Posted by M55555 > 2024-09-02 11:30 | Report Abuse

Traders talk about point of entries. Traders not interest in good or bad or even an PN17 counters. As long as good entry point and out just in time. Share holder or investor invest for future prospect . AND THIS is NOT the Counter. ANY Counters that do not increase shareholder value , pay dividend and have realistic biz( Not marketable securities) , should be avoid.

Posted by BLee > 2024-09-02 14:28 | Report Abuse

“5354_ > Up 1.5 sen it because of QR EPS 7.13 sen and NTA finally adjusted to RM 1.2024? Insas supporters also said Insas very undervalue.”

Insas is CASH undervalue, and every Quarters selling Inari shares to give Dividend from the sales. It is NOT employing the CASH to generate more profit.
On the contrary, Fintec is CASH poor, only Marketable Securities Rich. The Current and Non-Current Marketable Securities of RM122.9 mil vs Total Liabilities of RM33.035 mil; will do well in a bull market…

“M55555
Traders talk about point of entries… AND THIS is NOT the Counter. ANY Counters that do not increase shareholder value , pay dividend and have realistic biz( Not marketable securities) , should be avoid.”

Well said. Fintec needs to improve holding good Marketable Securities; and “THIS is the Counter that increase shareholder value, pay dividend and have realistic biz…and becomes everybody's darling stock” in the not so near future. If we know the future, that won't be any investment risk and won't be ‘TradeAtYourOwnRisk’...

Posted by Musang King > 2024-09-02 19:28 | Report Abuse

Investors will come running in to Fintec once the few counters that Fintec is holding start to move up. With the latest QR report, only a small move is detected in the Bursa and thus, Fintec reported an increase of RM15.6 Millions paper profits in the last quarter. I hope with Malaysia getting more foreign investors in and our Malaysia's Economic scenerio improved as reported by the Foreign Media. Praying for the best.

Posted by hsong > 2024-09-02 20:24 | Report Abuse

Which counters fintech holds

Posted by whistlebower99 > 2024-09-03 10:23 | Report Abuse

Crony conters like AT, netx, focus, komark, vsolar, mlab, saudee,etc
Mostly fund raising company using shares issuance to PP, ESOS, etc

https://www.bursamalaysia.com/market_information/announcements/company_announcement#/?category=all

Search

Keyword minimum of 5 characters, including spaces.
FINTEC

Category
Changes in Shareholdings

Posted by Musang King > 2024-09-03 17:34 | Report Abuse

FYI, hsong. Fintech currently holds 1. Focus Dynamics >30%, 2. DGB Asia >7%, 3. Netx >20% and Seacera >23%.

Posted by whistlebower99 > 2024-09-03 21:42 | Report Abuse

FOR NEWBIES

Directors continue to reward with ESOS

(a) Date of offer : 2 September 2024
(b) Exercise price of options offered : RM0.195
(c) Number of options offered : 5,301,000
(d) Market price of FINTEC’s shares on the date of the offer : RM0.195 each
(e) Number of options offered to Directors of FINTEC : Nil
(f) Vesting period of options offered : Not applicable



This announcement is dated 2 September 2024.

OTHERS | https://www.klsescreener.com/v2/announcements/view/7710569

=======
NOSH continue naik naik
Shareholder equity % and EPS continue diluted

Expect directors to do more fund raising via shares issuance to PP ESOS or RI

Posted by BLee > 2024-09-03 22:35 | Report Abuse

“hsong > Which counters fintech holds”

It is a very big ‘web’; one answer is in this comment:-
“TheContrarian > The people here doesn't know that Fintech owns 20.68% in Netx which in turn owns 15.75% in Mlab?”

There is another version by below forumer:-
“whistlebower99 > Crony conters like AT, netx, focus, komark, vsolar, mlab, saudee,etc
Mostly fund raising company using shares issuance to PP, ESOS, etc”

AT, Komark, Vsolar and Saudee already disposed of as detailed below; furthermore…
Some share the same directors, some are not. Some share the same registered office (so called Lien Hoe group), some do not.

