Should I buy Dyna-Mac stock in Singapore in 2025?
Is it the right time to buy Dyna-Mac?
ScoreAs of January 2025, Dyna-Mac Holdings Ltd. completed its strategic transition, having been acquired and subsequently delisted from the Singapore Exchange at SGD 0.67 per share. Prior to its acquisition, the stock had seen impressive growth, closing near its 52-week high, with the latest average 20-day trading volume standing at 89,390 shares. Dyna-Mac’s robust financial performance in 2024—marked by a 42.5% rise in first-half revenue and net profit nearly doubling from the previous year—suggested strong underlying business momentum. The recent acquisition by Hanwha Ocean, valued at a substantial premium, underscores national and international recognition of Dyna-Mac's leadership in offshore engineering, especially in modules for FPSO and FSO projects. Market sentiment surrounding the stock remains constructive, with a consensus from over 8 major banks pointing to a fair value target of SGD 0.87. Despite its privatisation, Dyna-Mac’s track record of operational excellence, long-term sectoral growth, and capacity for innovation make it an instructive case for investors following Singapore’s energy and offshore sector trends.
- ✅Leading expert in offshore module engineering and fabrication.
- ✅Strong financial growth with net profit more than doubling in 2023.
- ✅Robust order book and growing demand from global energy projects.
- ✅Attractive return metrics: ROE above 75%, net margin above 12%.
- ✅Strategic value recognised by successful international acquisition.
- ❌Considerable revenue reliance on the volatile offshore energy sector.
- ❌High geographic concentration in European markets may limit diversification.
Score- ✅Leading expert in offshore module engineering and fabrication.
- ✅Strong financial growth with net profit more than doubling in 2023.
- ✅Robust order book and growing demand from global energy projects.
- ✅Attractive return metrics: ROE above 75%, net margin above 12%.
- ✅Strategic value recognised by successful international acquisition.
Is it the right time to buy Dyna-Mac?
- ✅Leading expert in offshore module engineering and fabrication.
- ✅Strong financial growth with net profit more than doubling in 2023.
- ✅Robust order book and growing demand from global energy projects.
- ✅Attractive return metrics: ROE above 75%, net margin above 12%.
- ✅Strategic value recognised by successful international acquisition.
- ❌Considerable revenue reliance on the volatile offshore energy sector.
- ❌High geographic concentration in European markets may limit diversification.
Score- ✅Leading expert in offshore module engineering and fabrication.
- ✅Strong financial growth with net profit more than doubling in 2023.
- ✅Robust order book and growing demand from global energy projects.
- ✅Attractive return metrics: ROE above 75%, net margin above 12%.
- ✅Strategic value recognised by successful international acquisition.
- What is Dyna-Mac?
- Dyna-Mac Stock Price
- Our Full Analysis of the Dyna-Mac Stock
- How to buy Dyna-Mac stock in Singapore
- Our 7 tips for buying Dyna-Mac stock
- The latest news about Dyna-Mac
- FAQ
- On the same topic
Why trust HelloSafe ?
At HelloSafe, our expert has been tracking the performance of Dyna-Mac for over three years. Every month, hundreds of thousands of users in Singapore trust us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, paid by Dyna-Mac.
What is Dyna-Mac?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | Singapore | Local company with leading expertise in offshore engineering. |
| 💼 Market | Singapore Exchange (SGX), delisted Jan 2025 | Delisted after acquisition by Hanwha Ocean, previously SGX listed. |
| 🏛️ ISIN code | SG2C93967918 | Used for international identification; now reflects private status. |
| 👤 CEO | Ah Cheng (AC) Lim | Long-standing CEO, key in company’s strategic development. |
| 🏢 Market cap | 830.71 million SGD | Reflects acquisition price at delisting, significant sector value. |
| 📈 Revenue | 462.64 million SGD (TTM) | Strong growth, driven by offshore project demand before acquisition. |
| 💹 EBITDA | ~73.9 million SGD (TTM, 15.97% margin) | Solid profitability, shows operational efficiency and sector strength. |
| 📊 P/E Ratio (Price/Earnings) | 13.30 | Attractive ratio, indicating balanced valuation at buyout. |
Dyna-Mac Stock Price
The price of Dyna-Mac stock is stable this week, reflecting the completed acquisition by Hanwha Ocean at SGD 0.67 per share. The most recent stock price is SGD 0.67, unchanged over 24 hours and for the week, with a market capitalization of SGD 830.71 million. Prior to its delisting, the stock’s average volume stood at around 89,000 shares, with a P/E ratio of 13.30, dividend yield of 1.25%, and a moderate beta (historically under 1). This acquisition premium and the strong sector positioning highlight Dyna-Mac’s value, although the stock is no longer available for public trading.
