Posted by tkl88 > 2020-11-08 02:19 | Report Abuse

Joseph R. Biden Jr. achieved victory offering a message of healing and unity. He will return to Washington facing a daunting set of crises.

Joseph Robinette Biden Jr. was elected the 46th president of the United States on Saturday, promising to restore political normalcy and a spirit of national unity to confront raging health and economic crises, and making Donald J. Trump a one-term president after four years of tumult in the White House.
Mr. Biden’s victory amounted to a repudiation of Mr. Trump by millions of voters exhausted with his divisive conduct and chaotic administration, and was delivered by an unlikely alliance of women, people of color, old and young voters and a sliver of disaffected Republicans. Mr. Trump is only the third elected president since World War II to lose re-election, and the first in more than a quarter-century.
The result also provided a history-making moment for Mr. Biden’s running mate, Senator Kamala Harris of California, who will become the first woman to serve as vice president.
With his triumph, Mr. Biden, who turns 78 later this month, fulfilled his decades-long ambition in his third bid for the White House, becoming the oldest person elected president. A pillar of Washington who was first elected amid the Watergate scandal, and who prefers political consensus over combat, Mr. Biden will lead a nation and a Democratic Party that have become far more ideological since his arrival in the capital in 1973.

Posted by tkl88 > 2020-11-08 02:48 | Report Abuse

Like that next Monday onwards world stock markets including our KLSE will spike up like mad already !

Huat ah ! Heng ah ! Ong ah !

Posted by Victor Yong > 2020-11-09 09:18 | Report Abuse

52 Weeks Range: 0.71 - 3.01
Average Price Target: 1.22
Price Target Upside/Downside: +0.43

Posted by Timercheng > 2020-11-09 09:19 | Report Abuse

Change mindset bro!. See what the world needs.

Posted by Victor Yong > 2020-11-09 09:20 | Report Abuse

OTHERS DAYANG TOPAZ INCIDENT

DAYANG ENTERPRISE HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description DAYANG TOPAZ INCIDENT
The Board of Directors of Dayang Enterprise Holdings Bhd regrets to inform that an incident occurred at one of our work site in Miri offshore in the early hours this morning. We are cooperating with the relevant authorities and our client in the rescue and recovery efforts. We wish to inform that the vessel, Dayang Topaz is not sunk and is still sea worthy. The vessel is adequately covered by insurance and the extent of the damage is yet to be determined.



We thank all those involved in the search and rescue operation including our client and all relevant authorities for their gallant efforts.



The announcement is dated 27 October 2020.

Posted by Victor Yong > 2020-11-09 09:21 | Report Abuse

Dayang (Neutral, TP: RM1.25): Dayang Topaz incident. Dayang Enterprise Holdings is cooperating with the relevant authorities and its client in relation to the incident involving its oil and gas maintenance vessel Dayang Topaz. According to Dayang, its vessel has not sunk and is still seaworthy. (Bursa)

Comments: It was reported that Dayang Topaz rammed into the Baram B oil platform after its anchor cable broke in bad weather. While the damage caused had yet to be determined, we foresee there will be no significant impact to Dayang’s earnings. We understand that Dayang Topaz is working under Petronas’ MCM Package A (Offshore) for the Sarawak Oil contract of which the rates are already included in the lump sum contract. Dayang may likely need to find other vessel as a replacement once the project resumes, which should not be an issue given the availability of its other vessels, including Perdana Petroleum's. Current utilisation is between 55% and 65% with charter rates of around RM55,000 to RM70,000 per day. Maintain Neutral call at TP of RM1.25.

