Net Profit: RM30M (+55% YoY) – 12-14% above consensus estimates
Earnings exceeded expectations due to higher margins in the edible & non-edible oil refinery segment and higher-than-expected interest income.
Proposed Dividend: 1.8 S cents per share (total DPS: 2.7 S cents, 44.4% payout ratio).
Strong demand for vegetable oils & biodiesel
The global fats & oils market is projected to grow from US$257B (2023) to US$403B (2033).
Increasing demand for vegetable oils (palm oil, soybean oil, rapeseed oil) benefits Oiltek.
Higher biodiesel blending requirements (Malaysia B10 → B20; Indonesia B35 → B40) boost demand.
Key Catalysts for Share Price Upside:
Higher-than-expected order wins
Better-than-expected margins due to economies of scale
Earnings exceeded expectations due to higher margins in the edible & non-edible oil refinery segment and higher-than-expected interest income.
Proposed Dividend: 1.8 S cents per share (total DPS: 2.7 S cents, 44.4% payout ratio).
Strong demand for vegetable oils & biodiesel
The global fats & oils market is projected to grow from US$257B (2023) to US$403B (2033).
Increasing demand for vegetable oils (palm oil, soybean oil, rapeseed oil) benefits Oiltek.
Higher biodiesel blending requirements (Malaysia B10 → B20; Indonesia B35 → B40) boost demand.
Key Catalysts for Share Price Upside:
Higher-than-expected order wins
Better-than-expected margins due to economies of scale
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.