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
1) You don't even spend time to read the annual reports and the website is just lying there in the first few pages. Don't ask me why the website isn't updated in Bursa webpage yet.
2) You like to focus on Tan Wye Chuan, but you kept ignoring other committee members such as Ang See Ming, substantial shareholder of Thong Guan Industries where its share price is RM2.58 at 9th February 2022. He is also appointed as a committee around the same time as Tan Wye Chuan at October 2020.
3) According to Simply Wall Street, Firstberry Sdn Bhd only own a mere 0.3% (18 million units) in Kanger International Bhd, so it can't even be called a majority shareholder. However, it has 5.78% stakes (75.9 million units) in Fast Energy Holdings Bhd. The reason Firstberry became the substantial shareholder at first was because of Yap Yoon Sing, the resigned managing director traded his share for the share in Firstberry.
4) Your Mr Kuah already ceased to become a substantial shareholder a long time ago. At March 2021, he sold 35% stake of CCK Petroleum for 26.25 million shares and in turn get 23.44 million shares at 43 cents with the remaining in cash of RM16.17.
On 18 Oct 2021, he sold 15,302,325 units at 20 cents which results in a LOSS around RM3.25 million. Wow, what a profiting movement like you said! Even if you forcefully assume that he got 71 million shares at 12 cents through Firstberry at 17th Dec 2022, there is no announcement that there is any disposal from Firstberry and the share prices remains equal to or below 12 cents since then.
Based on your logic, Airasia Group also has rights issue at Nov 2021, so Airasia also manipulated by Tan Wye Chuan? Between Aug and Nov 2021, there are also companies like Hextar Industries that announced rights issue. So, HEXIND also belongs to Steven KCC?
Mr Universe can write a lot but still stuck with Pasukgb which has plunged from his price of 7 to 2 that makes him absconded and later start life with a new identity.
Well, I bought at 0.7, so I am waiting for it to drop back to 0.065. Once the resistance forms strongly and no one breaks it, people will feel fatigue and begin to sell.
Well, a note for you. The oil bunkering businesses depends on the bunker fuel premiums, not the oil price to flourish. In most cases, high Brent crude oil can even hurt oil bunkering.
"....Techfast Subsidiary agrees to supply not more than 20,000 metric tonnes each month of the Products to Wise Marine on the average price per metric tonne as reported by S&P Global Platts in Singapore (Mean of Platts Singapore), plus an agreed premium throughout the contract period effective for the relevant shipment of the Products on the weighted moving average for each month (inclusive of the first and last day of the month). The total contract value for the supply is estimated at Ringgit Malaysia One Billion Four Hundred Sixty Million Five Hundred NinetyTwo Thousand only (RM1,460,592,000.00) based on the present market prices reported on Mean of Platts Singapore. "
The price Fast charges depends on the moving average of the fuel prices PLUS a premium, so by "high Brent crude oil can even hurt oil bunkering" did you mean high price than less sale?
me new to oil bunkering...but the low price now, so much below the RI 12sen, seems like a good entry point....
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
@newguy0801, thanks for the helpful clarification. Oh, true they also consume bunker fuel, but supposedly they travel short distances, and so not consume much?
That's the problem. I don't know much about their operations. The variability on their costs can range from oil prices to the distance they travelled. Furthermore, I am not an expert in this industry. Since they already have an agreed premium with the Singapore company, I expect lower oil prices will help them instead.
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....
BryanVincentSteven
10 posts
Posted by BryanVincentSteven > 2022-02-09 15:21 | Report Abuse
Hi @newguy0801 my original username is newguy0801