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Thursday, November 3, 2011

Dayang, with RM1.5b order book, seeks more contracts (Edge)

Sarawak-based oil and gas services provider, DAYANG ENTERPRISE HOLDINGS BHD [] (DEHB), expects further growth after chalking up successful quarters on strong order book of RM1.5 billion until 2016.

Its executive chairman, James Ling, said on Thursday the company, listed on the Main Market of Bursa Malaysia in 2008, recorded a strong second quarter on Petronas Carigali deal.

"The primary enabler of DEHB's success is Petronas' Vendor Development Programme, a programme aimed at providing local contractors with incentives and the confidence to increase their capital base," he told Bernama here Thursday.

Sarawak's only homegrown Petronas-registered contractor grew parallel to the rise in the state's oil and gas business, and its share prices hovered around RM1.75 this week.

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