Will oil prices rise in 2020? EIA forecasts Brent crude oil prices will average $43/b in 2020, down from an average of $64/b in 2019. For 2020, EIA expects prices will average $37/b during the second quarter and then rise to $42/b during the second half of the year.Mar 11, 2020
Oil price up and down like a biz cycle... oil price will rebound as it is a scarce commodity, non-renewable energy :)
Dayang is the biggest oil rig maintenance contractor and it has a few billion Ringgit worth of contracts in hand which will provide increasing profit for the next few. Its nearest competitors are Carimin, Uzma and Petra Energy.
As I said before, no share can go up continuously for what every reason. After it has gone up for a while, it will come down. The price chart shows that the price corrections are usually very small.
I believe its share price will go up a few hundred percent within the next 2 or 3 years like Lii Hen, VS Industry or Latitude Tree.
My answer to the question “can I buy Dayang now?’ is Yes! Yes! Yes!
KYY is stupid investor , know buy don’t know sell , buy Dayang at 1.20 , use margin buy 2.45 ,Dayang up until RM 3 , this stupid KYY don’t know sell end up apa pun tak Ada , sell at 80 sen to RM 1.20 , buy Jaks at 1.30 , use margin top up buy jaks at 1.50 , ,jaks up until 1.80 , this stupid n paria don’t know sell , end up sell at 58 sen , loss 50 million , this KYY is real stupid investor
I have been waiting patiently to collect my 3rd Batches of The Lady Dayang for 3 Consecutive Weeks. Now my Blonde Hair has turned to WHITE :(
Week 1 (30th March - 3rd April) - Conclusion: Failed Miserably to reach 60 sen Target Price
Mon Day 1 - 60 sen Target - Failed Tue Day 2 - 60 sen Target - Failed Wed Day 3 - 60 sen Target - Failed Thu Day 4 - 60 sen Target - Failed Fri Day 5 - 60 sen Target - Failed
Week 2 (6th April - 10th April) - We raised the bar to 70 sen Target Price to collect. Conclusion: Failed Miserably to reach 70 sen Target Price
Mon Day 1 - 70 sen Target - Failed Tue Day 2 - 70 sen Target - Failed Wed Day 3 - 70 sen Target - Failed. Thu Day 4 - 70 sen Target - Failed Fri Day 5 - 70 sen Target - Failed
Week 3 ( 13th April-17th April) - Post OPEC+ Meeting. Conclusion: Failed Miserably to reach 70 sen Target Price.
Mon Day 1 - 70 sen Target - Failed Tue Day 2 - 70 sen Target - Failed Wed Day 3 -70 sen Target - Failed Thu Day 4 - 70 sen Target - Failed Fri Day 5 - 70 sen Target - Failed
KYY has a golden rule of 2 Consecutive Profits before he Invest. I also have a golden rule. If by 3 Consecutive Weeks, it failed to achieve my subsequent collection of Target Price, it's time to accumulate and secure my 3rd Batches of The Lady Dayang. . 100+ years of market history tells us that the best time to go out and scour the market for hidden opportunities is when the stock market has fallen hard. This War on Terror is a catalyst, all you need is to react to it. It's going to be another smooth ride on this ship.
Now I will continue to set my auto cruise to RM 3.5...
Turn off the lights, take a deep breath....Relax...
~ U.S. crude prices plunged in the morning of Asian trading hours on Monday as traders continued to fret over a slump in demand due to the coronavirus pandemic, with one analyst describing the situation stateside as “quite dire.”
~ Prices on the May contract for West Texas Intermediate crude futures dropped 15.49% to $15.44 per barrel. The futures contract is set to expire on Tuesday, according to Refinitiv.
