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Nam Cheong
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sheerluck
Supreme |
23-May-2014 14:12
Yells: "Work for your money first then let your money work for you" |
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What' s with that 5k sell queue. Please don' t roadblock NCL. 
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RoundRound
Elite |
21-May-2014 16:45
Yells: "Tikam Tikam can also" |
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Look like Nam Cheong got good news coming. | ||||
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sheerluck
Supreme |
21-May-2014 15:23
Yells: "Work for your money first then let your money work for you" |
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I believe Kimeng has just upgraded their TP to 45cts. In the end still have to upgrade. If it is good it is good. 
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pnuklis
Master |
18-May-2014 16:26
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Kim Eng are trying to justify their action of selling NC shares by being very conservative about the TP which is quite understandable. If they had hung on to their shares they would have made a ton and their secession to sell was wrong. I also agree they are advocating for higher TP for Vard because they have vested. In my open ion Vard will take long time to recover after their miserable performence in Brazil yard and that stick is no good to hold on. The morale of story is don' t take for granted what these analysts say do your home work. NC is a good stock with sound fundamentals and it will prosper. |
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sheerluck
Supreme |
18-May-2014 15:58
Yells: "Work for your money first then let your money work for you" |
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Bro, the shareholder % data is in their Annual Report. Look under " Shareholders' Information" . Analyst reports will be available from your online trading accounts. Alternatively, you can try this http://www.remisiers.org/index.php?option=com_content& view=category& id=6& Itemid=16. This provide quite a few analyst report each day. If you are still new to this, I suggest you read up a bit more on FA and TA and understand how analysts/people come up with their TP. Their TP are not cast in stone. If you can derived your own TP even better. When things change, TP changed accordingly and you would want to know why. Good luck with your investment/trading journey!
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sheerluck
Supreme |
18-May-2014 15:48
Yells: "Work for your money first then let your money work for you" |
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Bro, the shareholder % data is in their Annual Report. Look under " Shareholders&rsquo Information" .
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inevitable
Member |
18-May-2014 14:32
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fellow forumers... can anyhow guide / show me how to check out the substantial shareholders for listed co??? the breakdown in % or etc... annual reports can' t really find the % only the person name. |
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alycone29
Senior |
18-May-2014 10:18
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i think it can go alot more further... good luck guys... |
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sheerluck
Supreme |
17-May-2014 22:07
Yells: "Work for your money first then let your money work for you" |
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Give you a clue. From 2011 Annual Report MAYBANK KIM ENG SECURITIES PTE LTD holds 64,669,500 shares. Price trading 24cts-13cts (downwards) From 2012 Annual Report MAYBANK KIM ENG SECURITIES PTE LTD holds 18,271,500 shares. Price trading 13cts-26cts (upwards) From 2013 Annual Report MAYBANK KIM ENG SECURITIES PTE LTD holds 0 shares. Price trading 26cts-31cts (upwards) So Kim Eng disposed most of their hodling when NCL price was dropping then. Since then NCL strengthen. Kim Eng probably took the opportunty to offload all. Thought they smart but guess what? NCL contnues to grow from stregnth to strength. So they might have turned sour grape. They might even want to say NCL has peaked and is time to sell but given NCL track record, they will be just shooting their own feets. Alternatively they are looking at accumulating again but they cannot agressive promote it because they want to collect it cheap. Also is the same analyst who call for all to continue to buy VARD with a TP of $1.52 when VARD annouced profit warnig and immediately downgrade to hold with a TP$0.95 when VARD Q2 resutls are out and people are dumping. Now VARD is recovering they call people to buy with TP of $1.07. Really all their TP are on hindsight. Anyway. My observation. My speculation. DYDD.
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inevitable
Member |
17-May-2014 21:12
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hmmm... Kim Eng doesnt intend to adjust their TP of NCL upwards ?? =/ on the other hand, DMG seemed optimistic it will break 50ct .... we shall see..
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sheerluck
Supreme |
17-May-2014 20:40
Yells: "Work for your money first then let your money work for you" |
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As expected many anaylsts are upgrading their TP for NCL. OSKDMG 48cts to 52cts DBSVickers 46cts to 47cts OCBC 42cts to 44.5cts CIMB 41cts to 44cts KIMENG 41cts unchange LIM& TAN call for a buy SInce NCL is consistently shows average market expectaion performance, I will be not surprised if they are accumulating its shares now and it is unlikely they are eyeing for a 1-2pips sort of gains. When the company is doing well (and in NCL case exceptional well), ride along the trend. If a company is facing issues and they still ask you to buy or hold, that' s when you need to be careful. DYDD.
