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DESTINI-Nanyang

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DESTINI-SinChew

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Destini’s unit secures MRO contract worth RM531.39 mil

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Destini Wins RM531mil Job From MoT

KUALA LUMPUR: Destini Bhd's 70 per cent-owned subsidiary M Rail Technics Sdn Bhd has bagged a contract from the Ministry of Transport worth RM531.39 million. In a statement yesterday, Destini said the contract was for the Level 4 maintenance, repair and overhaul (MRO) of 35 trainsets operated by Keretapi Tanah Melayu Bhd (KTMB) for the [...]

德世狄尼获颁逾 5 亿合约 为马来亚铁道公司 35 辆列车提供维修服务

(吉隆坡 23 日讯)德世狄尼(DESTINI,7212,主板工业股)获马来亚铁道公司 (KTMB)颁发总值 5 亿 3139 万令吉的第 4 级保养和维修服务(MRO)合约,为后者旗 下 35 辆列车提供维修服务。 合约有效期限长达 54 个月,从 5 月 20 日起生效,直至 2026 年 11 月 19 日。 该股周一以 20.5 仙挂收,跌 0.5 仙或 2.38%,全天共有 1857 万股转手。 Download Download this news in PDF format and print ready. DOWNLOAD

Destini Secures RM531.4mil Contract From MoT

KUALA LUMPUR: Destini Bhd’s 70%-owned subsidiary M Rail Technics Sdn Bhd (MRail) has secured a RM531.39mil contract from the Transport Ministry. In a statement, the integrated engineering solutions provider said the contract is for the Level 4 maintenance, repair and overhaul (MRO) of 35 trainsets operated by Keretapi Tanah Melayu Bhd (KTMB) for the next [...]

Destini Set Continue Uptrend Reversal, Says RHB Retail Research

KUALA LUMPUR (Nov 11): RHB Retail Research said Destini Bhd is set continue its uptrend reversal after breaking past the immediate resistance of 24.5 sen on high trading volume yesterday – printing a “higher high” bullish pattern. In a trading stocks note today, the research house said if the stock manages to stay above that [...]

Destini Set Continue Uptrend Reversal, Says RHB Retail Research

KUALA LUMPUR (Nov 11): RHB Retail Research said Destini Bhd is set continue its uptrend reversal after breaking past the immediate resistance of 24.5 sen on high trading volume yesterday – printing a “higher high” bullish pattern. In a trading stocks note today, the research house said if the stock manages to stay above that [...]

Destini gear up for potential jobs with Siemens

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Destini Gears Up For Potential Rail Jobs With Siemens

KUALA LUMPUR (Oct 22): Destini Bhd has inked a memorandum of understanding (MoU) with Siemens Mobility Sdn Bhd for the latter to act as Destini’s technical assistance advisor in providing maintenance, repair and overhaul (MRO) services for electrical trainset components in Malaysia. In a statement on Friday, the integrated engineering solutions provider said the MoU [...]

德世狄尼与西门 Mobility 签备忘录 为电动 列车组件提供保养服务

(吉隆坡 22 日讯)德世狄尼(DESTINI,7212,主板工业股)与西门 Mobility 签署一 项谅解备忘录,后者将担任技术支援顾问,为我国电动列车组件提供保养与维修服务 (MRO)。 德世狄尼发文告指出,双方合作将加强铁路相关专业知识,并有利于公司寻求未来与 铁路相关的合约。 Download Download this news in PDF format and print ready. DOWNLOAD

DESTINI 委总执行长

(吉隆坡 16 日讯)DESTINI(DESTINI,7212,主板工业股)宣布,委任穆哈 尤丁为集团总执行长,即日起生效。 该公司周三向交易所报备,现年 59 岁的穆哈尤丁,目前也是马太控股 (MALPAC,4936,主板种植股)独立非执行主席。 此前,他曾出任电脑纸(CFM,8044,主板工业股)董事经理兼总执行长,任 期是从 1998 年开始,直到本月初才卸任。 文告补充,穆哈尤丁直接持 DESTINI 100 万股普通股。 周三闭市时,DESTINI 收报 25 仙,跌 0.5 仙,成交量 2023 万 6600 股。 Download Download this news in PDF format and print ready. DOWNLOAD

Destini Appoints Muhayuddin Group CEO, Rozabil Assumes Role Of Executive Chairman

KUALA LUMPUR: Destini Bhd has appointed Muhayuddin Musa as its new group CEO, while former president Datuk Rozabil Abdul Rahman will remained at the helm under his new capacity as executive chairman. Rozabil, 49, a major shareholder in Destini, has led the company since January 2011. He replaced Tan Sri Rodzali Daud, who has left [...]

Rodzali Daud Resigns As Destini’s Chairman, CEO Rozabil To Take Over Effective Today

KUALA LUMPUR (Sept 15): Tan Sri Rodzali Daud has resigned as Destini Bhd's independent, non-executive chairman after helming the company since May 2015. The resignation took effect today. In a Bursa Malaysia filing today, the integrated marine and aviation engineering service company said he will be replaced by one of the group’s largest shareholders and [...]

