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Hong Chew Eu
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From Boom to Bleed: Can Destini Berhad Pull Off a Comeback?

Over the past six years, Destini Berhad’s positioning has evolved from branding itself as a “diversified engineering group” in 2019 to a “globally engaged engineering solutions provider” by 2024. However, its financial performance over this period has been far from inspiring.

In 2024, Destini’s annual revenue stood at just one-third of its 2019 level. It recorded a profit in only one of the past six years. These persistent losses were driven by a combination of structural dependencies, external industry challenges, and internal inefficiencies.

A key issue has been Destini’s historical reliance on government contracts, particularly in the defence and marine sectors - areas where contract flows have diminished in recent years.

Aggressive expansion in the previous decade left the Group with a high fixed cost base. The situation was further exacerbated by impairments on receivables, goodwill from past acquisitions, and obsolete inventories.

The various issues faced by Destini is reflected in its “Quicksand” position on the Fundamental Mapper.

Recognizing these weaknesses, Destini has begun pivoting toward more commercially driven and sustainable sectors, including renewable energy and rail mobility. While the turnaround is still a work in progress, the following will be key indicators of success:

• Consistent operating profits across core segments, without relying on asset revaluations or exceptional items.

• New contract wins in future-focused sectors like renewables and electric rail maintenance.

• Operational restructuring, including cost reductions, disposal of underperforming units, and a streamlined corporate structure.

• Improved financial discipline, evidenced by stronger operating cash flow, reduced debt levels, and less dependence on equity fundraising.
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M Faris Ibrahim
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T7G was in such pattern b4 it steadily rises and stays to sustain at new value...
Angus Eng
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Are you my Destini???
Angus Eng
Shoot Shoot Shoot!
Like · 2 months · translate
Angus Eng
CNY lucky 7 lai
Like · 2 months · translate
Anak Muda
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2 quarter in a row destini turn profit, anytime from now we will see movement of share price
Anak Muda
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Golden Cross is coming, just a matter of time to rocket
Calvin Por
engin start liao...hold tight
Like · 4 months · translate
Anak Muda
ya lor, tight the seatbelt brother
Like · 4 months · translate
MUHAMMAD FAIZ
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y to hold if can goreng now
Calvin Por
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这股慢慢在起。。收票0.36。。等爆发
M.M
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lompat ka esok
Anak Muda
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November is coming guys, just collect hope destini will perform well in coming qr
rhtchuan
Loss 100m as at 30 Jun. Any thought?
Like · 5 months · translate
Anak Muda
like I said before qr turn black , its an opportunity for investor to chip in, the mobility sector will contribute more profit to company
Like · 5 months · translate
Anak Muda
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haha this is bursa when QR is abysmal, the stock price is going to up, when QR is good its vice versa
Zhulfat Zhulfat
so pick up balik nnti la bila drop bawah 25
Like · 5 months · translate
Anak Muda
betul ma50 tu support ngam2 dekat 0.25s , bila naik atas 30 sen menarik dah destini ni
Like · 5 months · translate