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DAYANG (5141) : DAYANG ENTERPRISE HOLDINGS BERHAD
LCCHONG
Member Star
Posts: 385
Joined: Jan 2014
12 Sep 2016, 10:43 PMPost #21
DAYANG Analysis - https://lcchong.wordpress.com/2016/09/12/dayang-fundamental-analysis-12-sep-2016/
YAPSS
Member Star
Posts: 202
Joined: Mar 2019
24 May 2019, 08:47 AMPost #22

Hey! Today, R-Table will be covering Dayang Enterprise Holdings Berhad by presenting 10 years financial results in a short, fun & interesting way. Click the link below to watch the video.

Link: https://youtu.be/4a4sEDlmbI4 
#YAPSS
 #RTable #DayangEnterpriseHoldingsBerhad #MakeInvestingFun

scotthong
Member Star
Posts: 67
Joined: Jan 2017
09 Jun 2019, 06:27 PMPost #23

DAYANG (5141) - Technical Analysis

June 9, 2019 | HONG WEI GIET

Technical Analysis

===============

- DAYANG shares price completed triple top (Reversal Pattern) on May 5-2019 with bearish bar chart. (Reference 1)

- It continued the downward trend and closed two (2) previous gap up on Feb 22-2019 and May 1-2019 respectively.

- After significant drop in DAYANG shares price, it stopped the downward trend at RM0.88

Oil Rises Over 2%; Saudis Talk up Cuts Amid Fed Easing Hopes

- With RSI and MACD

More: https://www.fundamental-technical-analysis.com/

ThunderJames
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Posts: 1
Joined: Jul 2021
10 Sep 2021, 06:07 PMPost #24

why dayang late release QR report?

i4value
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Posts: 571
Joined: Aug 2020
05 Dec 2023, 10:31 AMPost #25

Dayang is an oilfield services company operating mainly in Malaysia. It initially focussed on topside maintenance services where it is one of the big boys in the offshore hook-up and commissioning business.

 

The company did very well in the topside maintenance services segment and got into trouble when it expanded its marine charter business in the early part of the last decade with the acquisition of Perdana Petroleum.

 

Business was good for the Malaysian marine charter scene until crude oil prices dropped to about USD 60 per barrel in 2016/17. The demand for marine charter services declined tremendously and many of the Bursa marine charter companies got into trouble. Dayang faced similar problem with its marine charter segment.

 

While crude oil prices today are 1/3 higher than the lows in 2016/17, the marine charter business has yet to fully recover. While Dayang topside services business is doing very well, its performance has been pulled down by the marine charter segment. The table below shows the relative performance of the 2 segments for Dayang.

 

Dayang spent tons of money on the marine charter business. With hindsight shareholders would have been better off if this was paid out as dividends rather than spent it on Perdana Petroleum. Did management do a good job in allocating capital?

 

For more insights into Dayang, go to Is Dayang one of the better Bursa stocks?

i4value
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Posts: 571
Joined: Aug 2020
05 Jan 2024, 08:47 AMPost #26

Bursa listed Perdana Petroluem is 64% own Bursa listed Dayang. Dayang is basically an oilfield services company with a small marine charter segment. However in 2015 it acquired Perdana which is mainly in the marine charger business.

When you look at the ROE for these 2 companies over the past decade, you can see Dayang outperforming Perdana.

From a fundamental perspective, why would you want to own Perdana? From a risk mitigation perspective, Dayang is more diversified.

Of course the elephant in the room is whether Dayang made a mistake in acquiring Perdana. With hindsight it was better not to do so.

Moral of the story? Many companies have both organic and acquisition growth. But not all acquisitions added value to the shareholders.

i4value
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Posts: 571
Joined: Aug 2020
03 Feb 2024, 08:47 AMPost #27

We have been told that to minimize risk, we should have a portfolio of stocks. Does it mean that we can have any stocks (assuming that they are fundamentally sound and cheap)

 

Take the example of Bursa construction/property company Naim and Bursa oil and gas company Dayang. You can see from the revenue trend chart that there is not much correlation between them. Actually there was a negative 10% correlation.

But then Naim owns about 25% of Dayang and probably influened its decision making. So are they uncorrelated stocks?

 

From a statistics perspective, as long as 2 stocks are not 100% correlated, having them in a portfolio will result in a lower volatility compared to their individual volatility. If you looking for less volatility, then having them both is better than just investing in one.

 

Of course, the big picture question is if part of the performance of Naim is tied to the performance of Dayang, would it be better to look for another oil and gas stock?



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