Posted by Livinia > 2014-01-21 15:21 | Report Abuse

For long term investment counter.

Posted by daryltkt > 2014-01-21 15:27 | Report Abuse

Well articulated,candlepower.

Posted by fighter123 > 2014-01-21 15:44 |

Post removed.Why?

Posted by candlepower > 2014-01-21 15:45 | Report Abuse

@darlytkt, i am stilll dolding my daya partly because of Norges sovereign fund accummulation. i am still waiting for loan stock announcement. Sorry that i miss the iris that you recommended. however other counters like PDZ,MKland seems to be doing well to date.Still searching for low priced undervalued counters with great earnings potential.

Posted by daryltkt > 2014-01-21 17:14 | Report Abuse

I am still holding on to Daya as I am very confident of this counter.This counter shld not be so low price.I sold off Iris to take profit and currently buying Silk which I think will go up.

Posted by Joel > 2014-01-21 17:17 | Report Abuse

I am expected in this end of Dec 2014,
DAYA's price may reach at RM0.70-RM0.80
simply bcos the campany has order book RM1,200,000.000 contracts( RM12亿).
They assumed DAYA more contracts will secure soon in this 2014.

Posted by Joel > 2014-01-21 17:18 | Report Abuse

For this smallest OG campany like DAYA,
Order book in hand at RM1,200,000.000.
This is very good achiecment for DAYA.

Posted by daryltkt > 2014-01-21 17:25 | Report Abuse

Joel-I totally agree with you.Daya has very good potential if not Norges will not invest.Its a matter of time Daya will shoot up.Accumulate if can afford.

Posted by Joel > 2014-01-21 20:41 | Report Abuse

Norges wish to get Daya's share around 5%.
Norges will still contonue to accumulate Daya;s share.

Posted by Joel > 2014-01-21 20:41 | Report Abuse

O&G At The Forefront
• Daya is recognised for the quality of its services, which boosts its ability to represent international principals in the downstream segment
• Management remains positive on Indonesia’s population growth, which, in turn, will drive the largely untapped use of LPG
• Offshore O&G business is the main thrust of growth for the group
• It clinched its first international O&G subsea contract from O&G giant Technip

Posted by Joel > 2014-01-21 20:41 | Report Abuse

Onshore activities. The onshore O&G business under Daya Secadyme SB (DSSB) revolves around the transportation, trading and distribution of specialty chemicals and catalysts. This 100%-owned subsidiary was injected into the group via a reverse acquisition in Aug 2007. The MYR24m acquisition was satisfied via: i) the issuance of 83.6m new ordinary shares in Daya at an issue price of MYR0.23 per share, and ii) a cash consideration of MYR4.8m.

Posted by Joel > 2014-01-21 20:42 | Report Abuse

DSSB holds 25 important licences from Petronas,
complemented by an ISO 9001:2008 certification.

Its heavy investment on logistic equipment over the years lent credibility that helped bag the rights to represent 50 different international principals like Arkema Inc, Sud-Chemie Inc, JJ Degussa Chemicals,

Infineum International and The Dow Chemical Co (DOW US, NR).
Petronas and Gas Malaysia (GMB MK, NR) are among its local customers.

Posted by Joel > 2014-01-21 20:42 | Report Abuse

DSSB is also the sole supplier of odorants for gas in Malaysia and has extended its footprint into Surabaya, Indonesia, via a contract with Pertamina.

DSSB’s market presence in Indonesia is still small, but it has the scope to expand beyond Surabaya going forward.

The Indonesian market remains attractive, given its tremendous population growth and the use of liquefied petroleum gas (LPG) LPG, to which DSSD’s odorant is added into, has yet to reach nationwide acceptance and hence provides opportunities for expansion.

Posted by Joel > 2014-01-21 20:43 | Report Abuse

Onshore/offshore activities. Daya Proffscorp SB (DPSB), another unit within the O&G segment, is mainly involved in the provision of mobile cranes and heavy lifting services for both the onshore and offshore O&G industries.

It has a fleet of 25 cranes, ranging from a 20-tonne Tadano to a 400-tonne Liebherr, aged 2-30 years. Offshore activities. Offshore works are undertaken by its Daya Offshore Construction SB (DOC) subsidiary.

It offers specialised subsea construction, installation, engineering, as well as inspection, repair and maintenance (IRM) services locally and abroad. DOC operates a fleet of vessels, coupled with technically advanced equipment, survey systems, remotely operated vehicles (ROVs) and modulated diving systems (MHS).

