Posted by RCZ2020 > 2021-10-02 21:12 | Report Abuse

So dayang will rebound soon?

Posted by bullmarket1628 > 2021-10-03 01:15 | Report Abuse

Sin Chew Jit Poh financial section front page got good news for all O&G counters !

油价起股价反跌 油气股料急起直追
特許费達協议 砂油气将活络
星洲日报 行业快门 洪建文/报道 2-10-2021

Kenanga Reseach upgrade O&G counters to 买进(BUY), 认为油气股股价和国际油价的”错配”，将带来短线交易和捞底的机会。
本地的油气活动之前受到封锁措施的打击，因此，该行看好2002年是复苏年，因为经济活动正重新开放、国家石油公司和全球企业将重新展开投资，尽管资本开销仍然低于疫情前。

Posted by nashvz > 2021-10-03 22:30 | Report Abuse

DAYANG may continue drifting lower? with oil price, anybody watching REACH? one of cheapest oil counter and below radar. tiny mcap and actually producing oil

Posted by kevinobc > 2021-10-05 09:02 | Report Abuse

https://finance.yahoo.com/news/crude-oil-price-bullish-opec-214506394.html

Posted by worktoinvest > 2021-10-05 11:06 | Report Abuse

Hold tight looks promising

Posted by Davidl > 2021-10-05 13:07 | Report Abuse

Patiently wait to start accumulate at price below 0.90

Posted by oasischeah > 2021-10-05 13:58 | Report Abuse

If it closes 1.00 and above, it means some work is on. Otherwise it will just sway around until oil prices is pushed even higher.

Posted by Baby Shark > 2021-10-05 15:37 | Report Abuse

Wah.. so high price d

Posted by scenery > 2021-10-05 22:21 |

Post removed.Why?

Posted by VenFx > 2021-10-05 22:45 | Report Abuse

Board on and ride the vroommm-ing black gold sea .



An Quick Flash of Dayang :

a. 15 March 2021completed its 10% P.P. at $1.37 per share .(Brent was around $65.00)
b. Vessel utilisation stronger at 51% vs 20% in the first quarter of 2021.
c. The outlook in 3rd quarter of 2021 will improve considerably
as crude oil price has improved significantly.
d. Order book remains strong at an estimated value of RM2.3 billion,
which will ensure healthy earnings visibility over the next few years.

I trust, Dayang shud be able to reap above $100mil net profit by fy2022.
Petronas s shall increase more capex given Brent oil has traded > $75 to 80above. That, certainly will benefit Dayang by 2022 .


Given Dayang today closing $0.99 vs its P.P. price $1.37
Thats a good safety of margin by 28% discount.


Seasonality due to weather, the offshore topside maintenance operations are normally affected by bad weather at the beginning and the end of the year .
Due to the above, Dayang s quarter2 will has its weakest qtr. of performance.

Thus, its the golden time to collect at lower price.

Posted by VenFx > 2021-10-05 23:38 | Report Abuse

A sustainable above $82.00 for Brent oil
Will lead to new BULLISH sentiment over o&g counters

Lets hope for $87 ; then, $91/-

Posted by maf1964 > 2021-10-06 06:42 | Report Abuse

Posted by VenFx > Oct 5, 2021 11:38 PM | Report Abuse

A sustainable above $82.00 for Brent oil
Will lead to new BULLISH sentiment over o&g counters

Lets hope for $87 ; then, $91/-



----------------------------------

yes then whatever u earn here will go towards paying more for utilities,fuel and other things.
soon roti canai will go up another 10sen or 20 sen

as it is, if u all noticed, food prices are going up since the past 2-3 weeks. eat at home. boycott greedy traders.pass the word around

Posted by lynns90 > 2021-10-06 09:16 | Report Abuse

beware....mid stream and down stream companies...those companies mostly depend on Petronas..if Petronas not increase their capex...bomb~~

Posted by valueplayer > 2021-10-06 13:09 |

Post removed.Why?

Posted by RCZ2020 > 2021-10-07 19:58 | Report Abuse

Is it accumulating for the next level?

Posted by probability > 2021-10-08 11:27 | Report Abuse

this jewel price is truly misplaced

Posted by probability > 2021-10-08 12:04 | Report Abuse

even air asia can run up to 1.19 from 0.90...

