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Stocky901 Supreme	20-Jun-2024 11:08        Stocky901 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No buyers? Dropping everyday?🤐 Exit and move to support REX.. See how 🤫
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Stocky901 Supreme	19-Jun-2024 15:46        Stocky901 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This one very jialat everyday also got peoples dumping.. 😢 TraderBen      ( Date: 19-Jun-2024 15:25) Posted: Time for Nam cheong to cheong?? Weak holders out now..
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TraderBen Supreme	19-Jun-2024 15:25        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Time for Nam cheong to cheong?? Weak holders out now..
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TraderBen Supreme	10-Jun-2024 15:53        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	the name alrdy says it all.. if u r chinese.. 难 cheong.. how to cheong.. lol Stocky901      ( Date: 10-Jun-2024 11:09) Posted: True. Nam Cheong really cannot cheong..😂 sold off half first.. 😢 TraderBen      ( Date: 10-Jun-2024 10:05) Posted: buy beng kuang better.. at least solid management.
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Stocky901 Supreme	10-Jun-2024 11:09        Stocky901 About Contact  Quote this Post!
x 0   x 0  Alert Admin	True. Nam Cheong really cannot cheong..😂 sold off half first.. 😢 TraderBen      ( Date: 10-Jun-2024 10:05) Posted: buy beng kuang better.. at least solid management.. Stocky901      ( Date: 08-Jun-2024 12:17) Posted: Chill now.. waiting for good news.. about time to announce new contract win?🥇 🥇
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TraderBen Supreme	10-Jun-2024 10:05        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	buy beng kuang better.. at least solid management.. Stocky901      ( Date: 08-Jun-2024 12:17) Posted: Chill now.. waiting for good news.. about time to announce new contract win?🥇 🥇
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Stocky901 Supreme	08-Jun-2024 12:17        Stocky901 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Chill now.. waiting for good news.. about time to announce new contract win?🥇 🥇
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bernardc Elite	08-Jun-2024 11:03        bernardc About Contact  Quote this Post!
x 0   x 0  Alert Admin	Profit??? It's a .irage . Please go through the report again please Stocky901      ( Date: 04-Jun-2024 15:41) Posted: Recall this q1 results. 555M RM of net profit.. 👍 SmallSmall      ( Date: 17-May-2024 11:49) Posted: NEWS RELEASE Nam Cheong reports healthy 1Q2024 results on the back of improved vessel chartering rates and higher utilisation of larger vessels &bull 1Q2024 revenue was up 73% year-on-year (&ldquo yoy&rdquo ) to RM111.5 million and gross profit rose correspondingly by 91% yoy to RM49.6 million. &bull The successful completion of its debt restructuring process has significantly improved the Group&rsquo s sustainability and lays the foundation for capturing the growing business opportunities. In 1Q2024, the Group' s vessel chartering division generated RM111.5 million in revenue, marking a 73% increase yoy, primarily driven by improved daily charter rates and higher utilisation of larger vessels. Similarly as in the previous quarters, the shipbuilding segment did not register any revenue as no vessel was scheduled for delivery during the period. In line with the revenue increase, gross profit grew by 91% yoy to RM49.7 million. Accordingly, the gross margin improved to 45% during the period. Selling and administration expenses increased by 30% yoy to RM11.0 million for 1Q2024, in tandem with the increase in revenue. Other operating expenses increased by 61% yoy to RM12.7 million for 1Q2024, primarily due to legal and professional fees associated with the debt restructuring activities and the absence of net foreign exchange loss during the period. Following the conclusion of the debt restructuring, the finance costs decreased by 70% to RM2.0 million for 1Q2024. Consequently, the Group achieved a net profit of RM557.3 million for 1Q2024, compared to RM3.1 million for 1Q2023, mainly due to the gain arising from an improved debt profile. Commenting on the Group&rsquo s results, Mr. Leong Seng Keat, Chief Executive Officer of Nam Cheong said, &ldquo We are encouraged by the steadily improving performance over the past two years, attributed to our strategic focus on the vessel chartering business which generates stable and recurring income. The successful completion of the debt restructuring was yet another positive step for the Group. The significant reduction in debt has strengthened the Group&rsquo s financial position, enhancing our ability to continue delivering value to our customers and shareholders.
