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2020-03-18 16:16 | Report Abuse
KLCI will up tml ...oledi anticipated Dow futures drop
2020-03-18 16:10 | Report Abuse
Insiders bought in on 13March above rm1
2020-03-18 16:08 | Report Abuse
If Oil price recover or Covid 19 is over ...think can get below rm1
2020-03-18 16:07 | Report Abuse
Q at 0.820 think cant get.....
2020-03-18 15:54 | Report Abuse
Penny dun think so......solid QR and YOY increased profits...big customer base with Petronas ,Shell
2020-03-18 15:52 | Report Abuse
Those cash rich tycoons happily collecting at 0.825 .....
2020-03-18 15:51 | Report Abuse
My broker said today many Dayang margin call ...have to throw all at 0.825 before 4pm ..
2020-03-18 11:54 | Report Abuse
yesterday when Dayang uptrend almost all lowballers went into hiding...today drop a few bids all come out shouting nonsense ...yes you know who u are !
2020-03-18 09:14 | Report Abuse
OIL RIG ON STOP ORDER WORK ....TIME FOR MAINTENANCE !!!
2020-03-18 09:12 | Report Abuse
my broker also bought at > rm1 !!!
2020-03-18 09:12 | Report Abuse
DAYANG ... NTA (RM). : 1.360....at this low price its a no brainer...buy and hold
2020-03-18 09:10 | Report Abuse
agree ...let those lowballers still waiting to come in buy high .....kikiki
2020-03-18 08:57 | Report Abuse
Many investors are worried that the current oil price slump will badly affect Dayang’s business and reduce Dayang’s profit. No! it will not! In fact, the oil price slump is good for Dayang’s business. Unlike Hibiscus, Dayang is not involved in the oil extraction.
It is ONLY AN oil rig maintenance contractor.!!!
2020-03-18 08:51 | Report Abuse
Dayang: The worst is over - Koon Yew Yin
Author: Koon Yew Yin | Publish date: Wed, 18 Mar 2020, 8:33 AM
Due to force selling and panic selling the price plunged from Rm 2.95 to close at 88 sen within 4 weeks. On 20th February the price was Rm 2.95 as shown on the price chart. Unless your average purchase price is less than 88 sen, you would have lost money. That is why I am writing this useful article to help you make back some money.
The above chart shows the price movement for the whole day. Yesterday’s closing price was 88sen. It has not dropped below 88 sen again for the whole day. It indicates the worst is over. There might be still some force selling and panic selling but there were more buyers than sellers. As a result, the price has been going up and eventually gained 4.5 sen closed at 92.5 sen. At one stage it went up 11 sen.
Since it did not drop below 88 sen, it indicates that the worst is over.
The price chart below shows that on 20 February it was Rm 2.95, about 4 weeks ago. You must remember the Coronavirus which started about 4 months ago in Wuhan, did not depress Dayang’s share price. In fact, while thousands of Chinese were dying, Dayang continued to shoot up to peak at Rm 2.95 about 4 weeks ago.
What caused the price plunge?
It was our own political upheaval which started about a month or so ago caused the panic selling. As a result, the price dropped so rapidly which caused margin call. The more they sold the more the price dropped which created more force selling. Force selling is a vicious cycle.
How does the oil price slump affect Dayang?
Many investors are worried that the current oil price slump will badly affect Dayang’s business and reduce Dayang’s profit. No! it will not! In fact, the oil price slump is good for Dayang’s business. Unlike Hibiscus, Dayang is not involved in the oil extraction. It is only oil rig maintenance contractor.
In fact, when the oil price slumps, Petronas will have to pump more oil to support Malaysia’s economy and award more oil rig maintenance contracts to Dayang which is largest and most efficient contractor in the field. In this region where Petronas has about 100 Offshore oil rigs, it looks like Dayang has the monopoly in this business.
Dayang has very good profit growth.
2018 revenue Rm 937 million and EPS 17.2 sen
2019 revenue Rm 1,046 million and EPS 24.3 sen
The current price 92.5 sen divided by 24.3 = 3.8 P/E ratio.
Can you find another share with similar good profit growth prospect as Dayang, selling at P/E below 4?
Generally, most investors have cashed out from the stock market due to the Coronavirus pandemic which is affecting the economy of every country in the world. However, smart investors should take advantage of this rare buying opportunity to make money. It is safe to buy Dayang because it will not drop below 88 sen again.
2020-03-18 08:49 | Report Abuse
DAYANG ... NTA (RM). : 1.360....at this low price its a no brainer...buy and hold
2020-03-17 23:25 | Report Abuse
EXXONMOBIL (XOM) STOCK NYSE
36.95 USD 2.46 (7.13%) 11:24:06 AM EDT BTT.
2020-03-17 22:02 | Report Abuse
lowballers is everywhere ........what a cheapskate think these cheapskate better go buy sapura energy ...cheap 2 ...
