Dayang just announced its 4th quarter result of eps 10.13 sen. The table below shows the details of its last 4 quarter result.
Before the 4th quarter result announcement, many investors were frightened when they saw Kumpulan Wang Persaraan sold 20.03 million shares on 21 Feb, sold 2.5 million shares on 20 Feb and sold another 1.6 million shares on 19 Feb. That was why the price dropped 7 sen yesterday and today it went up only 0.5 sen.
When I saw Petronas is one of the 30 largest shareholders of Dayang, I started to buy itbecause I believe Petronas will award more maintenance contract to Dayang.
I must admit that I also began to doubt my own judgement when I saw Kumpulan Wang Persaraan was selling so aggressively.
Fortunately, its 4th quarter EPS of 10.13 sen is reassuring and I expect it to fly on Monday.
I am obliged to tell you that Dayang is one of my major investments and if you decide to buy, you are doing at your own risk.