KUALA LUMPUR (Jan 11): Former UMNO lawmaker Datuk Nur Jazlan Mohamed has resigned as the chairman of Fast Energy Holdings Bhd (previously known as Techfast Holdings Bhd) effective Monday (Jan 10).
Nur Jazlan, 55, who helmed the company since November 2020, resigned due to his other personal commitments, the company said in a bourse filing.
The announcement comes a day after another listed company, Kanger International Bhd, reported the resignation of Nur Jazlan as its chairman for the same reason.
Nur Jazlan, who is Johor UMNO deputy chief, was previously the member of parliament for Pulai.
He served as deputy home affairs minister from July 2015 to May 2018, and as chairman of the Public Accounts Committee between June 2013 and July 2015.
Fast Energy's share price settled 0.5 sen or 4.55% lower at 10.5 sen on Tuesday, valuing the company at RM58.08 million.
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Why there are still investors still putting hopes/gamble on this losing company? After acquiring ship fuel oil supply company and announcements billions of contract, yet still making loss for last 2 quarters?? I also joined the euphoria to goreng this stocks when company announce bagging billions contract at 5+ cents and after the initial upside it went down I sold all losing 47k @ 33 cents. After that I have changed to fundamental stocks and currently on paper profit have recover all that loss. If I kept putting hopes on this company, I will lost 90% of my investment!!!
So many valuable stocks you all can choose from and yet want to gamble on this shitty stock. Unbelievable on how investors thinking making quick bucks on these losing stock.
O&G, Plantation, banking, construction still got potential to move up. CPO and Brent crude oil at all time high/7 years high. Wake up guys!!!
NorazmiAR: O&G, Plantation, banking, construction still got potential to move up. CPO and Brent crude oil at all time high/7 years high. Wake up guys!!!
I get what you mean, @NorazmiAR since they totally screwed up big time with untimely RIs and private placements, haha.
I just invest a little for its spike in revenue last quarter [still negative profit though, very sad]. By the book, it is also undervalued and have pretty good outlook especially in O&G. So, I just hope the coming quarter will be decent and they can fulfil the huge contracts they acquired recently (unlike Ageson). This is just my humble opinion and if it's wrong, I will definitely own it up.
Many people still think its business mainly comprise of machinery components, rather than oil & gas trading. So, I think this stock can't join the O&G goreng rally.
@tonygofly, nope. Don't get your hopes too high first, FAST still need to prove its capabilities through its financial results. There is still risks to this company, rather than a smooth rocket to the moon. In my opinion, those goreng rallies usually only can bring you to short lengths (maybe a 10% - 20%), then goes down flat for quite a period of time due to lower investor confidence caused by price volatility. So, I prefer it rises steadily and have people trust it. To me, a bulky tank > a fragile sportscar.
I mean, it is fine to buy FAST at 0.65 - 0.7, but no one wants to absorb 0.75 unless FAST proves their worth lol and they really had to. I mean it's good that they try to transform into a better growing company through O&G and RE, and they dispose their losing divisions like Techfast Precision and Oriem Tech. However, Malaysian investor won't care how grand your plan is, because what we want is results. So, if the both revenue and profit doesn't grow well, then bye bye.
Breaking through $90 on Wednesday, Brent crude has risen by almost 9% over January and, together with West Texas Intermediate, is now trading almost 80% higher than the start of 2021.
Ships’ bunker prices are rising in parallel. Very low sulphur fuel oil was priced at close to $690 in Singapore yesterday, a few dollars more in Fujairah, around $655 in Rotterdam, close to $670 in Houston, and more than $700 in LA/Long Beach.
FAST ENERGY HOLDINGS BERHAD (Formerly known as Techfast Holdings Berhad) - Offer and Grant of Options under Share Issuance Scheme ("SIS") Pursuant to Rule 9.19(51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, Fast Energy Holdings Berhad (Formerly known as Techfast Holdings Berhad) ("Fast Energy" or "Company") wishes to announce that it has offered options to the eligible persons under its SIS :
(a) Date of offer: 8 February 2022
(b) Exercise price of options offered: 0.06678
(c) Number of options offered: 118,452,016
(d) Closing Market Price of the Company's share of the Date of Offer: 0.08
(e) Number of options offered to Directors of Techfast: Tan Wye Chuan - 29,000,000 shares
(f) Vesting period of options offered: Not applicable
This announcement is dated 8 February 2022
====== As usual, let staff and directors make money first. Retail shareholders have to wait for company to report profits for at least 2 quarters then can hope.
Additional Listing Announcement /Subdivision of Shares MR D.I.Y. GROUP (M) BERHAD
1. Details of Corporate Proposal Involve issuance of new type/class of securities ? No Types of corporate proposal ESOS Details of corporate proposal Exercise of Employees' Share Option Scheme No. of shares issued under this corporate proposal 570,100 Issue price per share ($$) Malaysian Ringgit (MYR) 1.6000
@whistlebower99, I don't see you talk shit at Mr.DIY? They have ESOS at lower than half of their current share price.
If not be wrong, they said those like whistlebower99 account spam forum just to pressure down the share price and collect cheap ticket. Therefore you can see his account is spamming everywhere. Somehow this is make sense. Who will spend all day long and KEEP comment similar thing. There must be some intention behind.
The executive director is Tan Wye Chuan (Biz Partner of Bryan Loo brother container hotel business and Bryan Loo friend. Bryan Loo is tealive boss)
The majority shareholder is Steven Kuah. Steven Quah is CCK Petroleum Sdn Bhd boss, that Fast just acquired this company shares. Steven Kuah is also a friend of Bryan Loo and Tan Wye Chuan.
Steven Kuah is also a shareholder of Kanger.
First Berry Sdn Bhd is also the majority shareholder for both Kanger and Fast.
Very obvious Fast and Kanger related company for goreng.
The same gang of people controlling this company which is Tan Wye Chuan, Steven KCC & Fast Berry Sdn. Bhd.
Kanger right issue , Fast also right issue afterward Now Kanger consolidated shares, Fast might also follow.
Kanger share price diluted tremendously to penny stock, fast also the same
Fast has relocated their office from a big factory lot at 11, Jalan Pasaran 23/5, Seksyen 23, 40300 Shah Alam, Selangor to Solaris Mont Kiara office lot. Is it the new office is actively operating?
And no proper website for this company. Public listed company do not have a proper updated website?
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....
whistlebower99
5,255 posts
Posted by whistlebower99 > 2022-01-05 12:27 | Report Abuse
Don't expect V shape recovery.
Within 3 days, more than 30% profit
Short term players should have taken some profit
Good luck