Dyna-Mac - Maybank Research 2023-04-17: The Upcycle Just Started; Initiate Coverage With BUY

Dyna-Mac - The Upcycle Just Started; Initiate Coverage With BUY

  • As a global multi-disciplinary contractor, Dyna-Mac (SGX:NO4) undertakes the detailed engineering, procurement, fabrication, construction and onshore pre-commissioning & commissioning of offshore topside modules and facilities for FPSOs (floating production storage and offloading vessels), FSOs (floating storage and offloading vessels), FLNGs (floating liquefied natural gas vessels), FSRUs (floating storage and regasification units) and Fixed Platforms, onshore modules for land-based plants for the hydrocarbons industry, as well as offshore and onshore renewables and green energy sectors, with focus on LNG, green hydrogen and ammonia.
  • - Read this at SGinvestors.io -
  • - Read this at SGinvestors.io -
  • Since inception in 1990, Dyna-Mac over the years has grown into an established Engineering, Procurement and Construction (EPC) contractor and Modules Specialist, successfully completing international projects across different parts of the world serving the major international and national energy companies. Over 30 years of experience in the market and successful delivery of more than 300 modules is a good testament of Dyna-Mac’s expertise and capabilities.
  • To date, Dyna-Mac has executed 310 modules, 28 skids and 49 PARs. The heaviest total topside weights for a single project was over 18,000 tonnes. Dyna-Mac has also fabricated FPSO Turrets weighing more than 8,500 tonnes and Semi-Sub hull of weight 12,700 tonnes
  • Dyna-Mac has two fabrication yards in Singapore (Main Yard and West Yard), which have a total land area of over 140,000 square metres.

Dyna-Mac is in an enviable position to capture the surge in FPSO demand.

  • Read more at SGinvestors.io.

Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.ketrade.com.sg/.

Jarick Seet Maybank Research | https://www.maybank-ke.com.sg/ 2023-04-17

Read also Maybank's most recent report:
2023-10-02 Dyna-Mac - Secures S$88mil Worth Of New Contracts.

Previous report by Maybank:
2023-08-08 Dyna-Mac's 1H23 Beat - Riding The Upcycle; BUY With Higher Target Price.

Price targets by other brokers at Dyna-Mac Target Prices.

Listing of research reports at Dyna-Mac Analyst Reports.

Relevant links:
Dyna-Mac Share Price History,
Dyna-Mac Announcements,
Dyna-Mac Dividends & Corporate Actions,
Dyna-Mac News Articles


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