TECHNICAL ANALYSIS ON DAYANG ENTERPRISE AND

JOHORE TIN BERHAD

NAME: MUHAMAD AZIZI AKMAL BIN ZUKIFLE

NO MATRIC: 2017247834

LECTURER:MISS NUR AQILA MUHAMAD NAZORI

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 TABLE OF CONTENT

CONTENT PAGES

INTRODUCTION 3-6

COMPARISION BETWEEN KLCI VS STOCK 7-8

TREND ANALYSIS 9-10

PRICE PATTERN 11-14

TECHNICAL OVERLAY 15-18

TECHNICAL INDICATOR AND OSCILLATORS 19-26

RECOMMENDATION 27-28

CONCLUSION 29

REFERENCES 30

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 COMPANY BACKGROUND

Dayang Enterprise Holdings Berhad (DESB )

Dayang Enterprise Holdings Berhad (Dayang) (712243-U) is an investment holding company

that has three wholly owned subsidiaries under its wing -- Dayang Enterprise Sdn Bhd
(DESB) (61505-V), DESB Marine Services Sdn Bhd (DMSSB) and Fortune Triumph Sdn
Bhd (FTSB).The company’s operations commenced with DESB in 1980 whose initial
business was the trading of hardware materials and supply of manpower for the offshore oil
and gas industry.This was however expanded to include provisioning of maintenance
services, fabrication operations, hook-up and commissioning and charter of marine vessels.
Since its inception, the company has been awarded with numerous contracts including those
by Petronas Carigali, Sarawak Shell Berhad and ExxonMobil.

In line with its emphasis on quality, DESB was accredited with an MS ISO 9001:2015 Quality
Management System certified by SIRIM QAS International Sdn Bhd in June 2017.Dayang
also received the Grand Award from ExxonMobil and Petronas Carigali, in recognition of
safety excellence in 2004. Since 2002, Dayang has been the annual recipient of Petronas
Carigali Certificate of Appreciation.

Dayang, who has to date over 2,000 employees and recorded total group revenue of
RM708.2 million for the financial year ended 31 December 2016, is widely recognized as a
reputable provider of maintenance and support services within the oil and gas industry.

PRINCIPLE ACTIVITY AND DIVERSIFIED ACTIVIES

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Dayang Enterprise Sdn Bhd (DESB)
A wholly owned subsidiary of Dayang and licensed by Petronas, DESB commenced operations
in October 1980 and is principally involved in the provision of maintenance services for Topside
structures, pipes and valves, electrical and instrumentation, fabrication operations, and hook-up
and commissioning services for the oil and gas industry.

DESB Marine Services Sdn Bhd (DMSSB)

DMSSB, a subsidiary of Dayang, began operations in May 2005 and is involved in the chartering
of marine vessels, including floating accommodation and catering.DMSSB possesses its own
marine vessels, the first being "Dayang Pertama", a 189-personnel maintenance and
accommodation workboat, which was completed in the second quarter of 2005. The vessel is
currently used to provide offshore accommodation for the company’s contract with Petronas
Carigali Sdn. Bhd.DMSSB also has a straight supply vessel known as "Dayang Maju" that was
commissioned in February 2006."Dayang Berlian" a sister vessel of Dayang Pertama was
completed and delivered in January 2007."Dayang Nilam", an accommodation workboat was
purchased by DMSSB in February 2008 and refurbished to meet current marine
specifications."Dayang Zamrud", another sister vessel of "Dayang Pertama", was completed and
delivered in July 2009. This vessel, also a 189 personnel maintenance and accommodation
workboat is chartered to Brunei Shell.DMSSB also acquired another supply boat known as
"Dayang Cempaka" that was delivered in May 2011."Dayang Topaz", a 80.4 m workboat was
completed and delivered in February 2012. It is equipped with sophisticated facilities with a
capacity to accommodate nearly 200 personnel with a big open deck space and a 45-tonne
capacity crane."Dayang Opal", a sister vessel of "Dayang Topaz" was completed and delivered
on 28 January 2014."Dayang Ruby" another sister vessel of "Dayang Topaz" was completed and
delivered in February 2015.

