DESTINI BERHAD

KLSE (MYR): DESTINI (7212)

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Last Price

0.34

Today's Change

-0.005 (1.45%)

Day's Change

0.325 - 0.34

Trading Volume

149,300


11 people like this.

6,794 comment(s). Last comment by Trader9 2 weeks ago

Posted by jordanmaggie61 > 2018-04-03 10:09 | Report Abuse

move on

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-04-03 15:49 | Report Abuse

sad no hope!

Yael Jasper

2,178 posts

Posted by Yael Jasper > 2018-04-05 14:39 | Report Abuse

Can u stop droping

ychi1980

38 posts

Posted by ychi1980 > 2018-04-05 14:47 | Report Abuse

no improvement, cash flow is good, company is making contracts but the share price is going down. no interest for shareholders also.

LimKT

482 posts

Posted by LimKT > 2018-04-05 15:08 | Report Abuse

DDDDDDDIIUUU

LimKT

482 posts

Posted by LimKT > 2018-04-05 15:09 | Report Abuse

DDDDDDDIIUUUDDDDDD

ychi1980

38 posts

Posted by ychi1980 > 2018-04-05 17:58 | Report Abuse

OMG! dropped again today

Bull333

112 posts

Posted by Bull333 > 2018-04-09 22:57 | Report Abuse

is going up for sure ...sharks is buying

Yael Jasper

2,178 posts

Posted by Yael Jasper > 2018-04-11 16:27 | Report Abuse

Fast!!!

Posted by Raymond Lee Kar Lum > 2018-04-13 19:00 | Report Abuse

Election counter, rally just started.

Sanofi

577 posts

Posted by Sanofi > 2018-04-16 15:18 | Report Abuse

what happen to this counter? how come so many seller in the queue!

Squirtle

805 posts

Posted by Squirtle > 2018-04-17 09:43 | Report Abuse

Gogogo Sapura Enrgy!

Jessie Ng

502 posts

Posted by Jessie Ng > 2018-04-17 09:59 | Report Abuse

thank god

Jessie Ng

502 posts

Posted by Jessie Ng > 2018-04-17 09:59 | Report Abuse

keep going

abcde12345

493 posts

Posted by abcde12345 > 2018-04-17 10:15 | Report Abuse

amazing advise

abcde12345

493 posts

Posted by abcde12345 > 2018-04-17 10:28 | Report Abuse

挺新的

LimKL1

298 posts

Posted by LimKL1 > 2018-04-17 10:41 | Report Abuse

继续啊

Sanofi

577 posts

Posted by Sanofi > 2018-04-17 10:49 | Report Abuse

Going down already!

Sanofi

577 posts

Posted by Sanofi > 2018-04-17 11:27 | Report Abuse

managed to collect some at 0.455!

Sanofi

577 posts

Posted by Sanofi > 2018-04-17 11:37 | Report Abuse

someone keeps on selling at 0.450!

Sanofi

577 posts

Posted by Sanofi > 2018-04-17 14:42 | Report Abuse

Regret to buy so early!

Sanofi

577 posts

Posted by Sanofi > 2018-04-17 14:42 | Report Abuse

Rozabil, you fast fast sell to them!

Sanofi

577 posts

Posted by Sanofi > 2018-04-17 14:56 | Report Abuse

it is time to collect! if it go down further, i will buy more! hohoho!

Sanofi

577 posts

Posted by Sanofi > 2018-04-17 20:22 | Report Abuse

U think only u sell meh.. others also sell mah.. i have collected from others, you can keep on selling, someone will collect your portion!

Sanofi

577 posts

Posted by Sanofi > 2018-04-17 23:16 | Report Abuse

The current market is very peculiar, KLCI keeps breaking new high and yet all small and medium counter keeps heading south! Maybe local institution cash out or someone needs money for GE14!

Sanofi

577 posts

Posted by Sanofi > 2018-04-17 23:18 | Report Abuse

A lot of uncertainties! but this company quite intact, no worry, just needs time. be patience

Sanofi

577 posts

Posted by Sanofi > 2018-04-18 14:25 | Report Abuse

Embrace yourself for another plummet today!

LimKL1

298 posts

Posted by LimKL1 > 2018-04-18 17:04 | Report Abuse

好的

Sanofi

577 posts

Posted by Sanofi > 2018-04-18 17:36 | Report Abuse

sometimes i also dont understand what happen to malaysia market!

Sanofi

577 posts

Posted by Sanofi > 2018-04-19 10:14 | Report Abuse

Rozabil not only this counter, a few counters in my portfolio also facing the same difficulty, keep on going down everyday!

Sanofi

577 posts

Posted by Sanofi > 2018-04-19 10:21 | Report Abuse

have to ask Abang Jib Apa macam!

Sanofi

577 posts

Posted by Sanofi > 2018-04-19 10:26 | Report Abuse

Now only O&G counters and index stocks can invest! others haih!

Sanofi

577 posts

Posted by Sanofi > 2018-04-19 11:23 | Report Abuse

hahaha! Abang Jib is busying on GE14... a lot of goodies need him announce

Posted by jordanmaggie61 > 2018-04-19 12:06 | Report Abuse

no problem

Sanofi

577 posts

Posted by Sanofi > 2018-04-19 12:18 | Report Abuse

going down again!

Sanofi

577 posts

Posted by Sanofi > 2018-04-19 18:43 | Report Abuse

Dato Rozabil really a responsible business man! Share buyback on the way, secure new contract and keep acquiring own company share to stabilize the price! Good Job!

dex

493 posts

Posted by dex > 2018-04-20 08:25 | Report Abuse

Drop plzzzz

goforit

16 posts

Posted by goforit > 2018-04-20 08:53 | Report Abuse

Agree. Recent contracts from Petronas & MOD. BUY!

