Order book ~ RM4bil, got work for few years :)

Market Capital (RM) 827.81m
Number of Share 1.061b
EPS (cent)* 18.25
P/E Ratio 4.27
ROE (%) 13.04
TTM Profit Margin (%) 19.6
5y CAGR - Revenue (%) 3.6
5y CAGR - PAT (%) 5.9
NTA (RM) 1.400
P/B Ratio 0.56

Flying higher upon opening :)

Brtent oil price now is even higher than april and may 2020 :)



Brent Oil Futures Historical Data
Time Frame:

Monthly
11/20/2018 - 11/09/2020

Date Price Open High Low Vol. Change %
Nov 20 40.44 37.22 41.52 35.76 255.44K 7.96%#######################
Oct 20 37.46 42.20 43.57 36.80 20.19K -8.52%
Sep 20 40.95 45.57 46.21 39.31 19.38K -9.56%
Aug 20 45.28 43.61 46.53 42.89 174.31K 4.57%
Jul 20 43.30 41.47 44.88 41.02 14.42K 5.22%
Jun 20 41.15 37.67 43.94 37.00 12.60K 9.27%
May 20 37.66 26.98 38.30 25.50 14.71K 94.83%*****************************************
Apr 20 19.33 26.00 36.40 15.98 637.21K -15.00%**********************************
Mar 20 22.74 48.95 53.90 21.65 7.36M -54.99%

from 71sen in march 2020 rebounded/touched to rm1.50 in apr and rm1.55 in may. now 70sen++, next month back to RM1.50 again or even higher? :)

Date Price Open High Low Vol. Change %
Nov, 2020 0.775 0.745 0.820 0.730 4.12M 3.33%
Oct, 2020 0.750 0.980 0.995 0.740 97.66M -23.47%
Sep, 2020 0.980 1.190 1.210 0.980 76.21M -16.95%
Aug, 2020 1.180 1.150 1.330 1.030 246.45M 2.61%
Jul, 2020 1.150 1.260 1.380 1.140 177.54M -8.73%
Jun, 2020 1.260 1.310 1.440 1.200 317.91M -1.56%
May, 2020 1.280 1.240 1.550 1.210 330.00M 1.59%
Apr, 2020 1.260 1.130 1.500 1.080 622.07M 9.57%
Mar, 2020 1.150 2.300 2.300 0.710 930.44M -50.64%

Limit up , fingers crossed

Biden win lifts world stocks to record peak; dollar fades
Reuters | Nov 09, 2020 04:15AM ET

https://m.investing.com/news/stock-market-news/stocks-seen-buoyant-dollar-likely-to-extend-losses-2343342

https://m.investing.com/news/stock-market-news/wall-street-soars-at-the-opening-lifted-by-vaccine-news-dow-up-1550-pts-2343884

Expecting limit up tomorrow :)

Dayang will fly , dont cut profit too early tomorrow :)

Tiada duanya :)


BENGALURU (Reuters) - European shares jumped to an eight month high on Monday after drugmakers Pfizer and BioNTech flagged strong progress in their COVID-19 vaccine, while Joe Biden's presidential victory raised hopes of a more stable US trade policy.

Pfizer Inc and BioNTech SE said the experimental vaccine was more than 90% effective in preventing COVID-19 based on initial data from a large study.

The pan-European STOXX 600 surged more than 4% and was set for its best day in about six months. Travel and leisure stocks, which have been the hardest hit by the pandemic, were among the best performing sectors, adding more than 10% to hit an eight-month high.

BioNTech's shares jumped more than 27%, while Germany's main stock index added about 6.5%. The index was also boosted by positive trade data for September.

"The news on Pfizer's vaccine has brought down the uncertainty on the vaccine front and has helped markets regain their lost confidence which is even more important now with a second virus wave spreading across Europe," said Andrea Cicione, head of strategy at TS Lombard in London.

A resurgence in virus cases had hit markets hard last month, with the STOXX 600 losing more than 5% after the UK, Ireland and France all announced new nation-wide lockdowns.

But optimism over a win on Saturday by Democratic candidate Joe Biden in the U.S. election saw European stocks swiftly bouncing back, with the STOXX 600 trading about 11% higher in November so far.

"With Biden in the White House, relations with key trade partners are likely to improve," said Milan Cutkovic, a market analyst with Axi.

"Stimulus talks are also likely to resume soon in the United States, and the European Central Bank could announce new measures as early as December." Investor attention has also been on Brexit trade talks, with Britain saying it was open to a "sensible" compromise on fishing and that there was goodwill on both sides to progress towards a trade deal.

The export-heavy FTSE 100 jumped 4.8%, while the British mid-cap index added 4.9%.

In company news, German chipmaker Infineon gained 2.5% as it forecast a nearly 23% jump in revenue in the year ahead.