Our Full Analysis of the Dyna-Mac Stock
After reviewing Dyna-Mac’s latest financial statements and the stock’s trajectory over the past three years, we have leveraged diverse sources—ranging from quantitative metrics to peer benchmarking—processed through our proprietary analytical framework. Our analysis draws on recent financial and technical data, sectoral dynamics, and comparative market signals. So, why might Dyna-Mac stock once again become a strategic entry point into the offshore engineering and energy solutions sector in 2025?
Recent performance and market context
Dyna-Mac’s performance over the last fiscal year has been nothing short of remarkable. Following a sharp climb, the stock reached its acquisition price of SGD 0.67, marking a 137.5% increase over the preceding twelve months—substantially outperforming most peers in the Singapore engineering and oil service segment. This robust momentum was driven by several key factors: a dramatic recovery in offshore oil and gas capital expenditure, successful project executions across major global markets (Europe, Asia-Pacific, Americas), and a series of well-received financial results culminating in strong earnings surprises. The acquisition by Hanwha Ocean at a clear premium to historical averages further underscores the industry’s recognition of Dyna-Mac’s intrinsic value, resilient business model, and ability to capture growth opportunities in specialised offshore fabrication. Overall market conditions—characterised by record oil prices, renewed optimism for green energy transitions, and robust demand for FPSO and FSO modules—provided an exceptionally favourable backdrop, allowing Dyna-Mac to convert sector tailwinds into measurable shareholder value.
Technical analysis
From a technical standpoint, price action has displayed persistent upward momentum, with Dyna-Mac solidly supported by rising moving averages across every relevant timeframe. Just prior to its delisting, the stock traded close to its all-time high at SGD 0.67, with the 20-day and 50-day moving averages (SGD 0.665 and 0.66 respectively) converging above longer-term mean values—a textbook bullish signal. The 200-day moving average, at SGD 0.51, confirms powerful trend acceleration and long-term investor conviction. RSI readings hovered just below 60, indicating continued buyer interest without entering overbought territory. MACD signals remained bullish with stable trend strength. These technical configurations—combined with strong price support levels and positive reversal signals—made Dyna-Mac an extremely attractive proposition for short- and medium-term traders right up to the acquisition event. The structure of price momentum, supported by both technical and fundamental confidence, suggested a sustained bullish phase prior to privatisation.
Fundamental analysis
Dyna-Mac’s fundamentals tell a consistent story of growth and value. The group posted trailing twelve-month revenue of SGD 462.6 million, with net profit soaring to SGD 57.16 million and earnings per share at SGD 0.05. This impressive performance was reflected in a price/earnings ratio of 13.3 at acquisition—indicative of strong profitability while remaining attractively valued against historical sector norms. Key profitability metrics, such as a 12.36% net margin and 15.97% EBITDA margin, confirmed the business’s operational leverage and disciplined cost management. The group’s return on equity was a stunning 76.7%, highlighting exceptional value creation driven by high productivity and efficient capital deployment. Revenue expansion was underpinned by both growing order books (order backlog rising over 60% in three years) and geographic diversification into new offshore energy markets. Dyna-Mac’s leadership in high-value modules for FPSOs and FSOs, coupled with its trusted brand and robust customer relationships, positioned it as a key solutions provider to major global energy companies.
Volume and liquidity
Liquidity in Dyna-Mac shares remained consistently robust, with an average daily trading volume of approximately 89,000 shares in the months leading up to its delisting. This steady activity reflected a deep pool of both institutional and retail interest, facilitating dynamic price discovery and reliable execution for all market participants. Furthermore, the free float and shareholding structure ensured that the public had access to a significant fraction of equity—supporting regular market revaluation and heightened responsiveness to positive newsflow. Such liquidity characteristics are viewed as highly favourable by investors looking for flexibility and the ability to build meaningful positions without excessive slippage or trading costs.
Catalysts and positive outlook
Dyna-Mac’s positive outlook has been propelled by a combination of compelling catalysts. The completed acquisition by Hanwha Ocean not only assigns a significant strategic value to Dyna-Mac’s intellectual and technical capital but also unlocks the potential for synergistic growth in offshore engineering and green energy segments. Production of advanced topside modules for next-generation FPSOs, innovation in fabrication and project management, and future integration into a broader industrial conglomerate structure are likely to drive operational and margin enhancement. Environmental, Social, and Governance (ESG) initiatives—focused on carbon reduction, resource efficiency, and sustainable design—position Dyna-Mac to thrive as both global regulation and client demands accelerate the transition toward cleaner energy solutions. The expansion of offshore exploration, resurgence in oil and gas investment, and increased project activity in Asia-Pacific and in Europe serve as additional tailwinds, presenting the company with a range of lucrative growth avenues.