Posted by Joel > 2014-01-21 20:43 | Report Abuse

The company is currently backed by a team of 40-50 people.

The game changer. In August 2013, Daya announced that its sub-subsidiary, Daya OCI (Labuan) Ltd (DOCIL) entered into a charter party contract with Technip Norge AS (Technip) to provide an OSCV (the SD1) that will undertake a range of offshore services works for Technip in the North Sea and North Atlantic. DOC will execute the charter on behalf of DOCIL.

Posted by Joel > 2014-01-21 20:43 | Report Abuse

The contract is the group’s biggest achievement to date, as it marks its maiden foray into the international offshore subsea services market.

DOCIL trumped six other international bidders who have far superior experience in executing works of such nature, especially in the harsh environment of the North Sea. Apart from providing a team of highly-experienced engineers,

it was the deployment of the state-of-the-art SD1 by a fledgling O&G services company that greatly impressed Technip.

Posted by Joel > 2014-01-21 20:44 | Report Abuse

The arrangement entails a daily charter rate of USD102,000 per day for a period of 100-175 days per year for seven years.

The contract is set to commence in 1Q14.

A shorter-term charter of 40 days commenced in mid-September and 4Q13 will be the first full-quarter contribution from Daya’s charter services.

We gather from management that Technip has agreed to charter the SD1’s “sister” vessel (the SD2), under similar terms but for a shorter period of three years

Posted by Joel > 2014-01-21 20:47 | Report Abuse

Words fr RHB

Joining the fray

We believe that Daya management’s apparent shift in focus to expand its offshore O&G capability has been timely.

Despite the lack of a track record, Daya managed to clinch a North Sea subsea services contract from Technip that was heavily contested by other more established international players.

This provides a solid foundation to back its bid for more Malaysian offshore O&G contracts.

The right ingredients

Daya’s push to break out of its bread-and-butter business can be credited to its highly capable management team, which has a diverse background and expertise.

The presence of management personnel with prior working experience in international O&G companies also provides inroads into abundant overseas contract opportunities.

Ready commitment the winning factor
We view that Daya’s ready commitment to deploy the state-of-the-art SD1 OSCV as the winning factor behind the landing of the Technip contract.

The risk taken by the group to charter the vessel from SIOFF for the purpose of the contract also represents management’s confidence in its offshore services capability.

Posted by Joel > 2014-01-21 20:50 | Report Abuse

Sorry to all Daya;s investors,

DAYA's total OG Order books is RM1,900,000.000

Not RM1,200,000.000.

Posted by Joel > 2014-01-21 21:00 | Report Abuse

Business News

PETALING JAYA: Norges, Norway’s sovereign wealth fund which ranks as one of the world’s largest funds with some US$810bil (RM2.5 trillion), has taken up some 18 million Daya Material Bhd’s shares at 34.5 sen under the latter’s recently concluded 10% private placement, according to sources.

This means that Norges now owns about 1.3% of Daya.

“Norges initially wanted 30 million shares. However, there wasn’t enough to go around. They may buy from the open market instead,” said a source.

The source added that the placement, which comprises 125 million new shares, had been oversubscribed by three times by institutions, which included names like Public Bank Bhd, HwangDBS and Allianz, among many others. Permodalan Nasional Bhd was also one of the takers of the placement shares.

These new placement shares have been listed on the market since Jan 3.

Daya was one of the star performers of Bursa Malaysia last year, with its share price appreciating 116% that year, fuelled by charter contracts from the Norwegian region. The earnings from these contracts are set to be realised this year. It closed Monday at 40.5 sen.

“Securing Norges as a shareholder is a coup for Daya. It is a positive endorsement from an independent party, and reflects that Daya has received international affirmation,” said one fund manager, who had put in his bid for the placement.

Norges, also referred to as the Norwegian oil fund, is managed by Norges Bank Investment Management, the asset management unit of the Norwegian central bank. Norges is mandated to hold 60% in stocks and 35% in bonds, and is aiming to build up a 5% holding in real estate. As at end-September, it held 63.3% in stocks, 35.5% in bonds and 0.9% in real estate.

Daya, which was previously a downstream oil and gas player, has seen its fortunes change since it ventured upstream via the formation of its new subsidiary Daya Offshore Construction Sdn Bhd.

On Aug 16, Daya clinched a seven-year charter contract from Technip Norge AS for the provision of a subsea construction vessel. This project will run for 100 to 175 days per annum commencing in 2014 with an estimated value of RM250mil to RM440mil.

