Oiltek International Poised to Benefit From Growing Order Momentum -- Market Talk

Dow Jones

2024/11/20

0800 GMT - Oiltek International is poised to benefit from growing order momentum in emerging markets, driven by under-investment in palm-oil refining capacity since the pandemic, says Phillip Securities Research's Paul Chew. The Singapore-listed vegetable and edible oil process engineering company continues to build its order books to record highs, the analyst notes. The rebound in palm-oil prices is fueling new planting and demand for refining capacity beyond Oiltek International's core markets of Indonesia and Malaysia, Chew adds. Phillip Securities raises its target price for the stock to S$1.19 from S$0.70, with an unchanged buy rating. Shares are 7.1% higher at S$0.985. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

November 20, 2024 03:00 ET (08:00 GMT)

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The Singapore-listed vegetable and edible oil process engineering company continues to build its order books to record highs, the analyst notes. The rebound in palm-oil prices is fueling new planting and demand for refining capacity beyond Oiltek International's core markets of Indonesia and Malaysia, Chew adds. Phillip Securities raises its target price for the stock to S$1.19 from S$0.70, with an unchanged buy rating. Shares are 7.1% higher at S$0.985. 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The Singapore-listed vegetable and edible oil process engineering company continues to build its order books to record highs, the analyst notes. The rebound in palm-oil prices is fueling new planting and demand for refining capacity beyond Oiltek International's core markets of Indonesia and Malaysia, Chew adds. Phillip Securities raises its target price for the stock to S$1.19 from S$0.70, with an unchanged buy rating. Shares are 7.1% higher at S$0.985. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 20, 2024 03:00 ET (08:00 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6045","symbol_name":"建築與工程","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2484163666","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484163666","pubTimestamp":1732089600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0800 GMT - Oiltek International is poised to benefit from growing order momentum in emerging markets, driven by under-investment in palm-oil refining capacity since the pandemic, says Phillip Securities Research's Paul Chew. The Singapore-listed vegetable and edible oil process engineering company continues to build its order books to record highs, the analyst notes. The rebound in palm-oil prices is fueling new planting and demand for refining capacity beyond Oiltek International's core markets of Indonesia and Malaysia, Chew adds. Phillip Securities raises its target price for the stock to S$1.19 from S$0.70, with an unchanged buy rating. Shares are 7.1% higher at S$0.985. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6045":"建筑与工程","HQU.SI":"Oiltek"},"translate_title":"Oiltek International有望从不断增长的订单势头中受益——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HQU.SI":1},"content_text":"0800 GMT - Oiltek International is poised to benefit from growing order momentum in emerging markets, driven by under-investment in palm-oil refining capacity since the pandemic, says Phillip Securities Research's Paul Chew. The Singapore-listed vegetable and edible oil process engineering company continues to build its order books to record highs, the analyst notes. The rebound in palm-oil prices is fueling new planting and demand for refining capacity beyond Oiltek International's core markets of Indonesia and Malaysia, Chew adds. Phillip Securities raises its target price for the stock to S$1.19 from S$0.70, with an unchanged buy rating. Shares are 7.1% higher at S$0.985. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 20, 2024 03:00 ET (08:00 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}