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Nam Cheong
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teny123
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16-May-2013 21:34
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hi nqing87 , anything happen on 19 may? |
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jiejie
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14-May-2013 20:46
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Went up quite a bit today, hope it will go up even further. advise to jump onboard the ship before its too late!! |
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ozone2002
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14-May-2013 08:58
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Nam Cheong Limited announced that it has sold five vessels worth a total of US$110.0 million. One 12,000 brake horsepower (bhp) Anchor Handling Towing Supply (AHTS) vessel was sold to a new customer based in Indonesia. Meanwhile, four Platform Supply Vessels (PSVs) were sold to an existing customer, a leading oilfield services company based in Asia. “We are also glad to be securing a new customer in Indonesia and expanding our customer base. The country is expected to lead the region on offshore oil and gas expenditure, so we are optimistic about exciting prospects developing on the Indonesian front. As a testament to our long-standing relationship with our existing customer based in Asia, we are also pleased to be supplying them with the four PSVs,” said Leong Seng Keat, Nam Cheong’s Executive Director. Since the start of the year, the group has sold a total of 13 vessels. Nam Cheong’s orderbook reaches RM1.7 billion with this latest win. (Closing price: S$0.255, -%) [Philips Capital] | ||||
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nqing87
Veteran |
13-May-2013 22:45
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im shunning away from stocks now until i get clearer picture of may 19.. if smth goes wrong with those politicians, then maybe able to pick durian lol.. few days wait.. anyway namcheong is for holding imo.. climb like snail one unless BB push
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jiejie
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13-May-2013 22:38
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should invest in some lots. i have invest in quite a lot. Recently, the dividend is gd too. |
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nqing87
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13-May-2013 21:48
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logically it should go up, but still need to see the face of u all lol.. see if it interests ppl to push price up.. not vested, yet..
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jiejie
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13-May-2013 21:36
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Any links to view the DBS report on nam cheong? anw, how many lots are you all holding to nam cheong? it will definitely go up |
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pnuklis
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13-May-2013 10:42
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Namcheong is canchong and dose not move up? | ||||
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ozone2002
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13-May-2013 10:27
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DBS Nam Cheong’s 1Q13 earnings were largely in line at RM35.8m, up 8% y-o-y. Revenue was up 14% to RM235m on the back of delivery of 5 vessels during the quarter. Shipbuilding gross margin was slightly below expectations at 17% in 1Q13, but within guided range. The Group also announced significant contract wins worth a total of US$110m – for 1 AHTS vessel sold to a new Indonesian customer + 4 PSVs sold to an existing customer. The Group remains well on track to sell and deliver on its newbuild programme of 19 vessels in FY13 and 25 vessels in FY14, underpinning earnings growth trajectory of > 20% CAGR over FY12-14. Including buildto- order vessels, orderbook is now at record levels of
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ozone2002
Supreme |
08-May-2013 14:52
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Time: 2:30PM Exchange: SGX Stock: Nam Cheong(N4E) Signal: Bullish MACD Centerline Crossover Last Done: $0.255 |
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pcscorpio
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07-May-2013 17:26
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i vested in this since 3 months ago even when price was high. im losing now but i dun care. cause its a brilliant stock for the future | ||||
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ozone2002
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07-May-2013 17:03
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from UOB chart genie Time: 4:59PM Exchange: SGX Stock: Nam Cheong(N4E) Signal: Bullish MACD Centerline Crossover Last Done: $0.255 |
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ozone2002
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02-May-2013 09:04
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Time: 8:58AM Exchange: SGX Stock: Nam Cheong(N4E) Signal: Bullish MACD Centerline Crossover Last Done: $0.255 |
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KayserLee
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04-Apr-2013 10:05
