Highlights
KLSE: DESTINI (7212)       DESTINI BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.215   -0.005 (2.27%)  0.215 - 0.225  1,956,500
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Financials


Market Cap: 248 Million

Market Cap 248 Million
NOSH 1,155 Million

Latest Audited Result:  31-Dec-2018

Latest Audited Result: 31-Dec-2018
Announcement Date 30-Apr-2019
Next Audited Result: 31-Dec-2019
Est. Ann. Date: 30-Apr-2020
Est. Ann. Due Date: 28-Jun-2020

Latest Quarter:  30-Sep-2019 [#3]

Latest Quarter: 30-Sep-2019 [#3]
Announcement Date 29-Nov-2019
Next Quarter: 31-Dec-2019
Est. Ann. Date: 05-Mar-2020
Est. Ann. Due Date: 29-Feb-2020
QoQ | YoY   42.36%  |    105.32%

Annual (Unaudited) ( EPS: 0.16, P/E: 137.45 )

Revenue | NP to SH 401,116  |  1,807
RPS | P/RPS 34.72 Cent  |  0.62
EPS | P/E | EY 0.16 Cent  |  137.45  |  0.73%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.44  |  0.49
YoY   -94.11%
NP Margin | ROE 0.56%  |  0.35%
F.Y. | Ann. Date 31-Dec-2018  |  05-Mar-2019

T4Q Result ( EPS: 0.29, P/E: 73.29 )

Revenue | NP to SH 323,264  |  3,389
RPS | P/RPS 27.98 Cent  |  0.77
EPS | P/E | EY 0.29 Cent  |  73.29  |  1.36%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.44  |  0.49
QoQ | YoY   132.45%  |    -42.50%
NP Margin | ROE 1.45%  |  0.67%
F.Y. | Ann. Date 30-Sep-2019  |  29-Nov-2019

Annualized Result ( EPS: 0.21, P/E: 102.07 )

Revenue | NP to SH 293,992  |  2,433
RPS | P/RPS 25.45 Cent  |  0.84
EPS | P/E | EY 0.21 Cent  |  102.07  |  0.98%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   7.96%  |    647.95%
NP Margin | ROE 1.14%  |  0.48%
F.Y. | Ann. Date 30-Sep-2019  |  29-Nov-2019


