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Oil and gas-related company Dayang Enterprise Holdings Bhd is liked by analysts due to its sustained ramp-up in upstream maintenance activities as well as the anticipated expansion in project margins due to better contract terms secured.
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Analysts are upbeat on Dayang Enterprise Holdings Bhd's earnings outlook following its latest win from Petronas Carigali Sdn Bhd (PCSB).
KUALA LUMPUR: Dayang Enterprise Holdings Bhd's wholly-owned subsidiary DESB Marine Services Sdn Bhd has bagged two contracts for the provision of one accommodation workboat each from Hibiscus Oil & Gas Malaysia Ltd (HML) and SEA Hibiscus Sdn Bhd.
KUALA LUMPUR: Dayang Enterprise Holdings Bhd says its subsidiary DESB Marine Services Sdn Bhd has received three work orders from PETRONAS Carigali Sdn Bhd (PCSB) for the provision of three units of accommodation work boats.
KUALA LUMPUR: Dayang Enterprise Holdings Bhd's unit DESB Marine Services Sdn Bhd had last month received three work orders from PETRONAS Carigali Sdn Bhd (PCSB) for the provision of three units of accommodation work boats (AWBs).
Analysts are mildly positive about the oil and gas (O&G) industry following the release of Petroliam Nasional Bhd's (PETRONAS) 2024 results, which showed lower profits. They also highlighted segments within the industry that could be worth looking into.
Dayang Enterprise Holdings Bhd’s fourth-quarter (4Q24) earnings could come in stronger year-on-year, driven by higher overall work orders, increased vessel utilisation rates and improved daily charter rates.
Dayang Enterprise Holdings Bhd’s outlook is susceptible to any cuts in Petroliam Nasional Bhd’s (PETRONAS) capital expenditure (capex).
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
KUALA LUMPUR: Dayang Enterprise Holdings Bhd's (DEHB) wholly owned subsidiary Dayang Enterprise Sdn Bhd has been awarded two contracts from Petronas Carigali Sdn Bhd (PCSB) for the provision of Pan-Malaysia offshore maintenance, construction, modification, and hook-up services.
Analysts are largely keeping to their positive outlook on the oil and gas (O&G) industry, underpinned by the expected increase in demand for exploration and fuel transportation, while also being likely to benefit from carbon capture, utilisation and storage (CCUS) ventures.
PETALING JAYA: Dayang Enterprise Holdings Bhd (DEHB) has received six work order awards from PETRONAS Carigali Sdn Bhd (PCSB) for the provision of six units of accommodation workboat vessels.
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Dayang Enterprise Holdings Bhd’s earnings growth is expected to remain resilient in the year ahead, underpinned by a solid maintenance, construction and modification (MCM) order pipeline and healthy offshore support vessel (OSV) demand.
Analysts are positive about Dayang Enterprise Holdings Bhd’s prospects, given its potential to secure more Pan-Malaysia-related contract packages in Sarawak.
Having secured three contracts for a primary period of five years recently, with options for extension, Dayang Enterprise Holdings Bhd is estimating the call-out value from these contracts to be about RM4bil for the primary five years.
The outlook will be challenging for selected domestic oil and gas companies, due to implications from a possible cut in capital expenditure (capex) by national oil firm Petroliam Nasional Bhd (PETRONAS) and lower oil prices.
Inari Amertron Bhd, which has been oversold recently, was bouncing out of its trough yesterday.
