The next QR may not be better than last QR due to Monsoon based on the statement from management in previous report , however , the prospect is good started from this quarter when the weather is back to normal ..
All these vessels contracted are not there for show. There are there to perform maintenance, refurbishment, hook-up and or commissioning of producing facilities offshore.
This will means that Dayang TMS (Topside maintenance and services) should have been busy for Q4 2023 and 1st half 2024.
FY2023 revenue Q1 recorded loss due to lower sales , with all these contract extension and Petronas Capex . they should see better sales and profit in 2024 , as some of the contacts was awarded in Q2 2023 ,and got extended until end 2024 , on top of that , the turn around of Perdana which should benefit the company performance as well , with this for sure they will have better revenue and profit in 2024 .. hope they can bring us more good news soon ..
Oil price firm, new contract extensions from Petronas and technical charts showing likely more upside. Entered late to the party but if it’s an upward moving party , I am all for it.
Here is my reason for going into this stock, my retail trader review of this stock.
Perdana, a 65% subsidiary of Dayang just declared an excellent results. https://www.malaysiastock.biz/Company-Announcement.aspx?id=1540368 This should reflect on Dayang's marine segment too. Coupled with new rates for the topside maintenance, Dayang final quarter and full year result should be good ....
Congrats, believers of Dayang & Naim! Blockbuster quarter, the BEST since Sep '19 & only 2 / 64 of the total no. of quarters since listing have been better(4Q '18 & 3Q '19)! Watch for a great quarter coming out of Naim consequently!!!
Compare to Dialog which has PE of 24.13 & EPS of 9.53, Dayang is much much cheaper with PE 11.79 & EPS 18.91 than Dialog. Base on Dialog PE 24.13x EPS 18.91, share will worth RM4.56.
Good news ka? Good news you sell lah. It is called sell the news. When it tries to surge the first few mins tommorow you sell ok. This oil n has surge the past few days is only a few days of speculative play. It all will fizzle out, price reverses n volume disappear. Ok. Adios. Good luck.
Too bad rr88 has no more shares to sell(doubt he had any to begin with in light of his huge integrity deficit). Can only sulk & turn green from the sidelines...😃
Good news ka? Good news you sell lah. It is called sell the news. When it tries to surge the first few mins tommorow you sell ok. This oil n has surge the past few days is only a few days of speculative play. It all will fizzle out, price reverses n volume disappear. Ok. Adios. Good luck.
Just quote some positive words from "B3. Prospect" write up in the Dayang Q4 reports (Page 25) :
1. "the newly secured Asset Integrity Findings (“AIF”) projects" This newly secured business project hasn't announced earlier in the Bursa site. Let's see later in the announcement how big is the contract works.
2. "Our offshore service vessels (“OSV”) fleet also underwent routine maintenance and renewal of approvals in preparation for a busy 2024. " A busy 2024... we can anticipate that this year it could be another record year for both Revenue and Profit.
3. "Going forward, we will be participating actively in new tender activities while waiting for the outcome of tenders already submitted." Actively participating NEW tenders + waiting for tenders already submitted. This means that they have many more new contract works pending to be announced later throughout this exciting year.
The board being always very conservative and prudent in the past, has now expressed a very positive outlook and confidence is the year ahead. We can anticipate its record high share price in 2024.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
harvest6138
375 posts
Posted by harvest6138 > 2024-02-14 09:58 | Report Abuse
The next QR may not be better than last QR due to Monsoon based on the statement from management in previous report , however , the prospect is good started from this quarter when the weather is back to normal ..