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Beng Kuang
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New CEO and Placement, Positive Things Brewing?
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For_The_Next_Leg
Veteran |
29-Nov-2023 08:12
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$Beng Kuang(BEZ.SI) As oil price continue to stay within this range, FPSO redeployment is gathering interest. This is beneficial to Beng Kuang, these redeployment will need their services now or in the future!
https://www.upstreamonline.com/field-development/interest-surging-in-fpso-redeployments/2-1-1561308
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tedlim
Veteran |
28-Nov-2023 09:02
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Market cap of about S$10million...for 3Q2023 their profit is 2m, assuming their profits is $8m in FY2024, PE is just 1.2 times. Important is that they are coming from a low base, hence more upside is possible. Pls do your own DD...
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For_The_Next_Leg
Veteran |
27-Nov-2023 11:05
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$Beng Kuang(BEZ.SI) 6 cents seem to be a resistant and support for this company. Breaking this resistant will probably allow the company to go higher. In my opinion, in a few months time, the company should be announcing special dividend with the turnaround in actual business and the sale of the shipyard. DYODD
https://www.tubinvesting.com/2023/08/tub-assert-beng-kuang-marines-financial.html
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For_The_Next_Leg
Veteran |
24-Nov-2023 08:51
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$Beng Kuang(BEZ.SI) While the possibility of a decrease in oil prices should be acknowledged, it is crucial to recognize that the company specializes in the maintenance of FPSOs. Consequently, if oil prices decline, it is possible that FPSOs may require maintenance, particularly if oil drilling becomes less financially viable.
https://www.reuters.com/business/energy/oil-prices-little-changed-ahead-us-stocks-data-potential-opec-cuts-2023-11-22/
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Giant8888
Member |
20-Nov-2023 14:15
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Waiting for full confirmation that all sales proceed are in. Also BK should indicate to market how it intends to use the proceeds funds to benefit or reward long suffering SHs...is it via SBB or dividends. If stock can go up 5% based on 2k volume everyday...it is not difficult for stock to breakout $0 10, $0.15, $0.20 using 2 to 3 mil of internal funds. Let wait and see more actions.
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Joelton
Supreme |
20-Nov-2023 13:42
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Beng Kuang Marine
On Nov 16, Beng Kuang Marine : BEZ 0% CEO Yong Jiunn Run acquired 200,000 shares at an average price of S$0.058 per share. With a consideration of S$11,600, this took his direct interest in the company from 4.19 per cent to 4.29 per cent.
His preceding acquisitions were on Aug 30 with 250,000 shares acquired at S$0.065 per share and on July 4, with 100,000 shares bought at S$0.07 per share. Yong&rsquo s responsibilities include making major corporate decisions, developing, and steering corporate plans, implement business directions and strategies for the group.
The group&rsquo s business strategy is oriented towards an asset-light and service-oriented business model, coupled together with monetising fixed assets and deleveraging initiatives.
Its 51 per cent owned subsidiary, Asian Sealand Offshore & Marine (ASOM) specialises in asset integrity solutions for operating floating assets such as floating production storage and offloading vessels and floating storage and offloading vessels among others.
Targeting a larger customer base globally, ASOM has established itself as a proficient &ldquo one-stop&rdquo offshore in-situ turnkey solutions provider, leveraging sandwich plate system technology,to optimise and extend the life of such operating floating assets.
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Joelton
Supreme |
20-Nov-2023 13:37
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Beng Kuang Marine: CEO Purchases Shares, Increases Stake to 4.19%
> For 3QFY2023, Beng Kuang Marine reverses into profit before tax of $2.22 mil.
> Transformation to an asset-light and service-oriented business model with recurring revenue streams anchored by our IE and CP businesses Revenue increased 21% to S$53.25 million in 9M2023
> Turnaround gaining momentum as financial results improved significantly with strong performance in 3Q2023 Registered profit before tax of S$2.73 million in 9M2023
> Net cash inflow generated from operating activities was S$6.64 million in 9M2023, as compared to S$5.40 million in 9M2022
> Cash and cash equivalents of S$6.60 million with reduced total borrowings of S$15.95 million as at 30 September 2023
> Following completion of the partial disposals of the Group' s shipyard in Batam, the Group&rsquo s balance sheet will be boosted by S$18.53 million in cash
Commenting on the 9M2023 results, Mr Yong Jiunn Run, Chief Executive Officer of Beng Kuang Group, said: &ldquo We maintained positive organic growth with our core IE and CP business divisions delivering strong performance, providing good momentum in our turnaround.
