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Dayang: Can I buy it now?


Can I buy Dayang now?  

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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.

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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!         

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