Posted by Victor Yong > 2020-11-09 09:23 | Report Abuse

~rm450mil cash , cash rich company

DAYANG ENTERPRISE HOLDINGS BHD Company No. 200501030106 (712243-U)
Condensed Consolidated Statement of Cash Flows
For the Second Quarter ended 30 June 2020 (Unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax
Adjustments for:-
- Non-cash items
- Non-operating items
Operating profit before changes in working capital Changes in working capital
Inventories
Trade and other receivables
Trade and other payables
Total changes in working capital
Cash generated from operations
Interest received
Income tax paid
Total interest and tax paid
Net cash generated from operating activities
CASH FLOWS FROM INVESTING ACTIVITIES Withdrawal of fixed deposits
Proceeds from disposal of property, plant and equipment Acquisition of property, plant and equipment
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES Repayment of borrowings
Guarantee fee paid
Term loan interest paid
Coupon paid
Net cash used in financing activities
Net increase/(decrease) in cash and cash equivalents Effect of exchange rate movements
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the end of the period
Breakdown of cash and cash equivalents at the end of the period:-
Short term deposits Cash and bank balances
Less: Deposits pledged as security Cash and cash equivalents
Page |5
Corresponding period-to-date (unaudited) 30-Jun-19 RM'000
63,924
53,386
43,583 160,893
(674) (35,087) (96,532) (132,293) 28,600 2,131 (18,993) (16,862) 11,738
1,661 - (12,360) (10,699)
(59,961) - (21,397) (10,881) (92,239) (91,200) (775)
195,649 103,674
44,967
63,130
108,097
(4,423) 103,674
Current period-to-date (unaudited) 30-Jun-20 RM'000
23,130
59,971
19,818 102,919
(114) 188,575 (67,129) 121,332 224,251 5,215 (34,014) (28,799) 195,452
- 6 (28,118) (28,112)
(17,642) (1,767) (3,297)
(20,500)
(43,206) 124,134 5,260
316,915 446,309
371,369 74,940 446,309 - 446,309
The Condensed Consolidated Statement of Cash Flows should be read in conjunction with the audited financial statements of the Group for the financial year ended 31 December 2019 and the accompanying notes attached to this interim financial report).

DAYANG ENT

Posted by Victor Yong > 2020-11-09 09:26 | Report Abuse

Wow, book Order ~rm4bil in hand, safe for the coming few years ... syabas

Prospects

Looking ahead, we believe that the outlook in second half of 2020 will improve considerably as crude oil price has also stabilised at a healthy level which bodes well for the oil and gas industry. In addition, our order book remains strong at an estimated value of RM3.8 billion, which will ensure healthy earnings visibility over the next few years.
We will continue to be vigilant and exercise due care and prudence in the running and administration of the company’s business. We remain confident that our strong execution track record and a healthy balance sheet, will sustain the Group through this challenging period.

Posted by Victor Yong > 2020-11-09 09:28 | Report Abuse

Date Close Volume
06/11/2020 0.78 4,118,800
05/11/2020 0.785 11,984,600
04/11/2020 0.775 5,795,800
03/11/2020 0.765 3,186,400
02/11/2020 0.76 2,447,000
30/10/2020 0.75 6,506,200
28/10/2020 0.785 2,537,800
27/10/2020 0.80 4,798,800
26/10/2020 0.805 2,791,700
23/10/2020 0.835 2,429,900
22/10/2020 0.85 4,435,600
21/10/2020 0.865 9,405,100
20/10/2020 0.84 3,524,700
19/10/2020 0.855 3,578,700
16/10/2020 0.87 4,894,000
15/10/2020 0.885 3,434,200
14/10/2020 0.885 3,844,800
13/10/2020 0.90 2,909,400
12/10/2020 0.895 5,373,800

Posted by Victor Yong > 2020-11-09 09:31 | Report Abuse

Anymore ? Otw


Changes in Director's Interest (Section 219 of CA 2016)

DAYANG ENTERPRISE HOLDINGS BERHAD

Information Compiled By KLSE

Particulars of Director

Name DATUK LING SUK KIONG
Descriptions(Class) Ordinary shares
Details of changes

No
Date of change
No of securities
Type of transaction
Nature of Interest
1
11/03/2020
200,000
Acquired
Indirect Interest
Name of registered holder Joe Ling Siew Loung @ Lin Shou Long
Description of "Others" Type of Transaction
Consideration (if any) RM1.41 per share
2
11/03/2020
1,000,000
Acquired
Direct Interest
Name of registered holder Datuk Ling Suk Kiong
Description of "Others" Type of Transaction
Consideration (if any) RM1.44 per share

Circumstances by reason of which change has occurred Acquisition of shares in open market
Nature of interest Direct and Indirect Interest
Total no of securities after change

Direct (units) 81,579,763
Direct (%) 7.687
Indirect/deemed interest (units) 107,072,944
Indirect/deemed interest (%) 10.085
Date of notice 13/03/2020
Date notice received by Listed Issuer 13/03/2020

