Dyna-Mac Holdings

M&A

Dyna-Mac acquires Exterran Offshore for US$8.25 million

Exterran’s yard facilities of some 4.5 hectares along Gul Road will provide additional fabrication capacity for the company.

Broker's Calls

Dyna-Mac's recent correction 'overdone', says Maybank Securities

The company might pay out special dividends if there's no M&A

Broker's Calls

Maybank maintains 'buy' call and 51 cents target price on Dyna-Mac following $88 mil contract win

Dyna-Mac's new space corresponds with stronger demand for oil rigs over the medium term

Contracts

Dyna-Mac wins new orders worth $88 million, total orderbook hits $630.7 million

The new contracts will be fulfilled using new yard space recently secured

Broker's Calls

OCBC reiterates 'buy' on Dyna-Mac, sees recent drop a 'buying opportunity'

The long-term fundamentals for the offshore oil and gas (O&G) industry remain sound.
Kim Heng chairman Tan raises stake; Kimly continues share buybacks - THE EDGE SINGAPORE

Insider moves

Kim Heng chairman Tan raises stake; Kimly continues share buybacks

Kim Heng is riding on a recovery in the offshore and marine sector

Company in the news

Dyna-Mac Holdings enters two year MOU with Kim Heng to grow floating production storage and offloading module projects

This “win-win” partnership allows Dyna-Mac greater flexibility to address the spikes in FPSO vessel module fabrication demand.

Broker's Calls

Maybank Securities raises target price for Dyna-Mac to 51 cents

Seet's new target price of 51 cents is pegged to 20x forward FY2024 earnings
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.
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