Traditionally, the first quarter is the weakest. Yet, the company is keen to expand its yard space, suggesting "robust demand" ahead. Its current orderbook stands at $338 million.
Maybank Securities' Jarick Seet has kept his "buy" call on Dyna-Mac Holdings, along with a higher target price of 40 cents from 35 cents, following the company's 1QFY2023 earnings that beat his expectations.
For the three months ended March, Dyna-Mac reported earnings of $3.9 million, up 108% y-o-y, while revenue was up 29% y-o-y to $87.2 million.
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