PUBLIC BANK
Stock : DAYA Price Target : 0.25 | Price Call : HOLD
Last Price : 0.16

We thus maintain our Neutral call with a rerated TP of RM0.25 premised on our FY15F EPS of 2.5sen, pegged to a 10.0x PE. We have adjusted our earnings estimates to account for the higher costs going forward. Daya’s performance despite the re-rating, is supported by SD1 and SD2 tied to LT charters coupled with upside from its growing technical services and polymer divisions to meet our FY15F estimates.

Any reason why Daya being sold down in huge volume ??

Volume increasing lately Trend likely up.

First resistance :0.18

Tdex NTA is low at 6 sen. A risky trade.

Target RM0.63 (Stock Rating: ADD)

What You Should Do

We advise investors to accumulate Perisai shares. In our 30 Dec 2014 sector report, we conservatively removed two idle assets, namely mobile offshore production unit Rubicone and pipelay barge E3, from our forecasts. Should management secure contracts for these assets, the swing in earnings would be substantial.

Source: CIMB Daybreak - 09 January 2015, Full PDF Report

O&G counters on the uptrend as Crude oil futures price rebounding.

PUBLIC BANK : DAYA target price : 0.25

We thus maintain our Neutral call with a rerated TP of RM0.25 premised on our FY15F EPS of 2.5sen, pegged to a 10.0x PE. We have adjusted our earnings estimates to account for the higher costs going forward. Daya’s performance despite the re-rating, is supported by SD1 and SD2 tied to LT charters coupled with upside from its growing technical services and polymer divisions to meet our FY15F estimates.

PUBLIC BANK RESEARCH: DAYA TARGET PRICE : 0.25

We thus maintain our Neutral call with a rerated TP of RM0.25 premised on our FY15F EPS of 2.5sen, pegged to a 10.0x PE. We have adjusted our earnings estimates to account for the higher costs going forward. Daya’s performance despite the re-rating, is supported by SD1 and SD2 tied to LT charters coupled with upside from its growing technical services and polymer divisions to meet our FY15F estimates.

Less than 5% no need to announced to Bursa

GOOD NEWS !

Read below : EPF and others bought substantial shares in REACH.

http://www.thestar.com.my/Business/Business-News/2014/12/15/EPF-and-other-funds-buy-stakes-in-Reach-Energy/?style=biz

Most O&G counters oversold. Next week Scomi will likely rebound 3-4 sen

Based on past trading records, Reach WA should be 14.5 sen when Reach is 59 sen.

latest : good profit 3.089 million .

I observed today the selling is drying up. Share grossly oversold. Profitable. The share should rebound by Friday.

Good announcement QA ??

Grossly oversold. Now Rebounding. Strong Resistance at 0.35

http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=406081:shock-54-plunge-in-stock-price-deutsche-advises-caution-over-vincent-tans-mol-global&Itemid=3#axzz3Jz1OdR6w

INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2014
30/09/2013
30/09/2014
30/09/2013
$$'000
$$'000
$$'000
$$'000
1 Revenue
463,226
384,609
877,351
762,102
2 Profit/(loss) before tax
20,736
19,110
47,800
34,558
3 Profit/(loss) for the period
12,497
11,479
31,025
17,773
4 Profit/(loss) attributable to ordinary equity holders of the parent
5,914
3,309
17,256
4,787
5 Basic earnings/(loss) per share (Subunit)
0.38
0.21
1.11
0.31
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.4000
0.3900

You are right . The trend is up now !

Rebound likely tomorrow. First resistance 0.19. If break, next resistance 0.22.

Finally some concrete steps taken for QA.

Share will rebound tomorrow.

This is the best time for QA as oil price is at the 4 years low and Company can negotiate for a better deal.

LATEST GOOD NEWS : REACH ENERGY appointing advisors for Potential QA:

PRICE OF SHARE SHOULD REBOUND

The Board of Directors of REB wishes to announce that the Company had on 5th November 2014 appointed the following advisors:-

i) BNP Paribas Capital (Malaysia) Sdn Bhd ("BNPP") to act as REB's International Financial Advisor in relation to its potential Qualifying Acquisition ("QA"). BNPP's scope of work includes advisory role and support to REB in respect of due diligence, valuation, structuring and negotiations pertaining to certain QA targets; and

ii) SKRINE Advocates & Solicitors ("SKRINE") to act as REB's Legal Advisor for the provision of legal services in REB's QA transaction. SKRINE's scope of work includes advising on the Malaysian legal and regulatory requirements on the operations and obligations of REB in respect of the QA and to support REB in the QA due diligence exercise.

