Dont trust KKY anymore. His MMC call was a Fake. Making ppl buy but he sells.

Chuan Huat NTA 1.75 but all chasing LF 1.22.

Gtrade : UNit trust cannot suka suka do PP/RI/ESOS to dilute original investor holding.

Fintec can do it but they cannot do it everyday. Only 30% of the paid up capital is allowed. One day, they have to vomit it out back to us. Unless, they took our money and run away.

LF now 86.5 sen and CH now at 47 sen. Chuan Huat still very very cheap. Go go go. You can catch up with LF. Leon Fuat getting hot now.

OK will keep this AZRB long term. Big money coming in.

Lately, Leon Fuat too had added some machineries bought from AIS to manufacture long section products into their operation.

Buy Chuan Huat now. You won't go wrong. The only advantage LF has is their Bank has a positive balance of RM33 Mil. extra due to their 2017 land compensation from the MRT Line 2 acquisition.

Leon Fuat is now at 80 sen a share market value. But Chuan Huat is still at 44 sen. A study done on both entities found that LF did not report any loss due to depreciation of value of stocks during the period 2018 to 2020 ( hidden or silent about it but Chuan Huat is more transparent that they reported the stock loss of RM15 Million.) Both LF and CH have the almost the same kind of businesses except Chuan Huat's stocks are easier to count and stock take while Leon Fuat (because of their added procession) their stocks are difficult to stock take. Leon Fuat did not report any loss during the same period but in fact all the same industry suffered during this period. Just looking at Ann Joo and Southern Steel, their losses are massively reported during the same period.

FINTEC CAN MAKE ITS OWN SHARE DOWN, DOWN AND DOWN. THEY CAN ALSO MAKE IT UP AND UP AND UP ONE DAY. JUST HOLD ON TO ALL YOUR FINTEC SHARES YOU ARE HAVING WITH YOU. BUY NOW AT 5 SEN AND GAIN 10 TIMES IN THE FUTURE. JUST WAIT. DO NOT WORRY.

YOU ALL ARE CORDIALLY INVITED TO REPORT FINTEC TO THE SC, SSM, POLICE, HLDN AND THE BURSA AUTHORITIES FOR THEIR CHECKING. IT IS PERFECTLY HEALTHY TO HAVE THEM INVOLVED SO THAT FINTEC NAME CAN BE CLEARED AND FREE FROM ABUSE AND MANIPULATION. CHEERS IF YOU HAVE REPORTED.

THIS LAST QUARTERLY REPORT OF LOSS IS IN TANDEM WITH THE CURRECT SHARE MARKET PRICES. THE PREVIOUS QUARTERLY GAIN OF RM720 MILLION WAS ALSO IN TANDEM OF THE HIKE IN ALL THE SUBSIDIARIES AND THE ASSOCIATED ENTITIES THEY FINTEC OWNED. SO, THERE IS NOTHING TO WORRY ABOUT. THEY ACTUALLY ACTING LIKE THOSE UNIT TRUST COMPANIES IN THE MARKET, ALL THE SAME. I STRONGLY BELIEVE, ALL THOSE ESOS, SIS AND PRIVATE PLACEMENTS UP TO 30% OF THE PAID UP COMPANIES ARE DULY ALLOWED BY THE SECURITIES COMMISSION. THEY ARE PLACED WITH THE ENDORSEMENTS AND APPROVALS OF THE SECURITIES COMMISSION OF MALAYSIA.

Yes. If Leon Fuat is under-rated. What about Chuan Huat? Much better NTA than Leon Fuat. Yeah. I too suspect KKY is offloading LF and that's why he is promoting LF now. Take a look at Chuan Huat's NTA. Having same biz and more diversified than Leon Fuat's biz.

Do not recommend too many other stocks or else you will lose creditability Uncle Koon. Concentrate on OSK alone. You will never go wrong this time. I am supporting you. Cheers.

Nevermind what ppl said. I believe Uncle KKY this time. Good recommendation from you. Make sure we huat together this time. OSK is a solid company. Buying OSK is like buying RHB 10%. If OSK sells RHB now, OSK receives RM2.169 Billion which is equal to paying RM1-00 each back to each OSK investor if dividend is declared. Bravo Koon Yew Yin. Hope Uncle KKY is correct 100% this time. I will buy more OSK from now on. Thanks Uncle Koon. Salutation to you. Cheers anyway.