Posted by Timercheng > 2020-11-09 09:40 | Report Abuse

whole World need badly for gloves, so concentrate on gloves n related counters if want to make big money

Posted by Timercheng > 2020-11-09 09:45 | Report Abuse

Comfort n Luxchem r good buy for long term

Posted by z5spyglass > 2020-11-09 09:49 | Report Abuse

get out of Dayang. No Prospect. Sleeping and slow

Posted by Victor Yong > 2020-11-09 09:51 | Report Abuse

Orderbook amounts to RM3.8b as of 21 August 2020. Dayang’s orderbook as at 21st August 2020 amounts to RM3.8b (vs RM4.0b in June 2020) and this is expected to last Dayang until 2025. This is inclusive of the recent contract awarded by Sarawak Shell Berhad (SSB)and Sabah Shell Petroleum Company Limited (SSPC) for the provision of Topside Major Maintenance Services for SSB and SSPC. The contract value is estimated to be at about circa RM10.0m and is effective from 23rd July 2020 until end-2020.

Earnings impact. While we do not doubt that Dayang will stage a recovery in the second half of FY20 given that not only demand for crude petroleum and its related products are coming back onstream as a result of the easing of Covid-19 measures worldwide but second half is also typically, Dayang’s strongest period. However, the recovery in demand is expected to be gradual given that newly infected cases of Covid-19 remains elevated in countries where 60% of the world’s crude petroleum demand is coming from which could stunt demand recovery. This, in return is expected to impact work orders received and performed going into 2021. Hence, we are reducing Dayang’s FY21F earnings estimates by - 10.5% as we are expecting gradual recovery in work orders to be received.

Maintain NEUTRAL with a revised TP of RM1.27. All things considered; we are maintaining our NEUTRAL recommendation on Dayang with a revised target price of RM1.27 (from RM1.42 per share previously). Our TP is premised on a revised PER21 of 6.1x pegged to EPS21 of 20.8sen. Our revised target PER is based on the average of Dayang’s 5-year historical PER. We opine that this is fair given that: (i) all the positives have been priced in at this juncture; (ii) challenging operating environment for most oil and gas players following the global spread of Covid-19 which has stunted demand for crude oil and crude oil derivatives as well as; (iii) the oil price war that has resulted in the weakening of the oil price.

That said, we expect Dayang to emerge from the current volatile operating environment successfully given its: (i) improving profit margins on work orders; (ii) improving vessel utilization and financials by Perdana Petroleum and; (iii) strong and proven track record as one of the leading MCM service provider which we opine, will ensure a stable earnings trajectory for Dayang in FY20.

Source: MIDF Research - 24 Aug 2020

Posted by Victor Yong > 2020-11-09 09:58 | Report Abuse

Usd40++ today for Brent crude oil :) on recovery mode , most fund mgrs value it at RM1++

Order book ~rm4bil , cash ~rm450mil

ng- Forced selling is killing shareholders – KYY
10 Mar 2020 — Yesterday Dayang share price dropped 30% or 64 sen to limit down and at the close there ...
Imagekoonyewyin.com › 2020/03/08
Dayang: the worst is over – KYY
8 Mar 2020 — Koon yew Yin 8 March 2020. Practically all the listed shares including Dayang are affected ...
Imagekoonyewyin.com › 2020/04/03
Dayang: Investment Banks buying aggressively – KYY
3 Apr 2020 — Koon Yew Yin 3 April 2020. Yesterday the price shot up 20 sen from Rm 1.15 to close at Rm ...
Imagekoonyewyin.com › 2020/03/18
Dayang plunging to ridiculous level – KYY
18 Mar 2020 — I have been watching Dayang plunging down like a hawk and I told all my close friends and ...

Posted by Victor Yong > 2020-11-09 10:02 | Report Abuse

Opportunity remerges?????

Dayang plunging to ridiculous level

Koon Yew Yin Koon Yew Yin
8 months ago


Koon Yew Yin 17 March 2020

I have been watching Dayang plunging down like a hawk and I told all my close friends and relatives to sell all their holdings and hold cash.

