The company specialises in building so-called topside modules for oil rigs, which are seeing a resurgence in demand because of higher oil prices.
OCBC's Ada Lim has maintained her 'buy" call on Dyna-Mac Holdings (SGX:NO4
) , but with a raised fair value price of 41.5 cents, up from 37 cents.
Noting that Dyna-Mac has gained 12.9% since she started coverage on May 12, Lim says there's further upside for the company, given the stronger-than-expected upcycle and potential catalysts ahead.
