DAYANG ENTERPRISE HOLDINGS BHD

KLSE (MYR): DAYANG (5141)

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Last Price

2.20

Today's Change

+0.01 (0.46%)

Day's Change

2.16 - 2.24

Trading Volume

2,651,100


27 people like this.

37,411 comment(s). Last comment by DreamSorcerer 2 weeks ago

Sonnykwaeh

770 posts

Posted by Sonnykwaeh > 2020-04-14 09:36 | Report Abuse

SURE shootabovw 1.30 anytime

tah16600

2,646 posts

Posted by tah16600 > 2020-04-14 09:38 | Report Abuse

The tails r playing can go up meh!

paktua73

18,338 posts

Posted by paktua73 > 2020-04-14 09:51 | Report Abuse

dayang must reach 15m before 12.30..


tut tut
kita lihat siapa bertaruh besar today..
let game begin..

karen koh

990 posts

Posted by karen koh > 2020-04-14 09:53 | Report Abuse

im ready

Sansing

1,028 posts

Posted by Sansing > 2020-04-14 09:59 | Report Abuse

Be a smart players follow where the wind blow. Now the wind is in Minetec

Sansing

1,028 posts

Posted by Sansing > 2020-04-14 10:03 | Report Abuse

Kyy n his macais could be in Mintec now.

Sansing

1,028 posts

Posted by Sansing > 2020-04-14 10:06 | Report Abuse

Not even half trading day, volumes transaction aldy 42m/s

paktua73

18,338 posts

Posted by paktua73 > 2020-04-14 10:12 | Report Abuse

iyaaa why all mention kyy go here laa
kyy go there laa..
lantaklaa dia nk pi mana pun..
kyy laa dok pening margin lost..dia hold dayang 1.30+ maa read all his article..
know better laa..iyaaa


tut tut
kyy will revealed his move selepas settle hutang dia laa..
he need sekurang2nya 1 month to manage back his margin fisilty..ingat senang kaa iyaaa

Sansing

1,028 posts

Posted by Sansing > 2020-04-14 10:15 | Report Abuse

See u in Mintec

bojed

5,064 posts

Posted by bojed > 2020-04-14 10:15 | Report Abuse

Paktua73: hahaha itu la pening kepala saya sana kyy sini kyy bangun tido kyy mandi kyy makan kyy bernafas pun kyy.

Kyy buat duit dari depa la ni hahahha

paktua73

18,338 posts

Posted by paktua73 > 2020-04-14 10:17 | Report Abuse

need 8m++ to go..lai lai..


tut tut
lets go..

stingray_ea

2,765 posts

Posted by stingray_ea > 2020-04-14 10:19 | Report Abuse

look at my pharma (1.40--->1.68--> target 2.5) sui sui.
Dayang everday layang-layang.. how to reach 2. I said up you said down ...tak ada baca buku.

paktua73

18,338 posts

Posted by paktua73 > 2020-04-14 10:22 |

Post removed.Why?

stingray_ea

2,765 posts

Posted by stingray_ea > 2020-04-14 10:23 | Report Abuse

jangan lawan guru(stingray_ea)...

stingray_ea

2,765 posts

Posted by stingray_ea > 2020-04-14 10:42 | Report Abuse

i'm normal trader ??? No mah. Got good record.
4 ekor gajah sudah cukup...

malulah list all,......banyak tak kira......

airasia KO shorties (0.50-->0.85)
armada KO shorties (0.13-->0.19)
dayang KO shorties (0.82-->1.49)
knm KO shorties (0.49-----> telur)

Posted by Latuk Seri Rick Walker > 2020-04-14 10:43 | Report Abuse

If Tan Sir Koon sell, i buy!

LeslieGoh

1,410 posts

Posted by LeslieGoh > 2020-04-14 10:45 | Report Abuse

Buy buy buy all in...

Sonnykwaeh

770 posts

Posted by Sonnykwaeh > 2020-04-14 10:52 | Report Abuse

DAYANG COME STRONG STRONG SHOOT HIGH HIGH SO TO THOSE PEOLPE U CAN MAKE IT . NOW DAYANG IS BUYING TIME .JANGAN SALAH DIRECTION

paktua73

18,338 posts

Posted by paktua73 > 2020-04-14 10:57 | Report Abuse

yes 4m++ to goo lai lai..



tut tut
let see..shark or sardines..

stingray_ea

2,765 posts

Posted by stingray_ea > 2020-04-14 10:59 | Report Abuse

To shorties:

You dont know i can give tips but you CAN NOT bully our brother here during this super hard time like what citibug,epf,ibs...

