Dyna-Mac Holdings

Higher project revenue recognition and interest income lifts Dyna-Mac's 1HFY2023 earnings by 218% - THE EDGE SINGAPORE

Results

Higher project revenue recognition and interest income lifts Dyna-Mac's 1HFY2023 earnings by 218%

As at June 30, the company has built up an orderbook of some $542.7 million.

Broker's Calls

OCBC raises Dyna-Mac's target price to 41.5 cents from 37 cents

'Dyna-Mac certainly stands out amongst its peers given its resilient growth profile and strong net cash position'

Broker's Calls

Maybank keeps 'buy' on Dyna-Mac as company eyes yard expansion

Analyst Jarick Seet gas also kept an unchanged target price of 40 cents.

Broker's Calls

OCBC Investment Research ups Dyna-Mac’s target price to 41.5 cents

OCBC analyst Ada Lim notes that the recent upcycle in the offshore and marine (O&M) sector might be stronger than expected.
Dyna-Mac eyes growth and recurring income, mulls buybacks and higher payouts - THE EDGE SINGAPORE

Oil & Gas

Dyna-Mac eyes growth and recurring income, mulls buybacks and higher payouts

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

Contracts

Dyna-Mac announces order wins worth $270 million; net order book brought to $608.1 million

The new contracts are not expected to have a material impact on Dyna-Mac’s earnings per share and net tangible assets for FY2023.

Right Timing

China equities weighed down by CRE stress

Pace of distressed property sales picks up in China as local investors pivot to offshore plays like Dyna-Mac

Broker's Calls

Maybank Securities raises Dyna-Mac target price to 40 cents, citing validation of upcycle

Traditionally, the first quarter is the weakest. Yet, the company is keen to expand its yard space

Results

Dyna-Mac's 1QFY2023 net profit doubles to $3.9 mil on higher revenue and margins

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