| Latest Forum Topics / Oiltek Last:1.75 -- |
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Latest ipo, whats your view on this?
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Newbie85
Veteran |
02-Jun-2026 18:46
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Buying into Koh is a much better way to own a piece of oiltek. with oiltek current price. Koh should be least above 220 since Koh owns more than 60% of oiltek. |
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stlimst
Master |
09-May-2026 10:55
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Thanks for the article on Oiltek.
Thanks to the foresight and capability of the CEO, the share price has jumped many, many fold. I have benefitted holding on to the share. My target is $3. Also holding the parent Koh Eco tightly and target the share price to reach 28 cents. Have faith. |
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Joelton
Supreme |
09-May-2026 09:41
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Thirty-bagger Oiltek eyes further &lsquo exponential&rsquo growth Oiltek International&rsquo s CEO Henry Yong is relying on demand for food and energy security to drive its next phase of growth, anchored by recurring income, a resilient business model and renewable energy With the recent pick-up in Singapore&rsquo s equities market, there has been a growing list of multi-baggers that have successfully caught investors&rsquo attention with their growth stories. Few in the Singapore Exchange (SGX)-listed universe have come close to Oiltek International. The firm made a relatively quiet IPO in March 2022, raising just over $5 million by selling shares at 23 cents, including only 500,000 shares to the public. With a quick succession of new contracts and strong earnings growth, Oiltek&rsquo s shares began a steady climb to become a rare 30-bagger, including dividends and a bonus share issue. It hit a peak of $2.46 on April 21, which lifted Oiltek&rsquo s market capitalisation above the $1 billion mark, before easing slightly to close at $2.13 on May 6. Since listing, Oiltek &ldquo graduated&rdquo to the Mainboard of the SGX in June 2025, saying the move will enhance the company&rsquo s credibility, visibility, liquidity and access to capital. An impending secondary listing on Bursa Malaysia will further expand its shareholder base. Established in 1980, Oiltek is an integrated provider of process technology and renewable energy solutions for vegetable oils, including global commodities such as palm oil, soybean oil and rapeseed oil. For FY2025 ended Dec 31, the company reported earnings of RM32 million ($10.3 million), representing a y-o-y rise of 7.9% and continuing its streak of increasing earnings since listing. For comparison, in FY2020, the company reported earnings of RM12.1 million. Oiltek&rsquo s share price, which already gained rapidly in the last two years in line with the higher earnings trend, enjoyed a significant uptick earlier this month. On April 6, it surged above $2 after announcing a heads of agreement with BioSeaga Industries to construct a sustainable aviation fuel (SAF) production facility in Sabah. Before the announcement, the counter&rsquo s shares closed at $1.55 on the previous trading day. BioSeaga Industries is an affiliate of the Brunei-based BioSeaga group, which specialises in the strategic development of food security and renewable and sustainable fuel projects across the region. Under the agreement, Oiltek is the exclusive contractor for the project. The scope of works includes engineering, procurement, construction and commissioning (EPCC) for the plant&rsquo s pre-treatment facilities, SAF production plant, tank farm and logistic bulking infrastructure and partial blending facilities. Oiltek will also provide the necessary preliminary technical expertise and data reasonably required by BioSeaga and its adviser for financial modelling and project planning. At an estimated value of US$350 million ($446 million), the contract, should it be signed off, would quintuple Oiltek&rsquo s order book to above RM1.7 billion. It would also represent Oiltek&rsquo s largest ever contract win. While the eye-watering size of the potential contract drove Oiltek&rsquo s share price higher, another detail in the agreement could signal the company&rsquo s next phase of growth, which, according to CEO Henry Yong in an interview with The Edge Singapore, could be &ldquo exponential&rdquo . Recurring income In addition to the provision of EPCC solutions, the agreement included a clause granting Oiltek the right of first refusal to participate in any equity investment, joint venture or ownership opportunity related to the project or its subsequent phases, meaning Oiltek could take an ownership stake in the project. Yong says co-owning new plants will now be part of his business expansion strategy. &ldquo Instead of selling [EPCC solutions] to our client and making a one-time reasonably small profit, we are thinking of participating in the projects as an equity partner with the client,&rdquo he notes. For context, Oiltek&rsquo s gross profit and patmi margins are 32.5% and 15.1% respectively for FY2025. For Yong, Oiltek&rsquo s participation as an equity owner provides the plant owner with confidence by aligning the interests of both parties, with Oiltek offering synergistic capabilities through operational, maintenance and technological support for the plant. &ldquo For most of the customers, their strength is more on selling the end-product, but they may need support in the plant&rsquo s technology,&rdquo he adds. &ldquo Oiltek, as the solutions provider, can not only oversee routine operations and maintenance, but also step in to fine-tune, redesign or upgrade the facilities when necessary, as it is our forte.