British homebuilder Taylor Wimpey surged nearly 18%after saying it was set to deliver annual results towards the upper end of expectations as the housing market recovered quicker than expected from a coronavirus-led slump.

(Reporting by Sagarika Jaisinghani and Shashank Nayar in Bengaluru; Editing by Subhranshu Sahu and Chizu Nomiyama)

Good news on vaccine will boost economy and oil price will rebound even stronger :)

Covid-19 vaccine candidate is 90% effective, says manufacturer
Interim analysis of vaccine by Pfizer/BioNTech far exceeds expectations of most experts
Coronavirus – latest updates
See all our coronavirus coverage
Sarah Boseley, and Philip Oltermann in Berlin
Mon 9 Nov 2020 13.18 GMT First published on Mon 9 Nov 2020 11.47 GMT

A healthcare worker with a syringe of the vaccine developed by Pfizer and BioNTech at a hospital in Ankara, Turkey in October.

A vaccine against Covid-19 is in sight, with the announcement of the first interim results in large-scale trials showing the Pfizer/BioNTech candidate is 90% effective, according to the manufacturers.

RM1++ esok??? Sejarah berulang ? :p


Dayang: The rapid price recovery is reassuring – KYY
27 Mar 2020 — In the last few days, the price has gone up from a low of 72 sen to close at Rm 1.04, a rise of

Date Close Volume

10/11/2020. 85sen to 90sen++??????
09/11/2020 0.78 2,892,200
06/11/2020 0.78 4,118,800
05/11/2020 0.785 11,984,600
04/11/2020 0.775 5,795,800
03/11/2020 0.765 3,186,400
02/11/2020 0.76 2,447,000
30/10/2020 0.75 6,506,200
28/10/2020 0.785 2,537,800
27/10/2020 0.80 4,798,800
26/10/2020 0.805 2,791,700
23/10/2020 0.835 2,429,900
22/10/2020 0.85 4,435,600
21/10/2020 0.865 9,405,100
20/10/2020 0.84 3,524,700
19/10/2020 0.855 3,578,700
16/10/2020 0.87 4,894,000
15/10/2020 0.885 3,434,200
14/10/2020 0.885 3,844,800
13/10/2020 0.90 2,909,400
12/10/2020 0.895 5,373,800

Limit up esok? Harga minyak sedang naik dengan gila sekarang :)

Kejatuhan nilai usd juga membantu kenaikan harga minyak


Dayang: the worst is over

Koon Yew Yin Koon Yew Yin
8 months ago


Koon yew Yin 8 March 2020

Practically all the listed shares including Dayang are affected by our recent political upheaval and the Coronavirus outbreak in Wuhan. No investors dare to boast that their holdings are not affected.

As you know, Dayang has gone up from 50 sen to a high of Rm 2.94 within 13 months and during this period I have posted many buy recommendations. Only fools did not follow my recommendation to buy Dayang.

Due to our political upheaval and Coronavirus outbreak Dayang price crashed. I am not ashamed to admit that I too have margin call and I sold some at prices above my cost. I believe the worst is over.

You can see one coup after another had taken place

and the ruling party voted in by the people

in the last General Election is ousted from power.

Like the general public, I am disgusted for this is not how democracy works. I believe democracy will ultimately be restored through people’s power.

Only the next Parliament session can resolve this issue-who has the vote of confidence?

Coronavirus patient’s recovery

Another positive news is that Coronavirus patients are fast recovering in China.

The number of Chinese patients who have recovered from the coronavirus is greater than the number who are still being treated.
The tipping point came in late February, and has held – as of March 6 there have been 53,880 recoveries in China, compared to 23,676 outstanding infections.
The tipping point came around the end of February, according to data compiled by Johns Hopkins University, and has continued strongly since as more and more people get better.

You may like to see a report by CIMB that checks on the ”back-to-work” status in major cities of China and the news that mention China’s ports are clearing after they are back to work. (https://www.reuters.com/article/us-china-health-ports-graphic/chinas-top-container-ports-unclog-backlog-as-virus-curbs-ease-idUSKCN20L0V5)

Based on the reestablishment of our democratic system of government soon and Coronavirus recovery as I describe above, Dayang and most of the good listed stocks will rebound soon.

Even the oil price drops drastically, Petronas will continue to pump because the company has already paid the cost of the oil rigs and Dayang will be awarded more oil rig maintenance contracts. Dayang is the most efficient maintenance contractor. Currently Dayang has more than Rm 2 billion worth of contracts by which Dayang will gain more profit in the next few years.

I have been searching for another stock with similar profit growth prospect as Dayang in vain. I cannot find one for me to spread my investment risk.

Limit up tomorrow, oil price is rising crazily now :)

Dayang plunging to ridiculous level - Koon Yew Yin
Author: Koon Yew Yin Publish date: Tue, 17 Mar 2020, 9:58 AM
Close
I have been watching Dayang plunging down like a hawk and I told all my close friends and relatives to sell all their holdings and hold cash.

