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SSH selling,, they dump most of the shares today..
Better stay out..
Stocky901 ( Date: 24-Jun-2024 17:18) Posted:
| hahaha chow durians no buyers can't move up price.. waiting for forced sellings tomorrow haha |
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hahaha chow durians no buyers can't move up price.. waiting for forced sellings tomorrow haha
Hahaha see if got thumbs down means some missed boats haha..
TraderBen ( Date: 24-Jun-2024 15:12) Posted:
u and that noob same person issit? hahaha
Stocky901 ( Date: 24-Jun-2024 14:56) Posted:
| Add queue buy 159 wait for force selling.. cheap durians sales.. 😁 👍 |
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u and that noob same person issit? hahaha
Stocky901 ( Date: 24-Jun-2024 14:56) Posted:
| Add queue buy 159 wait for force selling.. cheap durians sales.. 😁 👍 |
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Add queue buy 159 wait for force selling.. cheap durians sales.. 😁 👍
the vol done today...looks huat lol...4888
Im in this too. its recent financial 'tok gong'. just secured my tickets yesterday. happily waiting. cheers.
Can hear the engine roaring alrdy.. buy and get ready for rocket!
Can requeue at lower bids?👍 🤐 🤫
Stocky901 ( Date: 21-Jun-2024 13:20) Posted:
| This Lan Cheog suddenly got volumes.. something is brewing?🤔 🤔 |
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This Lan Cheog suddenly got volumes.. something is brewing?🤔 🤔
No buyers? Dropping everyday?🤐 Exit and move to support REX.. See how 🤫
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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Time for Nam cheong to cheong?? Weak holders out now..
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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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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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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Chill now.. waiting for good news.. about time to announce new contract win?🥇 🥇
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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Why everyday dropping? 😢 Thought they have more than RM 1.5B of order book 🤔 🤔
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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