actually the drop is partially due to the MH370 incident, should hit the ground soon... it has the potential to grow, just give it 2Q and it will back to at least 40sen
Tuna Trader-its very hard advising whether to buy to average down as it is not our own money.It depends on u and u alone can make this decision.If u believe Daya can go up and u can hold for long term,then average down.If not then u can decide to cut loss.
it is still too early to say 0.37 is achievable in short term. the rebound is just because of its in oversold situation. overall, its still in a weak position based on its TA which shown. the rebound is not support strong enough by its volume.
private placement is 10% discount of 5 days average of the price so LOGIC if daya wants money work buying vessel they will need higher private placement price....who will let it suffer if up till 0.40 at least private placement will be 0.36 ....director also buy at 0.42 before it drop ....company also destroy Treasury share .....sure up ....also something to note although they make loss because of cost run BUT REVENUE is really up ....so given time with same revenue and growing it will be up up up and away
aunloke - For now which is a better buy - Inari or Fitters ? 11/03/2014 21:38
Abudance - U want slow train or fast train? 11/03/2014 23:34
brendonyeap - We want a safe train. 12/03/2014 06:57
aunloke - Then take Fitters. 12/03/2014 08:32
eugene724 - they accumulating because of the dividend (ex-date 17.03.2014) 12/03/2014 13:37
midtermtrader - yup. dividend will go back to the company while share price is going up. 12/03/2014 15:59
brendonyeap - Should i buy more now? 12/03/2014 18:52
Voon Choon Foo - interesting to see hong leong bank give target price for fitter.. lol...
Trading Idea
FITTERS: Set fire to the share price after the completion of Cup & Handle formation
§ A strong signal of the uptrend continuation is substantiated by the long-term downtrend breakout on weekly chart. Further upside targets are RM0.905 and RM0.93 (2 Feb 12), with long term target price of RM1.03 (measuring objective of C & H). Immediate support is RM0.85 (10 Mar low) and RM0.825. Cut loss at RM0.815.
It would be around the range of 0.33 - 0.35 for a period. The buyer chose to stay sideline and wait for the best buy in price, while the seller is opting for the best selling price with huge quantity on hand yet to sell off. Interesting....
look at sona >>>>making lost >>> No expertise but prices is above 0.50 and warrant also ??? Just think about it a proven company with increase in Sales >>>>sure will be up
Lolzz..... Bobby is actually comparing with a SPAC counter...... Bobby, my advise is, compare apple with apple....
SPAC (SONA and CLIQ) counter do not have revenue/business yet, is worldly different from DAYA who are on a DIFFERENT channel.. How can they have Profit???? Get your fact right.
Kontrak di sungai besi @building residential projek for developer is way behind jadual plus COST OVER RUN. Kawan kawan do not believe me but go and check out and 110% you mesti JUAL DAYA.
baca teliti the story IOI mall in putrajaya was terminated, undersea cost over run, sungai besi projek COST overrun. Analyst reports semua OVERATED becost daya MD wife linkage to all investment banks. u help me I help u laaaa.
generally the market sentiment is weak due to the missing plane..don't have to call ppl otak cair...everyone have their rights on their opinion and sure forummers here are also educated..and not just based my opinion
.5 billion contract backed by Daya Group's low valuation small is beautiful
Finance and economicsStock market13 Mar 2014 23:15 Share on facebook Share on twitter
Forward Print Font: (KUALA LUMPUR) Daya Group (DAYA, 0091, the main board of trade) holds 1.5 billion ringgit contract orders backed by the earlier round of price decline, brokers believe the stock to be undervalued, the risk of exposure to high Investors can buy this "small is beautiful" oil and gas stocks.
Hong Leong Investment Bank Research noted Daya Group is a small integrated oil and gas industry, providing offshore and onshore services, but also investment in Section 4 of the acquisition of special purpose company (SPAC), namely Reach energy companies, can be said that "small is beautiful "industry.
Daya Group holding 1.5 billion ringgit orders and plans to bid for 600 million ringgit oil and gas, as well as 400 million technical services programs.
Technical rebound
According to market forecasts, the company's 2014 and 2015 fiscal year forecast PE ratio, respectively, 12 times and 15 times, compared with Hong Leong Investment Bank Research oil and gas stocks tracked PE ratio ranged from 14 times to 18 times. Hong Leong Investment Bank Research therefore believe that the stock undervalued.
Daya Group shares Feb. 52-week high of 40.5 cents, compared with yesterday's closing price of 31.5 cents, has dropped 31%. After a round of decline, Hong Leong Investment Bank study pointed out that the early signs of a technical rebound has occurred.
Taking these factors, the bank believes that the investors are willing to take risks, to approach the 33.5 cents. This is because, with a target price of 33.5 cents compared to 40 cents, and 19.5% upside.
Daya Group opened 34 cents, from 0.5 cents to 33 cents recently down 0.5 cents at 33.5 cents hanging closed without landing; half-day trading volume of 8,723,100 shares.
When closing, the unit reported flat 33.5 cents, volume 15,058,400 shares.
Dun forget , Petronas still have 150 billion capex OG contracts havent relearse to OG campany. this rm150bn capex OG contracts will be giv by 2014-2015.
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Posted by cipapo > 2014-03-12 09:31 | Report Abuse
no...issue stop loss...u only increase the losses because its on a down trend...