- Dyna-Mac (SGX:NO4) has expanded its yard capacity significantly in 2023, which will be a positive for top line growth. We think there remains great potential for Dyna-Mac to grow inorganically in a manner that is accretive to earnings in the near future, backed by its healthy net cash position.
Positive profit guidance drives upward earnings revision
- - Read this at SGinvestors.io -
Growth momentum in current upcycle well supported by expanded fabrication capacity
- To recap, Dyna-Mac expects to report a significantly higher net profit y-o-y for 1H24, on the back of higher revenue (due to completion of major projects) and productivity improvements. This is well supported by steady order win momentum and yard capacity expansion.
- - Read this at SGinvestors.io -
Adjustment to forecasts
- 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/ 2024-07-23
Read also OCBC's most recent report:
2024-09-12 Dyna-Mac - A Phoenix Risen From The Ashes Warrants A Greater Glow.
Previous report by OCBC:
2024-08-07 Dyna-Mac - Out Of This World.
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
