Promising Growth for DUG Technology Ltd: Buy Rating Backed by Major Petronas Contract and Strong Market Position
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DUG Technology Ltd has received a Buy rating from Caleb Weng, bolstered by a significant contract with Petronas expected to enhance earnings from FY26. The contract, with an EBIT margin of 40-45%, indicates strong demand and potential for renewals, while an upfront payment will support capital expenditures. This win validates DUG's technology leadership. Wilsons also maintains a Buy rating with a price target of A$2.86, highlighting an attractive entry point for investors.
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