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.
[This is a premium article. The rest of the content is blocked and can be accessible by SG Wealth Builder Members only. To read the full content, please sign up as member.]
Sign up as member and receive a bonus investment report on Singapore stocks! The membership benefits include:
1) Access to the latest premium articles of SG Wealth Builder
2) Email notifications of latest blog articles
3) Access to Wealth Forum for investment ideas and discussion
4) Free bonus investment report
5) Request for coverage on stocks, insurance and other personal financial topics
6) Comment in articles and Wealth Forum
Note: After payment is made, you will be prompted with registration form to create your user-id and personal password.
You may sign up for the monthly subscription for only $19.99 per month. You can choose to cancel the subscription after one month with no penalty.
Subscribe to Blog via Email
SG Wealth Builder