0115 GMT - Oiltek International is poised to benefit in 2025 from positive developments which it announced, including transfer of stock listing to Singapore Exchange's mainboard, UOB Kay Hian analysts say in a research report. The renewable energy solutions provider believes this could enhance its image and would give it wider platform and greater opportunities for fund raising and allow it access to larger and more diverse investor market, the analysts note. It also proposed a bonus issue of two bonus shares for every one existing share, which could improve accessibility of investing in the company, the analysts add. The brokerage raises the stock's target price to S$1.44 from S$1.37 with an unchanged buy rating. Shares last closed at S$1.17. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 30, 2025 21:15 ET (01:15 GMT)
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