It was at its peak Rm 2.95 on 21 March, about 4 weeks ago and it started plunging to close at 88 sen yesterday. It is most likely force selling will continue today. In fact, Coronavirus did not affect the share price because the pandemic started in December last year in Wuhan, China.

Our own political upheaval started about 1 month ago caused the panic selling. As a result, the price dropped so rapidly which caused margin call. The more they sold the more the price dropped which created more force selling. Force selling is a vicious cycle.

Yesterday it dropped 28 sen or 24.4 % to close at 88 sen. It looks like it will continue to drop today due to force selling. It has dropped to a ridiculous level thus creating a good buying opportunity.

Posted by Victor Yong > 2020-11-09 10:06 | Report Abuse

Would history repeat itself? :)


Dayang: Investment Banks buying aggressively

Koon Yew Yin Koon Yew Yin
7 months ago


Koon Yew Yin 3 April 2020

Yesterday the price shot up 20 sen from Rm 1.15 to close at Rm 1.35, with 64.8 million shares traded. As you know, the daily trading hours are from 9 am to 12.30 and from 2.30 to 5 pm, a total of 6 hours. If you divide 64.8 by 6 = 10.08 million shares traded in 1 hour. In the last couple of weeks, several tens of million shares were traded daily.

Only Investment Banks have so much money to buy so aggressively. Moreover, you cannot see any Investment Bank publish buy recommendation. They are happily buying and thousands of small of small ikan bilis are selling to cut loss.

I wish to point out that Public Invest published a buy recommendation which was carried by The Edge quote “Dayang Enterprise Holdings Bhd (Feb 5, M2.80)
Upgrade to trading buy with a target price of RM3.15: Dayang Enterprise Holdings Bhd is starting to make its presence felt internationally, clinching an umbrella contract in Thailand for the provision of modification works for Block B-17 & C-19 and Block B-17-01.” Unquote.

You can read the whole article which I posted a couple of days ago and you must not forget.

Posted by Victor Yong > 2020-11-09 10:09 | Report Abuse

Oil stocks are trading at much lower levels compared to the start of the year. The S&P Energy Select Sector Index is down 37% year to date. The fall in energy stock prices pushed yields higher, making them extremely attractive.

Posted by Victor Yong > 2020-11-09 10:09 | Report Abuse

Oil demand will rebound sharply in 2021, surpassing ...
oil price rebound 2020 from www.businessinsider.com
14 Jul 2020 — The group's forecast for 2020 demand crept 200,000 barrels per day higher to 23.8 million barrels per day

Posted by Victor Yong > 2020-11-09 10:11 | Report Abuse

Brent oil price already recovered to usd40+++ today

Posted by Victor Yong > 2020-11-09 10:15 | Report Abuse

Can you see the Rainbow otw? :)


Dayang plunging to ridiculous level

Koon Yew Yin Koon Yew Yin
8 months ago


Koon Yew Yin 17 March 2020

I have been watching Dayang plunging down like a hawk and I told all my close friends and relatives to sell all their holdings and hold cash.

It was at its peak Rm 2.95 on 21 March, about 4 weeks ago and it started plunging to close at 88 sen yesterday. It is most likely force selling will continue today. In fact, Coronavirus did not affect the share price because the pandemic started in December last year in Wuhan, China.

Our own political upheaval started about 1 month ago caused the panic selling. As a result, the price dropped so rapidly which caused margin call. The more they sold the more the price dropped which created more force selling. Force selling is a vicious cycle.

Yesterday it dropped 28 sen or 24.4 % to close at 88 sen. It looks like it will continue to drop today due to force selling. It has dropped to a ridiculous level thus creating a good buying opportunity.

2018 revenue Rm 937 million and EPS 17.2 sen

2019 revenue Rm 1,046 million and EPS 24.3 sen

88 sen divided by 24.3 = 3.6 P/E ratio

Last night Dow Jones crashed 2,997 points due to the spreading of the Coronavirus. The US investors are afraid that this pandemic will continue to spread for a long time.

Many countries already have Coronavirus. A few countries are shutting down their cities and a few are shutting down their schools.

Couple with the slump in oil price, all the major stock markets in the world are being depressed by Coronavirus.

As I am writing this piece, Dayang is dropping and within 30 minutes of trading it has dropped another 5 sen or 5.7% with more than 6 million shares traded.