Believe Uncle KKY this time. Good recommendation from KKY. Make sure we huat together this time. Buying OSK is like buying RHB 10%. If OSK sells RHB now, OSK receives RM2.169 Billion which is equal to paying RM1-00 each back to each OSK investor if dividend is declared. Bravo Koon Yew Yin. Make sure Uncle KKY is correct 100% this time. I will buy more OSK from now on. Thanks Uncle Koon. Salutation to you. Cheers.

Clap ! Clap ! Clap ! That's correct. Starisborn. I hope Fintec do as you said.

https://klse.i3investor.com/blogs/InvesthorsHammer/2021-02-28-story-h1541943398-A_TRULY_OVERLOOKED_STEEL_STOCK.jsp

PLEASE READ ARTICLE WRITTEN BY INVESTOR " A TRULY OVERLOOKED STEEL STOCK !!!! "

Agree with nemesis all along. Hold the stock for long term gain. MK Land can do it to reach RM3-00 based on their NTA of RM1-00 now. A lot of hidden values inside MK Land futures.

Bravo...Clap Clap Clap MK Land sure back to over 40 sen soon. Keep this stock for long term investment.

Why keep asking Employees to subscribe to ESOS at market value. Time to stop all this and start buying your own shares. Now it is dirt cheap at 7 sen agst your NTA of 91 sen.

[FINTEC] ESOS on 04-Mar-2021
Stock [FINTEC]: FINTEC GLOBAL BERHAD
Announcement Date 04-Mar-2021
Listing Date 05-Mar-2021
New type/class? No
Type ESOS
Details Share Issuance Scheme
No. of shares issued 67,094,200
Issue Price Malaysian Ringgit (MYR) 0.070

Chuan Huat business is quite similar with Leon Fuat. In fact, Chuan Huat manufactures Wire Mesh, BRC, Scaffolding steel and other construction tools. Chuan Huat business is even more diversified than Leon Fuat.

CHUAN is 100% better than Leon Fuat in term of Higher NTA, Lower No. of Shares , Lower Directors Remunerations, Same Profitability, more stability, less gearing and business economy. Buy Chuan Huat now for a huge discount of 74%. NTA of Chuan is now RM1.76 per share.

https://klse.i3investor.com/blogs/klfc/2021-03-03-story-h1542002050-WORLD_STEEL_COMPANY_SHARE_PRICE_IN_RALLY.jsp

OK to buy more into Chuan Huat now at 42.5 sen with NTA of RM1.75 per share. All investors must buy long here in order to help Chuan Huat to move up to at least over 60 sen per share. I really hate the latest ruling that allows Short Selling by the SC. We all small investors must hold long and teach the short sellers a big lesson like Stop Game small investors did in the US.

OIC. Wrong assumption I have made. Sorry for such an oversight on my part, did not read the transaction deal written it was "off market married deal".

Good news. Dato Lim Khoon Heng is buying up 234,000 shares on the 18/1/2021. Keep it up, Dato Lim. You have my support. An MD buying back his own company shares from the open market is a very good sign and trust we can see for ourselves.

No more 4 or 5 sen. It was last time before they made announcement of making RM720.5 Million in the last quarterly report. Today price of 7.5 sen should be the lowest we can get. Hope I am not wrong. God bless.

Chuan Huat biz is picking up lately and the last qrtly report is back to profit zone. New tie-up with Akisama Group building up the whole city of Razak City Residences with 6,000 units of medium cost service apartments just located across the Prime Land of 1MDB KL Old Sg Besi Airport helps Chuan Huat to produce some good results soon. Together maybe a proposal of Dividend plus Bonus Issue is on the way too. Just Imagine, a small public listed company like Chuan Huat owning a few large pieces of Industrial Lands in KL, Shah Alam as well as some in Nilai too. Cheers. To me, buying into Chuan Huat is a Sure Win. Please also do your own investigation into Chuan Huat yourself before investing. Chuan Huat is still cheap and investing now is at 437% discounted from its real value.

Moving today. At last I see someone big interested to buy into Chuan Huat today, a very much under-valued stock with NTA ( Net Worth ) per share of RM1.75 now available in KLSE at 40 sen + only. All other steel counters already up surpassed 100% since March 2020 Covid-19 lockdown.

Sell first. Dont pick up coz PBB is costly. Today sellers more than Buyers 3:1. PBB beh tahan today. Maybe buy later when the selling has stopped.

Bought another 500,000 units at 7.5 sen whenever the opportunity comes. I saw nobody buys during the last 10 min. closing with sellers around 4 million selling at 7.5 sen. After I bought, phew.....someone big buys everything up and put in another buy waiting for more than 10 to 20 million units to buy at 7.5 sen. So funny one.