Destini bags oil and gas assets service contract

KUALA LUMPUR (Aug 18): Integrated engineering solutions provider Destini Bhd has secured a contract to provide tubular handling and conductor installation equipment and services from Repsol Oil and Gas Malaysia. In a statement today, Destini said the two-year job that started on July 21, which comes with an option of a one-year extension, was secured [...]

Destini’s Long Road to Recovery Despite Surprise Q1 Core Net Profit

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Destini, KTMB In Joint Venture Targeting Rail MRO Services

KUALA LUMPUR: Destini Bhd is expanding its maintenance, repair and overhaul (MRO) services in the rail sector through a joint venture with Keretapi Tanah Melayu Bhd (KTMB). Under the deal, Destini will acquire a 70% stake in ET Sdn Bhd, while KTMB will keep its 30% share in the company. "The formation of the JVCo [...]

Destini Forms JV With KTMB For Rail Maintenance

KUALA LUMPUR: Destini Bhd has entered into an agreement with Keretapi Tanah Melayu Bhd (KTMB) to establish a joint-venture (JV) company, ET Sdn Bhd (ETSB), to expand its capabilities in maintenance, repair and overhaul (MRO) services in the rail sector. In a statement today, Destini said both parties have inked a subscription, JV, and shareholders [...]

DESTINI FORMS JV WITH KTMB FOR RAIL MAINTENANCE

KUALA LUMPUR, Feb 24 , 2021 –Destini Berhad (“Destini” or “the Group”) has entered into an agreement with Keretapi Tanah Melayu Berhad (“KTMB”) to expand its capabilities in maintenance, repair and overhaul (“MRO”) services in the rail sector. Both parties today inked a subscription, joint venture and shareholders agreement (“SJVSA”) that will see Destini acquiring [...]

DESTINI 私配筹7819万

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Destini Announces RM78m Share Placement To Fund Projects

KUALA LUMPUR (Sept 25): Destini Bhd is planning to raise RM78.19 million via a private placement of up to 277.26 million shares to fund working capital for both new and existing projects. In a bourse filing, the group said it plans to issue 20% of its share capital, which stood at 1.39 billion shares as [...]

Destini To Work Harder To Win Contracts

PETALING JAYA: Destini Bhd may have won two contracts recently but the jobs would not move the needle much even though it plans to work harder to win more contracts in the future, CGS-CIMB Research said in a note. The research house is now forecasting that Destini will be profitable again in financial year 2021 [...]

DESTINI高度依赖政府合约

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CGS-CIMB Sees Destini’s FY21-22F Profitable On More Job Wins But Maintains ‘Reduce’ On Valuation

KUALA LUMPUR (July 14): CGS-CIMB has maintained its "reduce" call for Destini Bhd but increased its target price (TP) to 12 sen (previously 11 sen) based on a 0.6 times calendar year 2021 forecast (CY21F) price-to-book value (P/BV) after revising its forecasts for the financial year ending Dec 31, 2021 (FY21F) and FY22F to put [...]

Destini Prima Wins Defence Ministry’s Job

KUALA LUMPUR: Destini Bhd’s wholly-owned subsidiary, Destini Prima Sdn Bhd has won a contract from the Defence Ministry to supply non-proprietary aircraft parts for the Royal Malaysian Air Force (RMAF). In a filing with Bursa Malaysia, Destini Bhd said it would allow Destini Prima and 29 other local companies to participate in parcels of bidding [...]

Destini to supply non-proprietary aircraft parts for the Royal Malaysian Air Force

KUALA LUMPUR, 9 July 2020 – Destini Berhad (“Destini”) was awarded a contract from the Ministry of Defence Malaysia (“MINDEF”) to supply nonproprietary aircraft parts for the Royal Malaysian Air Force (“RMAF”). This contract, which was accepted by Destini’s wholly-owned subsidiary, Destini Prima Sdn Bhd (“DPSB”), will allow DPSB together with 29 other local companies [...]

Destini To Supply Non-Proprietary Aircraft Parts To RMAF

KUALA LUMPUR (Bernama) -- Destini Bhd's wholly-owned unit, Destini Prima Sdn Bhd, has accepted a letter of award from the Ministry of Defence (Mindef) for the supply of non-proprietary aircraft parts for the Royal Malaysian Air Force (RMAF). Destini said the contract would allow Destini Prima, together with 29 other local companies identified by Mindef, [...]

Quick Take: Destini Shares Gain On Contract Win

KUALA LUMPUR: Shares in Destini Bhd gained on Friday in active trade, after the company announced a RM17.4mil contract win. The integrated engineering solutions provider rose 3.23%, or 0.5 sen to 16 sen, its highest since May 21, with 13.7 million shares traded. Destini has been awarded a contract worth RM17.4mil from Wira Syukur (M) [...]

