Last 0.69 MYR
Change Today +0.02 / 2.99%
Volume 1.4M
As of 4:53 AM 09/15/14 All times are local (Market data is delayed by at least 15 minutes).

destini bhd (DSTN) Snapshot

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06/30/14 - 0.75
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destini bhd (DSTN) Details

Destini Berhad, an investment holding company, provides maintenance, repair, and overhaul (MRO) services for safety and survival equipment in defense, marine, aviation, and oil and gas industries primarily in Malaysia, Singapore, China, the United Arab Emirates, and Australia. It also manufactures and trades lifeboats, life saving appliances, hyperbaric lifeboats, fast rescue boats, life rafts and components, on/off load hook release systems, and related components and spare parts. The company also provides MRO for aviation related cylinders comprising servicing, inspection, recycling, and refilling of gas; ground support safety equipment and related accessories; and lifeboats and davits. In addition, it is involved in general trading; construction contracts; and providing consultancy, solution, implementation services for technology and surveillance security systems, and its related services. In addition, it supplies defense and aviation equipment and accessories; trades marine, and oil and gas safety equipment; supplies and services pipe cleaning products and equipments; and offers calibration and cylinder services. Further, Destini Berhad provides training and seminars on environmental management system and other related services. The company was formerly known as Satang Holdings Berhad and changed its name to Destini Berhad on September 2011. Destini Berhad was founded in 1991 and is based in Shah Alam, Malaysia.

Founded in 1991

destini bhd (DSTN) Top Compensated Officers

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destini bhd (DSTN) Key Developments

Destini Berhad Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year of 2014

Destini Berhad announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of MYR 36,819,000 compared with MYR 22,733,000 for the same period a year ago. Profit from operations was MYR 7,634,000 compared with MYR 1,887,000 for the same period a year ago. Profit before taxation was MYR 1,736,000 compared with MYR 1,554,000 for the same period a year ago. Net profit attributable to owners of the parent was MYR 1,232,000 or 0.17 sen per basic share compared with MYR 514,000 or 0.14 sen per basic share for the same period a year ago. Higher revenue and profit before tax as compared to the preceding quarter mainly due to the higher trading sale and revenue from new subsidiaries namely Samudra Oil Sdn Bhd and Green Plus Sdn Bhd. The profit increased on lower percentage compared to increase in revenue due to the Group absorbing the impact of the share-based payment expenses. For the six months, the company reported revenue of MYR 65,889,000 compared with MYR 39,071,000 for the same period a year ago. Profit from operations was MYR 12,342,000 compared with MYR 5,176,000 for the same period a year ago. Profit before taxation was MYR 6,107,000 compared with MYR 4,746,000 for the same period a year ago. Net profit attributable to owners of the parent was MYR 4,316,000 or 0.70 sen per basic share compared with MYR 2,926,000 or 0.81 sen per basic share for the same period a year ago. Net cash used in operating activities was MYR 12,528,000 compared with MYR 1,894,000 for the same period a year ago. Purchase of property and equipment was MYR 19,882,000 compared with MYR 17,339,000 for the same period a year ago. With the Group diversified it activity into Oil and Gas industry via acquisition of Samudra Oil Sdn Bhd and the directors expect the Group's operating environment to remain challenging and competitive. Barring unforeseen circumstances, the Board foresees the Group's operational results for the financial year 2014 will be satisfactory.

Destini Berhad Announces Change of Address

Destini Berhad announced that it has changed registered address from Suite 10.03, Level 10, The Gardens South Tower, Mid Valley City, ingkaran Syed Putra, 59200 Kuala Lumpur to No. 10, Jalan Jurunilai U1/20, Hicom Glenmarie Industries Park, 40150 Shah Alam, Selangor Darul Ehsan.

Destini Berhad Announces Contract to Provide Hammer Services and Equipment for Lundin Drilling Campaign

The board of directors of Destini Berhad announced that the contract is to provide Hammer services and equipment for Lundin drilling campaign which does not carry any contract sum. The contract is based on work order to be provided by Lundin as and when they need the services to be performed by Samudra Oil Services Sdn Bhd.


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Valuation DSTN Industry Range
Price/Earnings 38.7x
Price/Sales 4.3x
Price/Book 2.3x
Price/Cash Flow 51.7x
TEV/Sales 4.2x

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