Nam Cheong   

The phoenix rises

Yeah !

superstartup      ( Date: 04-Sep-2024 13:03) Posted: So someone borrowed the same analysis and wrote an article yesterday No wonder price go up yesterday Those interested in number crunching, can do a similar analysis for Vallianz Company now profitable But for a start, crunch the numbers for the 2 recent financial deals - Perpetual Securities - Convertible bonds There are huge gain from the 2 deals (similiar to NamCheong) And the Saudi Rawabi group coming in with cash for the deals BTW, same OSV industry (and just sharing only.  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

 

So someone borrowed the same analysis and wrote an article yesterday
No wonder price go up yesterday

Those interested in number crunching, can do a similar analysis for Vallianz
Company now profitable
But for a start, crunch the numbers for the 2 recent financial deals
- Perpetual Securities
- Convertible bonds
There are huge gain from the 2 deals (similiar to NamCheong)
And the Saudi Rawabi group coming in with cash for the deals
BTW, same OSV industry
(and just sharing only.  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 superstartup      ( Date: 14-Aug-2024 09:16) Posted: Yesterday took a quick look, quick calculation People did not realised that Namcheong Operations is making much more profit than DynaMac, and gang Removed all the one-off items for 1Q and 2Q results and you can see clearly 2Q net profit from Ops is more than double of 1Q Will tabulate the details over here subsequently Please perform your own DD

 

nam cheong almost tripling mermaid price now and ironically they met at 18 cents just 2 mths ago.. 

 

Stock jumps 100+% in 2 months as 1H results point to low valuation

 

Ah nam brother going above 350. Once clear can see 400?

 

Engine started for w5. going above 350. stellar results. not forgotten baby. 

 

namcheong day
week ew start 117 w5 hit 325 up 188.6%

day ew can start from 150
w3 up 161.8 325 px hit
dn 14.6 305 must hold
px hit 300 need to pullback
then w3 next fib 335 345

if not w4 dn 270
if hold w5 up 355

 

NC trading push is similar to BK. BK hit high 0.33, uturn all the way down.
NC did the same after lunch.
Just beware.

 

Bought some lots at 31

Stocky901      ( Date: 20-Aug-2024 13:12) Posted: Can buy now.. 35c possible this week. 👍

 

Can buy now.. 35c possible this week. 👍

 

nam cheong jin gao cheong this time!! lucky RHB sold out alrdy.. if not they start to dump now..

 

Good advice. Thanks.

superstartup      ( Date: 15-Aug-2024 17:43) Posted: There are always other opportunities : )   wooncs8870      ( Date: 15-Aug-2024 17:03) Posted: Bro, thanks for sharing your experience but it was too late to regre

 

There are always other opportunities : )

 

wooncs8870      ( Date: 15-Aug-2024 17:03) Posted: Bro, thanks for sharing your experience but it was too late to regret superstartup      ( Date: 15-Aug-2024 16:31) Posted: I learnt from my past experience When I am in similar situation like you These days, I buy half my limit straight away Balance half limit Q lower or just wait and see (if price run up, will not chase, just stick to my earlier half) Going for consistent profit (tiny is ok) $200 a day for 20 trading days a month is already $4k per mth extra income High Risk High Gain Low Risk Low Gain But I rather go for consistent profi

 

Bro, thanks for sharing your experience but it was too late to regret

superstartup      ( Date: 15-Aug-2024 16:31) Posted: I learnt from my past experience When I am in similar situation like you These days, I buy half my limit straight away Balance half limit Q lower or just wait and see (if price run up, will not chase, just stick to my earlier half) Going for consistent profit (tiny is ok) $200 a day for 20 trading days a month is already $4k per mth extra income High Risk High Gain Low Risk Low Gain But I rather go for consistent profit wooncs8870      ( Date: 15-Aug-2024 16:21) Posted: I was very tempted to enter at 25 despite not so confident of the price movemen

 

I learnt from my past experience
When I am in similar situation like you
These days, I buy half my limit straight away
Balance half limit Q lower or just wait and see (if price run up, will not chase, just stick to my earlier half)

Going for consistent profit (tiny is ok)
$200 a day for 20 trading days a month is already $4k per mth extra income

High Risk High Gain
Low Risk Low Gain
But I rather go for consistent profit

wooncs8870      ( Date: 15-Aug-2024 16:21) Posted: I was very tempted to enter at 25 despite not so confident of the price movement TraderBen      ( Date: 15-Aug-2024 16:01) Posted: thats the reason why i usually dont que.. just gra

 

I was very tempted to enter at 25 despite not so confident of the price movement

TraderBen      ( Date: 15-Aug-2024 16:01) Posted: thats the reason why i usually dont que.. just grab wooncs8870      ( Date: 15-Aug-2024 15:58) Posted: I queued at 245 to buy 30 lots but the prices keep trending higher and higher and now is reaching 290, else I would have made 800+

 

thats the reason why i usually dont que.. just grab

wooncs8870      ( Date: 15-Aug-2024 15:58) Posted: I queued at 245 to buy 30 lots but the prices keep trending higher and higher and now is reaching 290, else I would have made 800+

 

I queued at 245 to buy 30 lots but the prices keep trending higher and higher and now is reaching 290, else I would have made 800+

 

I was thinking catching up with Dyna-Mac since earnings here more stable and higher than Dyna-Mac
Maybe not over-take, but not too far off

Only problem now is the coverage for NamCheong 

SmallSmall      ( Date: 15-Aug-2024 10:23) Posted: This one uncharted liao.......$0.40 was the post consolidated price 100 to 1 after the restructuring

 

This one uncharted liao.......$0.40 was the post consolidated price 100 to 1 after the restructuring