On Sept 3, Daya won again with Technip, when it secured another three-year contract for a period of 100 to 175 days worth RM100mil to RM176mil.

Posted by love2trade > 2014-01-21 21:02 | Report Abuse

iris better or daya?

Posted by love2trade > 2014-01-21 21:05 | Report Abuse

but the PTBV = 2.22, quite high.

Posted by Joel > 2014-01-21 21:05 | Report Abuse

Top 10 stocks to watch in 2014,
One of them is DAYA.

Iris vs Daya

I choosed Daya & I believed the potential growth in 2014.

Posted by love2trade > 2014-01-21 21:07 | Report Abuse

ok tomorrow Q at 0.39

Posted by daryltkt > 2014-01-21 21:36 | Report Abuse

Daya has good fundamental and Iris has good speculation potential.Both will go up,only depends on one's preference.

Posted by bursa1818 > 2014-01-22 09:12 | Report Abuse

Iris = politician company

Posted by papaya > 2014-01-22 09:25 | Report Abuse

don't know why daya too heavy to move up with such good fundamental and profit but knm profit keep on dropping but aesily jump up.....huuhhh

Posted by Joel > 2014-01-22 14:12 | Report Abuse

Daya, still not the time for more and more investors to buy.

The time will come soon, jus we dunno when Daya will like

KNM fly today.

Posted by Joel > 2014-01-22 14:14 | Report Abuse

If the time has come, we will not buy at rm0.40-rm0.495 that cheap price.

Buy first b4 the price fly.

Posted by daryltkt > 2014-01-22 16:31 | Report Abuse

Accumulate and wait.It will definitely fly.

Posted by Panda Yuan > 2014-01-22 17:35 | Report Abuse

lolz last min 1 person sapu 100 lots with 0.405 while the price at 0.395! lai lai !

Posted by Kamaruzaman Mahmood > 2014-01-22 17:38 | Report Abuse

Tengok Market dulu

Posted by newbirds > 2014-01-22 20:28 | Report Abuse

good support 40.5¢ must accumulate more before to late haaha.....up and coming star in o &g counter.

Posted by newbirds > 2014-01-22 20:30 | Report Abuse

something is brewing.....

Posted by smartklseguru > 2014-01-23 08:59 | Report Abuse

Confirm close at 39 or below?

Posted by rubisa57 > 2014-01-23 09:01 | Report Abuse

Guru Tadika...39c. gua beli lagi 1000 lot.

Posted by VIWizard > 2014-01-23 15:22 | Report Abuse

39c mahal ni.. 35c la

Posted by dylan312 > 2014-01-23 16:26 | Report Abuse

Seems like strong support around 0.40 and 0.405, is it a good time to accumulate?

Posted by VIWizard > 2014-01-23 16:46 | Report Abuse

my opinion nope

Posted by daryltkt > 2014-01-23 17:49 | Report Abuse

Dylan312-all depends on how confident you are of Daya and your holding power.If you think of contra then forget it but if you are able to hold then this price is OK.Its up to you.

Posted by valueinvestor > 2014-01-23 20:12 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1523913

Posted by Risk Trader > 2014-01-23 20:16 | Report Abuse

Lowest will go only 0.35 cent......

Posted by love2trade > 2014-01-24 09:27 | Report Abuse

if today's close with "up" and volume above 34M, then good sign for uptrend

Posted by smartklseguru > 2014-01-24 10:22 | Report Abuse

Something is not right in global stock market now and it is best to clear out asap

Posted by love2trade > 2014-01-24 10:30 | Report Abuse

No worry. Watch out only in May

Posted by wanshare > 2014-01-24 10:33 | Report Abuse

Tried to get at 0.395 but now go up to 0.41.

Posted by wanshare > 2014-01-24 10:33 | Report Abuse

Something must be cooking.

Posted by dylan312 > 2014-01-24 10:38 | Report Abuse

Seems like it is starting the engine already

Posted by dylan312 > 2014-01-24 10:42 | Report Abuse

Smartklseguru- why say so? Any news about it?

Posted by smartklseguru > 2014-01-24 11:07 | Report Abuse

dylan312, just my personnal opinion and I am not talking about any stock in particular. The default rate is getting higher in asia and asia economies show sign of slowing. Asia recession is long overdue and US property crisis did not really hit us. I just feel something is not right and our asia property appreciation was so drastic but remain stable with no sign of depreciation. The bubble is about to burst based on my opinion, I do hope nothing happen as it will cause many poor people to suffer.