Posted by freddiehero > 2018-05-31 17:44 | Report Abuse

tp four 0.40

Posted by Sanofi > 2018-05-31 22:02 | Report Abuse

Government is proposing to upgrade it equipment and planes! http://www.kwongwah.com.my/?p=524098 http://www.kwongwah.com.my/?p=524098

Posted by Sanofi > 2018-06-01 09:53 | Report Abuse

Among BN counters, only Destini and Myeg down for today!

Posted by traderman > 2018-06-01 09:56 | Report Abuse

remain a rubbish

Posted by Sanofi > 2018-06-01 10:02 | Report Abuse

500k share blocked at 0.23, heavy queue in selling

Posted by traderman > 2018-06-01 10:29 | Report Abuse

lol ...

Posted by ZicoManuel > 2018-06-01 10:32 | Report Abuse

This stock has potential, MRO works will always be there. They are a specialist.

Posted by ZicoManuel > 2018-06-01 10:32 | Report Abuse

SHAH ALAM: Datuk Rozabil Abdul Rahman says investors should judge him based on his track record in turning around the previously loss-making Destini Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

and not on his political alignment when making their investment decision.

The president and group chief executive officer of Destini asserts that he has always remained focused on building up the business of the integrated engineering solutions provider and would not be distracted by the company’s recent share price performance.

“History shows that when I took over Destini at end-2010 and managed to turn around the company within a year, I had run it as a businessman and not as a politician,” Rozabil said.

“The result speaks for itself ... I cannot control people’s perception. But I will make sure that the company will continue to be run professionally with adherence to corporate governance,” he said after the company’s AGM.

image: https://content.thestar.com.my/smg/settag/name=lotame/tags=Int_Education,Int_Tech_Telco,Int_Business_Finance_SME,Int_Entertainment,Demo_AffluentAudience,all,Int_Business_Finance


Destini is also in the oil and gas business where it undertakes decommissioning of oil wells.

Rozabil controls Destini with a 4.16% direct stake, and an indirect interest of 21.05% in the company.

He emerged in Destini in 2011 when it was known as Satang Holdings Bhd and categorised as a Practice Note 17 company. Satang also had corporate governance issues.

Since Rozabil took over the helm, Destini’s business has grown outside the Malaysian shores and it has been consistently profitable.

The second largest shareholder in Destini is Aroma Teraju Sdn Bhd, a Finance Ministry’s controlled entity, with a 17.3% stake.

After the recent 14th General Election (GE14) that saw a change in government to Pakatan Harapan, Destini’s shares had succumbed to heavy selling due to the view that it is one of the politically-linked stocks with heavy dependence on government contracts.

Towards this end, Rozabil said Destini would continue to reduce its reliance on government jobs by actively seeking more private commercial contracts and expanding its reach geographically.

“Right now, our dependence on government contracts is high but since last year, we have been quite active in commercialisation.

“We are working towards having commercial contracts account for 60% and government contracts 40% of our revenue in the next three years,” he said.

In addition, Rozabil said he expected overseas jobs to contribute around 30% to 40% of the group’s revenue, driven by oil and gas and marine fabrication works in Singapore, in the next two to three years.

Besides Malaysia, Destini has operations in Myanmar, Singapore, China, Australia, the United Kingdom and the Middle East.

On the government’s open tender policy, Rozabil said he believed it would benefit Destini.

“It is better to have open tender; I believe we stand a better chance to secure contracts based on our financial strength and capabilities,” he explained.

“We have been building the company by investing in people, equipment and technology.”

The counter was down again yesterday, falling one sen to close at 21 sen. This represented a decline of 51.2% from its share price of 43 sen on May 8 before GE14. Year-to-date, Destini’s share price had fallen 59.6%.


