Dyna-Mac - Maybank Research 2024-02-21: On The Fast Track

Dyna-Mac - On The Fast Track

Published:
Dyna-Mac (SGX:NO4) | SGinvestors.ioDyna-Mac (SGX:NO4)
  • Dyna-Mac (SGX:NO4), one of our SMID conviction picks, reported strong FY23 NPAT of S$28.69m, up 114% y-o-y and 39% above our of S$20.7m forecast. This was driven by a rise in project volumes and improved productivity, tighter cost control and lucrative margins for new orders won.
  • - Read this at SGinvestors.io -

Rising capacity to improve productivity, margins

  • Dyna-Mac's FY23 revenue rose 32.1% y-o-y to S$385.2m while NPAT surged 114% y-o-y to S$28.7m, well above our S$20.7m forecast.
  • With capacity up 60% on its new JTC lease and the acquisition of Exterran Offshore, we expect capex of S$15-25m to reconfigure its layout and lift productivity.
  • - Read this at SGinvestors.io -
  • With excess capacity, we expect this to move in-house which will eventually save costs and lift overall margins.

S$300-600m of potential contracts

  • 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/ 2024-02-21



Read also Maybank's most recent report:
2024-06-19 Dyna-Mac - Robust FPSO Market Spurs Growth.

Previous report by Maybank:
2024-04-03 Dyna-Mac - Largest Contract Ever Won.

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





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