KUALA LUMPUR (Jan 9): Perdana Petroleum Bhd has inked four time charter party agreements with its major shareholder Dayang Enterprise Holdings Bhd, to supply two accommodation work barges and two anchor handling tug/supply vessels for an estimated RM41.8 million.

The agreements were inked by Perdana Nautika Sdn Bhd and Dayang Enterprise Sdn Bhd (DESB), which are wholly-owned subsidiaries of Perdana Petroleum and Dayang Enterprise, respectively.

The four vessels will be chartered for nine months — "with an option of three monthly extension" — starting from March 1, 2018. The vessels charter is related to the contract secured by Dayang Enterprise for the maintenance, construction and modification works for Baronia Rejuvenation CP 3, said Perdana Petroleum.

"The Perdana Petroleum Group's offshore support vessels operations complement those of Dayang Enterprise, whose principal activities [are] the provision of offshore topside maintenance services, minor fabrication works and offshore hook-up and commissioning services.

"The vessels charter is part of the strategic alliance between Dayang Enterprise and Perdana Petroleum Group where the utilisation of its vessels can be maximised and qualified to bid for more offshore maintenance works," said the group in its filing with Bursa Malaysia.

Perdana Petroleum expects the recurrent related party transaction to contribute positively to its future earnings.

Perdana Petroleum shares inched up 1 sen or 1.96% to close at 52 sen, giving it a market capitalisation of RM404.81 million.

Meanwhile, Dayang Enterprise climbed 3 sen or 3.66% to settle at 85 sen, for a market capitalisation of RM820.09 million.

As expected Dayang taking care of Perdana

Tis for tat ham kar ling iloveshit education

Net Acquisition of shares in open market by KWAP's Fund Manager

Petronas is calling out Immediately

Singaporen buying Hibiscus

S$1 to RM 3 power wil make Hibiscus fly to 1.48

Satisfaction is to know tat invest in Dayang based on original calculations n expectation was not wrong

Profit growing

Singapore AllianceDBS initiate coverage meaning bring in Singapore new investors funds

AllianceDBS Singapore bank TP 1.48 HUAT!!!

Oh ya reach has appointed some new expert to chk d oil wells again

Maybe no oil jz water or jz sour bitter salty no sweet crude

Buy Habiscus get worked b4 proven oil wells

Perdana mon ca ca suffer 2 limit down last time tat y so low

https://klse.i3investor.com/blogs/midfresearch/142179.jsp

Dayang Enterprise Holdings Bhd - Earnings To Stage A Massive Leap In 2018

Profit going to b like 2014 yes 2014 u c right

TP? FV?

In April 2017 b4 oil price ran up private placement done at 1.06 d

https://klse.i3investor.com/additionalListing/5141/26-Apr-2017/16709_2531746200.jsp

Now oil price high n lesser loss from Perdana n 1.5b MCM contract win

Abt 1.5b Sarawak portion won d in d pocket

Prices now more follow closer calculations n MCM contract bt yet to 100% More upside

Profit getting bigger n bigger

Let the profit run

Profit getting bigger n bigger
Let the profit run

Wat is jz 8% gain compare to tis..

http://klse.i3investor.com/servlets/stk/7108.jsp

Overall I m in ok profit d
Perdana ok Dayang wil b good too
Waiting for more

Waiting for more

I m in ok profit d

Knn sui ah

He ain't heavy he is my brother Dayang wil sure make Perdana go up

MM has flooded d market wit saprng share even institution investors has bot up to d necks

Who else is thr to buy to push d price ?

Knn sui ah

Aiya u don't ask so many questions jz look at d price now

More or less same tis has FV together w sentimental value

Don't worry Perdana's bigger customer Dayang wil use its MCM to make sure Perdana biz is very profitable to push d price for private placement

Maybe u don't follow

Cos I Tis time close 2 eyes n buy kau kau See 2018 luck how

1 cent for starting

Longer term investment for 2018

My brain oso tell me Dayang wil use Perdana OSV at very good rates to help Perdana private placement price

QR already priced in No suddenly impairment no worry

U can c I m buying kau kau

invest kau kau in Perdana basing on gut feeling n sentimental value

Hibiscus sui is now jz basing on Sabah EOR PSC news bt later after news fundamental come immediately Sabah EOR wil get 2017 one full year profit Tis one not sell on news

Buy Perdana buy Perdana jz keep coming into my brain

My brain automatic think or feel a lot abt Perdana

Only suddenly impairment wil kill la knn Bt Perdana big impairment d

Today I goin to buy Perdana kau kau basing on gut feeling n sentimental value

Only nid 0.65 not much to b 100% Price now too low

Petronas oso say use OSV don't use helicopter to carry workers oso nid many OSV 110 tis year

Tis time close 2 eyes n buy kau kau See 2018 luck how

Last time got made a lot of profit on Perdana in 2013 tat y like it a lot

Going to invest kau kau in Perdana basing on gut feeling n sentimental value

D feeling if buy now 0.32 Perdana wil gv 100% profit in 2018 jz won't go away

Dayang shd b at least 0.90

Knn wit warrant wil make more n faster

D abv meaning impairment of Perdana is only necessary for d drop in Perdana price if d drop in d price reflect Perdana's fundamental

Regret didn't buy whn Rashid Hussein appear in picture

Valuation of goodwill

Under MFRS 136, Impairment of Assets the Group is required to annually carry out impairment test on the cash generated units (“CGUs”), of which goodwill is allocated. For the purpose of impairment testing, goodwill is allocated to the Group’s operating activities (i.e. marine charter) which represent the lowest level within the Group at which the goodwill is monitored for internal management purposes.

MFRS 136 states that the annual impairment test for the following items may be performed at any time within an annual reporting period, provided that the test is performed at the same time every year. The Group will reassess the valuation of its CGUs as at 30 September 2017 to determine whether there is any indication that its CGUs may be impaired.

The Group has adopted value-in-use (“VIU”) estimations which entail discounting the estimated future cash flows from the continuing use of the CGUs. The recoverable amounts were compared against the carrying amounts of the CGUs

Knn wit firm contracts n all in place Hibiscus has more certain n consistent n growing future profit thn Hy

Like today is wat in store for O&G in 2018 especially for Dayang n Perdana tat hv drop a lot

U bot 0.65 now 0.68 n some more going up

Knn sui ah

Yes buy on breakout not wrong

Stil believe Dayang at least 0.90 Perdana at 0.60

Dayang break out