Read more at https://www.thestar.com.my/business/business-news/2018/05/31/rozabil-judge-me-by-record/#AVqdaCIZhYYMW1YB.99

Posted by traderman > 2018-06-01 10:33 | Report Abuse

always good news, good result, share price continue plunge ... lol

Posted by Sanofi > 2018-06-01 10:44 | Report Abuse

Destini Bhd - 1QFY18 - Stronger quarters ahead, forecasts maintained

Yoy, 1QFY18 revenue and net profit declined by 38.5% and 22.9% respectively
Destini’s 1QFY18 revenue and net profit declined by 38.5% and 22.9% to RM137.6m and RM7.7m respectively compared to 1QFY17 mainly due to lower contributions from the aviation manufacturing business, i.e. the helicopter supply contract, which is scheduled for delivery in 4QFY18.

Qoq, 1QFY18 revenue and net profit increased by 27.4% and 37.1% respectively
Sequentially, 1QFY18 revenue and net profit increased by 27.4% and 37.1% due to stronger MRO services billings which more than offset lower contributions from the aviation manufacturing business.

LHDNM withdrew Writ of Summon and Statement of Claim
Destini also announced that Lembaga Hasil Dalam Negeri Malaysia (LHDNM) has withdrawn its Writ of Summon and Statement of Claim (for outstanding tax payable amounting to approximately RM6.6m) and the High Court has awarded RM2,000 to Destini as cost.

Stronger quarters ahead on the back of on-going, new and potential projects
While the 1QFY18 net profit of RM7.7m constitute just 20.8% of our full year FY18F forecast of RM37.1m, we expect stronger quarters ahead on the back of on-going and new projects as well as prospective projects in its tender book.

Outstanding order book is estimated to have surged past RM1.0bn again
With the contracts secured in the last two months, we estimate that outstanding order book of the group has again surged past RM1.0bn, from around RM930m in January 2018. New contracts secured include the additional RM138.0m on top of the existing contract to provide MRO services and the supply of safety and survival equipment to the Royal Malaysian Air Force, an umbrella contract for the provision of well abandonment integrated services for PETRONAS Carigali SB, and the tubular running services contract valued at approximately RM31.8m in Pakistan. Stronger oil prices have also boosted the businesses of the Vanguard Group and TF Corp Group as well as AMS Marine (S) Pte Ltd. Destini has also secured additional certifications for the provision of line maintenance for commercial airlines. These and outstanding contracts for the provision and supply of MRO services, helicopters and OPVs are expected to boost profitability in the coming quarters.

Bidding for more contracts
Furthermore, Destini has a large tender book both locally and overseas. It has entered into a MOU with Felcra Processing & Engineering SB (FPESB) to provide MRO services to all FPESB’s industrial plants and equipment as well as building maintenance services on industrial, commercial and residential properties owned by FPESB. Other potential contracts include offering safety survival MRO services to more government agencies; full ground handling services for civilian airlines; MRO and supply of more helicopters as well as building more OPVs and NGPCs; offering rail MRO services and the supply of rolling stocks and spares; and in O&G, expanding decommissioning services and fabrication for the downstream sector.

Proven capability and track record of timely delivery at competitive pricing
We continue to like Destini for its proven capability and timely delivery of services at competitive pricing, strengths which are important to a new government facing budgetary constraints and which emphasize efficiency and transparency. Its balance sheet remains strong with a healthy cash balance and minimal gearing.

Maintain BUY with an unchanged target price of RM0.70
We maintain our FY18F and FY19F forecasts and price target of RM0.70 (pegged to an unchanged CY19F PE of 17.1x) for Destini. Its share price has fallen further following the change in government after the recent GE14 and global equity market volatilities. Our BUY rating is maintained.

Source: Mercury Research - 31 May 2018

Posted by Sanofi > 2018-06-01 10:44 | Report Abuse

TP 70cent!

Posted by ZicoManuel > 2018-06-01 10:52 | Report Abuse

Destini Bhd - 1QFY18 - Stronger quarters ahead, forecasts maintained

Author: kltrader | Publish date: Thu, 31 May 2018, 12:17 PM
Yoy, 1QFY18 revenue and net profit declined by 38.5% and 22.9% respectively

Destini’s 1QFY18 revenue and net profit declined by 38.5% and 22.9% to RM137.6m and RM7.7m respectively compared to 1QFY17 mainly due to lower contributions from the aviation manufacturing business, i.e. the helicopter supply contract, which is scheduled for delivery in 4QFY18.
Qoq, 1QFY18 revenue and net profit increased by 27.4% and 37.1% respectively

