Posted by Victor Yong > 2020-11-09 14:51 | Report Abuse

Date Range Close Volume
06/11/2020 0.775 - 0.785 0.78 4,118,800
05/11/2020 0.765 - 0.80 0.785 11,984,600
04/11/2020 0.77 - 0.82 0.775 5,795,800
03/11/2020 0.765 - 0.79 0.765 3,186,400
02/11/2020 0.73 - 0.76 0.76 2,447,000
30/10/2020 0.74 - 0.785 0.75 6,506,200
28/10/2020 0.785 - 0.805 0.785 2,537,800
27/10/2020 0.795 - 0.815 0.80 4,798,800
26/10/2020 0.805 - 0.835 0.805 2,791,700
23/10/2020 0.83 - 0.865 0.835 2,429,900
22/10/2020 0.84 - 0.885 0.85 4,435,600
21/10/2020 0.82 - 0.885 0.865 9,405,100
20/10/2020 0.835 - 0.855 0.84 3,524,700
19/10/2020 0.85 - 0.87 0.855 3,578,700
16/10/2020 0.86 - 0.895 0.87 4,894,000
15/10/2020 0.885 - 0.90 0.885 3,434,200
14/10/2020 0.88 - 0.90 0.885 3,844,800
13/10/2020 0.88 - 0.905 0.90 2,909,400
12/10/2020 0.895 - 0.915 0.895

Posted by Victor Yong > 2020-11-09 14:56 | Report Abuse

Naim is the largest shareholder of dayang.

Datuk Hasmi Bin Hasnan
Executive Chairman

imgDatuk Hasmi Bin Hasnan, aged 65, was appointed Executive Chairman of Dayang Enterprise Holdings Bhd on 1 September 2018.

He graduated with a BSc in Estate Management from the London South Bank University, UK in 1978. He is a Senior Certified Valuer with International Real Estate Institute, USA and a member of International Real Estate Federation (FIABCI).

He began his career in 1979 as a valuer in the Land and Survey Department of Sarawak. Since 1982, he has been involved in a wide range of businesses, including valuation, project management, property development and management, construction, timber, manufacturing, trading and publishing. In June 1993, he was appointed the Managing Director of Naim Land Sdn Bhd and in July 2003, he became the Managing Director of Naim Holdings Berhad and has since been the main driving force behind Naim Group's growth and expansion. He was awarded the Property Man of the Year for 2008 by the International Real Estate Federation (FIABCI) in Kuala Lumpur.

He is a Non-Independent Non-Executive Director in Perdana Petroleum Berhad.

Posted by Victor Yong > 2020-11-09 15:00 | Report Abuse

SUBSTANTIAL SHAREHOLDERS No. Name
1. Naim Holdings Bhd
2. Datuk Ling Suk Kiong
3. Urusharta Jamaah Sdn Bhd
4. Tengku Dato’ Yusof Bin Tengku
Ahmad Shahruddin
5. Vogue Empire Sdn Bhd
6. Joe Ling Siew Loung @ Lin Shou Long
7. Datuk Hasmi Bin Hasnan
8. Datin Wong Siew Hong
9. Datuk Amar Abdul Hamed Bin Haji Sepawi
Notes:
Dayang Enterprise Holdings Bhd
(a)
(b) (c) (d)
in the Company pursuant to
No. Name
1. CIMSEC Nominees (Tempatan) Sdn Bhd CIMB For Naim Holdings Berhad (PB)
2. Naim Holdings Berhad
3. Citigroup Nominees (Tempatan) Sdn Bhd Urusharta Jamaah Sdn Bhd
4. Tengku Dato’ Yusof Bin Tengku Ahmad Shahruddin
5. Datuk Ling Suk Kiong
6. Naim Holdings Berhad
7. Vogue Empire Sdn Bhd
8. Kenanga Nominees (Tempatan) Sdn Bhd Datuk Ling Suk Kiong
9. Vogue Empire Sdn Bhd
10. Kenanga Nominees (Tempatan) Sdn Bhd Joe Ling Siew Loung @ Lin Shou Long
11. Joe Ling Siew Loung @ Lin Shou Long
12. HSBC Nominees (Asing) Sdn Bhd
Exempt An For Morgan Stanley & Co. LLC (Client)
No of shares held
145,114,147
90,737,300 84,004,360
62,630,160 48,789,763 44,550,000 32,718,187 31,790,000
28,500,000 23,180,520
19,593,750 17,513,200
%
13.673
8.549 7.915
5.901 4.597 4.197 3.082 2.995
2.685 2.184
1.846 1.650