&rdquo Yong has high expectations of this strategy to boost the business. &ldquo Through this method, we can generate recurring income,&rdquo he says. &ldquo And this recurring income could be very significant, even outperforming our EPCC business segment.&rdquo Resilient business model The EPCC business is Oiltek&rsquo s bread and butter. With over 45 years of industry experience, Oiltek provides a comprehensive range of process and engineering solutions across the global vegetable oils industry value chain. It has designed, built and commercialised over 650 plants in more than 35 countries across five continents. After joining Oiltek in 2008, Yong realised the company was too reliant on a single line of business, concentrating risk. Diversification was therefore seen as critical not just for survival but also for growth. &ldquo I don&rsquo t like to have a concentration risk, just selling one or two products,&rdquo he says. &ldquo To diversify, we need to have a very strong innovation.&rdquo To Yong, innovation means delivering differentiated solutions that are unique to Oiltek. He says: &ldquo I cannot be selling something commonly available in the market and instead, must sell something better than whatever is in the market.&rdquo A key competitive advantage for Oiltek is its technological edge. The company holds eight technology patents across a range of processes, from palm oil refining and phytonutrient extraction to oil and fats fractionalisation and the processing of palm oil mill effluent (POME). Some of these patents stem from Yong&rsquo s own inventions, which he later patented and assigned to the company. Yong is a 1997 first-class honours chemical engineering graduate from the University of Malaya. Not only have the patents given Oiltek an edge, but they have also enabled the company to expand into the midstream and downstream segments of the food security value chain. &ldquo We have built a comprehensive range for the food security segment, meaning that we can construct, design and build the facility to produce all kinds of products from vegetable oils, which not only includes palm oil, but also soybeans, sunflower and rapeseed,&rdquo he says. &ldquo These products could just be the basic commodity or even niche high-value-added products.&rdquo As an example of its unique capabilities in the food security value chain, Oiltek can formulate calcium salts or rumen-protected &ldquo bypass fats&rdquo which can be used as feed for cows. Consumption of these products increases milk production. &ldquo We are not just involved in building the infrastructure to produce a food product, but we are also utilising our technology to enhance food security by supporting the increase in food production.&rdquo Estimates suggest the global oil and fats market will grow to between US$336 billion and US$646 billion over the next decade. Correspondingly, the vegetable oil market is expected to grow to around US$446 billion in the same time frame. These potential market developments &ldquo create opportunities&rdquo for Oiltek, according to its FY2025 annual report. Renewable energy to fuel &lsquo exponential&rsquo growth Beyond the vegetable oils industry, Oiltek has also been expanding its renewable and sustainable energy business. In FY2025, renewable energy contributed RM61.7 million in revenue, representing a y-o-y increase of almost 250%. By focusing on the biodiesel segment, Oiltek can now offer a variety of solutions for other, more sustainable biofuels. These include bioethanol, which is blended into petrol to reduce carbon emissions, and black biochar pellets, which can serve as a carbon-neutral alternative to coal. More significant for Oiltek is its capability to process POME to produce biogas, which can be used to generate steam for electricity production or be compressed into bio-CNG (compressed biomethane), an emerging, sustainable and reliable baseload energy source for data centres. Yong believes that structural tailwinds are driving the adoption of renewable energy. Firstly, with the ongoing Middle East conflict, many have observed that it is providing impetus for countries and businesses to reexamine their assumptions on the reliability of energy sourcing. &ldquo The situation is no longer about pricing, but availability of energy,&rdquo says Yong. Concern over climate change is a key driver, paving the way for decarbonisation efforts, including the use of cleaner energy. According to Oiltek&rsquo s FY2025 results announcement, Indonesia, the world&rsquo s biggest palm oil producer, continues to mandate a 40% (B40) biodiesel blend. In contrast, Malaysia, the world&rsquo s second-largest palm oil producer, continues to phase in its biodiesel programme, with a 10% biodiesel blending ratio (B10) for the transportation sector and a 7% blending ratio (B7) for industrial