Legrand Chauffeur's comment on FINTEC. All Comments
Legrand Chauffeur
4 Like · Reply
Be careful of this fintec, following is an article from the past but very true about fintec and it's management: https://www.klsescreener.com/v2/news/view/735539/anatomy-of-stock-market-scams

""There is a reason why some individuals control listed companies through cross holding structures. It reduces the holding cost. For instance, when Fintec Global buys a stake in another listed company, it forks out the money. But the major shareholders of Fintec Global control the new listed company indirectly.

Thirdly, one must look out for companies raising money through share placements, especially if the proceeds are to be used as working capital or to repay loans. The smaller the amount raised through a placement, the higher the scrutiny it warrants.

It is normal for companies to issue new shares to raise money to fund an acquisition.

The better managed companies have their substantial shareholders taking up some of the new shares as a show of commitment.

However, if the bulk goes towards working capital, there is no end to the company issuing more shares in future. Also nobody really knows what the working capital is used for.

Sometimes, it can also be used to buy shares in other companies or support the share price.

Also, if the bulk is used to repay loans, there is also a possibility of the company taking up more loans again. So, why risk taking up a stake in such companies?""

in short scam company, buy if you want but don't cry later :)
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5 years · translate ·
Cw Lim
so nice, very concern small holder, u must be a very good man
1 Like · 5 years · translate
Teck Teng Tan
good profit but price of share drop, strange
Like · 5 years · translate
Cw Lim
genting making huge loss but share up, u didnt say strange ? funny
Like · 5 years · translate
Teck Teng Tan
cw lim, are u one from Fintec ? i f so, gpod profit, price drop not strange for u for sure
1 Like · 5 years · translate
Teck Teng Tan
normal person will say strange for both fintec and genting. we didnt buy genting, so we didnt comment diesnt it is not strange, faham
2 Like · 5 years · translate
Kelvin Chow
Reached bottom already
Like · 5 years · translate
Ian Chong
Teck Teng Tan pls be clear of what type of profit they make. the company makes profit by investing in other loss making companies. this company is purely about speculation. no value or whatsover in this company
Like · 5 years · translate
Teck Teng Tan
Ivan, thank you for sharing
1 Like · 5 years · translate
Cw Lim
u r free to put silly comment , i hv right to make fun of it , if u dont like just report me, but make sure u do it consistently haha
Like · 5 years · translate
Teck Teng Tan
yr thinking is silly not our comment is silly
2 Like · 5 years · translate
Teck Teng Tan
if u own a business with profit, then u find your company share drop, do u tbink is normal. u tbink is mormal because yr otak is abnormal
Like · 5 years · translate
vino kumar
yes,it's not game kuda, it's market,,fintec price should be more value...why dropping ? looking mystery
Like · 5 years · translate
Khairul Yazid
What about topglove then? Supernormal profits but why share price drops? No sense at all. Market sentiment weighs the share price heavily in the short term. But long term the fair value will find it’s own equilibrium so get your facts right
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Like · 5 years · translate
Teck Teng Tan
topglove price already increase how many percent since covid outbreak, go to check first yeah
Like · 5 years · translate
Cw Lim
banker make it drop and make stupid small holder to dump ticket at loss lo
Like · 5 years · translate
Teck Teng Tan
fintec not even raise by 15 percent and then drop
Like · 5 years · translate
Khairul Yazid
Fintec announce glove venture when glove sentiment is not good. If fintec announced earlier it might just get the same response as mahsing at and others. I’m not saying this can go 20-30 sens. I’m just saying it’s quite cheap from it’s market cap. How cheap you want? Dollar cost average every half cents drop and you’ll score the bottom then just wait. Idk you , maybe you have other strategies trading your stocks
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Like · 5 years · translate
Teck Teng Tan
we are not talking about cheap or expensive, we are talking about the price should be higher with huge profit announced
Like · 5 years · translate
Khairul Yazid
Last quarter of topglove was it’s biggest profit to date. Still no major breakthrough. Why you keep saying good profits should go up? Many compnies have low pe and is undervalued. Share price don’t go up in a day or in a straight line. Don’t expect every good qr is a sure case for share price to go up. If you know there’s good profit and it’s cheap then isn’t it a buy signal? I know some profits are just from revaluation of their share price so that’s why I don’t think it’s worth 20+-30 sen short term until new business venture starts running or some holdings are sold.
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Like · 5 years · translate
Teck Teng Tan
no big profit breakthrough because of earlier raise already. if huge profit made didnt follow by the raise in shares, better buy toto and magnum. for long te rm investment, we all invest on company that can make profit as easy as that. when it is not the case, sure ppl will ask. do u think fintec case is nornal. like certain airlines , monoply can make loss and delisted
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Like · 5 years · translate
vino kumar
Good announcement,price must good.bad announcements, bad price.
Like · 5 years · translate
Teck Teng Tan
i agree with Vino. if huge profit cannot come with the raise in share, what criteria should i base on to invest share of certain company
Like · 5 years · translate
Chee Wu
fintech huge profit came from goreng others penny stocks.. little revenue but huge profit..
Like · 5 years · translate
Teck Teng Tan
hahaha, u are right
Like · 5 years · translate