It's Friday ... Usual profit taking. See what happens in the afternoon after contra players gone. Monday maybe shoot up again. Though fund manager say 45 sen is Fair value, I think 35 sen TP is not hard to achieve. User, when dividend ex and when pay dividend, pls? Thanks
Sold 10 % at 30.5 & 31. now dark cloud cover. Try to trade.Should go down more tomorrow. Hope down a bit only .For those who want to sell may get 30.5 to 31 tomorrow early morning & buy back at 27-28 later,hopefully possible..if it can maintain 28-30 next few weeks ,great. then just wait for announcement for 2nd quarter profit end Aug or contracts from O&G (Siem Daya I)for further upside. I feel TP .45 reasonable. Even at that price still very cheap O&G COUNTER. Price archiveable by year end. 31-32 cts resistance seems great for the moment.
yesterday's up is definitely because of Hwang DBS comprehensive/excellent report on Daya. Not because of SPAC yet.if 2nd & 3rd quarter earnings within expection may touch .45 and maybe $1 one to 2 years down the road.
judging from the off market block transfer at 0.26 - 0.28,it is possible something big is coming.either the 2nd qtr result is very good or the contract out for Siam Daya 1.either way,the price is definitely going up.
@keyin, I am watching, I don't have a set TP. I believe .35 shouldn't be a problem within 19 trading days depending on market sentiment; but how soon it goes to HWDBS TP your guess is as good as mine. Do watch and evaluate. Make your own judgement ok?
Daya would not break out again in next few days. Why will it break out to to let contra players at t+3 to make money, Those who have been discussing /holding daya at 20-23 you deserve to make your money. Those who want to make 2-3 cts from daya from trading can sell & buy back later.The market is out to squeeze your money & not to reward you for your brave on slaught. Only patience, & high probablity bets will turn out to be winners.
I am sure the surge is due to Siem Daya 1 charter which might have been confirmed as DMB will definitely not charter Siem Daya 1 for USD115 mil for 5 yrs with a 2 yr extension if it is not confident of chartering out.it will be for North Sea charter.just wait for the announcement.the price will not go down from 0.30.
@candlepower,i think it is not worth to made 2-3cts as the potential to surge above 0.30 cts is far greater as one might not catch the right price.looking at the volume at 0.23 to 0.265,the big boys have accumulated a lot and still accumulating at 0.265 to 0.28/0.30 as I am sure the 2 qtr result will be very good and the chartering of Siem Daya 1 will push the price higher without the big boys doing the pushing.
Dear Daryltkt, I hope you are right , as I sold only 10 %. my friend who always trade, advise me to sell first and buy back later. Like daya at 27-28, and close back at 25. Could have make 2-3 cts. Imagine how diffficult it was for daya to climb to 23 from from 20. everyone was complaining,say do not buy daya,crawling with 0.5 to 1 cts gain. I like daya and Hwang DBS summary of daya.Basically i like growth stock and not interested in 10-15% gain. I want a 1-3 bagger,even if i hold for 1-2 years.However a 10 % gain 3-4 times before the 2 years, is also a lot of money,and make a great difference if there is a crash later. I believe Daya is more likely to drop than to maintain or go up next week ( with Hari Raya). Need to monitor buying strength on Monday before decide on further selling, with the intention of buying back later. I believe daya will up 100 % a day from the 20-23 cts one day, say when it has breached 60cts-$1 mark. It would have up 20+ percent of that current price. Then i will sell all & look at what someone mentioned NOVA MSC.That's how the market works, I think. Because 2 years down the road, earnings may up 4 times , and so will price.
Daya went down to 0.25 because of the downgrade by Fitch and not because of Daya itself.It will not go lower than this price.Now Daya has many good news coming,charter out of Siem Daya 1,possible new vessel purchase or charter,qtr 2 result which shld be good as the oil recovery profit is taken in the 2nd qtr,SPAC.I believe it will not go lower than 0.30 today or this week.The charter out of Siem Daya 1 announcement shld push the price higher.
Based on Hwang DBS's reseach Daya has a TP of 0.45 due to its cheap PE and it great potential. So even it hits 0.36 it still has about 30% upside. Thus it should still be considered a cheap stock compare to other O n G counters. Don't forget its siem daya 1 arrives on Aug 1st and any contract for it will warrant further rerating ( does it mean its TP should > 0.45) http://www.theedgemalaysia.com/business-news/248572-stock-focus-daya-rises-to-near-4-yr-high-seen-as-next-oag-play.html
now 33.5. Surprise and great if it can rally again today.Luckily did not sell so much. 2nd quarter earnings may exceed HdBS expectations. 0.80 new target price coming
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....
Abudance
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Posted by Abudance > 2013-08-02 12:44 | Report Abuse
It's Friday ... Usual profit taking. See what happens in the afternoon after contra players gone. Monday maybe shoot up again. Though fund manager say 45 sen is Fair value, I think 35 sen TP is not hard to achieve.
User, when dividend ex and when pay dividend, pls? Thanks