@Reiko, i think it has to do with the fact that serrba had shown that its earnings is barely affected by the covid....unlike Dayang affected badly due to MCO locally in the last 2 qtrs
Serba unaffected in Qatar O&M jobs, as they did not have MCO like in Malaysia
As expressed by Dayang's management, i am confident coming qtr results of Dayang will be almost back to normal
If you see on 11th Aug, some funds had acquired large chunks on many O&G stocks...as they probably know by next qtr earnings will show up....and they may not get such opportunity to buy cheap by then
Pay attention to the fact that oil prices are beginning to change. As the US presidential election is approaching, oil prices will definitely rise to a high level.
There are three main reasons for the recent changes in oil prices. One of the cuts. Many factories in the United States have shut down during the storm. The presidential election will soon be held. Oil prices will definitely rise.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
probability
14,490 posts
Posted by probability > 2020-08-28 09:30 | Report Abuse
I see management had hinted significant improvement going forward.....
Dayang is quite independent on oil price. The pent up services may fall into coming qtrs....