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Latest Forum Topics / Beng Kuang    Last:0.495    +0.005  Post Reply
New CEO and Placement, Positive Things Brewing?
WBdisciple
Elite
18-Dec-2023 16:44     
 
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 Alert Admin 		Seems that the train is moving for this counter...good volume today..

Giant8888      ( Date: 13-Dec-2023 10:56) Posted:

According to the update, their position will be boosted $18 MIL from land sales going forward. I believe the completion of land sales is yet to materialise due to some conditions precedents not met. That probably explains why the share proce is lethargic.

Once the coffer is boosted by land sales monies upon completion, it will be net positive for the company. And assuming company remains profitable in current and forward economic conditions, PE is not going to remain low.

Further boost will come when it exits SGX watchlist. Hopefully it uses internal funds for share buy back to boost its market cap >$40 MIL which is one criterion to exit watchlist. For mid to long term

WBdisciple      ( Date: 13-Dec-2023 09:15) Posted:

Hmm..i look at the updates and there is no mention that their 3Q profit is from one-off asset sale, and the figures they showed are all from operations.

If it is from one-off asset sale, the gains from the asset sale will be much more...because each land sale cash proceeds is about S$9m...
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Midtermer
Master
18-Dec-2023 09:10     
 
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 Alert Admin 		breakout 60, let' s go
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For_The_Next_Leg
Master
14-Dec-2023 17:04     
 
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$Beng Kuang(BEZ.SI) There are 51 FPSO stationed in Southeast Asia as per Researchgate. Price of per maintenance is seems to be around US5m to US7m. That in itself is a TAM of around 255m to 357m, not accounting for FPSO outside south east asia. Do note that the company revenue as of now is SG62m (extrapolated half yearly record). There is still a huge TAM ahead.
 
https://journal.hep.com.cn/fem/EN/10.15302/J-FEM-2018022
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For_The_Next_Leg
Master
13-Dec-2023 15:33     
 
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$Beng Kuang(BEZ.SI) Regardless of whether the oil price rises or falls, Beng Kuang will remain unaffected. When the oil price increases, there is a higher demand for FPSO, and in the future, there will be an increased demand for FPSO maintenance. On the other hand, if the oil prices decrease, the demand for FPSO will decline, leading to more FPSOs entering maintenance during that period. The main reason for this is that Beng Kuang is in the business of FPSO maintenance and not building of FPSO.
 
https://www.dailyfx.com/news/oil-price-forecast-oil-eyes-continued-recovery-but-market-participants-remain-cautious-20231211.html
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Giant8888
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13-Dec-2023 10:56     
 
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 Alert Admin 		According to the update, their position will be boosted $18 MIL from land sales going forward. I believe the completion of land sales is yet to materialise due to some conditions precedents not met. That probably explains why the share proce is lethargic.

Once the coffer is boosted by land sales monies upon completion, it will be net positive for the company. And assuming company remains profitable in current and forward economic conditions, PE is not going to remain low.

Further boost will come when it exits SGX watchlist. Hopefully it uses internal funds for share buy back to boost its market cap >$40 MIL which is one criterion to exit watchlist. For mid to long term

WBdisciple      ( Date: 13-Dec-2023 09:15) Posted:

Hmm..i look at the updates and there is no mention that their 3Q profit is from one-off asset sale, and the figures they showed are all from operations.

If it is from one-off asset sale, the gains from the asset sale will be much more...because each land sale cash proceeds is about S$9m...
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WBdisciple
Elite
13-Dec-2023 09:15     
 
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 Alert Admin 		Hmm..i look at the updates and there is no mention that their 3Q profit is from one-off asset sale, and the figures they showed are all from operations.

If it is from one-off asset sale, the gains from the asset sale will be much more...because each land sale cash proceeds is about S$9m...
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Kandee
Senior
11-Dec-2023 19:55     
 
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 Alert Admin 		The 3rd qtr profit of 2m is one off due to asset sale and not from operations.  This cannot be repeated for all quarters. 

tedlim      ( Date: 28-Nov-2023 09:02) Posted:

Market cap of about S$10million...for 3Q2023 their profit is 2m, assuming their profits is $8m in FY2024, PE is just 1.2 times.

