Oiltek International

SGX Research Series: 10 in 10

Oiltek International — sustainable solutions in the global vegetable oils industry

To date, Oiltek has executed numerous projects in 36 countries across five continents
AGT Partners emerges as a substantial shareholder of Oiltek International following Nov 25 open market buy - THE EDGE SINGAPORE

Insider moves

AGT Partners emerges as a substantial shareholder of Oiltek International following Nov 25 open market buy

AGT Partners has invested in Oiltek International since its March 22 IPO

Company in the news

Could Koh Brothers Eco echo subsidiary Oiltek’s fourfold share price surge?

Oiltek’s share price has shot up to close at $1 on Nov 20, handily outperforming the broader market, which has enjoyed a gain of around one-third so far this year.

Broker's Calls

PhillipCapital increases Oiltek’s TP to $1.19 after 9MFY2024 patmi beats expectations

Since Nov 12, Oiltek’s shares surged by some 44.9% from around 69 cents to close at an all-time high of $1 on Nov 20.

Results

Oiltek’s shares rise after 83.2% y-o-y surge in 3QFY2024 profit after tax

As at Nov 19, Oiltek has an order book of RM400.9 million, which is expected to be fulfilled over the next 18 to 24 months.

Contracts

Oiltek wins Latin American contract worth RM45.5 mil

The order book is expected to be fulfilled over the next 18 to 24 months and is expected to contribute positively to Oiltek’s financial performance in FY2025.

Contracts

Oiltek secures new contracts worth RM19.5 mil from Africa, Central America and Malaysia

This brings the cumulative new contracts secured to date in the FY2024 ended December to around RM152.3 million in value.
Focus on innovation and adaptability key to steady growth: Oiltek’s CEO - THE EDGE SINGAPORE

kopi-C: the Company brew

Focus on innovation and adaptability key to steady growth: Oiltek’s CEO

When Henry Yong joined Malaysia-based Oiltek in 2008 as its managing director, his priority was to hone its innovation.
Oiltek International hits another record order book high of RM430.9 mil following new contract win - THE EDGE SINGAPORE

Contracts

Oiltek International hits another record order book high of RM430.9 mil following new contract win

The new contract is expected to contribute positively to Oiltek’s financial results for the FY2024.
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