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when BBs enter and burn all the KGIs..!! like how they were burned at rex
look at the actions.. i bought a few times.. all sold by KGI.. thats what i meant..
Jimeagle ( Date: 28-Jun-2025 19:12) Posted:
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Going up ma?
dot123 ( Date: 30-Jun-2025 08:58) Posted:
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gap up...
The sell que at 46 to 47 keep filling up to prevent the price from going up.
Jimeagle ( Date: 28-Jun-2025 19:12) Posted:
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Just wait for bb lor
What' s ur definition of trying very hard? Everyday' s volume had been so low, need to try very hard to push down meh?
TraderBen ( Date: 28-Jun-2025 05:54) Posted:
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Nam Cheong secures US$47.5 mil of OSV contracts to be deployed to Middle East and Japan for green offshore projects
Nam Cheong has secured US$47.5 million ($60.60 million) worth of additional offshore support vessel (OSV) charter contracts which will start in 2025 and last two years, with options for further extension, according to a bourse filing on June 27.
The contracts cover three OSVs, including anchor handling tug supply vessels (AHTS) and fast crew boats. Among three vessels, two will be chartered to Marine Operations for Environmental Services (SAIL) in the Middle East to support environmental preservation projects. SAIL specialises in monitoring and responding swiftly to oil spills along the Saudi Arabian shorelines.
The remaining vessel will be chartered to an offshore wind farm contractor in Japan.
Nam Cheong says that the deployment of these three vessels signals its penetration into green offshore projects which &ldquo highlights the capability and adaptability of our fleet to operate across diverse offshore operations" .
It adds that its expansion into the Middle East and Japanese waters reflects a strategic move to diversify its geographical exposure and reduce concentration risk.
With these three vessels secured under charter, Nam Cheong now has a total of 24 vessels operating under long-term contracts, representing 63% of its entire fleet. Nam Cheong says that this marks its continued progress towards the strategic target of having 70% of the fleet under long-term charters, further enhancing our earnings visibility and operational stability.
&ldquo While Oil and Gas remains a core market for us, we are seeing growing potential in offshore renewables and marine environmental services. Leveraging a modern and advanced fleet, we are building a more balanced charter mix to maximise fleet utilisation while capitalising on the global energy transition trend to drive sustainable returns,&rdquo says Leong Seng Keat, CEO of Nam Cheong.
News on contract aleady out on Friday afternoon.
Price didn' t move - went up to $0.47 briefly but closed at $0.465.
Without BBs' involvement, there will be no real price movement...sigh.
Price didn' t move - went up to $0.47 briefly but closed at $0.465.
Without BBs' involvement, there will be no real price movement...sigh.
LZLOmega ( Date: 28-Jun-2025 10:33) Posted:
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They push down also wont make money mah, eventually they will have it let it rise.
TraderBen ( Date: 28-Jun-2025 05:54) Posted:
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KGI trying very hard to push down. But small contract win. Unlikely will move much
moron101 ( Date: 27-Jun-2025 18:58) Posted:
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NEWS RELEASE Nam Cheong secures OSV charters valued at up to USD47.5 million, supporting environmental preservation projects in the Middle East and offshore wind farm in Japan
The contracts cover three OSVs, including AHTS and Fast Crew Boats, to be chartered for up to two years starting in 2025, with options to extend.
These contract-wins raise the proportion of the Group&rsquo s fleet under long-term charters to 63%, marking steady progress toward our 70% target.
The Group&rsquo s penetration into green projects in the Middle East and Japan not only demonstrates the capability and adaptability of our fleet to operate across diverse offshore operations, but also reflects our strategy of geographic diversification to mitigate single-country risks.
Singapore, 27 June 2025 &ndash Nam Cheong Limited (&ldquo Nam Cheong&rdquo , or the &ldquo Group&rdquo ), one of Southeast Asia&rsquo s leading Offshore Support Vessel (&ldquo OSV&rdquo ) providers based in Sarawak, Malaysia, is pleased to announce that the Group has secured additional offshore support vessel (&ldquo OSV&rdquo ) charter contracts valued at up to USD47.5 million, which will commence in 2025 for up to two years, with options for further extension. The contracts cover three OSVs, including anchor handling tug supply vessel (&ldquo AHTS&rdquo ) and Fast Crew Boats.