德斯迪尼获稳固1739万合约

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DESTINI赢1739万合约

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Destini Bags RM17.4mil M&E Systems Contract

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Destini Wins RM17.4m Electrical Installation Contract

KUALA LUMPUR (July 2): Destini Bhd has secured a RM17.4 million contract to provide mechanical and electrical (M&E) systems for the GrenePark Village commercial development in Semenyih, Selangor. Wira Syukur (M) Sdn Bhd awarded the contract to Destini’s wholly-owned subsidiary Destini Engineering Technologies Sdn Bhd (DET), the group said in a statement to Bursa Malaysia. [...]

Destini Bags RM17.4m Mechanical & Electrical Engineering Contract

PETALING JAYA: – Destini Bhd has been awarded a contract worth RM17.4 million from Wira Syukur (M) Sdn Bhd to provide mechanical and electrical systems for the commercial development of GrenePark Village in Semenyih. In a filing with Bursa, Destini said its wholly-owned subsidiary, Destini Engineering Technologies Sdn Bhd (DET) will be the sub-contractor for [...]

Destini Wins RM17.4m Electrical Work Contract

KUALA LUMPUR: Destini Bhd has secured a sub-contract worth RM17.4mil for electrical installation work at GrenePark Village commercial development in Semenyih. The mechanical and electrical (M&E) contract was awarded by a unit of VIZIONE HOLDINGS BHD. "Destini’s management is of the view that this contract is a significant milestone for Destini Engineering Technologies Sdn Bhd [...]

Destini Posts Largest Quarterly And Annual Losses, As Costs Spike While Impairment Weighs

KUALA LUMPUR (Feb 28): Destini Bhd posted a record net quarterly loss of RM237.26 million for the fourth quarter ended Dec 31, 2019 (4QFY19), as it booked a provision and impairment of RM145.17 million on its assets and goodwill in the fourth quarter. It did not help that the group's revenue sank 25% to RM76.66 [...]

发股购资产德斯迪尼拟进军印尼港口业

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1200万购印尼公司 Destini进军港口营运

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Destini Diversifying Into Jetty, Port Services For Mining Firms

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Destini Entering Indonesian Market With Acquisition Of PT Muara

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Destini To Make Foray Into Port Ops Via Stake Buy

KUALA LUMPUR: Destini Bhd is making its foray into jetty and port operations for mining companies via a proposed stake buy in Indonesian company PT Muara Badak Perkasa (PT MBP) in a S$4mil (RM12mil) deal. Interestingly, the purchase of the 4,999 shares, or 99.9% stake, in PT MBP will come with a profit guarantee. In [...]

Destini Beli Firma Penyedia Khidmat Pelabuhan Indonesia

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Destini Diversifying Into Jetty, Port Services For Mining Firms

KUALA LUMPUR (Feb 19): Destini Bhd's wholly-owned subsidiary Destini Armada Pte Ltd is acquiring Indonesia-based PT Muara Badak Perkasa (PT MBP) for S$4 million (about RM12 million) to diversify Destini's business to include provision of jetty and portrelated services to mining companies. In a filing with Bursa Malaysia today, Destini said Destini Armada had yesterday [...]

Destini Inks HoAs To Lease Out Vessels, Develop Power Generators

KUALA LUMPUR (Feb 19): Destini Bhd announced today that it has entered into two agreements with Indonesia-based companies for the leasing of its vessel and to develop power units that can be placed on barges. In one filing, Destini said its wholly-owned unit Destini Armada Pte Ltd has inked a Heads of Agreement (HoA) with [...]

Destini Expands Port Operations To Indonesia

PETALING JAYA: Destini Bhd has entered into a conditional share sale agreement with Indonesia-based PT Berkah Sadaya Adikarya to acquire 99.9% of its holdings in port services provider PT Muara Badak Perkasa for S$4 million (RM12 million). In a Bursa filing, Destini said the acquisition, through its wholly-owned subsidiary Destini Armada Pte Ltd (DAPL), will [...]

Destini To Offer Port Ops Via Stake In Indonesian Firm

KUALA LUMPUR: Destini Bhd plans to provide jetty and port operations to mining companies following its unit's purchase of a stake in Indonesian company PT Muara Badak Perkasa (PT MBP) for S$4mil (RM12mil) via the offer of new shares. The company said on Wednesday its unit Destini Armada Pte Ltd had entered into a conditional [...]

Stock With Momentum – Destini Bhd

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Destini Fixes Price of First Tranche of Private Placement

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Destini Gets One-Year Extension For Its Mindef Contract

KUALA LUMPUR (Dec 3): Destini Bhd has secured a one-year extension for its contract with the Defence Ministry for the provision of maintenance, repair and overhaul services, as well as the supply of safety and survival equipment to the Royal Malaysian Air Force. The contract ceiling is RM50.18 million, Destini said in a filing with [...]

Destini Receives Welcome Boost As It Wins Mindef Contract Extension

KUALA LUMPUR: Destini Bhd shares gained as the company said it has won a contract extension for its contract with the Defence Ministry. The counter advanced 9.76%, or two sen to 22.5 sen in early trade Wednesday. It is one of the most actively traded counters on Bursa Malaysia with over eight million shares traded. [...]