2020-03-17 21:52 | Report Abuse
Even the oil price drops drastically, Petronas will continue to pump because the company has already paid the cost of the oil rigs and Dayang will be awarded more oil rig maintenance contracts. Dayang is the most efficient maintenance contractor. Currently Dayang has more than Rm 2 billion worth of contracts by which Dayang will gain more profit in the next few years.
2020-03-17 21:40 | Report Abuse
Many egoistic investors are boasting that they sold their Dayang shares earlier and now they do not have margin call. The last traded price was Rm 2.33. I know a few people sold below Rm 2.00 and they cannot be laughing that they do not have margin call.
I believe the market will rebound rapidly as soon as a new Prime Minister is selected to control the government. When that happen, those sellers will regret.
Those who have buying facilities should take advantage of the opportunity to buy at cheaper prices.
He who laughs last, laughs best is a saying that means the final winner will have more glory than someone who was winning in the beginning but ultimately lost.
KYY sharing
2020-03-17 20:11 | Report Abuse
Based on the reestablishment of our democratic system of government soon and Coronavirus recovery as I describe above, Dayang and most of the good listed stocks will rebound soon.
Even the oil price drops drastically, Petronas will continue to pump because the company has already paid the cost of the oil rigs and Dayang will be awarded more oil rig maintenance contracts. Dayang is the most efficient maintenance contractor. Currently Dayang has more than Rm 2 billion worth of contracts by which Dayang will gain more profit in the next few years.
I have been searching for another stock with similar profit growth prospect as Dayang in vain. I cannot find one for me to spread my investment risk.
KYY sharings
2020-03-17 19:32 | Report Abuse
https://youtu.be/Kc5zCtNJfhU
Oil price down or up ...Dayang works still goes on ....when the going gets tough , the tough gets going
2020-03-17 14:24 | Report Abuse
29.931.21 (+4.23%) oil live
2020-03-17 14:20 | Report Abuse
My advice to investors:
I have been searching for another stock with similar profit growth prospect as Dayang in vain. I cannot find one. As long as there is oil in the ground, Petronas will continue to pump and Dayang will be able to secure more and more oil rig maintenance contracts because its closest rivals, Carimin and Uzma are relatively small and inefficient. It looks like Dayang is holding the monopoly in this type of business.
Investors must realise that Dayang must be really good otherwise its share price cannot continue to make new high. It made a new high at Rm 3.01 yesterday. There are so many ignorant investors who sold their holdings earlier and they must be regretting for their mistake. I am sure they cannot find another stock with similar profit growth prospect which is the most powerful catalyst to move share price.
2020-03-17 14:19 | Report Abuse
KYY will buyback what he had sold yesterday to support his value investment theory in Dayang
2020-03-17 12:28 | Report Abuse
Subject
17-Mar-2020 Blog Dayang plunging to ridiculous level - Koon Yew Yin
17-Mar-2020 Forum 154 New Comments
13-Mar-2020 Insider DATIN WONG SIEW HONG (a substantial shareholder) acquired 1,000,000 shares on 11-Mar-2020.
13-Mar-2020 Insider DATIN WONG SIEW HONG (a substantial shareholder) acquired 200,000 shares on 11-Mar-2020.
13-Mar-2020 Insider DATUK LING SUK KIONG (a substantial shareholder) acquired 1,000,000 shares on 11-Mar-2020.
13-Mar-2020 Insider DATUK LING SUK KIONG (a substantial shareholder) acquired 200,000 shares on 11-Mar-2020.
13-Mar-2020 Insider MR JOE LING SIEW LOUNG @ LIN SHOU LONG (a substantial shareholder) acquired 1,000,000 shares on 11-Mar-2020.
13-Mar-2020 Insider MR JOE LING SIEW LOUNG @ LIN SHOU LONG (a substantial shareholder) acquired 200,000 shares on 11-Mar-2020.
13-Mar-2020 Insider DATUK LING SUK KIONG (a company director) acquired 1,000,000 shares at 1.440 on 11-Mar-2020.
13-Mar-2020 Insider DATUK LING SUK KIONG (a company director) acquired 200,000 shares at 1.410 on 11-Mar-2020.
13-Mar-2020 Insider JOE LING SIEW LOUNG @ LIN SHOU LONG (a company director) acquired 1,000,000 shares at 1.440 on 11-Mar-2020.
13-Mar-2020 Insider JOE LING SIEW LOUNG @ LIN SHOU LONG (a company director) acquired
INSIDERS BOUGHT ABOVE RM1 .....your guess is as good as mine. KYY also bought above rm1
2020-03-17 12:24 | Report Abuse
what victim bro...yg hang tak beli itu baru bodo victim ...org make profits from 0.8x , hang make apa air kosong...nanti shoot over rm1 baru sesal
2020-03-17 12:21 | Report Abuse
I have been watching Dayang plunging down like a hawk and I told all my close friends and relatives to sell all their holdings and hold cash.
