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Short selling of Dayang suspended after shares slide

KUALA LUMPUR: The short selling activities of Dayang Enterprise Holdings Bhd was suspended at 10.08am on Thursday after the share price fell more than 15 sen or 15% following the release of its results.

The short selling activities of Dayang Enterprise Holdings Bhd was suspended at 10.08am on Thursday after the share price fell more than 15 sen or 15% following the release of its results.

Dayang Q1 net losses reduced, order book nearly RM3b

KUALA LUMPUR: Dayang Enterprise Holdings Bhd’s managed to reduce its net losses in the first quarter ended March 31, 2019 as work orders picked up and it expects to perform better with an order book of nearly RM3bil and firm oil prices.

On the outlook, Dayang said after registering a solid financial performance in 2018, it had a good start of the year with healthy results in the first quarter of 2019 which also represented its best first quarter results since 2016.

Barakah falls 21% on news of loan default

KUALA LUMPUR: Barakah Offshore Petroleum Bhd is seeing selling pressure in early Thursday trade on news that its subsidiary had defaulted on its loan payments.

IOI Corp 9M core net profit below forecast

KUALA LUMPUR: IOI Corporation Bhd’s nine-month core net profit was below expectations due to lower-than-expected crude palm oil (CPO) price and fresh fruit bunches (FFB) output, says CIMB Equities Research.

CIMB Equities Research's target price was RM4 compared with the last traded price of RM4.22.

Contrasting fortunes for O&G companies

PETALING JAYA: Local oil and gas (O&G) players may be in for contrasting fortunes this year in spite of the steady rise in oil prices and outflow of contracts by Petroliam Nasional Bhd (Petronas).

Two companies that kicked off 2019 on opposite ends of the spectrum are Velesto Energy Bhd and Dayang Enterprise Holdings Bhd (pic)