It's time to sell this morning and then buy back at a lower price later in the day. Market sure going to drop this morning. Hope this greenhorn is wrong, and the market goes up and up today, starting 9 a.m.
When it hit 0.30 only I will buy in. I have been tracking this counter for past many months. Sideway for long, then up and down.. up and down. If the entry price is not low enough, I do not think the risk and reward is justifiable. With such a roller coaster counter, I would rather go for others good counters.
the Q4 loss is due to one off huge expenses, slashed the big revenue earned that year. But with such loss , investors mainly losing confidence. The selling sentiment will prolong quite sometime. Plus the Ukraine-Russia possible war, will this add to the further bearish sentiment? Please shed some light on this war part.
Most selling for these few days is for profit taking purpose, after build up a nice profit base after such a long period it's time to collect some profit and come in again at a lower price....good bargain...
dont worry the only way is to bring the price down for crony to enter need monelah ....so will go up back next qtr will be ok with dividend 0.025cent ...u will watch and see
have no idea this one time huge loss will occur again, we must pay attention to news and progress. I still will stick to the same target price of 0.30, only I will re-enter, otherwose not worth all my sweat. Yes, there are still very good counters out there.
Tak payah baca berita semua cerita bohong besar. Senang baca TP dari RHB 2 berita u sudah tahu daya betel betul tipu kits semua pelabur kecil. Baca teliti RHB TP u dah faham
CEO2333, you sure put a lot of money in daya...150K, 200K? Well, if you can tahan holding for unspecified time, Im sure it can go back to Rm0.42-43....impossible will stay low forever...
I bought 500 lots at rm43 ... That time I trusted @joel wrongly... I was so stupid to believe in him... But I won't care bcz that's just a small amount of money...
@steelheart we can't speculate the future...like I have invested iris before ...bought 200lots at 1.10 and dispose at 60cents... Lowest last year is 26cents....so,investment is like gambling... We can't really speculate it...
Wait for the next quarter profit announcement and a rebound or when it goes above 0.455 before entry. A move above previous high of 0.455 will be a sign of strength.
CEO2333, Im sorry to hear that you have incurred losses. one can always argue whether buying share is like gambling. investment or trading.
IMO, Norway's sovereign fund will not subscribe to its right issue if Daya is a joke. In construction industry, there is always risk of job not well done. the most important thing is not to lose its reputation or credibility. look at how Muhibbah had recovered after 2 years. if you are really an investor, please don't be panic and stay away from monitoring the share price every second.
"Games are won by players who focus on the playing field, not by those whose eyes are glued to the scoreboard" - Warren Buffett.
CEO2333, investment is not gambling but will become one if you don't learn the fundamentals and the technicals. Its all about probabilities, entry and exit criterias, money management and your own psychology.... There are many good books around. Read Nicolas Darvas & Jesse Livermore's stories first.
kai8994, the way I see it, there is not a single official source confirming the investment of Norway fund in DAYA. What source do you have for the news? The Star? (At this point, I ROFLed, literally)
S PublicInvest Research Author: PublicInvest | Latest post: Tue, 4 Mar 09:15
An official blog in i3investor to publish research reports provided by PublicInvest Research team.
All materials published here are prepared by Public Investment Bank Berhad.
PUBLIC INVESTMENT BANK BERHAD (20027-W) 9th Floor, Bangunan Public Bank 6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718 Blog Headlines (by Date) Blog Index DAYA MATERIALS BERHAD - An Unexpected Finish Author: PublicInvest | Publish date: Mon, 3 Mar 10:13
Daya’s full year FY13 performance took an unexpected dive in 4Q, attributed to the cost overrun in the cable laying project which was largely completed in October 2013. YTD revenue recorded RM513.5m (+85% YoY) while earnings plunged to RM3.4m (-83% YoY). Management has reassured that the cost overrun issues have been fully accounted for this quarter and hence will start their FY14 balance sheet on a clean slate. Despite our disappointment to this quarter’s unfavourable outcome, fundamentally based on the prospect of Daya’s O&G segment in particular, its vessel chartering will provide growth for the Group going forward. We are maintaining our Outperform call on Daya with an unchanged TP of RM0.43 based on 12x multiple to its FY14 EPS of 3.7 sen.
