Nam Cheong   

Nam Cheong

just sit back and hold

 

????

 

Wahahahahahahahha!!!!!!

 

Will it go up even higher?

 

nah, im a newbie investor.. just feeling more cautious in a very bullish market sentiment, so was taking note of some events that may cause reversal in market sentiment.. well i think may 19th not much of issue already, since no significant impactful news about it

tea444u      ( Date: 19-May-2013 15:07) Posted: ic .... you know a lot leh...respect... thanks for sharing...many will thank you too... nqing87      ( Date: 19-May-2013 01:16) Posted: this date is supposedly to be the day where the US politicians are to address the debt ceiling issue.. but apparently Freddie & Fannie given their profits to govt, making them able to avoid hitting ceiling now & can last until around september, hence kicking down the can to around september.. so probably ppl wont see this as a damper to market sentiment for now, unless we see changes.. im just a little concern with major event that could happen & trigger a reverse in market sentiment.. whether it will happen or not is not within what i can predict.. cos right now everyone chiong stocks & stocks are overbought in my opinion, and i dont see the 15000 dow jones index as justified to their current economic situation.. having keep hitting record high should mean the economy already recover (not even talking about good growth), but obviously it is not so yet.

 

ic .... you know a lot leh...respect... thanks for sharing...many will thank you too...

nqing87      ( Date: 19-May-2013 01:16) Posted: this date is supposedly to be the day where the US politicians are to address the debt ceiling issue.. but apparently Freddie & Fannie given their profits to govt, making them able to avoid hitting ceiling now & can last until around september, hence kicking down the can to around september.. so probably ppl wont see this as a damper to market sentiment for now, unless we see changes.. im just a little concern with major event that could happen & trigger a reverse in market sentiment.. whether it will happen or not is not within what i can predict.. cos right now everyone chiong stocks & stocks are overbought in my opinion, and i dont see the 15000 dow jones index as justified to their current economic situation.. having keep hitting record high should mean the economy already recover (not even talking about good growth), but obviously it is not so yet.. tea444u      ( Date: 18-May-2013 23:45) Posted: here another one..what aboUT mAY 19??? whats with all these dates thingy???

 

this date is supposedly to be the day where the US politicians are to address the debt ceiling issue.. but apparently Freddie & Fannie given their profits to govt, making them able to avoid hitting ceiling now & can last until around september, hence kicking down the can to around september.. so probably ppl wont see this as a damper to market sentiment for now, unless we see changes.. im just a little concern with major event that could happen & trigger a reverse in market sentiment.. whether it will happen or not is not within what i can predict.. cos right now everyone chiong stocks & stocks are overbought in my opinion, and i dont see the 15000 dow jones index as justified to their current economic situation.. having keep hitting record high should mean the economy already recover (not even talking about good growth), but obviously it is not so yet..

tea444u      ( Date: 18-May-2013 23:45) Posted: here another one..what aboUT mAY 19??? whats with all these dates thingy???? nqing87      ( Date: 13-May-2013 22:45) Posted: im shunning away from stocks now until i get clearer picture of may 19.. if smth goes wrong with those politicians, then maybe able to pick durian lol.. few days wait.. anyway namcheong is for holding imo.. climb like snail one unless BB pus

 

here another one..what aboUT mAY 19??? whats with all these dates thingy????

nqing87      ( Date: 13-May-2013 22:45) Posted: im shunning away from stocks now until i get clearer picture of may 19.. if smth goes wrong with those politicians, then maybe able to pick durian lol.. few days wait.. anyway namcheong is for holding imo.. climb like snail one unless BB push jiejie      ( Date: 13-May-2013 22:38) Posted: should invest in some lots.  i have invest in quite a lot.   Recently, the dividend is gd too.

 

very good returns for a growth stock

gd luck dyodd.. business returns as good as Vard.

ozone2002      ( Date: 28-Aug-2012 10:01) Posted: been advocating this stock since Jun.. finally it's above 20c.. & top volume.. DBS also aggressively promoting this stock.. gd fundamentals.. gd margins.. gd luck dyodd.. ozone2002      ( Date: 22-Jun-2012 09:37) Posted: buy on dip.. fundamentals still strong.. price weakness is an opportunity to enter.. gd luck dyodd..