Destini Up 7.32% On Getting One-Year Extension For Mindef Contract

KUALA LUMPUR (Dec 4): Destini Bhd shares rose 7.32% this morning after it secured a one-year extension for its contract with the Defence Ministry for the provision of maintenance, repair and overhaul services, as well as the supply of safety and survival equipment to the Royal Malaysian Air Force. At 9.15am, Destini rose 1.5 sen [...]

德斯迪尼获延长合约 值5018万

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Destini Gets One-Year Extension For Mindef Contract

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Destini Secures RM50m Contract

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Quick Take: Destini Receives Welcome Boost As It Wins Mindef Contract Extension

KUALA LUMPUR: Destini Bhd shares gained as the company said it has won a contract extension for its contract with the Defence Ministry. The counter advanced 9.76%, or two sen to 22.5 sen in early trade Wednesday. It is one of the most actively traded counters on Bursa Malaysia with over eight million shares traded. [...]

DESTINI获续5018万

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Destini Secures RM50m Contract From MinDef

KUALA LUMPUR: Destini Bhd has secured a RM50.18mil extension to its current contract to carry out maintenance, repair and overhaul services and the supply of safety and survival equipment to the air force. It said on Tuesday its unit Destini Prima Sdn Bhd received a letter of award from the Defence Ministry for the extension [...]

Destini Wins Petronas Carigali Well Services Contract

KUALA LUMPUR: Destini Bhd has secured a five-year umbrella contract from Petronas Carigali Sdn Bhd to provide integrated well services for petroleum arrangement contractors. The letter of award was received by wholly owned Destini Oil Services Sdn Bhd (DOS) on Sept 20, the company said in a filing with Bursa Malaysia today. The contract does [...]

Quick Take: Destini Nabs Petronas Carigali Contract; Shares Up 12%

KUALA LUMPUR: Shares of Destini Bhd were 12% higher in early trade Thursday after the company secured an umbrella contract from Petronas Carigali Sdn Bhd. The defence services provider and contractor rose 12.82%, or 2.5 sen to 22 sen. It is one of the most actively traded counters on Bursa Malaysia with 6.16 million shares [...]

DESTINI获国油探勘合约

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德斯迪尼获国油探勘合约

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Destini Gets Umbrella Contract From Petronas Carigali

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DESTINI私配筹4967万 还债与注资项目

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德斯迪尼拟配售20%新股

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Destini Proposes Private Placement Exercise To Repay Borrowings

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Destini Private Placement To Reduce Borrowings

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Destini Plans Private Placement To Raise Up To RM49.67m

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Destini Proposes Private Placement Exercise to Repay Borrowings

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Destini May Rebound Further, Says RHB Retail Research

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Destini Secures Three-Year Contract From Petrofac

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DESTINI SECURES THREE YEAR SERVICE CONTRACT FROM PETROFAC

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Destini Bags Three-Year Contract To Service Petrofac’s Wells

KUALA LUMPUR (July 23): Destini Bhd has secured a three-year contract to service Petrofac (Malaysia-PM304) Ltd’s wells in Malaysia. In an exchange filling today, the group said the contract, awarded to its wholly-owned subsidiary Destini Oil Services Sdn Bhd (DOS), is for provision of tubular handling equipment and running services for Petrofac. The contract’s total [...]

德斯迪尼联营公司 竞标铁道项目

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Destini联营探铁路商机

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Destini Up 3.39% On Setting Up JV To Bid For Rail Projects

KUALA LUMPUR (May 3): Destini Bhd shares rose 3.39% this morning after the firm said it is working together with two railway contractor companies to collectively bid for rail projects in Malaysia and the region. At 9.10am, Destini added 1 sen to 30.5 sen with 3.04 million shares done. Destini said its wholly-owned subsidiary Destini [...]

Destini Sets Up JV To Bid For Rail Projects

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Destini Unit To Form JV To Bid For Rail Jobs

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Destini Capitalising On Favourable Conditions

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Destini Teams Up With Two Firms To Bid For Rail Contracts

PETALING JAYA: Engineering solutions provider Destini Bhd is collaborating with Lion Pacific Sdn Bhd and SVPR Consulting Services Sdn Bhd to undertake rail related projects in Malaysia and the region. In a filing with Bursa Malaysia, Destini said its wholly owned subsidiary Destini Rail Sdn Bhd had entered into a joint venture and shareholders agreement [...]

Ex-EXIM Bank President Norzilah Joins Destini as Deputy CEO

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Destini Sets Up Rail JV Company

KUALA LUMPUR: Destini Bhd has set up a joint venture company to bid for rail related projects. Under the deal, Destini told the stock exchange today, it will partner with railway contractor Lion Pacific Sdn Bhd and SVPR Consulting Services Sdn Bhd. Destini, which is involved in aviation maintenance, shipbuilding, as well as the oil [...]

