- Tiong Woon Corporation (SGX:BQM) is the 15th largest crane-owning company worldwide in the latest IC100 2024 survey, up 4 ranks from19th place last year. It is also one of the leading one-stop integrated heavy lift specialist and service providers, benefiting from the booming O&G, petrochemical, infrastructure, and construction sectors.
Earnings growth for 7 straight years
- - Read this at SGinvestors.io -
- Gross profit margin improved by 1.3ppt to 41.2% in FY24, due to a higher contribution from the heavy lift & haulage segment (+6% y-o-y) which forms about 97% of turnover.
FY24 dividends raised by 50%
- - Read this at SGinvestors.io -
- Backed by its strong operating cashflow, Tiong Woon raised its FY24 dividends by 50% y-o-y to 1.5 cents. This translates into a dividend payout ratio (DPR) of only 19%, allowing room to potentially increase its dividend payout going forward.
Strategic alliance with Mammoet
- 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.com/ 2024-10-14
Price targets by other brokers at Tiong Woon Target Prices.
Listing of research reports at Tiong Woon Analyst Reports.
Relevant links:
Tiong Woon Share Price History,
Tiong Woon Announcements,
Tiong Woon Dividends & Corporate Actions,
Tiong Woon News Articles