Posted by Victor Yong > 2020-11-09 15:01 | Report Abuse

Naim the controlling shareholder

Posted by Victor Yong > 2020-11-09 15:18 | Report Abuse

Brent Oil Futures Historical Data
Time Frame:

Monthly
11/20/2018 - 11/09/2020

Date Price Open High Low Vol. Change %
Nov 20 40.44 37.22 41.52 35.76 255.44K 7.96%
Oct 20 37.46 42.20 43.57 36.80 20.19K -8.52%
Sep 20 40.95 45.57 46.21 39.31 19.38K -9.56%
Aug 20 45.28 43.61 46.53 42.89 174.31K 4.57%
Jul 20 43.30 41.47 44.88 41.02 14.42K 5.22%
Jun 20 41.15 37.67 43.94 37.00 12.60K 9.27%
May 20 37.66 26.98 38.30 25.50 14.71K 94.83%
Apr 20 19.33 26.00 36.40 15.98 637.21K -15.00%
Mar 20 22.74 48.95 53.90 21.65 7.36M -54.99%
Feb 20 50.52 56.16 60.00 50.05 5.27M -13.14%
Jan 20 58.16 66.41 71.75 57.71 5.80M -11.88%
Dec 19 66.00 60.73 68.99 60.30 4.45M 5.72%
Nov 19 62.43 59.45 64.60 59.40 4.79M 3.65%
Oct 19 60.23 59.38 62.34 56.15 5.61M -0.90%
Sep 19 60.78 58.80 71.95 57.23 5.63M 0.58%
Aug 19 60.43 64.09 64.54 55.88 5.98M -7.27%
Jul 19 65.17 65.05 67.65 61.29 5.71M -2.07%
Jun 19 66.55 61.64 66.85 59.45 5.70M 3.19%
May 19 64.49 71.73 73.40 64.37 6.13M -11.41%
Apr 19 72.80 67.58 75.60 67.58 5.49M 6.45%
Mar 19 68.39 66.48 68.89 64.02 4.84M 3.57%
Feb 19 66.03 61.06 67.73 60.46 4.55M 6.69%
Jan 19 61.89 54.12 63.15 52.51 5.48M 15.04%
Dec 18 53.80 59.98 63.73 49.93 4.73M -8.36%
Highest: 75.60 Lowest: 15.98 Difference: 59.62 Average: 52.75 Change %: -31.12

Posted by Victor Yong > 2020-11-09 15:18 | Report Abuse

Brent Oil Futures - Jan 21 (BF1)

Real-time derived

Create Alert
Add to Portfolio
40.49 +1.04 +2.64%
02:18:46 - Real-time derived data. Currency in USD ( Disclaimer )
Type:

Commodity
Group:

Energy
Unit:

1 Barrel
Prev. Close: 39.45 Open: 39.70 Day's Range: 39.47 - 40.67

Posted by Victor Yong > 2020-11-09 15:22 | Report Abuse

from 71sen in march 2020 rebounded/touched to rm1.50 in apr and rm1.55 in may. now 70sen++, next month back to RM1.50 again or even higher? :)

Date Price Open High Low Vol. Change %
Nov, 2020 0.775 0.745 0.820 0.730 4.12M 3.33%
Oct, 2020 0.750 0.980 0.995 0.740 97.66M -23.47%
Sep, 2020 0.980 1.190 1.210 0.980 76.21M -16.95%
Aug, 2020 1.180 1.150 1.330 1.030 246.45M 2.61%
Jul, 2020 1.150 1.260 1.380 1.140 177.54M -8.73%
Jun, 2020 1.260 1.310 1.440 1.200 317.91M -1.56%
May, 2020 1.280 1.240 1.550 1.210 330.00M 1.59%
Apr, 2020 1.260 1.130 1.500 1.080 622.07M 9.57%
Mar, 2020 1.150 2.300 2.300 0.710 930.44M -50.64%

Posted by Victor Yong > 2020-11-09 15:24 | Report Abuse

Brtent oil price now is even higher than april and may 2020 :)



Brent Oil Futures Historical Data
Time Frame:

Monthly
11/20/2018 - 11/09/2020

Date Price Open High Low Vol. Change %
Nov 20 40.44 37.22 41.52 35.76 255.44K 7.96%#######################
Oct 20 37.46 42.20 43.57 36.80 20.19K -8.52%
Sep 20 40.95 45.57 46.21 39.31 19.38K -9.56%
Aug 20 45.28 43.61 46.53 42.89 174.31K 4.57%
Jul 20 43.30 41.47 44.88 41.02 14.42K 5.22%
Jun 20 41.15 37.67 43.94 37.00 12.60K 9.27%
May 20 37.66 26.98 38.30 25.50 14.71K 94.83%*****************************************
Apr 20 19.33 26.00 36.40 15.98 637.21K -15.00%**********************************
Mar 20 22.74 48.95 53.90 21.65 7.36M -54.99%

from 71sen in march 2020 rebounded/touched to rm1.50 in apr and rm1.55 in may. now 70sen++, next month back to RM1.50 again or even higher? :)

Date Price Open High Low Vol. Change %
Nov, 2020 0.775 0.745 0.820 0.730 4.12M 3.33%
Oct, 2020 0.750 0.980 0.995 0.740 97.66M -23.47%
Sep, 2020 0.980 1.190 1.210 0.980 76.21M -16.95%
Aug, 2020 1.180 1.150 1.330 1.030 246.45M 2.61%
Jul, 2020 1.150 1.260 1.380 1.140 177.54M -8.73%
Jun, 2020 1.260 1.310 1.440 1.200 317.91M -1.56%
May, 2020 1.280 1.240 1.550 1.210 330.00M 1.59%
Apr, 2020 1.260 1.130 1.500 1.080 622.07M 9.57%
Mar, 2020 1.150 2.300 2.300 0.710 930.44M -50.64%

Posted by Victor Yong > 2020-11-09 15:30 | Report Abuse

Likely to Surge suddenly like April 2020 :)

Fingers crossed

Posted by Mikecyc > 2020-11-09 15:52 |

Post removed.Why?

Posted by Mikecyc > 2020-11-09 15:52 |

Post removed.Why?

Posted by Victor Yong > 2020-11-09 15:52 | Report Abuse

KLSE:DAYANG
Business Profile
Dayang Enterprise Holdings Bhd, an investment holding company, provides offshore topside maintenance services, minor fabrication works, and offshore hook-up and commissioning services to the oil and gas companies in Malaysia. The company operates through two segments, Topside Maintenance Services and Marine Offshore Support Services. It is involved in the maintenance of topside structures, pipes, and valves; and onshore fabrication of products, such as pipe and valve systems, and skids, as well as other steel structures comprising hand rails and helideck extensions. The company also provides electrical and instrumentation hook-up and commissioning services, including electrical engineering, system design, equipment and system procurement, wiring, panel installation and wiring, and testing and commissioning services. In addition, it engages in the chartering of marine vessels, including floating accommodation and catering; and provision of rental equipment. Dayang Enterprise Holdings Bhd was founded in 1980 and is headquartered in Miri, Malaysia.

Posted by Mikecyc > 2020-11-09 15:52 | Report Abuse

Dayang :

FY18 : Profit 17.5 %

FY19 : Profit 22.6 %

FY20 (Q1 ended March) : Profit 5.4 %

FY20 (Q2 ended June ) : Loss ( 0.58 % )


Perdana :

Since FY15 to FY19 is in Loss :

FY19 : Loss (RM22.9 million )

FY20 2Q : Loss ( RM 16.8 million )

Posted by Mikecyc > 2020-11-09 15:53 |

Post removed.Why?

Posted by Mikecyc > 2020-11-09 15:54 |

Post removed.Why?

Posted by Victor Yong > 2020-11-09 16:30 | Report Abuse

So lively now mikecyc also commented :)

Posted by Victor Yong > 2020-11-09 16:36 | Report Abuse

When price was being pressed down , investors will accumulate :)

Traders like mikecyc can come in when the price is back to 2019 price :)

Posted by Victor Yong > 2020-11-09 19:17 | Report Abuse

In 2019, USD50++ per barrel, dayang reached RM3++, now USD40++ , only 78sen. Huge potential for capital gain :)

Posted by Victor Yong > 2020-11-09 21:15 | Report Abuse

Grab before it is too late surging higher once Q3 results are released, etc


Oil price started flying :) hurray!!!!!

LONDON (Reuters) - Oil jumped on Monday by almost 10%, the highest daily rise in almost 6 month, after Pfizer said its COVID-19 vaccine was very effective, and Saudi Arabia said an OPEC+ deal on output cuts could be adjusted to offset rising supply and weak demand.

Brent crude rose US$3.33 cents, or 8.4%, to US$42.78 a barrel by 1216 GMT, and U.S. West Texas Intermediate crude was at US$40.53, up US$3.39 cents, or 9.1%.