Sequentially, 1QFY18 revenue and net profit increased by 27.4% and 37.1% due to stronger MRO services billings which more than offset lower contributions from the aviation manufacturing business.
LHDNM withdrew Writ of Summon and Statement of Claim

Destini also announced that Lembaga Hasil Dalam Negeri Malaysia (LHDNM) has withdrawn its Writ of Summon and Statement of Claim (for outstanding tax payable amounting to approximately RM6.6m) and the High Court has awarded RM2,000 to Destini as cost.
Stronger quarters ahead on the back of on-going, new and potential projects

While the 1QFY18 net profit of RM7.7m constitute just 20.8% of our full year FY18F forecast of RM37.1m, we expect stronger quarters ahead on the back of on-going and new projects as well as prospective projects in its tender book.
Outstanding order book is estimated to have surged past RM1.0bn again

With the contracts secured in the last two months, we estimate that outstanding order book of the group has again surged past RM1.0bn, from around RM930m in January 2018. New contracts secured include the additional RM138.0m on top of the existing contract to provide MRO services and the supply of safety and survival equipment to the Royal Malaysian Air Force, an umbrella contract for the provision of well abandonment integrated services for PETRONAS Carigali SB, and the tubular running services contract valued at approximately RM31.8m in Pakistan. Stronger oil prices have also boosted the businesses of the Vanguard Group and TF Corp Group as well as AMS Marine (S) Pte Ltd. Destini has also secured additional certifications for the provision of line maintenance for commercial airlines. These and outstanding contracts for the provision and supply of MRO services, helicopters and OPVs are expected to boost profitability in the coming quarters.
Bidding for more contracts

Furthermore, Destini has a large tender book both locally and overseas. It has entered into a MOU with Felcra Processing & Engineering SB (FPESB) to provide MRO services to all FPESB’s industrial plants and equipment as well as building maintenance services on industrial, commercial and residential properties owned by FPESB. Other potential contracts include offering safety survival MRO services to more government agencies; full ground handling services for civilian airlines; MRO and supply of more helicopters as well as building more OPVs and NGPCs; offering rail MRO services and the supply of rolling stocks and spares; and in O&G, expanding decommissioning services and fabrication for the downstream sector.
Proven capability and track record of timely delivery at competitive pricing

We continue to like Destini for its proven capability and timely delivery of services at competitive pricing, strengths which are important to a new government facing budgetary constraints and which emphasize efficiency and transparency. Its balance sheet remains strong with a healthy cash balance and minimal gearing.
Maintain BUY with an unchanged target price of RM0.70

We maintain our FY18F and FY19F forecasts and price target of RM0.70 (pegged to an unchanged CY19F PE of 17.1x) for Destini. Its share price has fallen further following the change in government after the recent GE14 and global equity market volatilities. Our BUY rating is maintained.

Source: Mercury Research - 31 May 2018

Posted by ZicoManuel > 2018-06-01 12:12 | Report Abuse

Mercury TP 70c

Posted by afifi > 2018-06-01 12:28 | Report Abuse

research only...
but the real...
look eden cap ayam.. pun naik
hee...hee....
more politik than bis..

Posted by ZicoManuel > 2018-06-01 12:36 | Report Abuse

go and check, this company is the only centre of excellence for martin baker aviation, oem for ejection seat, in the world. they invested in staff, technology and know how. if not because of change of shareholders to amroc ownership, they should have secured big overseas contract in abu dhabi.

Posted by orangepie > 2018-06-01 12:45 | Report Abuse

stay cool, shark coming soon, kikiki

Posted by Sanofi > 2018-06-01 12:54 | Report Abuse

Shark go to Myeg, Sapnrg, Gkent...

Posted by orangepie > 2018-06-01 13:09 | Report Abuse

relex la bro, u cant get rich overnight, the fundamental is ok, and they also ady announce share buy bek

Posted by freddiehero > 2018-06-01 13:20 | Report Abuse

huhu.. good.. tp 0.70..

