- As we have expected, Hanwha group has raised its offer and announced a final offer of S$0.67 per share for Dyna-Mac, above our Dyna-Mac's target price of S$0.64. The offer is final and there will not be any further raises.
- - Read this at SGinvestors.io -
- We believe that this represents a fair exit price for shareholders of Dyna-Mac to realise their investment and reinvest into other under-valued counters.
Offer represents a 10-year high
- The offer of S$0.67 is higher than Dyna-Mac's closing share price for the past 10 years prior to and including 10 Sep 2024.
- - Read this at SGinvestors.io -
- The estate of the founder also said it will need to divest a portion of its shares before exercising its warrants so as not to trigger an obligation to make a mandatory general offer for the firm.
Outlook for Dyna-mac is still positive
- 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/.
Jarick Seet Maybank Research | https://www.maybank.com/ 2024-10-14
Previous report by Maybank:
2024-09-12 Dyna-Mac - Offer Of S$0.60 Per Share ~ Better To Wait & See.
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
