Posted by greenday > 2014-03-05 15:24 | Report Abuse

big show always start on 4.30pm, if u want lowest price of de day, can get by 4.30pm.. 4days continue down, all they do big show on 4.30pm onwards..

Posted by tomwah > 2014-03-05 15:43 | Report Abuse

no big fish today ....

Posted by newbirds > 2014-03-05 15:48 | Report Abuse

If right issue then management no money. Bonus issue is good.

Posted by SJaladdin > 2014-03-05 16:21 | Report Abuse

hmm this counter will drop til what price?

Posted by wtham > 2014-03-05 17:02 | Report Abuse

Habis minim kopi ; kawan confirm project kontrak di sungai besi lewat sekurang 6 bulan. Lari cepat cepat

Posted by wtham > 2014-03-05 17:09 | Report Abuse

yuk tung projek 270juta di sungai besi. Semak bursa projek patut habiis akhir tahun. Bila pandu lepas sendiri tengok bolehkah habis? Kawan kena lari cepat. Daya mesti mati

Posted by greenday > 2014-03-05 17:10 | Report Abuse

They already mentioned construction hard to make money, vessel is their major bisnes in future.. They got stake in Reach Energy (Ipo soon)..

Posted by wtham > 2014-03-05 17:17 | Report Abuse

@greenday apa cakap Q4 kontrak 9% PBT? Kalah tidak DAYA lagi rugi banyak. Apa O&G semua bohong kuat.

Posted by wtham > 2014-03-05 17:18 | Report Abuse

Tak payah cakap jual DAYA tetap betul.

Posted by sunflower > 2014-03-05 17:35 | Report Abuse

@wtham, i believed you have sold all your daya right? then why you still want to stay at this forum making so much of negative comment?
i know many people become slaughter since the report out....but just tak tahan seeing you keep on mention jual jual jual

Posted by Jal 贾彬得 > 2014-03-05 17:53 | Report Abuse

look at future la wtham if u want to be trader than sell lor be invester see long term buisness holding buisness up and down ba

Posted by Jal 贾彬得 > 2014-03-05 17:57 | Report Abuse

sunflower reach energy already approved by security commision? when the ipo not announced yet rite?

Posted by ruslimz > 2014-03-05 18:01 | Report Abuse

how to approve????application for IPO not yet send to SC.......

Posted by Jal 贾彬得 > 2014-03-05 18:02 | Report Abuse

ow than what sunflower say ipo soon...any idea when they sending application yet?

Posted by greenday > 2014-03-05 18:38 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/01/04/Appetite-for-SPACs-Demand-for-shares-of-SPACs-continues-to-be-strong/

Posted by daryltkt > 2014-03-05 18:38 | Report Abuse

The losses is the perfect opportunity for sharks to further press down the price.This way they are able to practically slaughter the contra/speculators and those feeble minded retailers.Do not worry and if have extra cash purchase to average down.I have not sold even one share and I do not care if it goes down as I know it will never go down to below 0.30.Hold tight as it will go up again.Currently on paper I am losing but my confidence is still intact.

Posted by Jal 贾彬得 > 2014-03-05 18:43 | Report Abuse

mine too is losing but keeping it for longer period confident on this counter

Posted by daryltkt > 2014-03-05 19:11 | Report Abuse

Greenday-that is old news already discounted by the market.Only when Reach is approved by SC then only Daya might fly.

Posted by greenday > 2014-03-05 19:30 | Report Abuse

i know.. just be positive :)

Posted by steelheart > 2014-03-05 19:36 | Report Abuse

Price dropping trend so many days already still got contra players going in meh? LoL. I think it's really a drop due to the lousy results la. No need much help from sharks to do that.

Posted by valueinvestor > 2014-03-05 20:38 | Report Abuse

Loss making due to so-called human error + leaked out fund-raising exercise info to Kenanga prior to announcement to Bursa? + dilution of EPS due to the possible fund raising exercise + possible losses again in Q1 of 2014 => ?????? :-(

Posted by joel > 2014-03-05 22:19 | Report Abuse

U think will rebound tomolo.
Dun worry.

Posted by joel > 2014-03-05 22:20 | Report Abuse

The most imminent of the lot would be Reach Energy Bhd, the upcoming O&G exploration and production shell, which has Daya Materials Bhd as its initial investor.

Daya will be paying RM8mil for a stake in Reach Energy, headed by its director Shahul Hamid Mohd Ismail.