It was at its peak Rm 2.95 on 21 March, about 4 weeks ago and it started plunging to close at 88 sen yesterday. It is most likely force selling will continue today. In fact, Coronavirus did not affect the share price because the pandemic started in December last year in Wuhan, China.

Our own political upheaval started about 1 month ago caused the panic selling. As a result, the price dropped so rapidly which caused margin call. The more they sold the more the price dropped which created more force selling. Force selling is a vicious cycle.

Yesterday it dropped 28 sen or 24.4 % to close at 88 sen. It looks like it will continue to drop today due to force selling. It has dropped to a ridiculous level thus creating a good buying opportunity.





2018 revenue Rm 937 million and EPS 17.2 sen

2019 revenue Rm 1,046 million and EPS 24.3 sen

88 sen divided by 24.3 = 3.6 P/E ratio

Last night Dow Jones crashed 2,997 points due to the spreading of the Coronavirus. The US investors are afraid that this pandemic will continue to spread for a long time.

Many countries already have Coronavirus. A few countries are shutting down their cities and a few are shutting down their schools.

Couple with the slump in oil price, all the major stock markets in the world are being depressed by Coronavirus.

As I am writing this piece, Dayang is dropping and within 30 minutes of trading it has dropped another 5 sen or 5.7% with more than 6 million shares traded.

Wah! Suddenly, it started to rebound. Currently many people are rushing to buy food and other necessary things due to the spread of Coronavirus in Malaysia. This bad news will continue to depress our local stock market further. No one know when it will stop dropping.

Investors who have buying power should carefully watch for Dayang to rebound and start buying Dayang. The best time to buy is at the pivoting point when it starts to change its down trend to up trend.

My advice: Remember after a storm, there is a rainbow. Every day you have 2 choices. You can choose to be happy or sad. You must forget the past and hope for a brighter future. Always choose to be happy.

Oil price rose a lot , probably dayang will be above 80sen upon opening , surging higher n higher

Grab before it is too late surging higher once Q3 results are released, etc


Oil price started flying :) hurray!!!!!

LONDON (Reuters) - Oil jumped on Monday by almost 10%, the highest daily rise in almost 6 month, after Pfizer said its COVID-19 vaccine was very effective, and Saudi Arabia said an OPEC+ deal on output cuts could be adjusted to offset rising supply and weak demand.

Brent crude rose US$3.33 cents, or 8.4%, to US$42.78 a barrel by 1216 GMT, and U.S. West Texas Intermediate crude was at US$40.53, up US$3.39 cents, or 9.1%.

Pfizer said the experimental vaccine was more than 90% effective in preventing COVID-19, based on initial data from a large study.

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said the OPEC+ deal on oil output cuts could be adjusted as it has been in the past if there is consensus among members of the group.

The Saudi minister was commenting after being asked whether OPEC+ - which groups OPEC states, Russia and other producers - would stick to existing cuts of 7.7 million barrels per day (bpd), rather than easing them from January to 5.7 million bpd.

Key members of the Organization of the Petroleum Exporting Countries are wary of Biden relaxing measures on Iran and Venezuela, which could mean an increase in oil production that would make it harder to balance supply with demand.

"While a Biden presidency increases the likelihood of Iranian oil supply returning to the market, this is not something that will happen overnight, and we still believe it’s more likely an end of 2021/2022 event," ING said in a note.

The oil prices also found some support from a weaker U.S. dollar driven by Joe Biden becoming president-elect, said Giovanni Staunovo, oil analyst for UBS.

The dollar weakened on Monday, hitting a 10-week low and boosting commodities priced in the greenback as they became more affordable for investors holding other currencies.

China, the world's top crude importer, reported a 12% decline in October imports compared with September.

(Reporting by Bozorgmehr Sharafedin in London, additional reporting by Florence Tan in Singapore; Editing by Kirsten Donovan and Louise Heavens)

Mikecyc and gang masih kutuk till now

In 2019, USD50++ per barrel, dayang reached RM3++, now USD40++ , only 78sen. Huge potential for capital gain :)

When price was being pressed down , investors will accumulate :)

Traders like mikecyc can come in when the price is back to 2019 price :)

So lively now mikecyc also commented :)

KLSE:DAYANG
Business Profile
Dayang Enterprise Holdings Bhd, an investment holding company, provides offshore topside maintenance services, minor fabrication works, and offshore hook-up and commissioning services to the oil and gas companies in Malaysia. The company operates through two segments, Topside Maintenance Services and Marine Offshore Support Services. It is involved in the maintenance of topside structures, pipes, and valves; and onshore fabrication of products, such as pipe and valve systems, and skids, as well as other steel structures comprising hand rails and helideck extensions. The company also provides electrical and instrumentation hook-up and commissioning services, including electrical engineering, system design, equipment and system procurement, wiring, panel installation and wiring, and testing and commissioning services. In addition, it engages in the chartering of marine vessels, including floating accommodation and catering; and provision of rental equipment. Dayang Enterprise Holdings Bhd was founded in 1980 and is headquartered in Miri, Malaysia.

