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!
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!
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
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.
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
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....
jordanmaggie61
1,894 posts
Posted by jordanmaggie61 > 2018-04-03 10:09 | Report Abuse
move on