$Beng Kuang - watch list (BEZ.SG)$ Maybank initiated coverag...
Maybank initiated coverage on Beng Kuang Marine with a "buy" call, as the research house is positive that the company will benefit from floating production storage and offloading (FPSO) upcycle.
The brokerage issued Beng Kuang an incredible target price of S$0.47, which represents 9 times its price-to-earnings (PE) estimates for the company for the financial year 2024.
On Mon (Jul 8), analyst Jarick Seet said he expects Beng Kuang's profit after tax and minority interests (Patmi) to grow at a compound annual growth rate of 51% from FY2023 to FY2027.
Through its subsidiary, Beng Kuang has become a major player in FPSO maintenance, repair and services as it benefited from greater global FPSO activity, noted the analyst.
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101572862 : what will be the Good entry point ?
bullrider_21 OP 101572862 : Maybe around 0.305.
101572862 : perfectly as you said @bullrider_21
101572862 : thanks
bullrider_21 OP 101572862 : Thx.