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focusy Senior	01-Dec-2024 20:47        focusy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nam Cheong -- interesting Offshore Support Vessel provider in  Malaysia. It secured multi-year OSV charter contracts worth up to RM1.22 billion, including options for extension. Clients are regional and international oil majors.  RM1.22 billion contract wins! News super-charges this stock 19% in 1 day https://www.nextinsight.net/story-archive-mainmenu-60/947-2024/15927-rm1-22-billion-contract-wins-news-super-charges-this-stock-19-in-1-day#google_vignette
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superstartup Elite	29-Nov-2024 15:05        superstartup About Contact  Quote this Post! Style: Fundamental   Yells: "Enjoy doing Fundamental Research"
x 0   x 0  Alert Admin	3 Quarters of around EPS 3.5 SGD Cent per quarter, solely from its operations Equivalent EPS of 14 SGD Cent on an Annualised Basis, from operations Kenanga Research indicated that OSV companies at KLSE trade at average PE of 14x At 14x PE, TP is 196 SGD Cent At 10x PE, TP is 140 SGD Cent At 7x PE (half of average PE) , TP is 98 SGD Cent Shall wait and see which Brokerage House takes the lead and re-initiates coverage on Nam Cheong Historically, Nam Cheong was covered by a few brokerage houses With the restructuring over, and 3 quarters of relatively constant operating result (did not include one-off gains), analysts should feel comfortable by now to resume coverage And now with the huge contract announcement last evening, surely at least one analyst will come in soon
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superstartup Elite	29-Nov-2024 09:26        superstartup About Contact  Quote this Post! Style: Fundamental   Yells: "Enjoy doing Fundamental Research"
x 0   x 0  Alert Admin	For those interested,    accordingly to Kenanga Research in Malaysia, OSV companies at KLSE trade at average PE of 14x https://klse.i3investor.com/web/staticfile/view/552078 Maybe Nam Cheong can go for Secondary Listing or change its main listing to KLSE, which is the new trend now
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superstartup Elite	29-Nov-2024 09:22        superstartup About Contact  Quote this Post! Style: Fundamental   Yells: "Enjoy doing Fundamental Research"
x 0   x 0  Alert Admin	For the last 3 Qs, company is making around EPS 3.5 SGD Cent per quarter, solely from its operations That is a EPS of 14 SGD Cent on an Annualised Basis, from operations Now is to wait patiently for Houses to accumulate enough shares before they will start to re-rate / re-initiate reports on the company Too bad for me, price jump up today, else I can slowly accumulate more on the Low, but nvm (as usual, please perform your own DD) superstartup      ( Date: 14-Nov-2024 13:12) Posted: Stable operating profits for three quarters liao (even after stripping off  the huge one-off items gain) 3Q EPS, MYR11.74 Cent = SGD  3.53 Cent Annualised EPS is SGD 14 Cent   superstartup      ( Date: 13-Nov-2024 19:59) Posted: Quick take on 3Q result NamCheong 3Q result basically reflect its operational result (that is, does not include other major exceptional items as expected) So 3Q is a very good gauge of NamCheong daily ops 3Q ops result is relatively stable compare with 2Q ops (removed exceptional items) 3Q EPS, MYR11.74 Cent = SGD  3.53 Cent Annualised EPS is SGD 14 Cent (btw, NamCheong share price has overtake Mermaid and Beng Kuang. Now with its operational EPS almost double of Dyna-Mac and with its NAV triple of Dyna-Mac, let' s see if Analysts like the revamped NamCheong and resume coverage of the company) Please perform your own DD, am vested small small only
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Stocky901 Supreme	29-Nov-2024 09:14        Stocky901 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Congrats to those still holding.. NC is much much better than Mermaid 😜
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Taylor Senior	29-Nov-2024 09:12        Taylor About Contact  Quote this Post!
x 0   x 0  Alert Admin	Take money first
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Taylor Senior	29-Nov-2024 09:06        Taylor About Contact  Quote this Post!
