Dyna-Mac - Maybank Research 2023-10-02: Secures S$88mil Worth Of New Contracts

Dyna-Mac - Secures S$88mil Worth Of New Contracts

Dyna-Mac (SGX:NO4) | SGinvestors.ioDyna-Mac (SGX:NO4)
  • Dyna-Mac said it won several contracts worth a total of S$88m that will be for 1Q24 to 2025. Its order book has increased to S$630.7m and it continues to receive many enquiries from both existing and new customers.
  • - Read this at SGinvestors.io -
  • We have a positive outlook for Dyna-Mac.

Key proxy to strong FPSO demand; S$630.7m orderbook now

  • Dyna-Mac (SGX:NO4) secured S$88m worth of contracts recently.
    • - Read this at SGinvestors.io -
    • The other contracts include the provision of services to execute fabrication, installation and integration work on vessels.
  • As a result, Dyna-Mac's order book has increased to S$630.7m, offering clear visibility into FY25E.
  • We expect Dyna-Mac to continue to benefit from this O&G upcycle and to continue to win more large orders as it has excess capacity to take on more work.

New land could expand capacity by 30-40%

  • 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.maybanktrade.com.sg/.

Jarick Seet Maybank Research | https://www.maybank-ke.com.sg/ 2023-10-02

Read also Maybank's most recent report:
2024-04-03 Dyna-Mac - Largest Contract Ever Won.

Previous report by Maybank:
2024-02-21 Dyna-Mac - On The Fast Track.

Price targets by 2 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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