Pfizer said the experimental vaccine was more than 90% effective in preventing COVID-19, based on initial data from a large study.

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said the OPEC+ deal on oil output cuts could be adjusted as it has been in the past if there is consensus among members of the group.

The Saudi minister was commenting after being asked whether OPEC+ - which groups OPEC states, Russia and other producers - would stick to existing cuts of 7.7 million barrels per day (bpd), rather than easing them from January to 5.7 million bpd.

Key members of the Organization of the Petroleum Exporting Countries are wary of Biden relaxing measures on Iran and Venezuela, which could mean an increase in oil production that would make it harder to balance supply with demand.

"While a Biden presidency increases the likelihood of Iranian oil supply returning to the market, this is not something that will happen overnight, and we still believe it’s more likely an end of 2021/2022 event," ING said in a note.

The oil prices also found some support from a weaker U.S. dollar driven by Joe Biden becoming president-elect, said Giovanni Staunovo, oil analyst for UBS.

The dollar weakened on Monday, hitting a 10-week low and boosting commodities priced in the greenback as they became more affordable for investors holding other currencies.

China, the world's top crude importer, reported a 12% decline in October imports compared with September.

(Reporting by Bozorgmehr Sharafedin in London, additional reporting by Florence Tan in Singapore; Editing by Kirsten Donovan and Louise Heavens)

Posted by Victor Yong > 2020-11-09 21:16 | Report Abuse

Oil price rose a lot , probably dayang will be above 80sen upon opening , surging higher n higher

Posted by Mikecyc > 2020-11-09 21:27 |

Post removed.Why?

Posted by tkl88 > 2020-11-09 21:52 | Report Abuse

Wow, oil price spike up like mad !
As at 9.50pm,
Nymex at => $40.67 (+3.53) (+9.50 %)
Brent at => $42.77 (+3.32) (+8.42 %)

Huat ah ! Heng ah ! Ong ah !

Posted by Victor Yong > 2020-11-09 22:22 | Report Abuse

Limit up tomorrow, oil price is rising crazily now :)

Dayang plunging to ridiculous level - Koon Yew Yin
Author: Koon Yew Yin Publish date: Tue, 17 Mar 2020, 9:58 AM
Close
I have been watching Dayang plunging down like a hawk and I told all my close friends and relatives to sell all their holdings and hold cash.

It was at its peak Rm 2.95 on 21 March, about 4 weeks ago and it started plunging to close at 88 sen yesterday. It is most likely force selling will continue today. In fact, Coronavirus did not affect the share price because the pandemic started in December last year in Wuhan, China.

Our own political upheaval started about 1 month ago caused the panic selling. As a result, the price dropped so rapidly which caused margin call. The more they sold the more the price dropped which created more force selling. Force selling is a vicious cycle.

Yesterday it dropped 28 sen or 24.4 % to close at 88 sen. It looks like it will continue to drop today due to force selling. It has dropped to a ridiculous level thus creating a good buying opportunity.





2018 revenue Rm 937 million and EPS 17.2 sen

2019 revenue Rm 1,046 million and EPS 24.3 sen

88 sen divided by 24.3 = 3.6 P/E ratio

Last night Dow Jones crashed 2,997 points due to the spreading of the Coronavirus. The US investors are afraid that this pandemic will continue to spread for a long time.

Many countries already have Coronavirus. A few countries are shutting down their cities and a few are shutting down their schools.

Couple with the slump in oil price, all the major stock markets in the world are being depressed by Coronavirus.

As I am writing this piece, Dayang is dropping and within 30 minutes of trading it has dropped another 5 sen or 5.7% with more than 6 million shares traded.

Wah! Suddenly, it started to rebound. Currently many people are rushing to buy food and other necessary things due to the spread of Coronavirus in Malaysia. This bad news will continue to depress our local stock market further. No one know when it will stop dropping.

Investors who have buying power should carefully watch for Dayang to rebound and start buying Dayang. The best time to buy is at the pivoting point when it starts to change its down trend to up trend.

My advice: Remember after a storm, there is a rainbow. Every day you have 2 choices. You can choose to be happy or sad. You must forget the past and hope for a brighter future. Always choose to be happy.

Posted by Victor Yong > 2020-11-09 22:28 | Report Abuse

Limit up esok? Harga minyak sedang naik dengan gila sekarang :)

Kejatuhan nilai usd juga membantu kenaikan harga minyak


Dayang: the worst is over

Koon Yew Yin Koon Yew Yin
8 months ago


Koon yew Yin 8 March 2020

Practically all the listed shares including Dayang are affected by our recent political upheaval and the Coronavirus outbreak in Wuhan. No investors dare to boast that their holdings are not affected.

