<div class=newsTextDataWrapInner>KUALA LUMPUR (Aug 27): Public Investment Bank Bhd revised its Dayang Enterprise Holdings Bhd share target price (TP) to 84 sen, which implies a higher price-earnings multiple of 12 times, as Public Investment opines that the worst is finally over for the oil and gas support services provider.</div>

<div class=newsTextDataWrapInner>At 12:30pm, Dayang shares settled at 79 sen.</div>

<div class=newsTextDataWrapInner>Public Investment revised its Dayang TP after Dayang reported a net profit of RM38.85 million for the second quarter ended June 30, 2018 (2QFY18) versus a net loss of RM48.1 million a year earlier. Dayang said 1HFY18 net profit stood at RM17.74 million compared to a net loss of RM90.8 million a year earlier.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>"Our Neutral rating on the stock is maintained nonetheless, due to the limited upside potential. Dayang's 1HFY18 results were in line with our FY18 forecast at 53.7% of full-year numbers," Public Investment wrote in a note today.</div>

KUALA LUMPUR (Aug 27): Public Investment Bank Bhd revised its Dayang Enterprise Holdings Bhd share target price (TP) to 84 sen, which implies a higher price-earnings multiple of 12 times, as Public Investment opines that the worst is finally over for the oil and gas support services provider....

Public Investment: Worst is finally over for Dayang

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