Destini Announces New Deputy CEO, COO

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Destini Joint Venture Firm To Provide Safety Equipment Services For Malindo, Thai Lion

PETALING JAYA: Destini Avia Technique (DAT), a 50:50 joint venture company between Destini Bhd and UK-based Avia Technique Ltd, has entered into an aircraft safety equipment maintenance support agreement with Malindo Airways Sdn Bhd and Thai Lion Mentari Co Ltd, for the supply, test, repair and/or carry out overhaul activities on aircraft safety equipment for [...]

德斯迪尼获马印航空泰国狮航合约

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Destini JV Adds Malindo, Thai Lion Air To Repair, Overhaul For Clients

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Destini Gains 3.28% On Positive Technicals

KUALA LUMPUR (April 23): Shares in Destini Bhd rose 3.28% this morning after Hong Leong IB Research said the worst is over for the stock as the share price is hovering above SMA200. At 9.22am, Destini added 1 sen to 31.5 sen with 4.14 million shares traded. In a technical tracker today, the research house [...]

德斯迪尼进军铁路业务

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Destini Expands Rail Unit’s Services

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Destini-Avia JV Secures Malindo, Thai Lion Aircraft Safety Equipment Jobs

KUALA LUMPUR (Bernama): Destini Avia Technique Sdn Bhd (DAT), a 50:50 jointventure company between Destini Bhd and UK-based Avia Technique Ltd, will provide aircraft safety equipment maintenance support to Malindo Airways Sdn Bhd and Thai Lion Mentari Co Ltd. This follows the signing of an agreement today to supply, test, repair and/or carry out overhaul [...]

Possible For Further Upside For Destini, Says PublicInvest Research

KUALA LUMPUR (April 8): Public Investment Bank said Destini Bhd is picking up its prior uptrend after undergoing congestion phase over the past two weeks. In a trading ideas note today, the research house said improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend [...]

Stock With Momentum – Destini Bhd

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Destini Unit Bags Sarawak Shell Deal Under PAC Drilling Programme

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德斯迪尼 获砂贝壳合约

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获砂贝壳合约DESTINI 股价飙16%

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Destini Unit Wins Sarawak Shell Contract

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Destini Likely To Benefit From Petronas DOOW Jobs

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DESTINI TRS 合约赚服高

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Positive Surprise From Destini With TSR Job

KUALA LUMPUR: Destini Bhd secured a contract to provide tubular running services (TRS) for exploration & appraisal and infill drilling campaign, the second major job within a month. CIMB Equities Research said on Wednesday it was upbeat on the contract for blocks B17 & C-19 and block B-17-01 located in the lower part of the [...]

Destini Bags Tubular Running Services Contract In Thailand

KUALA LUMPUR (Jan 22): Destini Bhd has bagged a contract from Carigali-PTTEPI Operating Co Sdn Bhd (CPOC) to provide tubular running services for exploration and appraisal and infill drilling campaign for Block B-17 & C-19 and Block B-17-01 located at the lower part of Gulf of Thailand. The value of the contract was not disclosed. [...]

Destini Unit Gets Contract Extension

KUALA LUMPUR: Destini Bhd’s wholly-owned unit, Destini Prima Sdn Bhd, has secured a three-year contract extension from the Home Ministry for various maintenance and technical services for the police’s air wing unit. In a filing with Bursa Malaysia, Destini said the contract, with the ceiling amount remaining at RM10mil, was effective from Nov 30, 2018 [...]

DESTINI获1000万合约

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德斯迪尼获内政部延长合约

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Destini Gets Work Extension To Maintain Police Equipment From Home Ministry

KUALA LUMPUR (Jan 7): Destini Bhd’s unit has received a further three-year extension from the Home Affairs Ministry to maintain, repair and overhaul safety and survival equipment for the Royal Malaysian Police's Pasukan Gerakan Udara. Its unit Destini Prima Sdn Bhd received the letter of extension on Jan 4, with the contract's ceiling value kept [...]

Support For Destini At 19.5 Sen, Says Alliance DBS Research

KUALA LUMPUR (Jan 4): AllianceDBS Research said Destini Bhd (Destini) had on Jan 3 traded higher to settle at the day’s high of 22 sen (up 2 sen or 10.00%). In its evening edition yesterday, the research house said Destini continued to trade above the 20-day (blue) and 50-day (red) moving average lines in the [...]

Zaihan Appointed As Director of Destini Prima

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国油合约接蹱而来 德斯迪尼钱景看俏

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Destini At Higher High, Says AllianceDBS Research

KUALA LUMPUR (Dec 19): AllianceDBS Research said Destini Bhd (Destini) had on Dec 18 crossed over the 16.5 sen hurdle to settle at the day’s high of 17.5 sen (up 2 sen or 12.9%). In its evening edition yesterday, the research house said Destini crossed over the 20-day (blue) MA line on Dec 18 to [...]

