Dayang Share Price Slumps Amid Reduced Offshore Maintenance Campaigns

Dayang Enterprise Holdings Bhd (KL:DAYANG), a Sarawak-based oil and gas service provider, has seen its share price drop by about 25% from RM2.08 at the end of April to around RM1.57 in recent months.

This decline may seem counterintuitive given that Brent crude prices have remained above US$90 per barrel, significantly higher than their average of about US$69 a barrel in 2025.

However, Dayang's business is heavily reliant on the timing and scale of offshore maintenance campaigns, which are less frequent due to upstream operators maximising production from existing platforms at current oil prices.

This has resulted in lower work orders for Dayang's topside maintenance business, which accounts for roughly 60% of its earnings.