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Nam Cheong 2H Annt 2025_Final.ashx
General Announcement::NAM CHEONG CLINCHES US$64.5 MILLION SHIPBUILDING CONTRACTS FROM AN ESTABLISHED UAE BASED COMPANY
Strong earnings recovery in 2H 2025.
- Higher fleet utilization and longer-term contracts.
- Shipbuilding contract win signals
early recovery in newbuild demand.
- Strategic fleet recycling and cost discipline are positive.
Above all, Accumulated losses turn positive or become retained earnings which will allow it to pay dividends in next coming FY. When oil price rises, OSV upstream will have more capex to spend and NC will benefit from the higher charter rates plus its
Miri shipyard contracts will have a signifcant positive contribution to this coming FY 26 earnings.. Per extract from announcement: " All four OSVs will be fully constructed in-house at the Group&rsquo s Miri Yard in Sarawak, Malaysia. These contract-wins reflect the Group&rsquo s strengthened shipbuilding capabilities developed over 60 years, while also showcasing the customer&rsquo s strong trust and confidence in the Group&rsquo s proven track record built over decades. Subject to the fulfilment of the conditions of the contracts, the contracts are expected to contribute positively to the Group&rsquo s earnings for the financial year ending 2026 to 2028 ."
Superundervalued compared to its peers. Will be a phoenix prepare to rise soon. Accumulate within your means ...
Royal flush and now reversing.. WATCH....
&lsquo More to come!&rsquo &mdash DBS and CGSI analysts positive on Nam Cheong after US$64.5 mil newbuild contract win
DBS and CGSI analysts are positive on Nam Cheong after its US$64.5 million newbuild contract win. They expect the contract to contribute significantly to Nam Cheong&rsquo s earnings in FY2026 and FY2027, driven by a buoyant OSV resale market and the company&rsquo s strategic position in the offshore upcycle. Both analysts maintain their buy ratings on Nam Cheong shares.
this news dont seem to make it chiong rather it drop???
Only chiong for 1 day yesterday now back to 1.3 series.... when can see the 1.4 series again??
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Nam Cheong secures US$64.5 mil newbuild OSV contracts
Nam Cheong secured US$64.5 million in contracts to build four offshore support vessels, including two unmanned remote-operated landing crafts and two dive support vessels. The vessels will be built in Sarawak, Malaysia and delivered in 2027 and 2028. This marks Nam Cheong& rsquo s first shipbuilding contract wins in over a decade.
Nam Cheong secures US$64.5 mil newbuild OSV contracts
Nam Cheong secured US$64.5 million in contracts to build four offshore support vessels, including two unmanned remote-operated landing crafts and two dive support vessels. The vessels will be built in Sarawak, Malaysia and delivered in 2027 and 2028. This marks Nam Cheong&rsquo s first shipbuilding contract wins in over a decade.
1.50 the next target. Morning gap up and subsequentley a royal flush by the ang mo brokers - ML< MS< GOldman to scare the contra off to profit take> it has reorg for the next Plateau> > >
Shortists beware... Breaking new time high today... Red packet coming ..No brainer .. just long...
Nam Cheong secures US$64.5 million shipbuilding contract, its first in over a decade - The Business Times
[SINGAPORE] Nam Cheong has secured a US$64.5 million contract for four offshore support vessels (OSVs), marking its first newbuild win in over 10 years, the offshore marine group said on Tuesday (Feb 24).
The order was placed by an &ldquo established United Arab Emirates-based energy maritime logistics company&rdquo , as newbuild demand gradually gains momentum, the group said.
The contract involves two 60-metre dive support vessels (DSV) and two 60-metre remote operated landing crafts (ROLC).
All four units will be constructed in-house at the group&rsquo s Miri Yard in Sarawak, Malaysia, with deliveries scheduled for the second half of 2027 and early 2028.
The vessels will support the customer&rsquo s ongoing exploration and production activities, said Nam Cheong.
Technical specifications
The ROLCs represent a significant technical pivot for the yard, and are the first of their kind &ldquo cutting-edge vessels&rdquo to be built globally, said the company.
The vessels will be completely unmanned and operated via satellite connection from a shore station. The design features built-in auto-docking capability for crewless functionality.
Meanwhile, the DSVs are made for complex operations in harsh open-water conditions, including tasks such as diving support, remotely operated vehicle support and underwater maintenance.
