Civmec - Maybank Research 2024-07-02: Secures AUD174m Of Contracts; Retain BUY

• We maintain our EPS forecasts and Civmec's target price of S$1.05, still based on a target 10x FY25E P/E. At current Civmec share price, we think dividend yield of 6.5% is still attractive. Maintain BUY.

Order book boost

• - Read this at SGinvestors.io -

Clinches another job for a new shiploader

• Civmec was awarded a major contract for the supply, manufacture and offsite assembly of a shiploader for the Dalrymple Bay Terminal in Queensland, Australia.
• - Read this at SGinvestors.io -

Maintenance a new growth catalyst

• Read more at SGinvestors.io.

Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.

Read also Maybank's most recent report:
2025-02-17 Civmec 1HFY25 Results Below Consensus - Near-term Challenging Outlook.

Previous report by Maybank:
2024-10-30 Civmec - Stable Performance; 1QFY25 Results In Line.

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 Dividend Payout Dates & Corporate Actions,
Civmec News