Dayang prospects to recover with rising crude oil prices

KUALA LUMPUR: Coming off deep losses in the first quarter of the year, Dayang Enterprise Holdings Bhd's activity levels are expected to rebound on the back of a recovery in crude oil prices.

According to Kenanga Research, the 1QFY21 core net loss of RM34.5mil was broadly within expectations against its full-year forecast of RM87.6mil and consensus' 2021 projection of RM113mil, as 1Q is seasonally the weakest quarter.