In July, Daya told Bursa that it will subscribe to 533,334 redeemable convertible preference shares in Reach Energy at RM4.50 each and acquire 12.44 million shares in the shell company at 45 sen each.

On the other new stricter guidelines for SPACs, it includes extending the moratorium on promoters and initial investors as well as capping the discounts these investors enjoy in their SPAC shares,

The new rules also stipulate that the initial investors of a SPAC can only enjoy a 40% discount on their shares.

Posted by cmlooi > 2014-03-05 23:00 | Report Abuse

.... wait for the next qtr results before entry.

Posted by sunflower > 2014-03-06 08:39 | Report Abuse

@Jal贾彬得,i dont have much info about reach energy and ipo.
Me too paper lost in this daya counter, but i do keep it mid to long term to see its movement.

Posted by SJaladdin > 2014-03-06 08:50 | Report Abuse

pe too high will drop further

Posted by wtham > 2014-03-06 09:07 | Report Abuse

bros Kiat semua pelabur semutt kena lairi lari kuat.

Posted by wtham > 2014-03-06 09:11 | Report Abuse

Baca dulu laporan dari saham anlalyst semua nombor bohong besar dan berita2. Kalau tidak percaya baca sendiri mulai jan 2013.

Posted by wtham > 2014-03-06 09:17 | Report Abuse

apa IPO pula? 6 bulan lepas cakap subsea bagus. Semarang rugi kuat. cakap IPO reach energy bila IPO naik cakap market sentiment lemah. Daya cuma cakap besar(. Jual DAYA mesti betul.

Posted by luckyman > 2014-03-06 09:48 | Report Abuse

I have lost faith in this company too. No point to be cheated again.

Posted by SJaladdin > 2014-03-06 09:58 | Report Abuse

kenanga research "sell" call!

Posted by Bobby31 > 2014-03-06 10:11 | Report Abuse

Kenaga always create rubbish...remember they are also investor buying for Fund so when drop they buy and wait next Qtr saya good things

Posted by SJaladdin > 2014-03-06 10:13 | Report Abuse

just for refence dont say rubbish .. chill

Posted by phsoowdc500 > 2014-03-06 11:37 | Report Abuse

Setuju dengan wtham...

Posted by jualbeli > 2014-03-06 12:15 | Report Abuse

tiada daya upaya

Posted by Kevin Khoo > 2014-03-06 13:45 | Report Abuse

Well looking into the chart now is testing the lower level seems it will remain around 0.355 - 0.360 at this moment and when testing done will up trend again
now should be safe to enter if want to accumulate from now or lower the average price from b4 higher purchase

Posted by kengfp > 2014-03-06 14:20 | Report Abuse

yes, agreed with Kevin...unless for those no holding power then force sell and cut loss... huhuhu

Posted by Bobby31 > 2014-03-06 14:57 | Report Abuse

the TP will be above 45 - 55 as their revenue did grow but because of the cost overrun by many million shows a negative profit .......but this JOB is done and finish same like Muhibah before now look at the price ....sure HUAT this is definitely better than MAS lost after LOST they will make the cheapest stock soon TP 0.14

Posted by limayseng > 2014-03-06 15:48 | Report Abuse

o & g has its ups and downs too! if got oil, it will shoot up but if no oil, all will be gone to drain and bankrupt straight. It all depends on how you look at it and the amount of risks exposure you may afford...

Posted by annoymous > 2014-03-06 19:43 | Report Abuse

DAYA WAS TRAPPED !!!
SOMEBODY HELP HIM !!!

Posted by greenday > 2014-03-06 20:46 | Report Abuse

Highlights

Weak 4QFY13 result due to one-off event… YoY, Daya’s 4Q13 earnings swung from profit to a loss of RM15m. Full year FY13 earning made up only 14% of consensus. This was mainly due to cost overruns at its first subsea project (Tapis EOR). As the project is almost near completion (~96% completed) and the cost overrun has already been fully reflected in Q4FY14, we view this as a one-off event.

Looking forward for SD1 and SD2…Siem Daya 1(SD1) and Siem Daya 2 (SD2) are expected to commence works with Technip Norge in Mar 13. 1QFY14 earning will remain weak given the initial mobilisation and charter costs. However, they will register maiden full contributions in 2QFY14 with deployment of 220-250 days/pa (vs. original 100-175 days).