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Dec-2019 29-Nov-2019 30-Sep-2019 3 323,264 12,983 4,678 3,389 0 508,301 - % 1.45% 0.67% 1,155,230 27.98 27.98 0.29 0.29 0.00 0.00 0.4400 0.44   132.45%   -42.50% 30-Sep-2019 0.19 0.68 64.77 0.43 1.54% 0.00% 29-Nov-2019 0.21 0.75 71.58 0.48 1.40% 0.00%
31-Dec-2019 30-Aug-2019 30-Jun-2019 2 244,037 -4,671 -9,554 -10,445 0 507,839 - % -3.91% -2.06% 1,155,230 21.12 21.12 -0.90 -0.90 0.00 0.00 0.4396 0.44   -96.85%   -137.47% 28-Jun-2019 0.245 1.16 -27.10 0.56 -3.69% 0.00% 30-Aug-2019 0.22 1.04 -24.33 0.50 -4.11% 0.00%
31-Dec-2019 31-May-2019 31-Mar-2019 1 348,034 2,045 -4,583 -5,306 0 507,492 - % -1.32% -1.05% 1,155,230 30.13 30.13 -0.46 -0.46 0.00 0.00 0.4393 0.44   -393.80%   -118.70% 29-Mar-2019 0.30 1.00 -65.32 0.68 -1.53% 0.00% 31-May-2019 0.26 0.86 -56.61 0.59 -1.77% 0.00%
31-Dec-2018 05-Mar-2019 31-Dec-2018 4 401,116 10,193 2,265 1,806 0 509,225 - % 0.56% 0.35% 1,155,230 34.72 34.72 0.16 0.16 0.00 0.00 0.4408 0.44   -69.36%   -94.11% 31-Dec-2018 0.205 0.59 131.13 0.47 0.76% 0.00% 05-Mar-2019 0.22 0.63 140.73 0.50 0.71% 0.00%
31-Dec-2018 07-Dec-2018 30-Sep-2018 3 406,363 5,912 4,983 5,894 0 508,070 - % 1.23% 1.16% 1,155,230 35.18 35.18 0.51 0.51 0.00 0.00 0.4398 0.44   -78.85%   -84.07% 28-Sep-2018 0.295 0.84 57.82 0.67 1.73% 0.00% 07-Dec-2018 0.135 0.38 26.46 0.31 3.78% 0.00%
31-Dec-2018 29-Aug-2018 30-Jun-2018 2 585,559 38,642 28,001 27,874 0 520,431 - % 4.78% 5.36% 1,155,230 50.69 50.69 2.41 2.41 0.00 0.00 0.4505 0.45   -1.76%   -15.83% 29-Jun-2018 0.245 0.48 10.15 0.54 9.85% 0.00% 29-Aug-2018 0.295 0.58 12.23 0.65 8.18% 0.00%
31-Dec-2018 30-May-2018 31-Mar-2018 1 599,458 38,481 27,453 28,374 0 514,886 - % 4.58% 5.51% 1,155,230 51.89 51.89 2.46 2.46 0.00 0.00 0.4457 0.45   -7.50%   -20.93% 30-Mar-2018 0.475 0.92 19.34 1.07 5.17% 0.00% 30-May-2018 0.21 0.40 8.55 0.47 11.70% 0.00%
31-Dec-2017 28-Feb-2018 31-Dec-2017 4 685,602 41,761 29,350 30,675 0 509,225 - % 4.28% 6.02% 1,155,230 59.35 59.35 2.66 2.66 0.00 0.00 0.4408 0.44   -17.11%   -7.05% 29-Dec-2017 0.52 0.88 19.58 1.18 5.11% 0.00% 28-Feb-2018 0.59 0.99 22.22 1.34 4.50% 0.00%
31-Dec-2017 29-Nov-2017 30-Sep-2017 3 693,026 57,223 36,415 37,009 0 504,604 - % 5.25% 7.33% 1,155,230 59.99 59.99 3.20 3.20 0.00 0.00 0.4368 0.44   11.75%   21.17% 29-Sep-2017 0.565 0.94 17.64 1.29 5.67% 0.00% 29-Nov-2017 0.43 0.72 13.42 0.98 7.45% 0.00%
31-Dec-2017 30-Aug-2017 30-Jun-2017 2 550,745 45,299 30,526 33,117 0 496,055 - % 5.54% 6.68% 1,155,230 47.67 47.67 2.87 2.87 0.00 0.00 0.4294 0.43   -7.72%   1.28% 30-Jun-2017 0.695 1.46 24.24 1.62 4.12% 0.00% 30-Aug-2017 0.605 1.27 21.10 1.41 4.74% 0.00%
