BengKuang   

TIME TO BUY -ACCUMULATE NOW

But result abit disappointing.  :([/quote]..sesdaq co mah...consider excellent already..more than 100% jump..wad i know..all the while BK is profitable...in june b4 the stocksplit proposal..came down from high $1.20..even after split say 90cts exall will be 30cts but I think will trade above 40cts..today's block of 126sellers at 90cts after this level very few sellers already..suspect he must be buying for contra because rept gd results

 

sell to me someone

 

quote="Reenat"]Company directors just gave a NEGATIVE ASSURANCE annoucement on the SGX website.  Maybe questions due to Labroy's forex loses.  Not sure if BKM is also involved or not?[/quote]..it means the directors assure that the interim results are to their knowledge genuine pending no negative circumstances or unforseen events...BenngKuang contracts are all in S$ unlike ship repair/oil rig such as its parent labroy..will close 90cts and above today..if U want a safe but steady stock  ..BK is the one...

 

early am saw someone want to buy cheaply q at 79cts slowly increase to 82..86...89..now ..don't sell to them cheaply..such gd profits esp with stocksplit proposal...tightly held

 

i will queue at 80c today

 

http://sg.f373.mail.yahoo.com/ym/ShowLetter?box=Inbox&MsgId=3781_4358536_263462_1759_163021_0_13664_573541_4226294114&bodyPart=2&tnef=&YY=50849&y5beta=yes&y5beta=yes&order=down&sort=date&pos=0&view=a&head=b&VScan=1&Idx=7

 

BK 3Q Profit Announced!

Beng Kuang Marine?s 9M2007 PAT
Soars 151% to S$6.8 million

 Profit attributable to shareholders jumped 64% to S$4.4
million on the back of 35% increase in revenue to
S$71.1 million
 Infrastructure Engineering division saw a revenue surge
of 102.2% to S$24.4 million
Singapore, 31 October 2007 ? Beng Kuang Marine Limited (?BKM?) and its
subsidiaries (the ?Group?) (?明光海事?) has achieved record earnings of S$6.8
million on the back of S$71.1 million revenue for the first nine months of FY2007
(?9M2007?).
Overall highlights


http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_0F9C9343B6A4F0DB482573850032289A/$file/3Q2007_Press_Release.pdf?openelement

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_0F9C9343B6A4F0DB482573850032289A/$file/3Q2007_Result_Announcement.pdf?openelement

 

Bengkuang's results out after mkt close....

 

 

http://info.sgx.com/webcorannc.nsf/37e9d50ee377b2304825735f00233861/7aac87c280ae49d84825738500323a01?OpenDocument

 

Why U sell? Osaka_teddy..no holding power?..since my first posting price creep from a low 81cts to 89.5cts and has crossed 90cts with high vol yesterday 29 Oct...looks like well supported above 90cts liao..

 

Posted: Tue Oct 30, 2007 12:31 pm    Post subject:
Halo3 wrote: happyday wrote: Any chance of offer being revised upwards from $2.8425 given there is no competitive bids It depends if Dubai can get most of the shares at 2.84 or not. If the rest of the 35% refuse to sell to them, they can up the price. Or they can just take 65% and leave it as it is. Or just give up the idea. Extract from another thread in CNA forum... Posted: Tue Oct 30, 2007 12:09 pm Post subject: -------------------------------------------------------------------------------- If you the boss what will you do? Labroy accumulated unrealised FX losses, Rig building become very challenging even the person you had employed to help left you. Bengkuang has wide range of customer cause they are specialise in their field. Bengkuang is alway the laggard of marine cause, others win contract after few months then start building then Bengkuang got their job. So potiential not fully uncovered yet. You are the boss what will you do? Sell or hold labroy? Sell or hold Bengkuang? I will sell labroy and hold bengkuang.

 

Super regret, i sold of my bengkuang during Oct 19, make a loss. it has risen to 90c++ already. kanasai!!!

 

see also thinly traded..4 Buy 5 sell...once pushed..will soar buy where there is fear as this stock recovers superfast during recent correction..now cross 90cts shd be safe...drop to 81cts and recover to 87cts the next day during Oct 19 sell down..BengKuang is a better substitute now than Labroy as it always been profitable

 

quote="wang*2"]thanks happyday i also buy into this stock after reading ur posting on 08/10/07 althought collect at 0.9 but i continue to hold till now...finally seeing something liao.  :P[/quote]..


limited free float ab 32mil shares..sure to move up soon cross 92cts with high vol...yesterday 29 oct...soon ppl will find Labroy's baby is much cheaper with eith its 3 for 1 stocksplit an added attraction

 

Posted: Mon Oct 29, 2007 11:06 pm    Post subject:
Sinostar wrote: Brother Teoh wrote: now i wonder what will happened to beng khuang marine, an associated co of LM (38% interest). and how about proposed share split of 3 for 1 to be approved in the next EGM? Happyday can help answer this question? ..associate co Bengkuang is considered separate entity will remain listed..expect bengkuang price to move..infact today's has moved to 94.5cts already...the 3 for 1 stocksplit will unlikley to be affected and expect tomorrow Labroy share price to move towards or exceed $2.8425...beneficial for both Labroy and Bengkuang..the latter free float is even less if take into consideration Chua Beng kuang (9.3 % ),Chua Meng Hua ( 9.1% ),Chiua Beng Yong( 9.1% ) and Chua Beng Hock ( 9.1 % )..BengKuang's free float is about 32mil only...strong buy