The funny thing is that ESOS keeps coming but none of them belongs to any Directors. They are none. So strange.

Agree 100% with Reap88. Public got scared because those ESOS and SIS never stop.

Either we are all easily cheated by Fintec or in another word, nobody sees Fintec is really making tonnes of monies. Even their Quarterly and Annual Reports are actually fake accounting according to our Bursa investors. How funny?

The problem with Fintec is nobody even their own BOD believes Fintec making so much monies in the stock market recently. That's why we can still buy Fintec at 7.5 sen and 8 sen now. Isn't it a MIRACLE.???

Another ESOS exercise today for new 67 millions shares at the average price of 7.8 sen. This exercise made Fintec richer by RM 5.226 million cash richer. I wonder who actually buy all these shares at ESOS level. No name mentioned.

https://klse.i3investor.com/blogs/THP/2021-01-22-story-h1540095402-STEEL_Industry_HOT.jsp

Everybody will be rushing to buy Fintec if the Fintec directors do it first. So simple an answer.

If Fintec directors not buying Fintec, who dares to buy. 7.5 sen is half sen below RI of 8 sen.

The Edge cover FINTEC.

Turkey Of The Year: The rally in penny stocks and their subsequent plunge
TheEdge Tue, Jan 05, 2021 03:30pm - 4 days ago


IN September this year, The Edge ran a piece titled “Hidden hands behind penny stock surge”, which showed the relationship between 21 companies, all connected via similar shareholders and/or directors and all exhibiting unusual peaks and troughs, jolting share prices for no apparent reason.

Behind these companies is an individual or a small group of individuals controlling things and making a mockery of corporate governance standards.

Interestingly enough, it is understood that there are about 40 companies controlled by the hidden hands.

At the apex of the maze of companies is Fintec Global Bhd, a company that does not have a core business except to act as an incubator. On Fintec’s website, it says, “The name ‘Fintec’ mirrors our motto of ‘financials before technology’, that is, we first and foremost look to the existing and/or potential financial performances of the companies in need of capital injections before all other merits such as technology, business nature and business plan are considered.”

According to its annual report, it has investments in start-ups but it is worth noting that Fintec also invests in several small-cap, publicly traded companies.

Companies under Fintec’s belt include Saudee Group Bhd (21.55%), AT Systematization Bhd (28.29%) and Focus Dynamics Group Bhd (25.04%). There are also companies such as Green Ocean Corp Bhd and Trive Property Group Bhd, in which Fintec has indirect stakes via Saudee Group and AT Systematization. It is also noteworthy that at end-November, Fintec ceased to be a substantial shareholder of NetX Holdings Bhd.

Some of these companies, such as Fintec and AT Systematization, were in the news for announcing new ventures, including into glove making. It remains to be seen whether they are successful in these ventures.

Nevertheless, Fintec’s “jewel in the crown” is Focus Dynamics, which operates seven food and beverage outlets. It mustered a net profit of RM7.26 million from RM42.88 million in revenue for the nine months ended September this year. Despite having accumulated losses of RM40.26 million, Focus Dynamics at the time of writing was trading at 65 sen, giving the company a market capitalisation of almost RM4 billion, and was listed on the MSCI global small-cap indices last month.

Whether such a high market value is justified for a company that raked in RM7 million in net profits is questionable. So far this year, Focus Dynamics’ share price has shot up more than 390% from 13 sen as at end-2019, with no apparent reason for the meteoric rise.

Just prior to this article, Fintec pocketed RM26.74 million in cash, selling 768.15 million of Focus Dynamic’s warrants on the open market.

This year alone, Fintec has completed two share placements and one rights issue with free warrants, raising RM182.6 million. Note that as a reprieve to companies hit by the pandemic, Bursa Malaysia relaxed the rules on private placements, allowing listed companies to place out not more than 20% of the total issued shares, from the existing 10%, until Dec 31, 2021 — subject to shareholders’ approval.

Most of the companies in which Fintec invests are loss-making and small in terms of market capitalisation, and seem to lack a clear business direction or strategy.

Other stocks (besides Focus Dynamics) that have shown simi­lar gains but plummeted include loss-making Anzo Holdings Bhd, a company dealing in timber products that gained more than 1,000% from mid-May to hit a high of 26 sen in July. It closed at 8.5 sen on Dec 23, losing 67% from the peak.