As you know, Dayang has gone up from 50 sen to a high of Rm 2.94 within 13 months and during this period I have posted many buy recommendations. Only fools did not follow my recommendation to buy Dayang.

Due to our political upheaval and Coronavirus outbreak Dayang price crashed. I am not ashamed to admit that I too have margin call and I sold some at prices above my cost. I believe the worst is over.

You can see one coup after another had taken place

and the ruling party voted in by the people

in the last General Election is ousted from power.

Like the general public, I am disgusted for this is not how democracy works. I believe democracy will ultimately be restored through people’s power.

Only the next Parliament session can resolve this issue-who has the vote of confidence?

Coronavirus patient’s recovery

Another positive news is that Coronavirus patients are fast recovering in China.

The number of Chinese patients who have recovered from the coronavirus is greater than the number who are still being treated.
The tipping point came in late February, and has held – as of March 6 there have been 53,880 recoveries in China, compared to 23,676 outstanding infections.
The tipping point came around the end of February, according to data compiled by Johns Hopkins University, and has continued strongly since as more and more people get better.

You may like to see a report by CIMB that checks on the ”back-to-work” status in major cities of China and the news that mention China’s ports are clearing after they are back to work. (https://www.reuters.com/article/us-china-health-ports-graphic/chinas-top-container-ports-unclog-backlog-as-virus-curbs-ease-idUSKCN20L0V5)

Based on the reestablishment of our democratic system of government soon and Coronavirus recovery as I describe above, Dayang and most of the good listed stocks will rebound soon.

Even the oil price drops drastically, Petronas will continue to pump because the company has already paid the cost of the oil rigs and Dayang will be awarded more oil rig maintenance contracts. Dayang is the most efficient maintenance contractor. Currently Dayang has more than Rm 2 billion worth of contracts by which Dayang will gain more profit in the next few years.

I have been searching for another stock with similar profit growth prospect as Dayang in vain. I cannot find one for me to spread my investment risk.

Posted by Victor Yong > 2020-11-09 22:29 | Report Abuse

Date Close Volume

10/11/2020. 85sen to 90sen++??????
09/11/2020 0.78 2,892,200
06/11/2020 0.78 4,118,800
05/11/2020 0.785 11,984,600
04/11/2020 0.775 5,795,800
03/11/2020 0.765 3,186,400
02/11/2020 0.76 2,447,000
30/10/2020 0.75 6,506,200
28/10/2020 0.785 2,537,800
27/10/2020 0.80 4,798,800
26/10/2020 0.805 2,791,700
23/10/2020 0.835 2,429,900
22/10/2020 0.85 4,435,600
21/10/2020 0.865 9,405,100
20/10/2020 0.84 3,524,700
19/10/2020 0.855 3,578,700
16/10/2020 0.87 4,894,000
15/10/2020 0.885 3,434,200
14/10/2020 0.885 3,844,800
13/10/2020 0.90 2,909,400
12/10/2020 0.895 5,373,800

Posted by Victor Yong > 2020-11-09 22:32 | Report Abuse

RM1++ esok??? Sejarah berulang ? :p


Dayang: The rapid price recovery is reassuring – KYY
27 Mar 2020 — In the last few days, the price has gone up from a low of 72 sen to close at Rm 1.04, a rise of

Posted by Victor Yong > 2020-11-09 22:34 | Report Abuse

Good news on vaccine will boost economy and oil price will rebound even stronger :)

Covid-19 vaccine candidate is 90% effective, says manufacturer
Interim analysis of vaccine by Pfizer/BioNTech far exceeds expectations of most experts
Coronavirus – latest updates
See all our coronavirus coverage
Sarah Boseley, and Philip Oltermann in Berlin
Mon 9 Nov 2020 13.18 GMT First published on Mon 9 Nov 2020 11.47 GMT

A healthcare worker with a syringe of the vaccine developed by Pfizer and BioNTech at a hospital in Ankara, Turkey in October.

A vaccine against Covid-19 is in sight, with the announcement of the first interim results in large-scale trials showing the Pfizer/BioNTech candidate is 90% effective, according to the manufacturers.

Posted by Alfonso > 2020-11-09 22:47 | Report Abuse

dayang enough of disappointment already, tomorrow pls rocket up aggressively!