Now everyone need money for food, saftety, stay...

paktua73

18,338 posts

Posted by paktua73 > 2020-04-14 11:04 | Report Abuse

lai lai let reach 15m before 12.30pm..
this week rally will..depending on today pattern..
come on..come on..


tut tut
lal lal laa lal lal laa...
jerung ketaq kaa..??

enning22

2,932 posts

Posted by enning22 > 2020-04-14 11:10 | Report Abuse

after kyy made exit on dayang , may be tide has changed ,dayang may be heading for an uptrend.

enning22

2,932 posts

Posted by enning22 > 2020-04-14 11:42 | Report Abuse

it did not drop to 1rm or below,simply because opec and russia had agreed to cut daily production,that providing the support., and also America about to open the economy by month end, oil consumption soon to pick up.

stingray_ea

2,765 posts

Posted by stingray_ea > 2020-04-14 11:44 | Report Abuse

see, shorties kalam kabut now.

tak da baca buku candlestick...

Expertise

1,388 posts

Posted by Expertise > 2020-04-14 11:50 | Report Abuse

Haha...who said below 1...Suda mana pergi ...I’m still waiting

probability

14,496 posts

Posted by probability > 2020-04-14 11:51 | Report Abuse

exactly enning22, there is a reason why OPEC cut the throughput by 20% slightly lesser than 'current' demand reduction of 30%...

the demand presently is expected to shoot up by May...as transportation has to work (at least for Food & basic necessity movement) and some countries will open up business like how Malaysia is doing presently..

we will start seeing more cars on the road

further, once oil production is cut, they cannot bring back to production immediately when the demand picks up..that will cause a price spike too high..

and lastly, Dayang does not depend on oil price at all when the price is still profitable for petronas to operate..

Posted by enning22 > Apr 14, 2020 11:42 AM | Report Abuse

it did not drop to 1rm or below,simply because opec and russia had agreed to cut daily production,that providing the support., and also America about to open the economy by month end, oil consumption soon to pick up.

enning22

2,932 posts

Posted by enning22 > 2020-04-14 11:54 | Report Abuse

charting , or candlestick , or any so called technicals ,actually as tracing market psychology mood,while real reason is the complex economy factors change.

bojed

5,064 posts

Posted by bojed > 2020-04-14 11:57 | Report Abuse

Hahaha life is good!

stingray_ea

2,765 posts

Posted by stingray_ea > 2020-04-14 11:57 | Report Abuse

hoh seh hoh se.....mari mari cheap dayang .......

probability

14,496 posts

Posted by probability > 2020-04-14 11:57 | Report Abuse

exactly enning22, there is a reason why OPEC cut the throughput by 20% slightly lesser than 'current' demand reduction of 30%...

the demand presently is expected to shoot up by May...as transportation has to work (at least for Food & basic necessity movement) and some countries will open up business like how Malaysia is doing presently..

we will start seeing more cars on the road

further, once oil production is cut, they cannot bring back to production immediately when the demand picks up..that will cause a price spike too high..

and lastly, Dayang does not depend on oil price at all when the price is still profitable for petronas to operate..

Posted by enning22 > Apr 14, 2020 11:42 AM | Report Abuse

it did not drop to 1rm or below,simply because opec and russia had agreed to cut daily production,that providing the support., and also America about to open the economy by month end, oil consumption soon to pick up.

probability

14,496 posts

Posted by probability > 2020-04-14 11:59 | Report Abuse

Don’t listen to stock tips kcchongnz

Author: kcchongnz | Publish date: Mon, 13 Apr 2020,

https://klse.i3investor.com/blogs/kcchongnz/2020-04-13-story-h1505955007-Don_t_listen_to_stock_tips_kcchongnz.jsp

Hot tip Dayang Enterprise

Dayang has been promoted relentlessly with tens of articles in i3investor, stating that if you don’t buy Dayang, and with margin, you have to examine your record to see why you are so poor. The great promotion started when it was selling at less than RM1.00. After that it reported a quarter of losses, and its share price tanked to below 60 sen. If an investor had paid attention to this tip, he whould have looked at its financial performance and would have found something different from what the public perceived. The losses were mainly due to impairment of plant and equipment. However, its core operation, although suffered accounting losses, had made very good cash flows, and even good free cash flows. In fact, Dayang has had positive free cash flows for all the years, even when the oil price was at its low of US20+ per barrel in 2015. Here is a link explaining that.

