Affin Hwang Capital Research Highlights

Daya - Up-and-coming O&G play

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Publish date: Thu, 01 Aug 2013, 02:03 PM
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This blog publishes research highlights from Affin Hwang Capital Research.

Daya Materials; Not Rated;
Fair Value: RM0.45; DAYA MK


Under-appreciated O&G proxy with solid fundamentals and strong growth prospects. Clear earnings visibility with its RM1.3bn order book to drive 3-year earnings CAGR of 37%. Newbuild Siem Daya 1 set to be the game changer, vying for huge contract in Norway. Fair value of RM0.45 based on 12x FY14F EPS.

Source: HwangDBS Research - 1 Aug 2013

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