Posted by Victor Yong > 2020-11-09 22:51 | Report Abuse

Tiada duanya :)


BENGALURU (Reuters) - European shares jumped to an eight month high on Monday after drugmakers Pfizer and BioNTech flagged strong progress in their COVID-19 vaccine, while Joe Biden's presidential victory raised hopes of a more stable US trade policy.

Pfizer Inc and BioNTech SE said the experimental vaccine was more than 90% effective in preventing COVID-19 based on initial data from a large study.

The pan-European STOXX 600 surged more than 4% and was set for its best day in about six months. Travel and leisure stocks, which have been the hardest hit by the pandemic, were among the best performing sectors, adding more than 10% to hit an eight-month high.

BioNTech's shares jumped more than 27%, while Germany's main stock index added about 6.5%. The index was also boosted by positive trade data for September.

"The news on Pfizer's vaccine has brought down the uncertainty on the vaccine front and has helped markets regain their lost confidence which is even more important now with a second virus wave spreading across Europe," said Andrea Cicione, head of strategy at TS Lombard in London.

A resurgence in virus cases had hit markets hard last month, with the STOXX 600 losing more than 5% after the UK, Ireland and France all announced new nation-wide lockdowns.

But optimism over a win on Saturday by Democratic candidate Joe Biden in the U.S. election saw European stocks swiftly bouncing back, with the STOXX 600 trading about 11% higher in November so far.

"With Biden in the White House, relations with key trade partners are likely to improve," said Milan Cutkovic, a market analyst with Axi.

"Stimulus talks are also likely to resume soon in the United States, and the European Central Bank could announce new measures as early as December." Investor attention has also been on Brexit trade talks, with Britain saying it was open to a "sensible" compromise on fishing and that there was goodwill on both sides to progress towards a trade deal.

The export-heavy FTSE 100 jumped 4.8%, while the British mid-cap index added 4.9%.

In company news, German chipmaker Infineon gained 2.5% as it forecast a nearly 23% jump in revenue in the year ahead.

British homebuilder Taylor Wimpey surged nearly 18%after saying it was set to deliver annual results towards the upper end of expectations as the housing market recovered quicker than expected from a coronavirus-led slump.

(Reporting by Sagarika Jaisinghani and Shashank Nayar in Bengaluru; Editing by Subhranshu Sahu and Chizu Nomiyama)

Posted by Victor Yong > 2020-11-09 22:53 | Report Abuse

Dayang will fly , dont cut profit too early tomorrow :)

Posted by Victor Yong > 2020-11-09 22:59 | Report Abuse

Expecting limit up tomorrow :)

Posted by Victor Yong > 2020-11-09 23:08 | Report Abuse

https://m.investing.com/news/stock-market-news/wall-street-soars-at-the-opening-lifted-by-vaccine-news-dow-up-1550-pts-2343884

Posted by Victor Yong > 2020-11-09 23:12 | Report Abuse

Biden win lifts world stocks to record peak; dollar fades
Reuters | Nov 09, 2020 04:15AM ET

https://m.investing.com/news/stock-market-news/stocks-seen-buoyant-dollar-likely-to-extend-losses-2343342

Posted by Victor Yong > 2020-11-09 23:22 | Report Abuse

Limit up , fingers crossed

Posted by tkl88 > 2020-11-09 23:22 | Report Abuse

Oil Jumps by Most Since June on Covid Vaccine Progress
Alex Longley and Matthew Martin
Mon, November 9, 2020, 9:54 PM GMT+8·2 min
https://finance.yahoo.com/news/oil-climbs-biden-win-spurring-105416567.html

(Bloomberg) -- Oil in London jumped by the most since June as Pfizer Inc. reported a potential Covid-19 vaccine breakthrough.

Crude futures spiked following news the vaccine, being developed by Pfizer and BioNTech SE, prevented more than 90% of infections in a study of tens of thousands of volunteers.

Markets globally surged. WTI climbed more than 10% in New York, while global equities soared. It led to broader strength in the oil futures curve, with timespreads also moving sharply higher.

A vaccine “would be the most meaningful type of mitigator to the situation,” Saudi Energy Minister Prince Abdulaziz Bin Salman said prior to the Pfizer announcement at a conference on Monday. “We’re still hopeful that vaccine is found and that vaccine or vaccines spread and hopefully mobility would be regained.”

Since Covid first emerged, oil markets have been steadily recovering from the biggest crash in consumption in a generation. Transport use in Asia has rebounded strongly, but the renewed resurgence of the virus in Europe has continued to weigh on demand in the region. The emergence of a vaccine would not only help regions suffering form renewed lockdowns, but could also help spur the return of aviation demand -- the hardest hit corner of the market.

