Oiltek Set to Benefit From Proposed Construction of SAF Production Facility -- Market Talk

Dow Jones

Apr 07

0254 GMT - Oiltek International stands to benefit from proposed construction of sustainable aviation fuel production facility, Phillip Securities Research's Paul Chew says in commentary. It unveiled a heads of agreement with Bioseaga Industries to construct a 300-metric-ton-a-day facility in Malaysia's Sabah, the head of research says, adding a definitive agreement is expected within six months. The project's contract, valued around US$350 million, would boost Oiltek International's order book by five times and is likely to need 2.5 years to complete, Chew says. The brokerage raises the stock's target price to S$2.72 from S$1.18, with an unchanged buy rating. Shares are 4.8% higher at S$1.96. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 06, 2026 22:54 ET (02:54 GMT)

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It unveiled a heads of agreement with Bioseaga Industries to construct a 300-metric-ton-a-day facility in Malaysia's Sabah, the head of research says, adding a definitive agreement is expected within six months. The project's contract, valued around US$350 million, would boost Oiltek International's order book by five times and is likely to need 2.5 years to complete, Chew says. The brokerage raises the stock's target price to S$2.72 from S$1.18, with an unchanged buy rating. Shares are 4.8% higher at S$1.96. 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It unveiled a heads of agreement with Bioseaga Industries to construct a 300-metric-ton-a-day facility in Malaysia's Sabah, the head of research says, adding a definitive agreement is expected within six months. The project's contract, valued around US$350 million, would boost Oiltek International's order book by five times and is likely to need 2.5 years to complete, Chew says. The brokerage raises the stock's target price to S$2.72 from S$1.18, with an unchanged buy rating. Shares are 4.8% higher at S$1.96. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 06, 2026 22:54 ET (02:54 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\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":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2625861079","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2625861079","pubTimestamp":1775530440,"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":"0254 GMT - Oiltek International stands to benefit from proposed construction of sustainable aviation fuel production facility, Phillip Securities Research's Paul Chew says in commentary. It unveiled a heads of agreement with Bioseaga Industries to construct a 300-metric-ton-a-day facility in Malaysia's Sabah, the head of research says, adding a definitive agreement is expected within six months. The project's contract, valued around US$350 million, would boost Oiltek International's order book by five times and is likely to need 2.5 years to complete, Chew says. The brokerage raises the stock's target price to S$2.72 from S$1.18, with an unchanged buy rating. Shares are 4.8% higher at S$1.96. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HQU.SI":"Oiltek","BK6045":"建筑与工程"},"translate_title":"Oiltek将受益于拟议的SAF生产设施建设——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HQU.SI":1.5},"content_text":"0254 GMT - Oiltek International stands to benefit from proposed construction of sustainable aviation fuel production facility, Phillip Securities Research's Paul Chew says in commentary. It unveiled a heads of agreement with Bioseaga Industries to construct a 300-metric-ton-a-day facility in Malaysia's Sabah, the head of research says, adding a definitive agreement is expected within six months. The project's contract, valued around US$350 million, would boost Oiltek International's order book by five times and is likely to need 2.5 years to complete, Chew says. The brokerage raises the stock's target price to S$2.72 from S$1.18, with an unchanged buy rating. Shares are 4.8% higher at S$1.96. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 06, 2026 22:54 ET (02:54 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}