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New CEO and Placement, Positive Things Brewing? Post Reply Rate topic
tedlim Veteran	26-Feb-2024 17:28        tedlim About Contact  Quote this Post!
x 0   x 0  Alert Admin	Strong vol as well...when is their results?
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Midtermer Master	26-Feb-2024 17:27        Midtermer About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looking forward to the results. Price action looking very good today. WBdisciple      ( Date: 26-Feb-2024 14:45) Posted: strong buying vol at 7 series....even at 8 series, Beng Kuang mkt cap is still cheap at S$16m. let' s see their results
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WBdisciple Elite	26-Feb-2024 17:01        WBdisciple About Contact  Quote this Post!
x 0   x 0  Alert Admin	8 series easily crossed up...
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WBdisciple Elite	26-Feb-2024 14:45        WBdisciple About Contact  Quote this Post!
x 0   x 0  Alert Admin	strong buying vol at 7 series....even at 8 series, Beng Kuang mkt cap is still cheap at S$16m. let' s see their results
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Giant8888 Senior	26-Feb-2024 11:00        Giant8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can expect BK to post good set t of results and enter 8 series and long shot of breaching 0.10. WBdisciple      ( Date: 23-Feb-2024 08:55) Posted: Dyna and Marco Polo has announced good results, which shows that this industry is showing more resiliency. Awaiting for Beng Kuang' s results
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WBdisciple Elite	23-Feb-2024 08:55        WBdisciple About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dyna and Marco Polo has announced good results, which shows that this industry is showing more resiliency. Awaiting for Beng Kuang' s results
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For_The_Next_Leg Master	21-Feb-2024 23:06        For_The_Next_Leg About Contact  Quote this Post!
x 0   x 1  Alert Admin	$Beng Kuang(BEZ.SI) Looks like a cup and handle shape plus full year results probably will be out soon within the next week! Going to the moon?
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WBdisciple Elite	19-Feb-2024 09:48        WBdisciple About Contact  Quote this Post!
x 0   x 0  Alert Admin	The 11 industrials stocks averaged 5.6 per cent total returns over the period and were led by Beng Kuang Marine with an 18.7 per cent total return and Jubilee Industries Holdings with a 12.8 per cent total return for the 2024 year through to Feb 14. https://www.businesstimes.com.sg/companies-markets/retail-investors-net-buy-s1-billion-singapore-stocks-early-2024
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petson Master	15-Feb-2024 09:04        petson About Contact  Quote this Post!
x 0   x 0  Alert Admin	ya..i saw too yesterday last few minute suddenly move For_The_Next_Leg      ( Date: 14-Feb-2024 23:31) Posted: $Beng Kuang(BEZ.SI) Something is brewing. The share price is again increasing after staying around 65 for a long time. The full year results should be out soon. The company gonna turnaround - wait for it!
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For_The_Next_Leg Master	14-Feb-2024 23:31        For_The_Next_Leg About Contact  Quote this Post!
x 0   x 0  Alert Admin	$Beng Kuang(BEZ.SI) Something is brewing. The share price is again increasing after staying around 65 for a long time. The full year results should be out soon. The company gonna turnaround - wait for it!
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For_The_Next_Leg Master	05-Feb-2024 09:52        For_The_Next_Leg About Contact  Quote this Post!
x 0   x 0  Alert Admin	Current share price  seems like there is huge support. Looks like it will be great moving into earnings call.
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For_The_Next_Leg Master	01-Feb-2024 00:15        For_The_Next_Leg About Contact  Quote this Post!
