KUALA LUMPUR (March 30): CGS-CIMB Research has downgraded Destini Bhd to Reduce at 25 sen and slashed its target price (TP) to 5 sen (from 28 sen) and said Destini’s FY20 core net loss of RM129 million was nearly 5 times the RM27.1 million the research house previously forecast, as the firm’s aviation revenue plunged amidst the pandemic.
In a note March 29, the research house said as the aviation industry is unlikely to return to normal operations in 2021, it now forecast Destini to be in a net loss in FY21F.
“FY22F EPS is cut by 51%.
“Destini’s new proposed 20% share placement is critical to replenish its working capital needs. Downgrade to Reduce with a lower TP of 5 sen,” it said
the truth is: if not because of KTMB project's hope, the price could be below 20 sen already. and there's still a hope for this project..keep on hoping!!
Director buying in huge bulk from 29 Mar to 31 Mar, at lease price will be stable for now. Bank extended PP to Oct 2021. Destini need to secure big project or else????
Langkawi mahu buat Formula 1 track berbillion tu...tender lerr project, apa lah ni Destini tunggu ayam bertelur. Come on board of director work hard lerr sikit..
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....
shorttermtrader
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Posted by shorttermtrader > 2021-03-29 11:08 | Report Abuse
Luckily someone keep supporting the price at 24 cts .. Cheer ! KTMB project coming soon wakakak!