Apr 8, 2010

DAYANG TARGET PRICE RM2.60

Dayang Enterprise Holdings (RM2.10; Buy; Price Target:
RM2.60; DEHB MK)
Secures new RM400m contract!
•  Dayang has clinched the RM400m SSB/SSPC job;
enhancing growth visibility 
•  Current order book stands at RM920m; we anticipate
more contracts
•  Valuations compelling at 9x FY11 EPS. Maintain Buy
and TP of RM2.60 

source: HwangDBS