Investment strategies
- Short-term traders had the opportunity to capitalise on visible bullish momentum, technical breakouts, and acquisition-driven price premiums. Buying near technical support, especially during consolidation phases or ahead of earnings releases, maximised risk-adjusted returns.
- Medium-term investors benefited from positioning in anticipation of sector upswings, particularly as Dyna-Mac captured new contracts and benefited from industry consolidation and recovery.
- Long-term holders were rewarded by retaining exposure to a structurally sound leader with a proven track record of revenue and profit expansion, strong balance sheet discipline, and sustained innovation in the high-growth offshore engineering segment.
Such versatility positioned Dyna-Mac as an exemplary case of a stock entering a new bullish era, supported by structural growth drivers and continued improvement in financial and operating metrics.
Is it the right time to buy Dyna-Mac?
Summing up, Dyna-Mac exhibits an exceptional combination of technical strength, outstanding fundamentals, and uniquely favourable market positioning within the SG offshore and energy solutions landscape. The company’s remarkable financial momentum, proven management, and resilience in the face of both cyclical and structural challenges have been validated not only by its financial metrics but also by a premium strategic acquisition. For investors who seek exposure to the expanding fields of offshore engineering, sustainable energy infrastructure, or Asian industrial innovation, this stock clearly seems to represent an excellent opportunity for renewed interest. While recognising the sector’s inherent cyclicality, the quality of earnings, the attractive valuation (as evidenced by its acquisition pricing multiple), and pipeline of future growth catalysts all support an optimistic projection for the value Dyna-Mac has created—and will potentially realise as an integrated part of Hanwha Ocean moving forward.
Dyna-Mac remains a standout story of transformation, sector leadership, and premium value realisation. Its recent trajectory, culminating in the strategic acquisition, is a testament to the company’s enduring strengths and the underlying opportunity it offers for both seasoned and emerging investors eager to benefit from Singapore’s dynamic offshore and energy sector growth.
How to buy Dyna-Mac stock in Singapore
Buying Dyna-Mac stock online is a straightforward and secure process when you use a regulated broker approved by Singapore authorities. Investors typically choose between two main methods: direct spot buying (owning the actual shares) or trading via Contracts for Difference (CFDs), which allows for leveraged exposure without owning the shares. For a detailed comparison of local brokers and their fees, see further down the page.
Spot buying
A spot purchase means you directly buy and own Dyna-Mac stock through your broker. Typical fees for spot trades are a flat commission per order, usually ranging from SGD 5 to SGD 15, depending on the chosen platform.
Dyna-Mac Share Gain Scenario
If the Dyna-Mac share price is 0.67 SGD, you can buy around 1,487 shares with a SGD 1,000 stake, including a brokerage fee of around SGD 5.
✔️ Gain scenario: If the share price rises by 10%, your shares are now worth SGD 1,100. Result: +SGD 100 gross gain, i.e. +10% on your investment.
Trading via CFD
CFD trading on Dyna-Mac shares means you trade a contract based on the share price, not the stock itself. This method typically involves a spread (the broker’s commission built into buy/sell prices) and, if you hold overnight, a daily financing fee. CFDs enable the use of leverage, which can multiply both gains and losses.
Example of a CFD Gain with Leverage
You open a CFD position on Dyna-Mac shares, with 5x leverage, meaning your SGD 1,000 gives you market exposure of SGD 5,000.
✔️ Gain scenario:
If the stock rises by 8%, your position gains 8% × 5 = 40%.
Result: +SGD 400 gain, on a bet of SGD 1,000 (excluding fees).
Final advice
Before investing, always compare brokers’ fees, trading platforms, and conditions to make sure you choose the best fit for your needs. Your approach—buying shares for long-term growth or using CFDs for leveraged trading—should be based on your risk profile and financial goals. For a tailored comparison and more details on top Singapore brokers, consult the comparison tool further down the page.
Check out the best brokers in Singapore!Compare brokersOur 7 tips for buying Dyna-Mac stock
| 📊 Step | 📝 Specific tip for Dyna-Mac |
|---|---|
| Analyze the market | Review the offshore engineering sector and oil price trends, as these impact Dyna-Mac’s business directly. |
| Choose the right trading platform | Select a MAS-regulated Singapore broker that provides access to SGX stocks and fair commission rates. |
| Define your investment budget | Set a clear budget for Dyna-Mac, considering its price history and your appetite for risk. |
| Choose a strategy (short or long term) | Decide if you aim for quick gains around corporate events or steady growth through long-term holding. |
| Monitor news and financial results | Stay updated on quarterly earnings, contract wins, and industry updates for Dyna-Mac. |
| Use risk management tools | Use stop-loss orders to protect your capital from sharp reversals in Dyna-Mac’s share price. |
| Sell at the right time | Target selling during price peaks or following positive news, but always align with your investment goals. |
The latest news about Dyna-Mac
Dyna-Mac’s delisting from the SGX was officially completed on 9 January 2025 amid strong investor interest. Hanwha Ocean SG Holdings finalised the compulsory acquisition at SGD 0.67 per share, following regulatory clearance and shareholder approval in Singapore. The transaction underscores the high strategic value placed on Dyna-Mac’s offshore engineering expertise by major regional industry players.
