- 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).
- - Read this at SGinvestors.io -
- 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 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/ 2024-08-07
Read also OCBC's most recent report:
2024-09-12 Dyna-Mac - A Phoenix Risen From The Ashes Warrants A Greater Glow.
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
