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Instead of the high unrealised profit from fair value gain, the increase of Revenue should be noticed, it means fintec have dispose some of its investment and thus having a huge realisable profit, it’s quite ideal. The cash flow is also quite ideal (around 20+m liquid cash flow) for an investment holding company. The current assets (majority are deposit) are around 66m while the current liabilities are 40+m, it show an ideal current ratio, however, fintec should aware that it own merely 660k of cash and bank balance. It also noticeable that it’s low probability that fintec will announce dividend as (1) it keep raising equity through private placement for its new investment in the recent years (2)low cash reserves (3)doesn’t have the habit to provide dividend Something very important is related to the investments portfolio of fintec (FOCUS, DGB, KOMARK, AT, SAUDEE, SAECARA, CL HOTEL, NETX, MLAB, VSOLAR), most of them are currently overvalued. Moreover, most of them are confronting with huge loss in this qr except FOCUS and NETX (merely paper gain in fintec portfolio). In the end, I believe the next qr will boost up significantly and congratulations to everyone still holding fintec.
I guess will around 0.2-0.3, but low possibility to limit up, always be prudent yah, don’t have such high expectations to limit up. As long as it will rise, we should appreciate, if really limit up, then is a special gift for us
And also, I found the biggest shareholder in fintec is UOB,the second biggest shareholders is HSBC, and others such as HLB, CITIgroup, Maybank and a lot of IB。 The convertible preference shareholders also held by UOB Kay Hian, the stock exchange company
Anyway, the tp are not so important for all of us, everyone have their own tp, don’t argue too much on it yah. As long as we knew that, there are more new investors realised and found the existence of fintec especially in this period which the share price of any stocks will shooting up unreasonably on the news, rumours and trends; that’s for sure that it will shoot up quite high, and you guys just sell it when it reach your own tp (but my suggestion is selling by portion, set few tp yah)
tee John... can u have proof on those banker u mention? because I don't really find out such things in this company. What I find out is merely 80% are genaral public share holding...
UOBM held the same volume which is 6 & 2 percent in ordinary shares (the largest), 9 percent in preference (second largest); and etc for bank and IB and I have to noticed that do you aware the fintec preference share keep converting to ordinary share? And most of its preference shareholders are BANK and IB.
Conversion of preference share to ordinary share at price 0.16, mean that 1st. Company in good profit allowing conversion. 2nd. the shareholder forseen increment in share price hence converting?
Correct me if I misunderstanding...
For KNM, I have identified today have some weird volume trading, just like fintec, few sudden cancels of buying volume and also selling volume in significant volume
Fintec will continue to trade in tight range to minimize speculative play. It will climb gradually with mild correction in between. Be patient as value shall emerge eventually.