Apr 2, 2010

DAYANG ENTERPRISE - THE UNTOLD STORY

Dayang Enterprise Holdings STOCK CODE 5141
(RM1.87; Buy; Price Target: RM2.60; DEHB MK)

An untold story

•  We believe Dayang is among the frontrunners to clinch some major oil & gas maintenance jobs to be awarded this year
•  FY09-11F net profit CAGR of 37.1% underpinned by strong order book, superior margins, new contract wins and maiden contribution from OSV operations, Borcos 
•  Under-researched East Malaysia oil & gas play; initiate
with Buy and TP of RM2.60 
source: HwangDBS