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Nam Cheong

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kye_lin
    26-Aug-2025 11:10  
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Shortists? Pump and dump?
 
 
 
makdatok
    22-Aug-2025 16:24  
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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

 
 
muifan
    22-Aug-2025 13:41  
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say byebye to 7 series...

chiachiawee      ( Date: 21-Aug-2025 17:39) Posted:

Those who misled by the headline and fell into tricks and sold off at 60c, one moment of silence. Understand its prospect and the valuation it is priced at then you will know this is the BBs darling. Most importantly, read the financial well. Cheers.

chiachiawee      ( Date: 15-Aug-2025 11:13) Posted:

So long the prospect is promising, it doesn?t matter whether it is 50c, 60c, or 70c today, as long as the end goal is the same. Is just a matter of purchasing power. Cheers.


 

 
kye_lin
    21-Aug-2025 17:41  
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What rumour??

muifan      ( Date: 21-Aug-2025 17:17) Posted:

today move is because of a rumour
Until now company haven?t come out clarify

superstartup      ( Date: 21-Aug-2025 17:10) Posted:

There is another reason for the sell off then.
DBS Non-rated TP is based on PE 6, FY25 Forecast EPS SGD 0.17c. 
And NamCheong announced 1H25 earnings did not meet the earnings expectation (shortfall of nearly 30%).


 
 
chiachiawee
    21-Aug-2025 17:39  
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Those who misled by the headline and fell into tricks and sold off at 60c, one moment of silence. Understand its prospect and the valuation it is priced at then you will know this is the BBs darling. Most importantly, read the financial well. Cheers.

chiachiawee      ( Date: 15-Aug-2025 11:13) Posted:

So long the prospect is promising, it doesn?t matter whether it is 50c, 60c, or 70c today, as long as the end goal is the same. Is just a matter of purchasing power. Cheers.

 
 
muifan
    21-Aug-2025 17:17  
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today move is because of a rumour
Until now company haven?t come out clarify

superstartup      ( Date: 21-Aug-2025 17:10) Posted:

There is another reason for the sell off then.
DBS Non-rated TP is based on PE 6, FY25 Forecast EPS SGD 0.17c. 
And NamCheong announced 1H25 earnings did not meet the earnings expectation (shortfall of nearly 30%).

 

 
superstartup
    21-Aug-2025 17:10  
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There is another reason for the sell off then.
DBS Non-rated TP is based on PE 6, FY25 Forecast EPS SGD 0.17c. 
And NamCheong announced 1H25 earnings did not meet the earnings expectation (shortfall of nearly 30%).
 
 
trader1970
    21-Aug-2025 16:21  
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The headlines on the following day of its disappointed results announcement (not on a comparative analysis due to one-off gain in LY) has mislead 99% of the investors and BBs has managed to flush out weak holders by virtue of the drop in earnings media blast knowingly this will scare the shit out from the contrarian and short term holders. They have been collecting for the past 5 days and on the 6th day onwards, which is now, they advance without heavy obstacles to ride Ah Cheong to ATH and subsequently aiming towards 80 to 100... What a magnificent play indeed.. If you watch Pacific Radiance, isnt it posted similar results pattern like Ah Cheong but PR did not have such exhibit glaring headlines, thus allowing their BBs to pump it through the rooftop.. If compare PR and Ah Cheong, Ah Cheong has comparatively more positioned to fly higher.. So the more PR is flying higher, it will bring Ah Cheong higher too.. Don' t leave this multi-bagger out or you will regret...    smiley  We should consider the high probability of Ah Cheong clearing all its debts by end or early next year..wink
 
 
trader1970
    21-Aug-2025 15:19  
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BO 75... First target is 80...  WATCH  coolwink

trader1970      ( Date: 15-Aug-2025 16:51) Posted:

I concur... Both headlines are one sided and never exclude the one-off gain in the previous year as the same comparison yardstick for CY.  Given that this is a high beta stock with control public float unlike that of Wee Hur, when it start to roar back, do not get in the way or you ll get crushed.  To come back to 70 is chicken feet for the BBs.. Be patient and accumulate like them :):)  wink

kye_lin      ( Date: 15-Aug-2025 16:25) Posted:

Looks like similar pattern to Wee Hur... whacked down this morning to accumulate.. now recovering fast... turning  positive...


 
 
kye_lin
    21-Aug-2025 15:15  
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I wait for pull back then jeep again....
 