Wah! Suddenly, it started to rebound. Currently many people are rushing to buy food and other necessary things due to the spread of Coronavirus in Malaysia. This bad news will continue to depress our local stock market further. No one know when it will stop dropping.

Investors who have buying power should carefully watch for Dayang to rebound and start buying Dayang. The best time to buy is at the pivoting point when it starts to change its down trend to up trend.

My advice: Remember after a storm, there is a rainbow. Every day you have 2 choices. You can choose to be happy or sad. You must forget the past and hope for a brighter future. Always choose to be happy.

Posted by Victor Yong > 2020-11-09 10:18 | Report Abuse

Share buyback approved too :)

Ordinary Resolution 10

Description Proposed Renewal Authority To Purchase Its Own Shares
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 82 1
No. of Shares 599,326,783 150
% of Voted Shares 99.9999 0.0001
Result Accepted

Posted by Victor Yong > 2020-11-09 10:20 | Report Abuse

RM3++ Fell to 70sen++ big Safety margin.., with all fund mgrs valued it Much higher above current price

Posted by Victor Yong > 2020-11-09 10:30 | Report Abuse

Goldman sees improved demand in 2021 and tighter supply for both gas and shale oil superseding election results, though a Biden administration could provide a further boost to oil prices by making production — especially for shale — more expensive and more regulated.

If elected, Biden seeks to achieve a carbon pollution-free energy sector by 2035, and analysts expect his administration to impose regulations that would increase shale production costs with things like taxes and methane restrictions, which the Donald Trump administration had eased. Goldman estimates such taxes could increase costs by as much as $5 per barrel. And expected dollar weakness under Biden also provides upside risk to prices.

Posted by Victor Yong > 2020-11-09 10:31 | Report Abuse

We do not expect the upcoming U.S. elections to derail our bullish forecasts for oil and gas prices, with a Blue Wave likely to be in fact a positive catalyst," Goldman Sachs' commodities team wrote.
A Biden administration could provide a further boost to oil prices by making production — especially for shale — more expensive and more regulated.
The bank expects tightness in U.S. oil and gas supply even as rig count in the shale-rich Permian Basin starts to creep upward for the first time since waves of closures began in March.

Posted by z5spyglass > 2020-11-09 10:33 | Report Abuse

people sleep for 8 hours, Dayang slept for 3 months

Posted by Victor Yong > 2020-11-09 10:34 | Report Abuse

PE ratio 4+ & P/b value ~0.5x undervalued

Posted by Victor Yong > 2020-11-09 10:37 | Report Abuse

Date Price Open High Low Vol. Change %
Nov, 2020 0.775 0.745 0.820 0.730 4.12M 3.33%
Oct, 2020 0.750 0.980 0.995 0.740 97.66M -23.47%
Sep, 2020 0.980 1.190 1.210 0.980 76.21M -16.95%
Aug, 2020 1.180 1.150 1.330 1.030 246.45M 2.61%
Jul, 2020 1.150 1.260 1.380 1.140 177.54M -8.73%
Jun, 2020 1.260 1.310 1.440 1.200 317.91M -1.56%
May, 2020 1.280 1.240 1.550 1.210 330.00M 1.59%
Apr, 2020 1.260 1.130 1.500 1.080 622.07M 9.57%
Mar, 2020 1.150 2.300 2.300 0.710 930.44M -50.64%
Feb, 2020 2.330 2.650 3.010 2.280 204.09M -15.88%
Jan, 2020 2.770 2.510 2.950 2.320 200.76M 10.36%
Dec, 2019 2.510 2.040 2.560 2.040 148.73M 23.04%
Nov, 2019 2.040 1.846 2.140 1.760 216.56M 9.97%
Oct, 2019 1.855 1.599 2.093 1.570 268.05M 16.01%
Sep, 2019 1.599 1.323 1.599 1.285 225.28M 20.86%
Aug, 2019 1.323 1.361 1.475 1.266 258.52M -3.43%
Jul, 2019 1.370 1.142 1.446 1.132 360.81M 21.99%
Jun, 2019 1.123 0.909 1.161 0.880 332.66M 21.01%
May, 2019 0.928 1.370 1.408 0.818 563.85M -30.85%
Apr, 2019 1.342 1.342 1.522 1.228 665.78M 1.44%
Mar, 2019 1.323 0.961 1.665 0.942 1.23B 38.97%
Feb, 2019 0.952 0.576 1.009 0.561 556.76M 68.20%
Jan, 2019 0.566 0.504 0.600 0.490 51.90M 10.12%
Dec, 2018 0.514 0.542 0.600 0.480 32.61M -0.96%
Highest: 3.010 Lowest: 0.480 Difference: 2.530 Average: 1.347 Change %: 49.326

