Can I buy Dayang now?
My answer to the question is that I know for sure Dayang has very good profit growth prospect and the price chart is super bullish. Like all smart investors, I must not be afraid to buy if its TA is bullish and its FA is positive.
Déjà vuis a French word meaning already been or seen this before. I remember I have been and seen this kind of situation before when Lii Hen, Latitude and VS Industry went up a few hundred percent within 2 or 3 years.
For illustration purpose, I extracted from my track record the following:-
The above chart shows V S Industry went up from 30 sen in June 2014 to Rm 1.70 in Dec 2016, an increase of 550 % within 18 months. Its 2015 annual report showed that I was the 2nd largest shareholder, holding 102 million shares.
The above chart shows that Lii Hen went up from 40 sen in mid 2013 to Rm 3.00 in Oct 2015, an increase of 750% within 2,5 years. Its 2015 annual report showed that I was the 2nd largest shareholder, holding 19.80 million shares.
The above chart shows that Latitude went up from Rm 1.00 to Rm 8.00, an increase of 800 % within 2.5 years. Its 2015 annual report showed that I was the 4th largest shareholder holding 6.32 million shares.
You can see in my previous article “Dayang’s expertise”, Dayang is the biggest oil rig maintenance contractor and it has a few billion Ringgit worth of contracts in hand which will provide increasing profit for the next few. Its nearest competitors are Carimin, Uzma and Petra Energy.
As I said before, no share can go up continuously for what every reason. After it has gone up for a while, it will come down. The price chart shows that the price corrections are usually very small.
I believe its share price will go up a few hundred percent within the next 2 or 3 years like Lii Hen, VS Industry or Latitude Tree.
My answer to the question “can I buy Dayang now?’ is Yes! Yes! Yes!