This announcement is dated 6th November 2014.

LATEST GOOD NEWS : REACH ENERGY appointing advisors for Potential QA:


The Board of Directors of REB wishes to announce that the Company had on 5th November 2014 appointed the following advisors:-

i) BNP Paribas Capital (Malaysia) Sdn Bhd ("BNPP") to act as REB's International Financial Advisor in relation to its potential Qualifying Acquisition ("QA"). BNPP's scope of work includes advisory role and support to REB in respect of due diligence, valuation, structuring and negotiations pertaining to certain QA targets; and

ii) SKRINE Advocates & Solicitors ("SKRINE") to act as REB's Legal Advisor for the provision of legal services in REB's QA transaction. SKRINE's scope of work includes advising on the Malaysian legal and regulatory requirements on the operations and obligations of REB in respect of the QA and to support REB in the QA due diligence exercise.

This announcement is dated 6th November 2014.

Technically stock not good. Price barrier at 0.045 easily broken. Big seller throwing. Will tomorrow 0.04 price be gone ??

Agree with you SDR245.

Financial results out towards end of this month.

Should be very good results as previous 3 Q profitable.

Company turning around. Share price should move in tandem.

Should be up 1 or 2 sen . 0.06-0.07 soon.

Up up and away !!

Agree. Stock moving up. Watch out and BUY the warrant, Tiger-WB 0.05. Cheaper entry price.

The tiger has rested enough. It's waking up now. closed .14. Tomorrow 0.145- 0.15

Agree with you Alpha Trader.

This is VERY good news from Bloomberg! Crude oil price decline will benefit Reach.

Next week Reach will definitely rebound strongly !

Sentiments improving. On Monday, Berjaya will rebound to 51 sen.

Thanks!

sy1226

Thanks but HLIB failed to mentioned what will happened to the WARRANTS holders of Reach if worse case scenario of not acquiring any asset within the time frame.

Will the Warrant holders get any share from the 71 cents cash ? THAT IS THE MOST IMPORTANT QUESTION TO ANSWER.

sy1226

What is the cash value of company now ?

It should be lower by now with all the expenses incurred and losses.

If cash per share is more than price of share, the major shareholders and funds would have bought up this share.

Support at 0.36. World markets bad. Continuous selling. Margin calls. some more downside to go.

Break 0.40. stock very Bad technically.

strong support 0.22

\

Read Star 11-10-2014 :

"One group that will benefit from the drop in oil prices and presumably the price of such assets are the oil-based special-purpose acquisition vehicles (SPACs). These cash companies looking for assets should theoretically be able to negotiate for better assets when trying to fulfil their listing requirements."

I read it to mean that SPAC like Reach Energy Bhd which has yet to invest in any assets, will benefit immensely from this as this cash company looking for assets should theoretically be able to negotiate for better assets when trying to fulfil their listing requirements.

Its share price will improve from next week,

Warrant consolidating for some time. Will rebound next week , Resistance 0.26

Next week BJcorp will rebound sharply

Agree. Strong support at 0.19.

Movement past few days looks good. Stock should pierce thru 0.20 in middle of next week.

Next resistance should be 0.21

A bargain buy. Real low price at 52.5 sen just 2 sen from 52 weeks low. Good entry at this level

Des 2003,

it was announced he bought 40 m shares but the price was not mentioned.

Uptrend. First resistance 0.20

Oversold. Rebound tomorrow likely to 0.38

Many thanks Calvin,

Any idea when MOL will be launched in US ?

Calvin Tan,

You wrote,

" Or else join Calvin and buy a little BJ Corp as something BIG is Going to happen there. "

Would greatly appreciate if you can share what is the something BIG which is going to happen.

Thanks a million !

VERY Strange. Mulpha slowing drifting downwards everyday non stop.

Any particular reason why ??

Read Bursa Announcement : Directors selling by the millions in the past months

Probably going to oil and gas sector again

Don't worry. Bottoming out. At 2 months plus low. Likely turn around next week.