In 2009, Dayang shares make a spirited run up because of its potential of doing projects in Brunei. Things are looking up for Dayang again at the beginning of 2010.
It had added another project to its book value. This time around, it is from Petronas Carigali which awarded it a RM8.5 million project to do hook up and commissioning works on the Tangga Barat Drilling Riser Platform, the Tangga Barat Flare Platform and building of bridges for the Tangga Barat Clusters Project Phase 1.
There is no significant contract risk in this project. Yes, shareholders will benefit from this project beginning 2010.
January 25, 2010
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