The relief in the market was seen in the profits from turning crude into transport fuels. Gasoline cracks in the U.S. reached their highest since mid-October, while those in Europe also gained. Jet fuel was also gaining relative to the value of other transport fuels in Europe, Bloomberg fair value data show.

Prices had earlier rallied as Joe Biden declared victory in the U.S. presidential election and began preparations to navigate America’s pandemic-hit economy out of crisis, with potential shifts coming on a range of policies from fiscal stimulus to Iranian sanctions. At the same time, Saudi Arabia said that OPEC+ could extend oil cuts through 2022 as the group seeks to re-balance the glutted market.

Posted by BearishTrend > 2020-11-09 23:41 | Report Abuse

Good.. Spike tmr

Posted by tkl88 > 2020-11-10 00:20 | Report Abuse

Walaoeh, Dow Jones spike up to sky high !
As at 12.05am,
Dow Jones at=> 29,425.57 (+1,102.17) (+3.89 %) !

Huat ah ! Heng ah ! Ong ah !

Posted by Victor Yong > 2020-11-10 05:38 | Report Abuse

Flying higher upon opening :)

Brtent oil price now is even higher than april and may 2020 :)



Brent Oil Futures Historical Data
Time Frame:

Monthly
11/20/2018 - 11/09/2020

Date Price Open High Low Vol. Change %
Nov 20 40.44 37.22 41.52 35.76 255.44K 7.96%#######################
Oct 20 37.46 42.20 43.57 36.80 20.19K -8.52%
Sep 20 40.95 45.57 46.21 39.31 19.38K -9.56%
Aug 20 45.28 43.61 46.53 42.89 174.31K 4.57%
Jul 20 43.30 41.47 44.88 41.02 14.42K 5.22%
Jun 20 41.15 37.67 43.94 37.00 12.60K 9.27%
May 20 37.66 26.98 38.30 25.50 14.71K 94.83%*****************************************
Apr 20 19.33 26.00 36.40 15.98 637.21K -15.00%**********************************
Mar 20 22.74 48.95 53.90 21.65 7.36M -54.99%

from 71sen in march 2020 rebounded/touched to rm1.50 in apr and rm1.55 in may. now 70sen++, next month back to RM1.50 again or even higher? :)

Date Price Open High Low Vol. Change %
Nov, 2020 0.775 0.745 0.820 0.730 4.12M 3.33%
Oct, 2020 0.750 0.980 0.995 0.740 97.66M -23.47%
Sep, 2020 0.980 1.190 1.210 0.980 76.21M -16.95%
Aug, 2020 1.180 1.150 1.330 1.030 246.45M 2.61%
Jul, 2020 1.150 1.260 1.380 1.140 177.54M -8.73%
Jun, 2020 1.260 1.310 1.440 1.200 317.91M -1.56%
May, 2020 1.280 1.240 1.550 1.210 330.00M 1.59%
Apr, 2020 1.260 1.130 1.500 1.080 622.07M 9.57%
Mar, 2020 1.150 2.300 2.300 0.710 930.44M -50.64%

Posted by Victor Yong > 2020-11-10 06:44 | Report Abuse

Order book ~ RM4bil, got work for few years :)

Market Capital (RM) 827.81m
Number of Share 1.061b
EPS (cent)* 18.25
P/E Ratio 4.27
ROE (%) 13.04
TTM Profit Margin (%) 19.6
5y CAGR - Revenue (%) 3.6
5y CAGR - PAT (%) 5.9
NTA (RM) 1.400
P/B Ratio 0.56

Posted by Victor Yong > 2020-11-10 06:47 | Report Abuse

Biden win lifts world stocks to record peak; dollar fades
Reuters | Nov 09, 2020 04:15AM ET

Oil Prices Surge 10% On COVID Vaccine Hope

By Tsvetana Paraskova - Nov 09, 2020, 9:00 AM CST
Join Our Community

Oil prices soared by 10 percent and WTI Crude topped $40 a barrel on Monday morning, after vaccine developers announced 90-percent efficacy of a COVID-19 vaccine candidate, instilling hopes on the markets that life could soon return to normal.

As of 9:38 a.m. ET, WTI Crude prices were surging by 10.37% at $40.92 and Brent Crude was soaring by 9.02% on the day, at $43.01.

