Daya Materials may move higher after the firm move this morning. Purchase can be made if it stays above MYR0.43, with a close below MYR0.42 as stop loss. Price target is MYR0.50, if the MYR0.465 resistance is broken. Failure to stay above MYR0.43 could see the stock trade sideways and further support is at MYR0.40.
Daya is very slow and steady and do not expect the price to fly like KNM or Iris.It will go up to 0.44/0.45 and then only slowly go up to 0.48 before pausing.Buy and hold.
Haha....time up suma start putting new tp but when seller coming in,people start putting no hope for this counter......anyway good luck guys.daya only needs good repor card plus some contract to spark a good rally.
Dec 2013 by CIMB We value oil & gas small caps at a CY15 P/E of 15.8x, which is at a 30% discount to the P/E of oil & gas big caps. Attaching a CY15 P/E of 15.8x to consensus FY15 net profit and assuming an enlarged share base post-private placement, we think that the stock could fetch RM0.56, resulting in a 44% upside to the current share price.
Why the worry? If you're really monitoring the movement, every time the break the new higher high, the next day will retrace back to new higher low. This are the pattern of Daya. Wait few days it will touch 0.465 then retrace to 0.445-0.450
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kytan
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Posted by kytan > 2014-02-24 15:24 | Report Abuse
big buyer accumulate..still don't know when this buyer want it to fly high