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RoundRound Elite	11-Mar-2015 07:51        RoundRound About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tikam Tikam can also"
x 0   x 0  Alert Admin	After so many months now come the contracts. But looking closer, the bigger of the 2 vessel is from its own subsidiary Macro Polo, which Nam Cheong own a stake. So effectively, from external customers, it is only 1 vessel. RoundRound      ( Date: 11-Mar-2015 07:47) Posted: NAM CHEONG SECURES ORDERS FOR TWO VESSELS WORTH APPROXIMATELY US$58 MILLION (EQUIVALENT TO APPROXIMATELY S$80.3 MILLION BASED ON THE EXCHANGE RATE OF S$1=US$0.7219)
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RoundRound Elite	11-Mar-2015 07:47        RoundRound About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tikam Tikam can also"
x 0   x 0  Alert Admin	NAM CHEONG SECURES ORDERS FOR TWO VESSELS WORTH APPROXIMATELY US$58 MILLION (EQUIVALENT TO APPROXIMATELY S$80.3 MILLION BASED ON THE EXCHANGE RATE OF S$1=US$0.7219)
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ash902 Veteran	10-Mar-2015 14:03        ash902 About Contact  Quote this Post!
x 0   x 1  Alert Admin	go down more and it will be super attractive, along with its high div yield
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tohchinhwee Senior	10-Mar-2015 13:55        tohchinhwee About Contact  Quote this Post!
x 0   x 0  Alert Admin	it will make down and make a new low.
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sun233 Elite	10-Mar-2015 12:42        sun233 About Contact  Quote this Post!
x 0   x 1  Alert Admin	Hmmmmmm...............Seems to me it is holding 0.30 - 0.305. Short interest also lessened considerably. tohchinhwee      ( Date: 10-Mar-2015 10:50) Posted: expect more downwards to come.  will not buy anything on downtrends
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tobias_i_d Senior	10-Mar-2015 11:32        tobias_i_d About Contact  Quote this Post! Style: Combined   Yells: "Good technicians don't eat heads and tails."
x 0   x 0  Alert Admin	Vard' s downward trend is far more serious than NC' s... jamesng      ( Date: 10-Mar-2015 02:35) Posted: Do you mean that Vard and NC both in a downward trend now? NC price keep hitting low
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tohchinhwee Senior	10-Mar-2015 10:50        tohchinhwee About Contact  Quote this Post!
x 0   x 0  Alert Admin	expect more downwards to come.  will not buy anything on downtrends
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Qanghoo Supreme	10-Mar-2015 10:46        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Think no reason to shoot. losemoneyking      ( Date: 10-Mar-2015 10:43) Posted: Got feeling cumming Liao. Gonna shoot soon jamesng      ( Date: 10-Mar-2015 02:35) Posted: Do you mean that Vard and NC both in a downward trend now? NC price keep hitting low
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losemoneyking Senior	10-Mar-2015 10:43        losemoneyking About Contact  Quote this Post!
x 0   x 0  Alert Admin	Got feeling cumming Liao. Gonna shoot soon jamesng      ( Date: 10-Mar-2015 02:35) Posted: Do you mean that Vard and NC both in a downward trend now? NC price keep hitting low
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jamesng Master	10-Mar-2015 02:35        jamesng About Contact  Quote this Post!
x 0   x 0  Alert Admin	Do you mean that Vard and NC both in a downward trend now? NC price keep hitting low
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losemoneyking Senior	09-Mar-2015 23:51        losemoneyking About Contact  Quote this Post!
x 0   x 0  Alert Admin	u say = no say. who also noe all this. tobias_i_d      ( Date: 09-Mar-2015 21:41) Posted: I posted the Vard chart on Vard forum... As for Nam Cheong, the downward trend is still intact... so long NC continue pay dividend to its shareholders, and so long the oil price strengthened, and so long it' s continue making profit, the share price will go back up again eventually...
