At the time, she said that the demand for energy is expected to grow, due largely to growth in Asia and years of catch-up spending.
OCBC Investment Research analyst Ada Lim has kept “buy” on Dyna-Mac Holdings (SGX:NO4
) with a higher fair value estimate (or target price) of 41.5 cents from 37 cents previously.
In Lim’s report dated June 16, she notes that the recent upcycle in the offshore and marine (O&M) sector might be stronger than expected, referring to her initiation report on May 12, where she noted that the sector’s long-term fundamentals remain sound.
