$Dyna-Mac (NO4.SG)$ When Lim Ah Cheng, also known as AC Lim,...
When Lim Ah Cheng, also known as AC Lim, became offshore oil and gas contractor Dyna-Mac's chief executive officer in 2020, the firm was in crisis. Its founding CEO had suddenly died of a heart attack, and its poor cash flow was threatening to lead to bankruptcy.
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101572862 : with all this positive news still waiting for .34 ?
bullrider_21 OP 101572862 : I think 0.34-0.35.
健谈的克利夫兰 : How long will it be until 0.5.
cowpehcowmoo : Thanks for sharing this nice article. He's a very smart and energetic guy, very young for a ceo his age and no doubt Dyna Mac benefitted greatly under his leadership. He mentioned about having the one customer during the covid crisis, (I stand corrected) I think they were working with SBM at that time, just funny to know the inside story between them. Am sure AC will bring Dyna Mac to greater heights as long as the oil and gas industry continues to have projects coming in. The issue is SG government is very much into renewables now and renewables margin are much less compared to oil and gas. Many oil and gas EPC companies have relocated their regional HQ from SG to KL and I dont think they will be coming back so thats one of the many issues plaguing this industry in SG. Furthermore government is lowering the foreign workers quota starting 2025/26 so shipyards and many others will take a hit from this as it will affect project execution
bullrider_21 OP 健谈的克利夫兰 : Need to wait for some time.
bullrider_21 OP cowpehcowmoo : Thanks for your insights.
Y1X1N : May I know what is your view? can nibble a bit at current price?
bullrider_21 OP Y1X1N : Maybe you can nibble at around 0.34-0.35.
Y1X1N bullrider_21 OP : thank youu
bullrider_21 OP Y1X1N : np. I think with the upgrade by Maybank, you can start nibbling around now.