use. Presumably, these mandates provide a consistent stream of opportunities for its core business. At the same time, the company is eyeing the burgeoning SAF market. From delivering plants capable of treating and cleansing POME and other vegetable oil-based raw materials in compliance with the International Sustainability and Carbon Certification (ISCC) for use as feedstock in the production and manufacture of hydrogenated vegetable oil (HVO) or renewable diesel, Oiltek has gained experience and capabilities which are transferable to the SAF value chain. According to the International Air Transport Association (IATA), the air transport industry will require around 500 million tonnes of SAF in 2050 to achieve net-zero emissions. However, only around 2 million tonnes of SAF were produced in 2025, necessitating a large-scale increase in SAF production. With Southeast Asian countries &mdash Vietnam, Indonesia, Malaysia, the Philippines and Thailand &mdash possessing the most abundant feedstock to support SAF production, Oiltek, based in the region, is well-positioned, both figuratively and geographically, to capitalise on the demand for SAF and more accessible feedstock. Beyond biofuels and SAF, The Edge Singapore understands that Oiltek is also exploring opportunities in green ammonia production, which would expand the company&rsquo s offerings into the maritime fuel value chain, meaning Oiltek would be involved in producing green fuels for land, air and sea transportation. &ldquo The food segment is our main revenue contributor,&rdquo says Yong. &ldquo But in the future, the energy segment will be the exponential booster.&rdquo Targeting more opportunities The deal with BioSeaga is just one opportunity Oiltek is exploring, with Yong noting that the company is actively pursuing other similar projects, particularly in Malaysia and Indonesia. In particular, he sees potential for additional refining capacity in Malaysian Borneo. Despite supplying more than 60% of Malaysia&rsquo s crude palm oil (CPO), Sabah and Sarawak lack refining capabilities, says Yong. &ldquo Both states have large land banks for CPO but have relatively small internal refining capacity,&rdquo he adds. &ldquo This presents a very good opportunity for Oiltek to help develop downstream processing capacity, supporting GDP growth and job creation.&rdquo In addition to abundant resources, Yong says that Sabah and Sarawak&rsquo s location is a geographical advantage because goods produced in these two states can be easily shipped to Northeast Asian markets, including China, Korea and Japan. Beyond diversifying into new segments and geographies, Oiltek is also broadening its shareholder base through a secondary listing on Bursa Malaysia, following its transfer from Catalist to the Mainboard in Singapore. Yong thinks that the company&rsquo s strong operational footprint in Malaysia provides it with greater visibility, adding that the additional listing aims to enhance shareholder value further and potentially increase liquidity. &ldquo We were one of the first companies in the market to actively enhance liquidity, such as undertaking a bonus issue in 2025,&rdquo says Yong. &ldquo Coupled with a strong outlook, institutional investors will start to show interest in the company.&rdquo He sees Oiltek as a technology company in the growth stage, making efforts to help investors not only better understand its business but also value the company appropriately. &ldquo When I joined Oiltek in 2008, the company&rsquo s net tangible assets were only around RM13 million or $5 million based on the then exchange rate,&rdquo he adds. &ldquo We have managed to transform and diversify the company, earning a valuation of around $33 million when we listed in 2022.&rdquo As mentioned earlier, Oiltek is valued at more than $1 billion when its share price reached $2.46 on April 21. Last year, it won The Edge Singapore&rsquo s Centurion Club Awards 2025 &mdash Highest Returns to Shareholders over Three Years Award for the Industrials sector. With more than 45 years of history, Oiltek is a trusted and reputable global brand, says Yong. By expanding from upstream to downstream across vegetable oils and multiple biofuel value chains over the years, he notes that the company&rsquo s vertically integrated solutions give it an additional competitive advantage. &ldquo Our integration makes us a one-stop provider which can be attractive to clients who prefer to deal with only one vendor instead of multiple suppliers,&rdquo says Yong. Besides having diverse solutions and a varied customer base across more than 30 markets that minimise concentration risk, Yong adds that Oiltek&rsquo s customers comprise large, well-known companies, including those listed in Singapore and Malaysia. He adds that Oiltek has not taken on any debt to fund growth, with the company maintaining a net cash position of around RM100 million. The company has been paying out dividends after its listing as well. &ldquo Perhaps investors should have a better idea of Oiltek&rsquo s value,&rdquo adds Yong. &ldquo Not so many companies have experienced our exponential growth trajectory over the last few years.