FAST ENERGY HOLDINGS BERHAD

KLSE (MYR): FAST (0084)

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Last Price

0.035

Today's Change

+0.005 (16.67%)

Day's Change

0.03 - 0.035

Trading Volume

1,855,500

Price Target

A price target is an analyst's projection of a share's future price. 

Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.

Last Price

0.035

Avg Target Price

0.16

Upside/Downside

+0.125 (357.14%)

Price Call

0

SELL

0

HOLD

0

BUY

Date Open Price Target Price Upside/Downside Price Call Firm View Action
Discussions
11 people like this. Showing 50 of 4,015 comments

vale0111

enter before you regret!

3 weeks ago

liftgkiks

More investors coming in <3

2 weeks ago

nasilemak5

wait and see... Still confident with FAST....

2 weeks ago

nasilemak5

Bad decision were make on previous but share price and improvement is making during all this time....

2 weeks ago

nasilemak5

KIV

2 weeks ago

JunHoHoHoHo

volumized up movement, good sign good sign

2 weeks ago

JunHoHoHoHo

A new subsidiary, Fast Energy Sdn Bhd has been established to undertake the provision of bunkering services, vessel chartering and other related activities.

"As part of our strategic plans, we are bidding for contracts to boost our orderbook and exploring earnings-accretive opportunities via strategic partnerships or merger and acquisition," he said.

Currently, Techfast is in the midst of acquiring a 35 per cent stake in CCK Petroleum Sdn Bhd, a Malaysian-based fuel supplier, for RM26.25 million via a combination of cash and issuance of new shares.

CCK Petroleum is involved in the trading of bunker oil and provision of oil bunkering services, involving the trading of marine fuels to ships, as well as other ocean faring vessels.

Established in 2013, it has a wide clientele base in the maritime industry with oil bunkering activities focused at transiting major ports in Malaysia.

"This acquisition puts Techfast on a stronger footing to capture a bigger share of the local bunkering market and enhance our financial resilience.

"Moving forward, we intend to expand CCK Petroleum's current trading network to include international ports as well," he said.

He said Techfast is also engaging fleet operators as well as companies in the shipping, transportation and logistics industry to secure medium to long-term contracts to ensure a sustainable income.

"Currently, we are in discussions with a major Malaysian bunker supply company operating at Port Klang, which will further expand our portfolio.

"We view this as an opportune time to diversify into the oil bunkering business in line with the recovery in global trade activities and marine transportation.

"Currently, there is a supply squeeze due to new bunker tanker requirements, requiring bunker operators to invest in new vessels. As such, we are also considering investing in new bunker tankers to increase our competitive advantage," he added.

This new business diversification allows Techfast to ride on the evolving maritime transport industry.

There is now an energy shift in the industry from oil-based fuels to cleaner alternative energy sources due to the upcoming International Maritime Organisation (IMO) 2030/2050 regulation, which aims to reduce the shipping industry's emissions of greenhouse gases by at least 40 per cent by 2030 and 70 per cent by 2050.

Due to this, newbuilds are opting for dual-fueled engines that can be powered by liquefied natural gas (LNG).

This presents an opportunity for Techfast to venture into the LNG bunkering space after establishing a market for traditional oil-based fuels.

"At the same time, we also anticipate activities in the oil and gas (O&G) industry to pick up. As bunker services are a critical support function to the O&G industry, we can directly benefit from a rise in O&G activities in Malaysia.

"We are excited to embark on this new journey that will enable us to expand our revenue base and scope of services. With our strategic plans in place, we are confident that Techfast is well-positioned to yield stronger results and deliver sustainable long-term value to our shareholders."

Techfast will seek the approval from its shareholders for the acquisition and diversification at a forthcoming extraordinary general meeting to be convened on March 11, 2021.

2 weeks ago

vale0111

after readin some report regarding FAST business model but i got confused, anyone has a easiier to read material bout their business model and revenue making ?

2 weeks ago

Hadi Azrul

0.035 - 0.040 ??

2 weeks ago

ElijahYH

between 0.03 - 0.04 is decent price to enter

2 weeks ago

ElijahYH

business still intact so all this technical stuff somwhat still applicable, if business jialat, technical or no technical oso GG one

2 weeks ago

JunHoHoHoHo

FED interest rate announcing later most likely will further impact the global market :")

2 weeks ago

nasilemak5

If Fast manage to tahan for two more quarter, guess their share price is going to turn better and better.

