Forex Market News Today
  • Home
  • News
  • LiveHourly
  • Markets
  • Stock
  • Business
  • Economy
  • World
  • Politics
  • Energy
  • exchange
  • companies
No Result
View All Result
Forex Market News Today
Home News

Dayang Enterprise Holdings Bhd’s (KLSE:DAYANG) Stock On An Uptrend: Could Fundam…

2 months ago
in News
3 min read
Dayang Enterprise Holdings Bhd’s (KLSE:DAYANG) Stock On An Uptrend: Could Fundam…
Share on FacebookShare on Twitter


Most readers would already be aware that Dayang Enterprise Holdings Bhd’s (KLSE:DAYANG) stock increased significantly by 27% over the past month. As most would know, fundamentals are what usually guide market price movements over the long-term, so we decided to look at the company’s key financial indicators today to determine if they have any role to play in the recent price movement. In this article, we decided to focus on Dayang Enterprise Holdings Bhd’s ROE.

ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company’s shareholders.

See our latest analysis for Dayang Enterprise Holdings Bhd

How Do You Calculate Return On Equity?

ROE can be calculated by using the formula:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders’ Equity

So, based on the above formula, the ROE for Dayang Enterprise Holdings Bhd is:

6.1% = RM112m ÷ RM1.8b (Based on the trailing twelve months to September 2020).

The ‘return’ is the amount earned after tax over the last twelve months. That means that for every MYR1 worth of shareholders’ equity, the company generated MYR0.06 in profit.

What Has ROE Got To Do With Earnings Growth?

We have already established that ROE serves as an efficient profit-generating gauge for a company’s future earnings. Depending on how much of these profits the company reinvests or “retains”, and how effectively it does so, we are then able to assess a company’s earnings growth potential. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don’t necessarily bear these characteristics.

A Side By Side comparison of Dayang Enterprise Holdings Bhd’s Earnings Growth And 6.1% ROE

At first glance, Dayang Enterprise Holdings Bhd’s ROE doesn’t look very promising. However, its ROE is similar to the industry average of 7.0%, so we won’t completely dismiss the company. Particularly, the exceptional 21% net income growth seen by Dayang Enterprise Holdings Bhd over the past five years is pretty remarkable. Considering the moderately low ROE, it is quite possible that there might be some other aspects that are positively influencing the company’s earnings growth. For instance, the company has a low payout ratio or is being managed efficiently.

Next, on comparing with the industry net income growth, we found that Dayang Enterprise Holdings Bhd’s growth is quite high when compared to the industry average growth of 17% in the same period, which is great to see.

past-earnings-growth

KLSE:DAYANG Past Earnings Growth December 20th 2020

Earnings growth is an important metric to consider when valuing a stock. It’s important for an investor to know whether the market has priced in the company’s expected…



Go to the news source: Dayang Enterprise Holdings Bhd’s (KLSE:DAYANG) Stock On An Uptrend: Could Fundam…

Tags: BhdsDayangEnterpriseFundamHoldingsKLSEDAYANGStockUptrend
Previous Post

Economy may grow 30% early next year, but it won’t mean much

Next Post

How is the accumulation in Chainlink’s market holding up?

Related Posts

U.S. Stocks Gap Higher To Open March
News

U.S. Stocks Gap Higher To Open March

by Forex News
March 1, 2021
0

U.S. stocks have opened March with a bang, gapping higher during today’s session. At the midway point of the...

Read more
CEO & Whole Time Director Yogesh Malhotra Just Bought 47% More Shares In Gravita…
News

CEO & Whole Time Director Yogesh Malhotra Just Bought 47% More Shares In Gravita…

by Forex News
March 1, 2021
0

Even if it's not a huge purchase, we think it was good to see that Yogesh Malhotra, the CEO...

Read more
Should You Be Adding ADDvise Group (STO:ADDV A) To Your Watchlist Today?
News

Should You Be Adding ADDvise Group (STO:ADDV A) To Your Watchlist Today?

by Forex News
February 28, 2021
0

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a...