Among the three vessels, 2 units will be chartered to Marine Operations for Environmental Services (&ldquo SAIL&rdquo ) in the Middle East to support environmental preservation projects. Established in 2022, SAIL is a wholly owned subsidiary of Saudi Investment and Resource Company (&ldquo SIRC&rdquo ) and The Public Investment Fund, the sovereign wealth fund of Saudi Arabia. SAIL specialises in monitoring and responding swiftly to oil spills along the Saudi Arabian shorelines. Leveraging cutting-edge technologies and industry best practices, SAIL ensure that each response is effective, efficient, and ecologically responsible. The remaining vessel will be chartered to an offshore wind farm contractor in Japan.
The Group&rsquo s penetration into green offshore projects highlights the capability and adaptability of our fleet to operate across diverse offshore operations. Meanwhile, our expansion into the Middle East and Japanese waters reflects a strategic move to diversify the Group&rsquo s geographical exposure and reduce concentration risk. Collectively, these efforts strengthen the resilience of our fleet operations, enabling us to navigate the evolving market dynamics and ongoing macroeconomic uncertainties.
With these three vessels secured under charter, the Group now has a total of 24 vessels operating under long-term contracts, representing 63% of our entire fleet. This marks our continued progress towards the strategic target of having 70% of the fleet under long-term charters, further enhancing our earnings visibility and operational stability.
As the global energy landscape continues to evolve, the OSV market is seeing growing demand beyond traditional oil and gas1. In response, the Group is actively expanding into offshore renewables and environmental marine services while maintaining a strong presence in core energy markets. This approach positions the Group to capture a broader set of long-term opportunities across multiple sectors and geographies.
Commenting on the new contract-wins, Mr. Leong Seng Keat, Chief Executive Officer of Nam Cheong said, &ldquo These contract-wins further strengthen our presence in the OSV chartering market across both offshore sectors and geographies, complementing our charter portfolio which currently comprises exposure solely to the oil and gas sector.
The contracts cover three OSVs, including AHTS and Fast Crew Boats, to be chartered for up to two years starting in 2025, with options to extend.
These contract-wins raise the proportion of the Group&rsquo s fleet under long-term charters to 63%, marking steady progress toward our 70% target.
The Group&rsquo s penetration into green projects in the Middle East and Japan not only demonstrates the capability and adaptability of our fleet to operate across diverse offshore operations, but also reflects our strategy of geographic diversification to mitigate single-country risks.
Singapore, 27 June 2025 &ndash Nam Cheong Limited (&ldquo Nam Cheong&rdquo , or the &ldquo Group&rdquo ), one of Southeast Asia&rsquo s leading Offshore Support Vessel (&ldquo OSV&rdquo ) providers based in Sarawak, Malaysia, is pleased to announce that the Group has secured additional offshore support vessel (&ldquo OSV&rdquo ) charter contracts valued at up to USD47.5 million, which will commence in 2025 for up to two years, with options for further extension. The contracts cover three OSVs, including anchor handling tug supply vessel (&ldquo AHTS&rdquo ) and Fast Crew Boats.
Among the three vessels, 2 units will be chartered to Marine Operations for Environmental Services (&ldquo SAIL&rdquo ) in the Middle East to support environmental preservation projects. Established in 2022, SAIL is a wholly owned subsidiary of Saudi Investment and Resource Company (&ldquo SIRC&rdquo ) and The Public Investment Fund, the sovereign wealth fund of Saudi Arabia. SAIL specialises in monitoring and responding swiftly to oil spills along the Saudi Arabian shorelines. Leveraging cutting-edge technologies and industry best practices, SAIL ensure that each response is effective, efficient, and ecologically responsible. The remaining vessel will be chartered to an offshore wind farm contractor in Japan.
The Group&rsquo s penetration into green offshore projects highlights the capability and adaptability of our fleet to operate across diverse offshore operations. Meanwhile, our expansion into the Middle East and Japanese waters reflects a strategic move to diversify the Group&rsquo s geographical exposure and reduce concentration risk. Collectively, these efforts strengthen the resilience of our fleet operations, enabling us to navigate the evolving market dynamics and ongoing macroeconomic uncertainties.
With these three vessels secured under charter, the Group now has a total of 24 vessels operating under long-term contracts, representing 63% of our entire fleet. This marks our continued progress towards the strategic target of having 70% of the fleet under long-term charters, further enhancing our earnings visibility and operational stability.
