Stock Track | Oiltek Soars 10.85% Intraday on Potential Record Order Book from Sustainable Aviation Fuel Project

Stock Track

Apr 15

Oiltek International's stock surged 10.85% during intraday trading on Wednesday, following a bullish analyst report that highlighted significant earnings growth potential from a major new project.

The sharp increase comes after CGS International analyst William Tng noted that the renewable-energy solution provider's order book could reach a record 1.75 billion ringgit if its subsidiary's preliminary agreement to build a sustainable aviation fuel production facility in Malaysia is confirmed. The analyst expects the company to complete the project over the next one to two years, which could quadruple its earnings per share in 2027.

In response to this potential, CGS International raised its target price for Oiltek to S$3.38 from S$0.94 while maintaining an "add" rating on the stock.

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The analyst expects the company to complete the project over the next one to two years, which could quadruple its earnings per share in 2027.</p><p>In response to this potential, CGS International raised its target price for Oiltek to S$3.38 from S$0.94 while maintaining an \"add\" rating on the stock.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HQU.SI","symbol_name":"Oiltek","start_time":0,"source_url":"","article_id":"1192806598","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1192806598","pubTimestamp":1776222747,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Oiltek International's stock surged 10.85% during intraday trading on Wednesday, following a bullish analyst report that highlighted significant earnings growth potential from a major new project.The...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HQU.SI":"Oiltek"},"translate_title":"个股追踪|Oiltek盘中大涨10.85%可持续航空燃料项目订单量潜在创纪录","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HQU.SI":1},"content_text":"Oiltek International's stock surged 10.85% during intraday trading on Wednesday, following a bullish analyst report that highlighted significant earnings growth potential from a major new project.The sharp increase comes after CGS International analyst William Tng noted that the renewable-energy solution provider's order book could reach a record 1.75 billion ringgit if its subsidiary's preliminary agreement to build a sustainable aviation fuel production facility in Malaysia is confirmed. 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