Financial impact
The deal arrives as global oil majors signal increased confidence through mega-project investments, and the existing global OSV fleet &ndash averaging 15 to 16 years of age &ndash approaches a critical replacement cycle.
Recent decisions by the Organization of the Petroleum Exporting Countries to hike oil production for the eighth consecutive month through November 2025 have further stabilised demand visibility, as the alliance seeks to regain market share and support economic growth.
&ldquo This marks the beginning of the resurgence in demand for our shipbuilding activities after more than a decade,&rdquo said chief executive officer Leong Seng Keat.
If the conditions of the contracts are met, they are expected to contribute positively to the group&rsquo s earnings for the financial year ending 2026 to 2028.
Shares of Nam Cheong ended at S$1.33 on Monday, up S$0.03 or 2.3 per cent.
Shipbuilder Nam Cheong rises on US$19.8 million vessel sale
The 11-year-old, 3,000 deadweight tonnage vessel was sold to an Indonesian customer
[SINGAPORE] Shares of Nam Cheong : 1MZ +9.26% rose S$0.10 or 9.3 per cent in intraday trading to hit S$1.18 at 10.13 am on Tuesday (Jan 27), a day after the offshore marine group announced the sale of a platform support vessel for US$19.8 million.
The mainboard-listed company announced on Monday that it had entered into an agreement with an Indonesian customer to sell an 11-year-old, 3,000 deadweight tonnage vessel. The vessel is intended for immediate deployment to support the customer&rsquo s ongoing operations.
The release did not identify the Indonesian customer.
Nam Cheong noted that the transaction aligns with a &ldquo pickup in offshore activities in Indonesia&rdquo . Investments in the country&rsquo s upstream oil and gas sector reached a decade-high of US$7.19 billion in the first half of 2025, representing a 28.6 per cent increase year on year.
The group expects the sale to contribute positively to its earnings for the financial year ending Dec 31, 2026. The net proceeds from the disposal will be redeployed to accelerate debt repayment and fund working capital needs, Nam Cheong said.
Following the sale, Nam Cheong will manage a fleet of 36 offshore support vessels with an average age of nine years. The group stated that this &ldquo relatively young fleet&rdquo provides a runway to generate recurring chartering income or to monetise assets at opportune times to advance capital recycling.
Nam Cheong chief executive Leong Seng Keat said the group is currently in a &ldquo sweet spot&rdquo , supported by its complementary chartering and shipbuilding businesses.
&ldquo We have the optionality to generate recurring income through the monetisation of our older vessels via ship sales or continue to generate revenue with our chartering services,&rdquo Leong said. &ldquo At the same time, with the resumption of our shipbuilding business, we have the capability of external vessel sales or expanding our ship chartering fleet&rdquo .
The vessel delivery is expected to be concluded in the first quarter of 2026.
Nam Cheong sells vessel for US$19.8 million second sale in a month
Nam Cheong has sold a vessel to an Indonesian customer for US$19.8 million, as part of its " fleet reprofiling" moves.
The company says that the sale of this 11-year-old, 3,000 deadweight tonne platform support vessel, to be completed within this quarter, will contribute positively to its current FY2026 earnings.
Nam Cheong plans to use net proceeds from the sale to reduce debt and for working capital.
With this sale, the company will manage a total of 36 offshore support vessels with an average age of 9 years.
" The relatively young fleet provides the group with a long runway to generate recurring income from charter contracts, or monetisation at opportune times to advance capital recycling," the company says.
Around a month earlier, the company had sold a slightly larger vessel for US$20.5 million.
&ldquo I believe that we are at a sweet spot supported by our complementary OSV chartering and shipbuilding businesses," says CEO Leong Seng Keat.
" We have the optionality to generate recurring income through the monetisation of our older vessels via ship sales or continue to generate revenue with our chartering services," he adds
According to Leong, with Nam Cheong resuming its shipbuilding activities, it can then choose to either sell or charter the vessels.
" We believe this dual-pronged strategy will not only advance growth momentum with stronger cash flows but also unlock shareholder value over time," says Leong.
very nice. $1. blue chip family
Nam Cheong sells vessel for US$20.5 million to Vietnam firm
The sale is expected to contribute positively to the group&rsquo s earnings for the financial year ending 2025
[SINGAPORE] Malaysian offshore support vessel builder Nam Cheong will sell a 4,000 deadweight tonnage platform supply vessel for US$20.5 million to a Vietnam-based offshore and marine group.
