Post Reply
21-40 of 117
One of the last osv that is going to burst!
CH Offshore just Buy
1. Ultra-low valuation, priced for failure
At just SGD 0.015, CH Offshore?s market cap is only ~SGD 31m, with enterprise value even lower (~SGD 17?18m). The stock is already heavily punished, leaving little downside and plenty of upside if conditions improve.
2. Cash-rich balance sheet after rights issue
The ongoing 2-for-1 rights issue will raise ~SGD 14m, giving CH Offshore a net cash position of ~SGD 17?18m. This financial cushion lowers bankruptcy risk and provides flexibility to grow.
3. Signs of turnaround profitability
After years of red ink, CH Offshore turned profitable in FY2024 (US$1.3m net profit, ~US$7m EBITDA). Cost cuts and asset rationalisation are starting to bear fruit, pointing to sustainable recovery.
4. Strategic backing from Baker Technology
With Baker Tech owning ~55%, CH Offshore has strong parent support, access to vessel resources, and alignment of management incentives ? a key edge over other small offshore service players.
5. Sector recovery tailwinds
The offshore & oilfield services market is in recovery, with rising energy exploration and subsea demand. Lean players like CH Offshore stand to benefit disproportionately if vessel charter rates strengthen.
QueenMaya ( Date: 06-Oct-2025 09:17) Posted:
|
The time has come for this trading at only 0.5 book.
joe1991 ( Date: 03-Oct-2025 17:28) Posted:
|
Shameful....my friend in the 80s during clob time ...made 50k with this stock. In one instance..look at it now..already months stuck at this price...its a joke
Next stop is 16, 18, .....20
No more selling to 15?
superstartup ( Date: 02-Oct-2025 10:13) Posted:
|
Still habour 15/16... sellers fast sell.
when the boat rock, hopefully is forward
🙏 🏻
when the boat rock, hopefully is forward
🙏 🏻
MarcLim ( Date: 08-Sep-2025 21:57) Posted:
|
15 keep getting topped up.
Lure or accumulation?
( Please do your own DD )
Lure or accumulation?
( Please do your own DD )
superstartup ( Date: 25-Sep-2025 16:36) Posted:
|
Wolf Money(portfolio update end Sept 2025)part 2 long post (CH Offshore related)
Ho Ho Ho!!& hellip . Santa has no gift
Mdm. Ho Ching reminds new buyers of older HDB flat not to expect generous benefits from government policies when the VERS is launched. They shouldn& rsquo t expect leases on the flats to be extended at a favourable term too& hellip
https://lonewolfinvestor.blogspot.com/2025/09/wolf-moneyportfolio-update-end-sept_30.html?m=1
Ho Ho Ho!!& hellip . Santa has no gift
Mdm. Ho Ching reminds new buyers of older HDB flat not to expect generous benefits from government policies when the VERS is launched. They shouldn& rsquo t expect leases on the flats to be extended at a favourable term too& hellip
https://lonewolfinvestor.blogspot.com/2025/09/wolf-moneyportfolio-update-end-sept_30.html?m=1
Careful fund selling
Bought a bit over here.
Turn around company.
Now profitable from Ops.
Price at current level for a while.
Turn around company.
Now profitable from Ops.
Price at current level for a while.
Wolf Money(CH Offshore Ltd)
https://lonewolfinvestor.blogspot.com/2025/09/wolf-moneych-offshore-ltd.html
Hopefully they can get more contract like Nam Cheong 
joe1991 ( Date: 10-Sep-2025 20:09) Posted:
|
If lim N tan NVR recommend to buy...N being broadcast by nextinsight , nobody will get injured here
Pity those sharholders that subscribed to the rights 
hope the management just take the company private
hope the management just take the company privatemoney4life ( Date: 10-Sep-2025 09:44) Posted:
|
Without BB to buy up, do not think it will move. Hope not just lookinbg into earnings but look at their assets taking away liabilities. Is pretty attractive 
New buyers on board.
Hope new ship sail smoothly to 18, then 20 moon 24/25.
Huat all soon🙏 🏻
Hope new ship sail smoothly to 18, then 20 moon 24/25.
