- Dyna-Mac's announced a new order win of S$270m which includes the construction of Topside modules for a floating production storage and offloading (FPSO) vessel which will commence on 3Q23 until 2Q25. It also includes the provision of services to execute fabrication, installation and integration work on-board vessels.
- - Read this at SGinvestors.io -
- We expect order wins of another >S$100m by end-FY23 and another S$300m by end-1H24. With bright prospects and robust demand, we maintain BUY rating on Dyna-Mac with an unchanged target price of S$0.40.
More order wins likely
- - Read this at SGinvestors.io -
- As a result, we expect another S$100m of orders by the end of FY23 and another S$300m orders by the end of 1H24.
Yard expansion for FY24E and beyond
- 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/ 2023-05-12
Read also Maybank's most recent report:
2023-08-08 Dyna-Mac's 1H23 Beat - Riding The Upcycle; BUY With Higher Target Price.
Previous report by Maybank:
2023-06-26 Dyna-Mac - Key Takeaways From Invest ASEAN 2023.
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
