- 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 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/.
Eric Ong Maybank Research | https://www.maybank-ke.com.sg/ 2024-07-02
Read also Maybank's most recent report:
2024-10-30 Civmec - Stable Performance; 1QFY25 Results In Line.
Previous report by Maybank:
2024-08-30 Civmec - Strong Execution; 2HFY24 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 Dividends & Corporate Actions,
Civmec News Articles
