https://www.washingtonpost.com/world/2020/03/26/coronavirus-latest-news/

Koon Yew Yin 26 March 2020 

The 5 months price chart shows that the price was Rm 2.95 on 20 Feb 2020 and just within 5 weeks, it plunged to 72sen on 20 March 2020. 

In the last few days, the price has gone up from a low of 72 sen to close at Rm 1.04, a rise of 32 sen or 44 %. This is a very good sign. It indicates the worst is over. 

No share can drop continuously for whatever reason. After sometime it will change its trend. It looks like the pivoting point was 72 sen and most likely it will continue to go higher and higher to recover some of the losses. 

What is the real cause?



The real cause for the plunge is not due to the Coronavirus pandemic which started in Wuhan about 4 months ago. While thousands of Chinese were dying in Wuhan, Dayang was going up higher and higher to peak at Rm 2.95. 

The real cause was our own Malaysian political upheaval. Dr Mahathir Mohamad’s resignation as Malaysia’s Prime Minister on 24 February 24 2020 led to the collapse of the elected Pakatan Harapan Government. The legitimate Government was unceremoniously removed. Then he formed a new group of Members of Parliament to form a new Government. Then Muhyiddin was sworn in on 1 March as PM with the support of MPs from the previous   corrupted Barisan National Government.  

All these political twists and turns of political   uncertainties caused the stock market to plunge. Almost all the listed shares were badly affected. 

Force selling

In the case of Dayang, the rapid price drop caused force selling to meet margin calls. The more the price dropped the more would be force selling-thus creating a vicious cycle. 

The oil price slump will not 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 the 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 Rm 1.04 divided by 24.3 = 4.2 P/E ratio. 

Can you find another share with similar good profit growth prospect as Dayang, selling at P/E 4.2 ???

pentamaster & dufu already up so much.waiting for this counter to pecah bumbung !

@bojed..:):) D

huat ahhhhhhh. !

@mabel :):):)

bro moneypedia smiling also :):)

just bought in again this morning at 1.86.consider to hold as this stock on uptrend

huat ahhhhhhh. !

https://www.thestar.com.my/business/business-news/2020/03/27/margin-financing-provisions-tweaked

although i cannot see faces here , but can imagine many of my friends here smilimg especially mabel. bojed.pang72.paktua.:):)

https://www.thestar.com.my/business/business-news/2020/03/27/margin-financing-provisions-tweaked

https://www.thestar.com.my/business/business-news/2020/03/27/margin-financing-provisions-tweaked

maybe uncle kyy secretly collecting :)

dayang engine warming up

epf keep collecting.good sign !

bros pray tonite dow jones close green

Change in the Interest of Substantial Shareholder (202003253600168)
Company Name INARI AMERTRON BERHAD
Stock Code / Short Name 0166 / INARI
Date & Time Announce 25/03/2020 05:12:08 PM
Subject Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

Content
Substantial Shareholder's Particulars
Name : EMPLOYEES PROVIDENT FUND BOARD
Address : Tingkat 19, Bangunan KWSP Jalan Raja Laut 50350 Kuala Lumpur Wilayah Persekutuan Malaysia
NRIC/Passport No/Company No. : EPF ACT 1991
Nationality/Country of Incorporation : Malaysia
Descriptions(Class & nominal value) : Ordinary shares

Name & address of registered holder
You are advised to read the entire contents of the announcement or
attachment.To read the entire contents of the announcement or attachment,please
access the Bursa website at http://www.bursamalaysia.com

Details
Date of Change No of shares Price Transacted(RM) Transaction type
20/03/2020 1,800,000 0.000 Acquired
20/03/2020 251,200 0.000 Acquired
20/03/2020 1,011,500 0.000 Acquired

Description of other type of transaction :
Circumstances by reason of which change has occured

Nature of interest : Direct Interest
Direct (units) : 285,020,150
Direct (%) : 8.799%

Indirect/deemed interest(units) : 0
Indirect/deemed interest(%) : 0.000%

Total no of shares after change : 285,020,150
Date of notice : 23/03/2020

Remarks
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

free website hit counter

@ bojed.steady bro

sold at RM 3.00 ! will come back.again. good luck everyone.

