[%jDfS%] 
Research by RHB
Buy - TP RM3.90

"Records Major Leap In Profits; Keep BUY"

Keep BUY, new MYR3.90 TP from MYR3.58, 50% upside with c.2% FY24F yield. Dayang Enterprise delivered another strong set of results for 1H24, thanks to stronger topside maintenance (TMS) work orders and marine segment contributions. We continue to like the stock – the firm is a key beneficiary of a step-up in upstream maintenance activities and robust OSV demand, while staying relevant in the new contract lifecycle.

Analyst:
Sean Lim, CFA
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$KLSE-DAYANG 
Research by RHB
Buy - TP RM3.90

"Records Major Leap In Profits; Keep BUY"

Keep BUY, new MYR3.90 TP from MYR3.58, 50% upside with c.2% FY24F yield. Dayang Enterprise delivered another strong set of results for 1H24, thanks to stronger topside maintenance (TMS) work orders and marine segment contributions. We continue to like the stock – the firm is a key beneficiary of a step-up in upstream maintenance activities and robust OSV demand, while staying relevant in the new contract lifecycle.

Analyst:
Sean Lim, CFA
sean.lim@rhbgroup.com

$DAYANG / 5141 (DAYANG ENTERPRISE HOLDINGS BERHAD)