NamCheong
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Namcheong : strong and profitable - will cheong
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1Q was monsoon period, so some vessels not utilised and were instead sent for maintenance / repair.
Same story for other OSV players.
Nam Cheong, however, still managed a 20% year over year gain!
With monsoon over, the 2Q results will be really good.
https://www.nextinsight.net/story-archive-mainmenu-60/948-2025/16169-nam-cheongs-offshore-vessels-score-20-profit-boost-in-q1-set-to-be-busier-in-q2-q3#google_vignette
Strangely the price has been suppressed for two weeks and possible reason for that is the owner could be planning soem form of privatisation and thus any up surge is being shorted down or the upcoming next quarter results are underperforming which appears to be weak... Notwithstanding, the suppression cant no longer holds further as the oil price upward trajectory in view of Iran Israel military strikes that will engulf the whole middle east, choking the oil route passage and drag US/allies into this conflict. Once 52 is broken and the BBs start loading up, any form of suppression is futile and would be deadly for the shortists. WATCH for this to be pumped up to at least 65 and higher :):):)
stlimst ( Date: 14-Jun-2025 22:54) Posted:
How long more will the price of NamCheong be suppressed?
stlimst ( Date: 13-Jun-2025 19:20) Posted:
Oil price going up will generate the interest in all FPSO counters.
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How long more will the price of NamCheong be suppressed?
stlimst ( Date: 13-Jun-2025 19:20) Posted:
Oil price going up will generate the interest in all FPSO counters.
Stocky901 ( Date: 13-Jun-2025 11:07) Posted:
| Very weak recently.. 😔 😔 all no interest? |
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Oil price going up will generate the interest in all FPSO counters.
Stocky901 ( Date: 13-Jun-2025 11:07) Posted:
| Very weak recently.. 😔 😔 all no interest? |
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Very weak recently.. 😔 😔 all no interest?
Yes this new name was already there since Mar with some postings. It will have the price shown....
Yes.
The previous thread has the company name as " Nam Cheong" .instead of " NamCheong" .
So the pricing info was not shown.
Hopefully new thread also bring up the strong fundamental of NamCheong and give its share price a boost...hopefully only!
With oil price gaining strength, it is time for FPSO companies to gain momentum too.
TraderBen ( Date: 12-Jun-2025 23:43) Posted:
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Y start a new thread?
It is a matter of time NamCheong will regain its glory.
The company is doing great and profitable.