Fortune Triumph Sdn Bhd (FTSB)

FTSB, which commenced operations in 1999, provides rental equipment and machinery to
support the operations of DESB.

Perdana Petroleum Berhad (PPB)

PPB is an investment holding company listed on the Main Market of Bursa Malaysia Securities
Berhad. PPB owns sixteen (16) vessels and the principal activities of its subsidiaries are
provision of marine support services for the oil & gas industry. This synergistic tie-up with PPB
provides a strategic access to vessels, thus increases Dayang's marine and vessels capabilities.

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JOHORE TIN BERHAD

Johore Tin Berhad (JTB) was incorporated in Malaysia on 22nd November 2000 as a public
limited company under the Companies Act, 1965. It was listed on the then Second (2nd) Board of
Bursa Malaysia in 2003 with an issued and fully paid-up capital of RM43,986,000, which are
operate by three (3) main subsidiaries in the tin can manufacturing segment. And subsequently
transferred to the Main Board of Bursa Malaysia in 2006. As at to-date, JTB having an issued
and fully paid-up capital of RM310,479,986.

PRINCIPLE ACTIVITY AND DIVERSIFIED ACTIVIES

TIN CAN MANUFACTURING

Johore Tin Factory Sdn. Bhd.

Unican Industries Sdn. Bhd.

Kluang Tin & Can Factory Sdn. Bhd.

FOOD & BEVERAGE

Able Dairies Sdn. Bhd.

Able Food Sdn. Bhd. (96%)

Able Dairies Marketing Sdn. Bhd. (51%, owned by Able Dairies Sdn. Bhd.)

Able Dairies Mexico (43.13%, owned by Able Dairies Sdn. Bhd. – Joint Venture)

Able Packaging Mexico (54.02%, owned by Able Dairies Sdn. Bhd. – Joint Venture)

Currently, the Group is categorised into three (3) reporting segments, namely Investment
Holding, Tin Can Manufacturing and Food and Beverage segments. JTB is principally engaged in
the business of investment holding and the provision of management services. Whilst, the
subsidiaries in tin can manufacturing segment are primarily involved in the manufacturing of
various tins, cans, other containers and printing of tin plates services. For Food and Beverage
segment, the subsidiaries are involved in the manufacturing and selling of milk and other related
dairy products.

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Currently, JTB Group of companies comprise of four (4) wholly-owned subsidiaries, one (1)
subsidiary with 96% owned shareholdings, two (2) second-tier subsidiaries with 54.02% and 51%
owned shareholdings respectively which are controlled by Able Dairies Sdn. Bhd. and one (1)
associate company with 43.13% owned shareholdings which is also owned by Able Dairies Sdn.
Bhd., details are disclosed in the Corporate Structure of the Group as reference.

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Comparative Analysis a. Performance comparison between FTSE
BM KLCI vs DAYANG ENTERPRISE and JOHORE TIN BERHAD.

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ONE YEAR PERCENTAGE CHANGES

STOCK % PRICE CHANGES (16/5/19-15/5/20)

KLCI -12.58
DAYANG 19.71
JOHORE TIN 1.42

KLCI vs Dayang Enterprise

Dayang Enterprise has outperform KLCI by 32.62 % on price change on one-year
timeframe.

KLCI VS Johore Tin Berhad

Johore Tin Berhad has outperform KLCI 15.31% on price changes on one year time frame.

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Trend Analysis
Illustration of Trendline

Trends in charts are the direction of where the price of a security is moving. These
prices are determined by the activities in the market. A bullish market is in uptrend where the
activity dominating is buying. A bearish is in downtrend where the activity dominating is
selling. A sideways trend is due to the security or market participants are highly active in
both buying and selling activities. These three trends are used by chartists to confirm the
direction of prices and determine when the prices are going move in a different trend so they
may decide for a specific strategy. These trendlines are very helpful for chartists as they will
call out for points to sell or buy an asset.

DAYANG ENTERPRISE

Based on the chart above, the major trend happens from late May 2019 until early March
2020 which in uptrend. Intermediate trend runs for 2 months from early may until early June
2019.

