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
Today, it closed above 60 sen with a spike of vol traded. If this positive momentum can be continued, it will be a good sign to retest the recent high of 67 sen...
have been holding since months ago, whenever it drops below 60 cents, someone will support it back above 60 cents, i think this counter is being taken care by operators, just matter of time to fly. quite safe to hold this counter but a bit slow....
No need to push aggresively, contra player may spoil the market with Hit n Run. Let the market set the real value so that this counter can sustain longer.
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....
ttboo
115 posts
Posted by ttboo > 2018-01-12 10:58 | Report Abuse
This is difference between trader and investor. Sikit sikit jatuh sudah panic.