iyaaa why all mention kyy go here laa kyy go there laa.. lantaklaa dia nk pi mana pun.. kyy laa dok pening margin lost..dia hold dayang 1.30+ maa read all his article.. know better laa..iyaaa
tut tut kyy will revealed his move selepas settle hutang dia laa.. he need sekurang2nya 1 month to manage back his margin fisilty..ingat senang kaa iyaaa
it did not drop to 1rm or below,simply because opec and russia had agreed to cut daily production,that providing the support., and also America about to open the economy by month end, oil consumption soon to pick up.
exactly enning22, there is a reason why OPEC cut the throughput by 20% slightly lesser than 'current' demand reduction of 30%...
the demand presently is expected to shoot up by May...as transportation has to work (at least for Food & basic necessity movement) and some countries will open up business like how Malaysia is doing presently..
we will start seeing more cars on the road
further, once oil production is cut, they cannot bring back to production immediately when the demand picks up..that will cause a price spike too high..
and lastly, Dayang does not depend on oil price at all when the price is still profitable for petronas to operate..
Posted by enning22 > Apr 14, 2020 11:42 AM | Report Abuse
it did not drop to 1rm or below,simply because opec and russia had agreed to cut daily production,that providing the support., and also America about to open the economy by month end, oil consumption soon to pick up.
charting , or candlestick , or any so called technicals ,actually as tracing market psychology mood,while real reason is the complex economy factors change.
exactly enning22, there is a reason why OPEC cut the throughput by 20% slightly lesser than 'current' demand reduction of 30%...
the demand presently is expected to shoot up by May...as transportation has to work (at least for Food & basic necessity movement) and some countries will open up business like how Malaysia is doing presently..
we will start seeing more cars on the road
further, once oil production is cut, they cannot bring back to production immediately when the demand picks up..that will cause a price spike too high..
and lastly, Dayang does not depend on oil price at all when the price is still profitable for petronas to operate..
Posted by enning22 > Apr 14, 2020 11:42 AM | Report Abuse
it did not drop to 1rm or below,simply because opec and russia had agreed to cut daily production,that providing the support., and also America about to open the economy by month end, oil consumption soon to pick up.
Dayang has been promoted relentlessly with tens of articles in i3investor, stating that if you don’t buy Dayang, and with margin, you have to examine your record to see why you are so poor. The great promotion started when it was selling at less than RM1.00. After that it reported a quarter of losses, and its share price tanked to below 60 sen. If an investor had paid attention to this tip, he whould have looked at its financial performance and would have found something different from what the public perceived. The losses were mainly due to impairment of plant and equipment. However, its core operation, although suffered accounting losses, had made very good cash flows, and even good free cash flows. In fact, Dayang has had positive free cash flows for all the years, even when the oil price was at its low of US20+ per barrel in 2015. Here is a link explaining that.
With articles and articles of promotion, the share price of Dayang was chased up to RM3.00 per share in just a couple of months ago. Those who held Dayang were told to continue buying, and with margin, as its profit growth seems to have no limit, and they were told that they are stupid fools for selling this up-trending stock. One who have done some valuation would have sensed that the normalized earnings does not justify the rich valuation, and there is no margin of safety holding the stock at this price, and profit should have taken.
Since listing, Dayang only suffered a loss in just one year, that was last year in 2017. However, the loss was besides reduced work orders, to a large extent the high depreciation costs, impairment of property plant and equipment, and high unrealized foreign exchange loss during the period. Even then, its cash flows remained healthy, with positive cash flows from operations (CFFO) and free cash flows (FCF) as the losses were mainly non-cash items. Table 2 in the Appendix shows the cash flows of Dayang over the last few years.
Dayang has had positive CFFO all the years. Even after spending for capital expenses, it still has FCF left behind. Over the last 5 years, total cash inflows from operations were RM1.4 billion and FCF of RM1.2 billion. Average FCF a year for the 5 years was RM237m, or 25 sen a share.
Owing to the excellent FCF over the years, Dayang has been gradually reducing its debt burden from the FCFs through the years. As a result, net borrowing of Dayang has reduced steadily from RM1.5 billion in 2015 to RM821 million in 2018. Net gearing ratio has reduced substantially from 1.25 to 0.73 which is below one now. Coupled with good cash flows, there appears to be no issue on the present gearing and its ability to pay debt.
due the vol fail to reach 15m as paktua expected.. mean chances to gap down are limited.. let see green hulk strong enough or not to beat the red thanos..
tut tut esok kian menarik.. paktua postpone to sold or buying for today..
hahaha good2 baby shark..but..paktua can eat 1.21,1.22,1.23 yesterday how?? thanks Buddy backup.. let we ride on green hulk..paktua hope today can close above 1.30
there is a reason why OPEC cut the throughput by 20% slightly lesser than 'current' demand reduction of 30%... ..............................................
the demand presently is expected to shoot up by May...as transportation has to work (at least for Food & basic necessity movement) and some countries will open up business like how Malaysia is doing presently..
we will start seeing more cars on the road
further, once oil production is cut, they cannot bring back to production immediately when the demand picks up..that will cause a price spike too high..
and lastly, Dayang does not depend on oil price at all when the price is still profitable for petronas to operate..
PETALING JAYA: As more oil and gas (O&G) fields in Malaysia and the region approach the end of their lifespan, the demand for decommissioning works is set to surge.
The value of decommissioning contracts in the region, over the next three years, is expected to reach up to RM6bil, according to estimates by industry players.
UOB Kay Hian Research analyst Kong Ho Meng said while there have not been any large tenders awarded by Petroliam Nasional Bhd (Petronas), it expected contracts to be rolled out from next year.
In Malaysia, he said, about 11% or about 35 of the over 300 platforms have been operating for over 40 years, and more than 200 wells have already been identified to be plugged and abandoned.
Decommissioning is a rapidly developing sub-segment in the O&G sector, which refers to works to safely dismantle and remove wells and platforms to prevent environmental damage.
The growing requirement for decommissioning works relates to the commitment from oil majors to reduce their impact to the environment via late-life asset management.
There are two key services for decommissioning – well abandonment services and upstream facilities dismantling.
In its 2019-2021 activity outlook, Petronas noted the requirement for 50, 40 and 60 well abandonment for the local fields in 2019, 2020 and 2021, as well as the need for the dismantling of several platforms or facilities.
“Activities are expected to intensify as considerable assets have been operating beyond 40 years,” Petronas said in the report.
According to UOB Kay Hian, other indirect beneficiaries from well abandonment works are DAYANG ENTERPRISE HOLDINGS BHD, Petra Energy Bhd, Icon Offshore Bhd, Perdana Petroleum Bhd and DELEUM BHD.
Kong, in the report, added that major offshore commissioning players like Dayang Enterprise and Petra Energy were also looking at opportunities in the decommissioning space.
With the expected surge in decommissioning work by Petronas alone (MYR 6 billion over 3 years) which is MYR 2b /year a 20% market share means MYR 400 M per annum for Dayang.
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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....
Sonnykwaeh
770 posts
Posted by Sonnykwaeh > 2020-04-14 09:36 | Report Abuse
SURE shootabovw 1.30 anytime