- We expect Dyna-Mac (SGX:NO4)’s 50% capacity expansion, high operating leverage and doubling of its orderbook to S$896m should enable it to reap better net margins as FPSO (Floating, Production, Storage and Offloading) builders and operators continue to enjoy high prices and rates.
- - Read this at SGinvestors.io -
Capacity increase = higher revenue + margins
- With its orderbook doubling to S$896m within 12 months as well as its new land expansion of 50%, we expect Dyna-Mac to execute its orderbook at a faster pace.
- From our channel checks, we also discovered that FPSO builders are enjoying better pricing for each FPSO new-build and we believe that this should flow-down to players like Dyna-Mac which would grant them better margins for the new orders won.
- - Read this at SGinvestors.io -
New substantial shareholder – an interesting angle
- 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/ 2024-06-19
Read also Maybank's most recent report:
2024-10-14 Dyna-Mac - Accept The Offer Of S$0.67.
Previous report by Maybank:
2024-09-12 Dyna-Mac - Offer Of S$0.60 Per Share ~ Better To Wait & See.
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