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tobias_i_d Senior	09-Mar-2015 21:41        tobias_i_d About Contact  Quote this Post! Style: Combined   Yells: "Good technicians don't eat heads and tails."
x 0   x 0  Alert Admin	I posted the Vard chart on Vard forum... As for Nam Cheong, the downward trend is still intact... so long NC continue pay dividend to its shareholders, and so long the oil price strengthened, and so long it' s continue making profit, the share price will go back up again eventually...
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Qanghoo Supreme	09-Mar-2015 17:58        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yep, it was probably already in trouble when the previous owners sold it.    Noted that they also  made a high payout prior to selling out.  Why?    Believe the present owners have been doing their best to steady the ship.  Not easy though.  Seems a number of booby traps in South America.  Appears too that KC n SembM  might be feeling the heat too.  tobias_i_d      ( Date: 09-Mar-2015 15:12) Posted: The problem with Vard is not because the current low oil price, but more because it has suffered, and still suffering from the long-term downward trend which is started since March 2012... VeryNewcomer      ( Date: 09-Mar-2015 14:23) Posted: Vard makes mostly deep water OSV while Nam Cheong makes mostly shallow water OSV. The markets they serve are rather different. As you can see, the deepwater segment is very badly hit by the current oil prices as compared to the shallow water segment. During the cyclical recovery, deepwater will also recover later compared to shallow water. There' s nothing wrong with subcontracting the building to Chinese yards, provided they can control the quality. There are companies that have successfully engaged or even opened Chinese factories, and there are also many companies that tried and failed and lost all their investments in China. One has to analyse his position in the value chain and focus on executing his value proposition to the best of his abilities. No point competing against the Chinese on cost. Not when you' re operating from Malaysia. Isn' t it better to outsource the simple processes to Chinese yards, let them fight each other on pricing in order to get your order, and in return, you lower your costs while freeing up your resources since they provide such good financing terms? More importantly, I won' t be held ransom by them because I have the expertise and facilities to build my own vessels, plus I have a BTS model that have ready stock in case they fail to deliver.
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jamesng Master	09-Mar-2015 17:46        jamesng About Contact  Quote this Post!
x 0   x 0  Alert Admin	All are in a down trend now....2H of 2015 might be a better time to view these ship builders
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tobias_i_d Senior	09-Mar-2015 15:12        tobias_i_d About Contact  Quote this Post! Style: Combined   Yells: "Good technicians don't eat heads and tails."
x 0   x 0  Alert Admin	The problem with Vard is not because the current low oil price, but more because it has suffered, and still suffering from the long-term downward trend which is started since March 2012... VeryNewcomer      ( Date: 09-Mar-2015 14:23) Posted: Vard makes mostly deep water OSV while Nam Cheong makes mostly shallow water OSV. The markets they serve are rather different. As you can see, the deepwater segment is very badly hit by the current oil prices as compared to the shallow water segment. During the cyclical recovery, deepwater will also recover later compared to shallow water. There' s nothing wrong with subcontracting the building to Chinese yards, provided they can control the quality. There are companies that have successfully engaged or even opened Chinese factories, and there are also many companies that tried and failed and lost all their investments in China. One has to analyse his position in the value chain and focus on executing his value proposition to the best of his abilities. No point competing against the Chinese on cost. Not when you' re operating from Malaysia. Isn' t it better to outsource the simple processes to Chinese yards, let them fight each other on pricing in order to get your order, and in return, you lower your costs while freeing up your resources since they provide such good financing terms? More importantly, I won' t be held ransom by them because I have the expertise and facilities to build my own vessels, plus I have a BTS model that have ready stock in case they fail to deliver. Qanghoo      ( Date: 09-Mar-2015 07:09) Posted: Believe yards in the PRC had enbarked on building rigs for a few yrs now. Seems also that when the Chinese start on something they push all the way. Soon, Keppel n SembMarine will no longer have that competitive edge. For NC, because they have subcontracted their vessel construction to lower cost yards, it may even give them an edge over coys like Vard. Having own knowhow, facilities n manpower do bring with them their own set of problems. Look at how  Vard has been struggling for last three, four yrs  n  yet stil seems not to have  the light at the end of the tunnel.