x 0   x 0  Alert Admin	Things are getting interesting. Seems like the support is looking good. tedlim      ( Date: 29-Jan-2024 09:39) Posted: https://www.tubinvesting.com/2024/01/revisiting-beng-kuang-marine.html The current circumstances seem to indicate a potential opportunity has arrived. To summarize the situation: BKM has achieved profitability based on its Q3 FY23 results. This suggests that it is highly unlikely for FY23 to be a year of losses for the company.  Furthermore, BKM has successfully completed the disposal of its tugboats and has received the remaining S$460k in cash. This means that the company' s financial results will no longer be negatively impacted by this unprofitable segment of its business In addition, BKM has collected all the proceeds from the sale of its shipyard, amounting to S$17.5m. The Batam shipyard was already underutilized, so the sale will not have a detrimental effect on BKM' s existing operations. As previously mentioned, the funds from this disposal will be used to repay debts, resulting in a significant improvement in the current ratio, equity levels, and a lower debt-to-equity ratio. It is worth noting that the current share price level keeps the market capitalization below S$13.55m. This will lead to the price-to-book ratio and price-to-earnings ratio to be very low, since that the company is expected to be profitable, along with the expectation of reporting a gain on assets of over S$10m to S$15m. Recently, BKM has experienced a significant rise in its share price, akin to a dormant beast awakening, particularly after insiders made purchases following the completion of the partial sale of the Batam Shipyard. Nonetheless, the share price has retraced, and from a technical analysis perspective, it appears that there is some level of support at the current share price. Then again, this is an observation from someone who has zero knowledge of TA. Therefore, it appears to be an opportune moment to participate at this juncture. However, it&rsquo s important to note that the positive developments, such as the completion of the tugboat sale and shipyard sale in Jan 2024, might not be reflected in the year-end results reported at the end of Feb 2024 or early Mar 2024. Additionally, BKM is currently on the SGX watchlist but have a 24-month cure period ending in June 2025. Finally, another aspect to consider is the potential for a dividend payout if all goes according to plan. Even a modest amount, like S$0.001, could serve as a delightful bonus.
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tedlim Veteran	29-Jan-2024 09:39        tedlim About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.tubinvesting.com/2024/01/revisiting-beng-kuang-marine.html The current circumstances seem to indicate a potential opportunity has arrived. To summarize the situation: BKM has achieved profitability based on its Q3 FY23 results. This suggests that it is highly unlikely for FY23 to be a year of losses for the company.  Furthermore, BKM has successfully completed the disposal of its tugboats and has received the remaining S$460k in cash. This means that the company' s financial results will no longer be negatively impacted by this unprofitable segment of its business In addition, BKM has collected all the proceeds from the sale of its shipyard, amounting to S$17.5m. The Batam shipyard was already underutilized, so the sale will not have a detrimental effect on BKM' s existing operations. As previously mentioned, the funds from this disposal will be used to repay debts, resulting in a significant improvement in the current ratio, equity levels, and a lower debt-to-equity ratio. It is worth noting that the current share price level keeps the market capitalization below S$13.55m. This will lead to the price-to-book ratio and price-to-earnings ratio to be very low, since that the company is expected to be profitable, along with the expectation of reporting a gain on assets of over S$10m to S$15m. Recently, BKM has experienced a significant rise in its share price, akin to a dormant beast awakening, particularly after insiders made purchases following the completion of the partial sale of the Batam Shipyard. Nonetheless, the share price has retraced, and from a technical analysis perspective, it appears that there is some level of support at the current share price. Then again, this is an observation from someone who has zero knowledge of TA. Therefore, it appears to be an opportune moment to participate at this juncture. However, it&rsquo s important to note that the positive developments, such as the completion of the tugboat sale and shipyard sale in Jan 2024, might not be reflected in the year-end results reported at the end of Feb 2024 or early Mar 2024. Additionally, BKM is currently on the SGX watchlist but have a 24-month cure period ending in June 2025. Finally, another aspect to consider is the potential for a dividend payout if all goes according to plan. Even a modest amount, like S$0.001, could serve as a delightful bonus.
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WBdisciple Elite	29-Jan-2024 08:44        WBdisciple About Contact  Quote this Post!
x 0   x 0  Alert Admin	For me, a good management team of a listco must have vision and able to execute. Beng Kuang fits into this category, been pushing forward in their strategy of reducing debt and improving biz operations for better results.  Let' s see what 2024 will bring positive news for shareholders of Beng Kuang.
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Giant8888 Senior	25-Jan-2024 10:59        Giant8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	As a LT investor I am pleased with the development. The trajectory is upwards, matter of time. Now is it tup to the management to reward SH. Many solid and sound companies are undervalued but they do share buy back whether to reward SH or defense against short sellers. Counters like SIA, oxley, straits trading, YZJ, Hours Glass etc. Next moves to watch are :pare down debts and exit SGX watchlist and hopefully SBB or more CEO purchase. Cheers!
