Posted by whistlebower99 > 2022-04-22 18:31 | Report Abuse

FOR NEWBIES

Price fixing for 2nd tranche of shares for selected PP investors

FAST ENERGY HOLDINGS BERHAD (FORMERLY KNOWN AS TECHFAST HOLDINGS BERHAD) ("FAST ENERGY" OR THE "COMPANY")
On behalf of the Board, UOBKH wishes to announce that the Board had on 22 April 2022 resolved to fix the issue price at RM0.054 per Placement Share.

The issue price of RM0.054 represents a discount of 10.00% to the 5-day VWAP of Fast Energy Shares up to and including 21 April 2022, being the last traded day of Fast Energy Shares immediately preceding the price-fixing date of RM0.060 per Fast Energy Share.

This announcement is dated 22 April 2022

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Look forward to listing date of 2nd tranche of PP shares coming very soon

Posted by Raiz368 > 2022-04-23 15:49 | Report Abuse

Mkt price over 30% from PP price, sure new investor will take profit and press down the price

Posted by Risk Trader > 2022-04-23 15:51 | Report Abuse

Based on curr mkt sentiment, monday sure pull back...

Posted by yewdheng > 2022-04-24 16:34 | Report Abuse

according to an announcement made on 8/2/2022, 118.452million shares proposed for the additional shares.On 6/4/2022 82.05 million shares were listed. Then on 13/4/2022 , 7.395 million were listed,& tomorrow 25/4/2022 6.59million will be listed.....Balance of 22.417 million will be listed in the next tranche....There is another round of PP/additional listing coming soon.

Posted by yewdheng > 2022-04-24 16:35 | Report Abuse

definitely will be a pull back...there will be 1 additional listing tomorrow & another 1 coming soon.

Posted by yewdheng > 2022-04-24 16:39 | Report Abuse

I will wait until the final additional listings has completed,

Posted by yewdheng > 2022-04-24 16:58 | Report Abuse

On 13/4/2022 ....9.28 million shares were disposed by an insider Mr Lim Tock Ooi....this represents 1.389% of the total no# of shares....Why is he dumping?....

Posted by Raiz368 > 2022-04-24 19:55 | Report Abuse

Sell to operator for pump and dump

Posted by yewdheng > 2022-04-25 11:15 | Report Abuse

I will wait until all of the remaining 22+ million are listed.that will come soon

Posted by whistlebower99 > 2022-04-25 13:09 | Report Abuse

Fast up fast down
Fast money for selected PP investors and ESOS recipients

Posted by yewdheng > 2022-04-25 14:10 | Report Abuse

support at 0.06-0.065...very strong support at 0,065.

Posted by yewdheng > 2022-04-25 15:03 | Report Abuse

it may go back to 0.07.....

Posted by yewdheng > 2022-04-25 15:07 | Report Abuse

something must be brewing inside there....An announce made on 22/4/2022The company - proposed renewal of shares buy back authority for the purchase of its own ordinary shares....Something must be brewing inside.

Posted by whistlebower99 > 2022-04-25 15:25 | Report Abuse

PP shares listing

On behalf of the Board, UOBKH wishes to announce that 6,590,000 new Fast Energy Shares issued pursuant to the first tranche of the Private Placement were listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad with effect from 9.00 a.m. on 25 April 2022.

This announcement is dated 25 April 2022.

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Directors continue to issue more shares fotmr RI, ESOS and PP
Then propose shares buy back.
No time to bring in profit from main businesses.

Posted by dessmond1 > 2022-04-25 15:54 | Report Abuse

No time to bring in profit from main businesses.

Spreading misinformation again eh?

Posted by Kok3Ken > 2022-04-25 16:03 | Report Abuse

fast money, manage to catch it, you get it

Posted by yewdheng > 2022-04-25 16:20 | Report Abuse

At this price of 0.065 with net asset of 0.26 nothing much can go wrong.

Posted by kobaytanhl > 2022-04-25 16:22 | Report Abuse

when is the next wave anybodu know ?

Posted by kobaytanhl > 2022-04-25 16:23 | Report Abuse

wow @yewdheng not bad wor the risk : reward ratio

Posted by yewdheng > 2022-04-25 16:23 | Report Abuse

if it can hit 50% of the net asset value which is 0.13....100% profit.