 

Posted: Mon Oct 29, 2007 10:16 pm    Post subject:
happyday wrote: rumour that it parent Labroy may be taken over ..if what's gd for Labroy..BengKuang may also benefit...recent sell down ..this stock has proven resilient..touched a low of 81cts and has since bounced bk to 88.5cts ..rumours comfirmed..parent Labroy marine to be taken over by Dubai at $2.8425...no wonder ..Bengkunag moves too as BK is a cheaper substitute and with its 3 for 1 stocksplit to be called at EGM soon expect BenGKuanf to soar tomorrow having broken out at 92cts with heavy vol..... SINGAPORE, Oct 29, 2007 (Thomson Financial ) -- Dubai Drydocks World LLC (Dubai World) said Monday it has made a cash offer to buy Labroy Marine, a Singapore shipyard that also charters offshore support vessels to the oil and gas industry, for 2.8425 Singapore dollars a share. The acquisition of all the outstanding shares of Labroy Marine will cost Dubai Drydocks about 2.4 billion Singapore dollars. The Middle East company said it has already secured funding from regional banks for the acquisition. Labroy Marine founder and executive chairman Tan Boy Tee and executive director Chan Kwan Bian, who jointly own 65.49 percent of the company, have given their irrevocable undertakings to accept the offer. Dubai Drydocks, a company owned by the United Arab Emirates, operates shipyards in the Middle East, Europe and Asia. "The offeror is keen to expand its shipyard operations in Southeast Asia and believes that the acquisition of Labroy Marine would strategically complement the existing network of shipyard facilities of its group," Dubai Drydocks said. Merrill Lynch analyst Choo Tse Wei believes the offer is reasonable and recommends investors take it up. The analyst has a "neutral" rating on Labroy with a target price of 2.60 Singapore dollars a share. Labroy Marine, which has two full-service shipyards in Batam, Indonesia and a large and diversified fleet of vessels, will be the second shipyard Dubai Drydocks acquires in Singapore after buying Pan-United Marine earlier this year. But Tse said the offer does not signify the start of a consolidation in the industry and Dubai Drydocks' operation in Singapore will still be relatively small. "Even with both companies (Labroy Marine and Pan-United Marine), the operations is still quite small (in Singapore) and cannot be compared to the scale of Keppel Corp and SembCorp Marine," Tse said. "It is basically Dubai World trying to diversify its business outside of the Middle East." Back to top

 

 

Up up all the way BKM...have been waiting for the stock split patiencely and hope it will happen soon   Vested at 0.885...Cheers

 

Breakout on charts cross 92cts with high vol..unlikley U're going to loe $$$..likley pple got wind that co is going to cal for EGM within the next few weeks..just like what U see today breakout on ChinaHongxin sports breakout on fri 26 Oct at $1.34 is now trading at $1.43...buy now..Lis Wang hope U load > Bengkuang now

 

need to wait..bro..will U feel frustrated if it remain at 32-33cts for some time...but unlikley to drop below 30cts...


Better to buy Bengkuang ..going for stock split soon..once EGM announced..2 weeks after meeting book close..cum all...likley U g'tee make $$$.eg say 90cts ..1 lot U'll hve 2 more..total 3....90/3=30cts after xall normally .30cts or U can sell cum sure push up to say $1.10.


previous experience innovalue ( 1 for 1 bonus)..bought at $1.18...before ex push to $1.54..last day was $1.45...xall she be $0.73( $1.54 divided by 2 ) but ex it traded at 81cts..


another example..bought  Thomson Medical  10 for 1 bonus bought at 50cts 100lots.....before ex it was pushed to 64cts after ex58cts now so long already still at 66cts..so unlikley to lose $$$


I bought also on similar basis for Juitian,Singapurafinance,etc

 

regards

Happyday-Oculus need to wait patiently expected relisting next year as Areate ..change of name..China Transcom b4 RTO was 61.5cts and pte placement was 58cts and relisted as China auto Electronics now traded at 72cts safe but hve to wait for few months

 

Beng Kuang going up

 

About 2 weeks ago, i started looking at Marine industry. Partly because I had a conversation with someone with some 15 years in this industry. Of cos, the info given is well known, that many nordic Oil Rigs were due to be refurbished or totally srapped and rebuilt. These major projects boost global marine industry as a whole.

BengKuang, ASL Marine and SembMarine were among the marine stocks i started monitoring.

Let me share the latest fundamentals here and i will be grateful for your opinion on which among the 3 makes most cents(and dollars) on a 3-6 months window.

Thanks...

KennyNah (and yes, feel free to poke at this nick:)

BengKuang

Price0.900	Change0.020	% Change2.273	BidN.A.	AskN.A.	Open0.890
VolumeN.A.	High0.900	Low0.885	52-Wk High1.050(06/22/07)	52-Wk Low0.160(10/16/06)	1-Yr Return394.849

ASL Marine

Price1.860	Change-0.040	% Change-2.105	BidN.A.	AskN.A.	Open1.920
VolumeN.A.	High1.930	Low1.850	52-Wk High1.950(06/22/07)	52-Wk Low0.860(01/25/07)	1-Yr Return88.131

SembMarine

Price5.450	Change0.100	% Change1.869	BidN.A.	AskN.A.	Open5.350
VolumeN.A.	High5.450	Low5.250	52-Wk High5.450(10/03/07)	52-Wk Low2.286(11/06/06)	1-Yr Return131.049