haha, shorting kaki also can make 3.2 million from a stock which has been moving up consistently in the last 5 years.

probablity , congratulaion. Excellent return. Enjoy your good weekend.

Dayang is the most volatile stock I have ever invested in my 20 years investment history . Within 8 months , it can swing up 100 % ,down 50 % from the peak and swing back more than 100 % from the low . It is not for the faint hearted . You need very strong conviction on the fundamentals of the company . Otherwise , you will be " eaten " by the big fish . Many perished during the May and June period after the Right Issue announcement and bad QOQ but good yoy Q1 result . It was considered as bad news then . Today these same news are considered as good news .

Dayang skyrocketed to 1.97 yesterday , almost touching the 2.00 tgt . I am happy with the 8 months waiting despite the roller coaster price fluctuations . Although the price has hit my personal investment target, I do regret for selling some earlier. I will hold my balance till the 3rd qtr result which is expected to be better than last year corresponding qtr . Besides KYY 's promotion on dayang , there are 3 more IBs namely Kenanga, HLI and Rakuten promoting and upgrading Dayang .I think more IBs ( Public Invest and MIDF ?) will come up promoting dayang .

Finally , KYY and the 2 abang.adik Analysts are on the same page with target price of 2.00.Pity those who sold.their dayang shares at below
1.25 when these 2 analysts down graded dayang.to 80 sen on 24th May and did not buy back.at the lows of less than 90s. For.those who hold on to their shares despite the downgrades and bought more at below 1.25 are laughing all the ways to the bank.

Cheoky, Dividend is not the sole criteria on whether a stock.should move up or down. In fact ,divided yield is not as imprtant.as growth rate , cash flow.anf PE relatively. Penta did not give a single sen of dividend for the last 10 years but its share price.has.gone up 50x. Can you figure out why?

teoct, I m fine . have a nice weekend too.

After about 6 months of promoting dayang , I hope both me and Teoct are proven right with our FA . During the months in March , April , May and June, very few belived what we said when almost all analysts had downgraded the tgt prices to less than 90 sen after Q1 result was announced. Today analysts had tgt prices between 1.45 to 1.65. With the new 15 months contract plus better charter rates, I expect upward re rating by analysts soon. The dayang prices in the last few days are up trend with high volume. I think it will break the next resistance.

Today 3 IBs upgraded dayang tgt.prices based on Q2 excellent results. MIDF and HL new tgt prices are 1.70 and 1.65 respectively and maintain BUY call. Kenanga new tgt.price is 1.45

The last 2 qtrs yoy improvement in.eps has made the 4 qtrs rolling.eps from 17 sen to 20 sen now. With the last closing.of 1.49 ,dayang PE Ratio is only 7.28. The IB s upgraded dayang PE from 10 to 12 in their last reports due continuous and consistent yoy provements.Even you assume no yoy impovement in Q3 and Q4 results, the total eps for 2019 will be 20 sen.

This Q2 result is the best ever Q2 . The yoy eps improvement of 41 % is not that surprising after the 2 IB s projected a 18 % improvement for 2019 compared with 2018. Coupled with big yoy improvement for the last Q1 result, dayang is set to continue with yoy improvement in Q3 after a 6 qtrs continuous and consecutive yoy improvements .For those who had bought dayang at about.90.sen ,it will be a 60 to 70 % return within 3 months.

investor2862 , agree with you . For a stock to correct more than 30 %, there must be an adverse factor . There isnt such factor for dayang

Force ,there was a big correction after it reached 1.44. The correction lasted many days. It hit 1.35 .I almost mistaken he correction as reversal when there was a doji plus more shooting stars.

very bullish with high volume. 8 millions transacted within 30 mins

rr88 were wrong again .He had mistaken a correction in uptrend as reversal.

Coolie is right. The cup and handle pattern is confirmed. The breakout will be very bullish.

VM Wong ,are you white skin?Why you look down on Chinese? Didnt the Chinese invented paper ,porcelain,compass and gunpowder plus many others? Do you think the whites in the west are more superior? Using your warped logic,can I say that if not because of the above inventions , the west do not know how to navigate without compass,the west still use metal currency instead of papers,the west do not have firearms.

