In response to the pandemic, some countries (such as United Arab Emirates and Oman) responded quickly and had taken the lead to strongly encourage Travel and Health Insurance coverage for its inbound passengers. Closer to home, Thailand have also followed suit and made Travel and Health insurance coverage mandatory for its inbound passengers. The Group is currently involved in various discussions with selected airlines which expressed strong interest to bundle insurance coverage in their value plan or air fares

From latest quarterly report

Glove industry is at peak now. Yes the profit margin is great now but it will take at least a few years to start glove manufacturing line from scratch. All major glove producers are ramping up production to meet rising demand. By the time Fintec starts to produce gloves, do you think there is still strong demand like now? And what do you think other major glove producers will do to fight for market share?

Fintec has been making so much of profits but they have never declared dividends. In contrast, they perform right issue to ask for more fund. Why are they doing that? What happened to all the declared profit?

Google right issue and check some of the companies who had right issue recently. See what happened to those share prices.

If Fintec is able to cash out some of it’s portfolios then it’s share price will shoot up. Investors realized that most of the gains are still on paper and the number of total shares increased as investors took the opportunity to convert preference shares. I guess it will stay around this price for some time. Unless there’s any major announcement or declaration of dividend.

It’s so easy for big sharks to make money nowadays. Acquire loss making companies, repackage it and then share price will go up automatically.

Was searching about zouk club being sold to Tulipa group then suddenly found this news.

https://www.theedgemarkets.com/article/fintec-global-takes-control-zouk-club-kl-rm29m-deal

https://www.channelnewsasia.com/news/business/oil-prices-bolstered-by-bigger-than-expected-drop-in-us-crude-stocks-13013144