KUALA LUMPUR: Kenanga Research has downgraded Dayang Enterprise Holdings Bhd
to "market perform" following the recent increase in share price and weaker outlook moving forward.
The research house expects the group to post sequentially weaker earnings in 4QFY20 given the monsoon season while Petronas has guided for flattish demand for offshore maintenance and hook-up and commissioning in 2021 as compared to 2020 levels.
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