FAST ENERGY HOLDINGS BERHAD

KLSE (MYR): FAST (0084)

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Last Price

0.065

Today's Change

0.00 (0.00%)

Day's Change

0.065 - 0.065

Trading Volume

18,000


13 people like this.

6,134 comment(s). Last comment by davidts95 18 hours ago

tonygofly

271 posts

Posted by tonygofly > 2022-06-07 17:04 | Report Abuse

last chance to accumulate

Posted by whistlebower99 > 2022-06-07 21:18 | Report Abuse

Promoting since 25sen time
Still promoting
So much bullets to average down
Superman of bursa

===========
Better wait for share consolidation to complete

davidts95

240 posts

Posted by davidts95 > 2022-06-08 15:55 | Report Abuse

monitor after share consolidation

ElijahYH

229 posts

Posted by ElijahYH > 2022-06-09 13:55 | Report Abuse

first quarter of 2022, made a net profit of MYR 241,000 from its bunkering, vessel chartering, and petroleum trading operations.

During the same period, revenue for the segment was MYR 50.5 million.

ElijahYH

229 posts

Posted by ElijahYH > 2022-06-09 13:57 | Report Abuse

The speed with which FAST can increase its profitability in the oil bunkering area – which, as we previously stated, is projected to be quite excellent based on the current view – is one important point to look up for the company.

ElijahYH

229 posts

Posted by ElijahYH > 2022-06-09 13:58 | Report Abuse

What's more significant to investors like us is that now is the perfect opportunity to buy shares since the price has been impeded by investors who totally don't comprehend what's going on.

davidts95

240 posts

Posted by davidts95 > 2022-06-09 15:38 | Report Abuse

@ElijahYH profit from oil bunkering are starting to show, FAST still have profit from solar power plant in the future too

tonygofly

271 posts

Posted by tonygofly > 2022-06-09 16:40 | Report Abuse

rebound coming soon

Posted by whistlebower99 > 2022-06-10 08:51 | Report Abuse

FOR NEWBIES

FAST ENERGY HOLDINGS BERHAD (FORMERLY KNOWN AS TECHFAST HOLDINGS BERHAD) ("FAST ENERGY" OR THE "COMPANY") I. PROPOSED SHARE CONSOLIDATION; II. PROPOSED PRIVATE PLACEMENT; AND III. PROPOSED ACQUISITION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

On behalf of the Board, UOBKH wishes to announce that the listing application in relation to the Proposals has been submitted to Bursa Malaysia Securities Berhad on 8 June 2022.

This announcement is dated 9 June 2022.

=====================
Coming very soon

khpwwl

3,403 posts

Posted by khpwwl > 2022-06-10 09:20 | Report Abuse

0.035-0.04-what kind of business that fast doing? better close down loh

Posted by whistlebower99 > 2022-06-10 15:52 | Report Abuse

Nasi lemak business more profitable than bunker business

davidts95

240 posts

Posted by davidts95 > 2022-06-10 16:52 | Report Abuse

next week go again, mb small rebound

Shines

2,728 posts

Posted by Shines > 2022-06-10 17:29 | Report Abuse

Still fishing for small cacin

davidts95

240 posts

Posted by davidts95 > 2022-06-13 16:05 | Report Abuse

close your eye for 1 year

tonygofly

271 posts

Posted by tonygofly > 2022-06-13 18:45 | Report Abuse

bullish on fast, anyone check their new website yet?

Posted by ClaraChan94 > 2022-06-13 19:18 | Report Abuse

This company got USD 1.4 million in bank balance to hedge against the current weak economic situation. Nice

billionman

828 posts

Posted by billionman > 2022-06-13 20:34 | Report Abuse

consolidation fear?? bilis at loss

billionman

828 posts

Posted by billionman > 2022-06-13 20:37 | Report Abuse

FAST ENERGY HOLDINGS BERHAD (FORMERLY KNOWN AS TECHFAST HOLDINGS BERHAD) ("FAST ENERGY" OR THE "COMPANY")
I. PROPOSED SHARE CONSOLIDATION;
II. PROPOSED PRIVATE PLACEMENT; AND
III. PROPOSED ACQUISITION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

On behalf of the Board, UOBKH wishes to announce that the listing application in relation to the Proposals has been submitted to Bursa Malaysia Securities Berhad on 8 June 2022.

