Civmec, the Australia-based provider of heavy engineering services and main­tenance services, is keenly attuned to where the environmentally-friend­ly winds are blowing Down Under.Australian politics took a major shift in that direction this year when Anthony Albanese took over as the prime minist...

Venture Corporation Price target: Maybank Securities ‘buy’ $20.20 CGS-CIMB Research ‘add’ $19.62 Recovery on track With its latest 3QFY2022 ended Sept 30 results boasting improvements across the board, Venture Corp seems to be on track for a recovery. Analysts are bullish on its prospects, ...

Civmec is off to a good start, with 1QFY2023 ended September results in line with Maybank Securities analyst Eric Ong’s expectations.Civmec’s 1QFY2023 net profit after tax jumped 31.3% y-o-y to A$14.2 million ($12.91 million) on solid performance across all operating sectors, writes Ong. 1QFY202...

UOB Kay Hian analyst John Cheong has maintained his “buy” call for Civmec with an increased target price (TP) of $1.18 from $1.08 previously, with the company’s contract wins and improved margins.The dual-listed Singaporean-Australian construction engineering company’s FY2022 net profit of A...

DBS Group Research analyst Paul Yong is keeping his “buy” call on Civmec with a higher target price of 92 cents from 88 cents after the company posted record results for the FY2022 ended June.The new target price is based on Yong’s earnings per share (EPS) estimates for the FY2023 and an uncha...

DBS Group Research on Friday (Sep 2) raised its target price on construction and engineering company Civmec to S$0.92 as it believes the company’s Sep 1 trading price of S$0.64 is a “steep discount” relative to its peers’ average, given its higher earnings growth and margins.

THE following companies saw new developments that may affect trading of their securities on Tuesday (Aug 30):

Dual-listed construction and engineering services provider Civmec Limited has reported earnings of A$50.8 million ($48.8 million) for the FY2022 ended June, 46.0% higher than FY2021’s earnings of A$34.8 million. The higher earnings were attributable to the higher revenue and lower finance costs.Ea...

CONSTRUCTION and engineering group Civmec reported a net profit of A$28.17 million (S$27.2 million) for H2 FY22, up nearly 43 per cent year on year on the back of increased revenues and improved gross margins.

Australia-based engineering and construction company Civmec’s overall prospects are brightening, as seen from its growing order book that has crossed over A$1 billion, including A$120 million worth announced on May 25.On May 11, Civmec, which is dual-listed in Australia, reported 3QFY2022 ended Ma...

Dual-listed construction and engineering services provider Civmec Limited has recently secured circa A$120 million ($116.82 million) of new contracts across multiple operating sectors.These include a car dumper replacement, a subsea project and maintenance contracts, announced the company on May 25....

AUSTRALIA’S strong economic outlook as well as opportunities in new economy sectors present significant potential upside to Civmec’s share price going forward, according to DBS Group Research.

Global issues like the Russsia-Ukrainian War and supply chain disruptions continue to affect markets around the world. RHB Group Investment Bank CEO Ganesh Sabaratnam observes that central banks today are treading a fine line between attempting to cap inflation without impacting economic growth — ...

The Singapore research team at UOB Kay Hian has added AEM, Keppel Corporation (Keppel Corp) and Singapore Post (SingPost) to its alpha picks portfolio for the month of May.“We add AEM due to it being a beneficiary of Intel’s aggressive capex plans while Keppel’s inclusion stems from the large ...

CONSTRUCTION and engineering group Civmec can likely ride on its strong orderbook as well as rising investments in the resources and energy sectors to post a positive growth outlook, Maybank said.