31-Dec-2017 31-May-2017 31-Mar-2017 1 496,390 49,694 33,605 35,886 0 489,397 - % 6.77% 7.33% 1,155,057 42.98 42.97 3.11 3.11 0.00 0.00 0.4237 0.42   8.74%   31.00% 31-Mar-2017 0.75 1.75 24.14 1.77 4.14% 0.00% 31-May-2017 0.71 1.65 22.85 1.68 4.38% 0.00%
31-Dec-2016 27-Feb-2017 31-Dec-2016 4 354,425 46,332 31,149 33,002 0 491,268 - % 8.79% 6.72% 1,022,411 34.67 30.68 3.23 2.86 0.00 0.00 0.4805 0.43   8.05%   56.55% 30-Dec-2016 0.60 1.73 18.59 1.25 5.38% 0.00% 27-Feb-2017 0.75 2.16 23.24 1.56 4.30% 0.00%
31-Dec-2016 22-Nov-2016 30-Sep-2016 3 329,845 38,077 25,710 30,544 0 469,824 - % 7.79% 6.50% 989,730 33.33 28.55 3.09 2.64 0.00 0.00 0.4747 0.41   -6.59%   56.40% 30-Sep-2016 0.84 2.52 27.22 1.77 3.67% 0.00% 22-Nov-2016 0.785 2.36 25.44 1.65 3.93% 0.00%
31-Dec-2016 08-Aug-2016 30-Jun-2016 2 371,560 40,638 28,184 32,699 0 378,207 - % 7.59% 8.65% 926,979 40.08 32.16 3.53 2.83 0.00 0.00 0.4080 0.33   19.37%   95.79% 30-Jun-2016 0.56 1.40 15.88 1.37 6.30% 0.00% 08-Aug-2016 0.655 1.63 18.57 1.61 5.39% 0.00%
31-Dec-2016 30-May-2016 31-Mar-2016 1 313,863 34,006 22,950 27,393 0 357,790 - % 7.31% 7.66% 918,589 34.17 27.17 2.98 2.37 0.00 0.00 0.3895 0.31   29.94%   91.03% 31-Mar-2016 0.595 1.74 19.95 1.53 5.01% 0.00% 30-May-2016 0.61 1.79 20.46 1.57 4.89% 0.00%
31-Dec-2015 29-Feb-2016 31-Dec-2015 4 270,057 25,688 17,243 21,081 0 350,073 - % 6.38% 6.02% 866,090 31.18 23.38 2.43 1.82 0.00 0.00 0.4042 0.30   7.95%   27.22% 31-Dec-2015 0.59 1.89 24.24 1.46 4.13% 0.00% 29-Feb-2016 0.56 1.80 23.01 1.39 4.35% 0.00%
31-Dec-2015 02-Nov-2015 30-Sep-2015 3 241,077 22,252 18,337 19,529 0 268,650 - % 7.61% 7.27% 807,727 29.85 20.87 2.42 1.69 0.00 0.00 0.3326 0.23   16.93%   56.82% 30-Sep-2015 0.575 1.93 23.78 1.73 4.20% 0.00% 02-Nov-2015 0.615 2.06 25.44 1.85 3.93% 0.00%
31-Dec-2015 28-Aug-2015 30-Jun-2015 2 189,936 21,721 14,920 16,701 0 257,498 - % 7.86% 6.49% 798,444 23.79 16.44 2.09 1.45 0.00 0.00 0.3225 0.22   16.46%   73.88% 30-Jun-2015 0.625 2.63 29.88 1.94 3.35% 0.00% 28-Aug-2015 0.59 2.48 28.21 1.83 3.55% 0.00%
31-Dec-2015 29-May-2015 31-Mar-2015 1 175,841 18,268 11,835 14,340 0 243,104 - % 6.73% 5.90% 775,454 22.68 15.22 1.85 1.24 0.00 0.00 0.3135 0.21   -13.46%   61.36% 31-Mar-2015 0.58 2.56 31.36 1.85 3.19% 0.00% 29-May-2015 0.58 2.56 31.36 1.85 3.19% 0.00%
31-Dec-2014 27-Feb-2015 31-Dec-2014 4 166,965 21,340 14,751 16,571 0 279,045 - % 8.83% 5.94% 797,500 20.94 14.45 2.08 1.43 0.00 0.00 0.3499 0.24   33.07%   101.74% 31-Dec-2014 0.60 2.87 28.88 1.71 3.46% 0.00% 27-Feb-2015 0.57 2.72 27.43 1.63 3.65% 0.00%