Important is that they are coming from a low base, hence more upside is possible. 

Pls do your own DD...

Joelton      ( Date: 20-Nov-2023 13:37) Posted:

Beng Kuang Marine: CEO Purchases Shares, Increases Stake to 4.19%
 
> For 3QFY2023, Beng Kuang Marine reverses into profit before tax of $2.22 mil.
 
> Transformation to an asset-light and service-oriented business model with recurring revenue streams anchored by our IE and CP businesses Revenue increased 21% to S$53.25 million in 9M2023
 
> Turnaround gaining momentum as financial results improved significantly with strong performance in 3Q2023 Registered profit before tax of S$2.73 million in 9M2023
 
> Net cash inflow generated from operating activities was S$6.64 million in 9M2023, as compared to S$5.40 million in 9M2022
 
> Cash and cash equivalents of S$6.60 million with reduced total borrowings of S$15.95 million as at 30 September 2023
 
> Following completion of the partial disposals of the Group' s shipyard in Batam, the Group&rsquo s balance sheet will be boosted by S$18.53 million in cash
 
Commenting on the 9M2023 results, Mr Yong Jiunn Run, Chief Executive Officer of Beng Kuang Group, said: &ldquo We maintained positive organic growth with our core IE and CP business divisions delivering strong performance, providing good momentum in our turnaround.
 
Our strategy is delivering, demonstrated with the strength of our underlying performance and monetising efforts, and we remain confident that Beng Kuang Group is well positioned to create high-value growth within the marine and offshore industry.&rdquo


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WBdisciple
Elite
11-Dec-2023 10:41     
 
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 Alert Admin 		Looks like a good price to collect cheap durians.....


 

tedlim      ( Date: 28-Nov-2023 09:02) Posted:

Market cap of about S$10million...for 3Q2023 their profit is 2m, assuming their profits is $8m in FY2024, PE is just 1.2 times.

Important is that they are coming from a low base, hence more upside is possible. 

Pls do your own DD...

Joelton      ( Date: 20-Nov-2023 13:37) Posted:

Beng Kuang Marine: CEO Purchases Shares, Increases Stake to 4.19%
 
> For 3QFY2023, Beng Kuang Marine reverses into profit before tax of $2.22 mil.
 
> Transformation to an asset-light and service-oriented business model with recurring revenue streams anchored by our IE and CP businesses Revenue increased 21% to S$53.25 million in 9M2023
 
> Turnaround gaining momentum as financial results improved significantly with strong performance in 3Q2023 Registered profit before tax of S$2.73 million in 9M2023
 
> Net cash inflow generated from operating activities was S$6.64 million in 9M2023, as compared to S$5.40 million in 9M2022
 
> Cash and cash equivalents of S$6.60 million with reduced total borrowings of S$15.95 million as at 30 September 2023
 
> Following completion of the partial disposals of the Group' s shipyard in Batam, the Group&rsquo s balance sheet will be boosted by S$18.53 million in cash
 
Commenting on the 9M2023 results, Mr Yong Jiunn Run, Chief Executive Officer of Beng Kuang Group, said: &ldquo We maintained positive organic growth with our core IE and CP business divisions delivering strong performance, providing good momentum in our turnaround.
 
