Technics O&G: Update on mtg with mgmt yday, TDR listing likely to be after CNY due to underwriter to be wary of mkt conditions during Taiwan’s holidays. In 1Q announcement on 10 Jan, co was in net cash position and 6c dividend declared, mgmt expects to continue dividend payments correlated to net profit as there are no heavy capex or acquisition plans in future...
Growth to come from further FPSO and fixed platform contract wins, focusing on new markets in Australia, Middle East and Russia, as there is an estimated 50% capacity available for utilization. Future plans include expanding services in both Sg and Batam yards pending authority approval. Mgmt reveals that steel and material costs are negotiated with suppliers along with contract wins, locking up relatively fixed margins…
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