Posted by freddiehero > 2018-06-01 13:20 | Report Abuse

smell nice

Posted by orangepie > 2018-06-01 14:52 | Report Abuse

strong suppport at 0.23 , 0.22

Posted by giraffe > 2018-06-01 16:09 | Report Abuse

Wow...up 10%

Posted by orangepie > 2018-06-01 16:12 | Report Abuse

told u shark is coming ^^

Posted by freddiehero > 2018-06-01 17:05 | Report Abuse

good job.

Posted by muknike > 2018-06-01 17:06 | Report Abuse

Orangepie..ada share buyback ke?

Posted by orangepie > 2018-06-01 17:18 | Report Abuse

i not sure when is buyback, but general report meeting said they ady approve share buyback, share the recent general meeting report

Posted by orangepie > 2018-06-01 17:19 | Report Abuse

check the recent *

Posted by orangepie > 2018-06-01 17:21 | Report Abuse

may 30 report

Posted by freddiehero > 2018-06-01 18:12 | Report Abuse

i think now start buying back eh..

Posted by freddiehero > 2018-06-01 18:12 | Report Abuse

the price low and good to buy back

Posted by muknike > 2018-06-01 18:20 | Report Abuse

Dato rozabil top up more 900k lot on 30th mei

Posted by freddiehero > 2018-06-01 18:50 | Report Abuse

huhu.. tis company worth more than rm1 la..

Posted by Sanofi > 2018-06-01 21:50 | Report Abuse

Rozabil very confident with his company!

Posted by xgakuseix > 2018-06-01 23:02 | Report Abuse

dahsyat betul D.Rozabil ni.
Keep dropping, and he keeps collecting.

Sold already @ 0.46,managed to make small profit,but I do respect this Dato.Cool & steady.

Will enter again at good sign.

Posted by muknike > 2018-06-02 14:24 | Report Abuse

Today n semalam kluar news psl destini. Dlm the star

Posted by Truth_revealed > 2018-06-02 15:50 | Report Abuse

Heman is a johor con group. Their captain Mr.Heman gv buy call on idmensn 0.065,destini 0.4,dataprep 0.29..
All holland fried rice hohoho!

Posted by stockraider > 2018-06-02 15:53 | Report Abuse

Herman sapu a lot yesterday

Posted by orangepie > 2018-06-02 16:39 | Report Abuse

who is herman, got link?

Posted by freddiehero > 2018-06-02 17:45 | Report Abuse

buy 0.4 then sapu 0.23. now 0.26. no loss too much la..

Posted by freddiehero > 2018-06-02 17:46 | Report Abuse

mayb profit. u also dono

Posted by Sanofi > 2018-06-02 17:57 | Report Abuse

Cimb Research maintain add with TP of 60 cent

Posted by muknike > 2018-06-02 18:07 | Report Abuse

Who is herman.. one of the director ke?

Posted by Moneymore > 2018-06-03 10:42 | Report Abuse

Too early to tell, too much BNNO inside, will have to wait and see if they can secure new government deal. The rebound will be shortlived. He tried to use star to control the damage.

Posted by ZicoManuel > 2018-06-04 10:19 | Report Abuse

during the agm last week, company approved share buy back.they never had it before. plus, destini is now adopting a dividend policy. cheap stock, steady business, present contracts can last 2 1/2 years with growth from commercial, and international esp oil & gad, and now dividend coming into play.

Posted by ZicoManuel > 2018-06-04 10:19 | Report Abuse

ada momentum today

Posted by ZicoManuel > 2018-06-04 10:39 | Report Abuse

THAT a lack of corporate governance can lead to financial irregularities, and threaten the survival of a company, is something that Destini Bhd

Having come a long way from a decade ago, when the integrated engineering solutions provider – then known as Satang Holdings Bhd – was embroiled in financial irregularities that almost brought the company down, Destini is now more determined than ever to have its business run in a transparent and accountable manner.

That’s what Datuk Rozabil Abdul Rahman (pic), president and group chief executive officer of Destini, told reporters recently after the company’s AGM over the week.