Our strategy is delivering, demonstrated with the strength of our underlying performance and monetising efforts, and we remain confident that Beng Kuang Group is well positioned to create high-value growth within the marine and offshore industry.&rdquo


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For_The_Next_Leg
Master
06-Dec-2023 08:20     
 
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$Beng Kuang(BEZ.SI) Do note that Beng Kuang will be positively affected by this demand and not affected by the issue since they are not into building of the FPSO but into maintenance of the FPSO. The more FPSO there is, the more maintenance is required in future. If the oil prices goes lower, more FPSO will go for maintenance.
 
https://www.oedigital.com/news/505971-the-evolving-fpso-landscape-healthy-demand-changing-procurement
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For_The_Next_Leg
Master
29-Nov-2023 08:12     
 
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$Beng Kuang(BEZ.SI) As oil price continue to stay within this range, FPSO redeployment is gathering interest. This is beneficial to Beng Kuang, these redeployment will need their services now or in the future!
 
https://www.upstreamonline.com/field-development/interest-surging-in-fpso-redeployments/2-1-1561308
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tedlim
Veteran
28-Nov-2023 09:02     
 
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 Alert Admin 		Market cap of about S$10million...for 3Q2023 their profit is 2m, assuming their profits is $8m in FY2024, PE is just 1.2 times.

Important is that they are coming from a low base, hence more upside is possible. 

Pls do your own DD...

Joelton      ( Date: 20-Nov-2023 13:37) Posted:

Beng Kuang Marine: CEO Purchases Shares, Increases Stake to 4.19%
 
> For 3QFY2023, Beng Kuang Marine reverses into profit before tax of $2.22 mil.
 
> Transformation to an asset-light and service-oriented business model with recurring revenue streams anchored by our IE and CP businesses Revenue increased 21% to S$53.25 million in 9M2023
 
> Turnaround gaining momentum as financial results improved significantly with strong performance in 3Q2023 Registered profit before tax of S$2.73 million in 9M2023
 
> Net cash inflow generated from operating activities was S$6.64 million in 9M2023, as compared to S$5.40 million in 9M2022
 
> Cash and cash equivalents of S$6.60 million with reduced total borrowings of S$15.95 million as at 30 September 2023
 
> Following completion of the partial disposals of the Group' s shipyard in Batam, the Group&rsquo s balance sheet will be boosted by S$18.53 million in cash
 
Commenting on the 9M2023 results, Mr Yong Jiunn Run, Chief Executive Officer of Beng Kuang Group, said: &ldquo We maintained positive organic growth with our core IE and CP business divisions delivering strong performance, providing good momentum in our turnaround.
 
Our strategy is delivering, demonstrated with the strength of our underlying performance and monetising efforts, and we remain confident that Beng Kuang Group is well positioned to create high-value growth within the marine and offshore industry.&rdquo

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For_The_Next_Leg
Master
27-Nov-2023 11:05     
 
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$Beng Kuang(BEZ.SI) 6 cents seem to be a resistant and support for this company. Breaking this resistant will probably allow the company to go higher. In my opinion, in a few months time, the company should be announcing special dividend with the turnaround in actual business and the sale of the shipyard. DYODD
 
https://www.tubinvesting.com/2023/08/tub-assert-beng-kuang-marines-financial.html
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For_The_Next_Leg
Master
24-Nov-2023 08:51     
 
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$Beng Kuang(BEZ.SI) While the possibility of a decrease in oil prices should be acknowledged, it is crucial to recognize that the company specializes in the maintenance of FPSOs. Consequently, if oil prices decline, it is possible that FPSOs may require maintenance, particularly if oil drilling becomes less financially viable.
 
https://www.reuters.com/business/energy/oil-prices-little-changed-ahead-us-stocks-data-potential-opec-cuts-2023-11-22/
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Giant8888
Senior
20-Nov-2023 14:15     
 
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 Alert Admin 		Waiting for full confirmation that all sales proceed are in. Also BK should indicate to market how it intends to use the proceeds funds to benefit or reward long suffering SHs...is it via SBB or dividends. If stock can go up 5% based on 2k volume everyday...it is not difficult for stock to breakout $0 10, $0.15, $0.20 using 2 to 3 mil of internal funds. Let wait and see more actions.

Joelton      ( Date: 20-Nov-2023 13:42) Posted:

Beng Kuang Marine
On Nov 16, Beng Kuang Marine : BEZ 0% CEO Yong Jiunn Run acquired 200,000 shares at an average price of S$0.058 per share. With a consideration of S$11,600, this took his direct interest in the company from 4.19 per cent to 4.29 per cent.
 
