KUALA LUMPUR: Dayang Enterprise Holdings Bhd is expected to benefit from an increase in offshore support vessels (OSV) charter and blended fleet utilisation rates, this year.
Following a conference call with the integrated oil and gas services provider, Hong Leong Investment Bank (HLIB) Research said it is upbeat about the company’s earnings prospects this year.
“The group has guided that the OSV charter rates have increased by a total of 3% to 5% year-on-year as the market has declined over the years,” it said in a report yesterday.
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