Posted by hng33 > 2 months ago | Report Abuse

Foreign fund is buying.

Posted by 8u29song > 2 months ago | Report Abuse

FIL ASIA HOLDINGS PTE. LIMITED 20/10/2022 Acquired 58,600,100

Posted by 8u29song > 2 months ago | Report Abuse

EMPLOYEES PROVIDENT FUND BOARD0 9/11/2022 Acquired 259,000 -
2. 09/11/2022 Acquired 210,000

Posted by Vicky > 2 months ago | Report Abuse

Too late. Global O

Posted by Vicky > 2 months ago | Report Abuse

EPF will loose money soon like in Serba Dinamik

Posted by syahmir > 2 months ago | Report Abuse

So slow

Posted by 8u29song > 2 months ago | Report Abuse

good QR maybe....

Posted by zeroxweng > 2 months ago | Report Abuse

Good...3 consecutive quarter improving in both revenue and net profit

Posted by Paul5838 > 2 months ago | Report Abuse

Dayang Enterprise announced 3Q results. Cumulative profit of Rm 100+ millions. Earning per share shot up to 9+sen. Declaring single tier interim dividend Rm0.015.

Target price going to be raised to Rm1.50 now?
Now trading at Rm1.28.
Recent intraday high is Rm1.30.

Posted by 8u29song > 2 months ago | Report Abuse

goooood...

Posted by hng33 > 2 months ago | Report Abuse

took profit at 1.28

Posted by hng33 > 2 months ago | Report Abuse

took balance profit at 1.30-1.32

Posted by Paul5838 > 2 months ago | Report Abuse

Today Kenanga raised target price to Rm 1.70!

Posted by Paul5838 > 2 months ago | Report Abuse

Dayang Enterprise Holdings - How Dayang Got Its Groove Back
Date:
2022-11-21
Firm:
KENANGA
Stock:
DAYANG
Price Target:
1.70
Price Call:
BUY
Last Price:
1.34
Upside/Downside:
+0.36 (26.87%)
DAYANG’s 9MFY22 results blew expectations away, thanks to higher work orders at its offshore maintenance coupled with stronger vessel utilisation. Looking ahead, we expect call-ups on work orders to escalate in tandem with the overall recovery in activity levels. We raise our FY22F/FY23F earnings by 36%/28%, lift our TP by 31% to RM1.70 (from RM1.30) and maintain our OUTPERFORM call.

Earnings well exceeded expectations. DAYANG’s 9MFY22 core net profit of RM111m blew expectations away. The number already surpassed our full-year forecast by 28%, and the full-year consensus estimates by 20%. The variance against our forecast came largely from higher work orders at its offshore topside maintenance (TMS), as well as strong vessel utilisation at its marine charter division.

Strongest set of earnings since the pandemic. 9MFY22 saw a YoY turnaround from losses, driven by the resurgence of demand for its offshore TMS work orders, while vessel utilisation for its marine charter has also surged up to 57%, versus 46% last year.

Outlook continues improving. While we may see seasonally weaker earnings for the upcoming two quarters due to the monsoon, we believe overall outlook for 2023 will continue improving from this year – premised on increasing demand for work orders leading to possible rate revisions, with activities likely to continue at an elevated level. This is further backed by DAYANG’s current order book of RM1.6b, which should provide ~2 years of revenue visibility.

Forecasts. Post results, we raise our FY22F/FY23F earnings by 36%/28%, to account for the stronger work orders from offshore TMS, as well as the stronger vessel utilisation for its marine charter.

Maintain OUTPERFORM. Following the earnings upgrade, our TP is also raised to RM1.70 (from RM1.30 previously), pegged to 15x PER on FY23F EPS, which is at a 25% discount versus the average valuation of offshore maintenance peers back in 2014 (being the last year in which Brent crude was trading above USD100/barrel, prior to the recent rally). A discount is applied versus valuations from the previous oil upcycle due to current business climate being much more demanding as clients currently are much more prudent in spending unlike the yesteryears. There is no change to our TP based on its 3- star ESG rating as appraised by us (see Page 4).

Overall, we like DAYANG given: (i) it is a beneficiary of the rising demand for offshore maintenance works in the coming few years, as guided in Petronas’ Activity Outlook, (ii) its market leading position within the offshore maintenance space with the highest market share as competitors are thinning out, and (iii) its improving balance sheet which is expected to turn into a net-cash position in the coming 1-2 years.

Risks to our call include: (i) a sharp decline in oil demand and prices if the global economy slips into a recession, (ii) non-renewal of licenses issued by oil majors, and (iii) the entrance of aggressive new players.

