NamCheong Stock Forum

$NamCheong (1MZ.SG)$
The Malaysian and Singapore offshore support vessel (OSV) sector is at a crossroads, and things are getting dicey.
The fleets are rapidly ageing and supply is tight, according to reports this month (Dec) by AmInvestment Bank, Kenanga Research, and CGS International.
Malaysia's OSV fleet, which serves its vast oil & gas sector, is pushing 14 years, which is basically ancient in this industry.
The supply crunch i...

$NamCheong (1MZ.SG)$ this company needs more good news and show case the strong profit and balance sheet to attract more attention.

$NamCheong (1MZ.SG)$
While Nam Cheong Ltd's vessel chartering business is obviously doing well, its financial statements carry one-off items mainly as a result of a restructuring of its large debt in 1Q2024.
The core earnings -- ie the ongoing business minus the one-offs -- take some accounting skills and more to decipher.
That may help explain why investors price the Singapore-listed stock at a significantl...

$NamCheong (1MZ.SG)$ volume is low on retrencement. support is now at MA20, once broken, will expect more downside.. next few days are crucial..

$NamCheong (1MZ.SG)$ seems it broke support

$NamCheong (1MZ.SG)$ wow what happen

$NamCheong (1MZ.SG)$ buying momentum is strong today.

$NamCheong (1MZ.SG)$ today seems to go up. dyodd.

$NamCheong (1MZ.SG)$ the volume is extremely low. Some collections of shares are in progress before next push up.

$NamCheong (1MZ.SG)$
OSV players may rally.
For Nam Cheong, it may bottom around 0.395-0.40 and rise to resistance around 0.495.
For Mermaid, it may have bottomed at 0.127. The MA5 crossed over the MA20. It may rise to around 0.144-0.15.
For Beng Kuang, it may have bottomed at 0.205 and may rise to resistance around 0.25-0.26.
For Pacific Radiance, it may have bottomed at 0.045 and may rise to resistance around 0.054.
$Mermaid Maritime (DU4.SG)$ $Beng Kuang (BEZ.SG)$ $PacificRadiance (RXS.SG)$