Jangan gaduh, pindah ke oil&gas haha

Brent oil price now is even higher than april and may 2020 :)



Brent Oil Futures Historical Data
Time Frame:

Monthly
11/20/2018 - 11/09/2020

Date Price Open High Low Vol. Change %
Nov 20 40.44 37.22 41.52 35.76 255.44K 7.96%#######################
Oct 20 37.46 42.20 43.57 36.80 20.19K -8.52%
Sep 20 40.95 45.57 46.21 39.31 19.38K -9.56%
Aug 20 45.28 43.61 46.53 42.89 174.31K 4.57%
Jul 20 43.30 41.47 44.88 41.02 14.42K 5.22%
Jun 20 41.15 37.67 43.94 37.00 12.60K 9.27%
May 20 37.66 26.98 38.30 25.50 14.71K 94.83%*****************************************
Apr 20 19.33 26.00 36.40 15.98 637.21K -15.00%**********************************
Mar 20 22.74 48.95 53.90 21.65 7.36M -54.99%

from 71sen in march 2020 rebounded/touched to rm1.50 in apr and rm1.55 in may. now 70sen++, next month back to RM1.50 again or even higher? :)

Date Price Open High Low Vol. Change %
Nov, 2020 0.775 0.745 0.820 0.730 4.12M 3.33%
Oct, 2020 0.750 0.980 0.995 0.740 97.66M -23.47%
Sep, 2020 0.980 1.190 1.210 0.980 76.21M -16.95%
Aug, 2020 1.180 1.150 1.330 1.030 246.45M 2.61%
Jul, 2020 1.150 1.260 1.380 1.140 177.54M -8.73%
Jun, 2020 1.260 1.310 1.440 1.200 317.91M -1.56%
May, 2020 1.280 1.240 1.550 1.210 330.00M 1.59%
Apr, 2020 1.260 1.130 1.500 1.080 622.07M 9.57%
Mar, 2020 1.150 2.300 2.300 0.710 930.44M -50.64%

Likely to Surge suddenly like April 2020 :)

Fingers crossed

Brtent oil price now is even higher than april and may 2020 :)



Brent Oil Futures Historical Data
Time Frame:

Monthly
11/20/2018 - 11/09/2020

Date Price Open High Low Vol. Change %
Nov 20 40.44 37.22 41.52 35.76 255.44K 7.96%#######################
Oct 20 37.46 42.20 43.57 36.80 20.19K -8.52%
Sep 20 40.95 45.57 46.21 39.31 19.38K -9.56%
Aug 20 45.28 43.61 46.53 42.89 174.31K 4.57%
Jul 20 43.30 41.47 44.88 41.02 14.42K 5.22%
Jun 20 41.15 37.67 43.94 37.00 12.60K 9.27%
May 20 37.66 26.98 38.30 25.50 14.71K 94.83%*****************************************
Apr 20 19.33 26.00 36.40 15.98 637.21K -15.00%**********************************
Mar 20 22.74 48.95 53.90 21.65 7.36M -54.99%

from 71sen in march 2020 rebounded/touched to rm1.50 in apr and rm1.55 in may. now 70sen++, next month back to RM1.50 again or even higher? :)

Date Price Open High Low Vol. Change %
Nov, 2020 0.775 0.745 0.820 0.730 4.12M 3.33%
Oct, 2020 0.750 0.980 0.995 0.740 97.66M -23.47%
Sep, 2020 0.980 1.190 1.210 0.980 76.21M -16.95%
Aug, 2020 1.180 1.150 1.330 1.030 246.45M 2.61%
Jul, 2020 1.150 1.260 1.380 1.140 177.54M -8.73%
Jun, 2020 1.260 1.310 1.440 1.200 317.91M -1.56%
May, 2020 1.280 1.240 1.550 1.210 330.00M 1.59%
Apr, 2020 1.260 1.130 1.500 1.080 622.07M 9.57%
Mar, 2020 1.150 2.300 2.300 0.710 930.44M -50.64%

from 71sen in march 2020 rebounded/touched to rm1.50 in apr and rm1.55 in may. now 70sen++, next month back to RM1.50 again or even higher? :)

Date Price Open High Low Vol. Change %
Nov, 2020 0.775 0.745 0.820 0.730 4.12M 3.33%
Oct, 2020 0.750 0.980 0.995 0.740 97.66M -23.47%
Sep, 2020 0.980 1.190 1.210 0.980 76.21M -16.95%
Aug, 2020 1.180 1.150 1.330 1.030 246.45M 2.61%
Jul, 2020 1.150 1.260 1.380 1.140 177.54M -8.73%
Jun, 2020 1.260 1.310 1.440 1.200 317.91M -1.56%
May, 2020 1.280 1.240 1.550 1.210 330.00M 1.59%
Apr, 2020 1.260 1.130 1.500 1.080 622.07M 9.57%
Mar, 2020 1.150 2.300 2.300 0.710 930.44M -50.64%