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guoyanyunyan
Supreme |
17-May-2014 09:41
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Nam Cheong: Engines all geared up link Nam Cheong reported a solid set of 1Q14 results, with revenue soaring 73.5% YoY to MYR407.3m and PATMI jumping 98.7% to MYR71.1m. The latter exceeded our expectations even after adjusting for one-off gains. Management' s 2015 shipbuilding programme of 35 vessels reflects its belief that the PSV market would continue to surprise on the upside, coupled with an expected uptick in demand for the 6k BHP AHTS vessel class. Focus will remain on the shallow water regions. We lift our FY14 and FY15 PATMI forecasts by 4.8% and 1.7%, respectively. We expect Nam Cheong' s vessel sales momentum to gain further traction ahead, which would be a re-rating catalyst for the stock. Maintain BUY, with a higher fair value estimate of S$0.445 (previously S$0.42), pegged to 9.5x FY14F EPS. ...last:$0.375... |
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ozone2002
Supreme |
16-May-2014 11:04
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wait for tide to subside and pullback before jumping in Results beat expectations in 1Q14 as Nam Cheong posts a record net profit of RM71m (up 99% y-o-y). Shipbuilding margins surprise on the upside as offshore support vessel upcycle is firmly in place. Given the rather low global orderbook-to-fleet ratio of < 7% for AHTS vessels currently, and with 30% of the global fleet being more than 25 years old, management revealed that 17 of the 30 vessels in FY15 builtto- stock programme would comprise AHTS vessels (majority being 6,000bhp category). Maintain BUY with adjusted TP of S$0.47 (Prev S$ 0.46). Nam Cheong' s net order book stands at RM1.2bn, underpinning 21% earnings CAGR over FY13-15.
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pnuklis
Master |
15-May-2014 17:20
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Nam Cheong has demonstrated what I have said before and is rock solid. Only complaint is it is difficult to buy their stocks as one has to q up for long time. Hopefully hit 40 cents by month end. |
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sheerluck
Supreme |
15-May-2014 17:05
Yells: "Work for your money first then let your money work for you" |
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Last year when NCL resutls its FY12 results its price when from 25cts to 30cts before end of May End of last year when NCL annouced contract wins its price when from 29cts to 34cts within 10 days. NCL is trading around 35.5cts with its Q1 release. Can I expect it to breach 40cts before end of May??? i think it is a fair expectation but lets see what the Market thinks? DYDD.
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sheerluck
Supreme |
15-May-2014 15:31
Yells: "Work for your money first then let your money work for you" |
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Based on NCL this quarter earning and current price of 37.5cts, its trading at PE of 7.2x. For a company that has demonstrated a net profit with a CAGR of 14.5% for the past three years and and exceptional Q1 results, surely it deserves a higher PE. The average PE for this sector is 8-10. Better ones can and should command a higher PE. I draw comparison to VARD which is now trading at a PE of 16. VARD is a good company with a strong order book trading at twice NCL' s PE. It is currently facing issues with one of its Brazilian yard but market participants still trade VARD in anticipation to a recovering story. To match NCL' s current PE, it need to more than doble its earning. So is it better to trade with anticipation or with proven track record? You decide. As mentioned in my earlier post, NCL doesn' t shoot to the sky like some other counters on good news but rather it does a series of mini re-rates. Slow yes but definitely steady but every re-rate lifted it s base higher. This I draw comparison to Penguin which reported a sterling Q1 results and it price shoot up more than 10% but look what is happening to it now. This is my personal view of NCL in general. Please DYDD.
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RoundRound
Elite |
15-May-2014 14:06
Yells: "Tikam Tikam can also" |
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This NCL counter's uptrend is not done yet. Wait for all broking houses and analysts to re-value the TP after Q1 reporting season over and it will run up more
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ozone2002
Supreme |
15-May-2014 10:53
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Last:0.38 Vol:9723k  +0.015
stampede at the buying spree.. it' s good to take profit when everyone is rushing in .. gd luck DYODD |
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RoundRound
Elite |
15-May-2014 10:10
Yells: "Tikam Tikam can also" |
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Share price go down got heart-attack.
Now Nam Cheong cheong & cheong I also got heart-attack.....just joking lah...hahaha |
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inevitable
Member |
15-May-2014 10:10
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38.5ct as at 10am |
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