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After yesterday volativiry
...now it's on track again....
Looking forward to breaking 30 CTS
Dyodd
superstartup ( Date: 15-Aug-2024 09:43) Posted:
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Used to be covered by a few brokerage firms
The coverage stopped after the company entered into restructuring
With the debt issue / restructuring now over
Company now postive NAV
Stable earnings (excluding one-off items) from Ops for 2 consecutive quarters, with positive guidance on the biz outlook
Hopefully, the Analysts, one by one can resume coverage for NamCheong
The coverage stopped after the company entered into restructuring
With the debt issue / restructuring now over
Company now postive NAV
Stable earnings (excluding one-off items) from Ops for 2 consecutive quarters, with positive guidance on the biz outlook
Hopefully, the Analysts, one by one can resume coverage for NamCheong
superstartup ( Date: 14-Aug-2024 12:50) Posted:
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Current share price..25.5 CTS..
IH profit is 7.2 CTS...extrapolate into 1 heR..14.4 CTS???
PE now 25.5/14.4..
What less then 2...1.77 huh??
..sure or not????
Dyodd....like that how not to Cheong??
superstartup ( Date: 14-Aug-2024 12:50) Posted:
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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
(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:
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With so much profits, easily can hit 30c within this week ... 👍 👍
tohchinhwee ( Date: 14-Aug-2024 08:11) Posted:
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Nam Cheong' s 1HFY2024 net profit surges due to debt waiver
Offshore service vessel (OSV) provider Nam Cheong announced a y-o-y surge in net profit to RM635.8 million in 1HFY2024 for the six months to June 30. compared to RM31.7 million for 1HFY2023, primarily attributable to the waiver of debts.
Revenue rose by 12% y-o-y to RM312 million, and gross profit increased by 87% y-o-y to RM146.0 million, mainly driven by improved daily charter rates and higher utilisation of larger vessels.
In Malaysia, the national oil company Petronas is ramping up its upstream spending, with a focus on growing E& P activities to enhance domestic oil and gas output. Recently, Petronas has taken further steps by signing multiple agreements with various oil and gas companies for the development of 12 offshore fields. The rise in offshore operations, coupled with the tight supply of OSVs is expected to support the improvement in daily charter rates in 2025.
Despite ongoing macroeconomic headwinds, the outlook in the O& G market continues to favour the Group. Leveraging our proven track record in the domestic OSV chartering sector, the Group is working on capitalising on the expanding offshore O& G market and positioning ourselves for long-term growth.
Yes. Remove all the debt restructuring etc.
And then focus on the net profit from their daily ops. This is my point.
The earnings from their daily ops is quite high too, compared to other counters
And then focus on the net profit from their daily ops. This is my point.
The earnings from their daily ops is quite high too, compared to other counters
bernardc ( Date: 14-Aug-2024 09:20) Posted:
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Hohoho
52 million forgiven..
superstartup ( Date: 14-Aug-2024 09:16) Posted:
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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
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
Profit great may hit 0.30 cents
If can hit $0.19 later and hold for the day, next few days will big Chong. Above $0.20 anytime
SmallSmall ( Date: 18-Jul-2024 14:17) Posted:
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This one finally breakout? 2nd SS also finished selling his holdings?
This one I like but very volatile.
Shares may have changed hands into another group.
Was surprised despite both RHB and one individual SS who had sold off all their stocks this one actually moved up faster than I expected.
Next big play I believe
This one I like but very volatile.
Shares may have changed hands into another group.
Was surprised despite both RHB and one individual SS who had sold off all their stocks this one actually moved up faster than I expected.
Next big play I believe
wah still dumping..
tbh.. NC price at 150-160 was very well absorbed by buyers.. RHB sold the whole chunk and that price was quite stable throughout.. meaning could be left hand to right hand??
LETS see..
LETS see..
nice gottta it at 153 200 lots.. lets go!
TraderBen ( Date: 09-Jul-2024 10:49) Posted:
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Yup RHB should be more or less done with most of the selling.
Just left another individual shareholder Saw Wei Jie. He had 19.4m shares remaining as at 02/07.
Total volume since then till today is almost 17mil. So just another couple more days left to absorb his shares
Just left another individual shareholder Saw Wei Jie. He had 19.4m shares remaining as at 02/07.
Total volume since then till today is almost 17mil. So just another couple more days left to absorb his shares
i think RHB is almost done with selling alrdy.. i am getting on board..
Based on my computation, RHB still have a couple of millions left to sell. Let them complete first.
RHB Last holding 17 mil as at 21-06-2024.
22-06-2024 to now total cumulative volume is 14 mil.
Assuming all sellers volume came from RHB last 11 days (not realistic also) they still have about 3 mil shares left to unload.
Give and take another few days would be ideal to buy depending on the trade volume distribution
RHB Last holding 17 mil as at 21-06-2024.
22-06-2024 to now total cumulative volume is 14 mil.
Assuming all sellers volume came from RHB last 11 days (not realistic also) they still have about 3 mil shares left to unload.
Give and take another few days would be ideal to buy depending on the trade volume distribution
u see the trade gap.. 150 to 160 less than 100 lots..
Stocky901 ( Date: 02-Jul-2024 15:32) Posted:
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165 coming ？ 😀 Something's brewing?🥇
Stocky901 ( Date: 27-Jun-2024 15:16) Posted:
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