31-Dec-2014 28-Nov-2014 30-Sep-2014 3 140,780 18,588 11,827 12,453 0 283,193 - % 8.40% 4.40% 792,592 17.76 12.19 1.57 1.08 0.00 0.00 0.3573 0.25   29.65%   40.09% 30-Sep-2014 0.64 3.60 40.73 1.79 2.45% 0.00% 28-Nov-2014 0.59 3.32 37.55 1.65 2.66% 0.00%
31-Dec-2014 27-Aug-2014 30-Jun-2014 2 120,132 15,367 11,590 9,605 0 274,446 - % 9.65% 3.50% 724,705 16.58 10.40 1.33 0.83 0.00 0.00 0.3787 0.24   8.08%   17.05% 30-Jun-2014 0.74 4.46 55.83 1.95 1.79% 0.00% 27-Aug-2014 0.68 4.10 51.31 1.80 1.95% 0.00%
31-Dec-2014 30-May-2014 31-Mar-2014 1 106,046 15,185 11,887 8,887 0 105,835 - % 11.21% 8.40% 489,523 21.66 9.18 1.82 0.77 0.00 0.00 0.2162 0.09   8.19%   10.51% 31-Mar-2014 0.525 2.42 28.92 2.43 3.46% 0.00% 30-May-2014 0.65 3.00 35.80 3.01 2.79% 0.00%
31-Dec-2013 28-Feb-2014 31-Dec-2013 4 93,314 14,005 10,871 8,214 0 103,656 - % 11.65% 7.92% 482,124 19.35 8.08 1.70 0.71 0.00 0.00 0.2150 0.09   -7.59%   16.23% 31-Dec-2013 0.43 2.22 25.24 2.00 3.96% 0.00% 28-Feb-2014 0.49 2.53 28.76 2.28 3.48% 0.00%
31-Dec-2013 26-Nov-2013 30-Sep-2013 3 80,583 13,084 10,732 8,889 0 62,053 - % 13.32% 14.32% 367,179 21.95 6.98 2.42 0.77 0.00 0.00 0.1690 0.05   8.32%   325.31% 30-Sep-2013 0.38 1.73 15.70 2.25 6.37% 0.00% 26-Nov-2013 0.375 1.71 15.49 2.22 6.46% 0.00%
31-Dec-2013 28-Aug-2013 30-Jun-2013 2 75,236 11,128 8,778 8,206 0 60,431 - % 11.67% 13.58% 367,142 20.49 6.51 2.24 0.71 0.00 0.00 0.1646 0.05   2.04%   204.60% 28-Jun-2013 0.325 1.59 14.54 1.97 6.88% 0.00% 28-Aug-2013 0.39 1.90 17.45 2.37 5.73% 0.00%
31-Dec-2013 18-Apr-2013 31-Mar-2013 1 64,795 9,924 8,553 8,042 0 58,750 - % 13.20% 13.69% 354,558 18.27 5.61 2.27 0.70 0.00 0.00 0.1657 0.05   13.80%   19.39% 29-Mar-2013 0.32 1.75 14.11 1.93 7.09% 0.00% 18-Apr-2013 0.375 2.05 16.53 2.26 6.05% 0.00%
31-Dec-2012 28-Feb-2013 31-Dec-2012 4 56,837 8,168 7,066 7,067 0 52,023 - % 12.43% 13.58% 330,729 17.19 4.92 2.14 0.61 0.00 0.00 0.1573 0.05   238.13%   -2.40% 31-Dec-2012 0.33 1.92 15.44 2.10 6.48% 0.00% 28-Feb-2013 0.315 1.83 14.74 2.00 6.78% 0.00%
31-Dec-2012 30-Nov-2012 30-Sep-2012 3 34,931 2,022 2,090 2,090 0 18,508 - % 5.98% 11.29% 144,038 24.25 3.02 1.45 0.18 0.00 0.00 0.1285 0.02   -22.42%   -66.65% 28-Sep-2012 0.31 1.28 21.36 2.41 4.68% 0.00% 30-Nov-2012 0.33 1.36 22.74 2.57 4.40% 0.00%
31-Dec-2012 30-Aug-2012 30-Jun-2012 2 32,499 2,779 2,694 2,694 0 17,332 - % 8.29% 15.54% 79,545 40.86 2.81 3.39 0.23 0.00 0.00 0.2179 0.01   -60.01%   162.56% 29-Jun-2012 0.25 0.61 7.38 1.15 13.55% 0.00% 30-Aug-2012 0.36 0.88 10.63 1.65 9.41% 0.00%
