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.
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
Numerous case studies demonstrate that oil bunkering is frequently quite challenging, but that once it recovers, it can make up losses of up to five to ten years. However, Fast is still doing well and is profitable; this is a ready endeavour to continue doing well.
undervalued and have pretty good outlook especially in O&G. hope the coming quarter will be decent and they can fulfil the huge contracts they acquired recently
flexibility in respect of financial allocations for the operational requirements of its oil bunkering, marine oil trading and renewable energy segment, which in turn may allow the Group to carry out operations in a more efficient manner
In Malaysia, major ports such as Port Klang experienced bottlenecks earlier this year with high volume of vessels arriving at the ports, which bodes well for the group’s prospects
fast has successfully secured several contracts to deliver a range of marine fuel oils to prominent customers in various industries, and fast is aiming to fulfill the supply of 30,000 tonnes ahead of schedule.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
whistlebower99
5,255 posts
Posted by whistlebower99 > 2022-10-28 16:58 | Report Abuse
weekly chart is not nice since shares consolidation
need more time for price to stabilise