Posted by vale0111 > 2022-08-24 15:58 | Report Abuse

entire market slow down abit since monday red sea, so in short period im not gonna add more money first, if market mood better then i might reconsider over Fast is worth to invest in still

Posted by Kok3Ken > 2022-08-25 12:41 | Report Abuse

slow ohh Fast this few days, many retailers got their attention shifted to other hot stock

Posted by Kok3Ken > 2022-08-25 12:43 | Report Abuse

plus egm coming, 5 more days

Posted by ElijahYH > 2022-08-25 12:46 | Report Abuse

dunno what will happen after the meeting so i didnt buy too big position oso

Posted by ElijahYH > 2022-08-25 12:47 | Report Abuse

see first bahh, 5 days saje i can wait, wont attend so most probably will go thru online

Posted by nasilemak5 > 2022-08-26 15:06 | Report Abuse

Not much changing... But can sure that they will keep improving...

Posted by nasilemak5 > 2022-08-26 15:08 | Report Abuse

Change name, business model. restructuring. Website update.... is all doing step by step to lead Fast to a better position. In Fast I trust

Posted by BILLC > 2022-08-26 15:12 | Report Abuse

Fast the great scammer,,,,wakakaka,,,

Posted by BILLC > 2022-08-26 15:14 | Report Abuse

How many here been scammed by fast??,,,,sila ambil tangan,,,hahahaha,,,,

Posted by ElijahYH > 2022-08-26 16:49 | Report Abuse

it's all about buy high/low, profit/loss, if making loss and you dont have the power to avg down or taking losses and call it a scam, i think you shud LEAVE stock market like RIGHT AWAY :) newbie..

Posted by ElijahYH > 2022-08-26 16:51 | Report Abuse

reading all your old comments, i wonder , how u make a living with such low erhemmm brain power

Posted by Kok3Ken > 2022-08-26 16:52 | Report Abuse

ohh BILLC again, this fella single mindedly follow boss order to attack many many counters one, mestilah miskin nak keja find rezeki hehehe

Posted by JunHoHoHoHo > 2022-08-26 17:05 | 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.

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.

Posted by BILLC > 2022-08-26 17:11 | Report Abuse

When is FAST con-sol job ex date???

Why take such a long time to con people???

Fast fast lah as your name implied,,,,wakakaka,,,,

Posted by JunHoHoHoHo > 2022-08-26 17:11 | Report Abuse

Fast got USD 1.4 million in bank balance to hedge against the current weak economic situation anyway, so fret not

Posted by Kok3Ken > 2022-08-29 16:18 | Report Abuse

BILLC retarrddoo milo bodo2 thought can con people to panic sell, wat a pathetic

Posted by vale0111 > 2022-08-29 16:42 | Report Abuse

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 vale0111 > 2022-08-29 16:44 | Report Abuse

good thing they start to venture into new business and dropping those that are not profitable, this action is wise for long term

Posted by ElijahYH > 2022-08-30 18:01 | Report Abuse

Market slow abit for Fast, wait for next buy in signal

Posted by ElijahYH > 2022-08-30 18:18 | Report Abuse

Cash flow so far still looking so still can hold or enter some

Posted by Kok3Ken > 2022-08-30 19:34 | Report Abuse

Remains at the support price, stand firmly regardless of bad performance Malaysian index was displaying. Be patient and it will be goreng up in time

Posted by value8888 > 2022-09-01 10:46 | Report Abuse

thought that Fast will continue drop. It seems that getting better and solid.

Posted by value8888 > 2022-09-01 10:46 | Report Abuse

Well. worth my time. Hopefully better improvement in the next two quarter.

Posted by ElijahYH > 2022-09-01 16:56 | Report Abuse

Already park long time , like a seed, it takes some patient to wait for it to grow and become a big tree

Posted by ElijahYH > 2022-09-01 16:57 | Report Abuse

When the impatient got washed away, then it’s about time

Posted by Kok3Ken > 2022-09-01 18:17 | Report Abuse

usd down, oil price increase

Posted by Kok3Ken > 2022-09-01 18:18 | Report Abuse

if this issue continue snow balling, could be a good news for FAST

Posted by JunHoHoHoHo > 2022-09-02 14:00 | Report Abuse

crude brent priice surge, usd scare scare

Posted by JunHoHoHoHo > 2022-09-02 14:04 | Report Abuse

Amazing results but lack of recognition – FAST ENERGY HOLDINGS BHD


For the longest time, FAST ENERGY HOLDINGS BHD (FAST) had been neglected due to its business being dragged by its non-profitable mould cleaning rubber sheets and LED epoxy encapsulant business, which had resulted in a loss.

