Civmec

Broker's Calls

Brokers' Digest: Food Empire Holdings, Seatrium, Civmec

See what the analysts have to say this week.

Broker's Calls

New defence contracts may boost Civmec’s order book, Australian re-domicile may open up opportunities: Maybank

Given its net cash balance sheet, Ong believes there is still room for the company to raise its payout ratio.
 Maybank keeps ‘buy’ call on Civmec after strong contract wins and order book boost  - THE EDGE SINGAPORE

Broker's Calls

Maybank keeps ‘buy’ call on Civmec after strong contract wins and order book boost

The brokerage identifies maintenance services as Civmec's next growth driver which accounts for around 20% of its revenue.

Broker's Calls

UOB Kay Hian sees Civmec's bid to shift domicile to Australia a positive move

Shifting its domicile to Australia will help Civmec win new contracts with stringent "local content" requirements
Maybank keeps Civmec at 'buy' following 3QFY2024 beat; attractive dividend seen - THE EDGE SINGAPORE

Broker's Calls

Maybank keeps Civmec at 'buy' following 3QFY2024 beat; attractive dividend seen

Ong expects Civmec to raise FY2024 dividend by 20% to 6 Australian cents, giving a yield of 6.9%

Results

Civmec reports 3QFY2024 earnings of A$17.1 million, up 16.9% y-o-y

The company says its order book is at A$821 million.
Civmec is overall winner; Sarine and Micro-Mechanics share honours - THE EDGE SINGAPORE

Billion Dollar Club 2023

Civmec is overall winner; Sarine and Micro-Mechanics share honours

Civmec is eyeing new businesses from the green energy sectors
Civmec: A success story in Australia’s heavy engineering industry - THE EDGE SINGAPORE

Billion Dollar Club 2023

Civmec: A success story in Australia’s heavy engineering industry

The last few financial years since FY2020 have been great for Civmec as it delivered yet another record performance in FY2023.

Results

Civmec posts 1QFY2024 profit of A$15.2 mil, up 7.3% y-o-y

As at end-September, Civmec had an order book of A$1.1 billion, an increase of 17.9% from Sept 30 last year.
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