- Dyna-Mac (SGX:NO4) is a leading fabricator of offshore topside modules and facilities, such as floating production storage and offloading (FPSO) vessels. Its strategy to remain focused on niche topside module construction and to differentiate itself through its commitment to quality, as well as reliable and timely deliveries positions it well to capture burgeoning demand for FPSO modules amidst a shortage in capacity.
Dyna-Mac sees significant improvement in 1H24 net profit
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
Could a new substantial shareholder bring more opportunities?
- Hanwha Aerospace & Ocean (Hanwha) has acquired a 23.9% stake in Dyna-Mac from Keppel (SGX:BN4) for an aggregate cash consideration of S$100m in May 2024.
- Hanwha is a South Korean offshore and marine contractor with a focus on green technology, such as hydrogen, wind power, liquefied natural gas (LNG), and ammonia.
- While the rationale of the deal has not been explicitly stated, the acquisition could potentially be part of Hanwha’s global expansion drive, given that the company has also recently acquired Philly Shipyard, a leading American shipbuilder, for US$100m, and launched a bid for Australian shipbuilder Austal for AUD1.0b.
Revise fair value estimate to S$0.52
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
Ada Lim OCBC Investment Research | https://www.iocbc.com/ 2024-07-08
Read also OCBC's most recent report:
2024-07-23 Dyna-Mac - Turning Up Another Notch.
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
