Seet notes that the additional capacity can help Dyna-Mac both increase its revenue while eking out better margins.
Jarick Seet of Maybank Securities has maintained his "buy" call on Dyna-Mac Holdings (SGX:NO4
) along with a higher target price of 52 cents, from 46 cents.
In his June 19 note, Seet reasons that with the company's 50% capacity expansion, high operating leverage and doubling of its orderbook to $896 million should enable it to reap better net margins as FPSO builders and operators continue to enjoy high prices and rates.
