Investors had gone on a bargain hunting on low shares in market circulation. Some recent spikes include GENETEC, HIGHTEC, WIDETEC, GLOTEC and YBS.
What do the share price of these stocks have in common?
Generally, they are low in market capitalization and at the starting point, most of them do not have a market capitalization of over 100 million. Another theme they might be looking is the involvement in semiconductor sector.
Today, I will share a bit on this under looked counter – TECFAST HOLDINGS BERHAD.
The business background of the company is as follow: Techfast Holdings Bhd is a Malaysia-based investment holding company. It is engaged in the provision of management services. The company's business segments include Manufacturing of self-clinching fasteners, electronic hardware and precision turned parts and Manufacturing of mould cleaning rubber sheets and LED epoxy encapsulant materials. Some of the company’s products include Double end standoffs, Hex jack screws, Captive panel screws and Turn parts.
As you can see, the product of the company is involved in the booming E&E sector due to global lockdown. But yet, no one talked about TECFAST in the market yet.
Interestingly, the share price of the company also looked like they are in “standby” mode. Based on technical analysis, the company’s downward trend had faced a halt and the trading activities seems to consolidate around 25 cents level.
Should market start to realize the potential of the company, the share price could go “BOOM”.
At the current stage, it is obvious that the risks to reward level is high. But again – the decision to invest or not is yours. I will be honest- I’m had been investing in the company for a very long time!