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PR Newswire
20-09-2024, 09:06 AM
A micro cap supposed to list on Bursa Malaysia, before it eventually listed (raised 5mil gross proceeds with 30% of it listing expenses) on the SGX about 2.5years ago.
If its ultimate parent Koh Bro Group had delayed Oiltek's IPO plans by a year or two, it probably wouldn't have been listed here.
So, the Group currently has a order book of 378mil (to be fulfilled over the next 2years) when it did ~60mil of revenue in a full year 2023. That is a lot of revenue (and probably earnings) visibility down the road. No wonder share price has doubled since the start of the year!
Oiltek International secures new contracts from Africa, Central America and Malaysia worth RM19.5 million
• The new contracts bring its tally of new contracts secured in 2024 to-date to approximately RM152.3 million
• The Group’s current order book of approximately RM378.3 million will be fulfilled in the next 18-24 months barring any unforeseen circumstances
https://links.sgx.com/FileOpen/Oiltek%20...eID=819130
If its ultimate parent Koh Bro Group had delayed Oiltek's IPO plans by a year or two, it probably wouldn't have been listed here.
So, the Group currently has a order book of 378mil (to be fulfilled over the next 2years) when it did ~60mil of revenue in a full year 2023. That is a lot of revenue (and probably earnings) visibility down the road. No wonder share price has doubled since the start of the year!
Oiltek International secures new contracts from Africa, Central America and Malaysia worth RM19.5 million
• The new contracts bring its tally of new contracts secured in 2024 to-date to approximately RM152.3 million
• The Group’s current order book of approximately RM378.3 million will be fulfilled in the next 18-24 months barring any unforeseen circumstances
https://links.sgx.com/FileOpen/Oiltek%20...eID=819130