FAST ENERGY HOLDINGS BERHAD

KLSE (MYR): FAST (0084)

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Last Price

0.075

Today's Change

-0.005 (6.25%)

Day's Change

0.075 - 0.08

Trading Volume

926,400


13 people like this.

6,176 comment(s). Last comment by davidts95 7 hours ago

Posted by gorengkitty > 2021-10-27 21:09 | Report Abuse

stock like this.. dont die fast and enter pn 17 can dy la, no need fly fast, start do business seriously and slowly climb can liao

RosAng

412 posts

Posted by RosAng > 2021-10-27 21:16 |

Post removed.Why?

Posted by gorengkitty > 2021-10-28 09:20 | Report Abuse

when see people with newly opened accounts write article, 9/10 = holland

ahbang94

34 posts

Posted by ahbang94 > 2021-10-28 12:53 | Report Abuse

Who is taking over the CEO?

nasilemak5

258 posts

Posted by nasilemak5 > 2021-10-28 14:44 | Report Abuse

https://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=24947

Critical Turning Point for FAST ENERGY HOLDINGS BERHAD (MUST READ)

The semiconductor cum oil bunkering player FAST had announced something extraordinary yesterday – one of the substantial shareholder of the company, Mr. Kuah Choon Ching had ceased to be substantial shareholder due to open market transaction.

Here’s an excerpt of Mr. Kuah’s background for your understanding:

"Mr Kuah started his career in the United Kingdom upon graduating from the University of Sunderland. He worked in the a Group of Companies, which was involved in trading and distributing products within the downstream of Oil and Gas Industry. He resigned and founded CCK Petroleum Group in 2007, and is the Group Managing Director of CCK Group today. Under his leadership, the Group has seen significant growth and has expanded its operations to cover international marine oil bunkering, oil tanker carrier operation, marine lubricants and marine oil trading.

Due to his diverse experience, he was later appointed as an Executive Director of Dnonce Technology Berhad on 2 May 2018, and was subsequently promoted to Chief Executive Officer on 1 September 2018.

During his tenure in Dnonce Technology Berhad, he spearheaded corporate exercises such as fund raising, diversification and share buy-back exercises for the company."



Also, Mr. Kuah is the executive director for KANGER INTERNATIONAL BERHAD, which is potentially going through a RTO exercise with the well-known property developer Aset Kayamas.

If you remembered, FAST had issued shares to Mr. Kuah for the purchase of 35.0% stake in CCK Petroleum, which should be a strategic shareholding for both parties, so what had changed the ballgame?

We know that FAST is venturing into the oil bunkering business – which is expected to yield extremely good results given the current oil market and busy offshore activities for now. By right it should make no sense for Mr. Kuah to dispose his stakes, right?

But lets first have a look at FAST's chart first.

For sharp-eyed investors, one would notice the share price was not impacted significantly by the disposal in the open market. Why is that so, and who are the buyers? Well, for one to absorb 15.30 million shares, one must have deep pocket and in order words, a change of strategic investor happened below our watch.

Now, the critical point for FAST is how quick they could bulk up their earnings in the oil bunkering segment – which as we told, it is expected to be really good based on the current outlook.

What’s more important to investor like us, is this is actually the best time for you to invest in the shares as the price were hampered by investors that do not understand what is going on.

20 cents is a bargain, and the share price could reflect to 30 cents anytime – a 50% ROI. But well, who am I to say? Do make your own studies before making any decisions!

tonygofly

275 posts

Posted by tonygofly > 2021-10-28 16:50 | Report Abuse

"For sharp-eyed investors, one would notice the share price was not impacted significantly by the disposal in the open market. Why is that so, and who are the buyers? Well, for one to absorb 15.30 million shares, one must have deep pocket and in order words, a change of strategic investor happened below our watch."


Deep words, for sure someone is slowly collecting,

Posted by whistlebower99 > 2021-10-28 16:58 | Report Abuse

Weekly chart still not nice to see.

One more day to change the outlook of this week's candlestick, hopefully to close the week at 21.

MZM2511

4,451 posts

Posted by MZM2511 > 2021-10-28 19:00 | Report Abuse

On behalf of the Board, UOBKH wishes to announce that the Board had on 28 October 2021 ("Price-Fixing Date") resolved to fix the issue price of the Rights Shares at RM0.12 per Rights Share ("Issue Price") and the exercise price of the Warrants at RM0.15 per Warrant ("Exercise Price")

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3204783

jayden007

51 posts

Posted by jayden007 > 2021-10-28 19:07 | Report Abuse

So when to get the right issue??

MZM2511

4,451 posts

Posted by MZM2511 > 2021-10-29 10:09 | Report Abuse

Soon the company will announce all the scheduled dates for the RI exercises.

LossAversion

1,686 posts

Posted by LossAversion > 2021-10-29 10:10 | Report Abuse

Dont waste time and money here.... Plenty of other opportunities out there!

