They write in their July 31 report: “This is in line with our expectations, as 1HFY2025 typically forms 35% to 40% of its full-year performance.”
UOB Kay Hian (UOBKH) analysts John Cheong and Heidi Mo have kept their “buy” call on Oiltek International (Oiltek) at a raised target price of $1.05 from 86 cents previously, following the company’s 1HFY2025 ended June 30 results.
In the period, Oiltek posted a revenue of RM101 million ($30.6 million) and profit after tax and minority interests (patmi) of RM14 million, respectively forming 37% and 41% of Cheong and Mo’s full-year forecast.
