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Will Dyna-Mac be acquired by Keppel Corp?

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SGX-listed Dyna-Mac to sink or swim? As an oil and gas player, it is so easy to write off this company like so many of its struggling peers (EMAS, Nam Cheong, Ezion, Marco Polo Marine, etc). But then again, every stock has its own story. So let’s examine whether Dyna-Mac stands a chance in winning the battle of survivorship.

The collapse of the oil price since 2014 had led to a long winter for the oil and gas exploration industry. Many companies in this sector had been embattled by the protracted oil slump and quite a number mid-sized players face the prospect of liquidation. With a market capitalization of only $130 million, Dyna-Mac is no exception. The oil services provider is currently hanging on precariously for its dear life as the devastating oil slump threatens to destroy its business.

In the good old days

When Dyna-Mac got listed in SGX mainboard in 2011, it was a market darling. The IPO price was $0.35 and many investors bought into its growth story due to the boom in the oil price. Share price surged almost 100% to reach nearly $0.70 within a few months. It even counts big boy, Keppel Corp, as one of its major shareholders. Keppel Corp currently holds 24.4% stake in Dyna-Mac.

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Updated: April 1, 2018 — 4:21 pm

3 Comments

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  1. Hi Gerald,

    The summary of the write up on Dyna Mac is well received.
    It is very disappointed as the share price had been dropping since the IPO time until today of about 39 cents. Shall we sell instead or hopefully await for it to recover which we think it is not possible. In view of this could you do a research on this counter HPH Trust to enlighten us on this matter.

    Regards,
    Tommy

  2. Hi Tommy,

    Thank you for your comments. I am unable to advise whether you should sell because I am not a licensed financial advisor. My articles are for information only. Then again, it is important to gain some lesson out of it. We all make mistakes in investments. I made losses on penny stock before – China Enersave and lost $8000.

    Nonetheless, I would proceed to do research on HPH Trust. Please stay tune. Thanks!

    Regards,
    Gerald
    http://www.sgwealthbuilder.com

  3. Hi Gerald

    It was noted that the planned writeup on Investment Report on SGX Stock has not been updated for quite a while.
    We are looking forward to read the updated version the soonest.

    Best Regards

    Tommy Lee

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