Dyna-Mac - OCBC Investment 2024-08-07: Out Of This World

• Dyna-Mac (SGX:NO4)'s total returns of 68.7% year-to-date versus the Straits Times Index’s (STI Index) 2.4% gains.
• - Read this at SGinvestors.io -

Dyna-Mac’s1H24 results surpassed our expectations on better-than-anticipated margins

• Dyna-Mac's 1H24 revenue grew 42.5% y-o-y to S$259.7m due to the completion of major projects and an increase in the volume of projects undertaken.
• During the period, Dyna-Mac delivered 16 modules with a total weight of 41,349 metric tonnes. This was well supported by the company’s proactive expansion of yard space in 2023, with the securing of a JTC lease and acquisition of Exterran Offshore Pte Ltd (now rebranded as Dyna-Mac Solutions Pte Ltd).
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• Together with a doubling of other income to S$7.6m in 1H24 on the back of higher interest income, FX gains, and scrap income, Dyna-Mac posted a record net profit of S$38.8m, up 280.3% y-o-y.

Net cash position of S$307.7m

• Read more at SGinvestors.io.

Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Read also OCBC's most recent report:
2024-10-25 Dyna-Mac - Accept The Offer.

Previous report by OCBC:
2024-09-12 Dyna-Mac - A Phoenix Risen From The Ashes Warrants A Greater Glow.

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 Dividend Payout Dates & Corporate Actions,
Dyna-Mac News