2 weeks ago

JunHoHoHoHo

goreng sooon <3

2 weeks ago

vale0111

another big volume day, operator is making multiple small moves

2 weeks ago

vale0111

good entry point between 0.025 - 0.035

2 weeks ago

ElijahYH

queued some at 0.035

1 week ago

ElijahYH

anyone remember the LSSPV project ? 800m project

1 week ago

Kok3Ken

fast really need to go long term, short term holder not suitable. But oil bunkering 1 time flip over, more strong than enough

1 week ago

nasilemak5

There are so many case study showing oil bunkering is most time not doing good, But once they come back, cover more than 5-10 year losses. Anyhow Fast is still doing good and making profit, is a ready staying good effort.

1 week ago

Kok3Ken

queued some on 0.03 today trying my luck, so many ahead of me i doubt if i can even get it hahahaha

1 week ago

Kok3Ken

its very true nasilemak, since i can stomach bigger risk so i will take it

always remind myself something, "biggest risk of all is not taking one"

1 week ago

TRexxx

EGM on 30 Aug 22. Final conso voting....

1 week ago

TRexxx

Posted by Kok3Ken > 1 hour ago | Report Abuse

queued some on 0.03 today trying my luck, so many ahead of me i doubt if i can even get it hahahaha

-----------------

See got chance or not.... Still 19 days...
Wish you good luck...

1 week ago

JunHoHoHoHo

According to Simply Wall Street, Firstberry Sdn Bhd only own a mere 0.3% (18 million units) in Kanger International Bhd, so it can't even be called a majority shareholder. However, it has 5.78% stakes (75.9 million units) in Fast Energy Holdings Bhd. The reason Firstberry became the substantial shareholder at first was because of Yap Yoon Sing, the resigned managing director traded his share for the share in Firstberry.

https://www.bursamalaysia.com/market_information/announcements/company...

1 week ago

JunHoHoHoHo

wait for the VLSFO premium percentage to increase and the HSFO discount percentage to drop in order to buy back

1 week ago

vale0111

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

1 week ago

Kok3Ken

quiet day, see you on next monday hahahaha

1 week ago

Kok3Ken

since the company still going on with their try and error,
janji ada buat kerja, they just need abit more patient

1 week ago

vale0111

today many counter all drop, not just today actually its the same for the past 3 days

overall market still in bearish sentimental

1 week ago

vale0111

dont all in your capital, make sure u keep some cash for any opportunity

1 week ago

ElijahYH

not much mvement today for FAST

1 week ago

ElijahYH

done washing the ikan bilis out i think ??

1 week ago

JunHoHoHoHo

everytime 0.03 - 0.045 swing trade, happy happy

1 week ago

ElijahYH

Buying in low...Just wait for the rebound.

6 days ago

ElijahYH

wait for a good signal. This counter will fly eventually since it resists to interest rate hike

6 days ago

vale0111

okay lahhh Fast now so cheap can easily flip,

i take my chances!

6 days ago

vale0111

last month already flip once 0.03 - 0.045

6 days ago

whistlebower99

FOR NEWBIES

Be reminded of the proposal to be implemented soon.

i. Proposed Share Consolidation;

ii. Listing and quotation of up to 150,162,634 Consolidated Shares (assuming all outstanding Warrants are exercised and all remaining ESOS options are granted and exercised prior to the Proposed Share Consolidation);

iii. listing and quotation of up to 14,532,416 Consolidated Warrants arising from the adjustments pursuant to the Proposed Share Consolidated (assuming all the outstanding Warrants are not exercised prior to the Proposed Share Consolidation);

iv. listing and quotation of up to 52,556,921 Placement Shares to be issued pursuant to the Proposed Private Placement; and

v. listing and quotation of 11,800,000 Consideration Shares to be issued pursuant to the Proposed Acquisition.

This announcement is dated 25 July 2022.
https://www.bursamalaysia.com/market_information/announcements/company...

================
Wait for shares consolidation and warrants consolidations
Coming very soon.

6 days ago

Kok3Ken

unusually quiet for kanger today hmmmm

5 days ago

Kok3Ken

Fast has been "sloowww" this week lol

5 days ago

khpwwl

EGM meeting on 30 Aug...waste time to attend

4 days ago

liftgkiks

Don’t then, you have choices

4 days ago

Kok3Ken

ohhh, today i dont feel like shitting, waste of time hahahah
ohhh, today i dont feel like eating wantan mee

4 days ago

Kok3Ken

treating i3 like your twitter personal space hahahahaha

4 days ago

JunHoHoHoHo

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.

3 days ago

JunHoHoHoHo

wait for news that "ports are overcrowded with ships after the borders are opened", then only you reenter

3 days ago

vale0111

ageson arbb both move liao, when is Fast punya turn

13 hours ago

ElijahYH

below 0.4 is good price to enter,

but need to gv it sometime

13 hours ago

ElijahYH

if wan safer can wait after 30 aug after the EGm

13 hours ago

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