Our strategy is delivering, demonstrated with the strength of our underlying performance and monetising efforts, and we remain confident that Beng Kuang Group is well positioned to create high-value growth within the marine and offshore industry.&rdquo
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chiachiawee
Elite |
20-Nov-2023 10:50
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200k shares not convincing. Any retailer here can do. Perhaps 2000k shares more convince and maybe will chiong. CEO?
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Midtermer
Master |
20-Nov-2023 10:45
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Finally cleared 60, next R at 64. Cheers | ||||
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Giant8888
Member |
19-Nov-2023 00:23
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Hopefully when all land sales proceeds all in, SBB will kick in to push up. And hopefully more corporate news like contract awards etc. Undervalued stock.
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For_The_Next_Leg
Veteran |
17-Nov-2023 08:57
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$Beng Kuang(BEZ.SI) CEO added more shares!!!!!!!
A breakout will go to new heights!
https://links.sgx.com/1.0.0/corporate-announcements/T5GJKRA3WSNVP09C/94992bc38f1d6e23a1c7464570a24e35c70010c27b3832cd2635d1e8e68d1ab5
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Giant8888
Member |
17-Nov-2023 00:22
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By next reporting we ought to see the proceeds of the 2 land parcels sales into the company coffers. Then mgt should either use partial funds for dividends or SBB to boost the shares price and enhance shareholders value. Due to SGX allowing short selling, many string companies like Straits Trading, YZJ, SIA engineering have no choice but to execute SBB to protect SH value. Or else privatise...
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Midtermer
Master |
16-Nov-2023 23:13
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Finally some actions from the boss. CEO bought 200k shares today. Cheers | ||||
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For_The_Next_Leg
Veteran |
15-Nov-2023 10:23
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$Beng Kuang(BEZ.SI) There is a high chance the company will come out of the Watch-List under the Financial Entry Criteria by the next reporting period or at least get an extension. Once that is done, the shortist will need to cover.
https://links.sgx.com/1.0.0/corporate-announcements/3QSDKEJLBVYKCM4R/d71b47e373ab78a3045659352645f911fdb1a3c23852aa9663fea6bcbe062cd0
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Giant8888
Member |
14-Nov-2023 20:31
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Despite turnaround of BK fortunes, current market is not buying it due to poor market sentiment and SGX infamous short selling, pressing down prices of good counters. BK mgt simply has to use their profits to shore up via SBB amd fend off attackers. Then others will follow. So we just to have to wait patiently.
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Giant8888
Member |
14-Nov-2023 02:34
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I prefer to say this counter is way undervalued rather than cheap. Being removed from SGX watch list is a huge huge weight lifted. All stars are now aligned. Mgt needs to start share buy back mandate and all that is required is a super BB to recharge it to even keel.
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TraderBen
Supreme |
13-Nov-2023 19:54
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Market cap only 15m and revenue is 50m.. makes no sense for it to stay so low for long. Even 20 cents is cheap for the near future
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Giant8888
Member |
13-Nov-2023 18:56
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Agreed the NTA for BK has improved coupled with more opportunities due to oil rallying. When market sentiment turns good this counter should move plus insider buying amd mandate for share buy back. Load and hold long term. Not for contra.
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sengkang
Veteran |
13-Nov-2023 14:07
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After partial disposal of group' s shipyard land, the cash infow amounts to $18.53m Add existing cash of $6.6m, total cash is $25.13m. Less out total borrowings of $15.95m , remaining nett cash is $9.18m and free of debt. Remaining shipyard land of 138,000 sqm is worth $13.2m. Total assets excluding other businesses is $22.36m or 11.2c/sh. Including 2 core profitable business divisions IE and CP, share should be worth at least 15c as a going concern imho. My 2c thots.
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Giant8888
Member |
13-Nov-2023 00:23
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BK assets vs liabilities are net positive. Assuming net profit EBITA $5-10 mil per year and using 7xPE as s simple computation, valuation is 20-30 cts per share Can someone provide a sharper valuation going forwaed
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