FAST ENERGY HOLDINGS BERHAD
KLSE (MYR): FAST (0084)
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Last Price
0.035
Today's Change
0.00 (0.00%)
Day's Change
0.03 - 0.035
Trading Volume
1,484,000
Profile
FAST ENERGY HOLDINGS BERHAD
Exchange: Bursa Malaysia Bursa Malaysia
Country Code: MY MY
Currency: MYR MYR
Sector: INDUSTRIAL PRODUCTS & SERVICES INDUSTRIAL PRODUCTS & SERVICES
Subsector: INDUSTRIAL MATERIALS, COMPONENTS & EQUIPMENT INDUSTRIAL MATERIALS, COMPONENTS & EQUIPMENT
Category: ORDINARY SHARE ORDINARY SHARE
Syariah Flag: Yes Yes
Short Sell Flag: No No
IDSS Flag: No No
Description
Fast Energy Holdings Berhad, an investment holding company, manufactures and distributes specialized fasteners and related precision turning and machining parts for the electronics, telecommunication, computer peripherals, and automotive industries. It also manufactures and trades in epoxy encapsulant materials for optoelectronics industries; mold cleaning rubber sheets; and electronic hardware products. In addition, the company offers training analytical and consultancy services; bunkering, oil bunkering, and vessel chartering services. Further, it trades in petroleum products and commodities, including bunker oil. The company operates in Malaysia, the United States, Europe, and Asia. The company was formerly known as Techfast Holdings Berhad and changed its name to Fast Energy Holdings Berhad in July 2021. Fast Energy Holdings Berhad was incorporated in 2004 and is headquartered in Shah Alam, Malaysia.
Address
Discussions
11 people like this. Showing 50 of 4,021 comments
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 ?
3 weeks ago
business still intact so all this technical stuff somwhat still applicable, if business jialat, technical or no technical oso GG one
2 weeks ago
FED interest rate announcing later most likely will further impact the global market :")
2 weeks ago
If Fast manage to tahan for two more quarter, guess their share price is going to turn better and better.
2 weeks ago
fast really need to go long term, short term holder not suitable. But oil bunkering 1 time flip over, more strong than enough
2 weeks ago
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.
2 weeks ago
queued some on 0.03 today trying my luck, so many ahead of me i doubt if i can even get it hahahaha
2 weeks ago
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"
2 weeks ago
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...
2 weeks ago
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
wait for the VLSFO premium percentage to increase and the HSFO discount percentage to drop in order to buy back
1 week ago
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
since the company still going on with their try and error,
janji ada buat kerja, they just need abit more patient
1 week ago
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
wait for a good signal. This counter will fly eventually since it resists to interest rate hike
1 week ago
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.
1 week ago
ohhh, today i dont feel like shitting, waste of time hahahah
ohhh, today i dont feel like eating wantan mee
6 days ago
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.
5 days ago
wait for news that "ports are overcrowded with ships after the borders are opened", then only you reenter
5 days ago
new business diversification allows fast to ride on the evolving maritime transport industry, could this be the catalyst
1 day ago
FOR NEWBIES
Be reminded 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.
1 day ago
anyone attending ? im under proxy so its a hustle i need to go thru my agent to attend
4 hours ago
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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.
3 weeks ago