DESTINI获国油勘探合约

(吉隆坡 17 日讯)DESTINI(DESTINI,7212,主板工业股股)宣布,获得国油勘探私 人有限公司颁发服务合约为期 3 年,外加延长 2 年的选择权。 公司向马交所报备,合约内容是为泛马石油协定承包商(PAC),提供管状处理、导体 安装和插槽恢复设备和服务。 根据文告,上述合约是由 DESTINI 的独资子公司——DESTINI 石油服务私人有限公司 (DOS)取得,并被视为主要承包商。 合约价值,取决于国油勘探私人有限公司的工作需求次数而定。 DESTINI 管理层认为,获得合约意味着油气领域的展望已经越来越正面。 Download Download this news in PDF format and print ready. DOWNLOAD

德斯迪尼获国油勘探合约

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Destini Unit Wins Petronas Carigali Job

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Destini Bags Pan Malaysia Tubular Handling Contract From Petronas

KUALA LUMPUR (Dec 17): Destini Bhd has won a three-year contract for the provision of tubular handling, conductor installation and slot recovery equipment and services for Petronas Carigali Sdn Bhd, the exploration arm of Petroliam Nasional Bhd. In a filing with Bursa Malaysia today, Destini said the contract was awarded to its wholly-owned Destini Oil [...]

Destini Hit By Slow Demand For Aviation Manufacturing Services

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Destini Slips Into The Red In 3Q

KUALA LUMPUR (Nov 30): Destini Bhd has slipped into the red with a net loss of RM13.14 million in the third quarter ended Sept 30, 2018 (3QFY18) compared with a net profit of RM6.13 million a year ago, on lower contribution from manufacturing services and maintenance, repair, and overhaul (MRO) services. This resulted in the [...]

Destini Wins US$8mil Contract

PETALING JAYA: Destini Bhd has received a letter of award to extend its tubular running services to Pakistan for US$8mil. In a statement yesterday, the firm said its wholly-owned subsidiary Destini Oil Services Sdn Bhd had received the letter as a technical partner from Pakistan-based Lyallpur Oil Tool Pvt Ltd. Lyallpur is a downhole drilling [...]

Destini’s Award Worth RM20mil

PETALING JAYA: The work order award clinched by Destini Bhd ’s wholly owned subsidiary from Petronas Carigali Sdn Bhd is worth US$5mil (RM20.2mil). In a filing with Bursa Malaysia yesterday, the integrated engineering solutions provider said that the award was for the provision of well abandonment integrated services for the Pulai-B platform. On July 30, [...]

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A Changing Destini

THAT a lack of corporate governance can lead to financial irregularities, and threaten the survival of a company, is something that Destini Bhd knows full well. Having come a long way from a decade ago, when the integrated engineering solutions provider – then known as Satang Holdings Bhd – was embroiled in financial irregularities that [...]

Rozabil: Judge Me By Record

SHAH ALAM: Datuk Rozabil Abdul Rahman says investors should judge him based on his track record in turning around the previously loss-making Destini Bhd and not on his political alignment when making their investment decision. The president and group chief executive officer of Destini asserts that he has always remained focused on building up the [...]

Destini expects better chances of securing jobs under open tender

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Destini Sees Better Chances Of Securing Jobs Under New Govt

PETALING JAYA: Integrated engineering solutions provider Destini Bhd welcomes the new government’s open tender policy and believes that it stands a better chance to participate and secure contracts based on its financial strength and expertise. Group CEO and president Datuk Rozabil Abdul Rahman told reporters this after the group’s AGM today. Rozabil is Umno Perlis [...]

Destini Active, Up 4.44% On Landing US$8m Job In Pakistan

KUALA LUMPUR (May 23): Destini Bhd rose 4.44% in active trade this morning after the integrated engineering solutions provider, clinched a two-year oil and gas contract to provide a tubular running services in Pakistan, worth US$8 million or RM31.76 million. At 9.13am, Destini rose 1 sen to 23.5 sen with 4.66 million shares done. The [...]

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Destini To Expand Tubular Running Services To Pakistan

KUALA LUMPUR: With the optimism of a potential increase in oil and gas activities resulting from the recent rise in oil prices, Destini Bhd received a letter of award to extend its tubular running services to Pakistan for US$8 million (RM31.76 million). The letter of award names Destini's wholly-owned subsidiary Destini Oil Services Sdn Bhd [...]

Destini Secures RM32mil Pakistan Tubular Services Job

KUALA LUMPUR (May 22): Destini Bhd, an integrated engineering solutions provider, has clinched a two-year oil and gas contract to provide a tubular running services in Pakistan, worth US$8 million or RM31.76 million. Destini said the contract was awarded by Lyallpur Oil Tool Pvt Ltd (LOT) to its whollyowned Destini Oil Services Sdn Bhd. Spanning [...]