 
TraderBen
    21-Aug-2025 15:11  
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congrats.. good profits.. i am holding on to $1.00 hehe

kye_lin      ( Date: 21-Aug-2025 11:25) Posted:

Sold at 715... good run

 
 
kye_lin
    21-Aug-2025 11:25  
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Sold at 715... good run
 
 
trader1970
    15-Aug-2025 16:51  
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I concur... Both headlines are one sided and never exclude the one-off gain in the previous year as the same comparison yardstick for CY.  Given that this is a high beta stock with control public float unlike that of Wee Hur, when it start to roar back, do not get in the way or you ll get crushed.  To come back to 70 is chicken feet for the BBs.. Be patient and accumulate like them :):)  wink

kye_lin      ( Date: 15-Aug-2025 16:25) Posted:

Looks like similar pattern to Wee Hur... whacked down this morning to accumulate.. now recovering fast... turning  positive...

 
 
kye_lin
    15-Aug-2025 16:44  
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I meant Wee Hur..... if Nam Cheong turn positive.. I will be damn happy!
 
 
TraderBen
    15-Aug-2025 16:42  
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dont think it will turn positive la.. lol

kye_lin      ( Date: 15-Aug-2025 16:25) Posted:

Looks like similar pattern to Wee Hur... whacked down this morning to accumulate.. now recovering fast... turning  positive...

 

 
kye_lin
    15-Aug-2025 16:25  
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Looks like similar pattern to Wee Hur... whacked down this morning to accumulate.. now recovering fast... turning  positive...
 
 
trader1970
    15-Aug-2025 16:24  
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They&rsquo ve likely pushed the price down to accumulate. If you believe in the fundamentals, hold your position. With a strong order book and profitable long-term charter rates, the outlook remains solid. A recovery could come as early as next week&mdash stay patient, and you may reap the rewards soon.enlightenedwink

stlimst      ( Date: 15-Aug-2025 16:04) Posted:

yup, that' s the game syndicates and short-sellers play...all the time.
Especially good during reporting season.
SGX is too small a market.
Easily manipulated.

Good luck!!

muifan      ( Date: 15-Aug-2025 11:06) Posted:

thats the game :


 
 
chiachiawee
    15-Aug-2025 16:22  
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And if genuine investor do not think carefully and do proper due diligence and tricked into selling them looking at the artificial price plunge, that?s really the end game. Best is to assess the financial properly and have an idea of such price action, and do proper decision. Cheers.
 
 
stlimst
    15-Aug-2025 16:04  
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yup, that' s the game syndicates and short-sellers play...all the time.
Especially good during reporting season.
SGX is too small a market.
Easily manipulated.

Good luck!!

muifan      ( Date: 15-Aug-2025 11:06) Posted:

thats the game :)

TraderBen      ( Date: 15-Aug-2025 10:59) Posted:

isnt is obvious its becasue of te one time gains? all these headlines super misleadin


 
 
Trainner
    15-Aug-2025 13:04  
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Ai ya.... if don' t like, just go to another counter Lor...... don' t need to think too much.

TraderBen      ( Date: 15-Aug-2025 10:59) Posted:

isnt is obvious its becasue of te one time gains? all these headlines super misleading

Joelton      ( Date: 15-Aug-2025 10:57) Posted:

Nam Cheong reports 87% y-o-y lower earnings of RM79.6 mil
 
Nam Cheong reports 87% y-o-y lower earnings of RM79.6 million ($24.21 million) for the 1HFY2025 ended June 30.
 
The group, which is an offshore support vessel (OSV) provider, reported an 11% y-o-y decline in revenue of RM278.2 million for the period.
 
Gross profit declined 3% y-o-y to RM141.3 million, and gross profit margin increased 4 percentage points (ppts) to 51%, largely driven by lower vessel maintenance expenditures.
 
The group says that the decline in revenue was mainly driven by lower vessel utilisation rates as the fleet underwent preparations for the commencement of the secured long-term charters in 2HFY2025.
 
Other income decreased to RM6.3 million, mainly due to the absence of waiver of debt, while selling and administration expenses increased 14% y-o-y to RM26.8 million mainly due to an increase in staff cost.
 
Other operating expenses decreased to RM1.4 million due to the absence of the restructuring cost during the period, while finance costs normalised at RM9.8 million following the conclusion of the debt restructuring in 1Q2024.
 
Nam Cheong says that the local OSV market continues to face structural supply constraints. While the existing fleet is aging, new vessel construction remains subdued, primarily due to banks&rsquo continued caution in extending financing for newbuild programs. Malaysia&rsquo s cabotage policies, which limit foreign vessel participation, further restrict available supply. As a result, OSV charter rates are expected to remain well supported in 2HFY2025.


 
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