Dyna-Mac - Maybank Research 2023-05-12: Here Come The Orders; Maintain BUY

• 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 an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.

Read also Maybank's most recent report:
2024-10-14 Dyna-Mac - Accept The Offer Of S$0.67.

Previous report by Maybank:
2024-09-12 Dyna-Mac - Offer Of S$0.60 Per Share ~ Better To Wait & See.

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 Dividend Payout Dates & Corporate Actions,
Dyna-Mac News