- Initiate coverage on Oiltek with BUY and Oiltek's target price of S$1.22, based on 18.9x 2025F P/E, pegged to 0.9x PEG. Oiltek's share price is trading at a discount of 30% vs its peers’ average.
- - Read this at SGinvestors.io -
Strong track record and growth profile; expect double-digit earnings growth for 2024-26.
- - Read this at SGinvestors.io -
- Oiltek’s solid track record is evidenced by its ability to deliver close to US$1b of total contract value and to win repeat orders regularly from its major customers. It has operations in 36 countries across five continents and services prominent clients in the agricultural commodities market.
- On the back of Oiltek’s strong and growing orderbook, its earnings are expected to grow 39%/15%/11% in 2024/25/26.
Accelerating demand for Oiltek’s engineering services should boost orderbook.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
John Cheong UOB Kay Hian Research | Heidi Mo UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-12-11
Price targets by 2 other brokers at Oiltek Target Prices.
Listing of research reports at Oiltek Analyst Reports.
Relevant links:
Oiltek Share Price History,
Oiltek Announcements,
Oiltek Dividends & Corporate Actions,
Oiltek News Articles
