paktua respect all Fighters here... we play on what we strong believe.. so.. any body don't believe dayang will rise again on future.. their will regret now...
paktua elite troops stand to play swing.. their will stick with plan was set..stick with own methods.. and some paktua troops also play for mid term player here.. bcoz we strong believe.. dayang worth more then this..
hear this.. we didn't come this far.. just only to come this far..
yes.. WE DIDN'T COME THIS FAR.. TO..ONLY COME THIS FAR..
Source : PUBLIC BANK Stock : DAYANG Price Target : 3.15 | Price Call : TRADING BUY Last Price : 1.24 | Upside/Downside : +1.91 (154.03%)
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Dayang reported a strong headline profit of RM236.3m in FY19 from RM164.2m a year ago. Stripping-off exceptional items amounting to RM6.2m, Dayang’s core net profit stood at RM216.2m (+47.1% YTD) on the back of a 11.6% increase in revenue to RM1bn. The impressive performance was mainly attributed to further improvement in profit margins as more lump-sum work orders had been executed during the year which enabled the Group to have better cost control and improved efficiencies. The Group’s FY19 gross profit margin expanded by 6.6ppt to 47.7%. While topline was at 97% of our target, core net profit was slightly below at 94% though ahead of consensus at 108%. The discrepancy in our projection was due to one-off professional fees relating to the corporate exercises amounting to RM3.7m as well as higher tax charge of 36% reported in 4QFY19. We are maintaining our earnings forecast with expectations of the Group’s work momentum to continue on the back of a solid orderbook in hand of RM4.5bn. Our Trading Buy call is affirmed with an unchanged TP of RM3.15 based on 14x PER over FY21 EPS of 22.5sen.
Results highlights. As expected, Dayang‘s 4QFY19 core profit of RM71.3m (-9.5% YoY) was relatively firm due to robust activities in the first two months of 4Q, continuing on from 3Q work orders. Nevertheless, December activities slowed due to the monsoon season, affecting vessel utilization rate and orders from its maintenance contracts. Having said that, the Group’s overall revenue exceeded the RM1bn (+11.6% YTD) mark for the first time. Together with the improvement in profit margins due to better cost control and improved efficiencies, the Group reported a 47.1% YoY jump in its core net profit as more lump-sum work orders had been executed from its topside maintenance services contracts. Higher vessel utilization of 70% had also been achieved in FY19 as compared to 64% in FY18, resulting in revenue from the chartering of its vessels improving by 59.7% YTD. Solid orderbook, momentum to sustain. With the recent contract win from Carigali - PTTEPI Operating Company SB, together with the recent packages from i-HUC and additional “farm-in” orders, Dayang’s balance orderbook which stands at approx. RM4.5bn has surpassed the previous high of RM4bn back in in 2014. We remain upbeat on its growing orderbook with the possibility of additional orders from “farm-in” contracts. Source: PublicInvest Research - 24 Feb 2020
Already back to USD17+ today . The rebound is just the beginning :)
The West Texas Intermediate (WTI), the benchmark for the US oil industry for decades, fell from US$17.85 per barrel to minus US$37.63 in just one day this week.
sorry paktua spoil a bit rally a bit while stuck at 1.24 due paktua elite troops throw some from 1.25 -1.23.. now rally will up more. no more pressure down again.. let ride to 1.27 higher reach today..
dun in n out ah..now go out who knows nex wk can bak in or not. last day trading also break new high..nex wk us reopen oil will break high again...dayang will reach 1.50+ nex 1 to 2 wk may b.
iyaa freetospeak.. paktua got two type of Fighters here.. one type play as swing player.. 2nd type play as mid term trader.. we play as what we was set maa.. paktua always say frankly on real time..
before sell was tell.many time.. what price swing troops will release the burden.. we play with real money..n gentleman.. never play hide like kyy..tricky trader..