VM Wong ,the per capita income of HK is US 50k while for Singapore it is 64k in 2018. As for Malaysia it is 11k. Shenzen with a population of 20 million is about 30k. Despite HK per capital of about 4.5x of Malaysia. I dont envy th because the house price is 10x of malaysia.If the Hongkees were to enjoy a condo of just 1000sq ft, they have to pay about 5 million HK dollars.Their whole life salary will be.spent on just housing alone.

I like the Cold Eye 5 metrics in evaluating a stock . I believe that using these 5 metrics to screen the stock to purchase will help you from making serious mistakes in investing . The past records must be at least 5 years . IF the stock has 10 years data then much better . With information readily available nowadays , you dont expect to buy such good stocks with " cheap " prices . As long as you can purchase such stocks which pass the 5 criteria with " reasonable prices , I believe getting an annual 15 % return is possible . As what Charlie Munger said , it is better to buy good stocks with reasonable prices than to buy a mediocre stock with cheap prices .

Hongkong can also emulate Malaysian housing policy by forcing developers to build low cost or affordable housing which is socialist in nature . The not so competent and not so smart poors are always at the disadvantaged in the capitalist system which favours the survival of the fittest . Only the Capitalist with Socialist Characteristics system will help the majority of hongkees . Demanding for democracy from China at this moment is the stupidiest when the British had never practised democracy for 155 years during their coloniation . At least the current government cabinets were elected from Hongkong citizens . During the British rule , only British can be the chief for Hongkong . The chief was also appointed not elected .

The young hongkong protesters were being fooled and used by the opposition politicians and the media . The majority of young hongkees are " poor " relatively in the sense that getting a roof is almost impossible . A 280 sq.ft " studio unit " cost about HK 1.5 million . This is more than HK5000 per sq.ft. The rich Chinese excercabated the problem by buying the Hongkong properties in the last few years .These young students do not understand that the current Hongkong problem is caused by the "over capitalist " system inherited from the British . Hongkong housing policy need to be revamped . The Hongkong government should emaluate SIngapore housing policy . Impose heavy taxes on foreigners buying HK property. Start equivalent non profit HDB housing . Implement NTUC fair price for sundry goods. These are Socialist system which help the poorer masses . Unfortunately China do not have " socialist " housing system like what Singapore did . Housing in the top tier cities like Beijing , Shanghai, Guanzhou, Shenzen are also beyound reached from the working middle class. In this sense , Singapore are more socialist than China .

Probability, same to you，huat liao. patience and good understanding.of dayang fundamentals pays off

teoct, I totally agee with you. The way the article put it like dayang needs financial help from.perana when actually it is the other way round. A big chunk (455 million )of the 685 million sukuk is to be advanced to perdana so that perdana can pay off its debt.

Tee Tom, thanks for pointing.out . Yes, Datuk Amar Hamid Bugo is a different person from Datuk Amar Hamed Sapawi.

teoct , thanks again for coming up with such a comprehensive article on dayang business and future potential . The competitive studies showed that dayang has an obvious edge over the other 2 competitors .

Pls look at the details of the newly.founded Petros (Petroleum Sarawak Bhd), you.can notice who are the key persons in the company and.Datuk Amar name is listed . I supposed Datuk can play a key and influencial roles in getting.more businesses for.dayang.

Probability, I think it.will be disclosed soon. Naim, a listed company must make public the amount sold . This is in compliance with SC requirement on transparency.

Datuk Amar , a sarawak tycoon acquired the entire 26.42% of dayang from Naim of which he own 6.5 % and
also the chairman. Datuk must be seeing the great long term potential of dayang which has its base in.sarawak. Kyy also started to promote dayang again after a two month silence on dayang. Both news are considred positive news on.dayang. Hopefully these are the catalyst to propel dayang to its real value.

Ricky , Dividend yield is not the selling point . I did not sell dayang because of 5 to 10 sens dividend . Dayang has not been paying dividend for the past 3 years since it acquired Perdana with huge borrowings . It need to put the priority to repay the debt first before it can start to pay dividend .

Ricky, I am comparing the revenues ,earning per shares and nett cash generated for the year 2009 and 2019 and estimate the average growth rate for each of them respectively . Is there any thing wrong on facts . I am happy to hear your comments . I got my facts from KLSE screener which has linked to Bursa quarterly financial report .

rr88, there is a difference between correction verses reversal. Dont misjudge a price correcton of a few minutes or even a few hrs as reversal. A reversal usually need an assignable cause like bad news, poor results, IB downgrades . Correctins are natural movements without any assignable causes.Dont be too panicky.