In May 12 however, things had started to take a turn. The company had disposed 100% equity interest in Cape Technology Sdn Bhd, which is good for the shareholders in value creation.


Plus, in tandem with other non-profitable companies which include Oriem Technology Sdn Bhd and Techfast Precision Sdn Bhd, the 3 now-disposed or ceased subsidiaries had resulted in RM0.72 million in net losses. Investors must take note that this will no longer impact FAST going forward.

Posted by ElijahYH > 2022-09-02 19:47 | Report Abuse

Low as it seems, business still intact oil going strong

Posted by ElijahYH > 2022-09-02 19:47 | Report Abuse

As long as us market don simply sneeze, things could be better but everyone pls prepare for the worst

Posted by JunHoHoHoHo > 2022-09-05 15:15 | Report Abuse

all low volume, patient is key sometimes its better to make no move than many unnecessary actions

Posted by JunHoHoHoHo > 2022-09-05 15:18 | Report Abuse

relek dulu, sit down at some cafe drink my hainan coffee, being excited to see what will happen next for FAST

Posted by vale0111 > 2022-09-05 15:24 | Report Abuse

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

Posted by vale0111 > 2022-09-05 15:25 | Report Abuse

already bought at 0.04 previously so for now i wont add more just yet, will consider again when the rebound signal is strong

Posted by ElijahYH > 2022-09-06 15:14 | Report Abuse

sentiment remain bear bear deii, everyone 人人自危

Posted by ElijahYH > 2022-09-06 15:14 | Report Abuse

many has pull out fund scare that they will be next who got potong sayur

Posted by Kok3Ken > 2022-09-06 15:15 | Report Abuse

for me i left a okok portion for Fast since my entry is quite low, the rest i keep as cash

Posted by Kok3Ken > 2022-09-06 15:15 | Report Abuse

as uncle buffet say, cash is king ::))))))

Posted by JunHoHoHoHo > 2022-09-07 21:30 | Report Abuse

overall market mmg not so good lahh everyone knows bout that, as long as company businesses and income are still intact, there's nothing much we investors can do

Posted by JunHoHoHoHo > 2022-09-07 21:30 | Report Abuse

but risk to reward ratio is pretty good that's why i dare to put some in just need some patient for it to realize it's potential

Posted by whistlebower99 > 2022-09-08 10:31 | Report Abuse

FOR NEWBIES

Be reminded of on-going corporate exercise yet to be completed

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

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").

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 ("Consideration Share(s)") ("Proposed Acquisition").

This announcement is dated 18 May 2022.

===============
Still waiting for announcement of ex-date for share consolidation

TAYOR

Posted by vale0111 > 2022-09-08 23:00 | Report Abuse

The proposed renewal of Shares Buy-Back Authority for the Purchase of its Own Ordinary Share has been approved. It will fly high just a matter of time

Posted by vale0111 > 2022-09-08 23:00 | Report Abuse

Collect some first and then see the price movement after it consolidated

Posted by Kok3Ken > 2022-09-08 23:07 | Report Abuse

not longer goreng counter, still got quality and price in recent wave also strong ma, set realistic target, maybe quarter and sentiment good . 0.10 got possible.

Posted by Kok3Ken > 2022-09-08 23:07 | Report Abuse

roman is not built in one day , same goes to fast. ot take times for recovery

Posted by whistlebower99 > 2022-09-09 22:36 | Report Abuse

https://focusmalaysia.my/3-top-management-employees-of-giib-holdings-detained-by-macc/
Warning to directors who hanky panky.

Posted by ElijahYH > 2022-09-09 23:06 | Report Abuse

“The recent increase in oil prices results in higher working capital requirements from oil bunkering players as supply needs to be secured at higher cost. This also dampens the profitability for this business segment. However, with the inflow of funds from the rights issue, management will be able to utilise the proceeds as working capital to fund a larger supply volume for our customers.

“Taking into consideration 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.”

Posted by ElijahYH > 2022-09-09 23:09 | Report Abuse

With the current price, downside is really the lowest right now

Posted by JunHoHoHoHo > 2022-09-09 23:11 | Report Abuse

need a balanced oil demand where it isn't high yet not low