From STAR BIZ news 10 stocks to watch in 2014 Updated: Saturday January 4, 2014 MYT 12:28:22 PM
Daya Materials Bhd
DAYA Materials Bhd was one of Bursa Malaysia’s outperformers last year. The stock was up 116% for 2013.
With an existing orderbook of RM1.5bil, there are possibilities for more contracts and record profits.
Daya created waves last year when it won two major charter contracts from Norway. The earnings from these contracts are set to be realised this year.
Executive vice-chairman and group CEO Datuk Mazlin Junid. Based on consensus estimates, Daya’s net profit is set to scale new highs of RM29mil (44% jump) for the year ended Dec 31, 2013 (FY13), RM43mil (47% increase) in FY14 and RM49mil (15% increase) in FY15, fuelled by its orderbook of RM1.5bil and an expanding fleet.
Over the last decade, Daya has been more focused on the downstream oil and gas (O&G) segment. It chugged along, growing organically until 2013, when it entered the offshore construction segment.
It formed Daya Offshore Construction Bhd (DOC) in September 2012. The arrival of vessels Siem Daya 1 and Siem Daya 2 proved to be Daya’s inflection point.
On Aug 16, Daya clinched a seven year charter contract from Technip for the provision of a subsea construction vessel. This project will run for 100 to 175 days per annum commencing in 2014 with an estimated value of RM250mil to RM440mil.
On Sept 3, Daya won again with Technip, when it secured another three-year contract for a period of 100 to 175 days with an estimated value of RM100mil to RM176mil.
For the nine months to Sept 30, 2013, Daya’s revenue jumped 110% to RM373mil and net profit increased 26.74% to RM18.9mil.
However, contributions from the North Sea are set to climb starting from the first quarter of 2014, as contributions from Siem Daya 1 and Siem Daya 2 kick in.
CIMB estimates that Daya’s revenue could further increase should Reach Energy Bhd, in which Daya has made an investment as an initial investor, acquire O&G assets overseas.
Reach Energy is set to become Malaysia’s fourth special purpose acquisition company once it gains the approval for a listing from the Securities Commission.
Catalysts:
- Record profits.
- Orderbook of RM1.5bil.
- Potential contract wins from Petronas and Norway.
- Listing of Reach Energy Bhd.
Risks
- Failure to deliver on its contracts and replenish orderbook.
DAYA is a fundamentally strong stock that should be in everyone's short; mid - long term portfolio. Expect at laest a 50% ROI by Dec 2014. It moves gradually, so be patient with ur investment
mike: Good luck and god bless on ur new job assignment on Monday. Thanks for all the help and guidance thus far in steering the good ole "Regain Ship' on its right course. Be in e-touch with this vessel, kapitan hepi and boarders, as we still need ur expertise and consultancy, perhaps now on an ad-hoc basis. We got 4,803 comments since 'christening' and launching this vessel. Not bad hah! Good luck bro
Yup, agree with BRO... Good luck sifu for the coming tough job... Support support support u at the back !!!!!!!!!!!! Haha... Even though I know nothing... :)
Wat ups with bro Mike? He is tighted with a new job next monday? Aiyu, Mike, im planning hard to get rid of being tightened by the office works n u wanna jump into career again. I tot u re an early retired trader. So boring to stay in the office. Ok, wish u all the best, bro. Dont forget bursa n your gangs, not forgetting your bro n sis here in i3.
bro mike, this is not a good news for member here on your new job....anyway wish you good luck and happy in new environment, and must always spare some times to visit us...hehe
Mike all the best been following your tips and made some pocket money. Thanks a million. I also remember you say " buy is easy but must know when to let go".
psd57. INARI-wa no more a safe bet after today. closing 1.40+exercise 0.38= 1.78 vs mother closing 1.76. that is to say starting next week share price will move on their own already( mother may up and son down or the other way round). so best is decide whether you wants to take profit next week(should be the highest). the moving to main board not necessary mean that the share price have to shoot. my views only,not sell/buy call. decision is all yours to make.
tuck2. happy that you have taken profit on inari-wa. you've learn the stock trading trick fast. you must be a happy man today for you already make the money that is rightfully yours. just follow your heart and you will be safe. good luck.
Hi Mike, I learned a lot from you since joined this ship not long ago. Thanks to you and hepi for the extra hard work to keep this ship alive and afloat. Yes, I am a happy man. Pls visit us from time to time.
Mike Bro! Thank You very much sharing your expertise in stocks past few weeks!... we learned many things from you but not enough...still need your expertise here and timely advise...Hope we will get some advise in future!. Any way all the best and good luck to you!. Keep in touch with us!
i am a new comer here in this ship, less then a week I pop in the ship, too bad that sifu Mike is leaving us. Many thanks to sifu mike especially all the advise given today on KNM, so valuable to me, many many thanks mike! I hope I can have more chance to learn from you. GOOD LUCK and All the best in your new job.
GHLSYS had on 12 February 2014 entered into a MOU with PT Peruri Digital Security (PDS) in Jakarta Indonesia in relation to the development & promotion of payment related business in Indonesia which includes micropayment systems, Internet Payment Gateway, payment & loyalty management systems & processing services, smart card & its security technologies & other electronic payment systems.
PDS is 100% owned by the Government Of Indonesia & it is the authorised printer of the Indonesian Rupiah & other security printing services such as stamps, passport, etc.
The MOU is in line with GHLSYS's strategy to expand into Indonesia being an important market in ASEAN.
hepi: Regarding takin the lead, I need to think about it. Not easy to fit into sifu mike's shoes. Responsibility is BIG. I need to discuss on how best to use mike's buy calls to benefit all of us. COORDINATION with all our fellow boarders is of utmost importance.
skpetro. DAYA will test resistant 0.435 coming monday if breakout will march towards 0.45/0.455. I doubt you can buy @ 0.425 monday opening but still can queue buy.
ronaldo96. sold inari@1.75 for wants to pick up 100kPELIKAN due 18/2/14.can buy and hold DAYA 0.425 if there is any coming monday;will cross 0.435 next week.
ronaldo96. are you still holding a lot of share. do make sure you take the profit if there is next week. foresee big correction coming soon on penny stock. market too hot and everyone seem making money. have you sell your pdz?
meena.market this few day very hot, seem everyone make money. so got to be careful in your trade last week of the month. foresee correction for penny counter(too high too fast). as for WELLCAL make your decision when approaching 4.00+. good luck
mikekong, i still hold PDZ, i sold my last batch of inari-wa at 1.77 which u ask to buy call since last month. Will take note to sell penny stock on hand next week.
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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....
Posted by hepitrade > 2014-01-02 18:04 | Report Abuse
What say you, bro & sis ?