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laggard....
Good to see KH stay above 10cts. Should catch up with current O&G momentum.
yup.. uob fledgings inside.. should be good.. matter of time..
Laggard and vested. Reckon KH should breakout soon.
Kim Heng signs MOU with KOMS to co-operate offshore windfarm, offshore projects
Kim Heng announced that its wholly-owned subsidiary Kim Heng 5G2 - Offshore & Marine has entered into a non-binding memorandum of understanding (MOU) with KOMS to co-operate in relation to offshore windfarm projects and other offshore projects in South Korea.
Pursuant to the MOU, it shall remain in force for a period of five years, subject to renewal by mutual agreement. Each party may terminate this MOU by providing thirty days&rsquo notice to the other party.
KOM is a leading offshore global solution provider, offering engineering, procurement and Commissioning (EPC) services including but not limited to offshore field development, pipe laying, subsea structure, transport & installation, modifications, upgrades, operation, maintenance, decommissioning and removals of rigs.
The group says that it will provide the necessary updates as and when there are material developments to the MOU and/or execution of a definitive agreement.
XD and in the green. This will be testing new high soon but pls dyodd.
need abit of patience.. actually it is moving up slowly le.. not like mermaid.. not moving at all.. jus few mths back kim heng and mermaid about the same price ard 8 cents
let see whther it will break up later....
rayyeo ( Date: 09-May-2023 10:34) Posted:
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watch CEO Kim Heng, Thomas Tan giving his views on the Offshore Oil & Gas / Wind Farm
Tuesday, 25th April 2023
https://www.youtube.com/watch?v=XR_K6USY18U& t=1243s
Tuesday, 25th April 2023
https://www.youtube.com/watch?v=XR_K6USY18U& t=1243s
Kim Heng awarded additional contract worth US$7.8 mil
Kim Heng Shipbuilding and Engineering (KHSE), a wholly-owned subsidiary of Kim Heng 5G2 0.93% has been awarded an additional variation contract totaling US$7.8 million ($10.33 million).
KHSE will provide design, engineering, modification and shipbuilding for a marine-based asset, with the project expected to be completed by the fourth quarter of 2024.
&ldquo The group remains well positioned and equipped with shore-based marine assets and offshore vessels that enable us to leverage our knowledge in the offshore renewable industry throughout Asia and the US to support the global energy transition towards a sustainable future&rdquo , says Thomas Tan, executive chairman and CEO.
Barring unforeseen circumstances, Kim Heng expects the contract to contribute positively to its earnings per share and net tangible assets for FY2023 and FY2024 ending 31 December 2023 and 31 December 2024.
going up ....
TraderBen ( Date: 09-May-2023 08:32) Posted:
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i would think will gap up too much.. usually in SGX.. this kind of news is sell on news.. looking at the strong buy ups recent weeks.. so any dip is a good chance to enter kim heng for the mid term hold.. i would say O& M counters are likely to make a comeback in the later half this year ..purely roatational play i supposed..
PQTPQK ( Date: 09-May-2023 05:48) Posted:
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Good news!! Should gap up later ?
TraderBen ( Date: 08-May-2023 19:19) Posted:
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https://links.sgx.com/1.0.0/corporate-announcements/DGF8C6KQKZE7K90A/758228_Announcement%20on%20Contract.pdf
Yup, bought 109 already
PQTPQK ( Date: 05-May-2023 16:07) Posted:
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seem like coming ??
O& M play coming soon. board 1st and wait
thanks. it seem it will test the previous high soon ....
TraderBen ( Date: 26-Apr-2023 15:26) Posted:
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from my pov.. i would say yes.. my target price is actually 20 cents within 6-8 months..this year will be the turnaround year for Offshore marine companies.. there are quite a few choices in SGX..
but stil DYODD.. dont follow blindly..
but stil DYODD.. dont follow blindly..
PQTPQK ( Date: 26-Apr-2023 15:04) Posted:
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can buy at this level ?