this company got so many contract this year from Petronas, Sarawak Shell, thailand,..servicing all malaysia commercial aircraft,, ...really major player in OnG. .. this QR should be much better ..fruits from some of the contract sign early this year.
coming QR, we might be able to see revenue from 4 contracts that Destini signed in the early 2019, for tubular running service jobs in Thailand, Petrofac, Shell and Petronas. Revenue from aircraft maintenance for Malindo and Thai Lion, which started in April, should also appear.
As at Mar 2019, DESTINI’s secured order book stood at RM1.34bn, which may sustain the Group for the next three years = $ 400m/year = $ 100/qr. this one not include 3 new tubular handling project won in april and June from Petrofac, PAC and Carigali, and of coz the biggest one sure from Peronas on September.
..donno la why this counter keep on dropping, but opportunity to top up.
The Group registered a revenue of RM90.93 million for the current quarter under review or more than 100% increase compared to RM45.07million in the preceding quarter. The Group registered Profit after tax and non-controlling interests of RM0.69 million for the current quarter under review as compared to profit after tax and non-controlling interests at RM0.49 million in the preceding quarter.
Profit in current quarter increased due to higher contribution from manufacturing services and MRO services.
more to come under new development program for our arm forces..like it or not, only this company is entrusted to take security related jobs for government arm forces.
with revival of its aerospace job + lots of OnG jobs secured this year.... this company will soon become fantastic.
PP announcement well absorbed by investors...no more worries, except marvelous return from all the long term non-government related contract. ..Short term TP 30. cents.
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....
calvintaneng
56,627 posts
Posted by calvintaneng > 2019-11-19 21:40 |
Post removed.Why?