....a min of 50.0% profit from this price is attainable witth limited calculated risks, from the exercise which they are undertaking...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Why_
794 posts
Posted by Why_ > 2020-10-15 16:47 | Report Abuse
Ask/call Fintec IR you will lose RM 1K/10K your phone bill?
Sunshine2210 why this co so big profit but nvr declare dividend?
15/10/2020 3:27 PM