0.95 resistance weaken, charging up up up

Quick...will limit up very soon. Little resistance....Bulls charging strong

TA...broke resistance again. Going up

Gadang is guaranteed to hit at least RM1

Buy, buy, buy....lots of pappadoms!!!

Among the 3, Gadang is the most fundamental and undervalue...just do the math!

first iwcity, then ekovest now...Gadang limit up!!!

Sapura Energy Bhd won five engineering, construction and drilling contracts worth RM1.3 billion. One contract is a submarine rescue contract for the Royal Australian Navy.

The group’s subsidiary Sapura Offshore Sdn Bhd won a subsea pipeline contract in the Gulf of Suez, Egypt, from Pan Marin Petroleum Services Company.

Another subsidiary Sapura Drilling Asia Sdn Bhd secured two contracts for ExxonMobil Exploration and Production Malaysia Inc’s tender assist drilling rig, Sapura T-9. It also saw an extension from Carigali Sdn Bhd for the provision of semi-tender assisted drilling rig, Sapura Berani.

Despite all market down Gkent holds well...good support!

Seems like Sapura Energy outperform Dayang ...lol

Wow....impressive quarter

Good performance on a bad year

Really bad...

Perhaps he wants to salvage some profit and use them to add bullet later.

That looks like Mr.Koon is selling some stocks...lol

3iii, agreed that is why I tend to tie P/E to sector as well. Generally, if oil as a whole is bullish, then chances of that P/E level going up is just as good. And yesterday apparently optimism that oil price is heading to $75 per barrel is still on track

That looks like margin call...lol

a 0.40 eps translate to p/e of just 8 would be RM3.60 right? Let just say conservatively Dayang performs at an average of 7 cents per quarter, that would be about 28 cents @ P/E 10 fall between about RM2.80 price range. Since sector median is now 16.3 and Dayang is 8.2. If next quarter is just 0.10, then P/E of 10 would be have a fair range between RM.90 - 1.24, but since sector median is 16, the value should be about RM2.30 for now.

Good morning Dayang Supporters and Resistance,,, lol

Interesting. Well, I am just stating the chart. So it only means one thing. Some of you are asking people to sell when you are quietly collecting or Mr. KYY is a master BS. Either way we will find out soon.

Actually today's selling did slow down. I observed some volume purchase patterns. Institutional collecting it? But why at this level? If the RM1.37 support is holding, then it could indicate a reversal bearish. Strong bullish optimism for oil sector could be the reason behind the rally.

If it breaks RM1.41, might go back to RM1.50 and head back to RM1.75. Smart investor's may be supporting the price and Mr. Koon could be right. And if it breaks RM1.75, the momentum will go back into overdrive very quickly. Interesting.

Actually, I notice the volume buying decline since 4/3. It has been moving downward. When this happens, smart investor has already pulling out slowly from the market bearing that it has created a net profit of above 200%. The opportunity cost is simple. Either you wait 1 year in "hope" good quarter will propel to an additional 100% or you take your 200% profit now. On FA perspective, I still don't understand how can Dayang will reach RM3 based on RM0.40 EPS projection.

My risk-cost factor is what if Dayang announced lower but still earning, would there be panic selling?

Day Traders may temporarily jack prices up, but then again I wouldn't bet my money on temporary money movement.

Each time Investment Firm post a target, it goes 20% lower. The reason is due to pre breakout investor wants to protect their investment so they push the price further down. If Mr. Moon wants average down, it will be bad for people who are holding at this price.

One of the big guys at Morgan Stanley admitted that the entire market is rigged by the big boys. They will say when you can eat pappadoms and when not to eat. My philosophy is simple. You don't go head on with sharks, rather just swim next to them. (and under)

Telling is different than forcing

MACD crosses bearish now. Many short term traders may see this as an exit point some will short sell. Bottom line, is either you freeze or stop your losses. What would you do?

homosapien

lol...small fry rally vs. big guns with marginal of safety (40-60%). Please don't tell people to buy unless you are not selling.

My mantra told me trading when dead cat bounces is akin to swimming in tidal wave heading towards he lighthouse. Some do make it though. Problem is, they now have to swim back to the shores....lol

dead cat bounces ...lol

Due to uncertainty on trade talks between China and U.S today may fall into red seas again

In stock market, you need to invest in fundamentals but trade as well using TA. It doesn't mean its a bad thing if a particular outbreak occur. Just enjoy the ride, instead of cussing it with the triple A superior FA analysis of why people shouldn't buy. By the time you finished writing your FA, many already made 100% above and left the boat leaving only FOMO traders.

Also, why listen to an advise if it worth only 2 cents? (Just joking). Er...eat more pappadoms.

@Cryptotrader, yes just take your money and invest in Ripple now.

@Let's hope you all are right in your own ways because for the winners you are doing the right step and for the losers, you learned from your mistakes. Either way, it makes us a better Investor or Trader.

Actually, you are wrong Calvin. Kenanga has never downgrade Dayang. They set target price at 0.92 (dated 25/2/2019) and because of "future earning and contracts", they actually upgraded to RM1. 20 based on future growth. Nothing says about Kenanga downgrading the share price.

@BillyK, dead cat bounces is a share technical jargon

Beware of dead cat bounces.

You want to go head on with big guns? Go ahead and all the best. Seriously, I do hope you all will make money and you might but as for me, I don't take risk based on uncertainty. Unless I see a price I can understand, I will monitor other company.

May fortune smile on your pappadoms.

Whether Kenanga rig the target price no matter, right? Because either way, small traders will get burn. Remember this money has no emotions. It doesn't cry for you.

I read about about Mr. Koon's comment on RM3 target price. While it "may" be true that Dayang perhaps can reach the desired target price of RM3. The question is what did it based the RM3 on? Did it base them on "expected future" performance? Since price of oil is cyclical and based on end-to-end demand. OPEC may suddenly shift gear too. Also, what Kenanga implied may not be far fetch. They are trying to say that while Dayang has an impression results based on Q-o-Q but their maintenance contract are based on call to call basis. And note that they will need to beat previous quarter to get profit growth higher.

As the level of risk is higher, yet optimistic outlook for oil. I have moved my pappadoms to Velesto now since it's cheap based on their USP maintenance. I believe based on cost-risk - better in Velesto but I need to thank Dayang for the provision of Pappadoms.

what you are seeing now is institutional selling...or smart investors. They are pulling off the shelves based already higher profit taking. Leaving the shrimps to you. Once the hyperspeed spurt ended, it will dropped rapidly leaving the rest of the small traders stuck for a long time.

This reminds me a group of people running up to the top building with signs "Welcome Visitor" when the spaceship landed because they thought the Aliens will beam them up. Independence Day was the movie I think. Only except when the Aliens came but instead of beaming them up, blast them out of the sky. Then...it was quiet.

gkent is in harvesting period with little catayst for growth. But the good news is that their returns is above 8% which is far better than any bank. While in terms of growth may not be as strong for now but because it is undervalue, this is one stock you can buy and keep for at least a year. In short, if you don't buy the pappadoms, someone else will.

My opinion is Gkent is of the a good company which was fortunately prices drove down due to political nonsense. They are cash rich and therefore has means to increase their capex in areas like engineering sector to bring the company to greater growth.

Last chance for you to grab your pappadoms

Even at RM1.40, still below fair value. Once Dayang results out, NAIM share price will jump above RM3. So can start to collect more. Also, my sifu told me based on volume may limit up again

crude oil got more pappadom. Super bullish. Will break RM1.40 later

Hooray, world oil up!!!

Oh my pappadom, NAIM is gonna limit up!!!

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