Nam Cheong   

Nam Cheong

Be patient. Target price should be 0.32 to 0.35.

 

 

I guess insiders already knew the result, that explain the stock rise a few days ago

 

Good result was out last nite but today didn't move.

 

Hi Guys
Do not be so upbeat.  Nam Cheong is a good counter. If you have NC as one of your portfolio, congrats.

Nam Cheong rose to 0.29 in Jan this year only to slide to 0.255 in end Jan/early Feb due to the placement share of 0.255 cents. This is normal as lots of investor went in to accumulate at this low price. The placement share is also not a bad thing as NC needs fresh funds to expand it business. So, based on my vision, NC should see stronger upwards momentum in the near future (1 yr period). Analyst target price is 0.33-0.34 (1 yr horizon)  when it annouces more sales of its  vessel in the next coming months. 

Support - 0.24, Resistance - 0.255. Curent price - 0.250. It has reached its support level at 0.24 yesterday but it withstand the selling pressure (due to market retraction) and it rebounded  to close  at 0.250. This shows that the support level at 0.24 is  strong. The ST  index hit an 5 year high early this week and any short term retracement is  common. If it can break the resistance of  0.255 with strong volume, then upward momentum is likely to continue.

Consensus on NC - Buy with TP 0.33-0.34

 

 

The chart show that last time Nam Cheong use to be a few dollar stock.Do anyone know why the stock plunges down so suddenly?

 

You are not alone... Welcome to the club...

GoodMorningSir      ( Date: 08-Feb-2013 18:09) Posted: wondering when the result will come out.. Anyone invested in this stock? Have been stuck at 0.265....

 

wondering when the result will come out..


Anyone invested in this stock? Have been stuck at 0.265....

 

Swiber was also down n unwanted fr such a long period after placement bt Ezion was the exceptional one.

Nopainnogain      ( Date: 11-Jan-2013 16:37) Posted: how come ppl placement stock up like rocket... this stock is down??

 

Waiting for CNY:)

Nopainnogain      ( Date: 11-Jan-2013 16:37) Posted: how come ppl placement stock up like rocket... this stock is down??

 

how come ppl placement stock up like rocket...

this stock is down??

 

ride up was good enough for me..down today so take profit..

gd luck dyodd

 

didn't manage to sell at 0.285 the past couple of days. now siannn

 

now 28c more than 20% returns.. very powerful stock

gd luck dyodd

ozone2002      ( Date: 11-Oct-2012 13:40) Posted: good companies always will have stock price following suit.. just need to spot them.. gd luck dyodd

 

any recent news on nam cheong?

 

http://www.bernama.com/bernama/v6/newsbusiness.php?id=714958 

 

Hope it can breakout @0.235.

 

Oub KH target price .30...today...

aimtowin      ( Date: 12-Nov-2012 12:21) Posted: :-) enter some more on .235.... zacaroo      ( Date: 12-Nov-2012 10:16) Posted: same vested 10 lots at .24 think won't see green already haha

 

:-) enter some more on .235....

zacaroo      ( Date: 12-Nov-2012 10:16) Posted: same vested 10 lots at .24 think won't see green already haha

 

same vested 10 lots at .24 think won't see green already haha

 

New contract win + not bad results up so little only?

Vested a bit here

zacaroo      ( Date: 09-Nov-2012 23:11) Posted: anyone vested in this?

 

anyone vested in this?