A potential hidden gem for long term investment. Kenanga report says MPI secured a new lucrative business from Bosch to manufacture Bosch's Silicon Carbideto for Tesla and to be used in other EV Cars. Which explains why the sudden spike in price as Tan Sri Quek, his family members, and related companies are aggressively buying up MPI shares in the open market. Good luck.
I feel guilty for not promoting this master, his analysis was so pro! Kanger, xox, fintec, and etc was so accurate man!! I saw his post and bought at 0.095, thanks a lot!!
Kingston1 I feel guilty for not promoting this master, his analysis was so pro! Kanger, xox, fintec, and etc was so accurate man!! I saw his post and bought at 0.095, thanks a lot!!
I did some research about this stock, here's my opinion.
This company is an investment company which mainly invest in many tech-companies. Based on the company name, summary and business goals. It all seems like a perfect company to invest, it is proven that technology companies usually makes the most profit among all others.
It is normal if they don't make profit for 5-10 years or even more, because people are willing to invest and hold. Just like apple, amazon, microsoft, and many other tech companies that took many years of lost before their products becomes a sensation and make huge profit. It takes a long effort before the tech are marketed and becomes profitable.
BUT
After spending few hours into Fintec annual reports, subsidiaries, and their products and service.
I got to say this company doesn't have a bright future. Take one of its biggest sub-company, NetX, the main product of NetX is GemSpot. Have you downloaded the app and seen how awful it is? It is suppose to be like FoodPanda but its nowhere like that, its been out for 2 years yet it takes 1 year for the admin to even reply a review.
I've looked into all of the tech companies under Fintec, Its all very hallow and like dummy companies, pretending to do work but actually it not, their main profit investors money, as long as they can keep this "we all can be rich" act, people will keep pumping money and they will keep spending for themselves.
Tech is all about diciplined, dedication to their work, and most importantly progress, and there's no progress in their products for many years.
My conclusion, this is a dummy company, along with all its subsidiaries. If you're in profit, get out now, and if you're thinking of buying, dont.
Let me give an example of another tech company - Gpacket.
It doesn't make any profit for many years as well, but investors see progress, see products, see effort.
So investors are willing to put money in despite losses, the market cap is RM500 million, that is a very big amount for a company that doesn't make profit, but because there's a consistency in progress, dedication, that's why investors stays.
For Fintec, the market cap is small, RM100 Mil + , so its easy to move it limit up or limit down. As for why the market cap is small, its because no serious investor are willing to invest long term in this stock. If this was a great tech stock, even if no profit, people are willing to buy till market cap RM500 Million like Gpacket.
Regardless whether is black cat or white cat, it is a good cat as long it can catch a rat.
Fundamentalist 91, Gpacket is unprofitable company. Do not take Gpacket compare with Fintec. Please also refer to NTA and PE for both of them. Gpacket goreng one time then go downhill and never wake up again. Fintec is a profitable company with low PE, high NTA. Totally different story. Fintec got reason to goreng, Gpacket goreng by news thats all.
kahoe,as long don't get stucked and willing to be very long term investor is ok.It is just left and right,right to left unless there are changes in shareholders. Wish you good luck.
It will play bit up only. There are no news or any development what so ever. Suddenly big buyers blocking to encourage to take from seller's.It 's just only Private Placement.
What will Fintec do with its big cash stockpile? Can anyone more knowledgeable pls teach/educate the rest of us? I mean there are comments that Fintec has no meaningful business anymore...On simplywallstreet, it says it is undervalued by 85%. i am so confused here, dont know whether to hold or sell. My profit is now 40%. Holding 20 lots
Don’t listen to any analysis. It’s never reflected in the price. Good to see a lot of negative comments. From my experience, positive comments never work.
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....
Noobie33
135 posts
Posted by Noobie33 > 2020-08-05 14:10 | Report Abuse
Thx bro Kingston1 for the info , let's hope for the best , luck luck to all investors , whatever counters you are on. :)