Posted by Victor Yong > 2020-11-09 10:55 | Report Abuse

Dayang Enterprise Holdings Bhd ("Dayang") was incorporated in Malaysia on 10 October 2005 as an investment holding company. Dayang has three wholly-owned subsidiaries principally involved in the provision of offshore topside maintenance services, minor fabrication operations, offshore hook-up and commissioning and charter of marine vessels relating to the oil and gas industry.

Mr Ling Suk Kiong is the founder of Dayang Group. The history of the Group can be traced back to the incorporation of its subsidiary, Dayang Enterprise Sdn Bhd (DESB) in 1980. The company initially ventured into the trading of hardware materials and supply of manpower for the offshore Oil and Gas industry. In 1991, DESB obtained its first contract from Sarawak Shell/Sabah Shell for the provision of maintenance services focusing on topside structures.

From its humble beginning in 1980 with only 4 staff, Dayang has grown from strength to strength. Apart from its head office in Miri, Sarawak, it has a branch office in Kuala Lumpur as well as operation /warehouse/fabrication yards in Bintulu, Labuan, Kota Kinabalu and Kemaman.

With the acquisition of a four acre yard in Ranca Ranca, Labuan and also the development of another three acre fabrication yard in Telok Kalong, Kemaman, Terengganu, Dayang has doubled its fabrication yard space from its existing six acres yard in Labuan. These acquisitions enable Dayang to handle minor fabrication works for hook-up and commissioning works in the oil and gas sector.

Dayang is also rank top 3 amongst companies that undertake offshore topside maintenance services and hook-up commissioning services out of more than 50 offshore companies in Malaysia.

On 24 April 2008, Dayang made its debut on the Main Board of Bursa Malaysia Securities Berhad.

Posted by Victor Yong > 2020-11-09 10:57 | Report Abuse

KEY CLIENTS & PROJECTS

COUNTRY CLIENT(S) PROJECT NAME AND SUMMARY OF WORK SCOPE
Malaysia Peteonas Carigali Sdn Bhd Provision of brownfield major modification work for Bardegg-2 and Baronia EOR Development Project
Malaysia Sarawak Shell Berhad/ Sabah Shell Petroleum Corporation Provision of hook-up and topside maintenance services 2013-2018 for SSB/SSPC
Malaysia Petronas Carigali Sdn Bhd Provision of hook-up and topside major maintenance services 2013-2018 (Package A)
Malaysia Murphy Sarawak Oil Co Ltd Provision of hook-up and topside major maintenance services 2013-2018
Malaysia JX Nippon Oil & Gas Exploration (Malaysia) Limited Provision of hook-up and topside major maintenance services 2013-2018

Posted by Victor Yong > 2020-11-09 10:58 | Report Abuse

Expecting a rebound to rm1++ fingers crossed

Posted by Victor Yong > 2020-11-09 11:04 | Report Abuse

Looking ahead, we believe that the outlook in the second half of 2020 will improve considerably, as crude oil price has also stabilised at a healthy level, which bodes well for the oil and gas industry.

“In addition, our order book remains strong at an estimated value of RM3.8 billion, which will ensure healthy earnings visibility over the next few years,” it said.

Posted by Victor Yong > 2020-11-09 11:59 | Report Abuse

Undervalued

Date Price Target Source News
28/10/2020 1.25 PUBLIC BANK Price Target News
24/08/2020 1.25 PUBLIC BANK Price Target News
24/08/2020 1.27 MIDF Price Target News
24/08/2020 1.20 KENANGA

Posted by KAQ4468 > 2020-11-09 12:10 | Report Abuse

Back to 7 kupang

Posted by KAQ4468 > 2020-11-09 12:10 | Report Abuse

Ermmmm good

Posted by Victor Yong > 2020-11-09 13:17 | Report Abuse

Brent Crude 40.44 +2.51%(11 Minutes Delay

Posted by Edwardong53 > 2020-11-09 13:19 | Report Abuse

Trying to rationalise why Victor is promoting Dayang whereas KYY currently has already switched to Supermx.

