and raised the target price from 74 sen to 80 sen.
It said on Monday it was positive on Destini after it had secured a letter of award from the Ministry of Defence (MinDef) for a RM138mil contract to provide maintenance, repair and overhaul (MRO) services and to supply safety and survival equipment to the Royal Malaysian Air Force (RMAF).
It said this was in addition to an existing RM98.2mil MRO contract.
“This is a positive surprise to us as the company had at end-2016 already secured from MinDef an extension to its contract to provide MRO services to the RMAF,” it said.
The three-year RM98.2mil contract will run from October 2016 to October 2019.
“We understand that Destini is currently providing around RM100mil MRO work for RMAF annually although the RMAF contract is valued at only RM98.2mil over three years.
“With the award of an additional RM138m, we believe Destini should be generating even more RMAF MRO revenue from now on.
Let's be frank, is it that easy to get RMAF contracts? Now easy, correct? Now that 2 contracts had been given, I am confident that more will be coming Destini way.
Yeah, it's coming higher &higher, watch out. As you notice today index down by 10 points but Destini is up 1 cent and plenty of buyers too.
Sometimes, I wonder if there are such stupid people here in the bursa market doing the pushing down by half a cents or 1 cent with 1 lot, do these people that there are stupid people like him to sell cheaper by his action? Read stupidity and idiotic person I call him or her. hahaha
Today market is terrible, down by 15 points but Destini stay strong. It could have been up 0.05 cents had it not for 1 idiotic & stupid trader selling half a cents less with 5 thousand shares knowing fully well that this counter stay strong.Wonder if he had only RM2000 to play shares otherwise he won't be selling lesser than the last price, stupidity at it's extreme , hahaha
Friends, keep a lookout for this counter as it's gaining momentum and if the market is better or good, then I won't be surprise that Destini approaches it's Target Price. All the best to all.
Stop conning on this counter la. If you don't like this counter, simply move on to other counter. Why still stay here leh? Everyday also angry can get heart attack wei.
Today market very bad, still Destini stay strong, a positive sign perhaps or rather the sliding down had stopped and now perhaps looking forward to upwards movement when market gets better.
Semua kebanyakan ya lah hit & run traders, cari 1 hari 20 Ringgit pun cucup, hahaha...bukan macham kita beli higher to average higher so as to sell higher.
Brother Rozabil, may I ask why you want to quarrel with everyone? So far I had seen you quarrel with a number of members here.Don't quarrel, we are all here to make some money, quarrel gets you no where.
Thank you to a few members here for frightening traders here to sell cheap , without which I wouldn't make some good money today by contra.More please with this lobang, I like it. huhu
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....
ZEPAN
606 posts
Posted by ZEPAN > 2018-04-23 09:40 | Report Abuse
Rozabil Slowly wait for.80
Brother, it will come as more RMAF contracts are coming and in a short time, there will be a share buy back, so price sure naik.