$NamCheong (1MZ.SG)$ Why does Nam Cheong keep rising? Because it trades at just 3X PE and 3X EV/EBITDA. A year ago this month, Nam Cheong Limited was under trading suspension for the 4th year, as it finalised a restructuring deal with its creditors. Since then, the Singapore-listed company, which owns the largest fleet of offshore support vessels (OSVs) in Malaysia, has made a remarkable comeback. It is doing reall...
$PacificRadiance (RXS.SG)$ CGS CIMB reiterate add with tp at 0.07. Dividend proposal a sign of confidence in profits, in their view. FY24 core net profit of US$3.7m exceeded their expectations, driven by opex discipline and higher share of associate/JV profits. They expect bottomline improvement over FY25F-27F to come from easing reactivation costs, prudent cost controls and better fleet utilisation. $NamCheong (1MZ.SG)$$Mermaid Maritime (DU4.SG)$
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$NamCheong (1MZ.SG)$ Nam Cheong has reported earnings of RM790.1 million ($223.69 million) for FY2024, ended Dec 31, 2024, more than quadruple its profit for the year before of RM157.3 million. Nam Cheong says that the growth in revenue was solely from the vessel chartering division, up 45.1% y-o-y. The increase was mainly driven by fleet expansion, improved daily charter rates and higher vessel utilisation...
103162075 : I also wondering why...
Julie 88 : suddenly jumped so high very strong
Fiftysevenbucks : maybe more contract secured?
101572862 OP : it's already over brought sice .60 but it keep going up
some news we are missing
institution buying or insider buying.
Julie 88 101572862 OP : price keeps rising after luch
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