Dear Calvin, I read your articles and find them rather fascinating. You are well verse with what is going on in the O&G.
I can see that you are extremely bullish with Destini and expect it to rise to back to where it was...
However, things might be different now. Dato Rozabil who is the current managing director, bought at a higher prices than the current price in the past. He is the current Arau UMNO division vice chief. Do you think he will continue to get plenty of contracts from Petronas like he did in the past?
Like you, I'm also an investor who go for deep discounted dividend stocks but one must also take into consideration .. the character of the captain of the ship.
He came out and said "Judge me by record" in STAR.. It means he is obviously under a lot of pressure of not getting enough contracts that he wants.
Yes, owned by EPF and Tabung Haji and other funds because they have been holding big chunks of this stock in the past. I do not know what is the new government decision. Probably hold and wait.
Yes, current situation most of these stocks are helmed by BN supporters and Petronas needs them to activate the rigs so that it can bring in money to help Harapan to solve this current mess. So its a win-win situation for both at the moment.
However once, things are more stabilize, what do you think Mahathir will do? He started this and I'm sure he has a solution to put things under his control..
When I called for a buy on Naim at 50 sen people said cannot buy because Naim belongs to Mohd Taib. NOW Naim even gone limit up to over RM1. 20
When I called for a buy on Penergy at 75 sen again people said Penerg Bosses are linked to Ex Pm Najib. Penergy also gone up near Rm1. 20
Now again I called for a buy on Destini because Petronas jv with Thai partners awarded jobs to Destini as well as Shell also gave a job award
Yet people forgot about Naim and Penergy and still harp on doubts?
Since Tun Dr M already stated PH Govt will live by the Rule of Law in his election victory do you guys doubt his sincerity that he will rule by politic and race or cronyism?
Better wake up loh
AND Didn't Anwar Ibrahim promised that Malaysia going to see a new dawn?
Agree, i appreciate his work for starting the engine and non stop adding fuel for the acceleration of OnG sector from the beginning which has benefited so many i3 members.
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....
crownford_bl
465 posts
Posted by crownford_bl > 2019-03-16 14:59 | Report Abuse
Destini is calvin latest baby