{
  "id": 3206201,
  "title": "Dayang earnings poised to rebound in FY27 after weak FY26",
  "url": "https://urgent.news/2026/08/25/dayang-earnings-poised-to-rebound-in-fy27-after-weak-fy26",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T06:04:28.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/08/1518466/dayang-earnings-poised-rebound-fy27-after-weak-fy26"
  },
  "original_language": "en",
  "account": "Dayang Enterprise Holdings is anticipated to experience an earnings recovery in financial years 2027 and 2028 following a decline in its first-half FY26 performance. AmInvestment Bank predicts Dayang's core earnings for 1H FY26 to be RM54.8 million, which fell short of expectations and represented 24% of its full-year forecast and 30% of consensus estimates. The bank had initially expected a softer year-on-year performance, but the slowdown was more severe than anticipated. Marine charter pre-tax earnings shrank by 82% as Perdana incurred an RM8.4 million loss, while Dayang's topside maintenance services profit fell 30% due to slower work order conversion. The firm revised its FY26 earnings forecast by 50% and FY27 forecast by 12%, adopting more conservative conversion assumptions. Nonetheless, the bank raised its FY28 forecast by 4%, anticipating an improvement in vessel utilisation. Following the FY26 reset, AmInvestment Bank projects Dayang's core earnings to rebound by 102% in FY27 and 23% in FY28, indicating a 58% two-year compound annual growth rate over FY26 through FY28. The bank expects Dayang's topside maintenance services order-book conversion to rise to 16% in FY27 and marine charter utilisation to improve to 74%. While delayed approvals and work orders from the operational transition continue to impact activity, the transfer of Carigali assets to Vestigo is expected to enhance activity visibility once funding arrangements among the PACs are sorted out. The firm believes a resolution between Petroliam Nasional Bhd (Petronas) and Petroleum Sarawak Bhd (Petros) is imminent, suggesting that delayed activity could resume. AmInvestment Bank maintains a Buy rating on the stock with a lower target price of RM2. Phillip Capital anticipates Dayang's earnings to remain flat in the third quarter due to subdued topside maintenance services affecting maintenance, construction, and modification contributions amid the ongoing Petronas-Petros resolution. However, the firm expects stronger marine charter contributions to offset the softer maintenance outlook. Perdana Petroleum is expected to mobilize an additional accommodation work barge, increasing utilisation, while its AHTS fleet continues to operate at a healthy 80% utilisation. Dayang's own work barges are also fully deployed under long-term contracts. Overall, Phillip Capital projects stronger marine charter contributions to provide a near-term earnings cushion against softer maintenance activity. The firm maintains a Hold rating on the stock with a target price of RM1.60.",
  "summary": "KUALA LUMPUR: Dayang Enterprise Holdings Bhd is expected to see a rebound in core earnings in financial year 2027 (FY27) and FY28 after a slowdown in its first-half (1H) FY26 performance.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}