Huat all soon🙏 🏻
MarcLim ( Date: 18-Jul-2025 15:23) Posted:
|
Oh gosh! What happened to its share price today?
CH Offshore could be an &lsquo overlooked gem&rsquo : Lim and Tan Securities
Linus Loo, analyst at Lim and Tan Securities, has identified offshore and marine player (O& M) CH Offshore to be an &ldquo ideal privitisation candidate&rdquo in a non-rated report dated July 18.
The company owns and charters six 12,240 brake horsepower (BHP) vessels that are equipped for heavy offshore work in deep sea areas. These vessels operate across the globe from Mexico, Africa, India to Southeast Asia, supporting oil and gas majors and oil field contractors.
On May 19, CH Offshore conducted a rights issue, offering existing shareholders the opportunity to purchase 1,409,785,028 new shares at a discounted price of one cent per share, with a two-for-one ratio.
The rights issue has raised $14 million and boosted CH Offshore&rsquo s balance sheet into a net cash position of more than $17 million, accounting for about 55% of its current market cap of $31.5 million.
&ldquo This cash will be used to expand their current fleet and take advantage of the higher charter rates seen in today&rsquo s market. Although the rights were highly dilutive, it was oversubscribed by 175%, indicating the robust interest in CH Offshore&rsquo s shares,&rdquo writes Loo.
Notably, the company has been on the Singapore Exchange&rsquo s (SGX) watchlist since June 6, 2023, after incurring losses for three consecutive financial years.
Loo adds that post rights issue, CH Offshore is &ldquo extremely undervalued&rdquo , as the stock trades at only 0.4 times price-to book ratio (P/B) and 1.6 times enterprise value (EV)/ earnings before interest, taxes, depreciation and amortisation (ebitda), with a net cash position of $17.5 million making up around 55% of its market cap.
Its EV and ebitda represents a discount of 70% and 58% to its peers respectively.
Presently, oil and gas company, Baker Tech, owns and controls 55% of CH Offshore, with CH Offshore remaining &ldquo strategically important&rdquo to Baker Tech, as it operates some of the vessels built by the group.
At a market value of &ldquo only&rdquo $32 million, Loo notes that Baker Tech would &ldquo only need to come up&rdquo with $14.2 million to take full control of the O& M player.
Loo writes: &ldquo With CH Offshore&rsquo s current net cash position of $17.5 million, it would make this exercise a self-funding one for Baker Tech at current price.&rdquo
Even assuming a 33.3% premium at two cents a share, he adds, CH Offshore&rsquo s market cap would be $42 million and Baker Tech would only need to fork out $18.9 million for a 45% share.
On an operational basis, Baker Tech designs and builds vessels as well as off shore oil and gas modules and components, while CH Offshore charters, operates and owns anchor handling tug supply (AHTS) vessels. CH Offshore has also been contracted by Baker Tech to manage its lift-boat, having been paid a management fee.
&ldquo With Baker Tech&rsquo s robust balance sheet and CH Offshore playing a strategic role in Baker Tech&rsquo s operations, it makes financial and strategic sense for Baker Tech to try to take full control of CH Offshore,&rdquo writes Loo.
He adds: &ldquo Baker Tech could channel its oil and gas and wind farm customers to CH Offshore for marine support services, while CH Offshore can leverage Baker Tech&rsquo s manufacturing capabilities for its fleet expansion, potentially at the most competitive pricing available.&rdquo
Risks noted by Loo include a downturn in the oil and gas industry, which would affect charter rates and demand for CH Offshore&rsquo s AHTS vessels.
Another risk is an increase in the free float of shares. CH Offshore&rsquo s latest rights issue has resulted in a 66% increase in free float coming into the market. Investors have subscribed for the rights at one cent, potentially resulting in an overhang to the stock&rsquo s share price performance in the short-to medium-term as CH Offshore&rsquo s share currently stands at 1.5 cents as at July 18.
Huat all.
break 20 and more 🙏 🏻
break 20 and more 🙏 🏻
bernardc ( Date: 18-Jul-2025 12:31) Posted:
|