Posted by whistlebower99 > 2021-10-29 11:15 | Report Abuse

RIGHTS ISSUE PRICE = 0.12 per share

PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 909,204,618 NEW ORDINARY SHARES IN TECHFAST ("TECHFAST SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 EXISTING TECHFAST SHARE HELD, TOGETHER WITH UP TO 454,602,309 FREE DETACHABLE WARRANTS IN TECHFAST ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 2 RIGHTS SHARES SUBSCRIBED

On behalf of the Board, UOBKH wishes to announce that the Board had on 28 October 2021 ("Price-Fixing Date") resolved to fix the issue price of the Rights Shares at RM0.12 per Rights Share ("Issue Price") and the exercise price of the Warrants at RM0.15 per Warrant ("Exercise Price").

==================================
Directors looking forward to increase company fund by 909,204,618 X 0.12 = RM109,104,554 (maximum scenario)
Easy convenient way compared to generating profits from business operations.

Shareholders get ready to pump in more money to subscribe for rights issue and free warrants.

============================
Total issued shares will increase to about 1.3 BILLION shares
New warrant = 454,602,309 (max scenario)

=============================
Directors are responsible to ensure success of rights issue exercise to raise fund from shareholders but they are not responsible to ensure shareholders make money from subscription of rights issue shares.


TAYOR

MZM2511

4,451 posts

Posted by MZM2511 > 2021-10-29 11:42 | Report Abuse

wistlebower99. What is your comment on MyEg's proposed PP?

The NOSH of the company already 7.38 billion units.

What is the PURPOSE for MyEg to do PP?
To raise fund for new project, is it?
Its total issued share also will be increased.

Please give your valuable comment on this.
But I expect that you won't answer any questions.

BECAUSE YOU'RE ONLY THE SPAMMER GHOST IN EVERY COUNTER YOU SPAMMED.

ahbah

6,072 posts

Posted by ahbah > 2021-10-29 11:44 | Report Abuse

Be gridi when others are fearful !!!

Sumalia

349 posts

Posted by Sumalia > 2021-10-29 15:40 | Report Abuse

The consequences of being greedy eventually will get taught… Good luck ya ;)

Posted by whistlebower99 > 2021-10-29 17:17 | Report Abuse

The announcement of rights issue price failed to boost the stock to close at 21 or higher makes the weekly chart not nice to see.

Perhaps Mr Kuah is a smart man who could read the market that most of us are not able to.

Just have to wait on for now and see how low can the price drop to.

jayden007

51 posts

Posted by jayden007 > 2021-10-29 19:55 | Report Abuse

See technical chart 18.5sen now... very bad ...
Seems many have cut loss

Shines

2,745 posts

Posted by Shines > 2021-10-30 19:14 | Report Abuse

Looks like all asking for monies counters are useless

ahbang94

34 posts

Posted by ahbang94 > 2021-11-01 08:35 | Report Abuse

Everyone is thinking of buying Fast at 18.5c :( !! today up 99

Posted by Ken Chong > 2021-11-01 11:56 | Report Abuse

0.175 already

nasilemak5

258 posts

Posted by nasilemak5 > 2021-11-01 12:18 | Report Abuse

Guess after the leaving of Kanger, Fast less of goreng attraction but I guess is a very good news for FAST, less goreng, more FA, Additionally with the recent business, FAST will flip over.

SAPU !

tonygofly

275 posts

Posted by tonygofly > 2021-11-01 16:35 | Report Abuse

@nasilemak5 you might be right, all those goreng kaki are leaving FAST now, FAST true value will be showing soon

Posted by KelvinHan95 > 2021-11-01 16:46 | Report Abuse

Stress keep watching this counter. Now it is at it's lowest since 3 years. Even lower than the first Covid Lockdown. Don't know how much lower will it go.

jayden007

51 posts

Posted by jayden007 > 2021-11-01 19:19 | Report Abuse

Ya very stress watching.... everyday keep making huge volume...

Sumalia

349 posts

Posted by Sumalia > 2021-11-02 11:53 | Report Abuse

>,<

Posted by tomato warrior > 2021-11-02 12:05 | Report Abuse

YAY new low 0.160. GG la

Posted by tomato warrior > 2021-11-02 12:06 | Report Abuse

Now it is at a lowest in 7 YEARS!

ahbang94

34 posts

Posted by ahbang94 > 2021-11-02 12:16 | Report Abuse

what happen to FAST!!

Sumalia

349 posts

Posted by Sumalia > 2021-11-02 12:18 | Report Abuse

Saw the transaction change hand ?? Goreng soon !!!!!