“I will make sure that the company will continue to be run professionally, as an entrepreneur, with adherence to corporate governance,” he asserts.

image: https://content.thestar.com.my/smg/settag/name=lotame/tags=all,Int_Entertainment,Int_Business_Finance,Demo_AffluentAudience,Int_Property_Affluent,Int_Tech_Telco,Int_Education,Int_Property,Int_Business_Finance_SME


He has a 4.16% direct stake, and an indirect interest of 21.05% in the company that is also in the oil and gas (O&G) business where it undertakes decommissioning of oil wells.

The second-largest shareholder in Destini is Aroma Teraju Sdn Bhd, a Finance Ministry-controlled entity, with a 17.3% stake.

Despite perception that Destini’s fortunes are tightly connected to the previous government under Barisan Nasional – by virtue of its heavy dependence on government contracts – Rozabil calls on investors to judge on its performance since he took over the company and the future plans that he has in store for it.

He further stresses that his political alignment is not a factor in determining the company’s fortunes.

“History shows that when I took over Destini and managed to turn around the company within a year, I had run it as a businessman and not as a politician,” Rozabil says.

“The result speaks for itself ... I cannot control people’s perception,” he adds.

Business turnaround

When Rozabil emerged in Destini in early 2011, his main purpose was to turn around the company, which was then still known as Satang.

Since taking over the helm, Rozabil has managed to grow the company’s business outside the Malaysian shores and the company has turned consistently profitable since 2012.

Among the restructuring initiatives undertaken is the strategic acquisitions of various companies to diversify Destini’s income stream.

These include Vanguard Composite Engineering Pte Ltd, a Singapore-based company involved in the manufacturing, servicing and maintenance of lifeboats, life rafts and davit systems; and Samudra Oil Services Sdn Bhd, which is involved in the provision of tubular handling services in the O&G sector and is a Petroliam Nasional Bhd licence holder.

Satang ran into trouble in 2008 after facing auditing issues, which revealed that its unaudited net profit for the financial year ended Sept 30, 2007 had been overstated by a staggering 631%. The company actually posted a net loss of RM26.71mil instead of a net profit of RM5.02mil as was previously stated in its unaudited financial results.

Satang slipped into the Practice Note 17 (PN17) status in May 2008 and had its stock suspended from trading for nearly three years from July 2009.

In 2011, the regulators publicly reprimanded Satang and fined the board of directors a total of RM180,000 for breaching Main Market listing requirements by failing to maintain an audit committee since Nov 1, 2010.

The company changed its name to Destini in September 2011. And following a regularisation plan, Destini was lifted out of PN17 category in April 2013.

Open tender

Destini’s shares have succumbed to heavy selling in recent weeks after the 14th General Election (GE14) that saw a change in government to Pakatan Harapan. This is because of the view that it is one of the politically-linked stocks with huge reliance on government contracts.

On that note, Rozabil says his focus remains on building up the business of Destini. He will not be distracted by the company’s recent share price performance.

“My focus is to build up the business, and let the company’s performance speak for itself,” he says.

“I’m here to manage the business to ensure that it consistently generates good profits and dividends to shareholders,” he adds, pointing to the company’s recently approved dividend policy of between 30% and 40% of net profit as a sign of its commitment to shareholders.

To reduce Destini’s reliance on government jobs, which contributed close to 80% of its revenue in 2012, Rozabil says the group will continue to seek more private commercial jobs and expand its reach geographically to fuel growth.

“Right now, our dependence on government contracts is still high but since last year, we have been quite active in seeking more commercial jobs,” Rozabil says.

He aims to change Destini’s revenue composition to 60% commercia

Posted by joetosh > 2018-06-05 00:22 | Report Abuse

yessza... go go destini... im still holding from 0.021...

Posted by Sanofi > 2018-06-05 10:27 | Report Abuse

cant go up already...someone dumping!

Posted by Balong > 2018-06-05 11:46 | Report Abuse

ADX show strong uptrend
MA uptrend crossover
MACD show buyer power

Still in strong uptrend. Has potential to buy. I'm start collecting some.

Posted by Sanofi > 2018-06-05 13:00 | Report Abuse

https://klse.i3investor.com/blogs/icon8888/159421.jsp