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TraderBen Supreme	25-Jan-2024 10:58        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	old news what.. nothing to gap petson      ( Date: 25-Jan-2024 06:16) Posted: today may gap WBdisciple      ( Date: 24-Jan-2024 22:46) Posted: Beng Kuang Marine (BKM): Completion of 2nd partial sale of its Batam land, receives remaining S$7.6 million in cash. The Group had on 24 January 2024 received the remaining amount of the Consideration of approximately S$7.6 million in cash, and accordingly the Proposed Transaction has been completed as of today. Following completion of both partial disposals of the Group' s shipyard in Batam, the Group' s balance sheet will be boosted by S$18.53 million in cash. BKM' s CEO, Yong, has also been adding to his stake progressively. This year marks 30 years since Beng Kuang Marine was founded. The group is currently pursuing a transformation to an asset-light and service-oriented business model, with recurring revenue streams anchored by its infrastructure engineering and corrosion prevention businesses. As reported in November, the group&rsquo s 9M FY2023 (ended Sep 30) revenue increased 21.4 per cent from 9M FY2022 to S$53.25 million, mainly driven by the revenue contribution of its infrastructure engineering and corrosion prevention business divisions. This was despite negligible revenue contribution from its supply and distribution and shipping business divisions, which are being streamlined and phased out accordingly. Notably, the group highlighted that its infrastructure engineering business division continued its strong growth performance for 9M FY2023, with a service-centric business model that aims to create new value propositions and recurring income streams within the offshore and marine market. For its 9M FY2023, the group&rsquo s gross profit increased 115.8 per cent from 9M FY2022 to S$16.03 million, with a net profit of S$2.73 million in 9M FY2023 from its continuing operations, compared to a net loss of S$1.85 million in 9M FY2022. Yong noted that the group maintained positive organic growth, with its core infrastructure engineering and corrosion-prevention business divisions delivering strong performance, providing good momentum in a turnaround. He added the group&rsquo s strategy is delivering &ndash demonstrated with the strength of its underlying performance and monetising efforts &ndash and it remains confident that it is well positioned to create high-value growth within the marine and offshore industry.
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Midtermer Master	25-Jan-2024 10:24        Midtermer About Contact  Quote this Post!
x 0   x 0  Alert Admin	Money is in and boss just bought shares recently at 68. Net cash company. Cheers
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tedlim Veteran	25-Jan-2024 09:04        tedlim About Contact  Quote this Post!
x 0   x 0  Alert Admin	I like such management, they say and they deliver....not blow hot air.  petson      ( Date: 25-Jan-2024 06:16) Posted: today may gap WBdisciple      ( Date: 24-Jan-2024 22:46) Posted: Beng Kuang Marine (BKM): Completion of 2nd partial sale of its Batam land, receives remaining S$7.6 million in cash. The Group had on 24 January 2024 received the remaining amount of the Consideration of approximately S$7.6 million in cash, and accordingly the Proposed Transaction has been completed as of today. Following completion of both partial disposals of the Group' s shipyard in Batam, the Group' s balance sheet will be boosted by S$18.53 million in cash. BKM' s CEO, Yong, has also been adding to his stake progressively. This year marks 30 years since Beng Kuang Marine was founded. The group is currently pursuing a transformation to an asset-light and service-oriented business model, with recurring revenue streams anchored by its infrastructure engineering and corrosion prevention businesses. As reported in November, the group&rsquo s 9M FY2023 (ended Sep 30) revenue increased 21.4 per cent from 9M FY2022 to S$53.25 million, mainly driven by the revenue contribution of its infrastructure engineering and corrosion prevention business divisions. This was despite negligible revenue contribution from its supply and distribution and shipping business divisions, which are being streamlined and phased out accordingly. Notably, the group highlighted that its infrastructure engineering business division continued its strong growth performance for 9M FY2023, with a service-centric business model that aims to create new value propositions and recurring income streams within the offshore and marine market. For its 9M FY2023, the group&rsquo s gross profit increased 115.8 per cent from 9M FY2022 to S$16.03 million, with a net profit of S$2.73 million in 9M FY2023 from its continuing operations, compared to a net loss of S$1.85 million in 9M FY2022. Yong noted that the group maintained positive organic growth, with its core infrastructure engineering and corrosion-prevention business divisions delivering strong performance, providing good momentum in a turnaround. He added the group&rsquo s strategy is delivering &ndash demonstrated with the strength of its underlying performance and monetising efforts &ndash and it remains confident that it is well positioned to create high-value growth within the marine and offshore industry.
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petson Master	25-Jan-2024 08:51        petson About Contact  Quote this Post!
x 0   x 0  Alert Admin	so, i just queue now b4 9am?? 0.069... Stocky901      ( Date: 25-Jan-2024 08:12) Posted: Opening may gap up 2 to 3 pips..such news is always positive..👍
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Stocky901 Supreme	25-Jan-2024 08:12        Stocky901 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Opening may gap up 2 to 3 pips..such news is always positive..👍
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