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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!!
jiejie ( Date: 13-May-2013 22:38) Posted:
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should invest in some lots. i have invest in quite a lot.
Recently, the dividend is gd too.
jiejie ( Date: 13-May-2013 21:36) Posted:
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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
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
RM1.7bn. Maintain BUY, estimates and TP under review
Exchange: SGX
Stock: Nam Cheong(N4E)
Signal: Bullish MACD Centerline Crossover
Last Done: $0.255
from UOB chart genie
Time: 4:59PM
Exchange: SGX
Stock: Nam Cheong(N4E)
Signal: Bullish MACD Centerline Crossover
Last Done: $0.255
Exchange: SGX
Stock: Nam Cheong(N4E)
Signal: Bullish MACD Centerline Crossover
Last Done: $0.255
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."
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
Cheong’s order book is now RM1.3 bn.
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.
ozone2002 ( Date: 27-Feb-2013 10:29) Posted:
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looking to buy on dip..
congrats to those who spotted this gem..@ low 20c
ozone2002 ( Date: 28-Aug-2012 10:01) Posted:
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Damn freaking good value stock (like its name suggests.. Cheong!) gd luck dyodd
A STRONG QUARTER TO FINISH FY12 (OCBC)
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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).
Maintain