- 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