Posted by Victor Yong > 2020-11-09 13:21 | Report Abuse

Keep some as part of a portfolio :)


Based on their predictions, in the fourth quarter of 2021 Brent crude futures will average $53.50 per barrel, while WTI futures will average $50.31 per barrel. ... Analysts at Citigroup predict Brent Crude to average around $55 per barrel next year and hike to $60 per barrel by the end of 2021.Oct 26, 2020

Posted by Victor Yong > 2020-11-09 13:23 | Report Abuse

Maintain MARKET PERFORM. Post-results, we slashed FY20/21E earnings by 59%/50%, accounting for lower topside maintenance work orders and vessel utilisations. Following so, our TP is also skimmed to RM1.20 (from RM1.30 previously) – pegged to 0.8x PBV, which is roughly -1SD from its mean valuation.

Overall, it lacks catalyst at the moment given the overall weaker activity levels within the upstream space, coupled with looming impairment risks. Re-rating catalyst may re-emerge upon a visible recovery in the oil and gas sector, prompting improvements in offshore activity levels.

Risks to our call are: (i) stronger-than-expected work orders, (ii) higher-than-expected margins, and (iii) higher-than-expected vessel utilisation.

Source: Kenanga Research - 24 Aug 2020

Posted by Victor Yong > 2020-11-09 13:30 | Report Abuse

Even the oil price drops drastically, Petronas will continue to pump because the company has already paid the cost of the oil rigs and Dayang will be awarded more oil rig maintenance contracts. Dayang is the most efficient maintenance contractor. Currently Dayang has about Rm 4 billion worth of contracts by which Dayang will gain more profit in the next few years.

I have been searching for another stock with similar profit growth prospect as Dayang in vain. I cannot find one for me to spread my investment risk.

Posted by Victor Yong > 2020-11-09 13:32 | Report Abuse

Brent crude oil exceeded usd40++ per barrel today... uptrend again :)

Posted by Edwardong53 > 2020-11-09 13:48 | Report Abuse

Agreed with Victor that oil may slowly pick up when Covid-19 is under control by mid 2021 but is it to early to collect now as there are still many uncertainties even with the new US presidency?

Posted by Victor Yong > 2020-11-09 14:27 | Report Abuse

Commodity prices up n down, rebound is always jadi e.g. Cpo, etc :)


Dayang has very good profit growth prospect. Dayang’s EPS 24.3 sen in 2019 and EPS 17 sen in 2018. Its share price went up rapidly to strike a high of Rm 2.94 on 21 February.

Posted by Victor Yong > 2020-11-09 14:30 | Report Abuse

Is Second round approaching??? :)

Dayang: Investment Banks buying aggressively

Koon Yew Yin Koon Yew Yin
7 months ago


Koon Yew Yin 3 April 2020

Yesterday the price shot up 20 sen from Rm 1.15 to close at Rm 1.35, with 64.8 million shares traded. As you know, the daily trading hours are from 9 am to 12.30 and from 2.30 to 5 pm, a total of 6 hours. If you divide 64.8 by 6 = 10.08 million shares traded in 1 hour. In the last couple of weeks, several tens of million shares were traded daily.

Only Investment Banks have so much money to buy so aggressively. Moreover, you cannot see any Investment Bank publish buy recommendation. They are happily buying and thousands of small of small ikan bilis are selling to cut loss.

I wish to point out that Public Invest published a buy recommendation which was carried by The Edge quote “Dayang Enterprise Holdings Bhd (Feb 5, M2.80)
Upgrade to trading buy with a target price of RM3.15: Dayang Enterprise Holdings Bhd is starting to make its presence felt internationally, clinching an umbrella contract in Thailand for the provision of modification works for Block B-17 & C-19 and Block B-17-01.” Unquote.

You can read the whole article which I posted a couple of days ago and you must not forget.

During that period, Investment Banks would encourage you to use more margin finance to buy more shares. Due to force sell, Bursa Malaysia has issued instruction to stop force selling.