The vessel is scheduled for delivery in December 2025 and the sale is expected to contribute positively to the group&rsquo s earnings for the financial year ending 2025, the Singapore-listed company said in a bourse filing on Wednesday (Dec 24).
Net proceeds from the sale will be redeployed primarily to support the group&rsquo s shipbuilding activities, either for external sales or to support fleet expansion &ldquo to grow the recurring income base&rdquo , Nam Cheong said. This will depend on &ldquo prevailing opportunities&rdquo .
The Sarawak-based offshore support vessel provider said the divestment is part of its fleet reprofiling initiatives, which aim to divest ageing vessels at opportune timing and pricing, while supporting efficient capital recycling for its in-house shipbuilding operations.
&ldquo Our strong OSV (offshore support vessel) shipbuilding heritage and established global clientele base allow us to identify and capitalise on market opportunities for vessel monetisation,&rdquo said chief executive Leong Seng Keat. This will enable the group to capture earnings upsides through the sale of existing aged vessels, he added.
should test 0.80 soon ....
Joelton ( Date: 15-Sep-2025 14:12) Posted:
Nam Cheong
On Sep 4, Nam Cheong CEO Leong Seng Keat increased his deemed interest from 0.17 per cent to 0.24 per cent following the acquisition of 277,000 shares by his wife at S$0.71951 per share. This brought his total interest to 3.8 per cent.
Leong joined the group in 2005. He leads the management team in driving the group&rsquo s vision, global market expansion and innovation in fuel-efficient vessels. He oversees corporate strategy, works closely with management to grow market share, and liaises with the board.
In 2016, he established SKOM, adding a ship management arm to the group. Under his leadership, the group has become a proven vessel operator with about 30 active vessels.
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Nam Cheong
On Sep 4, Nam Cheong CEO Leong Seng Keat increased his deemed interest from 0.17 per cent to 0.24 per cent following the acquisition of 277,000 shares by his wife at S$0.71951 per share. This brought his total interest to 3.8 per cent.
Leong joined the group in 2005. He leads the management team in driving the group&rsquo s vision, global market expansion and innovation in fuel-efficient vessels. He oversees corporate strategy, works closely with management to grow market share, and liaises with the board.
In 2016, he established SKOM, adding a ship management arm to the group. Under his leadership, the group has become a proven vessel operator with about 30 active vessels.
quietly moving up to test the 80 cents again
If BO 795, first immediate target is 825 to 85..... next week within sight...
Nam Cheong Ltd forms bullish " Pennant" chart pattern
Sep 11, 2025
Trading Central
Nam Cheong Ltd forms bullish " Pennant" chart pattern
Sep 11, 2025
Trading Central has detected a " Pennant (Bullish)" chart pattern formed on Nam Cheong Ltd (1MZ:SGX-ST). This bullish signal indicates that the stock price may rise from the close of 0.760 to the range of 0.930 - 0.970. The pattern formed over 14 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: The price seems to be resuming a sharp rally after taking a brief pause.
A bullish Pennant pattern occurs during a dynamic market rally, representing a brief period of indecision before running off again in the same direction. The pattern consists of two converging trend lines with diminishing volume, and is confirmed when the price breaks through the upper boundary to resume the advance.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
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where is the old thread of nam cheong titled " rise of phoenix' ?
prefer that title as it totally resonates with nam cheong...
Patience pays!
Fair value $1.05 is looking cheap cos DBS Research estimates that is only only PE of 6X !!!!
makdatok ( Date: 22-Aug-2025 16:24) Posted:
Theres more to come..No intention to close yet
makdatok ( Date: 14-May-2025 09:41) Posted:
| Waiting for the day when rocket starts to ignite.....to the heaven |
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75 cents now, still big discount to fair value of $1.05 according to DBS Research.
https://www.nextinsight.net/story-archive-mainmenu-60/948-2025/16324-pacific-radiance-nam-cheong-positive-momentum-attracts-analyst-bullishnesschiachiawee ( Date: 30-Jun-2025 15:37) Posted:
| Dont worry. When they come, Its always fast and furious leaving no room for people to catch. The amount of contract win speaks for Nam Cheong and the earnings projection can be done easily for next 3 years, pending other potential upside with fleet to be deployed. Right now, sit tight and enjoy the show. Cheers. |
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