Posted by yewdheng > 2022-04-25 16:25 | Report Abuse

I don't know when is the next wave...but base on current valuation at 0,065 with net asset of 0.26 I consider it OK...a good buy

Posted by yewdheng > 2022-04-25 16:30 | Report Abuse

If you look at the historical data it hit a low of 0.055 on 12/4/2022 -14/4/2022 very briefly then very quickly go back to 0.06-0.065 level then to 0.07-0.075 levels.

Posted by yewdheng > 2022-04-25 16:31 | Report Abuse

From these numbers ,they are well supported at 0.06-0.065.

Posted by yewdheng > 2022-04-25 16:52 | Report Abuse

well supported with buy rate of 63.6% at the time of this writing eventhough KLCI drop 12 points.

Posted by yewdheng > 2022-04-26 09:16 | Report Abuse

i don't mind waiting , most importantly is the entry price.., the entry price must be right. The wait for it to go up.

Posted by dessmond1 > 2022-04-26 16:04 | Report Abuse

current price looks like good entry point ma, can average down if u want

Posted by JunHoHoHoHo > 2022-04-26 23:55 | Report Abuse

for now, anywhere between 5 and 65 is good entry point

Posted by JunHoHoHoHo > 2022-04-26 23:57 | Report Abuse

oil price now very good, mau tunngu bila lagi ?

Posted by ElijahYH > 2022-04-27 00:00 | Report Abuse

bought at 0.065 previously, wont add first for nw la see how first

Posted by dessmond1 > 2022-04-27 15:31 | Report Abuse

average down abit today, will try to buy more around 0.055 - 0.05

Posted by yewdheng > 2022-04-27 15:51 | Report Abuse

plummeting oil should benefit Fast more as they are in the business of selling fuel oil to ships

Posted by yewdheng > 2022-04-27 16:15 | Report Abuse

on 22/4/2022 an announcement was made for a proposed share buy back

Posted by tonygofly > 2022-04-27 16:40 | Report Abuse

support is here, might dip a little bit to 0.05 then we'll see some bounce back

Posted by ElijahYH > 2022-04-27 16:47 | Report Abuse

hmmmmm i think wait rebound signal first

Posted by ElijahYH > 2022-04-27 16:47 | Report Abuse

dont like the feel of money got locked, time is money

Posted by JunHoHoHoHo > 2022-04-27 17:42 | Report Abuse

well let's not forget their balance semi-con business, it's turning around

Posted by JunHoHoHoHo > 2022-04-27 17:42 | Report Abuse

diversified business meaning safer and more stable income

Posted by yewdheng > 2022-04-28 09:16 | Report Abuse

diversified....yup safer & more defensive.

Posted by vale0111 > 2022-04-28 14:20 | Report Abuse

those manage to get 0.06 yesterday, dont so fast take profit first keep until next week, you wont regret it

Posted by vale0111 > 2022-04-28 14:21 | Report Abuse

BABY SHARK DOO DOO DOO DOO DOO

DADDY SHARK DOO DOO DOO DOO DOO

Posted by kobaytanhl > 2022-04-28 14:27 | Report Abuse

yea spaank me daddy hahaha, as long as u go up faster i dont mind get smack

Posted by tonygofly > 2022-04-28 17:18 | Report Abuse

short term play = sell now, long term = hold

Posted by yewdheng > 2022-04-29 09:24 | Report Abuse

selling had been reduced since 26/4/2022.Now we can see the support at 0,06-0,065.From this level it will be accumulation period.An AGM was held yesterday....shares buy back authority may had been approved.& the company may be buying back now...

Posted by Shines > 2022-04-29 13:30 | Report Abuse

Stock named Fast, it only drop fast and up very very slow.

Posted by yewdheng > 2022-04-29 15:23 | Report Abuse

it may look slow....if you noticed,selling had reduced a lot.It's now the accumulation phase, once spring loaded, if it go up it may go up fast .No# of shares issued is quite small 675.51 million shares...below 1 billion.

