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OILTEK

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Record-Breaking Revenue & Earnings - A Bright Future Ahead!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
SGX:HQULong
by minichartsg
Oiltek has proposed a final dividend of 1.8 centsOiltek International has announced record earnings of RM29.6 million for FY2024, marking a 55% increase. Revenue also reached a record high of RM230.3 million, reflecting a 14.5% rise from FY2023. The company's strong performance is primarily driven by its core business of constructing refineries for both edible and non-edible oil sectors. In FY2024, Oiltek secured RM207 million in new orders, bringing its total order book to RM354.9 million. As of December 31, 2024, the company maintains a healthy cash balance of RM106.1 million with zero debt. Oiltek has proposed a final dividend of 1.8 cents, bringing its total full-year payout to 2.7 cents. This represents a payout ratio of 44.4% and a more than two-thirds increase compared to FY2023. Looking ahead, Executive Director and CEO Henry Yong Khai Weng expressed confidence in the company’s growth prospects: "As we enter the new financial year, we remain optimistic about our business and committed to driving growth while delivering long-term, sustainable value for our shareholders." Thank you
SGX:HQULong
by minichartsg