Dyna-Mac Set to Benefit From FPSO Upcycle -- Market Talk

Dow Jones02-22

0334 GMT - Dyna-Mac looks poised to gain from a multiyear upcycle for floating production storage and offloading vessels, Maybank Research analyst Jarick Seet says in a research report. FPSO charter rates are still rising amid a lack of supply, and the Singapore-listed company has a strong order pipeline for the topside modules it manufactures for the vessels, the analyst says. Maybank expects Dyna-Mac to secure S$300 million-S$400 million of orders by 1H 2024 and another S$200 million-S$300 million by 2H, the analyst says. Maybank lifts its 2024 and 2025 profit-after-tax-and-minority-interests forecasts for the company by 31% and 34% respectively. It raises the stock's target to S$0.42 from S$0.38 and maintains its buy rating. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 21, 2024 22:34 ET (03:34 GMT)

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FPSO charter ...</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":"2413234959","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2413234959","pubTimestamp":1708572840,"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":"0334 GMT - Dyna-Mac looks poised to gain from a multiyear upcycle for floating production storage and offloading vessels, Maybank Research analyst Jarick Seet says in a research report. 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