Oiltek

No application has been made to Securities Commission Malaysia in relation to the proposed listing by Oiltek as at Monday morning.

Oiltek proposes secondary listing on Bursa Malaysia’s main market

This provides the company the flexibility to access different equity markets to raise funds

As at Thursday morning, no definitive agreements or formal plans have been finalised or approved by the board, the company said.

Oiltek, SEDC Energy in talks on potential role in Sarawak sustainable aviation fuel plant initiative

The programme is in collaboration with sustainable aviation fuel technology provider Sulzer

Oiltek International's executive director and chief executive Yong Khai Weng believes novelty is what fetches businesses bigger growth and a larger premium.
TOPLINE

Mainboard-hopeful Oiltek gets slick with innovation, internationalisation

The vegetable and edible oil process engineering firm is riding a wave of ‘buy’ calls

The new contracts are with regards to the design, fabrication, delivery, testing and commissioning of various plants or refinery complexes.

Oiltek bags RM61.9 million in new contracts across South-east Asia and other global markets 

This brings the group’s current order book to RM402.4 million, which is expected to be fulfilled over the next 18 to 24 months

Since the company was listed on the Catalist board on Mar 3, 2022, Oiltek has designed, built and commercialised plants in more than 35 countries.

Oiltek applies to transfer listing to SGX mainboard

The company says the shift could result in better liquidity and improved share performance

SGX indicates that the top 100 most-traded stocks had total returns of 11 per cent in the first five months of the second half of 2024.

All fuelled up: Renewable energy wave pushes this Singapore stock to surge more than 370% this year

Oiltek has had a stellar run, and others that have outperformed include Wee Hur and Beng Kuang

Oiltek is trading at 15 times based on FY2025 estimates, which is at a discount of about 25 per cent compared to its peers’ average of 21 times.
BROKER’S TAKE

Analysts place ‘buy’ call on Oiltek on strong order book, growing demand for sustainable aviation fuel

Oiltek seen to leverage its capabilities to help firms process such fuel and capitalise on its growing demand

Oiltek International expects the new contracts to have a material impact on the group's performance for fiscal year ending December 2025.

Oiltek unit bags RM19.5 million in new contracts

The group’s cumulative new contracts secured in the financial year ending Dec 31 stands at about RM152.3 million

Oiltek expects the new contract to positively impact its performance for the current financial year.

Oiltek order book rises to RM430.9 million after obtaining new contract

It expects to fulfil its current order book over the next 18 to 24 months