As the global energy landscape continues to evolve, the OSV market is seeing growing demand beyond traditional oil and gas1. In response, the Group is actively expanding into offshore renewables and environmental marine services while maintaining a strong presence in core energy markets. This approach positions the Group to capture a broader set of long-term opportunities across multiple sectors and geographies.
Commenting on the new contract-wins, Mr. Leong Seng Keat, Chief Executive Officer of Nam Cheong said, &ldquo These contract-wins further strengthen our presence in the OSV chartering market across both offshore sectors and geographies, complementing our charter portfolio which currently comprises exposure solely to the oil and gas sector.
no wonder so many buy ups suddenly.. lets see next week able to move up to above 50 cents again or not later SGX likely will annouce if it is true
aimtowin ( Date: 27-Jun-2025 15:29) Posted:
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KUCHING (June 27): Sarawak-based offshore support vessel (OSV) provider Nam Cheong Limited has secured RM204.1 million worth of new charter contracts for three vessels with operations starting in 2025 for up to two years and options for further extension.
The group in a statement yesterday said the contracts involve one anchor handling tug supply vessel (AHTS) and two fast crew boats.
Two of the vessels will be chartered to Marine Operations for Environmental Services (SAIL) in the Middle East to support coastal environmental protection projects.
The third will be chartered to a contractor involved in offshore wind farm operations in Japan.
SAIL, established in 2022, is a wholly owned subsidiary of the Saudi Investment and Resource Company (SIRC) and the Public Investment Fund of Saudi Arabia. The company focuses on rapid oil spill response and shoreline monitoring using advanced technology and best industry practices.
Nam Cheong said the move into green offshore projects reflects the strength and flexibility of its fleet in supporting diverse offshore activities.
&ldquo Meanwhile, our expansion into the Middle East and Japanese waters reflects a strategic move to diversify the Group&rsquo s geographical exposure and reduce concentration risk.
&ldquo Collectively, these enhance the resilience of our fleet operations, especially amid
the evolving market landscape and ongoing macroeconomic uncertainties,&rdquo it said.
With these new charters, Nam Cheong now has 24 vessels under long-term contracts, making up 63 per cent of its fleet.
The group aims to raise this to 70 per cent, a target it says will boost earnings visibility and operational stability.
It further noted that demand for OSVs is rising beyond the traditional oil and gas sector as the global energy mix shifts.
In response, the group is actively moving into offshore renewables and environmental marine services while continuing to serve its core oil and gas customers.
&ldquo This approach positions the group to capture a broader set of long-term opportunities across multiple sectors and geographies,&rdquo it added.
Chief executive officer Leong Seng Keat said the latest contract wins will expand the company&rsquo s reach across different offshore sectors and regions, adding to a portfolio that currently serves only the oil and gas industry.
&ldquo While Oil and Gas remains a core market for us, we are seeing growing potential in offshore renewables and marine environmental services.
&ldquo Leveraging a modern and advanced fleet, we are building a more balanced charter mix to maximise fleet utilisation while capitalising on the global energy transition trend to drive sustainable returns.
&ldquo Our target of having 70 per cent of the fleet on long-term contracts not only provides earnings stability, but also gives us the flexibility to pursue attractive opportunities as they emerge in the evolving markets,&rdquo he said.
Yes should be. Near 3pm
today news?
aimtowin ( Date: 27-Jun-2025 15:29) Posted:
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Nam Cheong secures RM204.1 million OSV contracts in Middle East and Japan
https://www.theborneopost.com/2025/06/27/nam-cheong-secures-rm204-1-million-osv-contracts-in-middle-east-and-japan/
Got movement liao
This one ' old' news already.
As mentioned, without BBs interest, this one will not move.
This is the case for most stocks in our esteemed SGX.
As mentioned, without BBs interest, this one will not move.
This is the case for most stocks in our esteemed SGX.
focusy ( Date: 22-Jun-2025 10:15) Posted:
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Nam Cheong Limited reported a 20% gain year-on-year in core profit for 1Q2025.
Shows clearly that it enjoys continuous favourable charter rates.
It also enjoys am expanded fleet of offshore support vessels .
Shows clearly that it enjoys continuous favourable charter rates.
It also enjoys am expanded fleet of offshore support vessels .