Perdana financial results lose RM262M Dayang hold Persona share 63.7%. That mean Dayang financial result will suffer RM161m from perdana loses. Expect Dayang Quarter report will suffer huge loses this week.
Sound scarry due to oversold but not so scarry afterall. Dayang hold 100% of DESB, 100% of Fortune & 100 % Dayang Enterprise. Perdana Petroleum only 64%. Stay cool and wait for results. Simply Wall assess Dayang as debt well manage & potential of earnings in oil & gas for the next 3 years.
Wow. Venfx 0.765 indeed hit. Impressive. I queued at 0.785 this morning cos 0.78 a major support. I always q a bit higher then major support. Anyway, it was just a very small position this morning. After the reversal, i believe Dayang gonna turn green today
Big players playing yo yo... Be careful ohh.. They still need to support 80cents for now as I believe their average cost for passed 3 days still very high. Let's see how they do magic.
Upgrade to OUTPERFORM (from MARKET PERFORM previously), with an unchanged TP of RM1.00 – pegged at 0.8x PBV, broadly in-line with 0.5SD discount from the stock’s mean valuation. Post results, we raised our FY22E earnings by 35%, while introducing new FY23E numbers. Kenanga Research
It is not weaker quarter…actually….these analysts don’t what they are talking about. It looks to me like an accounting error in good will valuation….revenue up quarter on quarter, other expenses massively up due to this valuation error or consequent revaluation
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hengtong
69 posts
Posted by hengtong > 2022-02-22 13:24 | Report Abuse
More like fraud to me. Most oil & gas companies made profits last year.