Posted by JunHoHoHoHo > 2022-04-29 15:29 | Report Abuse

buy force > sell pressure ,

good good

Posted by JunHoHoHoHo > 2022-04-29 15:29 | Report Abuse

although i dont think price will fly soon but basically the bad news already factor in price, so now is a good time for risk reward play

Posted by jonathansiew > 2022-04-29 16:42 | Report Abuse

next week back to 7-8 sen range

Posted by 2020covid19 > 2022-05-04 19:20 | Report Abuse

https://www.youtube.com/watch?v=sczuoEFG2Yk
https://www.youtube.com/watch?v=u9wLATn4PBE
Bunkering services in Youtube videos

The wholly-owned subsidiary of Fast Energy Holdings
Berhad (formerly known as Techfast Holdings Berhad) (“the
Company”), namely, Fast Energy Sdn Bhd (“FESB”) engaged
in the oil bunkering business, which commenced operations
in late December 2020, has since secured several supply
contracts and entered into a joint venture agreement.
On 23 March 2021, the Company announced that FESB had
entered into a supply agreement with Huang Fan Sdn Bhd
for the supply of up to 6,000,000 litres of marine gas oil
each month. The aggregate contract value was estimated
at RM540million at the time of the announcement over the
period of 45 months.
On 24 March 2021, the Company completed the acquisition of
35% equity interest in CCK Petroleum Sdn Bhd (“CCKPSB”),
whose business is trading of petroleum products. CCKPSB
has an asset-light business model, established business
network of customers and it holds licenses that enable it to
provide oil bunkering services at Johor Port, Penang Port and
Port Klang. Its results are equity accounted for in the group’s
financial statements. The acquisition of CCKPSB includes a
profit guarantee of which RM3.50 million is attributable to the
Company for its 35% equity stake at the end of the two (2) year
guarantee period.
On 2 June 2021, the Company announced a joint venture
arrangement with Wise Marine Pte Ltd and Fultonn Marine
Sdn Bhd. This arrangement will involve the purchase of
suitable product tanker vessels to carry out marine fuel
trading activities, where FESB is entitled to a share of profit
from the joint venture.
On 2 June 2021, the Company also announced that FESB had
entered into an additional supply agreement with Wise Marine
Pte Ltd for the supply of low sulphur fuel oil, low sulphur marine
gas oil and high sulphur fuel oil. The Company will continue
to explore suitable ventures with fleet operators and players in
the shipping and logistics industry to secure medium to longer
term contracts.
The Company has also been actively streamlining its
businesses in line with its divestment strategy. During the
financial year ended 31 December 2021, it had completed the
sale of wholly-owned subsidiary company, Oriem Technology
Sdn Bhd. The Company also sold its self-clinching fastener
business with the completion of the sale of wholly-owned
subsidiary Techfast Precision Sdn Bhd. These businesses of
the Company have remained in small, medium industries and
was challenging to scale up.

The Company had also ventured into the solar energy
business with the incorporation of wholly-owned subsidiary,
Fast Solar Sdn Bhd (“FSSB”) on 2 August 2021. In October
2021, FSSB entered into a solar power purchase agreement
for the construction of a solar photovoltaic system and the
supply of electricity to its customer for an initial period of 25
years.
Full details of these significant events during the financial
year are detailed in Note 36 of the Financial Statements.
As these new businesses take off, the Company is actively
engaging in fund raising corporate exercises to fund its
working capital requirements. For the FYE 31 December
2021, the Company completed private placement in March
and issuance of new shares, which was used as part of
the purchase consideration for the 35% equity interest in
CCKPSB.
It had also received some increase in capital from the exercise
of options exercised under the Employee Share Option Scheme
(“ESOS”). Finally, in Dec 2021, the Company completed a
rights issue corporate exercise. The Company had increased
its issued and paid-up share capital from RM29.95 million to
RM116.66 million as at 31 December 2021. There are plans to
further raise capital through a private placement exercise as
announced in March 2022. Details of this private placement
are disclosed in Note 37 Significant Events After Reporting
Date.

Posted by yewdheng > 2022-05-05 11:50 | Report Abuse

With this bunkering business...it looks like something big is cooking.Big business.Private placement is for this business.New acquisition...of CCK Petroleum Sdn Bhd will add value to this company.