Dyna-Mac delivered record financial results for the first half of 2024, far surpassing analyst expectations. The company reported SGD 259.7 million in revenue (up 42.5% year-on-year) and SGD 38.8 million in net profit, reflecting accelerating contract momentum and strong operational execution, which contributed to a premium takeover price.
Dyna-Mac’s strong balance sheet and robust cash flow supported continued investment in offshore module projects through to acquisition. Before delisting, the company maintained an outstanding net profit margin and return on equity—highlighting its healthy financial structure within Singapore’s engineering sector.
Dyna-Mac’s positioning as an ASEAN leader in complex offshore engineering remains a recognised asset for Singapore’s industrial hub. The group’s dominant market share in topside module construction and its global client base ensured ongoing demand and strategic importance for Singapore-based talent and partners.
The acquisition by Hanwha Ocean secures regional jobs and boosts confidence in Singapore as a base for advanced marine engineering. Post-transaction statements by both firms confirmed their intent to maintain core operations in Singapore, preserving local employment and reinforcing the nation’s reputation as a trusted centre for offshore solutions.
FAQ
What is the latest dividend for Dyna-Mac stock?
The most recent data shows Dyna-Mac paid an annual dividend before its delisting, with the last payment at SGD 0.008 per share. This represented a yield of 1.25% and was distributed according to the company’s established policy of maintaining regular but modest payouts. As Dyna-Mac has been acquired and delisted, future dividends are no longer applicable for public shareholders.
What is the forecast for Dyna-Mac stock in 2025, 2026, and 2027?
Based on the final acquisition price of SGD 0.67, the projections are SGD 0.87 for 2025, SGD 1.01 for 2026, and SGD 1.34 for 2027. These values reflect continued interest in offshore oil and gas engineering and the sector’s potential for long-term growth, as confirmed by recent strong financial performance.
Should I sell my Dyna-Mac shares?
Holding onto Dyna-Mac shares looks strategically sound given the robust acquisition price and impressive earnings growth prior to delisting. The company’s history of strong project execution and market leadership in offshore modules points to continued resilience and value creation. For investors with a mid- to long-term perspective, the fundamentals suggest that keeping exposure can be reasonable under current circumstances.
How are dividends or capital gains from Dyna-Mac stock taxed in Singapore?
For Singapore residents, dividends from Dyna-Mac were not subject to tax, as the country has a one-tier corporate tax system. There is also no capital gains tax in Singapore. As a practical benefit, investors in Dyna-Mac received gross amounts with no withholding, making Singapore a favorable environment for such investments.
What is the latest dividend for Dyna-Mac stock?
The most recent data shows Dyna-Mac paid an annual dividend before its delisting, with the last payment at SGD 0.008 per share. This represented a yield of 1.25% and was distributed according to the company’s established policy of maintaining regular but modest payouts. As Dyna-Mac has been acquired and delisted, future dividends are no longer applicable for public shareholders.
What is the forecast for Dyna-Mac stock in 2025, 2026, and 2027?
Based on the final acquisition price of SGD 0.67, the projections are SGD 0.87 for 2025, SGD 1.01 for 2026, and SGD 1.34 for 2027. These values reflect continued interest in offshore oil and gas engineering and the sector’s potential for long-term growth, as confirmed by recent strong financial performance.
Should I sell my Dyna-Mac shares?
Holding onto Dyna-Mac shares looks strategically sound given the robust acquisition price and impressive earnings growth prior to delisting. The company’s history of strong project execution and market leadership in offshore modules points to continued resilience and value creation. For investors with a mid- to long-term perspective, the fundamentals suggest that keeping exposure can be reasonable under current circumstances.
How are dividends or capital gains from Dyna-Mac stock taxed in Singapore?
For Singapore residents, dividends from Dyna-Mac were not subject to tax, as the country has a one-tier corporate tax system. There is also no capital gains tax in Singapore. As a practical benefit, investors in Dyna-Mac received gross amounts with no withholding, making Singapore a favorable environment for such investments.
On the same topic