Dragged by Oil and Gas (O&G).From what we understand, Daya initially recorded higher profits YoY, however due to the cost overrun issue from the cable laying project, a revision had to be made to the profit margin. Albeit this incident, O&G will contribute significantly going forward, premised on i) the LT charter of Siem Daya 1 (SD1) and Siem Daya 2 (SD2) to Technip, which has been deployed in North Sea as of end-February. ii) prospects of exploration and production business via its investment into Reach Energy (soon to be listed SPAC). iii) Downstream chemicals and specialised lifting services. iv) Outstanding orderbook of RM1.7bn.
Improving Polymer business. A slow growing division from the prospects of the industry and continued foreign competition. The Group however had implemented ongoing operational initiatives to deliver better production efficiency and improved cost structure, reflected in the positive results.
Technical Services to grow. Revenue increased due to the progress in several projects which were previously delayed, thus higher revenue was registered this year. A significant contributing division going forward, as the Group continues to build and execute its orderbook.
Maintain Outperform. We continue to recommend Daya based on our PE valuation of 12x implied PER to our FY14F EPS of 3.7 sen. As the Group’s vessels SD1 and SD2 have already been chartered out for a LT contract with Technip, earnings visibility is already materialised hence we see our valuation as reasonable at this juncture.
Source: PublicInvest Research - 3 Mar 2014
Share this Labels: DAYA Related Stocks
Chart Stock Name Last Change Volume DAYA 0.355 0.00 (0.00%) 0 More articles on PublicInvest Research >>
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cloudstrife wahh lann ehhh... write until like that!! 04/03/2014 08:07 Junglestock
I lost 6K in Daya..but yesterday gain back from Iris. Daya make me sad..now with the fund raising..I afraid is try to cheat people to support the DAYA current price.. I don't take chance in DAYA...go for other counter better.
No doubt Daya's last QTR result has disappointed most of the investors, but looking at the projects Daya is having. They for sure is making money for Daya soon, for mid-long term investors should not be too worry...my 2 cents opinion.
FYI....DAYA....From Starbiz news today Daya to raise RM950mil It plans to buy two offshore sub-sea construction vessels
PETALING JAYA: Daya Materials Bhd is planning a RM950mil fund-raising exercise to pay for the purchase of two offshore sub-sea construction vessels (OSCVs), Siem Daya 1 and 2 (SD1 and SD2), according to Kenanga Research. “Daya revealed that it is working on a very large fund-raising exercise comprising a 15% private placement, rights with warrants issuance, convertible bonds and senior debt financing worth a cumulative RM950mil,” it said in a research note following a meeting with the company. ItsaidtheOSCVscostUS$140mil(RM460mil) each. “Daya reiterates savings of US$15,000 (RM50,100) per day per vessel under an ownership model versus the current lease model. Post the corporate exercise and acquisition, net gearing is expected to rise to less than two times (from the current 0.3 times), but management is comfortable with this level given the cash-flow backing assets.” Kenanga also noted that Daya had incurred US$9mil (RM30mil) in cost overruns during its fourth quarter ended Dec 31, 2013, “attributable to human error” in capturing costs for its Tapis enhanced oil recovery (EOR) project. “Management acknowledged the weakness in internal controls and has since refocused attention on budgeting and cost controls. With the Tapis EOR project at 96% completion as at end-December 2013, no more cost overruns are expected in 2014.” Kenanga said. “On this front, a subsidiary-level management reorganisation exercise has been initiated with a new chief executive officer, chief financial officer and legal counsel now leading its subsea business.” Daya reported a net loss of RM15.58mil for the fourth quarter of 2013, compared with a net profit of RM5.18mil in the previous corresponding period. Revenue, however, increasedtoRM139.96mil from RM98.31mil previously. Kenanga said due to its fund-raising exercise and cost overruns, Daya is expected to remain in the red in the first quarter of its current financial year.
0.36 is bottom price.. but now they want money.. any price buyer wanna buy, boss or shark will let go.. so becareful if u want play short term.. long term player, side see n find de lowest price.. contra player will bring down de price.. this counter, uncle aunty can buy n keep, but i worry they will get heart attack.. haha
now there's some contra player flooding the counter, have to wait them out of the counter then only can move.... one off lost shouldn't cause of huge volume trade off...
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Posted by amus > 2014-03-04 08:51 | Report Abuse
It's time to sell this morning and then buy back at a lower price later in the day. Market sure going to drop this morning. Hope this greenhorn is wrong, and the market goes up and up today, starting 9 a.m.