Posted by probability > 2021-10-08 12:14 | Report Abuse

without impairment loss, it has already breakeven on last qtr at 50% utilization rate...

Posted by probability > 2021-10-08 12:21 | Report Abuse

i can only imagine pent up maintenance demand when all petronas operation restarts...

further its about time for decommissioning of rigs

future is bright for dayang services

Posted by probability > 2021-10-08 12:36 | Report Abuse

DAYANG next qtr earnings definitely better than DIALOG... it will be consistently beating dialog from then on..

Dialog's price to revenue per share is 10 times higher than Dayang (at 70% utilization)...

there is every reason for EPS of Dayang to beat Dialog consistently

Posted by probability > 2021-10-08 12:43 | Report Abuse

in other words Dayang can contribute 10 times revenue of Dialog for the same price you pay for both....

For every 1% PAT of Dayang , Dialog has to obtain 10% PAT margin for same valuation (PE valuation)....further Dayang is almost net cash now

Posted by probability > 2021-10-08 13:04 | Report Abuse

Only justifications for such mismatch in valuation is:

i) either Dialog consistently able to have 10 x times higher margin than Dayang or,

ii) Dialog's stable revenue generation business can grow 10 times the rate of Dayang business growth...


i doubt any of the above justifications is valid

Posted by probability > 2021-10-08 14:00 | Report Abuse

https://www.klsescreener.com/v2/news/view/891655

Posted by probability > 2021-10-08 21:28 | Report Abuse

https://klse.i3investor.com/blogs/PublicInvest/2021-09-27-story-h1571736538-Dayang_Enterprise_Holdings_Better_Year_Ahead.jsp

Caution on further impairment. Recent results saw an impairment loss amounting to RM27.9m (RM29m owing to Perdana). Given the current operating climate and uncertainty in project execution, management cautions on further impairments in the coming quarters though with potential write-backs at the end of the reporting period. The Group has adopted value-in-use estimations which entail discounting the estimated future cash flows of assets, taking into account the current vessels’ utilisation and charter rates. Based on orders in hand, management guided that utilisation rates for 3Q and 4Q will be c. 70% on average.


Better year ahead. We understand that Dayang has achieved 100% vaccination rate for its workers. Hence, the on-going discussion involving Petronas, Health Ministry, and state government of Sarawak with regards to the movement restrictions (relaxation on quarantine period) is expected to bear positive outcomes in the near term. Therefore, FY22F earnings are anticipated to be robust, supported by healthy orderbook of RM2.3bn and improved profit margins. The increase in the availability of work orders will continue with higher capex spending by oil majors. We note that Petronas’ 2QFY21 capex was disappointing mainly due to project delays caused by movement restriction.

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

WOW!...

"Based on orders in hand, management guided that utilisation rates for 3Q and 4Q will be c. 70% on average."

Posted by probability > 2021-10-08 21:33 | Report Abuse

WOW 70% utilisation rate?

From below extract of Qtr 4 end Dec 31 - 2019, and the PAT reported for 2019, we can see that 70% utilisation can easily deliver about 60 m PAT per qtr

B3. Prospects
...........

Financial year 2019 has indeed turned out to be a great success as we achieved the best ever annual profits in the long history of Dayang. In spite of the external uncertainties and multiple headwinds from all directions, we have grown from strength to strength to hit the significant milestone, registering a massive 44% growth for our 2019 profits after a stellar performance in 2018. The strong growth momentum has been envisaged as we maintained and carefully executed our business plan throughout the year.

This remarkable achievement comes on the back of the robust work orders for the Maintenance, Construction and Modifications Contract (MCM) and Topside Maintenance Services works under the Pan Hook-up and Commissioning Contract (Pan HUC). Consequently, vessel utilisation also came in stronger at 70% for 2019, as compared to 64% in 2018.

Posted by probability > 2021-10-08 22:45 | Report Abuse

DAYANG ENTERPRISE HOLDINGS BHD 14TH ANNUAL GENERAL MEETING – 22 JUNE 2020

http://dayang.listedcompany.com/misc/Annexure_A_(14th_AGM).pdf

(d) When does the Company plan to start this venture and what is the expected CAPEX?

Dayang is currently evaluating potential partners who have expertise and solid track record in Decommissioning and Modular Structural works. These ventures are targeted to begin in Q1 of 2021 with estimated CAPEX requirement of RM30 million.