Source: Kenanga Research - 21 Nov 2022

Posted by Vicky > 2 months ago | Report Abuse

aiyoo...oil turun harga...risky...lerrr

Posted by MoneyMakers > 2 months ago | Report Abuse

Strongest oil ctr..love it

Posted by Vicky > 2 months ago | Report Abuse

aiyooo...oil sell down again. naik only temporary saja. cannot sustain

Posted by Vicky > 2 months ago | Report Abuse

Yup...oil will be below USD80 per barrel soon.

Posted by Vicky > 2 months ago | Report Abuse

Recession will reach to USD 50 per barrel.

Posted by MoneyMakers > 2 months ago | Report Abuse

Keep scaring ownself with nonsense (miss boat) while we keep printing money

Posted by fooming > 2 months ago | Report Abuse

CNBC in an interview that Goldman plans to "stick to our guns" with a forecast for $110-a-barrel Brent. That represents more than 30% upside from the current level of around $83.

Posted by goldmans > 2 months ago | Report Abuse

More to come

Posted by MoneyMakers > 2 months ago |

Post removed.Why?

Posted by Vicky > 2 months ago | Report Abuse

Oil colapse below USD80 as predicted. More bad news to come especially towards 2023

Posted by maxprofit2020 > 2 months ago | Report Abuse

EPF keep disposing dayang

Posted by maxprofit2020 > 2 months ago | Report Abuse

oil counters all panic selling this morning

Posted by Vicky > 2 months ago | Report Abuse

Guys...recession is inevitable. So oil is destined to collapse

Posted by MoneyMakers > 2 months ago | Report Abuse

Healthy correction after strong rally

Current oil level still fundamentally strong 4 capex/project

Posted by Vicky > 2 months ago | Report Abuse

Oil collapse further today....

Posted by Vicky > 2 months ago | Report Abuse

EPF is always smart and first to unload

Posted by steven rt > 2 months ago | Report Abuse

Is EPF selling is done or will continue. It's holding is below 5%

Posted by MoneyMakers > 1 month ago | Report Abuse

U’oll actually got buy the dip or 4ever just watch others make money kikiki

Posted by 8u29song > 1 month ago | Report Abuse

yes.....gogogo...

Posted by steven rt > 1 month ago | Report Abuse

On 7th December EPF sold down to below 5% and then started buying & now it's a substantial holder 5.36% (as of today). What's the game? Any reading on this?

Posted by fooming > 1 month ago | Report Abuse

Dayang has been awarded a contract amendment and extension to provide offshore maintenance, construction and modification services from Petronas Carigali Sdn Bhd from Sept 20, 2022 to Dec 31, 2023.

Posted by fooming > 1 month ago | Report Abuse

It did not disclose the value of the contract, clinched via its wholly-owned subsidiary Dayang Enterprise Sdn Bhd, as it is based on work orders issued by Petronas Carigali throughout the extended contract duration

Posted by MoneyMakers > 1 month ago |

Post removed.Why?

Posted by Joker68 > 1 month ago | Report Abuse

Short term trading. EPF can do the same as what retailer is doing too.

Posted by Baby Shark > 1 month ago | Report Abuse

You think can go up RM3 again.. tan ku ku

Posted by joyvest > 1 month ago | Report Abuse

What is the hell is going on ?

Posted by pang72 > 1 month ago | Report Abuse

Hell is hell. Nothing going on.
But oil is crashing

Posted by pang72 > 4 weeks ago | Report Abuse

Ooo.. Itu joy West lose money in Revenue..
Hilang Jo... Hihi..

Don't buy oil la..
Nobody uses Fossil fuel anymore

Posted by Mikecyc > 4 weeks ago | Report Abuse

Haha ah Boyy Moneymaker is shouting here ke … after shouting LU in Hibiscus n Ran Away … Armada is no more window dressing ke ….


Haha. 1) Armada ke : The Boss is Lost over RM 20.0 billion in India Telco investment.. is wanted by India police … 



There r impairments of over RM 4.0 billion within 2016 to 2018 … 
m

Huge debt is reduced a lot in these 2 years .. still a Big Debt … 



The CEO is resigned with getting a one Time Big Big service contract order of over RM 600 million .. 



The New CEO is keep selling Assets to pay debt n maintain Profit … Assets = FPSO n service ship fleet … 



As posted earlier in Hengyuan ， normal ly will has window dressing on September n year end … but never hit TP 60 sen since 2019 .. 



2) Dayang : why EPF eased as Major shareholder…. 



3) Hibiscus : Moneymaker is Shouting Limit Up .. stucked Deep .. still shouting Hib in Hengyuan….ppl oredi cut win at range 1.00 to 1.15 … 



Although oredi settled Tax issue with Local Gov .. but price is down during the news ….

