PETALING JAYA: Dayang Enterprise Holdings Bhd
is poised for a strong earnings recovery this year on the back of a solid order book of RM3.6bil in tandem with the progressive recovery in the sector’s dynamics, says Public Investment Bank Research.
This is despite the group’s fourth-quarter financial year 2020 results this February that are likely to be affected by bad weather and possible lagged effects of oil majors’ capex reduction, said the research unit.
On Wednesday, Dayang announced that it had received a contract extension from Sarawak Shell Bhd, which is also part of the umbrella contract for offshore support vessel services (OSVs) for Petronas’ Petroleum Arrangement Contractors’ drilling and project activities.
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