PETALING JAYA: Oil and gas services provider Dayang Enterprise Holdings Bhd
’s earnings will likely reach a record high this year and into 2025, buoyed by stronger order flows, and higher vessel utilisation and charter rates.
Given the favourable operating environment, the company’s upcoming results for its second quarter ended June 30, 2024 (2Q24), would likely exceed market expectations, according to Phillip Capital Research.