This announcement is dated 9 June 2022.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

this pull down .........price...dilution...not much benefit to bilis

billionman

828 posts

Posted by billionman > 2022-06-13 20:38 | Report Abuse

what to look for when these activities commenced. All about fund raising. what do bilis gain accept looking for price fluctuations and pick up here and there the gain or loss.

Posted by whistlebower99 > 2022-06-13 20:40 | Report Abuse

FOR NEWBIES

Be reminded of Multiple Proposal :-

i. proposed consolidation of every 6 existing ordinary shares in Fast Energy held by the shareholders of Fast Energy, on an entitlement date to be determined and announced later ("Entitlement Date"), into 1 ordinary share in Fast Energy

=================
Assuming current market price, upon completion of share consolidation,
- 6000 shares @ 0.035 will be consolidated to 1000 shares @ 0.21

- 6000 warrants @ 0.02 will be consolidated to 1000 warrants @ 0.12

Exercise price for warrant will be adjusted from 0.15 to 0.90
Note that Warrant will be way out of money though expiry date is 11 Dec 2026

================
TAYOR

nasilemak5

254 posts

Posted by nasilemak5 > 2022-06-14 15:18 | Report Abuse

Malaysia: Fast Energy revenue up 948.8% on year to MYR 50.5 million in Q1 2022

Malaysia-listed oil bunkering and renewable energy provider Fast Energy Holdings Berhad (Fast) on Monday (30 May) published its report for the first quarter (Q1) of 2022 ended 30 March 2022.

The firm posted net loss of MYR 1.71 million (USD 391,721) in Q1 2022, 10.7% more from net loss of MYR 1.55 million in Q1 2021.

Overall revenue in Q1 2022 was MYR 50.54 million, up 948.8% from revenue of MYR 4.8 million in Q1 2021.

The company recorded net profit of MYR 241,000 for its bunkering, vessel chartering and petroleum trading operations during Q1 2022. Revenue for the segment was MYR 50.5 million during the similar quarter.

“To further enhance the earnings of the Group, the Company proposed to acquire another 175,000 ordinary shares in CCK Petroleum Sdn Bhd (CCKSB), representing a 35% equity interest,” said the company.

“As at the date of this report, CCKSB is a 35%-owned associate company of the Company. Upon completion of the proposed acquisition, Fast Energy will hold 70% equity interest in CCKSB and accordingly, CCKSB will become a subsidiary.

“Premised on the above and the growing demand for marine fuel oils as global trade and shipping activities gain momentum following reopening of economies, Management is cautiously optimistic on the overall prospects of this business segment barring any unforeseen circumstances.”

Manifold Times on 13 May reported Fast Energy proposing the disposal of subsidiary Cape Technology Sdn Bhd to finance the operational expenses of its oil bunkering, marine oil trading and renewable energy business.

davidts95

240 posts

Posted by davidts95 > 2022-06-14 15:58 | Report Abuse

waiting for FAST to rebound ....

Posted by ClaraChan94 > 2022-06-14 16:52 | Report Abuse

Seems like strong support at RM0.035. Wait for this week's FOMC meeting ba

tonygofly

271 posts

Posted by tonygofly > 2022-06-14 17:23 | Report Abuse

Need more good news before rebound, market really looks bad now

blistering

135 posts

Posted by blistering > 2022-06-15 00:12 | Report Abuse

collecting nearly 2mils units , wait for the big push before CONSO!!! let hopiummm

Citadel12

1,045 posts

Posted by Citadel12 > 2022-06-15 12:30 | Report Abuse

conso coming lor, all Holland lor

Posted by JunHoHoHoHo > 2022-06-15 14:53 | Report Abuse

not yet ba, if wan say holland, many counter go holland d

at the same time, this can be a rare opportunity dont you think ?

Posted by JunHoHoHoHo > 2022-06-15 14:54 | Report Abuse

but must make sure u arrange your portfolio and risk management nicely, dont do any rash move

Posted by kobaytanhl > 2022-06-15 14:55 | Report Abuse

keep cash first, still waiting for the reversal signal before going in again,

hate to see money stuck in market

Posted by whistlebower99 > 2022-06-15 17:17 | Report Abuse

Staunch supporters might have averaged down before rights issue, then subscribed rights issue then average down again before consolidation