&rdquo Are there value traps? Since the BioSeaga announcement, investors have not only jumped into Oiltek shares &mdash interest in two other entities has increased as well: Koh Brothers Eco Engineering, which holds the controlling stake of more than two-thirds in Oiltek, and Koh Brothers Group, which is the controlling shareholder of the former. On the surface, Oiltek&rsquo s market cap has far exceeded those of the two entities, suggesting that they are now undervalued. Some analysts such as Paul Chew of PhillipCapital have reservations about whether this is a correct trade. &ldquo Firstly, owning the parent can be a value trap similar to closed-end funds that perpetually trade at a discount to underlying value. Secondly, acquiring the parent company includes inheriting a loss-making and cash flow draining engineering and construction operation,&rdquo says Chew. At least from how the brokerage analysts have reacted by how they&rsquo ve raised their respective target prices for Oiltek, this is the counter where they are focusing on. They include Heidi Mo of UOB Kay Hian, who estimates that a 10% stake in the BioSeaga project could generate around RM14 million to RM28 million of recurring earnings per annum, based on a 10%&ndash 20% return on investment (ROI) of the plant&rsquo s RM1.4 billion construction value. Mo, in her April 7 report, sees this as a &ldquo significant&rdquo sum as it is equivalent to 45%&ndash 90% of Oiltek&rsquo s FY2025 earnings. She adds that Oiltek is an engineering firm that enjoys &ldquo high&rdquo return on equi ty and margins, while providing exposure to the high-growth renewable fuel segment. Mo expects the ongoing Middle East conflict will accelerate adoption and capex for SAF plants which will benefit Oiltek. Valuing the company at 28 times forecasted 2027 P/E, Mo increased her target price to $2.78 from the previous $1.05. Meanwhile, CGS International&rsquo s William Tng projects the company&rsquo s net profit to quadruple to RM167 million in FY2027 should the contract be confirmed. He notes in his April 14 report that potential equity participation in future projects could lessen the firm&rsquo s dependence on order wins and create a recurring revenue stream. Tng expects the company&rsquo s EPS to grow 300% y-o-y and values the company at 27 times the forecast FY2027 P/E, with a target price of $3.38, a significant jump from the previous 94 cents. For PhillipCapital&rsquo s Chew, Oiltek is expected to gradually secure a recurring earnings stream from maintenance and ownership stakes in SAF plants, with demand for SAF growing at a CAGR of 46% through 2030. Raising FY2027 earnings forecast by 322%, Chew pegs Oiltek&rsquo s price to 24 times P/E or $2.72, up from the previous target of $1.18. The valuation is also 50% higher than that of peers listed in Malaysia, with Chew justifying the premium on the company&rsquo s growth, high ROE, and RM100 million cash balance. Similarly, Lim and Tan&rsquo s Nicolas Yon also recognises the potential growth in net profit, writing: &ldquo Oiltek has cemented its position as a credible mid-cap player, marking a successful transition from its small-cap origins.&rdquo Yon is also cognisant of the significance of Oiltek&rsquo s potential diversification from the &ldquo cyclical&rdquo nature of project-based EPCC work. &ldquo It gives Oiltek a clear path to take equity stakes in the SAF plants they build,&rdquo he states in his April 20 report. From a target of 94 cents in July 2025, Yon now values Oiltek at $3.10, or 27 times the forecast FY2027 P/E. He also believes there is still room for growth in the share price, with more potential contract wins, a successful secondary listing in Malaysia, increasing profitability and dividends, and a &ldquo seismic&rdquo shift in earnings profile from FY2027. &ldquo Beyond ownership, Oiltek is also targeting long-term maintenance and service contracts for these specialised facilities,&rdquo adds Yon. &ldquo This shift is critical because it transforms the business model from one that relies on constantly winning new contracts to one that captures a steady stream of high-margin income over the 20- to 30-year lifespan of a plant. We view this positively and expect Oiltek&rsquo s valuation to reflect a fundamental shift in its business model, assuming Oiltek is successful in its endeavours.&rdquo For Yong, these may be the beginning of a new wave of re-ratings sparked by Oiltek&rsquo s &ldquo exponential&rdquo growth. |
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Panda8
Veteran |
09-May-2026 06:20
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https://www.theedgesingapore.com/news/energy/thirty-bagger-oiltek-eyes-further-exponential-growth | ||||
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ysh2006
Supreme |
28-Apr-2026 09:51
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Oil play can also play some RP,Rex or other cheaper stock too !
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muifan
Supreme |
28-Apr-2026 09:37
Yells: "Take the leap of faith dont regret 20 years later!" |
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US cannot accept Iran retaining control of Strait of Hormuz, Rubio says |
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stlimst
Master |
27-Apr-2026 16:19
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It' s OK. I am not a trader. I also not vested in Oiltek. Just have some Koh Eco. Waiting patiently for it to hit the $0.20 target.
