In a Thursday report, lead analyst Cezzane See notes that DMHL’s share price has been trading within the 11-18 cent range since Aug 2016, and believes the counter’s risk-reward profile is now skewed to the upside given its better financial footing as of late.
SINGAPORE (Mar 22): CIMB Research is initiating coverage on Dyna-Mac Holdings (DMHL) at “add” with an 18-cent price target, which is based on 1.8 times CY18 book value, DMHL’s CY12-17 mean.
DMHL, a provider of engineering & construction services to the offshore oil & natural gas sectors, is 24.4% owned by Keppel Corporation.
