Bargain sale!

I think the stock price will recover in the afternoon.
0.75(TP one month ago) *0.8 (20 decrease of profit) = 0.6
TP should be over 0.6.

TP : 0.75
0.75*7 = 0.525 -- 30% disoount from the TP.

If the price is under 0.525, i would say it's very safe to buy the stock even if the qr in the upcoming announcement is not good.

Nobody sees only fractions like the previois profit with inflated one time earning and the profit in the upcoming qr.everybody sees a big picture. No worries.

https://klse.i3investor.com/blogs/hleresearch/130402.jsp

Oil price price surged on Friday! Oil stocks should get very bullish on Monday!

Nasdaq was down - 0.09%

0.51 on Monday?

thinkfirst, risk-off sentiment receded yesterday.

Gold price has plunged from 1300 to 1284.65.(more than 1%)
https://goldprice.org/

VIX has plunged.
https://www.bloomberg.com/quote/VIX:IND

Trump removed chief strategist Steve Bannon: New York Times

BRENT CRUDE oil price was up 3.31%
https://www.bloomberg.com/quote/CO1:COM

BRENT CRUDE oil price was up 3.31%!
https://www.bloomberg.com/quote/CO1:COM

Oil Prices Climb As Oil Rig Count Drops
http://oilprice.com/Energy/Energy-General/Oil-Prices-Climb-As-Oil-Rig-Count-Drops.html

Oil Rig Count Slips by 5, Total Now Up 455 Year Over Year
http://247wallst.com/energy-economy/2017/08/18/oil-rig-count-slips-by-5-total-now-up-455-year-over-year/

Trump is removing chief strategist Steve Bannon: New York Times

BREAKING: Trump is removing chief strategist Steve Bannon: New York Times

Risk on!!!!

VIX -9.52%
https://www.bloomberg.com/quote/VIX:IND


Gold price has been plunging
https://goldprice.org/

Oil price is up up!!!
https://www.bloomberg.com/quote/CL1:COM
WTI (+2.80%)

Risk on!!!!!

VIX -9.52%
https://www.bloomberg.com/quote/VIX:IND


Gold price has been plunging
https://goldprice.org/

Oil price is up up!!!
https://www.bloomberg.com/quote/CL1:COM
WTI (+2.80%)
19/08/2017 00:44

Oil price is up up!

Oil prices turn higher, tap fresh session highs

Oil turned decidedly higher in Friday trading to touch fresh session highs, with prices looking to recoup some of the week’s losses ahead of the expiration on Tuesday of the September futures contracts for West Texas Intermediate oil. September WTI crude rose 54 cents, or 1.2%, to trade at $47.63 a barrel on the New York Mercantile Exchange after trading as low as $46.78. October Brent crude traded at $52.18 a barrel, up $1.15, or 2.3%. WTI was still trading lower for the week, set to lose 2.1%, but Brent turned up about 0.1% for the week.
http://forextv.com/market-news/oil-prices-turn-higher-tap-fresh-session-highs/

https://www.bloomberg.com/quote/CL1:COM

Regarding net profit, from the first QR1 in 2016 onwards, up and down appear alternatively.

up means profit is larger than the previous one.

4680 ->(up)89776->(down)6760->(up)31010->(down)15003->(up?) (All figures in '000 unless specified.)

I expect the profit in the next QR announement will be more than 15,003.

insider info?

Which is better to buy Anzo or Kgroup? Anzo may be better.

a lot of oil and gas stocks have rebounded today.

KLCI has been rebounding.

The oil price has been recovering.
Buy Dnex.

traderman,

No soure, no trust.

The gold price is not very high. Not huge panic

thinkfirst, we had similar situations repeatedly. The market rebounded every time!

Only fools would sell the stock on this price level.

Dagang NeXchange - Expansion into Downstream Services
Date: 07/07/2017

Stock : DNEX Source : TA
Price Target : 0.76
Last Price : 0.48

Close
The News
Dagang NeXchange Bhd (DNeX) announced that its subsidiary, OGPC, was awarded a contract for the design, engineering, procurement, construction, installation, commissioning and maintenance of up to 100 portable container systems (PCS) for Petro Teguh. The contract has estimated value of RM50mn RM75mn over 2 years, depending on the type of portable container systems constructed. Additionally, the Group will provide maintenance and supply of parts for a period of 10 years from the commissioning date. The contract value for this portion has yet to be revealed. Petro Teguh’s core business is the construction of mini pump stations for Petronas Dagangan Bhd.

