Dayang Enterprise Holdings Bhd’s wholly owned unit, Dayang Enterprise Sdn Bhd has just announced that it has secured a RM400mil contract from Sarawak Shell Bhd to provide maintenance services.
Dayang Holdings, an oil and gas services provider, told Bursa Malaysia yesterday that the contract was for a five-year period with an option to renew for one year.
“The contract is expected to contribute positively to the earnings of the group for the financial years 2010 to 2015. There is no significant risks involved in fulfilling the contract obligations,” it said. Dayang Holdings announced in January that it had been awarded a RM70mil contract by Nautika Sdn Bhd for the charter of its workboat to Brunei Shell Petroleum Co Sdn Bhd. All these will add to your potential dividends in 2010 and onwards.
Analysts have said that Sarawak-based Dayang Enterprise could be one of the beneficiaries the projects under the Sarawak Corridor of Renewable Energy (SCORE) plan.
SCORE projects will increase maritime traffic between the peninsula and East Malaysia due to heightened industrial activity, they said.
For your information, Dayang will announce the payment of its final dividend for 2009 soon.
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