31-Dec-2012 25-May-2012 31-Mar-2012 1 36,418 6,821 6,736 6,736 0 17,040 - % 18.50% 39.53% 79,777 45.65 3.15 8.44 0.58 0.00 0.00 0.2136 0.01   -6.97%   179.81% 30-Mar-2012 0.25 0.55 2.96 1.17 33.77% 0.00% 25-May-2012 0.25 0.55 2.96 1.17 33.77% 0.00%
31-Dec-2011 29-Feb-2012 31-Dec-2011 4 37,519 7,326 7,241 7,241 0 15,749 - % 19.30% 45.98% 79,464 47.21 3.25 9.11 0.63 0.00 0.00 0.1982 0.01   15.54%   172.42% 30-Dec-2011 0.25 0.53 2.74 1.26 36.45% 0.00% 29-Feb-2012 0.25 0.53 2.74 1.26 36.45% 0.00%
31-Dec-2011 25-Nov-2011 30-Sep-2011 3 39,145 6,420 6,267 6,267 0 16,316 - % 16.01% 38.41% 80,059 48.90 3.39 7.83 0.54 0.00 0.00 0.2038 0.01   245.54%   176.99% 30-Sep-2011 0.255 0.52 3.26 1.25 30.70% 0.00% 25-Nov-2011 0.25 0.51 3.19 1.23 31.31% 0.00%
30-Sep-2011 23-Aug-2011 30-Jun-2011 2 35,526 -3,653 -4,306 -4,306 0 14,944 - % -12.12% -28.81% 80,000 44.41 3.08 -5.38 -0.37 0.00 0.00 0.1868 0.01   48.98%   -190.55% 30-Jun-2011 0.255 0.57 -4.74 1.37 -21.11% 0.00% 23-Aug-2011 0.255 0.57 -4.74 1.37 -21.11% 0.00%
30-Sep-2011 31-May-2011 31-Mar-2011 1 35,721 -7,779 -8,440 -8,440 0 1,053,571 - % -23.63% -0.80% 79,876 44.72 3.09 -10.57 -0.73 0.00 0.00 13.1900 0.91   15.58%   -989.03% 31-Mar-2011 0.255 0.57 -2.41 0.02 -41.44% 0.00% 31-May-2011 0.255 0.57 -2.41 0.02 -41.44% 0.00%
30-Sep-2011 28-Feb-2011 31-Dec-2010 34,109 -9,497 -9,998 -9,998 0 863,425 - % -29.31% -1.16% 80,169 42.55 2.95 -12.47 -0.87 0.00 0.00 10.7700 0.75   -22.83%   -5,080.31% 30-Dec-2010 0.255 0.60 -2.04 0.02 -48.91% 0.00% 28-Feb-2011 0.255 0.60 -2.04 0.02 -48.91% 0.00%
30-Sep-2010 14-Dec-2010 30-Sep-2010 44,125 -7,479 -8,140 -8,140 0 13,426 - % -18.45% -60.63% 79,965 55.18 3.82 -10.18 -0.70 0.00 0.00 0.1679 0.01   -449.26%   -3,578.63% 30-Sep-2010 0.255 0.46 -2.51 1.52 -39.92% 0.00% 14-Dec-2010 0.255 0.46 -2.51 1.52 -39.92% 0.00%
30-Sep-2010 30-Aug-2010 30-Jun-2010 3 49,584 -1,829 -1,482 -1,482 0 22,824 - % -2.99% -6.49% 80,625 61.50 4.29 -1.84 -0.13 0.00 0.00 0.2831 0.02   -91.23%   66.40% 30-Jun-2010 0.255 0.41 -13.87 0.90 -7.21% 0.00% 30-Aug-2010 0.255 0.41 -13.87 0.90 -7.21% 0.00%
30-Sep-2010 31-May-2010 31-Mar-2010 2 45,634 -1,914 -775 -775 0 22,333 - % -1.70% -3.47% 79,791 57.19 3.95 -0.97 -0.07 0.00 0.00 0.2799 0.02   -301.55%   93.81% 31-Mar-2010 0.255 0.45 -26.25 0.91 -3.81% 0.00% 31-May-2010 0.255 0.45 -26.25 0.91 -3.81% 0.00%
30-Sep-2010 25-Feb-2010 31-Dec-2009 1 48,977 25 -193 -193 0 21,907 - % -0.39% -0.88% 79,636 61.50 4.24 -0.24 -0.02 0.00 0.00 0.2751 0.02   -182.48%   98.81% 20-Nov-2009 0.255 0.41 -105.22 0.93 -0.95% 0.00% 25-Feb-2010 0.255 0.41 -105.22 0.93 -0.95% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


