- We initiate coverage on Oiltek International (SGX:HQU) with an ADD rating and target price of S$1.32, representing a 30.7% upside potential from the closing Oiltek's share price on 2 Jan 25.
Investment Thesis
- - Read this at SGinvestors.io -
- its further order win potential from higher requirements for biodiesel blending in Malaysia and Indonesia; and
- the longer-term demand for refining plants involved in SAF.
25.1% EPS CAGR forecast over FY23-26
- - Read this at SGinvestors.io -
- We expect gross profit margins of between 21.25% and 22.25% over FY24-26F, leading to a 25.1% EPS CAGR over the same period.
Valuation methodology
- Read more at SGinvestors.io.
Above is the excerpt from research report by CGSI Research.
Clients of CGS International may access the full report in PDF @ https://itrade.cgsi.com.sg/.
William TNG CFA CGS International Research | https://itrade.cgsi.com.sg 2025-01-03
Read also CGSI's most recent report:
2025-01-14 Oiltek International - Continuing To Grow The Business.
Price targets by 3 other brokers at Oiltek Target Prices.
Listing of research reports at Oiltek Analyst Reports.
Relevant links:
Oiltek Share Price History,
Oiltek Announcements,
Oiltek Dividend Payout Dates & Corporate Actions,
Oiltek News
