Deri u r working offshore at d platform?

Jz telling story of extreme to illustrate better

No put in good money for crab

When oil price usd 20 platform is a desert abondance

We maintain Buy with unchanged TP of RM1.20 based on SoP.

Dayang - Waiting for the Better

Author: HLInvest | Publish date: Tue, 10 Oct 2017, 10:29 AM

Highlights

As expected, the company was awarded with Maintenance, Construction & Modification (MCM) Package A from Petronas Carigali on 20th Sept 2017. Contract duration would be for a firm 5 years (Sept 2017- to Sept 2022) with 1 year optional extension.
However, the contract value was not announced as the details of the work scope for the contract is dependent on the final work orders issued (which may vary dependent on market conditions) during the contract period.
Our channel checks and our back-of-the-envelope calculation shows that the portion that Dayang had secured is in the excess of circa RM1bn or higher, which represents a significant boost to its current orderbook of circa RM3bn.
The proposed dividend-in-specie in form of Perdana shares has been approved by shareholders in EGM held on 9th Aug 2017. Completion of the exercise has been postponed from its original target of early Sept 2017 as per circular, as Bursa Malaysia is still determining the pricing of Perdana shares upon share distribution.
We believe that the pricing process is trickier for Perdana as its last traded price was at RM1.55/share, which was way back in 2014. It is understood that the deal would be completed before end of 2017 and it is expected to give Dayang’s shareholders a decent yield from the distribution.
Based on our valuation of RM0.31/share for Perdana, the yield would be at 13% based on latest Dayang share price. We opine that the final value of Perdana share price would be significantly higher due to its steep discount to last traded price and improvement in vessel utilisation.
Overall, 2018 will be a better year for Dayang group as HUC work orders is expected to pick up, backed by RM3bn orderbook.
In addition, we also expect Perdana’s vessel utilisation to improve on the back of higher activities especially in the maintenance segment.
Forecasts
Unchanged.
Risks
Fluctuation in oil price.
Rating
BUY ↔
Completion of incoming corporate exercise represents a catalyst for the company with high dividend yield expected to be generated from distribution of dividend-in-specie. Medium term outlook is positive for the group riding on incoming contracts to be dished out in the sector.
Valuation
We maintain Buy with unchanged TP of RM1.20 based on SoP.

Source: Hong Leong Investment Bank Research - 10 Oct 2017

Now oil price high MCM value oso follow high Good for Dayang

Oil price high higher production higher uses more maintenance If oil price usd 20 platforms left to rot MCM contracts 0 value

Value not known now bcos of oil price If oil price continue to go up Petronas wil sweat its assets as such need more maintenance for those assets versi versa

Those MCM under difference packages No more competitive bidding Jz wait for work orders from Petronas

Dericlock u r so wrong R u sure u in O&G?

Satisfactory

Perdana not yet

Yes wil start at 0.535 but 10,000,000 q to buy 0 selling

Bank shd taken last Perdana price n discount by like 50%

Wow tis may be d reason ppl selling like crazy

battosai123 u margin call whn adjust down tomorrow? Bank no value for Perdana shares?

-0.29 ex 0.535 Dayang tis price possible?

Last 2 hours

OrlandoOIL Tis is d ppl to push Dayang ex to limit up Tuesday

einvest88 belif better sapu Dayang after ex
10/11/2017 16:11

Dayang tomorrow limit up around 0.83 so fast no chance to buy

0.80 new strong support

Dividend worth 0.24 to 0.27

There is no quarrel Dayang is good even very good O&G wit 4.5b contracts

Jz not same view like split 45 55 on either to buy now or ex tomorrow

In a week time after ex everybody wil buy Dayang n oso Perdana cos oil price fly

Jz c Hibiscus d very very very good O&G n all d other lousy O&G oso fly

HaHa Hibiscus goin to go higher thn Dayang 6 figures profit getting bigger n bigger

6 figures profit growing bigger n bigger

Tis is d ppl to push Dayang ex to limit up Tuesday

einvest88 belif better sapu Dayang after ex

Dayang has drop like more thn 20% can b force selling now after fear

Sabah EOR coming d

Tat is y theorytical price has no meaning

Knn sui ah

Sell sell sell now don't wait

Or buy ex 0.345 following confused

Sell sell sell now buy ex 0.52

Let make profits by sweating d fear

For those confused n fear whn ex u oso don't buy safer

It started by greed then confusion now fear

Warren Buffett said whn ppl fear time to buy

Hibiscus is in sweet spot n increased production

Hope it is ppl like wilfred r d wan confused to keep selling now thn big opportunity for me to buy a lot to make big profit later

Wilferd u r confused n wrong Pls dont come n confuse other ppl even more

Tat -0.29 is fix n confirmed by Bursa Dayang ex wil onli b cum reduce by 0.29 Confirm

The onli thing no clear is Perdana wil start trading again at 1.54 or 0.96 I think it is d last price 1.54 n Perdana chances wil limit down one time n a bit more

Haiz guessed right Dayang win MCM contract now oso like tis

Haiz surprised by Dayang Kill by simple calculations n reasonings?

Goin to c tis thru goin to buy cum buy ex n to wil made profits

Perdana jz 0.50?

1b MCM n high oil price at least no new impairment Dayang ex jz 0.685?

Assuming PP push Perdana to 0.50 0.835 mean ex Dayang jz 0.685

I m buying

Confused ppl jz follow ppl sell

Dayang funny ppl r very confused

Not O&G I hv 6 figure profit in Hibiscus

HaHa