Minor trend last for only a week from 23 July to 30 July in down trendline. The price has
increase rapidly from RM0.80 to RM3.00.

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JOHORE TIN BERHAD

Based on the figure, the major trend starts at early November 2018 until February 2020.it
last for one year and three months. The price has since gone up from RM0.83 to RM1.90.

Short term trend starts on 26 April to 27 may 2019 in downtrend. Intermediate trend starts
with a rally from October to December 2020.

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PRICE PATTERN
DAYANG ENTERPRISE
Reversal

The chart above shows a formation pf double bottom pattern. A double bottom
chart pattern is a chart pattern used in technical analysis to describe the fall in price of a
stock or index, followed by a rebound, then another drop to a level that’s roughly similar to
the original drop, and finally another rebound. Consequently, the double bottom chart pattern
resembles the letter “W”.

This “W” pattern forms when prices register two distinct lows on a chart. However, the
definition of a true double bottom is achieved only when prices rise above the highest point
of the entire formation, leaving the entire pattern behind.

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Continuation

The chart above shows a formation of a descending triangle. In descending triangle, the
upper trendline is descending and the lower trendline Is flat. This is usually seen as a
bearish pattern where chartist look for a downside breakout. Trader will enter into a short
position on a break below support

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JOHORE TIN BERHAD
Reversal

A Triple Top is a chart pattern that consists of three equal highs followed by a break below
support. The chart pattern is categorized as a bearish reversal pattern. The appearance of
the Triple Top indicates the existence of an uptrend, which is currently in the process of
reversing into a downtrend. Buying pressure is declining so the uptrend is running out of
steam. With a Triple Top, the support level can be identified by drawing a line at the base
level of the lows, which forms a Neckline. You can choose to enter into a short position once
the price level falls through this support level.

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Continuation

A Cup and Handle is a bullish continuation chart pattern that marks a consolidation period
followed by a breakout. The cup forms after a downtrend is followed by an uptrend and looks
like a bowl or rounding bottom. As the cup is completed, price trades sideways, and a
trading range is established on the right-hand side and the handle is formed. A breakout
from the handle’s trading range signals a continuation of the previous uptrend. The buy point
occurs when the asset breaks out or moves upward through the old point of resistance (right
side of the cup).

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TECHNICAL OVERLAY
Illustration of Simple Moving Average

A simple moving average (SMA) is formed by adding the closing price of the security
for a number of time periods and then dividing this total by the number of time periods.
Short-term averages respond quickly to changes in the price of the underlying, while long-
term averages are slower to react. Moving averages do not predict the direction but define
the current direction with a lag. The indicator is lag because they are based on past prices.

Based on the chart above, the blue line which indicates short-term moving averages
(MA) which is 20-day. To know if it is a buy signal, the stock price will cross above the MA
line, for example, on 19 November 2019. For the selling signal, the stock price will cross
below the MA line. For example, on 24 February, we can see the blue line across below the
MA line that shows the sell signal. The chart also shows the downtrend movement after the
selling signal until end of march 2020.

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Johore Tin Berhad

Based on the chart above, the blue line which indicates short-term moving averages
(MA) which is 20-day. To know if it is a buy signal, the stock price will cross above the MA
line, for example, on 25 October 2019. For the selling signal, the stock price will cross below
the MA line. For example, on 12 December 2019, we can see the blue line across below the
MA line that shows the sell signal. The chart also shows the sideways movement after the
selling signal then proceed with a downtrend.

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Illustration of Double Simple Moving Average

What differs Double Simple Moving Average (SMA) from Simple Moving Average
(SMA) is the relationship, which meant by SMA involves relationship between the stock price
movement and moving average line while Double SMA involves relationship between short-
term moving average line and long-term moving average line to determine signals.

Dayang Enterprise

Based on the chart above, the blue line is the shorter moving average line (20-day)
and the red line indicates longer moving average line (50-day). If the shorter MA line crosses
above the longer MA line, it indicates that it is a buy signal and occurs on 26 July 2019. But if
the shorter MA line crosses below the longer MA line, it indicates that is the sell signal, for
example on 2 march 2020.