You can see from the above price chart that the price has been going up higher and higher in the last few weeks. Based on the rapid rise in the last few weeks, the up-trend reversal is confirmed. Never sell an up-trending stock.

Don’t be so stupid to sell an up-trending stock and be cheated

Posted by tkl88 > 2020-11-09 14:38 | Report Abuse

President Biden is favours to world trade !
World economy will start booming from today onwards !
And asian stock markets including KLSE will be in bull market from today onwards !
As at 2.10pm,
Hang Seng : 26,095.46 (+382.49) (+1.49 %)
Shanghai composite: 3,380.38 (+68.23) (+2.06 %)
Nikkei : 24,912.31 (+587.08) (+1.41 %)
Taiwan Weighted : 13,127.47 (+153.94) (+1.19 %)
Korea Kopsi : 2,449.96 (+33.46) (+1.38 %)
Singapore STI : 2,611.34 (+32.66) (+1.27 %)

Huat ah ! Heng ah ! Ong ah !

Posted by Victor Yong > 2020-11-09 14:40 | Report Abuse

Oil price is cyclical. What after bottom and Peak again. Best time to have it kot

Dayang: why every investor must own

Koon Yew Yin Koon Yew Yin
11 months ago


Koon Yew Yin 20 Dec 2019

As long as there is oil, Petronas will continue to pump because Petronas has already paid for the cost of the oil rigs and awarded more maintenance contracts to Dayang. Among the few oil rig maintenance contractors, Dayang is the biggest and the most efficient in this region.

My wife and I have about 35 million Dayang shares. I do not need you to buy to push up the share price to make us richer because the daily volume traded is several millions. Whether you buy or sell, your trading will not affect the share price. There must be many institutional investors buying and selling every day.

My intention for writing this article is sincere and honours. As I said, whether you buy or sell will not affect the share price. As long as there is oil, Petronas will continue to pump because Petronas has already paid for the cost of the oil rigs and awarded more maintenance contracts to Dayang.

I have more than 50 years’ experience in doing business and searching for good shares to buy. Very seldom I can find one with long term profit growth prospect as good as Dayang.

From Google I found that Malaysia started oil exploration activities in shallow waters in the 1970s and started active extraction and production in the 1980s till today. There are currently over 900 offshore platforms of which almost 600 of them are over 20 years old.

Based on these, you can be sure that Dayang will continue to secure more and more oil rig maintenance contracts for many more years to come.

I cannot find another stock that complies with my share selection golden rule of 2 consecutive quarters of increasing profit. Dayang 1st quarter EPS – 0.47 sen, 2 quarter EPS 5.7 sen and 3rd quarter EPS 11.1 sen. It is safe to assume its 4th quarter EPS is the same as its 3rd quarter of 11.1 sen. Its annual EPS will be 27.5 sen. Assuming it deserves to sell at P/E 12 the minimum price should be Rm 3.30 per share.

I am very confident its profit for next year will be more than this year because the company has already resolved its financial constrain by its recent right issues.

If you have found another stock with similar profit growth prospect as Dayang, please recommend it to me

Posted by Victor Yong > 2020-11-09 14:43 | Report Abuse

Remember dayang fell to 70sen++ in march n rebound rapidly. The same is expected to happen again :)

Posted by Victor Yong > 2020-11-09 14:44 | Report Abuse

Malaysia has competitive advantage in oil & gas, agriculture

Posted by Victor Yong > 2020-11-09 14:48 | Report Abuse

Sinar 2014, Q3 results are always better than Q4. Q3 Results will be released this month. Expecting a strong rebound this month :)

Posted by tkl88 > 2020-11-09 14:49 | Report Abuse

President Biden is favours to world trade !
World economy will start booming from today onwards !
And asian stock markets including KLSE will be in bull market from today onwards !
As at 2.10pm,
Hang Seng : 26,095.46 (+382.49) (+1.49 %)
Shanghai composite: 3,380.38 (+68.23) (+2.06 %)
Nikkei : 24,912.31 (+587.08) (+1.41 %)
Taiwan Weighted : 13,127.47 (+153.94) (+1.19 %)
Korea Kopsi : 2,449.96 (+33.46) (+1.38 %)
Singapore STI : 2,611.34 (+32.66) (+1.27 %)

Huat ah ! Heng ah ! Ong ah !