Dayang Enterprise Holdings Bhd, a Malaysian oil and gas services provider, was cut to “hold” from “buy” at ECM Libra Capital Sdn Bhd because the stock has limited upside as incoming orders have already been priced in.

The share price estimate was raised to RM3.17 from RM2.65, analyst Bernard Ching, said in a report today.

The stock rose in Kuala Lumpur trading, set for a record close after the company proposed a bonus share issue and third-quarter profit more than doubled.

The stock climbed 1 per cent to RM3.07 at 9:13 am local time. -- Bloomberg