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

Dyna-Mac - Here Come The Orders; Maintain BUY

Dyna-Mac (SGX:NO4) | SGinvestors.ioDyna-Mac (SGX:NO4)
  • 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


You May Also Like

SGX Stock / REIT Search


Most Read

Trust Bank God Of Fortune Referral Code PGKPSWAE Trust Bank Referral Code 🎁