x 0   x 0  Alert Admin	Finally got one big profit taking Go go go Lez me out more
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Trainner Member	28-Nov-2024 23:01        Trainner About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is great news for Nam Cheong supporters!!! The price will surge!!!!! spursfan      ( Date: 28-Nov-2024 20:34) Posted: Nam Cheong secures multi-year OSV charter contracts worth up to RM1.22 billion, significantly extending its revenue visibility https://links.sgx.com/1.0.0/corporate-announcements/B0ABRNN7KWVN4EJJ/826702_Nam%20Cheong_PR_New%20contract-wins_Final.pdf
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spursfan Elite	28-Nov-2024 20:34        spursfan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nam Cheong secures multi-year OSV charter contracts worth up to RM1.22 billion, significantly extending its revenue visibility https://links.sgx.com/1.0.0/corporate-announcements/B0ABRNN7KWVN4EJJ/826702_Nam%20Cheong_PR_New%20contract-wins_Final.pdf
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focusy Senior	24-Nov-2024 14:35        focusy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nam Cheong is doing really well after bouncing back from some serious financial trouble. They are now riding the wave of booming demand. Clients are oil majors operating in Malaysian waters.  Demand is strong, supply is constrained. Things have not been this good for this company in a long while https://www.nextinsight.net/story-archive-mainmenu-60/947-2024/15914-demand-is-strong-supply-is-constrained-things-have-not-been-this-good-for-this-company-in-a-long-while#google_vignette
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TraderBen Supreme	15-Nov-2024 06:26        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	I chose the wrong one.. dam sian  superstartup      ( Date: 14-Nov-2024 12:48) Posted: Saw mermaid result Luckily stick with NamCheong
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superstartup Elite	14-Nov-2024 14:14        superstartup About Contact  Quote this Post! Style: Fundamental   Yells: "Enjoy doing Fundamental Research"
x 0   x 0  Alert Admin	NamCheong 3Q EPS 35x of Mermaid (?) superstartup      ( Date: 14-Nov-2024 12:48) Posted: Saw mermaid result Luckily stick with NamCheong
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superstartup Elite	14-Nov-2024 13:12        superstartup About Contact  Quote this Post! Style: Fundamental   Yells: "Enjoy doing Fundamental Research"
x 0   x 0  Alert Admin	Stable operating profits for three quarters liao (even after stripping off  the huge one-off items gain) 3Q EPS, MYR11.74 Cent = SGD  3.53 Cent Annualised EPS is SGD 14 Cent   superstartup      ( Date: 13-Nov-2024 19:59) Posted: Quick take on 3Q result NamCheong 3Q result basically reflect its operational result (that is, does not include other major exceptional items as expected) So 3Q is a very good gauge of NamCheong daily ops 3Q ops result is relatively stable compare with 2Q ops (removed exceptional items) 3Q EPS, MYR11.74 Cent = SGD  3.53 Cent Annualised EPS is SGD 14 Cent (btw, NamCheong share price has overtake Mermaid and Beng Kuang. Now with its operational EPS almost double of Dyna-Mac and with its NAV triple of Dyna-Mac, let' s see if Analysts like the revamped NamCheong and resume coverage of the company) Please perform your own DD, am vested small small only
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Stocky901 Supreme	14-Nov-2024 12:54        Stocky901 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can buy at current levels.. No problem to move above 0.45 in coming days 👍 👍
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superstartup Elite	14-Nov-2024 12:48        superstartup About Contact  Quote this Post! Style: Fundamental   Yells: "Enjoy doing Fundamental Research"
x 0   x 0  Alert Admin	Saw mermaid result Luckily stick with NamCheong
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superstartup Elite	14-Nov-2024 10:11        superstartup About Contact  Quote this Post! Style: Fundamental   Yells: "Enjoy doing Fundamental Research"
x 0   x 0  Alert Admin	Riverstone 3Q EPS MYR 4.87c (stable recurring income) Namcheong 3Q EPS MYR 11.74c (stable recurring income) SIA Engineering 2Q EPS SGD 3.2c (stable recurring income) Namcheong 3Q EPS SGD 3.53c (stable recurring income)    Too bad. In different industries. Hopefully Namcheong will re-rate soon just like TheHourGlass then (no interest till spiked up) Still think need some Analysts coverage for the upward price movement superstartup      ( Date: 13-Nov-2024 19:59) Posted: Quick take on 3Q result NamCheong 3Q result basically reflect its operational result (that is, does not include other major exceptional items as expected) So 3Q is a very good gauge of NamCheong daily ops 3Q ops result is relatively stable compare with 2Q ops (removed exceptional items) 3Q EPS, MYR11.74 Cent = SGD  3.53 Cent Annualised EPS is SGD 14 Cent (btw, NamCheong share price has overtake Mermaid and Beng Kuang. Now with its operational EPS almost double of Dyna-Mac and with its NAV triple of Dyna-Mac, let' s see if Analysts like the revamped NamCheong and resume coverage of the company) Please perform your own DD, am vested small small only
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Trainner Member	13-Nov-2024 22:20        Trainner About Contact  Quote this Post!
