Dyna-Mac Set to Benefit From Growing Demand -- Market Talk

Dow Jones01-25

0610 GMT - Dyna-Mac Holdings stands to benefit from growing demand for floating production storage and offloading vessels' modules amid a shortage in capacity, OCBC Investment Research analyst Ada Lim says in a research note. The Singapore-listed fabricator of topside modules for FPSOs could deploy cash to expand current yard capacity or to grow inorganically in a way which is accretive to earnings, the analyst says. The analyst maintains the stock's buy rating but lowers fair value estimate to S$0.360 from S$0.505 to account for the company's issuance of bonus warrants that can be converted into shares, which are 2.0% lower at S$0.240. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 25, 2024 01:10 ET (06:10 GMT)

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