Posted by calvintaneng > 2020-11-10 07:14 | Report Abuse

Oil up good for dayang

Dayang up is good for Naim because Naim is top holder of dayang

Plus Naim is going to give another 8.1 sen dividend which is 10.3% yield

Putting money in Bank FD is only 1.75%

This is 5.8 times better

Posted by Victor Yong > 2020-11-10 07:17 | Report Abuse

Harga minyak dah balik USD42++ uptrend /rebound strongly :)

Day's Range
42.02 - 42.11

52 wk Range
15.98 - 71.75


Month
Jan 21
Last Trading Day
11/22/2020
Group
Energy
1-Year Change
- 35.18%

Posted by Victor Yong > 2020-11-10 07:57 | Report Abuse

The biggest takeaway for us from these new estimates is that the consensus upgraded its earnings per share estimates, showing a clear improvement in sentiment around Dayang Enterprise Holdings Bhd’s earnings and industry data suggests that Dayang Enterprise Holdings Bhd’s revenues are expected to grow faster than the wider market.

Date Price Target Source

28/10/2020 1.25 PUBLIC BANK Price Target News
24/08/2020 1.25 PUBLIC BANK Price Target News
24/08/2020 1.27 MIDF Price Target News
24/08/2020 1.20 KENANGA

Posted by Victor Yong > 2020-11-10 08:03 | Report Abuse

Full Name DAYANG ENTERPRISE HOLDINGS BERHAD
Symbol & Code DAYANG (5141)
Board MAIN
Shariah Compliant
Sector Energy
Sub-Sector Energy Infrastructure, Equipment & Services

Posted by Victor Yong > 2020-11-10 08:07 | Report Abuse

Results for Q3, 2020 to released later this month will be a big improvement :)

DAYANG Quarter Report History

FY No. Rev PBT
QoQ
Dec20 2 170,947 4,111
Dec20 1 172,057 19,020

Dec19 4 285,020 119,720
Dec19 3 357,576 151,596
Dec19 2 247,179 72,388
Dec19 1 156,408 -8,464
Dec18 4 285,648 131,236
Dec18 3 281,933 67,736

Posted by Victor Yong > 2020-11-10 08:09 | Report Abuse

They might sapu more shares from the open market in view of the big jump in oil prices :)

11 Mar 2020 Acquired
1,000,000 Datuk Ling Suk Kiong
11 Mar 2020 Acquired
200,000 Datuk Ling Suk Kiong
11 Mar 2020 Acquired
200,000 Datin Wong Siew Hong
11 Mar 2020 Acquired
1,000,000 Datin Wong Siew Hong
11 Mar 2020 Acquired
1,000,000 Joe Ling Siew Loung @ Lin Shou Long
11 Mar 2020 Acquired
200,000 Joe Ling Siew Loung @ Lin Shou Long

Posted by Victor Yong > 2020-11-10 08:10 | Report Abuse

Looking ahead, we believe that the outlook in the second half of 2020 will improve considerably, as crude oil price has also stabilised at a healthy level, which bodes well for the oil and gas industry.

“In addition, our order book remains strong at an estimated value of RM3.8 billion, which will ensure healthy earnings visibility over the next few years,”

Posted by Victor Yong > 2020-11-10 08:19 | Report Abuse

PublicInvest Research expects a sharp V-shaped recovery in 2021, although the pace of growth is slightly slower at 6.2% compared to the government’s forecast.

Posted by Victor Yong > 2020-11-10 08:21 | Report Abuse

The OPEC+ group, which includes the Organization of the Petroleum Exporting Countries and its allies, could adjust their deal to balance the market, the kingdom's energy minister Prince Abdulaziz bin Salman said.

OPEC+ is currently cutting 7.7 million barrels per day (bpd), and considering reducing those cuts to 5.7 million bpd from January. If OPEC+ maintains the current curbs on output, it would tighten supply and lead to higher prices.

Posted by Victor Yong > 2020-11-10 08:22 | Report Abuse

Uptrend :) strong rebound for dayang today

NEW YORK: Oil surged about 8% on Monday, its biggest daily gain in more five months, after Pfizer announced promising results for its COVID-19 vaccine.

Brent crude settled at US$42.40 a barrel, up $2.95, or 7.48%, while U.S. West Texas Intermediate crude settled at $40.29 a barrel, rising $3.15, or 8.48%.

Oil markets also rose after Saudi Arabia suggested it and other oil producers could adjust its current supply-cut pact, perhaps taking more barrels off the market if demand slumps in the winter as infections rise and before the vaccine is widely available.