- 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.