JeffSuper

47 posts

Posted by JeffSuper > 2021-11-02 12:25 | Report Abuse

Everyday keep dropping

Posted by whistlebower99 > 2021-11-02 14:28 | Report Abuse

Mr Quah sold around 21 on 18/10 and ceased as substantial shareholders
Price continue to fall slightly for next few days.
Then followed by rights issue price announcement on 28/10.
Since then, it has been dropping more and with higher volume.

Mr Quah timing is excellent !!!

Question now is whether Mr Quah will sell all his remaining shareholdings or will buy back more or whether there will emerge new substantial shareholders if there are parties collecting at cheaper prices.

When will the price stabilise and when will the price rebound ?

TAYOR and GOOD LUCK

Sumalia

349 posts

Posted by Sumalia > 2021-11-02 15:20 | Report Abuse

Everyday drop a bit it’s consider ok .. make sure don Panic … once panic start lol no eye see …

Posted by limit_up_soon > 2021-11-02 15:41 | Report Abuse

the mastermind Eddxe Chai just bought a new sport car, he wanted to say thanks to all the supporter here who contribute to his new toy. More ESOS, PP and right issue on its way. Way to 5sen. Good luck.

Posted by hwangjoey1 > 2021-11-02 15:55 | Report Abuse

rebound anytime

Posted by whistlebower99 > 2021-11-02 16:50 | Report Abuse

LIST OF THIRTY (30) LARGEST SHAREHOLDERS AS AT 25 MAY 2021

No. Name of Shareholders No. of Shares %

1. FIRSTBERRY SDN BHD 37,698,347 9.508

2. KUAH CHOON CHING 15,302,325 3.859

5. KANGER INTERNATIONAL BERHAD 10,797,100 2.723

7. UOB KAY HIAN NOMINEES (TEMPATAN) SDN BHD For Kuah Choon Ching 8,139,535 2.053

16. CHAI WOON CHET 2,600,000 0.656

=============================
Who buying, who selling ???

Posted by hwangjoey1 > 2021-11-02 16:51 | Report Abuse

someone is collecting in the dark

lucky8

181 posts

Posted by lucky8 > 2021-11-02 16:53 | Report Abuse

goreng group in this counter, prepare sub 10sen

Posted by whistlebower99 > 2021-11-03 15:27 | Report Abuse

以目前的价位来看, 20 仙以下都非常划算,股价可以随时反映到 30 仙——投资回报率为 50%。 但是,我只是以为分享者, 希望大家在做出任何决定之前,请先进行自己的研究!

=============================================
Those who picked up would have paper losses of at least 20%

Sumalia

349 posts

Posted by Sumalia > 2021-11-03 15:50 | Report Abuse

Now you know who is keyboard warrior >.<

tonygofly

275 posts

Posted by tonygofly > 2021-11-03 16:08 | Report Abuse

Whistlebower the full time keyboard warrior!!

sychern

114 posts

Posted by sychern > 2021-11-03 16:16 | Report Abuse

Shited counter

Sumalia

349 posts

Posted by Sumalia > 2021-11-03 18:32 | Report Abuse

I need to thanks him ;) I bought at 0.235 cut 0.225 >,<

jayden007

51 posts

Posted by jayden007 > 2021-11-03 19:35 | Report Abuse

Remember all those person who recommend this stock...
They hire by big boss... all kena cheat and lose....

dlau8899

915 posts

Posted by dlau8899 > 2021-11-03 22:14 | Report Abuse

Don't know how to issue right issue price on 0.12. Price too low, hope stop right issue....

Posted by Smallfish99 > 2021-11-03 23:59 | Report Abuse

As I know the Techfast boss’s Mr yap yoon sing who is no longer in big shareholder, and the Top shareholder is firstberry s/b. Why the boss Mr yap share become so small, and who is the top shareholder firstberry s/b…. I Believe tht u all can go search further
I bought the share, I also look forward the share getting higher and higher… but the fact make me disappointed! Pls correct me if I was wrong

Posted by Smallfish99 > 2021-11-04 00:10 | Report Abuse

And last, I think Mr eddxe chai, is very happy to collect money from RI now ~ another new sport car and bangulow house coming

Posted by StockSniperKing > 2021-11-04 11:37 | Report Abuse

eat popcorn watch movie first, because I boom myself too. I think this time many people is in pain.

Not only FAST. more and more company will kena soon. Is a fallen period or a picking up section ?

Posted by speedhunter35 > 2021-11-04 12:00 | Report Abuse

i rather buy toilet paper than this counter. RI at 0.12 mf.

Posted by Edwardong53 > 2021-11-04 13:16 | Report Abuse

By the way, is FAST related to any Fintec group of people..........you may want to check out whether Kanger Int'l & Dnonce Tech are related to Fintec group. If YES, better avoid FAST quickly bcos after the rights issue the price will fall like waterfall just like all Fintec related companies

tonygofly

275 posts

Posted by tonygofly > 2021-11-04 17:35 | Report Abuse

So many rumors flying here, who is the true winner??

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