DAYANG control 60% stakes Of Perdana, while NAIM control another 10% stakes in Perdana. Based on DAYANG and NAIM share price performance, Perdana highly undervalued.
Perdana is the son of Dayang and the mother have shoot up 80% already. Perdana should perform under the subsidiary of Dayang and doing exactly the same business as Dayang. Since Dayang is doing very well, Perdana will do very well under the same mother.
Our chartering activities continued to sustain robust activity level during the fourth quarter of 2018 as vessel utilisation continued to improve amidst strengthening demand for our vessels, particularly from our major shareholder, Dayang Group. Vessel utilisation improved to 73% in the fourth quarter, which is a major improvement compared to the low utilisation of 27% in the first quarter of 2018 and a utilisation of 51% for the same quarter a year ago. This has resulted in the highest quarterly revenue since 2015 which will serve as a key milestone for us to attain better profitability and a faster turnaround going forward. We are cautiously optimistic of our vessel chartering business, thanks to the high number of vessels that have been earmarked for Dayang’s offshore maintenance and the maintenance, construction and modifications contracts with various oil majors where activities have been going full steam ahead. In addition, we strive to maximize our vessel utilisation by exploring all available opportunities not just within the country but also abroad.
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SaveMsiaFromPHGov
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Posted by SaveMsiaFromPHGov > 2019-03-04 02:41 | Report Abuse
Okay, Mr. Ramada. Do share with us, how many big lots of Dayang you have bought, and at what price.