160.80MMarket Cap0.01P/E (TTM)
0.420High0.400Low339.80KVolume0.415Open0.415Pre Close137.89KTurnover0.49552wk High0.15%Turnover Ratio392.19MShares0.11752wk Low52.64EPS TTM92.57MFloat Cap0.495Historical High0.74P/E (Static)225.79MShs Float0.117Historical Low0.551EPS LYR4.82%Amplitude--Dividend TTM1.28P/B100Lot Size--Div YieldTTM
NamCheong Stock Forum
Nam Cheong has secured multi-year offshore support vessel (OSV) charter contracts worth RM1.22 billion ($368.7 million). The contract includes options for extension from the regional and international oil majors.
The charters are expected to begin in 2025 for a firm charter period of 3 years.
According to the group, the deal is set to reinforce Nam Cheong 's presence in the OSV market in Southeast Asia and will provide the group with steady revenue visibility.
Under the co...
It's been just 8 months or so since Nam Cheong Limited got past a stormy weather of financial restructuring over a debt that once threatened to sink it.
The Singapore-listed offshore support vessel (OSV) operator has emerged leaner and stronger, with half of its debt forgiven by creditors.
Better yet, operating largely in Malaysian waters, it has been able to catch the 2024 wave of higher charter rates in a booming offshore oil and gas market that still has a long run ahead.
Demand is strong, supply is constrained. Things have not been this good for this company in a long while