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Last 0.20 MYR
Change Today 0.00 / 0.00%
Volume 42.0K
As of 4:17 AM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

techfast holdings bhd (TECF) Snapshot

Open
0.20
Previous Close
0.20
Day High
0.20
Day Low
0.20
52 Week High
05/16/14 - 0.26
52 Week Low
04/29/14 - 0.15
Market Cap
29.8M
Average Volume 10 Days
37.3K
EPS TTM
0.0009
Shares Outstanding
152.9M
EX-Date
05/22/14
P/E TM
216.7x
Dividend
0.0050
Dividend Yield
2.56%
Current Stock Chart for TECHFAST HOLDINGS BHD (TECF)

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techfast holdings bhd (TECF) Details

Techfast Holdings Berhad, an investment holding company, manufactures and distributes specialized fasteners, and related precision turning and machining parts for the electronics, telecommunication, computer peripherals, and automotive industries in Malaysia and internationally. It operates through two segments, Self-clinching Fasteners, and Mould Cleaning Rubber Sheets and LED Epoxy Encapsulant Materials. Its self-clinching fasteners include self-clinching standoffs, studs and pins, panel fasteners, blind fasteners, and broaching products; and electronic hardware products comprises male female standoffs, spacers, double ended standoffs, swage standoffs, hex jack screws, captive panel screws, shoulder screws, and turn parts for LCD monitors and TVs, computer servers/networking products, and desktop computers. The company also engages in the manufacture of epoxy encapsulant materials for optoelectronics industries, as well as mould cleaning rubber sheets; provision of training analytical and consultancy services; and trade of epoxy encapsulant materials for optoelectronics industries. Techfast Holdings Berhad is headquartered in Shah Alam, Malaysia.

techfast holdings bhd (TECF) Top Compensated Officers

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Executives, Board Directors

techfast holdings bhd (TECF) Key Developments

Techfast Holdings Berhad Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Techfast Holdings Berhad announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenue of MYR 4,772,000 against MYR 5,219,000 a year ago. Profit before taxation was MYR 19,000 against MYR 819,000 a year ago. Net loss after taxation was MYR 88,000 against net profit after taxation of MYR 377,000 a year ago. Loss attributable to owners of the company was MYR 314,000 or 0.20 sen per basic share against MYR 26,000 or 0.02 sen per basic share a year ago. Profit before taxation was also lower than the previous year, mainly due to losses in the self-clinching fastener segment of the Group and one-off expenses incurred for the two corporate exercises which occurred during the year, namely, the voluntary take-over offer and the acquisition of additional 40% equity stake in each of Cape and Oriem. For the year, the company reported revenue of MYR 20,277,000 against MYR 20,487,000 a year ago. Profit before taxation was MYR 2,779,000 against MYR 2,733,000 a year ago. Net profit after taxation was MYR 1,844,000 against MYR 1,794,000 a year ago. Profit attributable to owners of the company was MYR 151,000 or 0.10 sen per basic share against MYR 735,000 or 0.47 sen per basic share a year ago. Net cash generated from operating activities was MYR 2,872,000 against MYR 3,171,000 a year ago. Purchase of property, plant and equipment was MYR 61,000 against MYR 83,000 a year ago. Profit before taxation was higher than the prior year, due to improved performance from the rubber sheets and epoxy segment.

Techfast Holdings Berhad Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year 2014

Techfast Holdings Berhad announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of MYR 5,396,000 against MYR 5,509,000 a year ago. Profit before taxation was MYR 1,145,000 against MYR 974,000 a year ago. Profit attributable to owners of the company was MYR 268,000 or 0.17 sen per basic share against MYR 363,000 or 0.23 sen per basic share a year ago. Profit before taxation was higher than recorded in the corresponding quarter in the previous year, mainly due to the continued improvement in the semi-conductor industry despite marginal losses in the self-clinching fastener segment of the group. For the nine months, the company reported revenue of MYR 15,505,000 against MYR 15,268,000 a year ago. Profit before taxation was MYR 2,759,000 against MYR 1,914,000 a year ago. Profit attributable to owners of the company was MYR 465,000 or 0.30 sen per basic share against MYR 598,000 or 0.38 sen per basic share a year ago. Net cash generated from operating activities was MYR 466,000 against MYR 2,146,000 a year ago. Purchase of property, plant and equipment was MYR 45,000 against MYR 154,000 a year ago. Profit before taxation was higher than recorded during the same period in the prior year, due to improved performance from the rubber sheets and epoxy segment. Based on the current economic conditions and barring unforseen circumstances, the group is expected to turn in positive results overall for the year 2014 as the rubber sheets and epoxy businesses are expected to perform well amidst the continued upward trend of the semi conductor industry. The fasteners segment is expected to make a loss for the year due to poor demand.

Techfast Holdings Berhad Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Year 2014

Techfast Holdings Berhad announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of MYR 5,187,000 against MYR 5,272,000 a year ago. Profit before taxation was MYR 882,000 against MYR 790,000 a year ago. Profit attributable to owners of the company was MYR 100,000 or 0.06 sen per basic share against MYR 410,000 or 0.26 sen per basic share a year ago. Net assets per share attributable to equity holders of the parent were 15.6 sen. Profit before taxation was higher than the corresponding quarter in the previous year, despite one-off expenses incurred for the voluntary general offer corporate exercise which totaled about MYR 0.32 million. For the six months, the company reported revenue of MYR 10,109,000 against MYR 9,759,000 a year ago. Profit before taxation was MYR 1,614,000 against MYR 939,000 a year ago. Profit attributable to owners of the company was MYR 197,000 or 0.13 sen per basic share against MYR 398,000 or 0.26 sen per basic share a year ago. Net cash generated from operating activities was MYR 554,000 against MYR 1,092,000 a year ago. Purchase of property, plant and equipment was MYR 33,000 against MYR 148,000 a year ago. Net assets per share attributable to equity holders of the parent were 16.2 sen. Profit before taxation was higher than the corresponding quarter in the previous year, despite one-off expenses incurred for the voluntary general offer corporate exercise which totaled about MYR 0.32 million. The company also reported that based on the current economic conditions and barring unforseen circumstances, the group is expected to turn in positive results for the year 2014 as the rubber sheets and epoxy businesses are expected to perform well amidst the continued upward trend of the semi conductor industry while the fasteners segment will endeavour to achieve a positive result.

 

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Industry Analysis

TECF

Industry Average

Valuation TECF Industry Range
Price/Earnings 100.0x
Price/Sales 1.4x
Price/Book 1.9x
Price/Cash Flow 194.2x
TEV/Sales 1.1x
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