Our View
The contract is in-line with management’s intention of expanding OGPC’s services into the downstream segment, and is positive for the Group as it enables expansion of its earnings base.
We note that this is a new product for OGPC. Hence, project execution is a key risk. That being said, the construction is still within the realm of its core business. We understand that the PCS will be used for the supply of petrol at fish landing jetties throughout Malaysia.
The first 100 PCS will likely be a proof of concept. Hence, we do not discount the possibility of additional orders after the contract period ends.
Details for the maintenance portion of the contract besides the tenure have not been revealed at this juncture. Hence, there may be further upside for earnings in the near future.
Impact
We make the following changes to our earnings forecast:

Increase OGPC’s revenue in FY17/18/19 by RM10mn/RM35mn/RM15mn assuming total contract value of RM60mn over the next 2 years.
Assume maintenance fee of RM15mn to be recognised in FY19. Thus, our earnings are increased by 2.0%/4.6%/3.7% for FY17/18/19.
Valuation
As a result of the increase in earnings, our TP is raised to RM0.76 (previous: RM0.73) based on SOP valuations. Maintain BUY on DNeX as in our opinion, it expanded into the O&G sector at the right time. Furthermore, high margin, recurring income from its government-linked contracts should cushion any earnings downside risk.
Source: TA Research - 7 Jul 2017

Share this

https://klse.i3investor.com/m/blog/taresearch/127346.jsp

You don't have to run as you don't have the stock. Haha

https://klse.i3investor.com/m/priceTarget/41377.jsp

Target price 0.76

Buy!!

The stock price is likely to consolidate before the release of the next QR.

0.2 or above is possible after the release of the next good QR.
0.18 is possible with a bad QR.

Just check historical prices.

https://mobile.reuters.com/article/amp/idUSKCN1AU2GH

There will be no war. The North Korean leader wants to avoid a first strike. Trump also does not want to do a first strike as it may lead to the WW3 involving China and Russia.

Bursa Malaysia joins key Asian market’s rally early Tuesday | http://www.klsescreener.com/v2/news/view/268255

today's Oil stocks.

Petronm +2.17%
Hengyuan +1.20%

http://oilprice.com/Energy/Oil-Prices/Supply-Risks-Could-Push-Oil-Prices-Higher-This-Week.html

https://www.cnbc.com/amp/2017/08/14/oil-prices-steady-after-overnight-tumble.html

https://mobile.reuters.com/article/amp/idUSKCN1AU2GH

Dnex is a tech stock. Today much consolidation is expected.

Wall Street jumps as North Korea tensions wane | http://www.klsescreener.com/v2/news/view/268119

地缘政治紧张不足为惧 美经济若佳可冲淡利空 http://www.enanyang.my/news/20170815/地缘政治紧张不足为惧br-美经济若佳可冲淡利空/

Anzo
RM 0.095 ---------- 0.655x P/BV

0.095 is likely to be a bottom,which is a multi- year-low.

The stock price should consolidate before the release of the next QR.
https://klse.i3investor.com/blogs/sinchew_company_story/128420.jsp

Good news.....

Dow Jones Surges by 140 Points as North Korea Tensions Settle

http://www.nbcnews.com/business/markets/dow-jones-surges-140-points-north-korea-tensions-settle-n792411

http://www.theedgemarkets.com/article/klci-stages-mild-technical-rebound-line-regional-gains

www.bloomberg.com/news/articles/2017-08-13/libya-s-top-oil-field-output-said-to-fall-on-security-threats

Oil markets steady as strong demand is met by ample supplies | http://www.klsescreener.com/v2/news/view/267711

Nasdsq was up 0.64%.

War Is Hell—but Not for The Stock Market
Investors should expect a sharp rally if and when U.S.-led hostilities begin—if history is a reliable guide.
http://www.barrons.com/articles/war-is-hellbut-not-for-the-stock-market-1492702379

The below article is very good to read..

Wall Street Is Beginning to Take Note of Escalating Tensions With North Korea
http://www.nbcnews.com/business/markets/why-stock-market-taking-trump-kim-war-words-its-stride-n791551

Good

Asia stocks steady as Korea risk aversion settles | http://www.klsescreener.com/v2/news/view/266401

Asia stocks steady as Korea risk aversion settles | http://www.klsescreener.com/v2/news/view/266401

Dufu is a good tech stock with a low P/E. Buy Dufu as well