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

Decommissioning will intensify in the future for Petronas...

Posted by freddiehero > 2021-10-09 09:32 | Report Abuse

remeber 100usd not a target, 200usd is a target

Posted by Bgt 9963 > 2021-10-09 10:46 | Report Abuse

Oil and gas in play...!

Posted by probability > 2021-10-09 15:50 | Report Abuse

at such lucrative oil price, it would be prudent for Petronas to intensify its maintenance activity to keep its equipment in tip top condition...

Posted by probability > 2021-10-09 16:56 | Report Abuse

even Genting can go up before movement restrictions are removed...why not Dayang which will be profitable for certain & almost net cash??

Posted by RCZ2020 > 2021-10-09 17:04 | Report Abuse

Hope next week Dayang will shoot up

Posted by Dingdongbell > 2021-10-09 19:49 | Report Abuse

Most likely......

Posted by bullmarket1628 > 2021-10-10 16:16 | Report Abuse

Hitting the highways: Interstate travel allowed starting Monday (Oct 11), says PM
Sunday, 10 Oct 2021 2:56 PM MYT

https://www.thestar.com.my/news/nation/2021/10/10/hitting-the-highways-interstate-travel-allowed-starting-monday-oct-11-says-pm

Posted by bullmarket1628 > 2021-10-10 16:16 | Report Abuse

PETALING JAYA: Interstate travel nationwide will resume starting Monday (Oct 11), says Datuk Seri Ismail Sabri Yaakob.
The Prime Minister said this during a special address at 3pm on Sunday (Oct 10).

"With the achievement of almost 90% of the population being fully vaccinated, therefore I would like to announce that interstate travel will be allowed. This will begin on Monday (Oct 11).
“Interstate travel is only allowed for those who are fully vaccinated.
“The lifting of the prohibition on interstate travel does not apply for visits to localities placed under enhanced movement control order," he added.
Ismail Sabri also said fully vaccinated Malaysians can travel abroad without MyTravelPass effective Monday (Oct 11)...

Posted by RCZ2020 > 2021-10-10 20:45 | Report Abuse

Waiting to see dayang shoot up tomorrow

Posted by maf1964 > 2021-10-10 21:51 | Report Abuse

Dayang. buy the warrant C19. conversion date is June 2022.Conversion price is RM1.10 plus 3 lots.

Its chaep now and oil prices is rising

Posted by maf1964 > 2021-10-10 21:53 | Report Abuse

a lot of counters will shoot up on Monday . Only poor man ( B40) like me cant invest much.

Still im happy to make something.

Posted by freddiehero > 2021-10-10 22:42 | Report Abuse

wah.. the best ka..

Posted by freddiehero > 2021-10-10 22:42 | Report Abuse

shoot high high ok

Posted by bullmarket1628 > 2021-10-11 10:55 |

Post removed.Why?

Posted by 8u29song > 2021-10-11 16:09 | Report Abuse

sure....go go..

Posted by 8u29song > 2021-10-11 16:10 | Report Abuse

you need to have some patience

Posted by Bgt 9963 > 2021-10-11 16:22 | Report Abuse

Oil and gas commming.....!

Posted by kumapuma > 2021-10-11 20:08 | Report Abuse

Was not able to break resistance today @1.1..

Posted by Vicky > 2021-10-11 20:13 | Report Abuse

Aiyoo. Dayang, sayang apa terjadi ??? Dulu paling hot. Sekarang sudah below and below. All your siblings like Uzma, Hibiscus all went up already. Bila awak mahu naik ! Born loser..lah Dayanggggg....

Posted by Vicky > 2021-10-11 20:14 | Report Abuse

Sila bangun, Dayang.... atau Sayang....

Posted by kl_guy > 2021-10-11 20:28 | Report Abuse

brent crude usd84.35 . o&g theme play is on .

Posted by followthetrend > 2021-10-11 20:53 | Report Abuse

https://klse.i3investor.com/blogs/followtrend/2021-10-11-story-h1592021137-Hibiscus_Petroleum_vs_Dayang.jsp

Posted by Cakes Moon > 2021-10-11 20:55 | Report Abuse

The future is very bright.

Posted by Dingdongbell > 2021-10-11 22:05 | Report Abuse

Esok dayang memang naik lagi... yay!