Declared Dividend • Apr 30
Final dividend of S$0.007 announced Shareholders will receive a dividend of S$0.007. Ex-date: 7th May 2026 Payment date: 20th May 2026 Dividend yield will be 0.5%, which is lower than the industry average of 4.6%. Payout Ratios Payout ratio: 51%. Cash payout ratio: 114%. Reported Earnings • Apr 13
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: RM0.075 (up from RM0.069 in FY 2024). Revenue: RM211.4m (down 8.2% from FY 2024). Net income: RM32.0m (up 7.9% from FY 2024). Profit margin: 15% (up from 13% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 9.2%. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Construction industry in Singapore. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 198% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 11
Oiltek International Limited, Annual General Meeting, Apr 28, 2026 Oiltek International Limited, Annual General Meeting, Apr 28, 2026, at 14:00 Singapore Standard Time. Location: rose room i & ll, level 1, york hotel singapore, 21 mount elizabeth, singapore 228516, Singapore Price Target Changed • Apr 07
Price target increased by 98% to S$2.15 Up from S$1.08, the current price target is an average from 3 analysts. New target price is 11% above last closing price of S$1.93. Stock is up 497% over the past year. The company is forecast to post earnings per share of RM0.10 for next year compared to RM0.075 last year. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Alternate Director Sammi Tay was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to S$1.18, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 10x in the Construction industry in Singapore. Total returns to shareholders of 1,759% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at S$0.64 per share. Major Estimate Revision • Mar 13
Consensus revenue estimates decrease by 22% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from RM310.4m to RM241.9m. EPS estimate unchanged at RM0.102 per share. Net income forecast to grow 39% next year vs 19% growth forecast for Construction industry in Singapore. Consensus price target of S$1.08 unchanged from last update. Share price rose 19% to S$0.85 over the past week. New Risk • Mar 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 12
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: RM0.075 (up from RM0.069 in FY 2024). Revenue: RM211.4m (down 8.2% from FY 2024). Net income: RM32.0m (up 7.9% from FY 2024). Profit margin: 15% (up from 13% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 9.2%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Construction industry in Singapore. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 107% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Oct 24
Executive Director & CEO recently sold S$2.6m worth of stock On the 17th of October, Khai Weng Yong sold around 3m shares on-market at roughly S$0.89 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Khai Weng's only on-market trade for the last 12 months. New Risk • Oct 14
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 118% Dividend yield: 2.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to S$1.10, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 13x in the Construction industry in Singapore. Total returns to shareholders of 1,633% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at S$0.62 per share. Declared Dividend • Aug 11
First half dividend of S$0.005 announced Shareholders will receive a dividend of S$0.005. Ex-date: 28th August 2025 Payment date: 9th September 2025 Dividend yield will be 2.2%, which is lower than the industry average of 4.6%. Payout Ratios Payout ratio: 46%. Cash payout ratio: 64%. Major Estimate Revision • Aug 06
Consensus EPS estimates increase by 11%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from RM281.9m to RM269.3m. EPS estimate rose from RM0.078 to RM0.087. Net income forecast to grow 24% next year vs 58% growth forecast for Construction industry in Singapore. Consensus price target up from S$0.61 to S$1.08. Share price rose 24% to S$1.10 over the past week. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to S$1.08, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 9x in the Construction industry in Singapore. Total returns to shareholders of 1,593% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at S$0.61 per share. Price Target Changed • Jul 31
Price target increased by 14% to S$0.67 Up from S$0.59, the current price target is an average from 3 analysts. New target price is 24% below last closing price of S$0.89. Stock is up 471% over the past year. The company is forecast to post earnings per share of RM0.079 for next year compared to RM0.069 last year. Price Target Changed • Jul 15
Price target increased by 24% to S$0.59 Up from S$0.48, the current price target is an average from 3 analysts. New target price is 14% below last closing price of S$0.69. Stock is up 360% over the past year. The company is forecast to post earnings per share of RM0.079 for next year compared to RM0.069 last year. Buy Or Sell Opportunity • Jun 18