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TraderBen
Supreme |
27-Apr-2026 15:18
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sometimes pple will wish it is so easy to trade..
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ahberngh
Elite |
27-Apr-2026 14:35
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Covered gap from 2.14 to 2.16, rsi have fallen below 70%. Pullback in preparation for the next surge, Bollinger band starting to narrow. Just my opinion, please dyodd. |
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s100125
Elite |
27-Apr-2026 13:45
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Gone with the wind, can keep inside freezer for a long long time
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Klein_Yeoman
Senior |
27-Apr-2026 12:59
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Oiltek marks the end of a bull 🐂 run? | ||||
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stlimst
Master |
25-Apr-2026 13:48
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Right, in a free market, the valuation gap will be eventually closed.
Next week will see Oiltek, Koh Eco and Koh Bros rise.
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ahberngh
Elite |
25-Apr-2026 11:49
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Nevertheless, Oiltek' s value to Koh Bros and Koh Eco is real and the share prices of both will rise to reduce the huge discounts. If we take Oiltek' s share price to be 2.35, its value to Koh Eco is 24.3c per share and to Koh Bros is 91.2c per share. |
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ahberngh
Elite |
25-Apr-2026 11:29
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Agree, without Oiltek, Koh Bros and Koh Eco are nothing. This is why they will never distribute Oiltek shares. Just my opinion, I may be wrong, please dyodd.
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Nippon72
Veteran |
25-Apr-2026 10:49
Yells: "Dude, is ALWAYS Time in the market than Timing the market! " |
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This is a typical case of the boss (KBE, KBG) are actually mediocre, they look good becos their employee (HQU) is doing all the heavy lifting. If they remove the star employee, the whole team collapses. Will be reducing (KBE) after this run up, just keep some for an unlikely eventuality. Use the profits to buy some Boustead or Nordic for my retirement instead, at least won' t feel exasperated aka " DL" that mgt is not listening. The only leverage as a peasant investor I have over mgt is to vote with my feet. Looking to divest soon. |
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Joelton
Supreme |
25-Apr-2026 10:27
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Oiltek-inspired interest in Koh Brothers persists Both Koh Brothers Group (SGX:K75) (KBG) and Koh Brothers Eco (SGX:5HV) (KBE) have seen share prices and trading volumes spike in recent weeks, as the valuation gap between them and their subsidiary, Oiltek International (SGX:HQU) (Oiltek), has finally attracted investor attention. Oiltek, which went public via an IPO in March 2022, has since seen a spectacular jump in its share price, logging a nearly 2,600% gain. This counter could very well be one of the best-performing stocks in recent times. Some of the other best-performing counters alongside Oiltek include XMH Holdings (SGX:BQF) (1,583%) and Parkson Retail (SGX:O9E) (1,030%). In a somewhat belated reaction, KBG&rsquo s share price has nearly doubled in the past month to 56 cents, while KBE&rsquo s share price rose 117% over the same period, reaching 17.5 cents on April 22. About a month ago, both KBG&rsquo s and KBE&rsquo s 15-day average daily trading volume stood at just 230,000 shares and 1.3 million shares, respectively. Right now, these figures have increased sharply to 3.7 million shares and 57.5 million shares, respectively. The Edge Singapore first flagged the valuation gap on April 10. Oiltek is 68.1% controlled by KBE, and the stake was valued at $728 million at the time, compared with KBE&rsquo s entire market cap of $512.4 million. Meanwhile, KBE is 54.8% held by KBG &mdash a stake valued at $280.8 million, versus KBG&rsquo s total market cap of just $251.5 million. KBG&rsquo s effective stake in Oiltek is almost $400 million, nearly twice its current market capitalisation. Ahead of this year&rsquo s AGM on April 29, a group of shareholders put forward a resolution to put to a vote the distribution of Oiltek shares in specie via KBE. The same resolution put forward by this group of shareholders last year did not pass, so one can expect that, as Oiltek&rsquo s share price has surged even further, the impetus is stronger. However, KBG, which is headed by executive chairman and group CEO Francis Koh, announced on April 13 that it would not put the resolution to a vote. From those shareholders&rsquo perspective, the value of Oiltek remains stuck. KBG maintains that it took into consideration, among other factors, the current operating environment, which remains uncertain and volatile KBG&rsquo s financing arrangements the potential effects on the financial positions of Oiltek, KBE and itself and its ability to direct Oiltek&rsquo s strategy and future growth. The reluctance, in a sense, is not surprising. Oiltek&rsquo s performance can help mask potentially less-than-stellar core operating