Dyna-Mac Holdings (DMHL)

With oil prices rising in the wake of the Ukraine war, demand for Dyna-Mac’s products and services is recovering strongly.

As at March 31, the group’s cash position stood at $122.3 million while its net order book stood at $338.1 million.

See what the analysts have to say this week.

“Dyna-Mac is in an enviable position to capture the surge in FPSO demand,” says analyst Jarick Seet.

A final cash dividend of 0.29 cents per share has been recommended, making this the first dividend proposed since FY2014.

Work on the topside models will commence in 4QFY2022 with completion scheduled for 1QFY2024.

The win brings Dyna-Mac’s order book to $368 million to-date, with deliveries up to 2023.

SINGAPORE (Aug 31): Dyna-Mac Holdings, the engineering, procurement, and construction services provider to the marine construction and offshore oil & gas industries, reversed out of the red in 1H18 with earnings of $1.21 million, compared to a loss of $22

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.