During its presentation, Oiltek’s management said it sees opportunities for growth from the continued requirements from refining plants driven by higher biodiesel blending requirements for Malaysia.
Catalist-listed Oiltek should explore upgrading to the Singapore Exchange (SGX:S68
) ’s (SGX) Mainboard, says CGS International analyst William Tng.
The upgrade could “garner more interest and make it more investible given the more prestigious Mainboard listing status”, the analyst adds in his Jan 14 report, which comes after the brokerage hosted Oiltek at its inaugural Value Up conference on the same day.
