$NamCheong (1MZ.SG)$
0.50 may be possible.
$Beng Kuang (BEZ.SG)$ $Mermaid Maritime (DU4.SG)$ $PacificRadiance (RXS.SG)$

$NamCheong (1MZ.SG)$
Offshore service vessel (OSV) provider Nam Cheong announced a y-o-y surge in net profit to RM635.8 million in 1HFY2024 for the six months to Jun 30 compared to RM31.7 million for 1HFY2023, primarily attributable to the waiver of debts.
Revenue rose by 12% y-o-y to RM312 million, and gross profit increased by 87% y-o-y to RM146.0 million, mainly driven by improved daily charter rates and higher utilisation of larger ve...

$Mermaid Maritime (DU4.SG)$
May rebound from support around 0.15.

$Mermaid Maritime (DU4.SG)$
if results is good, technically it can go to 20-21 cts fm here. i expect result to be good as more offshore contracts will be recognised in 2nd quarter onwards.

$Mermaid Maritime (DU4.SG)$
Lim & Tan initiate a "BUY" recommendation on Mermaid Maritime with a target price of $0.30 based on 12.5x FY24PE, pegged to 15% discount to its peers. MMT boasts one of the world's largest DSV fleets and is a turnaround company strategically positioned to capitalise on the rising demand for decommissioning and IRM projects amidst higher oil prices and global sustainability initiatives. With high operating leverage due to their big fleet size amidst an industry upcycle,...

$Mermaid Maritime (DU4.SG)$
Resistance breakout above 0.194. May rise to resistances around 0.205 and 0.245 which will be a 7-year high.