It was at its peak Rm 2.95 on 21 March, about 4 weeks ago and it started plunging to close at 88 sen yesterday. It is most likely force selling will continue today. In fact, Coronavirus did not affect the share price because the pandemic started in December last year in Wuhan, China.
Our own political upheaval started about 1 month ago caused the panic selling. As a result, the price dropped so rapidly which caused margin call. The more they sold the more the price dropped which created more force selling. Force selling is a vicious cycle.
Yesterday it dropped 28 sen or 24.4 % to close at 88 sen. It looks like it will continue to drop today due to force selling. It has dropped to a ridiculous level thus creating a good buying opportunity.
2018 revenue Rm 937 million and EPS 17.2 sen
2019 revenue Rm 1,046 million and EPS 24.3 sen
88 sen divided by 24.3 = 3.6 P/E ratio
Last night Dow Jones crashed 2,997 points due to the spreading of the Coronavirus. The US investors are afraid that this pandemic will continue to spread for a long time.
Many countries already have Coronavirus. A few countries are shutting down their cities and a few are shutting down their schools.
Couple with the slump in oil price, all the major stock markets in the world are being depressed by Coronavirus.
As I am writing this piece, Dayang is dropping and within 30 minutes of trading it has dropped another 5 sen or 5.7% with more than 6 million shares traded.
Wah! Suddenly, it started to rebound. Currently many people are rushing to buy food and other necessary things due to the spread of Coronavirus in Malaysia. This bad news will continue to depress our local stock market further. No one know when it will stop dropping.
Investors who have buying power should carefully watch for Dayang to rebound and start buying Dayang. The best time to buy is at the pivoting point when it starts to change its down trend to up trend.
My advice: Remember after a storm, there is a rainbow. Every day you have 2 choices. You can choose to be happy or sad
2020-03-17 12:18 | Report Abuse
Dayang from 2.9x to below 1 oversold!!!
2020-03-17 12:17 | Report Abuse
KYY buying up ...wanna join in ? Oil live UP 4% so far crossing usd30 soon
2020-03-16 14:19 | Report Abuse
opening 0.755 its up from 0.745 ...do you see what i mean ? covering shorts
2020-03-16 14:17 | Report Abuse
last friday morning down but later afternoon closing up !!! Is this a repeat reversal ?
2020-03-15 23:34 | Report Abuse
Coronavirus live updates: Americans should prepare to 'hunker down,' no school for millions, chaos at airports
John Bacon
USA TODAY
2020-03-15 23:33 | Report Abuse
Coronavirus live updates: Americans should prepare to 'hunker down,' no school for millions, chaos at airports
John Bacon
USA TODAY
2020-03-15 23:33 | Report Abuse
Coronavirus live updates: Americans should prepare to 'hunker down,' no school for millions, chaos at airports
John Bacon
USA TODAY
2020-03-15 20:32 | Report Abuse
margin call selling down ...just wait n see...
2020-03-15 17:43 | Report Abuse
Coronavirus: Immediate 'lockdown' if any offshore workers positive
2020-03-15 17:42 | Report Abuse
UK Imposes Travel Restrictions to North Sea Oil and Gas Installations
2020-03-15 13:14 | Report Abuse
https://www.vietnam-briefing.com/news/vietnam-business-operations-and-the-coronavirus-updates.html/
OMG Vietnam cannot handle the virus ......
2020-03-15 12:45 | Report Abuse
https://www.thejakartapost.com/news/2020/03/14/covid-19-who-urges-jokowi-to-declare-national-emergency.html
Msia shutdown could be next due to the virus infection getting from worst to shutdown imposed by WHO on Indonesia .
Tml market will be RED for many weeks to come...any promoters care to comments ? many would hv sold everything and dissapeared ...
2020-03-14 08:57 | Report Abuse
hahaha you sure economy has improved...pls join in the trap next week ! Just dun regret later chasing false alarm can oledi .
2020-03-14 08:57 | Report Abuse
hahaha you sure economy has improved...pls join in the trap next week ! Just dun regret later chasing false alarm can oledi .
2020-03-13 17:54 | Report Abuse
give you a drumstick today take back 1 whole chicken next week ...thats how megalodon works
2020-03-13 16:22 | Report Abuse
Singapore
COVID-19: Singapore widens travel restrictions to Italy, France, Spain, Germany
More travel restriction coming weeks from mostly affected country soon. Oil will crash again !!!
2020-03-13 16:14 | Report Abuse
give you a drumstick today take back 1 whole chicken next week ...thats how megalodon works
2020-03-13 15:12 | Report Abuse
hendrycheah give you a drumstick today take back 1 whole chicken next week ...thats how megalodon works
2020-03-13 14:56 | Report Abuse
lolz its jz to trap u today ......cov19 stills beyond control
2020-03-13 12:10 | Report Abuse
fzank using my future wife's money ... bought more 0.705 ...tonight sleep on sofa yo!
Stock: [OWG]: ONLY WORLD GROUP HOLDINGS BERHAD
2020-03-18 17:17 | Report Abuse
ki ho lang kan liao