How I use a quick approximation method in arriving at the growth rate of 15 % and 20 % for dayang revenue/ earning and nett cash flow.

Dayang revenue , earning and nett cash generated were 198 , 38 and 50 million respectively in 2009.

Dayang revenue , earning and nett cash generated were 937 million , 164 million and 293 million respectively in 2019.

The revenue and earnings has grown more than 4 x in 10 years . Using the golden 72 rule, the growth rate is approximated at 15 % since both revenue and earnings more than doubled in 5 years.
The nett free cash generated has grown more than 6 x . THis is approximated at 20 % growth per year assuming the nett cash generated is doubled in slightly less than 4 years . THe 72 rule give an average growth rate of slightly more than 18 % per year .

Can Dayang meet the Cold Eye 5 " golden rules " in stock selection as follows ?
1. Revenue and earning Growth
Dayang has more than 15 % growth per year in both revenue and earning.

2 Cash Flow
Dayang has excellent cash flow . In fact the nett cash flow per share is higher than earning per share . This is due to high impairment lost plus depreciation (paper lost ). THe nett cash generated per share has more than 20 % growth per year on average .

3. Price Earning Ratio
The PE is at of 7.56 at yesterday price of 1.42

4. Return of Equity

The ROE is at 16.33

5. Dividend yield

Dayang has been paying dividend of 5 to 10 sen per share per year.
It stopped paying dividend after it acquired Perdana in 2015 .

In my opinion, dayang met the top 4 criteria except the 5th dividend yield . I believe dayang will start paying dividend once it settle its debt issue with the excellent free cash generated plus the debt restructuring excercise .

After the London Biscuits illiquid Fiasco , more investors are looking at Cash Flow as one of the most important factors in stock selection . Cash Flow ranked the second most important factor in Cold Eye stock selection . Dayang has superb positive nett cash flow in the last 3 years . The operation generated an average of 25 sen per share of FCF during the last 3 years . In the latest Q1 2019 alone , the nett cash generated is a whopping 88 million despite Q1 being a monsoon qtr. This is equivalent to 9 sen per share . It looks like Dayang is set to repeat or even surpass 2018 nett cash generation of 293 million or more than 30 sen per share .

teoct , good question on why HLI and Kenanga becomes so bullish on dayang in the last 3 weeks . In their write ups , they have given the reasons why they upgraded the stocks to RM 1.49 and 1.30 respectively . One reason which is not in their report is the potential huge demand on decommisioning work moving forward . Based on OUB Kay Hin Research , many petronas oil offshore platforms are already more than 40 years . These old platforms need to be dismantled and removed .It was estimated that 50,40 and 60 well and platforms need to be dismantled in 2019,2020 and 2021 . The decommisionning works worth a few billions . Dayang and Perdana will be the beneficiary . This new additional potential revenues will further boost up the financial performances of dayang in the next 3 years on top of the more than 3 billion order books . I expect MIDF and Public Bank Investment will follow suit with upgrades from their earlier target of rm 1.30 and 1.25 respectively two months ago.

teo, both HLI and kenanga become very bullish since 3 weeks ago. Both upgraded dayang from the low of rm 0.8 to 1.49 and 1.35 respectively. You are right that the 1.49 is not in.HLI latest article. Instead, the table showed 1.73 as long term tgt price.

teoct, small correction ,it should read as 马股第三季靠四大主题突圍

Teoct, the.article was in Sin Chew and also in.klse screener. The article is in Chinese under the heading 贸易戰英脱欧未解,马股第三季靠回大至题突圍。

Hong Leong Invest had just came out with an article about which industry to invest in 2019 Q3. Dayang is one of the choice investment with a long term target price of 1.73.

KC had highlited the importance of looking at the Free Cash Flow of a company earlier in his article comparing Dayang and Eversendai. THe old sifu Cold Eye had also listed Cash Flow as the second most important criteria in his book on stock selection . The first criteria is growth , second cash flow , third PE , fourth Dividend Yield and last fifth ROE . We can all learn from these sifus who had seen the best and the worst in stock markets . As we progress in our journey in stock investments , we do get burnt once in a while . This is life . Sometime we do need to learn the hard way .