@beinvested.Amen brother

hope investors not to fear dow jones futures drop

bought at 2.87 while ago ! steady bro @ paktua73.

fly Air Asia !

margin call from bank

this morning bought at 1.43.sold 1.60 just now.will be back again.good

huat ahhhhh !

epf sapu !

https://www.theedgemarkets.com/article/airasia-independent-internal-inquiry-clears-bosses-tony-kamarudin-bribery-allegations-0

keep dropping.i cant average my share price.just have to wait for the right moment.

https://www.thestar.com.my/business/business-news/2020/03/18/palm-plantations-exempted-from-virus-closures

https://www.theedgemarkets.com/article/malaysia-exempts-palm-plantations-virus-closures-ensuring-global-supply

https://www.theedgemarkets.com/article/bursa-suspends-pdt-idss-drbhicom-malaysia-marine-guan-chong

done top up 0.08 !

@Dawneagle.totally agree with you bro.no need to rush buy now.let it fall. just wait for 7 cts & below. our market no sign recover.

many vultures flying around waiting for cheap sales :) :)

KUALA LUMPUR - Malaysian Prime Minister Muhyiddin Yassin announced on Monday night (March 16) a lockdown on the country, starting from March 18 until 31, in a bid to stem the rising number of coronavirus cases.

"The government has decided to implement a lockdown, starting March 18, 2020, that is, the day after tomorrow until March 31, 2020, nationwide," he said in an address to the nation telecast live.

"I hope that you will be patient in facing this challenge. Do not panic, do not be anxious, and stay calm. I believe that with these measures by the government, we will be able to combat the spread of this outbreak soon."

He urged everyone to abide by the lockdown, adding that the national security council will meet daily to monitor the situation.

He also said that food and medical supplies including face masks will be sufficient.

The lockdown includes a ban on mass gatherings, including religious, sports, social and cultural events.

All houses of worship and businesses are to close, except supermarkets, markets, mini markets and convenience stores, with Friday prayers suspended for Muslims, in line with a decree by the King earlier on Monday.

All Malaysians will be barred from travelling abroad. For those who are returning from overseas, they must undergo a health inspection and undergo self-quarantine for 14 days.

There will also be a ban on all foreign tourists and visitors.


All schools and universities will be closed.

All government and private premises will be closed except those in essential services, including water, electricity, energy, telecommunications, postal services, transport, oil and gas, broadcasting, finance, banking, healthcare, pharmacies, fire department, prisons, ports, airports, security, defence, cleaning and food supplies.

The lockdown includes a ban on mass gatherings, including religious, sports, social and cultural events.

All houses of worship and businesses are to close, except supermarkets, markets, mini markets and convenience stores, with Friday prayers suspended for Muslims, in line with a decree by the King earlier on Monday.

https://www.cnn.com/2020/03/15/investing/stock-futures-global/index.html

at the moment dow jones down 1909 pts

lock down 18 until 31 march

https://www.straitstimes.com/asia/se-asia/malaysia-to-impose-lockdown-from-wednesday-to-march-31?utm_medium=Social&utm_campaign=STFB&utm_source=Facebook

https://www.straitstimes.com/asia/se-asia/malaysia-to-impose-lockdown-from-wednesday-to-march-31?utm_medium=Social&utm_campaign=STFB&utm_source=Facebook

lock down 18 until 31 mar.

lock down 18 until 31 mar.

https://www.straitstimes.com/asia/se-asia/malaysia-to-impose-lockdown-from-wednesday-to-march-31?utm_medium=Social&utm_campaign=STFB&utm_source=Facebook

https://www.straitstimes.com/asia/se-asia/malaysia-to-impose-lockdown-from-wednesday-to-march-31?utm_medium=Social&utm_campaign=STFB&utm_source=Facebook

margin call.like what happened to dayang.drop from RM 3 until now less than RM 1.

@Mabel.big chances margin call.i didnt figure it out just now

before this General Lee bought Knm shates at much higher price during that time no corona virus. now different.Borsig income will be badly affected as the virus now at Europe getting worst.probably General Lee knew this coming qrs will be bad thats why he sold some of his shares now & buy back later at lower price ? we dont know only can guess