Margin expansion for the propose acquisition… The company is working on a fund raising exercise to raise RM930m (combination of debt and equity, Ref Fig 1) to acquire 100% of SD1 and SD2 vessels. Each vessels cost around US$130-140m. The company expects saving of US$15-20k/day/vessel under an ownership model (vs. lease model). We estimate each vessel to generate RM24m PAT vs. RM6m under lease model. Management expect the corporate and acquisition to complete in 1H14.

Potential third vessel in 2H14? We understand the company is negotiating with Technip on a 3rd vessel charter. Successfully executing jobs on SD1 and SD2 will path the way for future SD3. If acquisition of SD3 in FY14 materialized, FY15 earnings could be boosted by ~30%, resulting in a drop in P/E to 10x while net gearing of circa 1.5x will remain below the company’s maximum tolerance of no more than 2x.

Not as dilutive as thought? Under the RM930m fund raising exercise, the company targets 65% from debt and 35% from equity (combination of private placement, right issue and convertible bond). We expect share base to enlarge from 1.39bn to 2.6bn after the exercise. Despite the huge dilution, average pre-tax margin for both vessels are expected to increase from 5% to 23% from lease to owned model (Ref fig 1).

Balance sheet remains comfortable… After the corporate fund raising, net gearing is expected to increase from 0.3x in FY13 to 1.1x in FY14.

Valuation

After the corporate fund raising to acquire 100% stake in both vessels, Daya is expected to trade at 25x FY14 and 13x FY15 P/E (Ref Fig 1, Scenario1). To note, we only factored one quarter of contribution under asset owned model in FY14 (as we expect the deal to complete in 2HFY14) and expect FY15 earnings to increase by 94% YoY given full year contributions from both vessel.

Source: Hong Leong Investment Bank Research - 6 Mar 2014

Posted by candlepower > 2014-03-06 21:05 | Report Abuse

if daya has performed well the fund raising exercise will be in great demand. Losses are very significant. 3 q of previous profit wipes out in 1 q. Cable laying was in Malaysia,still make mistake. people are cautious of daya now. daya must prove itself this q otherwise may be undersubscribed. I think this fund raising exercise will help to prop up a price a bit,eg issuance of free warrants,etc. Need to see sweetness of the deal. Good for those thinking of purchasing daya.

Posted by mick23 > 2014-03-06 22:22 | Report Abuse

Lousy

Posted by Yumseng > 2014-03-06 23:38 | Report Abuse

Dun trust hong leong investment bank research. The CEO of the bank madam lee is the wife of DAYA managing director NATHAN THAM. 200% betul betul facts. The DAYA MD super CON man. Manipulate numbers to suit small time investors. DAYA tipu tipu kuat

Posted by greenday > 2014-03-07 01:21 | Report Abuse

（吉隆坡5日讯）达雅集团（DAYA，0091，主板贸服股）料计划通过市场筹资9.5亿令吉购船，消息传出后，该股倍受投资者追捧，价量齐增，成为今日10大热门股之一。
该股今日一度攀扬4%或1.5仙至37仙，涨幅尔后收窄，惟交投量持续放大，闭市时，该股全日交投达8438万5600股，收挂36仙，起0.5仙。
肯纳格投行在报告中指出，达雅集团正在着手处理15%股权的私下配售作业，计划透过凭单发行、可赎回债券以及优先债务（SeniorDebt）融资，筹集9.5亿令吉。
报告指出，达雅集团筹资所得将用作购置两艘岸外海底建造船（OSCV），分别是Siem Daya1和SiemDaya2，船只购置预计耗资1亿4000万美元（约4亿6000万令吉）。
达雅集团指出，在完成船只购置后，达雅集团每日可节省1万5000美元（约5万令吉）的租赁费用。

Posted by Optimus1 > 2014-03-07 03:09 | Report Abuse

Another sumatec is borned. Very soon bursa has many counters like kancil carrying 8 adult passengers. All cannot move...

Posted by Optimus1 > 2014-03-07 03:15 | Report Abuse

Flush this counter to toilet la. Trap ikan bilis only. Useless. Once oil n gas theme over, it wil b 10c stock.

Posted by huat2 > 2014-03-07 07:59 | Report Abuse

Getting close to the recent private placement price of RM0.345....probably good to get out first before the next placement comes around. They need to regain investors' trust again...

Posted by Kevin Khoo > 2014-03-07 08:12 | Report Abuse

Optimus1 time will prove man.....and u compare this company with a PN17 company? Just relax la

Posted by cecilT > 2014-03-07 08:48 | Report Abuse

suddenly all negative comments...