tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Oiltek International Secures RM74.3 Million in New Contracts

Story Highlights
  • Oiltek secured RM74.3 million in contracts from Malaysia, Indonesia, and Pakistan.
  • The contracts boost Oiltek’s order book to RM398.2 million, enhancing its global market position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Oiltek International Secures RM74.3 Million in New Contracts

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

An update from Oiltek International Limited ( (SG:HQU) ) is now available.

Oiltek International Limited has secured new contracts worth approximately RM74.3 million from Malaysia, Indonesia, and Pakistan, bringing the total contracts secured in FY2025 to RM136.2 million. These contracts enhance the company’s order book to RM398.2 million, expected to be fulfilled within 18-24 months, reinforcing its position as a trusted global partner in the industry despite a volatile macroeconomic environment.

The most recent analyst rating on (SG:HQU) stock is a Buy with a S$0.70 price target. To see the full list of analyst forecasts on Oiltek International Limited stock, see the SG:HQU Stock Forecast page.

More about Oiltek International Limited

Oiltek International Limited is a Singapore-based company listed on the SGX Mainboard. It is an established provider of integrated process technology and renewable energy solutions, primarily serving the vegetable oil industry across global markets.

Average Trading Volume: 1,449,189

Technical Sentiment Signal: Hold

Current Market Cap: S$450.4M

Learn more about HQU stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1