德斯狄尼獲 3176 萬供應合約

(吉隆坡 22 日訊)德斯狄尼(DESTINI ,7212,主要板貿服)獲頒巴基斯坦約 800 萬美元(約 3176 萬令吉)專業油田設備供應合約。 德斯狄尼向馬證交所報備,獨資子公司 Destini Oil 服務私人有限公司,收到由 Lyallpur Oil Tool 私人有限公司頒發意向書,以作為科技夥伴,參與巴基斯坦管狀運行服務。 根據報備文件,Destini Oil 服務在這項價值約 3176 萬令吉的合約下,將為 Lyallpur Oil Tool 提供專業油田設備,為期 2 年,同時擁有選擇權續約額外 1 年。 德斯狄尼總裁兼集團總執行長拿督羅查比爾指出,一旦展開這項工程,相信可貢獻公司在合約 期限內的盈利,也擴大西亞油氣市場。 Download Download this news in PDF format and print ready. DOWNLOAD

Destini expected to generate more RMAF MRO revenue

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Destini Secures RM138m Contract

PETALING JAYA: Destini Bhd has secured a contract worth RM138mil from the Defence Ministry to provide maintenance, repair and overhaul services and the supply of safety and survival equipment to the Royal Malaysian Air Force. Destini has also redesignated managing director Datuk Rozabil Abdul Rahman, 46, as group chief executive officer. He emerged in the [...]

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Destini Awarded RM138 Million Contract By Defence Ministry

PETALING JAYA: Destini Bhd’s unit Destini Prima Sdn Bhd has been awarded a RM138 million contract by the Ministry of Defence to provide maintenance, repair and overhaul (MRO) services and supply of safety and survival equipment to the Royal Malaysian Air Force. The contract is in addition to the RM98 million deal on MRO services [...]

Destini Bags RM138m Defence Contract

KUALA LUMPUR (Apr 19): Destini Bhd has bagged a RM138 million contract from the Defence Ministry to provide maintenance, repair and overhaul (MRO) services and the supply of safety and survival equipment to the Royal Malaysian Air Force (RMAF). This is in addition to a RM98.2 million three-year contract secured from the Defence Ministry on [...]

德斯狄尼獲國防部額外 1.4 億合約

(吉隆坡 19 日訊)德斯狄尼(DESTINI,7212,主要板貿服)獲國防部額外頒發 1 億 3800 萬令 吉合約。 該公司向馬證交所報備,國防部在原有為大馬皇家空軍提供維護、修理和整修服務、安全和生 存設備供應合約下,向旗下 Destini Prima 私人有限公司加碼 1 億 3800 萬令吉合約。 為此,Destini Prima 需向銀行申請總共 345 萬令吉的銀行擔保書,以及參與“ 一個大馬培訓 計劃”(SL1M),並為至少 57 人提供就業機會。 Download Download this news in PDF format and print ready. DOWNLOAD

Destini Rises 5.62% On Landing 2-Year Petronas Carigali Umbrella Contract

KUALA LUMPUR (Apr 13): Destini Bhd shares rose 5.62% after it was awarded a twoyear umbrella contract to undertake well abandonment integrated services for Petronas Carigali Sdn Bhd, which will start from March 29 this year till March 28, 2020 with a oneyear optional extension. At 9.16am, Destini rose 2.5 sen to 47 sen with [...]

Destini bags two-year umbrella contract from Petronas Carigali

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Destini Shares Up 4.49% On Felcra JV

PETALING JAYA: Destini Bhd's share price continued to rise by two sen or 4.49% this morning, following its joint venture with Felcra Bhd to provide maintenance, repair and overhaul (MRO) services for agriculture industry within Malaysia and the Asean region. As at 11.03am, the stock stood at 46.5 sen with 1.5 million shares traded. It [...]

Destini And Felcra Sign Services MoU

PETALING JAYA: Destini Bhd and Felcra Bhd have inked a memorandum of understanding (MoU) to provide, among others, maintenance, repair and overhaul (MRO) services for industrial facilities and equipment for the agriculture and related industries within the Asean region. In a filing with Bursa Malaysia, Destini said the MoU – which was signed by Destini’s [...]

Destini, Felcra In Joint Venture To Provide MRO Services

PETALING JAYA: Destini Bhd and Felcra Bhd today inked a memorandum of understanding (MoU) to provide, among others, maintenance, repair and overhaul (MRO) services for industrial facilities and equipment for the agriculture and related industries within Malaysia and the Asean region. Destini said the MoU will serve as a platform for Destini Engineering Technologies Sdn [...]

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Destini Approves Dividend Policy Of Between 30% And 40%

PETALING JAYA: Destini Bhd has approved a dividend policy of between 30% and 40% following a jump in turnover that doubled during the financial period ended Dec 31, 2017. “After a new management takeover seven years ago, Destini has managed to remain profitable and has now decided on a fixed dividend policy to reward its [...]

Destini Falls 5.6% As Net Profit Halved In 4Q

KUALA LUMPUR (Feb 28): The share price of shipbuilder and maintenance provider Destini Bhd dropped by 5.6% to 59 sen as at 11.30am today as its net profit more than halved to RM5.65 million in the fourth quarter ended Dec 31, 2017 (4QFY17) from RM11.99 million a year earlier. The group's net profit for the [...]

Destini Adopts Dividend Policy Payout Of Between 30%-40% Of Net Profit

PETALING JAYA: Destini Bhd has adopted an annual dividend policy to payout between 30% to 40% of its consolidated profits after tax. In considering the level of dividend payments, Destini will take into consideration of various factors including but not limited to the level of the company’s available cash and cash equivalents; the projected level [...]