Read more
Is Now The Time To Look At Buying Inta Bina Group Berhad (KLSE:INTA)?
News

Calculating The Intrinsic Value Of AECOM (NYSE:ACM)

by Forex News
February 27, 2021
0

In this article we are going to estimate the intrinsic value of AECOM (NYSE:ACM) by projecting its future cash...

Read more
Adial Receives $1.425 Million in Net Proceeds from Exercise of Warrants
News

Adial Receives $1.425 Million in Net Proceeds from Exercise of Warrants

by Forex News
February 26, 2021
0

CHARLOTTESVILLE, Va., Feb. 26, 2021 (GLOBE NEWSWIRE) — Adial Pharmaceuticals, Inc. (NASDAQ: ADIL; ADILW) (“Adial” or the “Company”), a...

Read more
New York and Tether Conclude a Settlement
News

New York and Tether Conclude a Settlement

by Forex News
February 26, 2021
0

USDT/USD has incrementally traded higher as a settlement has been reached between New York and Tether. Advertisement USDT/USD is...

Read more
NZD/USD Forecast: Most Overbought Since December
News

NZD/USD Forecast: Most Overbought Since December

by Forex News
February 25, 2021
0

The NZD/USD price is in a strong upsurge as investors react to the latest RBNZ interest rate decision and...

Read more
The NZDUSD attempts to recover – Analysis
News

Midday update for the NZDUSD 24-02-2021

by Forex News
February 24, 2021
0

The NZDUSD pair continues to provide the positive trades and attempts to crawl towards our waited target at 0.7400,...

Read more
Day Ahead Outlook Tech suffers as Oil and consumer stocks rally
News

Day Ahead Outlook Tech suffers as Oil and consumer stocks rally

by Forex News
February 23, 2021
0

Here is what you need to know on Tuesday, February 23: Update after the first hour of trading: It...

Read more
Avinash Singh Indicted For Over $57M In Investment Fraud
News

Avinash Singh Indicted For Over $57M In Investment Fraud

by Forex News
February 23, 2021
0

Operator Of Highrise Advantage, LLC, Avinash Singh Indicted For Over $57 Million In Investment Fraud Orlando, FL (STL.News) United...

Read more
Next Post
How is the accumulation in Chainlink’s market holding up?

How is the accumulation in Chainlink's market holding up?

Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Latest Forex News

Brexit carnage: Scottish fishermen say red-tape threatens to kill their business

Brexit carnage: Scottish fishermen say red-tape threatens to kill their business

1 month ago
OESC Offers Clarity On Unemployment Relief In New Stimulus Bill

OESC Offers Clarity On Unemployment Relief In New Stimulus Bill

2 months ago
For how long can Europe keep businesses from going under?

For how long can Europe keep businesses from going under?

3 weeks ago
Stimulus Deal Provides Economic Relief, for Now

Stimulus Deal Provides Economic Relief, for Now

2 months ago

Today Market News

Forex markets: Dollar, coronavirus
Live

Forex markets: Dollar, coronavirus

March 2, 2021
Company profits returns as the economic recovery gets underway | The Business – …
Economy

Company profits returns as the economic recovery gets underway | The Business – …

March 2, 2021
Dollar, GBP/USD, AUD/USD, Gold & Bitcoin
Live

Bitcoin, Gold, Dollar, EUR/USD, AUD/USD and USD/CAD Technical Levels

March 2, 2021
The US’s blockbuster manufacturing PMI points to supply chain issues
Economy

The US’s blockbuster manufacturing PMI points to supply chain issues

March 2, 2021
Tax hikes, furlough extensions, hawkish tone: Predictions for UK budget
World

Tax hikes, furlough extensions, hawkish tone: Predictions for UK budget

March 2, 2021
HP Inc. to Participate at Morgan Stanley’s Investor Conference
Live

HP Inc. to Participate at Morgan Stanley’s Investor Conference

March 2, 2021
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 Siteofforex.com

No Result
View All Result
  • Home
  • News
  • Live
  • Markets
  • Stock
  • Business
  • Economy
  • World
  • Politics
  • Energy
  • exchange
  • companies

© 2020 Siteofforex.com

wpDiscuz