 

Not a bad performance for this Week. When DBS put a " Buy" call to it.  It will surely be in a rally.

 

 

go nam cheong! i have kept faith with u!

 

finally they raise their TP.. i was wondering how come TP still like around 30cents when there are so many orders coming in.. 

jiejie      ( Date: 16-May-2013 22:48) Posted: Position for strong quarters ahead . As we fine tune our model to adjust for the larger FY14 ne wbuilding schedule, faster than expected vessel sales and the built-to-order contracts, we revise up our net profit estimates for FY13/14 by 4%/ 14%. Our TP, pegged to 10x blended FY13/14 earnings, is raised to S$0.36. Maintain BUY. Expect catalysts from further contract wins and a substantially stronger 2Q13 report card. - DBS Vickers

 

Position for strong quarters ahead . As we fine tune our model to adjust for the larger FY14 ne wbuilding schedule, faster than expected vessel sales and the built-to-order contracts, we revise up our net profit estimates for FY13/14 by 4%/ 14%. Our TP, pegged to 10x blended FY13/14 earnings, is raised to S$0.36. Maintain BUY. Expect catalysts from further contract wins and a substantially stronger 2Q13 report card. - DBS Vickers

 

supposedly the democrats & republicans are to come up with a deal or smth to address their debt issue.. but anyway, even if they do not have resolution, they wont hit the ceiling until september as what they claim, as Freddie & Fannie sending their profits to the govt to avoid hitting ceiling right now.. now market sentiment seems to be so hot, even bad news is perceive as good news.. yesterday got news that US manufacturing output drop, but this become perceived as speculation of continue stimulus & dow continue to rise.. so probably even if they dont come with resolution, probably market sentiment wont get affected much, thanks to media giving investors the impression that US is on the recovery track, though if u think about it, their " recovery" is rather artificial & not sustainable & depends on the printing of money to sustain their growth.. but well, logical thinking cannot win market sentiment which may be illogical.. have to go with the tide & not fight against market.. since it's already so near to 19th, i might as well camp around and hope media decide to make a big hoohah if they are unable to have a resolution.. hope that market takes this chance for a correction, & i can pick durians 

teny123      ( Date: 16-May-2013 21:34) Posted: hi  nqing87  ,   anything happen on 19 may?

 

hi  nqing87  ,

  anything happen on 19 may? 

 

Went up quite a bit today, hope it will go up even further.

advise to jump onboard the ship before its too late!!

 

Nam Cheong Limited announced that it has sold five vessels worth a total of US$110.0 million. One 12,000 brake horsepower (bhp) Anchor Handling Towing Supply (AHTS) vessel was sold to a new customer based in Indonesia. Meanwhile, four Platform Supply Vessels (PSVs) were sold to an existing customer, a leading oilfield services company based in Asia. “We are also glad to be securing a new customer in Indonesia and expanding our customer base. The country is expected to lead the region on offshore oil and gas expenditure, so we are optimistic about exciting prospects developing on the Indonesian front. As a testament to our long-standing relationship with our existing customer based in Asia, we are also pleased to be supplying them with the four PSVs,” said Leong Seng Keat, Nam Cheong’s Executive Director. Since the start of the year, the group has sold a total of 13 vessels. Nam Cheong’s orderbook reaches RM1.7 billion with this latest win. (Closing price: S$0.255, -%) [Philips Capital]

 

im shunning away from stocks now until i get clearer picture of may 19.. if smth goes wrong with those politicians, then maybe able to pick durian lol.. few days wait.. anyway namcheong is for holding imo.. climb like snail one unless BB push

jiejie      ( Date: 13-May-2013 22:38) Posted: should invest in some lots.  i have invest in quite a lot.   Recently, the dividend is gd too.

 

should invest in some lots.  i have invest in quite a lot.  

Recently, the dividend is gd too.

 

 

logically it should go up, but still need to see the face of u all lol.. see if it interests ppl to push price up.. not vested, yet..

jiejie      ( Date: 13-May-2013 21:36) Posted: Any links to view the DBS report on nam cheong?   anw, how many lots are you all holding to nam cheong? it will definitely go up