Sanofi Dato Rozabil really a responsible business man! Share buyback on the way, secure new contract and keep acquiring own company share to stabilize the price! Good Job!
19/04/2018 18:43

ZEPAN

606 posts

Posted by ZEPAN > 2018-04-20 09:37 | Report Abuse

Destini awarded RM138m contract by Defence Ministry. Buy TP 70 cents

ZEPAN

606 posts

Posted by ZEPAN > 2018-04-20 10:14 | Report Abuse

Destini go go goooooooooooooo

Sanofi

577 posts

Posted by Sanofi > 2018-04-20 10:19 | Report Abuse

Then your big brother Dato Rozabil will ask you: "Rozabil, Apa lagi awak mau!" :)

Jessie Ng

502 posts

Posted by Jessie Ng > 2018-04-20 15:35 | Report Abuse

ok

Sanofi

577 posts

Posted by Sanofi > 2018-04-20 18:51 | Report Abuse

what can i do? big market like this!

Donovan

2,808 posts

Posted by Donovan > 2018-04-21 14:02 | Report Abuse

Company not horrible but share price horrible

ZEPAN

606 posts

Posted by ZEPAN > 2018-04-21 15:19 | Report Abuse

Donovan Company not horrible but share price horrible
21/04/2018 14:02


Maybe, sharks pushing it down to collect and then push it up later to make a kill. Yes, this is a good company indeed I agreed. Maybe we all should support it more.

Sanofi

577 posts

Posted by Sanofi > 2018-04-22 22:33 | Report Abuse

Rozabil, you hantam banyak in this counter?

ZEPAN

606 posts

Posted by ZEPAN > 2018-04-23 03:12 | Report Abuse

Today we could see more buyers as last Friday we saw volumn had spike up. So, buy or not to buy?

ZEPAN

606 posts

Posted by ZEPAN > 2018-04-23 08:46 | Report Abuse

Destini Berhad
Wins additional MRO work from RMAF
■ On Thursday evening, Destini announced it had secured a letter of award for
additional RM138m MRO works for the RMAF.
■ This is a positive surprise as the RMAF has not raised the value of MRO services
provided by Destini over the past few years.
■ We raise our FY18-20F EPS by 7.9-10.3% to reflect likely more RMAF MRO revenue.
■ Remains an Add. Our target price rises from RM0.74 to RM0.80.
Gets more MRO work from RMAF
On Thursday evening, Destini announced that it had accepted a letter of award from the
Ministry of Defence for a RM138m contract to provide maintenance, repair and overhaul
(MRO) services and to supply safety and survival equipment to the Royal Malaysian Air
Force (RMAF). This is in addition to an existing RM98.2m MRO contract.
Positive news for the company
This is a positive surprise to us as the company had at end-2016 already secured from
the Ministry of Defence an extension to its contract to provide MRO services to the
RMAF. The three-year RM98.2m contract will run from Oct 2016 to Oct 2019.
Destini already doing RM100m MRO annually for RMAF
We understand that Destini is currently providing around RM100m MRO work for RMAF
annually although the RMAF contract is valued at only RM98.2m over three years. With
the award of an additional RM138m, we believe Destini should be generating even more
RMAF MRO revenue from now on.
Raise RMAF MRO services work assumptions for Destini
With this development, we raise our assumption for RMAF MRO services revenue from
RM100m annually to RM130m annually from this year onwards. We estimate that the
pretax profit margin for MRO work is attractive for Destini, at 20-25%.
Earlier won well abandonment services from Petronas Carigali
In early-Apr, Destini announced it was awarded a two-year umbrella contract by Petronas
Carigali for the provision of well abandonment integrated services. However, the letter of
award and umbrella contract do not constitute commitment by Petronas Carigali to
guarantee any jobs for Destini. We believe Destini stands a good chance of securing at
least part of the job. We understand a few other parties were also shortlisted for this job
but we believe only Destini has the experience, having completed a similar job in 2016.
Well abandonment services has attractive long-term potential
We are of the view that Destini’s well abandonment services division has great long-term
potential. According to the company’s annual report, 65% of Malaysia's 300 platforms are
older than the typical platform, which has a lifecycle of 25 years. This shows the longterm
potential of Destini's well abandonment services.
Remains an Add; EPS and TP raised
We raise our FY18-20F EPS by 7.9-10.3% to reflect likely higher RMAF MRO revenue
from this year. This lifts our target price from RM0.74 to RM0.80, still based on 17.6x
CY19F P/E, a 20% discount to our target price basis of 22x C19F P/E for Singapore’s ST
Engineering (STE SP, Add) to reflect Destini’s small market cap. Potential re-rating
catalysts are the securing of MRO jobs from KTM and more military vessel construction
jobs. Risks to our call are delays in completing the construction of its military vessels

ZEPAN

606 posts

Posted by ZEPAN > 2018-04-23 08:53 | Report Abuse

ADD (no change)
Consensus ratings*: Buy 1 Hold 0 Sell 0
Current price: RM0.45
Target price: RM0.80
Previous target: RM0.74
Up/downside: 79.8%
CGS-CIMB / Consensus: 8.1%
Reuters: DEST.KL
Bloomberg: DSTN MK
Market cap: US$131.9m
RM514.1m
Average daily turnover: US$0.39m
RM1.51m
Current shares o/s: 1,155m
Free float: 49.9%

ZEPAN

606 posts

Posted by ZEPAN > 2018-04-23 09:32 | Report Abuse

New TP of 80 cents, upside about 80%.

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