In its FY2025, Oiltek's revenue dropped by 8% y-o-y to RM211 million with the completion of several projects. Gross margin in the same year increased by 8.6 percentage points to 33%.
Oiltek International's FY2025 earnings missed what William Tng of CGS International estimated by 21%, no thanks to unfavourable forex.
Nonetheless, Tng, citing the company's "strong" orderbook of RM350 million as of Feb 23, has maintained his "add" call for this stock, even though he trimmed his target price from $1.02 to 94 cents.
