thread from Ipoh Forum: Our BUY call for Daya is buoyed by its:
1) Vision of becoming top O&G player in domestic market together with a target of RM1billion in turnover by 2015.
2) Huge outstanding order book of RM1.3bn and will continue to benefit from the positive earnings outlook in local O&G activities.
Recommendation: - .We like Daya for its huge outstanding order book of RM1.3bn which is 5x of its market cap. Despite the huge orders in hand, the management is still pushing for aggressive expansion. Although its current gearing is low, the burden on more contracts will have to be funded by more capital. Investors looking for “cheap” share and trading at reasonable valuation yet has huge potential, Daya is a good choice.
BLUECHIP- How bad is the recent negative impact on MOU issue? Has this issue caused the candlelight to look bad which actually going to challenge soon avalanche. So how? Should I sell all?
Rizal Prk- It is never easy to depress price in forum as forum is cater to small fish. News & Analyst reports can only sometimes provide minimal price movement. It is still subject to big fish and mass market confident. My opinion only
The following is my own analysis on Daya share price movement:
Daya has turned weak in short term as its share price cut 5 &10 days Moving Average (MA) from above, this is the weakness sign for short term trading.
As for medium term, its share price marginally above the 30 days MA but well above 60 days MA.
This share must be held for medium term (about a month I guess) and must stay above 0.375. If this level broken, the share price may drop to 0.363. It has to stay above 0.385 in order to continue the bullish sign.
yes, another positive step taken by the management.
MEMORANDUM OF UNDERSTANDING DAYA MATERIALS BERHAD (“DMB”) MEMORANDUM OF UNDERSTANDING (“MOU") BETWEEN DAYA PETROLEUM VENTURES SDN BHD (“DPV”), A SUBSIDIARY OF DMB AND KAZARIAH ENERGY LLP (“KAZARIAH”)
DAYA MATERIALS BERHAD
Type Announcement Subject MEMORANDUM OF UNDERSTANDING Description DAYA MATERIALS BERHAD (“DMB”) MEMORANDUM OF UNDERSTANDING (“MOU") BETWEEN DAYA PETROLEUM VENTURES SDN BHD (“DPV”), A SUBSIDIARY OF DMB AND KAZARIAH ENERGY LLP (“KAZARIAH”)
The Board of Directors of DMB ("Board") is pleased to announce that DMB, has on 31 December 2013 entered into a MOU with Kazariah. The purpose of the MOU is to record the preliminary intentions and understanding between DPV and Kazariah with respect to the supply of oilfield products and services and subsea engineering services to the Oil & Gas industry in Kazakhstan (“the Business”) and the establishment and on-going development of a suitable vehicle to carry out the Business, by utilising each respective resources, knowledge and expertise.
Kazariah is involved in the provision of technical services and products to various clients in the marine and offshore industry. Kazariah has the technical know-how and track record to provide such technical services and products to the Oil & Gas industry in Kazakhstan.
None of the Directors and/or major shareholders of DMB and/or persons connected to the Directors and/or major shareholders of DMB have any interest, direct or indirect, in the MOU or the project.
Further announcements on this proposed transaction will be made at the appropriate time.
if im you, i will hold. Cause this stock has been traded @0.365-0.40 and doesnt show much sign of going down. The problem of this stock(for me) is , it is too overvalued... traded @ pe2x, D.Y<1%, EPS low.. Good sign is showing growth. If you dont mind to keep your cash in a bank which offers a low interest rate, it's good to hold for long term. You need to be very patience. Anyway, decision is your decide it yourself.
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....
newbie91
396 posts
Posted by newbie91 > 2013-12-24 11:26 | Report Abuse
wat is that?