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23-10-2017, 06:40 AM
This Little Known Malaysian Stock Has Surged 400%
Choong En Han and Tom Redmond
October 23, 2017, 4:00 AM GMT+8
For technology stock investors, it sometimes pays to buy the companies that make the parts.
Take Techfast Holdings Bhd., a small Malaysian supplier of everything from screws and self-clinching fasteners to materials for light-emitting diodes. The little-known firm has surged fivefold this year alone, making it one of the best performers in the country’s equity market, as investors took notice of an overseas expansion and a profitable alliance.
Jason Yap Yoon Sing, the managing director and founder, pointed to Techfast’s move to supply its mold-cleaning rubber sheets to Chinese and Taiwanese chipmakers. He also noted the partnership with New York-based fastener-maker Richard Manno & Co. to produce precision machined parts for the military and aerospace industries.
More details in https://www.bloomberg.com/news/articles/...surges-400
Choong En Han and Tom Redmond
October 23, 2017, 4:00 AM GMT+8
For technology stock investors, it sometimes pays to buy the companies that make the parts.
Take Techfast Holdings Bhd., a small Malaysian supplier of everything from screws and self-clinching fasteners to materials for light-emitting diodes. The little-known firm has surged fivefold this year alone, making it one of the best performers in the country’s equity market, as investors took notice of an overseas expansion and a profitable alliance.
Jason Yap Yoon Sing, the managing director and founder, pointed to Techfast’s move to supply its mold-cleaning rubber sheets to Chinese and Taiwanese chipmakers. He also noted the partnership with New York-based fastener-maker Richard Manno & Co. to produce precision machined parts for the military and aerospace industries.
More details in https://www.bloomberg.com/news/articles/...surges-400
Specuvestor: Asset - Business - Structure.