Analyze this stock with MQ Trader system
  10 people like this.
 
calvintaneng T7 GLOBAL & DESTINI ; THE BELATED BULL RUN OGSE SUPPORT ENTITIES, Calvin Tan Research 8

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/234374.jsp
08/11/2019 1:41 AM
Lucklystar Calvin, last year when destini price at RM0.30++ you also said cheap and worth to buy. After that price drop to RM0.20 then you keep quiet. Now the price recover a bit and you come out talk again.
08/11/2019 8:29 AM
jltay Calvin cannot predict & not expertise on the forum. only for reference.
08/11/2019 8:40 AM
jltay Calvin cannot predict & not expertise on the forum. only for reference.
08/11/2019 8:40 AM
calvintaneng Good morning

Destini price drop plus winning 5 year workover job award from petronas cargali make it the best undervalue ogse support stock now

Calvin is a specialist in undervalue stock with the best potential for upside gain

Go go destini!!
08/11/2019 10:50 AM
Badkama This Calvin is a professional conman and very convincing too ,people should not blindly listen to his ranting. He was so optimistic about scomi,look at its price now.
08/11/2019 1:28 PM
calvintaneng Short term market sentiment dictates price

LONGER TERM VALUE TAKES OVER

WITH 5 YEAR WORKOVER JOB OF HIGH PROFIT IT WILL APPEAR IN BALANCE SHEETS

PRICE WILL READJUST UPWARD ACCORDINGLY

See how Kbunai, Mj Perak & Carimin up already
08/11/2019 1:35 PM
Badkama You idiot, we hold for 5years to profit while you promote the stock, goreng and check out leaving us to bleed to death. Just shut up Calvin, we just had enough of you and your silly suggestion. Go take a hike, man
08/11/2019 9:24 PM
Ron90 one thing that holding back this company is the boss is UMN0 strong man...very much politically related company under previous gomen. other than that, this company is very good.

cannot get lucrative defense contracts
11/11/2019 8:19 AM
calvintaneng Already secured 5 year ogse workover umbrellas contract from petronas cari gali

Very high paying job which will translate to very high future profits

Anything below 25 sen just buy and hold
11/11/2019 12:04 PM
calvintaneng WORKOVER JOBS COMMAND HIGH PROFITS

Reason to perform a workover
Workovers rank among the most complex, difficult and expensive types of wellwork. They are only performed if the completion of a well is terminally unsuitable for the job at hand. The production tubing may have become damaged due to operational factors like corrosion to the point where well integrity is threatened. Downhole components such as tubing, retrievable downhole safety valves, or electrical submersible pumps may have malfunctioned, needing replacement.


Workover Rig doing a Snub Job
In other circumstances, the reason for a workover may not be that the completion itself is in a bad condition, but that changing reservoir conditions make the former completion unsuitable. For example, a high productivity well may have been completed with 5½" tubing to allow high flow rates (a narrower tubing would have unnecessarily choked the flow). Some years on, declining productivity means the reservoir can no longer support stable flow through this wide bore. This may lead to a workover to replace the 5½" tubing with 4½" tubing. The narrower bore makes for a more stable flow.

Operation
Before any workover, the well must first be killed. Since workovers are long planned in advance, there would be much time to plan the well kill and so the reverse circulation would be common. The intense nature of this operation often requires no less than the capabilities of a drilling rig.

The workover begins by killing the well then removing the wellhead and possibly the flow line, then installing a B.O.P commonly known as a blowout preventer, then lifting the tubing hanger from the casing head, thus beginning to pull the completion out of the well. The string will almost always be fixed in place by at least one production packer. If the packer is retrievable it can be released easily enough and pulled out with the completion string. If it is permanent, then it is common to cut the tubing just above it and pull out the upper portion of the string. If necessary, the packer and the tubing left in hole can be milled out, though more commonly, the new completion will make use of it by setting a new packer just above it and running new tubing down to the top of the old.

Workovers on casing
Although less exposed to wellbore fluids, casing strings too have been known to lose integrity. On occasion, it may be deemed economical to pull and replace it. Because casing strings are cemented in place, this is significantly more difficult and expensive than replacing the completion string. If in some instances the casing cannot be removed from the well, it may be necessary to sidetrack the offending area and recomplete, also an expensive process. For all but the most productive well, replacing casing would never be economical.