x 0   x 0  Alert Admin	The result is good!! Congrats 👍 If continue, should reflect in the share price.   superstartup      ( Date: 13-Nov-2024 19:59) Posted: Quick take on 3Q result NamCheong 3Q result basically reflect its operational result (that is, does not include other major exceptional items as expected) So 3Q is a very good gauge of NamCheong daily ops 3Q ops result is relatively stable compare with 2Q ops (removed exceptional items) 3Q EPS, MYR11.74 Cent = SGD  3.53 Cent Annualised EPS is SGD 14 Cent (btw, NamCheong share price has overtake Mermaid and Beng Kuang. Now with its operational EPS almost double of Dyna-Mac and with its NAV triple of Dyna-Mac, let' s see if Analysts like the revamped NamCheong and resume coverage of the company) Please perform your own DD, am vested small small only
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superstartup Elite	13-Nov-2024 19:59        superstartup About Contact  Quote this Post! Style: Fundamental   Yells: "Enjoy doing Fundamental Research"
x 0   x 0  Alert Admin	Quick take on 3Q result NamCheong 3Q result basically reflect its operational result (that is, does not include other major exceptional items as expected) So 3Q is a very good gauge of NamCheong daily ops 3Q ops result is relatively stable compare with 2Q ops (removed exceptional items) 3Q EPS, MYR11.74 Cent = SGD  3.53 Cent Annualised EPS is SGD 14 Cent (btw, NamCheong share price has overtake Mermaid and Beng Kuang. Now with its operational EPS almost double of Dyna-Mac and with its NAV triple of Dyna-Mac, let' s see if Analysts like the revamped NamCheong and resume coverage of the company) Please perform your own DD, am vested small small only
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superstartup Elite	05-Nov-2024 14:13        superstartup About Contact  Quote this Post! Style: Fundamental   Yells: "Enjoy doing Fundamental Research"
x 0   x 0  Alert Admin	As predicted earlier on, and NamCheong indeed overtook Mermaid and eventually Beng Kuang Hopefully the upcoming quarterly result, couple with the earlier 2 quarters For a total of 3 Full Quarters of operating results, stable, increasing profit, can convince some brokerage houses to resume coverage of NamCheong Looking forward to catching up with Dyna-mac (though in different sub-sectors) Afterall, NamCheong operating profit (less one-off item) is almost double of Dyna-Mac, also with Higher Revenue, and Higher NAV ( Not posting anymore till after the release of the upcoming quarterly result )
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superstartup Elite	05-Nov-2024 13:36        superstartup About Contact  Quote this Post! Style: Fundamental   Yells: "Enjoy doing Fundamental Research"
x 0   x 0  Alert Admin	For those interested,  accordingly to Kenanga Research in Malaysia, OSV companies at KLSE trade at average PE of 14x https://klse.i3investor.com/web/staticfile/view/552078 Please perform your own DD, as always   superstartup      ( Date: 04-Nov-2024 09:30) Posted: Looking forward to 3Q result which will be released soon What we need is more coverage by Analysts Namcheong was covered by few Analysts back then Hopefully with 3Q result, and that is 3 quarters of operationing profits, brokerage houses can be more confident to resume coverage In any case, 3Q result will not have one-off items Likely just pure result from operations people can then assess the company daily ops with more clarity Hopefully the company maintain the operating profits per 1Q, 2Q And this suffice for me to see more re-ratings (please perform your own DD)     superstartup      ( Date: 14-Aug-2024 12:50) Posted: NamCheong Proma Result Looking at its Ops (less off Other Income) Numbers in order of 1Q / 2Q / 1H (in millions RM) Revenue 111 / 200 / 311 Gross Profit  49 / 97 / 146 Operating Profit, after less off Other Income 25 / 83 / 108 Profit before Tax 52 / 77 / 129 Income Tax 10 / 23 / 33 Net Profit 42 / 54 / 96 Outstanding Shares 387 / 394 / 394 EPS, in RM Sen 10.9 / 13.6 / 24.3 EPS in SGD Cent 1Q 3.24 / 2Q 4.05 / 1H 7.23 NAV, in RM Sen 65.7 / 98.2 / 98.2 NAV in SGD Cent 1Q 19.5 / 2Q 29.2 / 1H 29.2 Positive Liquidity Ratio with Current Asset (494m) > Current Liabilities (299m) The interesting part is now Company in Positive NAV and in Positive Liquidity Ratio (Debt burden is now History) More interesting is the stable earnings, 2Q better than 1Q and with 1H total EPS at around 7.23 SGD Cent As usual, please perform your own due diligence Just sharing over here And to each own view / perspective
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