https://klse.i3investor.com/blogs/kcchongnz/2019-05-12-story206052-The_cash_tale_of_two_contracting_companies_of_Sendai_and_Dayang_kcchongnz.jsp

With articles and articles of promotion, the share price of Dayang was chased up to RM3.00 per share in just a couple of months ago. Those who held Dayang were told to continue buying, and with margin, as its profit growth seems to have no limit, and they were told that they are stupid fools for selling this up-trending stock. One who have done some valuation would have sensed that the normalized earnings does not justify the rich valuation, and there is no margin of safety holding the stock at this price, and profit should have taken.

The rest is history.

stingray_ea

2,765 posts

Posted by stingray_ea > 2020-04-14 12:00 | Report Abuse

You will love stingray_ea,hate stingray_ea, remember stingray_ea and follow stingray_ea.

FOC tips for all i3

probability

14,496 posts

Posted by probability > 2020-04-14 12:00 | Report Abuse

The cash tale of two contracting companies of Sendai and Dayang kcchongnz

Author: kcchongnz | Publish date: Sun, 12 May 2019

https://klse.i3investor.com/blogs/kcchongnz/2019-05-12-story206052-The_cash_tale_of_two_contracting_companies_of_Sendai_and_Dayang_kcchongnz.jsp

Cash flows of Dayang
....................

Since listing, Dayang only suffered a loss in just one year, that was last year in 2017. However, the loss was besides reduced work orders, to a large extent the high depreciation costs, impairment of property plant and equipment, and high unrealized foreign exchange loss during the period. Even then, its cash flows remained healthy, with positive cash flows from operations (CFFO) and free cash flows (FCF) as the losses were mainly non-cash items. Table 2 in the Appendix shows the cash flows of Dayang over the last few years.

Dayang has had positive CFFO all the years. Even after spending for capital expenses, it still has FCF left behind. Over the last 5 years, total cash inflows from operations were RM1.4 billion and FCF of RM1.2 billion. Average FCF a year for the 5 years was RM237m, or 25 sen a share.

Owing to the excellent FCF over the years, Dayang has been gradually reducing its debt burden from the FCFs through the years. As a result, net borrowing of Dayang has reduced steadily from RM1.5 billion in 2015 to RM821 million in 2018. Net gearing ratio has reduced substantially from 1.25 to 0.73 which is below one now. Coupled with good cash flows, there appears to be no issue on the present gearing and its ability to pay debt.

probability

14,496 posts

Posted by probability > 2020-04-14 12:06 | Report Abuse

Dayang's cash flow before working capital changes was MYR 511 Million for 2019.

Thats half of the current market cap.
....................................

what happens if petronas did not change any of their HUC & MCM activity due to the current oil price?

I was more concern on MCO earlier on Dayang (not the oil price)...but Malaysia seems to be doing pretty well so far on containing the virus spread.

Baby Shark

5,931 posts

Posted by Baby Shark > 2020-04-14 12:22 | Report Abuse

Lagi add lagi untung.. best

paktua73

18,338 posts

Posted by paktua73 > 2020-04-14 12:25 | Report Abuse

due the vol fail to reach 15m as paktua expected..
mean chances to gap down are limited..
let see green hulk strong enough or not to beat the red thanos..


tut tut
esok kian menarik..
paktua postpone to sold or buying for today..

Expertise

1,388 posts

Posted by Expertise > 2020-04-14 12:27 | Report Abuse

Come on I want buy below 1 and reap my fruit above 6...

Baby Shark

5,931 posts

Posted by Baby Shark > 2020-04-14 12:30 | Report Abuse

Nola Pak Tua.. I tahan at 1.22 yesterday, price cannot/no chance turun..

Investor48

1,330 posts

Posted by Investor48 > 2020-04-14 12:44 | Report Abuse

Paktua thumbs up for u..
U really know what u r doing..
And u seem like an honest gentleman..