Read again

Workovers rank among the most complex, difficult and expensive types of wellwork

. If in some instances the casing cannot be removed from the well, it may be necessary to sidetrack the offending area and recomplete, also an expensive process


FOR THE NEXT 5 YEARS DESTINI IS GIVEN UMBRELLA PROJECTS OVER MORE THAN 350 PETRONAS OIL AND GAS WELLS WORKOVER SERVICES WHICH COMMAND HIGH PROFITS JUST LIKE PENERGY, VELESTO & DAYANG

HOLD TIGHT ALL DESTINI SHARES FOR MAXIMUM UPSIDE

Regards
Calvin
12/11/2019 10:43 AM
calvintaneng Why WORKOVER commands such high profits for Destini

Because it involves highly skilled expertise

See

https://www.youtube.com/watch?v=0IsAq_tf0mU
12/11/2019 10:52 AM
Kenzotaj https://klse.i3investor.com/m/blog/AmInvestResearch/234386.jsp
12/11/2019 6:23 PM
calvintaneng DESTINI TURNING INTO SUPER OGSE BULL STOCK AFTER SECURING 5 YEAR WORKOVER UMBRELLA JOBS OVER 350 PETRONAS OIL AND GAS WELLS
13/11/2019 9:22 AM
calvintaneng Target price for destini

30 sen
40 sen
50 sen short term

Long term can go above RM1. 00

Go go power ranger!!
13/11/2019 9:49 AM
calvintaneng YES!

PENERGY ONLY WON ONE OR TWO OGSE TOPSIDE JOBS AND POWERED UP FROM 34 SEN TO OVER RM1.60

SO DESTINI WINNING 5 YEAR WORKOVER JOB WILL AT LEAST GO TO 50 SEN

DESTINI GLOBAL STILL GOT

1) ECRL JOB PROSPECTS

2) AEROSPACE

3) MARINE

4) SO MANY OTHERS

5) AND IT IS AN EXPERIENCED BUMI CONTRACTOR

GOT LOTS OF GOVT JOBS


SO BUY AND HOLD TIGHT!!
13/11/2019 10:23 AM
Eric Pang 中美贸易谈判进展未明,加上香港局势恶化,冲击投资情绪,区域股市全面滑落,其中香港股市恒生指数重挫2.02%、上海股市综指跌0.33%以及东京日经指数跌0.85%。

市场静待本周五的大马第三季经济成长数据出炉,马币微跌至4.1500,昨日为4.1410。
14/11/2019 6:53 AM
Eric Pang 中美贸易谈判或陷僵局·​美股涨跌不一或陷僵局·​美股涨跌不一

(纽约15日讯)美中谈判或陷僵局,英国《金融时报》报道称中美可能难以敲定第一阶段贸易协议,中国正在想方设法延迟休战,降低了在未来几天达成最终协议的机会。纽约股市三大股指14日涨跌不一。
15/11/2019 10:56 AM
briankyz anyone heard that Tun Daim is going to invest in this Destini? i think is just the time matter for this share to surge
15/11/2019 11:36 AM
calvintaneng Briankyz

Calvin would like to hear more from you

Please whataspp 0146101668
Thks
17/11/2019 9:53 PM
Ron90 ayoo...calvin could hv missed some info la.. Destini now without government lucrative project , esp that related to defense contract coz this company belong to UMNO .. revenue has continuously drop significantly ... if BN win next ellection..this one will fly back to the moon !!
17/11/2019 11:24 PM
calvintaneng BN IS NOT PETRONAS

PETRONAS AWARDED 5 YEAR HIGH PROFIT WORKOVER JOB FOR DESTINI

See

https://www.youtube.com/watch?v=0IsAq_tf0mU
17/11/2019 11:28 PM
Saw PW but the letter of contract award did not state the value amount
18/11/2019 11:03 PM
Eddredd more than enough for 5 years
19/11/2019 5:35 PM
calvintaneng TOP UNDERVALUE SHARES TO BUY NOW FOR 2020 BULL RUN TIME, By Calvin Tan Research

