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

Posted by Sanofi > 2018-06-05 15:35 | Report Abuse

All BN counters go up today! Especially GabunganARQ

Posted by Sanofi > 2018-06-05 18:04 | Report Abuse

How come suddenly become trap?

Posted by George Ken > 2018-06-06 08:44 | Report Abuse

rozabil trap himself after buy so much ... now may be back to 0.2

Posted by freddiehero > 2018-06-06 08:52 | Report Abuse

i oledi sold off.

Posted by freddiehero > 2018-06-06 08:53 | Report Abuse

wil come back tis counter later...

Posted by joetosh > 2018-06-06 08:54 | Report Abuse

if today cannot close above 0.275... be carefull

Posted by Sanofi > 2018-06-06 10:07 | Report Abuse

Selling momentum very strong!

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

BN counters all up strongly today.. other than this counter!

Posted by Sanofi > 2018-06-06 11:06 | Report Abuse

Gabungan and Gkent very strong!

Posted by Balong > 2018-06-06 14:53 | Report Abuse

Breakout

Posted by Bull333 > 2018-06-06 15:23 | Report Abuse

destini next fly

Posted by joetosh > 2018-06-06 15:44 | Report Abuse

yesssza...

Posted by Sanofi > 2018-06-06 15:45 | Report Abuse

Dont know can break 30 cent or not?

Posted by Sanofi > 2018-06-06 15:52 | Report Abuse

KLCI is in a very good momentum today!

Posted by kevinchong > 2018-06-06 15:55 | Report Abuse

This company no only have project at Malaysia,still have 60% at oversea project, price should at 0.350 . Already oversell ,wait n see

Tp one 0.245 tp two 0.290 tp three 0.350
22/05/2018 20:40

Posted by kevinchong > 2018-06-06 15:56 | Report Abuse

Congratulations in tp two

Posted by Sanofi > 2018-06-06 15:56 | Report Abuse

Tp four ?

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

@KYY_GREATEST_INVESRTOR Please learn how to spell before investing

Posted by kevinchong > 2018-06-06 16:23 | Report Abuse

No tp four, price will back 0.350 is high pirce

Posted by Bull333 > 2018-06-06 16:56 | Report Abuse

start engine

Posted by Bull333 > 2018-06-06 16:56 | Report Abuse

Tp at least 1.00