Beng Kuang Stock Forum

$NamCheong (1MZ.SG)$
Nam Cheong bottomed at 0.305. Now is 0.37. What a rebound!
$NamCheong (1MZ.SG)$ $Beng Kuang (BEZ.SG)$ $PacificRadiance (RXS.SG)$

$Beng Kuang (BEZ.SG)$
Slowly firmly up with the rest of the oil stocks. All the oil stocks look good on tue chart for a strong  rebound.
But ulitmately depends on Crude prices which is supported by Biden's authorization for the use of long range missiles against Russia.

$Beng Kuang (BEZ.SG)$ hopeless sgares still kerps dropping - eating ppl $

$Beng Kuang (BEZ.SG)$ after release from watchlist, they play punk again! keep dropping ! hopeless counter! need to put them back under watchlist then thwy behave! pls wake up 😡😡

$Mermaid Maritime (DU4.SG)$ $NamCheong (1MZ.SG)$
OSV players
$Beng Kuang (BEZ.SG)$

$Beng Kuang (BEZ.SG)$
Beng Kuang Marine is set to exit from the watch-list on Oct 15. It may celebrate by rallying.
$NamCheong (1MZ.SG)$ $PacificRadiance (RXS.SG)$ $Mermaid Maritime (DU4.SG)$

$NamCheong (1MZ.SG)$
Very close to the 0.50 I expected now.
$Mermaid Maritime (DU4.SG)$ $Beng Kuang (BEZ.SG)$ $PacificRadiance (RXS.SG)$

$Mermaid Maritime (DU4.SG)$
CGS CIMB reiterate their Add call, with an unchanged TP of S$0.20, based on 11x 2025F P/E.
They hosted MMT's management for a call with investors on 7 Oct 24. Postcall, they remain positive on MMT's fleet utilisation and order outlook.
Key investor questions were focused on the impact of oil prices on day rates, margin outlook and capex needs.
Management expects fleet utilisation to remain above 80% in 2025F, on the back of tight global vessel supply and higher oil pri...

$NamCheong (1MZ.SG)$ $Mermaid Maritime (DU4.SG)$
OSV sector looks to be in play today.
$PacificRadiance (RXS.SG)$ $Beng Kuang (BEZ.SG)$

$PacificRadiance (RXS.SG)$
Phillip Securities has initiated coverage on Pacific Radiance with a BUY recommendation and target price of 0.06. Valuations pegged to the industry average of 8x PE. The offshore support vessel industry is enjoying a resurgence in charter rates from rising demand as global offshore capex recovers. Supply is constrained by an ageing fleet and a decline in shipyard capacity where vessel orders are only 3% of the existing fleet. Pacific Radiance is riding on higher charter...