DAYANG ENTERPRISE HOLDINGS BHD
KLSE (MYR): DAYANG (5141)
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Last Price
1.97
Today's Change
+0.05 (2.60%)
Day's Change
1.88 - 1.97
Trading Volume
5,189,700
Overview
Market Cap
2,281 Million
NOSH
1,158 Million
Avg Volume (4 weeks)
7,985,521
4 Weeks Range
1.61 - 1.98
4 Weeks Price Volatility (%)
97.30%
52 Weeks Range
1.05 - 1.98
52 Weeks Price Volatility (%)
98.92%
Previous Close
1.92
Open
1.90
Bid
1.95 x 18,000
Ask
1.97 x 272,400
Day's Range
1.88 - 1.97
Trading Volume
5,189,700
Financial Highlight
Latest Quarter | Ann. Date
30-Jun-2023 [#2] | 24-Aug-2023
Next QR | Est. Ann. Date
30-Sep-2023 | 17-Nov-2023
T4Q P/E | EY
19.46 | 5.14%
T4Q DY | Payout %
2.28% | 44.45%
T4Q NAPS | P/NAPS
1.31 | 1.50
T4Q NP Margin | ROE
13.17% | 7.73%
Market Buzz
2023-09-22
2023-09-22
2023-09-22
2023-09-22
2023-09-19
2023-09-19
2023-09-19
2023-09-19
News and Blogs
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Company Profile
Sector: ENERGY
Sector: ENERGY
Subsector: ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES
Subsector: ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES
Description:
Dayang Enterprise Holdings Bhd is an investment holding company. The company provides offshore topside maintenance services, minor fabrication works and offshore hook-up and commissioning services for oil and gas companies. It also offers chartering of marine vessels, and equipment hire operation. Its operating segments include Topside maintenance services, Marine charter and catering income, Equipment hire and Investment holding. Dayang generates most of its revenues from Topside maintenance services.
Discussions
27 people like this. Showing 50 of 37,217 comments
Fellow investors, after reviewing further the Q2 23 results, there were 2 records - highest revenue & highest net profit for Q2.
Profit margin has rebounded to nominal.
Q2 revenue is RM 305.7M - this is closer to previous Q3 revenue (357.5M in 2019 & 338.3M in 2022). This implied that coming Q3 2023 revenue would potentially be a record - exceeding 357.5M. This as alluded to in the Q2 report - sustainable ...
Thus given return to nominal profit margin, net profit could be nearer to RM 100M.
Also, utilization of vessels is 72% (Q2 23) - from past records, Q3 utilization would be nearer 85%.
All signs pointing to a promising Q3 results, potentially being record too.
4 weeks ago
EPF ceased as substantial shareholders in Dec22. FIL ceased as substantial shareholders in May23.
With the bright outlooks, I think new institutional Investors will accumulating Dayang at prices below 1.85. As most prediction of target price is at 1.85.
Out of 34 analyst's recommendations,
33 recommended BUY,
1 recommended HOLD.
None recommend SELL
More contracts extension will be announced indicating work order for the coming year up to Dec24 will be sufficient to keep high utilisation of vessels thus good revenue.
New blanket tenders will be finalised in the next 2-3 months. Dayang being an established and good track records company, awards of new exciting contracts can be expected. In turn will bring the share prices to a next higher level.
Last record high at RM3.00 was hit in Feb 2020, just months after the announcement of some contract awards.
3 weeks ago
wow 1.70. RM 2 on the way. rr88 don't forget to show up with your punctured crystal ball
3 weeks ago
Must be bodoh like you
nicky
why directors keeps disposing the shares....
1 hour ago
3 weeks ago
Just one director sold 100000 shares. Three of them are father/mother/son.. They are indirect deemed interest, therefore need to do three announcements respectively.
3 weeks ago
As compared to the last above RM2 share prices at the beginning of 2020.
The financial positions as at 31/12/2022 is much stronger and more impressive than that as at 31/12/2019.
Loan and borrowing was about 800millions as at 31/12/2019
Whilst only about 400million as at 31/12/2022
And there was no dividend payout in 2015-2020
Whilst 2021 and 2022 had dividend payments.
Therefore, there is no doubt that Dayang is now more attractive compared to the previous RM2 price level.
In Jan2020 Dayang share prices achieved to close above RM2.80
Where do you think this round can we targeting ?
2 weeks ago
more new contracts needed if dayang wants to break the $2 ringgit mark.if it can do that perdana will hit 30 cents. best of luck everybody.
2 weeks ago
Yes. As stated in their most recent quarterly reports on page 23, part B3 Prospect, that;
"quite a few ongoing contracts has been extended until FYE 2024. In addition, the contract extensions were given with a moderate revision in unit rates "
Most of their contracts were extended. Some had been announced, and some more are yet to announce soon.
More importantly is that the extensions were with higher unit rates, which in term will produce higher profit margin, as shown in the recent Q2 results.
While awaiting new announcements of contract extensions, I think many analysts will still maintain recommending "BUY" .
Crude oil WTI and Brent oil prices are trending up with more than USD 2 up yesterday.
2 weeks ago
Oil jumps 2% to near 10-month high as OPEC predicts tight supplies By Scott Disavino
September 13, 20233:17 AM GMT+8
https://www.reuters.com/markets/commodities/oil-prices-stable-market-awaits-data-inventories-economy-2023-09-12/
NEW YORK, Sept 12 (Reuters) - Oil prices jumped about 2% to a near 10-month high on Tuesday on a tighter supply outlook and OPEC optimism over the resilience of energy demand in major economies.
Brent futures rose $1.42 or 1.6%, to settle at $92.06 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.55, or 1.8%, to settle at $88.84.
1 week ago
Horrey, Super damn hot Dayang today !
Now Dayang already at
RM1.93 (+0.06) (+3.2 %)
4 days ago
This 'Vicky' must have short-sold @ 1.76, which is the average of the outstanding SHORT positions....BIG LOSS!!!🤣
1 day ago
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Watch out! Second quarter results coincide with crude oil price bull run... hope for an exciting time!?
1 month ago