Destini expected to get new MRO jobs from KTM in 2018

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Destini to buy 70pc stake in AMS

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Destini 3Q Net Profit Surges 79% As Revenue Nearly Triples

KUALA LUMPUR (Nov 29): Destini Bhd's net profit for its third quarter ended Sept 30, 2017 (3QFY17) surged 79% to RM8.85 million from RM4.95 million a year ago, on the back of higher contribution from its marine and aviation manufacturing services. Quarterly revenue nearly tripled year-on-year to RM190.9 million from RM48.62 million, mainly due to [...]

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Destini And Singapore Firm To Explore O&G Projects

KUALA LUMPUR: Destini Bhd has entered into a joint venture and shareholders agreement (JVA) with Federal International (2000) Ltd to collectively bid for oil & gas projects in South Asia and South-East Asia. Federal International is listed on Singapore Exchange’s mainboard. On the completion of the JVA, Destini’s wholly-owned subsidiary Destini Oil Services Sdn Bhd [...]

Destini partners Singapore’s Federal International to explore O&G opportunities in region.

KUALA LUMPUR (Nov 10): Destini Bhd will be partnering with Singapore's Federal International (2000) Ltd to collectively bid for oil and gas projects in the South Asia and South-East Asia region. In a statement today, Destini said it has entered into a joint venture and shareholders agreement (JVA) with Federal International, which is listed on [...]

Destini Partners Singaporean Firm To Bid For Oil And Gas Jobs

PETALING JAYA: Destini Bhd is partnering with Singapore-listed Federal International (2000) Ltd to bid for oil and gas projects in South Asia and Southeast Asia. The group told Bursa Malaysia that it had entered into a joint venture and shareholders agreement (JVA) with Federal International for the collaboration. Upon the completion of the JVA, Destini's [...]

Destini’s 2Q net prot down 31% on lower O&G earnings

KUALA LUMPUR (Aug 30): Destini Bhd’s net profit declined by 31% to RM6.13 million for the second quarter ended June 30, 2017 (2QFY17), from RM8.9 million in the previous corresponding period mainly due to lower earnings from its oil & gas segment amidst a lacklustre environment. The integrated engineering solutions provider’s revenue, however, ballooned by [...]

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Destini 4Q profit grows 26% on higher demand for MRO, shipping services

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Destini 4Q Profit Up 26% As Demand Grows For MRO, Marine Manufacturing Services

KUALA LUMPUR (Feb 27): Destini Bhd’s net profit for the fourth quarter ended Dec 31, 2016 (4QFY16) grew 26% to RM11.99 million from RM9.53 million a year ago, with higher demand for its maintenance, repair and overhaul (MRO) and marine manufacturing services. Revenue climbed almost in tandem by 27% to RM115.44 million from RM90.86 million, [...]

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德斯狄尼斥 550 萬購公司

(吉隆坡 17 日訊)德斯狄尼(DESTINI,7212,主要板貿服)斥資 550 萬令吉收購軍 用直升機供應公司 Halaman Optima 私人有限公司,向國防部提供 6 架偵察直升機。 德斯狄尼發表文告指出,旗下主要從事航空保養、維修及精密檢查(MRO)的子公司, Destini Prima 私人有限公司共收購 Halaman Optima 70%股份。 德斯狄尼董事經理拿督羅查比爾說:“這是我們向政府提供飛機的墊腳石,有助擴展 我們的業務和服務能力。” Download Download this news in PDF format and print ready. DOWNLOAD

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Destini buys stake in defence equipment firm

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Destini buys HOSB for RM5.5mil

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德世狄尼购军用直升机供应商

(吉隆坡 16 日讯)德世狄尼(DESTINI,7212,主板贸服股)宣布,出资 550 万令吉 收购一家供应军用直升机公司--Halaman Optima 私人有限公司(简称 HOSB)70%股权。 据文告,该公司是为了供应国防部 6 架侦查直升机,而做出有关收购。 德世狄尼是通过独资子公司--Destini Prima 私人有限公司(简称 DPSB)进行以上收 购案。HOSB 成立於 2011 年,主要业务是提供军用直升机给大马政府。 德世狄尼董事经理拿督罗扎比阿都拉曼表示,收购 HOSB 公司大部份股权,除了可拓展 公司的服务范围,也开拓和政府商业往来的脉络。 与此同时,DPSB 也获得多功能运用侦察直升机机款的保养、维修和检修(MRO)的执 照。德世狄尼(DESTINI)週四闭市报 72 仙,全天下滑 0.5 仙或 0.69%。 Download Download this news in PDF format and print ready. DOWNLOAD

Destini buys military helicopter company to tap RM321 mil contract with MinDef

KUALA LUMPUR (Feb 16): Destini Bhd bought a military helicopter supply company today, enabling it to get a share of a RM321.9 million contract between the company and Malaysian Ministry of Defence (MinDef). In a statement today, Destini said its wholly-owned subsidiary Destini Prima Sdn Bhd acquired a 70% stake in Halaman Optima Sdn Bhd [...]