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.Tecfast is involved in:
- manufacturing & distribution of specialized fasteners & precision turning and machining parts for electronics, telecommunication, computer peripherals & automotive industries
- manufacturing & trading of mould cleaning rubber sheets and epoxy encapsulant materials for optoelectronics industries