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Nam Cheong
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RoundRound
Elite |
23-Apr-2014 10:07
Yells: "Tikam Tikam can also" |
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Can someone here confirm is Nam Cheong paying a total of 1 Singapore cent as final + special dividend?
I still remember my first dividend from this company years ago only 0.2 cent but the waiting is fruitful as price trend up pretty well & dividend going up in tandem |
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pnuklis
Master |
16-Apr-2014 21:08
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slow and stady. Dose not buccle down when market is down |
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pnuklis
Master |
09-Apr-2014 20:57
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this has been my best buy after Osim. rock solid |
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ozone2002
Supreme |
08-Apr-2014 10:19
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congrats ..good job!
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sun233
Elite |
08-Apr-2014 10:10
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Should pop as soon as they annonce div every 99 days. Considering starhub which pays $50 bucks every quarter, this stock is cheap. |
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pineapple123
Member |
07-Apr-2014 17:46
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stock is holding well. hope to see 40c soon. |
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RoundRound
Elite |
07-Apr-2014 16:42
Yells: "Tikam Tikam can also" |
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ozone2002, I monitored Nam Cheong since day 1 when it did a RTO of Eagle's Brand at around 21 cts. It went up to 24 cts before sliding down all the way to 13 cts.
I accumulated over 300 lots but recently diverse a part to realise profit. I will re-enter when time is right. (Right timing all depend on market sentiment & news from this company)
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ozone2002
Supreme |
07-Apr-2014 16:35
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advocated Nam Cheong since 2012, this gem has grown from below 20c to now 34c not bad gains continue to search for multi-baggers! Gd luck dyodd
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RoundRound
Elite |
07-Apr-2014 16:24
Yells: "Tikam Tikam can also" |
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Such a solid like Nam Cheong also down by over 4%. Market like having a mini-panic sell mood today | ||||
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pnuklis
Master |
06-Apr-2014 19:54
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I also agree that this is one of the best stock I have vested after Osim. Gives me great confidence to hang on and accumulate. When STX is down it holds position and when STX is up it runs with it. My suggestion is accumulate |
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RoundRound
Elite |
06-Apr-2014 11:35
Yells: "Tikam Tikam can also" |
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Yes, a solid counter to keep for the longer term. I bought in many years ago when it was after a reverse takeover (if I am not wrong, was Eagle Brand) at around 21 cts then and it eventually sank to 13 cts, NOTE, 13 cts. And I have since accumulated more shares and diverse some in recent days but still have a few hundred lots for the longer term. Lots of potential for Nam Cheong in the next few years, at least. Overall whole market minor correction is good time for accumulation of this counter.
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junction
Master |
06-Apr-2014 09:52
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Yes, this looks like a promising counter
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pineapple123
Member |
06-Apr-2014 02:22
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one of my best investments to date other than osim.. bought in at .255 last year and have never looked back since! am going to keep it for a long time. this small cap has such powerful growth potential. |
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pnuklis
Master |
05-Apr-2014 10:38
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There is never fire works in this counter. It moves slow and steady. never drops down too much even when STI gets down. Feel more confident of NC |
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daffytlh
Veteran |
04-Apr-2014 09:43
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0.35 today.no more fireworks?! Cheh so fast end liao? | ||||
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RoundRound
Elite |
02-Apr-2014 09:10
Yells: "Tikam Tikam can also" |
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This counter really CHEONG.... record price 36 cts. More to come | ||||
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pnuklis
Master |
02-Apr-2014 07:45
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This counter is running fast. Jump on the band wagon to reap the benifits. Very soon will cross 0.40. |
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guoyanyunyan
Supreme |
02-Apr-2014 06:26
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Opportune timeTarget S$0.41 (Stock Rating: Add) ...last:$0.35... Nam Cheong has brushed past its recent anaemic share price performance by selling one 5,150 bhp AHTS and one 5,000 dwt PSV for a combined US$43.1m, taking the YTD vessel sales to US$113m (23% of our FY14 target of US$500m). The recent warning by Petronas could partially explain the share price weakness. However, we view the communication as a fairly preliminary pre-emptive move to avoid an overheated bubble, and also a correct one as an over-supplied situation benefits no one in the longer term. We continue to expect Nam Cheong to rack up consecutive record vessel sales and earnings. Half of its sales stem from Malaysia and the rest from international waters. We maintain Add and our target price (still at 8x CY15 P/E, peer average). What Happened The AHTS was sold to Kayfour Development Corporation, a new Malaysian customer, while the PSV was sold to a repeat customer in West Africa, E.A. Temile and Sons Development Company of Nigeria Limited, an established engineering and construction company. In Oct 2012, Nam Cheong sold a similar 5,000 dwt PSV to the same customer in West Africa. Both vessels are around 80% completed and are expected to be delivered by end-2Q14. This also means that the vessels would be 100% recognised in 2Q itself. What We Think Rationale behind the share price weakness. Petronas has recently warned Malaysian OSV suppliers of falling rates and the likelihood of an over-supplied situation. We believe that the negative newsflow could partially explain Nam Cheong' s recent share price weakness. However, we retain our view that the fundamental strengths of the Malaysian waters are still intact. In this vein, we also have to commend Petronas' s move to reign in the suppliers' bullishness. Among the Southeast Asian countries, we view Malaysia as one of the more proactive and pro-supportive of its offshore oil & gas industry. It has also enacted coordinated and correct policies and measures. Other than the oft-cited Economic Transformation Programme, Malaysia' s relatively looser cabotage allows for foreign companies to participate and aid local companies with knowledge transfer. We also note that BPMB (Malaysia Development Bank) has expanded its financing to OSV owners, enabling them to grow and compete more effectively with the international players. One prime example would be the Ekuinas-backed (Malaysia' s private equity arm) amalgamation of Tanjung Kapal and Omni to create Icon Offshore, the third largest OSV player in the country. What You Should Do Opportune time to enter. Nam Cheong trades at 7x CY15 P/E on a 2-year EPS CAGR of 13%. Singapore OSV builders are trading at 8x on flat earnings. Source: CIMB Daybreak |
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RoundRound
Elite |
01-Apr-2014 16:40
Yells: "Tikam Tikam can also" |
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Nam Cheong a SOLID Cash Cow with many positive news year round and rarely disappoint (at least for a few more years to go)..... now moving up & up | ||||
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guoyanyunyan
Supreme |
01-Apr-2014 09:10
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A Fast-Moving StockNam Cheong has sold a AHTS and PSV for USD43.1m, which maintains its orderbook at MYR1.4bn. The 2014 build-to-stock programme is now 67% sold, with only 10 units left. Petronas' recent announcement on lower charter rates will actually benefit Nam Cheong, as vessel owners hold back on build-to-order contracts. The firm is also successfully developing its global customer base. Maintain BUY with a $0.48 TP, based on a 10x FY14F P/E. Read more » |
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