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.
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.
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
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.
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.
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....
tonygofly
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Posted by tonygofly > 2022-06-07 17:04 | Report Abuse
last chance to accumulate