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 45% to S$0.56. The fair value is estimated to be S$0.46, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 9.8% per annum over the same time period. Buy Or Sell Opportunity • May 29
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 39% to S$0.56. The fair value is estimated to be S$0.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 9.8% per annum over the same time period. Buy Or Sell Opportunity • May 07
Now 66% undervalued after recent price drop Over the last 90 days, the stock has fallen 61% to S$0.46. The fair value is estimated to be S$1.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 9.8% per annum over the same time period. Declared Dividend • Apr 28
Final dividend of S$0.018 announced Shareholders will receive a dividend of S$0.018. Ex-date: 8th May 2025 Payment date: 19th May 2025 Dividend yield will be 2.1%, which is lower than the industry average of 4.6%. Sustainability & Growth Dividend is covered by earnings (43% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 75% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to S$1.19, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Construction industry in Asia. Total returns to shareholders of 528% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at S$1.35 per share. Reported Earnings • Apr 12
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: RM0.21 (up from RM0.13 in FY 2023). Revenue: RM230.3m (up 14% from FY 2023). Net income: RM29.6m (up 55% from FY 2023). Profit margin: 13% (up from 9.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.9%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: S$128.0m (US$95.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$100m (S$128.0m market cap, or US$95.0m). Buy Or Sell Opportunity • Apr 05
Now 21% undervalued Over the last 90 days, the stock has risen 6.8% to S$1.10. The fair value is estimated to be S$1.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 9.8% per annum over the same time period. Announcement • Apr 03
Oiltek International Limited, Annual General Meeting, Apr 25, 2025 Oiltek International Limited, Annual General Meeting, Apr 25, 2025, at 14:00 Singapore Standard Time. Location: rose room i & ii, level 1, york hotel singapore, 21 mount elizabeth, singapore 228516, Singapore Price Target Changed • Feb 14
Price target increased by 11% to S$1.43 Up from S$1.28, the current price target is an average from 3 analysts. New target price is 22% above last closing price of S$1.17. Stock is up 378% over the past year. The company is forecast to post earnings per share of RM0.24 for next year compared to RM0.21 last year. Reported Earnings • Feb 12
Full year 2024 earnings released: EPS: RM0.21 (vs RM0.13 in FY 2023) Full year 2024 results: EPS: RM0.21 (up from RM0.13 in FY 2023). Revenue: RM230.3m (up 14% from FY 2023). Net income: RM29.6m (up 55% from FY 2023). Profit margin: 13% (up from 9.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Construction industry in Asia. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to S$1.21, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 12x in the Construction industry in Asia. Total returns to shareholders of 466% over the past year. Simply Wall St's valuation model estimates the intrinsic value at S$1.55 per share. New Risk • Nov 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (S$121.6m market cap, or US$90.2m). Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 42% After last week's 42% share price gain to S$1.04, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Construction industry in Asia. Total returns to shareholders of 376% over the past year. New Risk • Jul 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (S$66.5m market cap, or US$49.1m). Declared Dividend • Apr 29
Dividend of S$0.016 announced Shareholders will receive a dividend of S$0.016. Ex-date: 6th May 2024 Payment date: 15th May 2024 Dividend yield will be 5.3%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (12% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 29% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 27
Oiltek International Limited Announces Final Tax-Exempt One-Tier Dividend for the Financial Year Ended 31 December 2023, Payable on or About 15 May 2024 Oiltek International Limited announced the payment of a final tax-exempt one-tier dividend of 1.60 Singapore cents per ordinary share for the financial year ended 31 December 2023, the Share Transfer Books and Register of Members of the Company will be closed at 5.00 p.m. on 7 May 2024 for the purpose of determining the shareholders' entitlements to the Final Dividend. The Final Dividend is expected to be paid on or about 15 May 2024. Buy Or Sell Opportunity • Apr 08
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to S$0.26. The fair value is estimated to be S$0.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 9.0%. Announcement • Apr 04