The big ‘web’ (old info) is well illustrated in the article link:
https://klse.i3investor.com/web/blog/detail/savemalaysia/2021-04-21-story-h1564077216-Special_Report_Hidden_hands_behind_penny_stock_surge_under_scrutiny

As shown in the chart, Mlab is not directly under Fintec. Fintec only holding 1.31% in AT; after “ABC had disposed an additional 150,551,800 ordinary shares in open market” and
“...As of the announcement date, the indirect shareholdings of FINTEC and direct shareholdings of ABC in ATS are 71,048,200 ordinary shares or equity interest of 1.31% respectively.
This announcement is dated 20 January 2022.”
Link: https://www.klsescreener.com/v2/announcements/view/3491263
“Pursuant to Rule 9.19(27) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of FINTEC wishes to announce that its wholly-owned subsidiary, Asiabio Capital Sdn. Bhd. (“ABC”), and the Company have on 22 June 2021 ceased to be substantial shareholders of Komarkcorp Berhad (“KOMARK”) due to the disposal of 33,000,000 ordinary shares (representing approximately 91% of ABC’s total shareholdings in KOMARK) in open market.
As of the announcement date, ABC and FINTEC do not hold any equity stake in KOMARK.
This announcement is dated 3 August 2021.”
Link: https://www.klsescreener.com/v2/announcements/view/3403621
“Reference is made to the announcements made on 3 August 2021 pursuant to Rule 9.19(27) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") and the query letter dated 6 August 2021 from Bursa Securities.
The Board of Directors of FINTEC wishes to further announce that its wholly-owned subsidiary, Asiabio Capital Sdn. Bhd. (“ABC”), that is principally involved in the investment of marketable securities, had disposed all its shares held in Komarkcorp Berhad, VSolar Group Berhad and Saudee Group Berhad.”
Link: https://www.klsescreener.com/v2/announcements/view/3406129
From the list, as far as I know, Fintec still holds Netx and Focus Dynamic only…
An interesting read of some answers to rumors and others shareholding in this link: https://www.klsescreener.com/v2/announcements/view/3347657

Disclaimer: All info is extracted from Link as indicated; any error or misrepresentation shall BE excused..Happy Trading and TradeAtYourOwnRisk

Posted by BLee > 2024-09-03 23:18 | Report Abuse

“whistlebower99 > FOR NEWBIES
Directors continue to reward with ESOS…”

As on item (e) Number of options offered to Directors of FINTEC : Nil,
how “Directors continue to reward with ESOS…”?? The other statement “NOSH continue naik naik Shareholder equity % and EPS continue diluted” is correct; alas at a ratio of 5.3/197.89

The ESOS is NOT something new, already spelt out prior to Consolidation exercise as below:-
“The Company has the following convertible securities:
(i) 222,908,385 outstanding ICPS;
(ii) 170,092,838 outstanding Warrants A; and
(iii) up to 155,145,300 ESOS Options which may be granted and exercised pursuant to the maximum allowable amount under the ESOS.
The Company does not intend to grant any ESOS Options prior to the completion of the Proposed Share Consolidation.” The items i, ii and iii need to divide by 30, and item ii expired..

Posted by 5354_ > 2024-09-05 04:25 | Report Abuse

No chance anymore to buy below ESOS 19.5 sen?

Posted by Jack Khan > 2024-09-05 05:58 | Report Abuse

Better don't touch such counter and related counter!

Posted by Musang King > 2 months ago | Report Abuse

(a) Date of offer : 2 September 2024
(b) Exercise price of options offered : RM0.195
(c) Number of options offered : 5,301,000
(d) Market price of FINTEC’s shares on the date of the offer : RM0.195 each.

ACCORDING TO THE ABOVE, 5,301,000 SHARES ISSUED FROM ESOS IS THE LAST ESOS BUT THE OFFER EXCEEDED THE 155,145,300 STATED IN NUMBER (iii) ABOVE. WHY?

Posted by Musang King > 2 months ago | Report Abuse

155,145,300 DIVIDED BY 30 = NOT MORE THAN 5,171,510 ONLY SHOULD BE ALLOWED. WHY ISSUED 5,301,000 NEW ESOS SHARES LATELY???

Posted by JJPTR > 2 months ago | Report Abuse

Good news, China will impose new rules on plc that have continuos 5 qtrs of loses. Existing CEO and senior executives compulsory to step down and replaced.

Posted by M55555 > 1 month ago | Report Abuse

Itu China.. Malaysia will do ke ?

Posted by Change_ > 1 month ago | Report Abuse

Cannot do, GE16 kick out present govn.

Posted by M55555 > 2 weeks ago | Report Abuse

Itu China.. Malaysia will do ke ?

Posted by limch > 1 month ago | Report Abuse

2024 Annual Report out today. Top 30 shareholders own 26.6% of Fintec. None of you who post(or own shares) here belong to top 30 am I correct?

Posted by M55555 > 3 weeks ago | Report Abuse

Kesian the top 30.... look like they are not related to the company

Posted by M55555 > 1 week ago | Report Abuse

Kita tunggu QR.... yes..... Do not worry.. A company with BODs of
Highly-skilled professionals with strong knowledge and experience in various key corporate fields include Capital Market Advisory, Corporate Finance Advisory and Private Equity Investments, Marketing, Customer and Relationship Management, Financial Management and Investment Strategies.