New defence minister from PH, this comp. main business is aircraft maintenance from RMAF , what is the long-term prospects ? Is IB so kind hearted to inform us its oversold or mayb want to clear some stk for client ?
Destini is a one-stop engineering solutions provider with diverse interest in the aviation, marine, land transport as well as O&G sectors. With a core business in ensuring safety and survival equipment efficiency in these industries, the Group excels in being one of the leading maintenance, repair and overhaul (MRO) service provider in the regions. To date , Destini has expanded its geographical footprint over the Asian, Australian, Middle East and European regions
Destini’s core business of maintenance, repair and overhaul (MRO) safety and survival equipment for the Royal Malaysian Arm Force (RMAF) is defensive and has high barrier of entry and its orderbook of ~RM930m could provide earnings visibility for FY18-19. With the group’s proven expertise and experience as well as good track record and competitive pricing, we see there are good chances of success in new helicopter supply, vessel construction orders and rail related contracts. Many of the existing and new contracts will also provide MRO service opportunities.
this Rozabil, Perlis UMNO treasurer,do business the UMNO way, it was easy then, will Destini survive long in today's radically changed scenario ? Does he have the deep pockets to pump up ?? The banks could be more worried than him....
KUALA LUMPUR (May 22): Destini Bhd, an integrated engineering solutions provider, has clinched a two-year oil and gas contract to provide a tubular running services in Pakistan, worth US$8 million or RM31.76 million.
Destini said the contract was awarded by Lyallpur Oil Tool Pvt Ltd (LOT) to its wholly-owned Destini Oil Services Sdn Bhd. Spanning from July 1, 2018 to June 30, 2020, Destini said the contract comes with a one-year extension option.
This award, Destini said, is one stone for Destini to build its oil and gas presence in the Middle East, which is also in line with the group’s aim for geographical expansion and an increase in contribution from its commercial businesses.
In accordance with the contract award, Destini said it will provide specialised oilfield equipment and experienced expatriate personnel for LOT to execute tubular running services.
LOT has interests in downhole drilling and completion products. It also provides oil and gas services in the Middle East and North Africa region.
“The board of directors of Destini, after having considered all aspects of the letter of award, is of opinion that it is in the best interest of Destini,” the company said in a separate filing with Bursa Malaysia today.
Destini said crude oil prices have been on the rising trend since the start of the year, ranging from US$63 per barrel to US$75 per barrel.
“The market is optimistic that oil price could potentially shoot above US$80 per barrel, which could make the sector positive again,” it added.
Destini is listed on the Main Market and it is controlled by president and group chief executive officer Datuk Rozabil Abdul Rahman, who is linked to UMNO.
Destini shares have suffered from the selling pressure since the market resumed trading after the 14th general election. Its share price has almost halved from 43 sen on May 8 and closed at 22.5 sen today, for a market capitalisation of RM259.93 million.
This company acquired a lot of foreign companies last year, which are involve in military training and services, that why last year, net profit down. some more the company still has almost 1 billion project on hand, and they yet to realize any profit from the 3 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....
Smart_invest
478 posts
Posted by Smart_invest > 2018-05-17 11:36 | Report Abuse
still good chance upward? i think it atleast worth 35cts...but now like no energy and no movement