Hehe..

paktua73

18,338 posts

Posted by paktua73 > 2020-04-14 12:45 | Report Abuse

hahaha good2 baby shark..but..paktua can eat 1.21,1.22,1.23 yesterday how??
thanks Buddy backup..
let we ride on green hulk..paktua hope today can close above 1.30


tut tut
love all dayang supporter

Baby Shark

5,931 posts

Posted by Baby Shark > 2020-04-14 12:49 | Report Abuse

I no auta.. yesterday bought many lots 1.22

paktua73

18,338 posts

Posted by paktua73 > 2020-04-14 12:54 | Report Abuse

thanks baby shark..paktua never say you auta..
just say paktua success penetrate your barrier..
so.. let we ride..
hope dayang can hit 1.30 today..


tut tut
let we see on this afternoon..
vol can break 20m or not today..

uncle ykk

575 posts

Posted by uncle ykk > 2020-04-14 12:59 | Report Abuse

Untung karipap today

Mabel

24,171 posts

Posted by Mabel > 2020-04-14 13:01 | Report Abuse

Wah so nice...

So green...

Sayang Dayang...

Meow..

bojed

5,064 posts

Posted by bojed > 2020-04-14 13:26 | Report Abuse

Dayang, Gamuda-WE and MRCB all are flying yeeeeehaaaaa!!!!!

Won't be long before my MRCB-WB joins its counterparts yeeeeehaaaa!!!!

bojed

5,064 posts

Posted by bojed > 2020-04-14 13:27 | Report Abuse

Baby Shark: May your Dayang portfolio transform into a Great White Shark one day yeeeehaaaa!

Mabel

24,171 posts

Posted by Mabel > 2020-04-14 13:38 | Report Abuse

Meow Meow Meow

probability

14,496 posts

Posted by probability > 2020-04-14 13:55 | Report Abuse

there is a reason why OPEC cut the throughput by 20% slightly lesser than 'current' demand reduction of 30%...
..............................................

the demand presently is expected to shoot up by May...as transportation has to work (at least for Food & basic necessity movement) and some countries will open up business like how Malaysia is doing presently..

we will start seeing more cars on the road

further, once oil production is cut, they cannot bring back to production immediately when the demand picks up..that will cause a price spike too high..

and lastly, Dayang does not depend on oil price at all when the price is still profitable for petronas to operate..

probability

14,496 posts

Posted by probability > 2020-04-14 14:02 | Report Abuse

O&G decommissioning works in big demand

Wednesday, 03 Jul 2019

https://www.thestar.com.my/business/business-news/2019/07/03/og-decommissioning-works-in-big-demand

PETALING JAYA: As more oil and gas (O&G) fields in Malaysia and the region approach the end of their lifespan, the demand for decommissioning works is set to surge.

The value of decommissioning contracts in the region, over the next three years, is expected to reach up to RM6bil, according to estimates by industry players.

UOB Kay Hian Research analyst Kong Ho Meng said while there have not been any large tenders awarded by Petroliam Nasional Bhd (Petronas), it expected contracts to be rolled out from next year.

In Malaysia, he said, about 11% or about 35 of the over 300 platforms have been operating for over 40 years, and more than 200 wells have already been identified to be plugged and abandoned.

Decommissioning is a rapidly developing sub-segment in the O&G sector, which refers to works to safely dismantle and remove wells and platforms to prevent environmental damage.

The growing requirement for decommissioning works relates to the commitment from oil majors to reduce their impact to the environment via late-life asset management.

There are two key services for decommissioning – well abandonment services and upstream facilities dismantling.

In its 2019-2021 activity outlook, Petronas noted the requirement for 50, 40 and 60 well abandonment for the local fields in 2019, 2020 and 2021, as well as the need for the dismantling of several platforms or facilities.

“Activities are expected to intensify as considerable assets have been operating beyond 40 years,” Petronas said in the report.

According to UOB Kay Hian, other indirect beneficiaries from well abandonment works are DAYANG ENTERPRISE HOLDINGS BHD, Petra Energy Bhd, Icon Offshore Bhd, Perdana Petroleum Bhd and DELEUM BHD.

..............................................................

Kong, in the report, added that major offshore commissioning players like Dayang Enterprise and Petra Energy were also looking at opportunities in the decommissioning space.

probability

14,496 posts

Posted by probability > 2020-04-14 14:05 | Report Abuse

With the expected surge in decommissioning work by Petronas alone (MYR 6 billion over 3 years) which is MYR 2b /year a 20% market share means MYR 400 M per annum for Dayang.

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