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actually very simple..Dayang latest quarter result has a reversal of impairment of RM 20 mil which they recognised as impairment in 2017. Taking it out, dayang Q4 profit was RM 70 ++ million. Second, if you notice that dayang revenue flatten for past 2 quarters. which but even at 70++ million profit, the net margin just too high. One possible reason is the big recognition of very high "lumpsum job"..which stood at about 60% of revenue. It did not happend in quarter before Q2 2018. Check it!!
if you check dayang original business..the segment is very stagnant..but i think they do secure some "unstated" amount of project from petronas..that may be the reason they have "lumpsum" job which i deem is "uncertainty".
kyy rule very simple: the moment he keep promoting 1 share, it is possoble that his holding maybe left not much. He pay his price too when similar method not successful in jaks and eversendai.