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VeryNewcomer Member	09-Mar-2015 14:23        VeryNewcomer About Contact  Quote this Post!
x 0   x 0  Alert Admin	Vard makes mostly deep water OSV while Nam Cheong makes mostly shallow water OSV. The markets they serve are rather different. As you can see, the deepwater segment is very badly hit by the current oil prices as compared to the shallow water segment. During the cyclical recovery, deepwater will also recover later compared to shallow water. There' s nothing wrong with subcontracting the building to Chinese yards, provided they can control the quality. There are companies that have successfully engaged or even opened Chinese factories, and there are also many companies that tried and failed and lost all their investments in China. One has to analyse his position in the value chain and focus on executing his value proposition to the best of his abilities. No point competing against the Chinese on cost. Not when you' re operating from Malaysia. Isn' t it better to outsource the simple processes to Chinese yards, let them fight each other on pricing in order to get your order, and in return, you lower your costs while freeing up your resources since they provide such good financing terms? More importantly, I won' t be held ransom by them because I have the expertise and facilities to build my own vessels, plus I have a BTS model that have ready stock in case they fail to deliver. Qanghoo      ( Date: 09-Mar-2015 07:09) Posted: Believe yards in the PRC had enbarked on building rigs for a few yrs now. Seems also that when the Chinese start on something they push all the way. Soon, Keppel n SembMarine will no longer have that competitive edge. For NC, because they have subcontracted their vessel construction to lower cost yards, it may even give them an edge over coys like Vard. Having own knowhow, facilities n manpower do bring with them their own set of problems. Look at how  Vard has been struggling for last three, four yrs  n  yet stil seems not to have  the light at the end of the tunnel. jamesng      ( Date: 08-Mar-2015 00:09) Posted: So, NC don' t produce their own ships....that means NC do not have the superior technologies like Vard??
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Qanghoo Supreme	09-Mar-2015 07:09        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Believe yards in the PRC had enbarked on building rigs for a few yrs now. Seems also that when the Chinese start on something they push all the way. Soon, Keppel n SembMarine will no longer have that competitive edge. For NC, because they have subcontracted their vessel construction to lower cost yards, it may even give them an edge over coys like Vard. Having own knowhow, facilities n manpower do bring with them their own set of problems. Look at how  Vard has been struggling for last three, four yrs  n  yet stil seems not to have  the light at the end of the tunnel. jamesng      ( Date: 08-Mar-2015 00:09) Posted: So, NC don' t produce their own ships....that means NC do not have the superior technologies like Vard?? Heero78      ( Date: 06-Mar-2015 17:17) Posted: Nam cheong vessels are sub-contracted to yards in China at low cost. So no surprise that China start building...But business in malaysia/indonesia should still has to go thru Nam Cheong. Very unlikely that China can bypass Nam Cheong or Ezion. Aiyah, nowadays China produce everything in this world. Dun bring China in. It is nothing new.
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jamesng Master	08-Mar-2015 23:43        jamesng About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will malaysia dollar drop affect the company? Seems weak lately...... Might get some if drop below 30 cents.....and if oil is trending up
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jamesng Master	08-Mar-2015 00:09        jamesng About Contact  Quote this Post!
x 0   x 0  Alert Admin	So, NC don' t produce their own ships....that means NC do not have the superior technologies like Vard?? Heero78      ( Date: 06-Mar-2015 17:17) Posted: Nam cheong vessels are sub-contracted to yards in China at low cost. So no surprise that China start building...But business in malaysia/indonesia should still has to go thru Nam Cheong. Very unlikely that China can bypass Nam Cheong or Ezion. Aiyah, nowadays China produce everything in this world. Dun bring China in. It is nothing new.   jamesng      ( Date: 06-Mar-2015 17:02) Posted: I do believe that China is currently building oil rig at low price and other ships as well and hence flooding the markets..... Keppel Corp is no longer the largest oil rig builder in the world now
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sheerluck Supreme	06-Mar-2015 17:25        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	NC is doing what most MNC are doing. Made in China. That's fine so long as QC is not in China.
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