| Latest Forum Topics / Nam Cheong |
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Nam Cheong
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dot123
Senior |
10-Jun-2025 14:13
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True...but not exactly loss making company, albeit no dividend. below 0.5 can buy and keep...dyodd | ||||
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chiachiawee
Elite |
10-Jun-2025 14:07
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Think this time really nan already. stars not aligned. feng never come. very nan chong. | ||||
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dot123
Senior |
10-Jun-2025 13:51
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the last time someone said this word  难 冲 .....it shoot up almost immediately...lol...dyodd
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TraderBen
Supreme |
10-Jun-2025 13:42
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bought 50 cents from KGI yesterday but dont look good.. might sell out and loss comm later
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chiachiawee
Elite |
10-Jun-2025 11:56
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Oh my. Back to the Nan Chong period again. Chong ah Chong.
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TraderBen
Supreme |
10-Jun-2025 11:10
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looks really 难 冲 (Nam cheong) this time.. KGI pressing it down.. dont know for wat reasons.. 
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stlimst
Master |
10-Jun-2025 09:29
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Resurgence of Offshore and Marine counters going on. I guess today shortists will lose. BB will win followed by AI. Good luck |
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superstartup
Supreme |
09-Jun-2025 17:45
Yells: "Enjoy doing Fundamental Research" |
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I think due to this news. Luckily for Namcheong, had lock-in the rates for the next few years for a number of its vessels. - - - - - - UPDATED  Jun 05, 2025, 05:55 PM
 
Petroliam Nasional  (Petronas) will cut about 10 per cent of its workforce in a firm-wide restructuring as the company looks to reduce costs due to falling crude prices and market volatility that has impacted its profits.  Malaysia&rsquo s state-owned oil firm will reduce headcount by upward of 5,000 people, Petronas chief executive Muhammad Taufik said in a briefing in Kuala Lumpur on June 5. It will also freeze promotions and hiring until December 2026, he added. |
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stlimst
Master |
09-Jun-2025 17:14
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At a closing price of $0.495, the winner has got to be Shortists...well done. Let' s see how things pan out tomorrow. AI - keeping the hope high? BBs - where are you??
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TraderBen
Supreme |
09-Jun-2025 16:56
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AI wins.. enter somemore at 50.. KGI pressing down.. 
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stlimst
Master |
09-Jun-2025 16:54
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And the winner is.........drum roll...... | ||||
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chiachiawee
Elite |
09-Jun-2025 15:44
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Wow. Tug of war. Romance of three kingdoms? | ||||
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TraderBen
Supreme |
09-Jun-2025 14:45
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morning is BBs.. closer to lunch is shortists... then now AI taking over | ||||
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stlimst
Master |
09-Jun-2025 14:17
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Respectable volume of shares traded. Shortists vs BBs vs Ai.  
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stlimst
Master |
09-Jun-2025 09:08
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Looks like BB action starting...not AI Good luck
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stlimst
Master |
07-Jun-2025 12:21
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I hope this is not direction from ' AI' . I only take direction from BBs. Just observe.
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TraderBen
Supreme |
07-Jun-2025 00:35
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Monday start to fly.
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chiachiawee
Elite |
06-Jun-2025 19:17
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Yup. Here' s a smart player. Hehe. Cheers.
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stlimst
Master |
06-Jun-2025 09:27
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In SGX, no use asking ' AI' . You should be asking BB. Problem is BB won' t answer your question by words, they answer by action You must observe and NamCheong will only move when the BB wants it to move. That' s SGX for you, Good luck!
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chiachiawee
Elite |
06-Jun-2025 00:37
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I asked google what are the major prospects of Nam Cheong. It tells me these.
AI Overview Nam Cheong, an OSV operator and shipbuilder, has several promising prospects: capitalizing on the growing demand for efficient and low-carbon OSVs, expanding into new markets like offshore wind and subsea cable installations, and leveraging its shipbuilding capacity for diverse projects, including its own use. 1. Growing Demand for OSVs: Nam Cheong's strong fleet of OSVs, capable of supporting oil and gas production and exploration, is a core competitive advantage. The regional oil and gas market growth, particularly in Southeast Asia, is expected to drive demand for OSVs. Nam Cheong is cautiously optimistic about this growth, aiming to expand long-term charter coverage while remaining flexible to capitalize on spot market opportunities. 2. Diversification into New Markets: Nam Cheong is exploring opportunities in offshore wind farms and subsea cable installations, where activity is expected to increase in the future. Its existing fleet can be adapted to these new markets, potentially expanding its revenue base. 3. Shipbuilding Capacity and Vertical Integration: Nam Cheong's shipbuilding yard in Sarawak, while currently underutilized, offers a valuable asset for building vessels, both for its own use and for third parties. This vertical integration can lead to better margins compared to traditional ship operators. Nam Cheong can leverage its expertise and track record in constructing OSVs, particularly in Asia, the Middle East, West Africa, and the United States, to secure new contracts. 4. Financial Strength and Market Valuation: Nam Cheong's financial performance has been strong, with a gross profit margin of 53% and core profit from vessel chartering exceeding RM232 million. The company's stock is currently undervalued, with a low price-to-earnings (PE) ratio and enterprise value to EBITDA (EV/EBITDA) compared to its peers, potentially indicating upside potential. 5. Strategic Partnerships and Government Support: Nam Cheong can leverage its strong relationships with major oil and gas companies, such as Petronas, to secure long-term contracts. Government support for the Malaysian oil and gas sector, including Petronas' "Safina" program, can further boost demand for OSVs. The above extracted from google AI Overview for reading. Cheers. |
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