This little known Malaysian stock has surged 400%

(Oct 23): For technology stock investors, it sometimes pays to buy the companies that make the parts.

Take Techfast Holdings, 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.

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