Recently, O&G penny stocks become the market focus. Armada, Saprng, KNM, ALAM, ICON, SCOMIES and SCOMI all rotational play up by punters and follow by retail players. After all these, who will be next ?? Of course is "DAYA" (0091)!
Although DAYA now is PN17 stock, but its financial condition quite similar to ICON, SCOMI and KNM which having high gearing. These ICON, SCOMI and KNM share price all above 10sen, but DAYA only trade at 1sen. Do u think DAYA have good potential to play up to 3sen or 5sen ? That mean 200% - 400% upside potential.
DAYA already announced its restructuring plan which will see new shareholder emerge. New shareholder is Perfect Propel Sdn Bhd control by Thriven (7889) ED Datuk Low Keng Siong.
As Petronas award more contract and Oil price maintain at higher level, O&G sector worst is over. In the recent PublicInvest report, analyst are cautiously optimistic over Daya Materials Bhd's (DMB) restructuring and turnaround efforts. "The one significant encouragement remains that the company is profitable operationally," PublicInvest said in a note.
Compare those O&G penny stocks below with DAYA, then you will know DAYA is coming liao !! Because DAYA highly laggard behind, it going to catch up now.
Everyone keep your eye on DAYA. DAYA will be another DAYANG .... hehe!
https://klse.i3investor.com/blogs/technicalanalyst/201259.jsp