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Time to stock up for this. Showing its potential growth soon. Lots of positive assets from the company. In addition, momentum is building up... Below extract is just for your information (from Singapore Business Review) : Mr Leong Seng Keat, Nam Cheong’s Executive Director said: “In just the first three months of this year, we have seen robust sales indicative of strong industry momentum in the region and globally." “Orders from existing customers are a demonstration of their satisfaction in our products and services, and their confidence in us to deliver again. We look forward to continuing our working relationships with them as partners, riding on this industry boom.” " We had a fruitful year in 2012, and expect the domestic momentum to continue for 2013, driven by the expanded capital expenditure from 2011 to 2015 of Petrolium Nasional Berhad (Petronas), Malaysia’s national oil company. Our close ties with Petronas-licensed companies continue to serve us well, as we are able to leverage on our track record and our unique build-to-stock model." |
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Hoosay
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01-Apr-2013 21:31
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Time to run for me.. Malaysia has to announce election soon.. last false information on announcement saw MY stock dip drastically. If gott guts can pick it up again during then. Cheers | ||||
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ozone2002
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01-Mar-2013 11:06
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Nam Cheong..tiam tiam Cheong.. gd luck dyodd Nam Cheong has entered into US$130m worth of contracts with Bumi Armada. The orders are for four MPSVs including option to build four additional units. The contracts represent one of the largest collective wins in Nam Cheong’s corporate history, and are expected to contribute positively to FY2013 – FY2015 earnings. Nam
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francisd
Veteran |
28-Feb-2013 22:49
Yells: "BUY LOW SELL HIGH" |
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SIAS Research raises Nam Cheong's intrinsic value to 34 cents Analyst: Ng Kian Teck Nam Cheong Limited (Nam Cheong) posted full year revenue and PAT of RM$877m and RM136.6m, largely in line with our RM$825m and RM140m forecasts. Nam Cheong’s FY14 shipbuilding programme is an astonishing 25 vessels with value amounting to US$520m. The company has sold 13 out of their 19 FY13 shipbuilding programme and we project the remaining 6 and about 12 of the FY14 programme vessels to be sold this year. The strong shipbuilding order book, optimistic industry outlook prompted us to raised our FY14F and FY15F revenue to RM1.13b and RM1.15b, respectively. Maintain Increase Exposure with a higher intrinsic value of S$0.340. |
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sunway
Member |
28-Feb-2013 17:21
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Page 1 of 4 ® NEWS RELEASE NAM CHEONG ENTERS INTO US$130 MILLION1 WORTH OF CONTRACTS WITH BUMI ARMADA - Contracts represent one of the largest collective wins in Nam Cheong’s corporate history - Orders for four MPSVs include option to build four additional units - Sales to contribute positively to FY2013 – FY2015 earnings - Confirms order book of RM1.3 billion2
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ozone2002
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27-Feb-2013 10:29
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looking to buy on dip.. congrats to those who spotted this gem..@ low 20c
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ozone2002
Supreme |
27-Feb-2013 10:26
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Damn freaking good value stock (like its name suggests.. Cheong!) gd luck dyodd A STRONG QUARTER TO FINISH FY12 (OCBC) · 4Q12 net profit up 87% YoY· Order-book of MYR 1.3b· Expansion of shipbuilding programme 4Q12 net profit almost doubled Nam Cheong Limited reported a strong set of 4Q12 results with revenue and net profit increasing by 172% YoY and 87% YoY to MYR 379m and MYR 49m respectively. On a full-year basis, revenue climbed 45% to MYR 877m, while net profit increased 47% to MYR 137m. Operating margin declined slightly to 16.4% compared to 17.3% a year ago, partly due to lower margins from its vessel chartering division. Several vessels were demobilized upon the charter fulfillment and later re-deployed for ensuing contracts. The shipbuilding business achieved significant growth with revenue improving to MYR 839m (+49%) and gross profit increasing to MYR 164m (+56%). The group recommended a final dividend of 0.5 S cts for FY12 (FY11: 0.2 S cts), representing a payout of 19.2%. To deliver 25 vessels in FY14 Looking ahead, Nam Cheong expects to deliver 19 vessels in 2013 and 25 vessels in 2014, up from 13 in 2012. Of the 19 vessels in its 2013 shipbuilding programme, it has already secured firm orders for 13. Currently, the group has a gross order-book of MYR 1.3b, including a Letter of Intent (LOI) from Bumi Armada for USD130m for four units of Multi-Purpose Supply Vessels. Outlook for the Malaysian offshore industry remains robust, underpinned by Petronas’ planned capex of MYR 300b across 2011-15. Management continues to see demand for small size AHTS vessels and PSVs, with the older vessels to be replaced by newer ones with higher technical specifications. New funds put to work The group disclosed that it has already deployed half of its S$160m new capital – raised from its recent MTN issuance and placement of ordinary shares – into its 2013 shipbuilding programme. We expect the remainder to be progressively utilized over the medium term. Net gearing improved to 0.40x as at end-2012 (end-2011: 0.63x).
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