Oiltek International Limited, Annual General Meeting, Apr 26, 2024 Oiltek International Limited, Annual General Meeting, Apr 26, 2024, at 14:00 Singapore Standard Time. Location: Rosemarie Hall, Level 1, York Hotel Singapore, 21 Mount Elizabeth, Singapore 228516 Singapore Singapore Agenda: To receive and adopt the Directors' Statement and the Audited Financial Statements of the Company for the financial year ended 31 December 2023 together with the Auditors' Report thereon; To declare a final tax-exempt one-tier dividend of 1.60 Singapore cents per ordinary share for the financial year ended 31 December 2023; To re-elect Mr. Hew Koon Chan as Director of the Company who will be retiring pursuant to Regulation 117 of the Company's Constitution; To re-elect Mr. Yong Khai Weng as Director of the Company who will be retiring pursuant to Regulation 117 of the Company's Constitution; To approve the payment of Directors' fees of S$212,000 for the financial year ending 31 December 2024 (financial year ended 31 December 2023: S$200,000), payable quarterly in arrears; To re-appoint M/s PricewaterhouseCoopers LLP as the Auditors of the Company, and to authorise the Directors of the Company to fix their remuneration; and to consider other matters if any. Buy Or Sell Opportunity • Mar 11
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to S$0.26. The fair value is estimated to be S$0.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 9.0%. Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: RM0.13 (vs RM0.091 in FY 2022) Full year 2023 results: EPS: RM0.13 (up from RM0.091 in FY 2022). Revenue: RM201.1m (up 23% from FY 2022). Net income: RM19.1m (up 51% from FY 2022). Profit margin: 9.5% (up from 7.7% in FY 2022). The increase in margin was driven by higher revenue. Board Change • Sep 06
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Francis Koh is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Aug 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (S$31.5m market cap, or US$23.3m). Reported Earnings • Aug 02
First half 2023 earnings released: EPS: RM0.048 (vs RM0.035 in 1H 2022) First half 2023 results: EPS: RM0.048 (up from RM0.035 in 1H 2022). Revenue: RM76.7m (down 5.7% from 1H 2022). Net income: RM6.85m (up 45% from 1H 2022). Profit margin: 8.9% (up from 5.8% in 1H 2022). The increase in margin was driven by lower expenses. Reported Earnings • Apr 07
Full year 2022 earnings released: EPS: RM0.091 (vs RM0.081 in FY 2021) Full year 2022 results: EPS: RM0.091 (up from RM0.081 in FY 2021). Revenue: RM163.7m (up 63% from FY 2021). Net income: RM12.7m (up 31% from FY 2021). Profit margin: 7.7% (down from 9.6% in FY 2021). The decrease in margin was driven by higher expenses. Announcement • Jan 18
Oiltek International Limited Recommends Final Dividend for the Full Year 2022 The board of Oiltek International Limited recommending a Final Dividend of 1.2 Singapore cents per share for Full year 2022, which is subject to the approval of shareholders at the forthcoming annual general meeting of the Company. Reported Earnings • Jan 18
Full year 2022 earnings released: EPS: RM0.091 (vs RM0.081 in FY 2021) Full year 2022 results: EPS: RM0.091 (up from RM0.081 in FY 2021). Revenue: RM163.7m (up 63% from FY 2021). Net income: RM12.7m (up 31% from FY 2021). Profit margin: 7.7% (down from 9.6% in FY 2021). The decrease in margin was driven by higher expenses. Board Change • Nov 23
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Francis Koh is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Oct 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Francis Koh is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Oct 07
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Francis Koh is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Aug 15
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Francis Koh is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 05
First half 2022 earnings released: EPS: RM0.035 (vs RM0.036 in 1H 2021) First half 2022 results: EPS: RM0.035. Revenue: RM81.3m (up 72% from 1H 2021). Net income: RM4.74m (up 8.9% from 1H 2021). Profit margin: 5.8% (down from 9.2% in 1H 2021). The decrease in margin was driven by higher expenses. Announcement • May 21
Oiltek International Limited, Annual General Meeting, May 27, 2022 Oiltek International Limited, Annual General Meeting, May 27, 2022, at 10:00 Singapore Standard Time. Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Francis Koh is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Mar 04
Oiltek International Limited Proposes to Distribute Dividends for Fiscal Year 2022 and 2023 Oiltek International Limited Intends to recommend and distribute dividends of not less than 40.0% of its net profit attributable to owners of the Company for fiscal year 2022 and fiscal year 2023. Board Change • Mar 03
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Francis Koh is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 
