Tecfast: A Fishy Big Contract?

Recently there are quite a few of small companies getting big contracts worth hundreds of millions to billions of ringgit.

What I know are ARB, Ageson, Anzo, Bioalpha, Vivocom, Kanger, Techfast etc.

Are they for real? While it certainly smell a bit fishy but I'm not going to comment about them since I don't study them in detail.

Readers can check the share price charts and the latest financial results of those companies to decide whether to believe in those companies or not. 

On 15th Mac 2021, Techfast announced that it has entered into a marine fuel oil supply agreement with Wise Marine Pte Ltd.

The value of this 3-year contract is estimated to be a whopping RM2.22 billion, and Tecfast is an ACE-listed company with a market cap of only RM100mil.

Nevertheless, Tecfast is still a profit-making company with zero borrowings.

Low Interest Rate Environment: Buy Buy Buy?

The chart above shows Overnight Policy Rate (OPR) of Malaysia since it was set in year 2004.

Current OPR of 1.75% is at its historical low.

As Malaysia's economy is expected to recover from this year onwards, Bank Negara has decided against lowering the OPR further last week.

I'm not an economy expert but I think 1.75% will be the lowest we can get from this pandemic-induced global recession.

I'll be very happy if the OPR can drop to 1.5% though.

What happened when Malaysia's interest rate dropped in such fashion last time?

My Portfolio Feb21

 Summary For February 2021

Stock Portfolio @ End of Feb21

Feb21 breaks my record of most transactions done in a month since 2013. I made a total of 10 buy/sell transactions.

Nevertheless, my portfolio lost 1% in this month.

Most of the stocks in my portfolio perform well in Feb21, but 3 stocks with big losses (Supermax, SCIB, Rhonema) are adequate to drag the whole portfolio into red, especially SCIB.

SCIB's share price dropped 18.6% this month, which is kind of expected after staging big rally in Jan21. I have sold ~30% of SCIB in early Feb21 to lock in profit while the rest I planned to wait for its FY20Q4 result.

I was a bit disappointed with its FY20Q4 result to be honest, in which its revenue and core net profit do not meet my own expectation.

This is due to slower than expected revenue recognition and I'd expect better revenue for the next quarter.

Should You Go For Covid-19 Vaccination?

The unprecedented Covid-19 pandemic has been here for one year. I'm sure that almost everyone in the world wants it to end as soon as possible.

Now we Malaysians have a good chance to put all these miseries to bed, as our Covid-19 vaccination program has just started.

However, I find that some of those who are very scared of being infected with Covid-19 virus are reluctant to get themselves vaccinated.

Most of them want to wait and see first (if someone die from vaccination).

I think that this kind of mentality is common, probably due to influences of "news" from social medias which have been widely shared and circulating around.

"Four people died after vaccination", "XX country reports 30 death after vaccination", "Doctor or nurse died a few days after vaccination", "Someone paralyzed after receiving the jab" and so on.

For those pure headlines readers, they would probably be very scared of Covid-19 vaccines. However, if we read further, it's actually nothing to be worried about, at least until this moment.