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Stocky901 Supreme	07-Jun-2024 18:30        Stocky901 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why everyday dropping? 😢 Thought they have more than RM 1.5B of order book 🤔 🤔
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Stocky901 Supreme	04-Jun-2024 15:41        Stocky901 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Recall this q1 results. 555M RM of net profit.. 👍 SmallSmall      ( Date: 17-May-2024 11:49) Posted: NEWS RELEASE Nam Cheong reports healthy 1Q2024 results on the back of improved vessel chartering rates and higher utilisation of larger vessels &bull 1Q2024 revenue was up 73% year-on-year (&ldquo yoy&rdquo ) to RM111.5 million and gross profit rose correspondingly by 91% yoy to RM49.6 million. &bull The successful completion of its debt restructuring process has significantly improved the Group&rsquo s sustainability and lays the foundation for capturing the growing business opportunities. In 1Q2024, the Group' s vessel chartering division generated RM111.5 million in revenue, marking a 73% increase yoy, primarily driven by improved daily charter rates and higher utilisation of larger vessels. Similarly as in the previous quarters, the shipbuilding segment did not register any revenue as no vessel was scheduled for delivery during the period. In line with the revenue increase, gross profit grew by 91% yoy to RM49.7 million. Accordingly, the gross margin improved to 45% during the period. Selling and administration expenses increased by 30% yoy to RM11.0 million for 1Q2024, in tandem with the increase in revenue. Other operating expenses increased by 61% yoy to RM12.7 million for 1Q2024, primarily due to legal and professional fees associated with the debt restructuring activities and the absence of net foreign exchange loss during the period. Following the conclusion of the debt restructuring, the finance costs decreased by 70% to RM2.0 million for 1Q2024. Consequently, the Group achieved a net profit of RM557.3 million for 1Q2024, compared to RM3.1 million for 1Q2023, mainly due to the gain arising from an improved debt profile. Commenting on the Group&rsquo s results, Mr. Leong Seng Keat, Chief Executive Officer of Nam Cheong said, &ldquo We are encouraged by the steadily improving performance over the past two years, attributed to our strategic focus on the vessel chartering business which generates stable and recurring income. The successful completion of the debt restructuring was yet another positive step for the Group. The significant reduction in debt has strengthened the Group&rsquo s financial position, enhancing our ability to continue delivering value to our customers and shareholders.
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bernardc Elite	21-May-2024 09:26        bernardc About Contact  Quote this Post!
x 0   x 0  Alert Admin	Cheong argh... Cheong kor engine running already...20 here we cóme bernardc      ( Date: 20-May-2024 19:21) Posted: A good day for nam chéong... Today share price closed at 18.1 CTS..up 2 cents... At this rate ..breakout on the cards this week... Huart argh to all... Cheong kor doing a great job
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bernardc Elite	21-May-2024 09:23        bernardc About Contact  Quote this Post!
x 0   x 0  Alert Admin	Cheong argh... Cheong kor engine running already...20 here we cóme bernardc      ( Date: 20-May-2024 19:21) Posted: A good day for nam chéong... Today share price closed at 18.1 CTS..up 2 cents... At this rate ..breakout on the cards this week... Huart argh to all... Cheong kor doing a great job
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bernardc Elite	20-May-2024 19:21        bernardc About Contact  Quote this Post!
x 0   x 0  Alert Admin	A good day for nam chéong... Today share price closed at 18.1 CTS..up 2 cents... At this rate ..breakout on the cards this week... Huart argh to all... Cheong kor doing a great job
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bernardc Elite	20-May-2024 10:29        bernardc About Contact  Quote this Post!
x 0   x 0  Alert Admin	Now 18.8... 20...let's go there. N make a breakout..
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SmallSmall Supreme	20-May-2024 10:24        SmallSmall About Contact  Quote this Post!
x 0   x 0  Alert Admin	$0.20 later . I can smell it. Now $0.186
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TraderBen Supreme	20-May-2024 09:34        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	wanna sell 100 lots also difficult
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bernardc Elite	20-May-2024 09:15        bernardc About Contact  Quote this Post!
x 0   x 0  Alert Admin	Cheong argh.. 18.3..plus 2.2... This one rocket..not submarine SmallSmall      ( Date: 20-May-2024 09:11) Posted: Up $0.015 now $0.176 :)
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bernardc Elite	20-May-2024 09:13        bernardc About Contact  Quote this Post!
x 0   x 0  Alert Admin	Cheong ..Cheong..argh.. SmallSmall      ( Date: 20-May-2024 09:11) Posted: Up $0.015 now $0.176 :)
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SmallSmall Supreme	20-May-2024 09:11        SmallSmall About Contact  Quote this Post!
x 0   x 0  Alert Admin	Up $0.015 now $0.176 :)
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MrBear12 Supreme	18-May-2024 17:15        MrBear12 About Contact  Quote this Post! Style: Combined   Mood: Yells: "A retired bear will still always be a bear"
x 0   x 0  Alert Admin	Can it make enough to repay its debt is the key question. Restructuring of debt is another way to get out of a default of debt situation. If a company defaults on its debt, it is heading into trouble and equity holders will be affected no matter what to some degree. bernardc      ( Date: 18-May-2024 15:32) Posted: I agree with you...the past financials..were bad.. The coy almost went under... But after restructuring....I am not sure..something about the debts of RM 500 was forgiven... Now the coy makes money again...the 1st QTR financials is very unusual to say the least.... But now the coy is on even keel n starts to be profitable..
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