Oiltek International

Broker's Calls

PhillipCapital initiates ‘buy’ on Oiltek International with TP of 70 cents

Analyst Paul Chew likes Oiltek's 'enviable' business, which has a 31% ROE, an asset-light model and strong net cash position.

Contracts

Oiltek International wins RM94.8 mil worth of new contracts, bringing order book to record high

The group’s current order book now stands at RM400.5 million.

Broker's Calls

Oiltek International benefitting from push for wider use of sustainable fuel, says PhillipCapital

As at end of last December, Oiltek's order book reached a record RM382 million, up 64%
Oiltek reports FY2023 earnings of RM19.1 million, up 50.9% - THE EDGE SINGAPORE

Results

Oiltek reports FY2023 earnings of RM19.1 million, up 50.9%

Oiltek's posts FY2023 earnings per share of 8.58 cents, 54.6% higher than FY2022’s 5.55 cents.

Contracts

Oiltek International secures RM322.1 mil worth of contracts in FY2023 after new contracts signed

The total value of contracts signed for FY2023 represents a 64.3% increase from the total value signed in FY2022.

Contracts

Oiltek wins RM52.5 million worth of new contracts from Colombia and Malaysia

This year alone, the company won new contracts worth RM312.5 million

Contracts

Oiltek International wins RM40.1 mil worth of new contracts in Indonesia and Malaysia

This brings the total value of new contracts awarded to the company to around RM260.0 million to date for the FY2023 ending Dec 31
Oiltek reports 44.5% higher net profit in 1HFY2023, eyes greater revenue from renewable energy segment - THE EDGE SINGAPORE

Results

Oiltek reports 44.5% higher net profit in 1HFY2023, eyes greater revenue from renewable energy segment

The group’s current order book stands at approximately RM368.5 million.
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