Posted by Mikecyc > 4 weeks ago | Report Abuse

Haha a bit strange loh :

Notice of Person Ceasing (Section 139 of CA 2016)

DAYANG ENTERPRISE HOLDINGS BERHAD
Particulars of Substantial Securities Holder

Name FIL ASIA HOLDINGS PTE. LIMITED
Address 8 Marina View #35-06,
Asia Square Tower 1,
018960
Singapore.
Company No. 200823601K
Nationality/Country of incorporation Singapore
Descriptions (Class)
Ordinary Shares
Name of registered holder Please refer to Remarks
Address of registered holder
BROWN BROS HARRIMN LTD LUX (C) 80, Route D'Esch, L-1470 Luxembourg JP MORGAN, BOURNEMOUTH (C) 1 Chaseside, Bournemouth, Dorset BH7 7DA England POHJOLA BANK PLC (C) Teollisuuskatu 1b, 00510, Helsinki
Date of cessation 22 Dec 2022
No of securities disposed 58,600,100
Circumstances by reason of which a person ceases to be a substantial shareholder
The change was due to the change in organization structure of subsidiaries under FIL Limited
Nature of interest
Deemed Interest

Date of notice 27 Dec 2022
Date notice received by Listed Issuer 05 Jan 2023

Posted by Mikecyc > 4 weeks ago | Report Abuse

Haha a bit strange loh … from Singapore changed to Bermuda :

Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

DAYANG ENTERPRISE HOLDINGS BERHAD
Particulars of Substantial Securities Holder

Name FIL FINANCIAL SERVICES HOLDINGS LIMITED
Address Pembroke Hall 42 Crow Lane Pembroke HM 19
Bermuda.
Company No. 202201792
Nationality/Country of incorporation Bermuda
Descriptions (Class)
Ordinary Shares
Name of registered holder Please refer to Remarks
Address of registered holder
BROWN BROS HARRIMN LTD LUX (C) 80, Route D'Esch, L-1470 Luxembourg JP MORGAN, BOURNEMOUTH (C) 1 Chaseside, Bournemouth, Dorset BH7 7DA England POHJOLA BANK PLC (C) Teollisuuskatu 1b, 00510, Helsinki
Date interest acquired & no of securities acquired

Date interest acquired 22 Dec 2022
No of securities 58,600,100
Circumstances by reason of which Securities Holder has interest
The change was due to the change in organization structure of subsidiaries under FIL Limited
Nature of interest
Deemed Interest

Total no of securities after change

Direct (units)
0
Direct (%)
0
Indirect/deemed interest (units)
58,600,100
Indirect/deemed interest (%) 5.061
Date of notice 27 Dec 2022
Date notice received by Listed Issuer 05 Jan 2023

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha just a ah Boyy Pretender Moneymaker..Shouting Rocket Up .. even Hib is down 1 sen …

Stock: [TSH]: TSH RESOURCES BHD
1 day ago | Report Abuse

Those 2 fellas try scare people from TSH/Hib/Dayang - all rocket 

Clearly nobody care their BS kikiki 

P/s: my post just want remind others - ignore crazy mike/SeeResearch also

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha see this ah Boyy Pretender Moneymaker is a Tin Kosong .. earlier used No One , now used Nobody , is lack of Confidence n blowing like a KON … no wander is No Kuku dan Bola to join the competition:



1) She knew how OTB n TanDavid Team work methods.. What ever go Up shall go Down finally…that’s why She is following to be Pretending a Good ah Boyy… reverse she is Promoting stock with Big Head shouting Limit Up as in Hib .. stucked Deep is still shouting Hib here ..



2) She is following me to post opposite view in Insas … as usual only Tin Kosong , posted without facts n figures. Lucky I didn’t talk to her …

3.) She will copy n paste , then own deleted posts … is Loss until mentally disorder to get attention…

——


Posted by MoneyMakers > 11 hours ago | Report Abuse 

Aiyaa crazy mike everyone here alrdy know/see u crazy 

Nobody care/believe ur BS story alrdy

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha no more Rocket Up Armada ke … Hib down 1 sen is Rocket … Down 3 sen is Rocket Limit Up ke … hahahaha…


Posted by MoneyMakers > 2 months ago | Report Abuse

Start week strong but weak ending

Need catchup with Hib/Armada

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha what a Pretender Moneymaker:

Stock: [TSH]: TSH RESOURCES BHD
1 day ago | Report Abuse

Those 2 fellas try scare people from TSH/Hib/Dayang - all rocket 

Clearly nobody care their BS kikiki 

P/s: my post just want remind others - ignore crazy mike/SeeResearch also

Posted by MoneyMakers > 1 week ago | Report Abuse

Dont doubt oil/oil stocks - china opening leh