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save malaysia!
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Mercury Securities Research
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The Alpha Trader
KINERGY ADVANCEMENT BERHAD) (0193) - A CAPITULATION TRADE SETUP
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TA Sector Research
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TA Sector Research
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Albukhary
2,974 posts
Posted by Albukhary > 2021-08-31 17:23 | Report Abuse
Hi Author, II suggest you maybe can study STRAITS first.
What Fast doing now is exactly STRAITS doing in past 2 years.
STRAITS quarterly revenue has been increase from 30-40mil to 290mil gradually since 2 years ago it start venturing into Marine Bunker fuel business.
However, the profit is still very very low. I am not sure what is the problem, as I don't have other listed company to compare. But from what I understand, the gross margin for this kind of business is very very low (around 3-4%), and that is Gross profit margin, you haven't minus of your operation cost. As FAST is start venturing to this business now, I foresee FAST may facing the same problem that STRAITS is facing currently.
Which mean, you may need to wait until 2023-2024 in order to see FAST start generating revenue around RM300mil and profit around RM4-5mil.
By that time, STRAITS maybe already become the leader in that field, with Revenue RM700-800mil and profit RM10-15mil