- Civmec remains positive on its future outlook given the robust and growing orderbook, which has increased 17.9% y-o-y to A$1.1b. In addition, Civmec sees a strong pipeline of tendering opportunities across all the sectors in which it operates, with emerging opportunities in new sectors including battery minerals, rare earths and hydrogen plants.
- - Read this at SGinvestors.io -
Solid earnings growth for 1QFY24 and improved net cash position.
- Civmec (SGX:P9D)’s 1QFY24 net profit of A$15.2m (+7.3% y-o-y) is in line with our expectations, accounting for 24% of our full-year estimate. Net margin remained flat y-o-y but improved q-o-q by 2.6ppt, driven by the delivery of higher-return projects and better cost management.
- - Read this at SGinvestors.io -
- We expect Civmec to continue to deliver a strong set of results moving forward.
Robust orderbook with tendering opportunities across all sectors.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
John Cheong UOB Kay Hian Research | Heidi Mo UOB Kay Hian | https://research.uobkayhian.com/ 2023-11-08
Previous report by UOB:
2023-08-30 Civmec - Dividend Beats Expectation By 25%; Tendering Activities Remain Strong.
Price targets by other brokers at Civmec Target Prices.
Listing of research reports at Civmec Analyst Reports.
Relevant links:
Civmec Share Price History,
Civmec Announcements,
Civmec Dividends & Corporate Actions,
Civmec News Articles