numbers for KBE and, to a lesser extent, KBG. In our subsequent Frankly Speaking column published on April 17, we mentioned that with the ongoing efforts by the Monetary Authority of Singapore and the Singapore Exchange on the value unlocking programme for the local equity market, companies, especially undervalued companies, should start to do more to lay out concrete plans to unlock value for shareholders to bridge the valuation gap. Both KBG and KBE&rsquo s shares are catching up, but clearly, this run-up is not quite as rewarding as receiving Oiltek shares. Nonetheless, the market system is, on the whole, better with this ongoing episode. On the one hand, Oiltek is a company that has done much to carve out a fast-growing niche and create value for its shareholders. If we look hard enough, plenty of other hidden gems are around. As for KBG and KBE, if they refuse to move to unlock value for their own shareholders, as in all free-market investing decisions, the signal will be sent in the usual way. |
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Joelton
Supreme |
23-Apr-2026 11:22
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Oiltek to &lsquo actively review&rsquo capital structure after stock-split query It responds after shareholder points out current high cost of agritech firm&rsquo s shares may &lsquo dampen market participation and trading momentum&rsquo [SINGAPORE] Agritech firm Oiltek said on Wednesday (Apr 22) that it would continue to &ldquo actively review&rdquo its capital structure to support market participation, after a shareholder asked if it had plans to effect a stock split. The shareholder pointed out the current high cost of Oiltek&rsquo s shares may &ldquo dampen market participation and trading momentum&rdquo . The counter has soared over 250 per cent in the year to date, likely propelled by rising oil prices due to the Middle East conflict. Oiltek responded that it had completed a bonus issue of two bonus shares for every one existing ordinary share on May 15, 2025. The company said the review of its capital structure would take into consideration share price performance, prevailing market conditions and overall corporate strategy. The company was responding to questions from shareholders and the Securities Investors Association (Singapore), or Sias, ahead of its Apr 28 annual general meeting. Proposed secondary listing in Malaysia Oiltek said that its proposed secondary listing on Bursa Malaysia, announced on Jul 21, 2025, was a growth-oriented move that was not dependent on share price performance or trading momentum on the Singapore Exchange (SGX). This was in response to an Sias question on whether Oiltek&rsquo s management still saw a strong case for a secondary listing on Bursa Malaysia, in light of the company&rsquo s current trading momentum and valuation on SGX. The company also said the proposed listing was not a response to any limitations of its SGX listing. In reply to an Sias question on the rationale for pursuing the Bursa Malaysia listing, Oiltek said the move would widen its investor base. This would potentially increase liquidity of the company&rsquo s shares and enhance its value through separate trading platforms, as well as enable it to tap additional platforms for future fundraising. As its principal operating subsidiary has been based in Malaysia for 45 years, the group said this made Bursa Malaysia a &ldquo natural complementary market&rdquo for its shares. It added that the Malaysian bourse would also serve as a &ldquo relevant investor base&rdquo , as Malaysian investors are &ldquo generally familiar with the vegetable oils and renewable energy sectors&rdquo . &ldquo The proposed secondary listing also provides longer-term flexibility for capital raising, particularly as the company undertakes larger-scale projects and explores commercially viable joint-venture opportunities,&rdquo Oiltek said. On a question posed by Sias regarding the status of the proposed move, Oiltek said the listing was subject to regulatory approvals, satisfactory completion of ongoing preparatory work and its board&rsquo s assessment of &ldquo prevailing market conditions&rdquo , among others. On Monday, Oiltek crossed S$1 billion in market capitalisation, becoming first and only stock originally from the Catalist board to do so and dwarfing its parent Koh Brothers Eco Engineering, which had a S$481.9 million market cap as at Wednesday. This comes as Oiltek&rsquo s share price has more than tripled from its closing price of S$0.68 on the last trading day of 2025. The stock closed Wednesday 0.8 per cent or S$0.02 lower at S$2.44. |
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stlimst
Master |
23-Apr-2026 07:11
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Today's article in BT on Oiltek.
Oiltek management reviewing capital structure and readying the secondary listing in Bursa. Good. Positive action. |
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muifan
Supreme |
22-Apr-2026 13:53
Yells: "Take the leap of faith dont regret 20 years later!" |
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Oh no wonder saw the sudden drop
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TraderBen
Supreme |
22-Apr-2026 13:51
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coz US wanna stop the blockage
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