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 Based on the chart above, the blue line is the shorter moving average line (20-day)
and the red line indicates longer moving average line (50-day). If the shorter MA line crosses
above the longer MA line, it indicates that it is a buy signal and occurs on 11 November
2019. But if the shorter MA line crosses below the longer MA line, it indicates that is the sell
signal, for example on 6 February 2020.

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TECHNICAL INDICATORS & OSCILLATORS
Illustration of Moving Average Convergence Divergence

Moving Average Convergence Divergence (MACD) is one of the most well-known

and used indicators in technical analysis. It is used to signal both the trend and momentum
behind a security. The MACD is simply the difference between these two moving averages,
which are generally a 12-period and 26-period EMA. So, MACD is a trend following
momentum indicator that shows the relationship between two moving averages of prices.
The histogram is positive when the MACD line is above its signal line and negative when
MACD line is below its signal line.

Dayang Enterprise

Based on the chart above, the blue line is known as the signal line while the red line
is the sell signal. As we can see, on 3 th June 2019, 6th September 2016, and 20th November
2019, it shows the buy signal. This is because the MACD line crosses above the signal line
and also the MACD histogram turns up below zero. Next, on 18 July 2019, 22 October 2019,
and 31 December 2019, it shows the sell signal where the MACD line crosses below the
signal line and the histogram turns down above zero.

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Johore Tin Berhad

Based on the chart above, the blue line is known as the signal line while the red line
is the sell signal. As we can see, on 29 November 2019 and 10 February 2020, it shows the
buy signal. This is because the MACD line crosses above the signal line and also the MACD
histogram turns up below zero. Next, on 19 December 2019 and 25 February 2020, it shows
the sell signal where the MACD line crosses below the signal line and the histogram turns
down above zero.

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Illustration of Relative Strength Indicators

Relative Strength Index (RSI) is a momentum technical indicator that measured the
speed and change of price movements of stocks. It measures the strength of the security’s
recent up moves compared to the strength of its recent down moves. It is plotted between a
range of zero to 100 where 100 is the highest overbought condition and zero is the highest
oversold condition.

Dayang Enterprise

Based on the chart above, the RSI is plotted at a 70% which is the overbought line
and 30% is the oversold line. If the RSI line is moving below 30% and crosses above the
oversold line, it shows that it is a buy signal. For example, on 29 May 2019 and 24 March
2020, it shows that RSI line crosses above the oversold line and buy signal. On the other
hand, if the RSI line is moving above 70% and crosses below the overbought line, it shows
that it is a sell signal. For instance, for the year 2016, investors need to hold the stock and
they will sell on 16 November because the RSI line crosses below the overbought line.

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Johore Tin Berhad

Based on the chart above, the RSI is plotted at a 70% which is the overbought line
and 30% is the oversold line. If the RSI line is moving below 30% and crosses above the
oversold line, it shows that it is a buy signal. For example, 24 March 2020, it shows that RSI
line crosses above the oversold line and buy signal. On the other hand, if the RSI line is
moving above 70% and crosses below the overbought line, it shows that it is a sell signal.
For example, on 18 December 2019

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Illustration of Stochastic

Stochastic is a technical momentum indicator that compares a security’s closing price

to its price range over a given time period. It also helps monitor a trend’s sustainability and
signal reversals in prices. This oscillator ranges from zero to one hundred. There is
overbought line (80%) and the oversold line (20%).

Dayang Enterprise

Based on the chart, stochastic come in two types of line, which are K% (blue line)
and D% (red line). To differentiate them, K% is the more sensitive indicator while D% takes
more time to turn and act as a signal line for K%. On 29 May 2019, it shows the buy signal
where the K% line crosses above the D% line. On the other side, the sell signals show on 27
June 2019. This is because the K% line crosses below the D% line.

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Johore Tin Berhad

Based on the chart, stochastic come in two types of line, which are K% (blue line)
and D% (red line). To differentiate them, K% is the more sensitive indicator while D% takes
more time to turn and act as a signal line for K%. On 6 October 2019, it shows the buy signal
where the K% line crosses above the D% line. On the other side, the sell signals show on 30
November 2019. This is because the K% line crosses below the D% line.

