Oiltek - Phillip Securities 2026-03-13: Becoming An Oil Price Proxy

• Oiltek (SGX:HQU)'s FY25 adj.PATMI was within our expectations at 101% of our FY25e forecast. Revenue was below expectations at 83% of our FY25e. Gross margins rose on project completions and procurement savings. FY25 Oiltek's dividends per share jumped 33% to 1.2 cents.
• - Read this at SGinvestors.io -
• Our expectations are for a significant rebound in orders in FY26e, led by both refining and renewables projects.

The Positive

Strong gross margins.

• Gross margins continue to climb to 32.8% in 2H25. The higher margins reflect the proprietary nature of the projects, procurement savings, and project completions. Margins remained high despite the stronger ringgit.

The Negative

Decline in the order book.

• - Read this at SGinvestors.io -

Outlook

• Read more at SGinvestors.io.

Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Previous report by Phillip:
2025-08-04 Oiltek International - Prepare For The Next Wave.

Price targets by 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