Brent Oil Futures - Jan 21 (BF1)

Real-time derived

Create Alert
Add to Portfolio
40.49 +1.04 +2.64%
02:18:46 - Real-time derived data. Currency in USD ( Disclaimer )
Type:

Commodity
Group:

Energy
Unit:

1 Barrel
Prev. Close: 39.45 Open: 39.70 Day's Range: 39.47 - 40.67

Brent Oil Futures Historical Data
Time Frame:

Monthly
11/20/2018 - 11/09/2020

Date Price Open High Low Vol. Change %
Nov 20 40.44 37.22 41.52 35.76 255.44K 7.96%
Oct 20 37.46 42.20 43.57 36.80 20.19K -8.52%
Sep 20 40.95 45.57 46.21 39.31 19.38K -9.56%
Aug 20 45.28 43.61 46.53 42.89 174.31K 4.57%
Jul 20 43.30 41.47 44.88 41.02 14.42K 5.22%
Jun 20 41.15 37.67 43.94 37.00 12.60K 9.27%
May 20 37.66 26.98 38.30 25.50 14.71K 94.83%
Apr 20 19.33 26.00 36.40 15.98 637.21K -15.00%
Mar 20 22.74 48.95 53.90 21.65 7.36M -54.99%
Feb 20 50.52 56.16 60.00 50.05 5.27M -13.14%
Jan 20 58.16 66.41 71.75 57.71 5.80M -11.88%
Dec 19 66.00 60.73 68.99 60.30 4.45M 5.72%
Nov 19 62.43 59.45 64.60 59.40 4.79M 3.65%
Oct 19 60.23 59.38 62.34 56.15 5.61M -0.90%
Sep 19 60.78 58.80 71.95 57.23 5.63M 0.58%
Aug 19 60.43 64.09 64.54 55.88 5.98M -7.27%
Jul 19 65.17 65.05 67.65 61.29 5.71M -2.07%
Jun 19 66.55 61.64 66.85 59.45 5.70M 3.19%
May 19 64.49 71.73 73.40 64.37 6.13M -11.41%
Apr 19 72.80 67.58 75.60 67.58 5.49M 6.45%
Mar 19 68.39 66.48 68.89 64.02 4.84M 3.57%
Feb 19 66.03 61.06 67.73 60.46 4.55M 6.69%
Jan 19 61.89 54.12 63.15 52.51 5.48M 15.04%
Dec 18 53.80 59.98 63.73 49.93 4.73M -8.36%
Highest: 75.60 Lowest: 15.98 Difference: 59.62 Average: 52.75 Change %: -31.12

Naim the controlling shareholder

SUBSTANTIAL SHAREHOLDERS No. Name
1. Naim Holdings Bhd
2. Datuk Ling Suk Kiong
3. Urusharta Jamaah Sdn Bhd
4. Tengku Dato’ Yusof Bin Tengku
Ahmad Shahruddin
5. Vogue Empire Sdn Bhd
6. Joe Ling Siew Loung @ Lin Shou Long
7. Datuk Hasmi Bin Hasnan
8. Datin Wong Siew Hong
9. Datuk Amar Abdul Hamed Bin Haji Sepawi
Notes:
Dayang Enterprise Holdings Bhd
(a)
(b) (c) (d)
in the Company pursuant to
No. Name
1. CIMSEC Nominees (Tempatan) Sdn Bhd CIMB For Naim Holdings Berhad (PB)
2. Naim Holdings Berhad
3. Citigroup Nominees (Tempatan) Sdn Bhd Urusharta Jamaah Sdn Bhd
4. Tengku Dato’ Yusof Bin Tengku Ahmad Shahruddin
5. Datuk Ling Suk Kiong
6. Naim Holdings Berhad
7. Vogue Empire Sdn Bhd
8. Kenanga Nominees (Tempatan) Sdn Bhd Datuk Ling Suk Kiong
9. Vogue Empire Sdn Bhd
10. Kenanga Nominees (Tempatan) Sdn Bhd Joe Ling Siew Loung @ Lin Shou Long
11. Joe Ling Siew Loung @ Lin Shou Long
12. HSBC Nominees (Asing) Sdn Bhd
Exempt An For Morgan Stanley & Co. LLC (Client)
No of shares held
145,114,147
90,737,300 84,004,360
62,630,160 48,789,763 44,550,000 32,718,187 31,790,000
28,500,000 23,180,520
19,593,750 17,513,200
%
13.673
8.549 7.915
5.901 4.597 4.197 3.082 2.995
2.685 2.184
1.846 1.650

Naim is the largest shareholder of dayang.

