Civmec - Maybank Research 2024-08-30: Strong Execution; 2HFY24 Results In Line

Civmec - Strong Execution; 2HFY24 Results In Line

Published:
Civmec (SGX:P9D) | SGinvestors.ioCivmec (SGX:P9D)
  • Civmec (SGX:P9D)’s 2HFY24 PATMI of AUD32.5m (+10.6% y-o-y) was within our and street expectations. It brought FY24 earnings to AUD64.4m (+11.7% y-o-y), or 100% of FY24 consensus.
  • The group declared a final dividend of AUD0.035, taking total Civmec's dividend to AUD0.06 for the full year (or dividend payout ratio of ~48%). Given its net cash balance sheet, we believe there is still room for Civmec to raise its payout ratio.

New defence contacts may boost orderbook

  • - Read this at SGinvestors.io -
  • - Read this at SGinvestors.io -

Expanding its maintenance facilities

  • 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/ 2024-08-30



Previous report by Maybank:
2024-07-02 Civmec - Secures AUD174m Of Contracts; Retain BUY.

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





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