Highlights

Good Articles to Share

Author: Tan KW   |   Latest post: Sun, 21 Apr 2019, 5:26 PM

 

Dayang snaps rally after downgrade, short selling suspended

Author:   |    Publish date:


KUALA LUMPUR: Dayang Enterprise's recent rally to a high of RM1.74 hit a speed bump on Tuesday after Hong Leong Investment Research's downgrade saw it skidding to a low of RM1.36.

At the close of trade, shares of the oil and gas services provider was down 24 sen to RM1.38 – the lowest close since March 6. It was actively traded with 106.35 million shares.
 
Dayang's share price had been on the upward trend since Feb 4 when it was trading at 60 sen only.

Tuesday's 24 sen tumble saw RM231.55mil erased as its market capitalisation was reduced to RM1.331bil.

According to Bloomberg, Hong Leong Research downgraded the recommendation to sell from buy. 

The price target was raised to RM1.15 from 91 sen, implying a 18% decrease. Dayang's average price target was RM1.23.

Bursa Malaysia had suspended the short selling of the shares earlier in the day aftet the share price fell 15 sen / 15% from the reference price. Short selling will only resume on Wednesday.

Naim Holdings Bhd is the largest sharehilders in Dayang with 26.42% or 254.92 million shares.

At the last traded price of RM1.38, it is trading at a price-to-earnings of 8.12 times while its forward PE is 12.11 times.

Read more at https://www.thestar.com.my/business/business-news/2019/03/19/dayang-snaps-rally-after-downgrade-short-selling-suspended/

 

Share this
Labels: DAYANG

Related Stocks

Chart Stock Name Last Change Volume 
DAYANG 1.34 0.00 (0.00%)

  Be the first to like this.
 
speakup Steven Chan not fired yet from Kenanga?
19/03/2019 9:59 PM
johnny cash This research houses that created the blunder on dayang, i think they has some hands in the desires in dayang, either they are interested to buy dayang or working for some organisations and paid by them, to bring down dayang price.. Real tricks
20/03/2019 8:48 AM
johnny cash Some organisations miss the boat, so they are using this research houses to push dayang price down.. Kenanga is always the stocks distroyer, look what they have done to Glove sector.. Very jealous of others earning money
20/03/2019 8:50 AM


 

1916 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SCOMNET 0.870.00 
 KOTRA 1.630.00 
 UCREST 0.240.00 
 PINEAPP 0.3750.00 
 PUC 0.090.00 
 WILLOW 0.4650.00 
 IRIS 0.1650.00 
 BTECH 0.250.00 
 3A 0.9250.00 
 TENAGA-C57 0.0650.00 

TOP ARTICLES

1. UNVEILING A POTENTIAL UPTREND COUNTER WITH LIMITED DOWNSIDE RISK !!! Bursa Master
2. QES - capable to support HUAWEI 5g Technology in ICT Bandar Malaysia(updated) share4u2019
3. The Stock Market is the Fastest Way to Stimulate Our Economy - Koon Yew Yin Koon Yew Yin's Blog
4. STOCKS I SWEAR BY - HEAVENLY PUNTER Heavenly Punter
5. TCapital Group - 冷眼【漫漫投资路第7步】现金流为王/冷眼 TCapital Group ( 冷眼慢慢投资 )
6. (Forecast) FLBHD (5197), JAYCORP (7152), LIIHEN (7089), POHUAT (7088) Quarter Report PE and ROE Share Forecast
7. Eversendai: Risk in Investing kcchongnz kcchongnz blog
8. Evidence for the resurrection! BY Josh McDowell(Calvin Tan Research) Sharing on this Easter Sunday Morning to All Dear i3 Forumers THE INVESTMENT APPROACH OF CALVIN TAN
Partners & Brokers