Last week end I post my article “Dayang Will Fly on Monday”. It flew from 80 sen to Rm 1.02 with 150 million shares traded.
In the last 3 days KWAP was selling aggressively which delayed Dayang from flying further up as you can see from the chart below. When shareholders see KWAP selling, they would also follow to sell and potential buyers would delay in buying hoping to buy it cheaper.
On 21st Feb, the company announced that KWAP sold 20.04 million shares.
On 22 nd Feb, the company announced that KWAP sold 29.2 million shares and remaining 51.2 million shares or 5.31%.
On Monday 25 th Feb, the company announced that KWAP sold 20 million shares
On Tuesday 26 th Feb, the company announced that KWAP ceased to be a substantial shareholder which means that KWAP has less than 5% of the total issued shares.
On Wednesday 27 th Feb, KWAP would continue selling Dayang shares.
On 28 th Feb (today), it is most likely KWAP will complete its selling. After KWAP completed its selling, Dayang will continue to fly faster and faster.
KWAP does not know my share selection golden rule. Dayang has reported increasing profit in the last few quarters especially 10.13 sen EPS for the latest quarter.
I think this is a great buying opportunity
Chart | Stock Name | Last | Change | Volume |
---|
2024-11-22
DAYANG2024-11-22
DAYANG2024-11-22
DAYANG2024-11-22
DAYANG2024-11-22
DAYANG2024-11-22
DAYANG2024-11-21
DAYANG2024-11-18
DAYANG2024-11-18
DAYANG2024-11-18
DAYANG2024-11-14
DAYANG2024-11-14
DAYANG2024-11-14
DAYANG2024-11-14
DAYANG2024-11-14
DAYANG2024-11-14
DAYANG2024-11-14
DAYANG2024-11-14
DAYANGCreated by Koon Yew Yin | Nov 22, 2024
All plantation companies are reporting better profit for the quarter ending September when CPO price was about RM 3,800 per ton.
Created by Koon Yew Yin | Nov 21, 2024
Indonesia is the biggest palm oil producer in the world. Indonesia plans to implement biodiesel with a mandatory 40% blend of palm oil-based fuel from Jan. 1 next year, a senior energy ministry offici
Created by Koon Yew Yin | Nov 20, 2024
Indonesia plans to implement biodiesel with a mandatory 40% blend of palm oil-based fuel from Jan. 1 next year, a senior energy ministry official said recently, lifting prices of the vegetable oil...
Created by Koon Yew Yin | Oct 30, 2024
Latest poll on 30th Oct 2024
Created by Koon Yew Yin | Oct 30, 2024
Latest poll on 30th Oct 2024
Created by Koon Yew Yin | Oct 25, 2024
The group is expected to deliver better profits and revenue from its pipe coating, engineering, and bioenergy segments.
Created by Koon Yew Yin | Oct 14, 2024
Today I read the article by Murray Hunter titled “A Visit to the Malaysian Communist Party tunnels in Betong, Thailand”, which is an important part of Malaysia’s history.
Created by Koon Yew Yin | Oct 04, 2024
KSL is still the cheapest based on a 4.4 PE ratio, which means its share price should continue to go up. Unfortunately, there are a few small investors who always queue to sell at cheaper prices...
Created by Koon Yew Yin | Oct 04, 2024
KSL is still the cheapest based on a 4.4 PE ratio, which means its share price should continue to go up. Unfortunately, there are a few small investors who always queue to sell at cheaper prices...
Created by Koon Yew Yin | Sep 06, 2024
Water pollution is a huge challenge for freshwater in the UK, impacting our rivers, streams, and lakes and the wildlife that call them home.