DESTINI BERHAD 7212

Share Issued : 1.155b

Syariah : Yes

PE : 20.62

NTA : 0.4368

PREPARED BY STEVENT HEE

GOOD POINTS :

1. CIMB IB Research start coverage on Destini, Target Price 74 sen. Source obtain from http://www.theedgemarkets.com/article/cimb-ib-research-starts-coverage-destini-target-price-74-sen
2. Destini had delivered three units patrol crafs for MMEA in 2015 for the contract sum of RM381.3million. There is 3 more units to be handed over to MMEA by Jun 2018. Believe this will contribute significant earnings for the financial year 2018.  Source obtain from http://www.theedgemarkets.com/article/destini-sees-more-exciting-year-ahead-contract-contributions
3. Active acquire by Rozabil @ Rozamujib Bin Abdul Rahman since 29 Sept which increase his stake holding from 24.13% to 25.4%

Technical Outlook:

Time Frame : 1 week : 1 month

Support : 0.585 ; 0.63

Resistance : 0.68; 0.74 ; 0.84

Disclaimer : Trade at your own risk. Kindly consult your dealer/remisier for any investment decision. Above is merely for educational sharing purpose.