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Illustration of William %R

William R% oscillator act as a measuring overbought and oversold levels. This

oscillitator also compares a stock price’s close to the high-low range over a certain period
(14-days). It has a range from 0 to -100. In terms of chart diagram, it has little similarities to
‘Relative Strength Indicator’ but it is different because of the values of their overbought and
oversold. RSI has an overbought and oversold of 70% and 30% while William R% has an
overbought and oversold of -20 and -80.

Dayang Enterprise

From the chart above, we can see the buy signal and sell signal. Buy signal happen
when the William %R indicator is below the oversold line (-80) and then rises to cross over
the -80 line, for example on 3 June 2019. Besides that, on 16 July 2019 is shows the sell
signal due to the William %R indicator is above the overbought line (-20) and then falls
below the 20 line.

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Johore Tin Berhad

From the chart above, we can see the buy signal and sell signal. Buy signal happen
when the William %R indicator is below the oversold line (-80) and then rises to cross over
the -80 line, for example on 28 June 2019. Besides that, on 16 July 2019 is shows the sell
signal due to the William %R indicator is above the overbought line (-20) and then falls
below the 20 line.

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Recommendation
Dayang Enterprise
Indicators
Single Moving Average
Double Simple Moving Average
Moving Average Convergence
Divergence
Relative Strength Indicator
Stochastic
William R%
Signal
Buy - This is because the stock price is moving
above the moving average line. It is suitable for
short-term investors.
Buy - This is because the shorter moving
average line (20-day) is moving above the longer
moving average line (50-day).
Buy - This is because the MACD line is about to
cross above the signal line. The MACD histogram
is about to cross below zero. This is suitable for
intermediate investors.
Buy – This is because the RSI is below 30, and
then moves up and crosses over the oversold
line. This is suitable for intermediate investors.
Sell - This is because the K% line is about to
cross below the D% line in the overbought line.
This is suitable to short-term and intermediate
investors.
Sell – This is because the William R% indicator is
above the overbought line (-20) and the fall below
the 20 line.
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Johore Tin Berhad
Indicators
Single Moving Average
Double Simple Moving Average
Moving Average Convergence
Divergence
Relative Strength Indicator
Stochastic
William R%
Signal
Buy - This is because the stock price is moving
above the moving average line. It is suitable for
short-term investors.
Buy - This is because the shorter moving
average line (20-day) is moving above the longer
moving average line (50-day).
Buy - This is because the MACD line is about to
cross above the signal line. The MACD histogram
is about to cross below zero. This is suitable for
intermediate investors.
Buy – This is because the RSI is below 30, and
then moves up and crosses over the oversold
line. This is suitable for intermediate investors.
Sell - This is because the K% line is about to
cross below the D% line in the overbought line.
This is suitable to short-term and intermediate
investors.
Sell – This is because the William R% indicator is
above the overbought line (-20) and the fall below
the 20 line.
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CONCLUSION

Dayang Enterprise
Potential investor = The table above shows that the analysis of indicators that can refer by
investors to make decision on Dayang Enterprise stock. All the signal buy or sell in this table
are shown based on the latest stock price and date for the period. Most of the indicators
shown that the buying signal. Based on the current time, it shows and advices to the
investors to hold on the stock because of the recent oil price crash. Since, the main business
of the company is oil and gas, it might not be the best time to invest in this sector.

Existing investor = I strongly recommend to sell the stock to avoid further loses.

Johore Tin Berhad

Potential investor = The table above shows that the analysis of indicators that can refer by
investors to make decision on Johor Tin Berhad stock. All the signal buy or sell in this table
are shown based on the latest stock price and date for the period. Most of the indicators
shown that the buying signal. Based on the current time, it shows and advices to the
investors to buy the stock because most of the indicators give the buy signal.

Existing investor = It recommend to hold on the stock as the stock has a big potential to stay
bullish for the upcoming month.

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REFERENCES
Website
https://finance.yahoo.com/

https://www.isaham.my/stock/dayang

https://www.isaham.my/stock/johotin

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