Dyna-Mac's Acquisition of Exterran Offshore Looks Positive -- Market Talk

Dow Jones01-05

0247 GMT - Dyna-Mac Holdings' acquisition of Exterran Offshore looks positive, says Maybank Research analyst Jarick Seet in a research report while maintaining the stock's buy rating. The acquisition will grant the Singapore-listed multidisciplinary contractor access to an additional 4.5 hectares of yard facilities along Singapore's Gul Road, just beside the company's own facilities, Seet notes. This acquisition is likely to enable the company to expand its fabrication capacity by 30%, which will be positive, Seet adds. However, Maybank lowers the stock's target price to S$0.38 from S$0.51 to reflect dilution owing to bonus warrants issued by the company. Shares are 1.6% higher at S$0.325. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 04, 2024 21:47 ET (02:47 GMT)

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The acquisition ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NO4.SI","symbol_name":"精砺","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2401372445","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2401372445","pubTimestamp":1704422820,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0247 GMT - Dyna-Mac Holdings' acquisition of Exterran Offshore looks positive, says Maybank Research analyst Jarick Seet in a research report while maintaining the stock's buy rating. 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