more order wins are expected in the near term as more customers are finalising their orders after more clarity on the US tariffs;
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we think Oiltek should continue to explore more options to enhance shareholder value.
More order wins are expected as customers are getting more clarity of US tariffs.
Oiltek International (SGX:HQU) is in a better position to win more new orders as some of its customers have been pushing back their capex spending due to the tariff uncertainties.
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Strengthening moats from proprietary technology, constant innovation and asset light business model.
proprietary technologies in equipment design that could enhance the functions, productivity and quality of its equipment;
constant innovation with the target of at least one new product design every six months based on the next product that may garner strong demand such as in the field of biodiesel, sustainable aviation fuel (SAF), biomass feedstocks, renewable energy and etc; and
an asset-light and lean business model with only around 90 staff members that enables Oiltek to be very cost competitive vs its competitors that are mostly Europe-based companies.
Expansion to new business model with recurring revenue is progressing.
Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research. Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
Adrian LOH UOB Kay Hian Research | John Cheong UOB Kay Hian Research | Singapore Research Team UOB Kay Hian Research | https://research.uobkayhian.com/2025-07-16