I , my family members plus relatives have been.accumulating mfcb and its warrants since 2 years ago. Public bank has been promoting mfcb snce 2015 when mfcb is below 2.00 and at a very low pofile. Public bank has been upgrading the target prices since then to rm 5.00.

wow,HL upgraded dayang again from target price of 1.26 to 1.49 within two weeks .This is the highest target price since kenanga upgraded the target price from rm 0.80 to 1.35 less than a week ago.

KC ,thanks again for the good article highliting and reminding investors of the danger of merely looking at earning per share without looking at the details especially the FCF. I lost 60k about 15 years ago on megan media. The story.is almost the same as London.Biscuits. Megan reported improving eps every qtrs but its receivables almost went up every qtr. Then one day megan went into liquidity problem. Finally,it went bust. During investigation ,it was found that the customer which did not pay megan is related to megan director.

KC ,thanks again for the good article highliting and reminding investors of the danger of merely looking at earning per share without looking at the details especially the FCF. I lost 60k about 15 years ago on megan media. The story.is almost the same as London.Biscuits. Megan reported improving eps every qtrs but its receivables almost went up every qtr. Then one day megan went into liquidity problem. Finally,it went bust. During investigation ,it was found that the customer which did not pay megan is related to megan director.

On long term vision for the country, Mahathir is no match compared with Lee Kuan yew. Lee's policy on singaporean singapore ,education, meritocracy and non tolerance of corruption has made singapore a world of difference.

rr88, you predicted dayang will go down to below RM 1.00 but did not predict that Dayang will rebound more than 50 % from the lows of less than 90 sen to the current RM 1.36. That is why you did not buy at below 90 sen because you keep thinking it will go down further . I did not predict that dayang will go so low because I think dayang is worth more than that . That is why I bought 300k at 90 sen and knowing well that it will rebound to its " intrinsic value" . To me , at 90 sen , it is a jumbo sale because I know the value of the product. To you , you expect a bigger jumbo sale which did not come because you do not know the value of the product.

Both Kenanga and HLG had upgraded Dayang from RM 0.80 to 1.35 and RM 1.26 respectively premised on the expected good earnings for the coming Q2 and also for the whole year . Both Analysts forecasted better earnings ( 16 to 18 % upgrade) for 2019 and 2020. Based on their reports , the upgrades attribute to good replenishments of order book, better margins from new work orders and also better vessels utilisation for Perdana . A month ago , MIDF and Public Bank had set a tgt price of RM 1.25 and RM 1.35 respectively while HLG and Kenanga set a tgt price of only RM 0.8 when the first qtr result was out. We expect Public Bank and MIDF to also do an upgrade soon based on a number of good news from both Dayang and Perdana . All the four IBs are positive with Dayang .

It is crystal clear that Xi won the first round of trade war initiated by Trump. Trump learned a hard lesson this time . He underestimated the determination and "dare to fight" till the end attitude of Xi . China had repeatedly told TRump that " China do not want trade war , not afraid of trade war and will fight to the end if US insist to have trade war . Xi had repeatedly told TRump that if US cooperate with China , then both will benefits , if US choose to have conflict and confrontation with China ,then both will lose . Trump did not listen but had to learn the hard way when US farmers suffered the most and more than 600 US companies complained to the US Commerce department requesting US government to stop the trade war . Will TRump dare to start another 2nd round of trade war ? Unless he is stupid , he should have just backed off if he had any wisdom left .

Xi reminded Trump that if both US and China cooperates ,then both sides will benefit whereas if both sides are in confrontation or conflicts , both will lose . China is looking forward to have a good and cooperative relationship between the two countries . US had underestimated the Chinese and thought that it can bulldoze through with its agenda like what they had done to other countries like Japan, Middle East and even Russia. THe protests by its own farmers and the 600 plus companies headed by Walmart, Apple, Google , Qualcom, Intel ,Microsoft etc sent a clear message to Trump that trade war against China are hurting them . THe panicky Trump had to quickly do a damage control by taking the first initiave to call up Xi to have a meeting with Xi. The softening tone of Trump during the meeting with Xi showed that Trump has to put up a reverse gear .

THe latest meeting in OSAKA between Xi and Trump was considered a success .Trump said no new tariff will be imposed on Chinese goods to US
Xi said will buy much more soya beans and other agricultural products from US immediately.
Both sides will resume trade talks .
Xi asked US to have fair and equal treatments on Chinese students and Chinese Enterprise.
The above are considered goods news to world trade and business . We expect next Monday to have positive impacts on stock markets and oil prices .