Now wti mark usd 63++ and brent usd 69++. Oil n gas industry ready to expend capex and can revisit defermant activity... Destini has advantage should o&g player willing to spent for p1- safety critical activity.
buaya accumulated some many units, they vomit a bit, u all already shaking, i won't worry about this counter, PE 20 is high, have you look at other GLCs....still long way to go
Normal for share to retreat after many days moving forward but most important you judge and decide.. For me stay cool becoz dedtini surely finish strong. Today well absorb for selling pressure
Time to accumulate.... Surely you will be benefited from capital gain as well as profit deviden issued .... Price still far below than analyst expected.
Read this guys. Fresh news from the edge. You may wait while others taking the profit.
15/1/2018 Destini Group Bhd
Destini is seen as a politically linked counter simply because its single largest shareholder and group managing director is Datuk Rozabil Abdul Rahman with a 25.4% stake. The businessman is reportedly the Umno Perlis treasurer.
Financially, the company has done well in the past few years amid much restructuring, and potential major contracts ahead of the next general election may propel the stock upwards.
Between 2012 and 2016, Destini’s revenue grew more than six times to RM354.76 million while net profit more than quadrupled. However, its share price has tumbled since its last peak of 85 sen recorded in October last year.
In January last year, Destini’s joint venture with Lembaga Tabung Haji-controlled TH Heavy Engineering Bhd secured a contract worth RM739 million to supply three offshore patrol vessels to the Malaysian Maritime Enforcement Agency.
This came just over a year after it completed the acquisition of a shipbuilding unit in December 2015. Winning the job signalled Destini’s rise as a contender for big defence contracts that traditionally go to other politically connected players such as Boustead Heavy Industries Corp Bhd, which is controlled by Lembaga Tabung Angkatan Tentera.
this counter is a goreng stock. drop from the highest 0.67 to 0.57. when the price shot up to roof, the investment bank give buy call. this bank kill a lot of ppls. Lesson from this counter is never believe IB buy call
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....
Chengkai Kok
258 posts
Posted by Chengkai Kok > 2018-01-09 17:26 | Report Abuse
close at green colour up ,tday is profit taking day but destini stand strong in demand ...