On July 5, Dyna-Mac said that it expects to report a “significant improvement” in its net profit for the 1HFY2024 ended June 30, compared to the same period the year before.
Maybank Securities analyst Jarick Seet has lifted his target price estimate on Dyna-Mac to 62 cents from 52 cents. Seet had upped his target price to 52 cents in his last report dated June 19, from 46 cents before.
“With its positive profit alert, we continue to believe we were too conservative with Dyna-Mac’s margins,” the analyst writes in his July 19 report.