PDZ Holdings Bhd, an ailing shipping company, was trading at one sen in mid-March but, at end-June, it gained more than 500% to reach its peak of 32.5 sen this year — a remarkable feat, considering it is mired in lawsuits and has no significant shipping assets. Closing at 7.5 sen on Dec 23, it is down 77% from the peak.

Meanwhile, loss-making XOX Bhd, which is involved in cellular telecommunication services, gained more than 430% from mid-July to hit a high of 39.5 sen at end-August. In mid-March, XOX was trading at one sen.

Anzo, PDZ and XOX are linked to Fintec via its directors. All three companies have announced corporate exercises, including placements of shares and rights issues.

Meanwhile, Saudee Group’s stock hit a low of eight sen on March 17, but picked up momentum in June to hit a 52-week high of 67 sen on Aug 13, gaining more than 300%. It closed at 50 sen on Dec 23 — down 25% from the peak.

While there is reason to believe that the regulators are indeed looking into the companies and their erratic share price movements, and that the authorities have actually commenced investigations, it is unclear whether there will be any follow-up action aside from an unusual market activity (UMA) query by the exchange.

Posted by alan123 on 10/1/2021 above. Replying to Edwardong53

jlex11 recovery ; wild dreams...I believe fintec shareholdings are held up vide a group of nominees...they are in control of the company and can easily outvoted you ...

Have you wonder why they can easily do private placement which other companies struggle to do it ...the answer is right in front of you ..

jlex11. I believe this Fintec is controlled by a group of nominees behind the door. No need to be so transparent. I believe Fintec can do it after all where can you find companies or public entities in Malaysia that can make so much money in a short time. Buy into Fintec at 8 sen now for your Returns as well as their Returns can be very huge.

Yes. I am watching this MK Land. Buy when it is still cheap.

DIRECTORS’ INTERESTS IN SHARES
The shareholdings in the Company and related corporations of those who were Directors at the end of the financial year, as
recorded in the Register of Directors’ Shareholdings kept by the Company under Section 59 of the Companies Act 2016 in
Malaysia, are as follows:
Number of Ordinary Shares
Balance
as at
1.4.2019 Bought Sold
Balance
as at
31.03.2020
In the Company
Direct Interest:
Leung Kok Keong 333,350 - - 333,350
Tan Sik Eek 333,333 - - 333,333
By virtue of Leung Kok Keong’s and Tan Sik Eek’s interest in the shares of the Company. Leung Kok Keong and Tan Sik Eek are
also deemed to be interested in the shares of all the related corporations to the extent the Company has an interest.
The other Directors in office at the end of the financial year, did not hold any interest in the Ordinary Shares of the Company
and related corporations during the financial year, according to the register required to be kept under Section 59 of the
Companies Act 2016 in Malaysia.
DIRECTORS’ SHARES IN FINTEC ARE SO SMALL THAT EVEN ANY OF US HERE CAN OVER TAKE THEIR SHARES POSITION. WHAT A SHAME?

Agree with you, Reap88. Directors must show good example by holding or buying their own company shares to boost the investors confidence. If these directors do not have their shares to show, they might as well resign straight away and let investors with trust and confidence run the group. Right?

Due to market weakness, I managed to buy an additional 1 mil shares at 16 sen at 4.40 pm today. I have faith the KLSE market will rally again after a short breather and profit taking week. Today last minute, the KLCI closed 30 points higher and all the Glove Industry stocks like Harta (up RM1.60) , Supermax (up RM1.25) and Topglove (up RM0.70) increased double digit gain today. I wish that the political leaders stop dreaming and stop all their political hoo haa for the sake of the country's economical stability.

I WOULD BUY FINTEC AS MUCH AS I COULD AT TODAY'S 8 SEN PRICE PER SHARE IF ONLY FINTEC DIRECTORS THEMSELVES CAN BUY INTO FINTEC SHARES TO BECOME AS A SUBSTANTIAL SHAREHOLDERS. THE REASON WHY PUBLIC SHY AWAY FROM FINTEC IS BECAUSE THEIR OWN DIRECTORS THEMSELVES DO NOT OWN ANY FINTEC SHARES. HOW WEIRD AND STRANGE?

ctooi51. Please read the above postings of mine explaining why the change of auditors is a must for Fintec. It was the Auditor's fault that had nothing to do with Fintec. Fintec only needed to change that Auditors because of suspension of licence imposed by SC to the former Auditors Siew Boon Leong & Associates effective 19 October 2018.

God bless. I managed to get 500,000 shares at the price of RM0.165 just now. Queue to buy more at 16 sen too.