Datuk Hasmi Bin Hasnan
Executive Chairman

imgDatuk Hasmi Bin Hasnan, aged 65, was appointed Executive Chairman of Dayang Enterprise Holdings Bhd on 1 September 2018.

He graduated with a BSc in Estate Management from the London South Bank University, UK in 1978. He is a Senior Certified Valuer with International Real Estate Institute, USA and a member of International Real Estate Federation (FIABCI).

He began his career in 1979 as a valuer in the Land and Survey Department of Sarawak. Since 1982, he has been involved in a wide range of businesses, including valuation, project management, property development and management, construction, timber, manufacturing, trading and publishing. In June 1993, he was appointed the Managing Director of Naim Land Sdn Bhd and in July 2003, he became the Managing Director of Naim Holdings Berhad and has since been the main driving force behind Naim Group's growth and expansion. He was awarded the Property Man of the Year for 2008 by the International Real Estate Federation (FIABCI) in Kuala Lumpur.

He is a Non-Independent Non-Executive Director in Perdana Petroleum Berhad.

Date Range Close Volume
06/11/2020 0.775 - 0.785 0.78 4,118,800
05/11/2020 0.765 - 0.80 0.785 11,984,600
04/11/2020 0.77 - 0.82 0.775 5,795,800
03/11/2020 0.765 - 0.79 0.765 3,186,400
02/11/2020 0.73 - 0.76 0.76 2,447,000
30/10/2020 0.74 - 0.785 0.75 6,506,200
28/10/2020 0.785 - 0.805 0.785 2,537,800
27/10/2020 0.795 - 0.815 0.80 4,798,800
26/10/2020 0.805 - 0.835 0.805 2,791,700
23/10/2020 0.83 - 0.865 0.835 2,429,900
22/10/2020 0.84 - 0.885 0.85 4,435,600
21/10/2020 0.82 - 0.885 0.865 9,405,100
20/10/2020 0.835 - 0.855 0.84 3,524,700
19/10/2020 0.85 - 0.87 0.855 3,578,700
16/10/2020 0.86 - 0.895 0.87 4,894,000
15/10/2020 0.885 - 0.90 0.885 3,434,200
14/10/2020 0.88 - 0.90 0.885 3,844,800
13/10/2020 0.88 - 0.905 0.90 2,909,400
12/10/2020 0.895 - 0.915 0.895

Sinar 2014, Q3 results are always better than Q4. Q3 Results will be released this month. Expecting a strong rebound this month :)

Malaysia has competitive advantage in oil & gas, agriculture

Remember dayang fell to 70sen++ in march n rebound rapidly. The same is expected to happen again :)

Oil price is cyclical. What after bottom and Peak again. Best time to have it kot

Dayang: why every investor must own

Koon Yew Yin Koon Yew Yin
11 months ago


Koon Yew Yin 20 Dec 2019

As long as there is oil, Petronas will continue to pump because Petronas has already paid for the cost of the oil rigs and awarded more maintenance contracts to Dayang. Among the few oil rig maintenance contractors, Dayang is the biggest and the most efficient in this region.

My wife and I have about 35 million Dayang shares. I do not need you to buy to push up the share price to make us richer because the daily volume traded is several millions. Whether you buy or sell, your trading will not affect the share price. There must be many institutional investors buying and selling every day.

My intention for writing this article is sincere and honours. As I said, whether you buy or sell will not affect the share price. As long as there is oil, Petronas will continue to pump because Petronas has already paid for the cost of the oil rigs and awarded more maintenance contracts to Dayang.

I have more than 50 years’ experience in doing business and searching for good shares to buy. Very seldom I can find one with long term profit growth prospect as good as Dayang.

From Google I found that Malaysia started oil exploration activities in shallow waters in the 1970s and started active extraction and production in the 1980s till today. There are currently over 900 offshore platforms of which almost 600 of them are over 20 years old.

Based on these, you can be sure that Dayang will continue to secure more and more oil rig maintenance contracts for many more years to come.

I cannot find another stock that complies with my share selection golden rule of 2 consecutive quarters of increasing profit. Dayang 1st quarter EPS – 0.47 sen, 2 quarter EPS 5.7 sen and 3rd quarter EPS 11.1 sen. It is safe to assume its 4th quarter EPS is the same as its 3rd quarter of 11.1 sen. Its annual EPS will be 27.5 sen. Assuming it deserves to sell at P/E 12 the minimum price should be Rm 3.30 per share.

I am very confident its profit for next year will be more than this year because the company has already resolved its financial constrain by its recent right issues.

