Oiltek May Benefit From Proposed Secondary Listing in Malaysia -- Market Talk

Dow Jones
2025/07/24

0146 GMT - Oiltek International stands to benefit from its proposed secondary listing in Malaysia, UOB Kay Hian analysts say in a report. The Singapore-listed company aims to enhance its visibility and accessibility among Malaysian investors, especially given its strong operational footprint in the country, the analysts say. The proposed listing is likely to diversify the renewable energy equipment provider's investor base, increase trading liquidity and provide greater flexibility for capital-raising initiatives. The brokerage raises the stock's target price to S$0.86 from S$0.80 based on revised 29X 2026 price-to-earnings versus 27X previously. It maintains a buy rating. Shares are 1.2% higher at S$0.835. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

July 23, 2025 21:46 ET (01:46 GMT)

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