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/237898.jsp


DESTINI WON 5 YEAR WORKOVER JOB FOR SUBSEA

DESTINI IS EXPERT IN TUBULAR JOBS
19/11/2019 9:40 PM
Ron90 this company got so many contract this year from Petronas, Sarawak Shell, thailand,..servicing all malaysia commercial aircraft,, ...really major player in OnG. .. this QR should be much better ..fruits from some of the contract sign early this year.
22/11/2019 12:17 PM
calvintaneng DESTINI & T7 GLOBAL WINNING SUBSEA JOBS WILL BE ANOTHER PENERGY FOR TOPSIDE, Calvin Tan Research

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/239065.jsp
23/11/2019 11:20 AM
lavenderong Any reason why the price dropped so much today?
25/11/2019 4:29 PM
Simple Man wooh drop 10%.. Would it a trap from Calvin?
25/11/2019 5:13 PM
beginner58 Drop 10% is an opportunity to buy. With it's new job I am confident Destini will move ahead.
26/11/2019 6:47 AM
Lucklystar I bought few months ago at 0.3++ trap by someone. Now drop until no eye see.
26/11/2019 2:19 PM
Ron90 coming QR, we might be able to see revenue from 4 contracts that Destini signed in the early 2019, for tubular running service jobs in Thailand, Petrofac, Shell and Petronas. Revenue from aircraft maintenance for Malindo and Thai Lion, which started in April, should also appear.
26/11/2019 11:54 PM
dasm1284 yup, agreed. fruits of labour coming soon
27/11/2019 8:18 AM
Ron90 As at Mar 2019, DESTINI’s secured order book stood at RM1.34bn, which may sustain the Group for the next three years = $ 400m/year = $ 100/qr. this one not include 3 new tubular handling project won in april and June from Petrofac, PAC and Carigali, and of coz the biggest one sure from Peronas on September.

..donno la why this counter keep on dropping, but opportunity to top up.
29/11/2019 3:53 PM
dasm1284 The Group registered a revenue of RM90.93 million for the current quarter under review or more
than 100% increase compared to RM45.07million in the preceding quarter. The Group registered
Profit after tax and non-controlling interests of RM0.69 million for the current quarter under
review as compared to profit after tax and non-controlling interests at RM0.49 million in the
preceding quarter.

Profit in current quarter increased due to higher contribution from
manufacturing services and MRO services.
30/11/2019 5:42 PM
dasm1284 worst could be over for Destini? see their Q3 result above
30/11/2019 5:42 PM
calvintaneng Since destini so oversold it's upside will be great also
01/12/2019 11:58 PM
Gem Seeker Awarded 50.18m of project by ministry of defense
03/12/2019 7:42 PM
nickleeson Got contract extension from GOM already
03/12/2019 11:01 PM
dasm1284 owner Rozabil is accumulating again at 0.215
04/12/2019 9:03 AM
Ron90 50 million in 1 year..nice !!..easilly additional 2-3 million profit for next year bussines.
04/12/2019 9:07 AM
calvintaneng Scomies good

Netx canteeeeek!!!
04/12/2019 9:27 AM
calvintaneng Oh should be

Destini good

Netx canteeeeek!!!
04/12/2019 9:28 AM
Ron90 more to come under new development program for our arm forces..like it or not, only this company is entrusted to take security related jobs for government arm forces.

with revival of its aerospace job + lots of OnG jobs secured this year.... this company will soon become fantastic.
04/12/2019 10:06 AM
calvintaneng Destini destined to do well

And NETX into block chain CANTEEEK!!!
04/12/2019 10:34 AM
CT888 Bought 220.
Is undervalued now!
04/12/2019 11:16 AM
Twowah123 hello can anyone tell me, is the QR is good. see that revenue year to date is decreasing, but profit is increase. Is it good gais....
05/12/2019 3:01 PM
CT888 YES!! GO GO DESTINI GO !!

1st target 28 cts !!
06/12/2019 9:11 AM
kasrim my tp 0.40 very easy
06/12/2019 9:46 AM
06/12/2019 1:58 PM