If you have found another stock with similar profit growth prospect as Dayang, please recommend it to me

Is Second round approaching??? :)

Dayang: Investment Banks buying aggressively

Koon Yew Yin Koon Yew Yin
7 months ago


Koon Yew Yin 3 April 2020

Yesterday the price shot up 20 sen from Rm 1.15 to close at Rm 1.35, with 64.8 million shares traded. As you know, the daily trading hours are from 9 am to 12.30 and from 2.30 to 5 pm, a total of 6 hours. If you divide 64.8 by 6 = 10.08 million shares traded in 1 hour. In the last couple of weeks, several tens of million shares were traded daily.

Only Investment Banks have so much money to buy so aggressively. Moreover, you cannot see any Investment Bank publish buy recommendation. They are happily buying and thousands of small of small ikan bilis are selling to cut loss.

I wish to point out that Public Invest published a buy recommendation which was carried by The Edge quote “Dayang Enterprise Holdings Bhd (Feb 5, M2.80)
Upgrade to trading buy with a target price of RM3.15: Dayang Enterprise Holdings Bhd is starting to make its presence felt internationally, clinching an umbrella contract in Thailand for the provision of modification works for Block B-17 & C-19 and Block B-17-01.” Unquote.

You can read the whole article which I posted a couple of days ago and you must not forget.

During that period, Investment Banks would encourage you to use more margin finance to buy more shares. Due to force sell, Bursa Malaysia has issued instruction to stop force selling.

You can see from the above price chart that the price has been going up higher and higher in the last few weeks. Based on the rapid rise in the last few weeks, the up-trend reversal is confirmed. Never sell an up-trending stock.

Don’t be so stupid to sell an up-trending stock and be cheated

Commodity prices up n down, rebound is always jadi e.g. Cpo, etc :)


Dayang has very good profit growth prospect. Dayang’s EPS 24.3 sen in 2019 and EPS 17 sen in 2018. Its share price went up rapidly to strike a high of Rm 2.94 on 21 February.

Brent crude oil exceeded usd40++ per barrel today... uptrend again :)

Even the oil price drops drastically, Petronas will continue to pump because the company has already paid the cost of the oil rigs and Dayang will be awarded more oil rig maintenance contracts. Dayang is the most efficient maintenance contractor. Currently Dayang has about Rm 4 billion worth of contracts by which Dayang will gain more profit in the next few years.

I have been searching for another stock with similar profit growth prospect as Dayang in vain. I cannot find one for me to spread my investment risk.

Maintain MARKET PERFORM. Post-results, we slashed FY20/21E earnings by 59%/50%, accounting for lower topside maintenance work orders and vessel utilisations. Following so, our TP is also skimmed to RM1.20 (from RM1.30 previously) – pegged to 0.8x PBV, which is roughly -1SD from its mean valuation.

Overall, it lacks catalyst at the moment given the overall weaker activity levels within the upstream space, coupled with looming impairment risks. Re-rating catalyst may re-emerge upon a visible recovery in the oil and gas sector, prompting improvements in offshore activity levels.

Risks to our call are: (i) stronger-than-expected work orders, (ii) higher-than-expected margins, and (iii) higher-than-expected vessel utilisation.

Source: Kenanga Research - 24 Aug 2020

Keep some as part of a portfolio :)


Based on their predictions, in the fourth quarter of 2021 Brent crude futures will average $53.50 per barrel, while WTI futures will average $50.31 per barrel. ... Analysts at Citigroup predict Brent Crude to average around $55 per barrel next year and hike to $60 per barrel by the end of 2021.Oct 26, 2020

Brent Crude 40.44 +2.51%(11 Minutes Delay

Undervalued

Date Price Target Source News
28/10/2020 1.25 PUBLIC BANK Price Target News
24/08/2020 1.25 PUBLIC BANK Price Target News
24/08/2020 1.27 MIDF Price Target News
24/08/2020 1.20 KENANGA

Looking ahead, we believe that the outlook in the second half of 2020 will improve considerably, as crude oil price has also stabilised at a healthy level, which bodes well for the oil and gas industry.

“In addition, our order book remains strong at an estimated value of RM3.8 billion, which will ensure healthy earnings visibility over the next few years,” it said.

Expecting a rebound to rm1++ fingers crossed

KEY CLIENTS & PROJECTS

COUNTRY CLIENT(S) PROJECT NAME AND SUMMARY OF WORK SCOPE
Malaysia Peteonas Carigali Sdn Bhd Provision of brownfield major modification work for Bardegg-2 and Baronia EOR Development Project
Malaysia Sarawak Shell Berhad/ Sabah Shell Petroleum Corporation Provision of hook-up and topside maintenance services 2013-2018 for SSB/SSPC
Malaysia Petronas Carigali Sdn Bhd Provision of hook-up and topside major maintenance services 2013-2018 (Package A)
Malaysia Murphy Sarawak Oil Co Ltd Provision of hook-up and topside major maintenance services 2013-2018
Malaysia JX Nippon Oil & Gas Exploration (Malaysia) Limited Provision of hook-up and topside major maintenance services 2013-2018

Dayang Enterprise Holdings Bhd ("Dayang") was incorporated in Malaysia on 10 October 2005 as an investment holding company. Dayang has three wholly-owned subsidiaries principally involved in the provision of offshore topside maintenance services, minor fabrication operations, offshore hook-up and commissioning and charter of marine vessels relating to the oil and gas industry.

