BUY DESTINI (7212) The Fast, Furious & Frenzied Or BUY MHB (5186) Malaysia Heavy Engineering Slow, Stable & Steady, Calvin Tan Research


Hi guys

We are now on to a Very Powerful Bull run time in Oil & Gas Boom Time like never before

Both Good Value Stocks Have Gone up 100% to 300% like Carimin, Naim, Dayang, Penergy & Others (Velesto only yet to run)

Now even speculative stocks hobbled by debts like Perdana, Alam, Sapnrg & others are also joining the race upward one by one

NOW CALVIN TAN RESEARCH HAS UNCOVERED 2 LAGGARD O&G STOCKS STILL WITH UPSIDE POTENTIAL

 

The 2 Stocks are DESTINI (7212) & MHB (5186) Also known as Malaysian Marine & Heavy Engineering

 

  1. DESTINI – THE FAST, FURIOUS & FRENZIED

The Fresh News Award yesterday caused frenzied buying in Destini & pushed it into Top Volume today

So I went to check up on it

A GOOD SURPRISE INDEED!!

OTHERS DESTINI BERHAD (“DESTINI” OR “COMPANY”) LETTER OF AWARD- PROVISION FOR TUBULAR HANDLING, CONDUCTOR INSTALLATION AND SLOT RECOVERY EQUIPMENT AND SERVICES FOR PETROLEUM ARRANGEMENT CONTRACTORS’ (“PAC”) OPERATORS’ DRILLING PROGRAM

DESTINI BERHAD

 

Type Announcement
Subject OTHERS
Description
DESTINI BERHAD ("DESTINI" OR "COMPANY")
LETTER OF AWARD-  PROVISION FOR TUBULAR HANDLING, CONDUCTOR INSTALLATION AND SLOT RECOVERY EQUIPMENT AND SERVICES FOR PETROLEUM ARRANGEMENT CONTRACTORS' ("PAC") OPERATORS' DRILLING PROGRAM

The Board of Directors of Destini is pleased to announce that, Destini Oil Services Sdn Bhd (“DOS”), a wholly-owned subsidiary of Destini, had on 4 December 2018 received a letter of award for the provision for tubular handling, conductor installation and slot recovery equipment and services for PAC Operators’ Drilling Program (“Letter of Award”) for Sarawak Shell Berhad (“Shell”) (“Contract”).

 

Further details of the Contract are set out in the attachment below.

This Announcement is dated 13 March 2019.

 

A check with DESTINI Revealed an NTA of 44 Sen. So at 32 sen now there is a 28% discount (Near to Ben Graham margin of safety at 30% discount to NTA benchmark)

Its debts are longer term & backed by Assets. Current debt also very manageable. Looks very healthy compared to Perdana which has surged up in price

By all yardsticks DESTINI IS DESTINED TO RUN UP MORE IN THIS O&G BULL RUN TIME

AND EVEN INSIDERS HAVE BEEN BUYING & BUYING AS HIGH AS 70 sen & STILL HOLDING 9OF COURSE THEY KEPT UP BUYING WHILE CHEAP

 

2) MHB ( 5186) MALAYSIA MARINE & HEAVY ENGINEERING

THIS ONE IS CASH RICH WITH 37 SEN NET CASH

SELLING AT DEEP DISCOUNT TO NTA

SECURED 2 LONG TERM 6 YEAR PROJECTS WITH BOTH PETRONAS & SAUDI ARAMCO

CAN BUY SOME & KEEP AS JOBS WILL BE PLENTY THIS YEAR

 

BEST REGARDS

 

Calvin Tan

 

PLEASE BUY OR SELL AFTER DOING YOUR OWN DUE DILIGENCE

 

TARGET PRICE FOR DESTINI IS 60 SEN

TARGET PRICE FOR MHB IS RM1.30

 

 

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