Maybe have to average down again after consolidation

Lots of money stuck in the deep hole

Be very careful with your hard earned money

davidts95

240 posts

Posted by davidts95 > 2022-06-15 18:17 | Report Abuse

alot of brave man here, wait for better market sentiment first

drkewsc

11 posts

Posted by drkewsc > 2022-06-16 00:30 | Report Abuse

Stop scamming people . This is one of the worst company in KLSE

BILLC

2,027 posts

Posted by BILLC > 2022-06-16 13:07 | Report Abuse

You are right,,,,but Fast definitely is one of the biggest scam cap ayam in booosa,,,,,wakakaka,,,,

tonygofly

271 posts

Posted by tonygofly > 2022-06-16 17:22 | Report Abuse

Yes, everything in malaysia is a scam. Look at all the scammer still walking around and eating super ring

Posted by ClaraChan94 > 2022-06-16 19:51 | Report Abuse

Aiyo, this counter still showed strong support at RM0.035 after FED rate hike. Don't worry about. It will shine when the time comes

Citadel12

1,045 posts

Posted by Citadel12 > 2022-06-17 12:46 | Report Abuse

consolidation coming lor, want Holland geh continue hold

Posted by whistlebower99 > 2022-06-17 13:15 | Report Abuse

FOR NEWBIES

17/11/21 Rights issue 2:1 @ 0.12

18/5/22 Multiple Proposal announcement :-
i. proposed consolidation of every 6 existing ordinary shares in Fast Energy held by the shareholders of Fast Energy, on an entitlement date to be determined and announced later ("Entitlement Date"), into 1 ordinary share in Fast Energy

ii. a private placement of up to 35% of the total number of issued shares of Fast Energy to third party investor(s) to be identified later ("Proposed Private Placement"). For avoidance of doubt, the Proposed Private Placement is not undertaken in accordance with a general mandate pursuant to Sections 75 and 76 of the Companies Act 2016 ("Act"). As such, the Proposed Private Placement is subject to specific shareholder approval pursuant to Rule 6.06 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") ("Listing Requirements"); and

iii. acquisition of 175,000 ordinary shares in CCK Petroleum Sdn Bhd ("CCKSB") ("Sale Share(s)" or "CCKSB Share(s)"), representing 35.0% equity interest in CCKSB from Mohd Faizul bin Nasir ("Vendor") for a purchase consideration of RM28,000,000 ("Purchase Consideration") to be satisfied via a combination of RM23,972,660 in cash ("Cash Consideration") and RM4,027,340 via the issuance of 11,800,000 new ordinary shares in Fast Energy ("Fast Energy Share(s)" or "Share(s)") after the completion of the Proposed Share Consolidation at an issue price of RM0.3413 per Fast Energy Share

=================
Directors caught many supporter shareholders by surprised and unprepared
Master stroke

Kok3Ken

108 posts

Posted by Kok3Ken > 2022-06-17 13:43 | Report Abuse

overall today quiet abit

Kok3Ken

108 posts

Posted by Kok3Ken > 2022-06-17 13:49 | Report Abuse

so i guess see you on Monday ?

davidts95

240 posts

Posted by davidts95 > 2022-06-17 16:47 | Report Abuse

see you, next week another challenge again

tonygofly

271 posts

Posted by tonygofly > 2022-06-17 17:56 | Report Abuse

be cautious, heading to bear market now

Posted by StockSniperKing > 2022-06-20 13:33 | Report Abuse

Oil bunkering really take time long than expecting.... They are making changesss.... Wait...

khpwwl

3,403 posts

Posted by khpwwl > 2022-06-20 15:05 | Report Abuse

PN17 coming soon...still got hope?

davidts95

240 posts

Posted by davidts95 > 2022-06-20 16:00 | Report Abuse

lol, lots of supporter here, hope is there

vale0111

160 posts

Posted by vale0111 > 2022-06-20 16:07 | Report Abuse

Usd going strong

vale0111

160 posts

Posted by vale0111 > 2022-06-20 16:08 | Report Abuse

big players has enter the game

Jokers2020

2,006 posts

Posted by Jokers2020 > 2022-06-20 16:13 | Report Abuse

this stock will sleep for another 2 years...put yr money elsewhere better

CITADEL

1,867 posts

Posted by CITADEL > 2022-06-20 16:25 |

Post removed.Why?

BILLC

2,027 posts

Posted by BILLC > 2022-06-20 16:31 | Report Abuse

This cap ayam won’t sleeping but,,, burnt to ashes,,,

Hangusssssss,,,habisss,,,,tutup kedai,,,,

CITADEL

1,867 posts

Posted by CITADEL > 2022-06-20 16:33 | Report Abuse

conso become 35 cents then wash down to 0.1 again, sorxhai here will say rare opportunity hahaha

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