Mr Ling Suk Kiong is the founder of Dayang Group. The history of the Group can be traced back to the incorporation of its subsidiary, Dayang Enterprise Sdn Bhd (DESB) in 1980. The company initially ventured into the trading of hardware materials and supply of manpower for the offshore Oil and Gas industry. In 1991, DESB obtained its first contract from Sarawak Shell/Sabah Shell for the provision of maintenance services focusing on topside structures.

From its humble beginning in 1980 with only 4 staff, Dayang has grown from strength to strength. Apart from its head office in Miri, Sarawak, it has a branch office in Kuala Lumpur as well as operation /warehouse/fabrication yards in Bintulu, Labuan, Kota Kinabalu and Kemaman.

With the acquisition of a four acre yard in Ranca Ranca, Labuan and also the development of another three acre fabrication yard in Telok Kalong, Kemaman, Terengganu, Dayang has doubled its fabrication yard space from its existing six acres yard in Labuan. These acquisitions enable Dayang to handle minor fabrication works for hook-up and commissioning works in the oil and gas sector.

Dayang is also rank top 3 amongst companies that undertake offshore topside maintenance services and hook-up commissioning services out of more than 50 offshore companies in Malaysia.

On 24 April 2008, Dayang made its debut on the Main Board of Bursa Malaysia Securities Berhad.

Date Price Open High Low Vol. Change %
Nov, 2020 0.775 0.745 0.820 0.730 4.12M 3.33%
Oct, 2020 0.750 0.980 0.995 0.740 97.66M -23.47%
Sep, 2020 0.980 1.190 1.210 0.980 76.21M -16.95%
Aug, 2020 1.180 1.150 1.330 1.030 246.45M 2.61%
Jul, 2020 1.150 1.260 1.380 1.140 177.54M -8.73%
Jun, 2020 1.260 1.310 1.440 1.200 317.91M -1.56%
May, 2020 1.280 1.240 1.550 1.210 330.00M 1.59%
Apr, 2020 1.260 1.130 1.500 1.080 622.07M 9.57%
Mar, 2020 1.150 2.300 2.300 0.710 930.44M -50.64%
Feb, 2020 2.330 2.650 3.010 2.280 204.09M -15.88%
Jan, 2020 2.770 2.510 2.950 2.320 200.76M 10.36%
Dec, 2019 2.510 2.040 2.560 2.040 148.73M 23.04%
Nov, 2019 2.040 1.846 2.140 1.760 216.56M 9.97%
Oct, 2019 1.855 1.599 2.093 1.570 268.05M 16.01%
Sep, 2019 1.599 1.323 1.599 1.285 225.28M 20.86%
Aug, 2019 1.323 1.361 1.475 1.266 258.52M -3.43%
Jul, 2019 1.370 1.142 1.446 1.132 360.81M 21.99%
Jun, 2019 1.123 0.909 1.161 0.880 332.66M 21.01%
May, 2019 0.928 1.370 1.408 0.818 563.85M -30.85%
Apr, 2019 1.342 1.342 1.522 1.228 665.78M 1.44%
Mar, 2019 1.323 0.961 1.665 0.942 1.23B 38.97%
Feb, 2019 0.952 0.576 1.009 0.561 556.76M 68.20%
Jan, 2019 0.566 0.504 0.600 0.490 51.90M 10.12%
Dec, 2018 0.514 0.542 0.600 0.480 32.61M -0.96%
Highest: 3.010 Lowest: 0.480 Difference: 2.530 Average: 1.347 Change %: 49.326

PE ratio 4+ & P/b value ~0.5x undervalued

We do not expect the upcoming U.S. elections to derail our bullish forecasts for oil and gas prices, with a Blue Wave likely to be in fact a positive catalyst," Goldman Sachs' commodities team wrote.
A Biden administration could provide a further boost to oil prices by making production — especially for shale — more expensive and more regulated.
The bank expects tightness in U.S. oil and gas supply even as rig count in the shale-rich Permian Basin starts to creep upward for the first time since waves of closures began in March.

Goldman sees improved demand in 2021 and tighter supply for both gas and shale oil superseding election results, though a Biden administration could provide a further boost to oil prices by making production — especially for shale — more expensive and more regulated.

If elected, Biden seeks to achieve a carbon pollution-free energy sector by 2035, and analysts expect his administration to impose regulations that would increase shale production costs with things like taxes and methane restrictions, which the Donald Trump administration had eased. Goldman estimates such taxes could increase costs by as much as $5 per barrel. And expected dollar weakness under Biden also provides upside risk to prices.