Oh my god , oil USD 14.99 today ,if tomolo KLCI retract 20 point , gurantee all oil stock plunge like hell , oil stock no dump by investor because of help of KLCI last week up 50 point whole week , once KLCI retract down 100 point , this time gurantee Dayang will plunge back 70 sen , RM 1 .25 = 1 litre now , your dream will come true very soon , RM 1 = 1 litre oil
Just imagine ,if KLCI from today 1426 plunge back to 1208 in 2 month time , gurantee Dayang will at 50 sen,
Ikan bilis , SELL IN MAY , oil company start QR August ,all will in lost profit like hell
Will rebound. Q1, 2020 results will be released next month :)
Dayang Enterprise Holdings Bhd posted a record net profit of RM236.28 million in its FY19, up 43.9% y-o-y from RM164.22 million, thanks largely to higher profit margins. Revenue grew 11.6% to RM1.05 billion — exceeding the RM1 billion mark for the first time — from RM937.64 million in FY18.
Oil also shot up more than 96% from its 2007 low into early 2008, just before the most recent U.S. recession. Crude prices shot up as much as 4.8% on Friday after the U.S. killed Gen.Jan 3, 2020
@Victor Yong Will rebound. Q1, 2020 results will be released next month :)
Dayang Enterprise Holdings Bhd posted a record net profit of RM236.28 million in its FY19, up 43.9% y-o-y from RM164.22 million, thanks largely to higher profit margins. Revenue grew 11.6% to RM1.05 billion — exceeding the RM1 billion mark for the first time — from RM937.64 million in FY18.
20/04/2020 2:11 PM
Today has been good fishing adventure. Most of my baits were snapped. After waiting patiently for 3 weeks, today I finally collected my 3rd Batches.
Energy - Collected HengYuan and Dayang today. Serba baits still waiting to be taken.
Airlines - Now my Armada Fleets of Battleships will further be strengthen with additional 3 Squadron of Jet Fighters ( Air Asia, AAX and soon MAS). Thank you Azmin!
Automobile - My current automobile position are only confined to the 10% of Population (Mercedes Benz, BMW and Porsche). Today, I decided to collect DRB Hicom. This will cater for the remaining 90% of the Population.
Going thru kcchongnz. comment. I think he has made the " loss gap too small " for yKK margin account loss.-----1) margins are given based on stocks plus Cash Or either one ( already known yKK has a huge margin account (more than one margin accounts in different Bank) before Dayang so my guess is yKK used a " All stock margin account."
2) During recent stock crash, it is Not just dayang that is plunging (all other stocks are also plunging ) Even you sell Half or All Dayang, your stock collateral are Not enough to support the remaining stocks-----a cascading sell-off ( many investors ending-up with No stock But still owe Brokerage House a Huge balance )
See my prediction once KLCI plunge 100 point in month May , from it recent high 1426 to 1326 , Dayang gurantee plunge to 70 sen , if oil stay below USD 20 per barrel at month May , SELL in May , your dream will come true Dayang = 70 sen ,when KLCI index at 1300 , mark my today word
U.S. crude prices plunged in afternoon Asian trade on Monday as traders continued to fret over a slump in demand due to the coronavirus pandemic. ANZ’s Daniel Hynes described the situation stateside as “quite dire.”Prices on the May contract for West Texas Intermediate crude futures tanked 19% to $14.80 per barrel.
The futures contract is set to expire on Tuesday, according to Refinitiv.
Oh my god , oil at 14.39 USD now , if KLCI index plunge 20 point tomolo , all oil stock will plunge like hell ,Dayang see u tomolo 1.10 .SELL in May n get lost , Dayang 50 sen will come true , RM 1 = 1 litre also will come true
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....
Victor Yong
8,271 posts
Posted by Victor Yong > 2020-04-20 10:20 | Report Abuse
swing wildly, up wildly too from 70sen+\\
Will oil prices rise in 2020?
EIA forecasts Brent crude oil prices will average $43/b in 2020, down from an average of $64/b in 2019. For 2020, EIA expects prices will average $37/b during the second quarter and then rise to $42/b during the second half of the year.Mar 11, 2020