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vickers tp is 0.24, SIAS as below rpt tp is 0.28.....u may take as ref...but im sure i wont enter. all d best
| tea444u Veteran | Posted: 27-Aug-2012 18:17 |
 x 0  x 0 | can still buy tomorrow? can anyone advise/ thanks |
First set of 2H Order Flow
Nam Cheong Limited (Nam Cheong) announced the sale of one 3,000 dwt PSV and two 5,150 bhp AHTS vessels worth a total of US$43.8m last night. The former was sold to a new customer in West Africa while the latter will be delivered to two repeat customers. The AHTS vessels are part of the 2012 shipbuilding programme (to be delivered in 4Q 2012) while the PSV belongs to the 2013 shipbuilding programme (to be delivered in 1Q 2013). We expect about 50% of the sales value (approx RM66m) to be recognized in 3Q FY12.
Following this sale, Nam Cheong will be left with two vessels in the 2012 programme, a 5,000 dwt PSV and a 12,000 bhp AHTS worth about US$65m-US$70m. This sale is in line with our expectation and evidence of healthy demand for Nam Cheong vessels. We continue to expect more contracts from the company over the next four months.
Maintain Increase Exposure with an intrinsic value of S$0.280.
Source: SIAS Research
can still buy tomorrow? can anyone advise/ thanks
Haiz...missed the boat!!!
this counter VERY HOT today!
9 fold!!!
ozone2002 ( Date: 06-Jul-2012 11:01) Posted:
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PE only 5x...value counter..
DBS upgrade to buy..
dyodd gd luck
running again..
gd luck dyodd..
buy on dip..
fundamentals still strong.. price weakness is an opportunity to enter..
gd luck dyodd..
Shares of Singapore-listed Malaysian offshore vessel builder Nam Cheong Ltd surged as much as 13.7 percent to a seven-week high after it said it was awarded a letter of intent for projects worth $130 million.
By 0134 GMT, Nam Cheong shares were 10.7 percent higher at S$0.186. Around 9.8 million shares changed hands, 5.7 times its average daily volume over the last five sessions.
The letter of intent was to build four multi-purpose platform supply vessels, which will bring Nam Cheong's order book to 874 million ringgit ($276.98 million), surpassing last year's order book of 638 million ringgit, said AmFraser Securities.
" Nam Cheong is one of our top picks in the offshore and marine sector, with exposure to Malaysia's booming oil & gas scene," said AmFraser in a note.
The brokerage has a buy rating on Nam Cheong, with a target price of S$0.28.
ozone2002 ( Date: 21-Jun-2012 09:48) Posted:
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analysed this counter myself..
i give it a seal of approval.. very gd balance sheet and returns..
dyodd gd luck
this stock to break 20cents again....looking cheap on PE
Analyst calling for a strong buy on this counter on the strength of huge order book. Target price $0.35.
Any news on this counter guys, seems to me it is gaining volume and price.....
Cheers.
Nam Cheong Limited announced that it has secured new contracts for the sale and charter of a 5,220 bhp Anchor Handling Towing Supply vessel worth RM41.4 million.
http://sgsharemarket.com/home/2011/08/singapore-company-highlights-29082011/?=NamCheong
What so attractive about this counter and can anyone share?????
Shouldn't the price has already been factored in all the RTO event and whatever????????
pnuklis ( Date: 23-May-2011 13:00) Posted:
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Heard tat, this is one of the counter will hit big.....
All quiet in this forum, despite being a regular Top Volume counter ... strange.
Nam Cheong is what Eagle used to be. They have reverse taken over Eagle for listing in Singapore. This is a Shipyard in Malaysia. They also build offshore support vessels like STX OSV. Can be a counter to watch.