thanks freetospeak..for good word.. sorry paktua miss understood.. ====================== freetospeak@pak tua is good...always respect...stick to own plan. 30/04/2020 11:55 AM ======================
macam ni, RM1.50 and above by today is possible :)
UBS: Oil prices will spike 115% by the end of 2020 in a dramatic reversal of the current crisis (UBS) Saloni Sardana Apr. 28, 2020, 07:21 AM Thomson Reuters UBS' wealth management arm forecast that Brent crude oil prices could rise by 115% by the end of 2020. Mark Haefele, chief investment officer at UBS Global Wealth Management said he expects the oil market to "become under-supplied in 4Q," pushing prices up to $43 per barrel. Oil prices have been volatile in recent days due to lack of storage options, and last week US oil dropped into negative territory for the first time in history. On Monday oil prices plummeted 30% after United States Oil Fund, one of the biggest exchange traded funds in oil announced it would sell all futures contracts for delivery in June over a four day period. Follow the price of oil live with Markets Insider. Oil prices have tanked in recent days as traders scramble to find places to store oil, but UBS expects the reverse situation to happen in the fourth quarter of the year. The Swiss bank expects Brent prices to climb back to $43 a barrel in the second half of the year once economies are expected to be back in running and have exited lockdowns. Mark Haefele, chief investment officer at UBS Global Wealth Management, said: "While the oil market is heavily oversupplied this quarter, we expect it to move toward balance next quarter and become under-supplied in 4Q this year as lockdown restrictions are eased and oil demand picks up."
He added: "We forecast Brent to recover to $43 a barrel by year-end." An increase to $43 per barrel for Brent would represent a gain of around 115% from its currently price, with the international benchmark trading at around $20 per barrel on Tuesday. Oil prices have been volatile in recent days as traders are fearing the world is running out of global oil storage. Read more: Goldman Sachs outlines a 3-part investing strategy to profit from the economy's reopening - including 4 stocks to buy for the recovery On Monday oil prices plummeted 30% after United States Oil Fund, one of the biggest exchange traded funds in oil announced it would sell all futures contracts for delivery in June over a four day period.
US oil prices had turned negative for the first time in history last week as the May contract expired, meaning traders had to pay people to take the oil off their hands as storage facilities were limited, particularly at a key storage facility in Cushing, Oklahoma. Coronavirus has battered demand for the fuel, with every major economy into lockdown, and economic activity remains subdued. Some US states, including Oklahoma, have started reopening their economies this week, and several others are doing the same and lifting stay-at-home orders by Thursday, likely boosting economic activity and oil consumption in the coming weeks. Naeem Aslam, chief market analyst at Avatrade, said: "Overall, I do contemplate that fundamentals are improving to a small extent because the US shale oil rig count has dropped vividly over the last week, and it is bound to have a positive influence on supply." He added: "As for the demand side, I reason we have hit the bottom. This is because, with the easing global lockdown measures, it is only a matter of time when we will start witnessing the demand equation showing more signs of life."
Meanwhile, oil giant BP reported a 66% drop in first quarter profits on Tuesday as the impact of coronavirus bites companies across the globe, particularly the energy sector. "Our industry has been hit by supply and demand shocks on a scale never seen before," Bernard Looney, BP's CEO said in a statement.
lunch break at RM1.30, 17mil+ shares traded.... hope to see it touch RM1.50 & above. tumbled from RM3.01 recently, US oil price tumbled to -USD37+ to +USD17+ now.
Dayang rebound from bottom, US 5 oil company bankruptcy and more to come, Saudi buy other foreign oil company b4 the deal of production cut, now whole will agree to cut oil, kill all the contra player when oil drop to -37 usd, more countries start work less MCO, the worse is over, park some money in oil couter , hold for 6 month to 1 year sure win. According last few crisis, after start cut production, oil price back to normal in 4 to 6 month. Will u take this risk? I will
@dickson2u..if paktua in your position.. paktua just relax and wait if correction happen then reloaded.. is not our favorite to top up on bulltrend.. but any way.. its up to you if you comfortable too.. just play with methods on what we was expertise..
and paktua also want to congrats to you.. as you make good profits at supermx..
tut tut just play on what we expertise..and stick with it..
thank to you also bojed..sis mabel.. happy trade to baby shark and all dayang rebellions Fighters.. we fight when many was doubtful.. we stand when many fear to stand.. we know an every felldown will always come up.
let hear it some..
When the small things.. get lineup.. and work together.. they can effortlessly break.. the strongest structure..
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....
joyvest
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Posted by joyvest > 2020-04-30 11:10 | Report Abuse
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