His preceding acquisitions were on Aug 30 with 250,000 shares acquired at S$0.065 per share and on July 4, with 100,000 shares bought at S$0.07 per share. Yong&rsquo s responsibilities include making major corporate decisions, developing, and steering corporate plans, implement business directions and strategies for the group.
 
The group&rsquo s business strategy is oriented towards an asset-light and service-oriented business model, coupled together with monetising fixed assets and deleveraging initiatives.
 
Its 51 per cent owned subsidiary, Asian Sealand Offshore & Marine (ASOM) specialises in asset integrity solutions for operating floating assets such as floating production storage and offloading vessels and floating storage and offloading vessels among others.
 
Targeting a larger customer base globally, ASOM has established itself as a proficient &ldquo one-stop&rdquo offshore in-situ turnkey solutions provider, leveraging sandwich plate system technology,to optimise and extend the life of such operating floating assets.
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Joelton
Supreme
20-Nov-2023 13:42     
 
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Beng Kuang Marine
On Nov 16, Beng Kuang Marine : BEZ 0% CEO Yong Jiunn Run acquired 200,000 shares at an average price of S$0.058 per share. With a consideration of S$11,600, this took his direct interest in the company from 4.19 per cent to 4.29 per cent.
 
His preceding acquisitions were on Aug 30 with 250,000 shares acquired at S$0.065 per share and on July 4, with 100,000 shares bought at S$0.07 per share. Yong&rsquo s responsibilities include making major corporate decisions, developing, and steering corporate plans, implement business directions and strategies for the group.
 
The group&rsquo s business strategy is oriented towards an asset-light and service-oriented business model, coupled together with monetising fixed assets and deleveraging initiatives.
 
Its 51 per cent owned subsidiary, Asian Sealand Offshore & Marine (ASOM) specialises in asset integrity solutions for operating floating assets such as floating production storage and offloading vessels and floating storage and offloading vessels among others.
 
Targeting a larger customer base globally, ASOM has established itself as a proficient &ldquo one-stop&rdquo offshore in-situ turnkey solutions provider, leveraging sandwich plate system technology,to optimise and extend the life of such operating floating assets.
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Joelton
Supreme
20-Nov-2023 13:37     
 
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Beng Kuang Marine: CEO Purchases Shares, Increases Stake to 4.19%
 
> For 3QFY2023, Beng Kuang Marine reverses into profit before tax of $2.22 mil.
 
> Transformation to an asset-light and service-oriented business model with recurring revenue streams anchored by our IE and CP businesses Revenue increased 21% to S$53.25 million in 9M2023
 
> Turnaround gaining momentum as financial results improved significantly with strong performance in 3Q2023 Registered profit before tax of S$2.73 million in 9M2023
 
> Net cash inflow generated from operating activities was S$6.64 million in 9M2023, as compared to S$5.40 million in 9M2022
 
> Cash and cash equivalents of S$6.60 million with reduced total borrowings of S$15.95 million as at 30 September 2023
 
> Following completion of the partial disposals of the Group' s shipyard in Batam, the Group&rsquo s balance sheet will be boosted by S$18.53 million in cash
 
Commenting on the 9M2023 results, Mr Yong Jiunn Run, Chief Executive Officer of Beng Kuang Group, said: &ldquo We maintained positive organic growth with our core IE and CP business divisions delivering strong performance, providing good momentum in our turnaround.
 
Our strategy is delivering, demonstrated with the strength of our underlying performance and monetising efforts, and we remain confident that Beng Kuang Group is well positioned to create high-value growth within the marine and offshore industry.&rdquo
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chiachiawee
Elite
20-Nov-2023 10:50     
 
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 Alert Admin 		200k shares not convincing. Any retailer here can do. Perhaps 2000k shares more convince and maybe will chiong. CEO?

Midtermer      ( Date: 16-Nov-2023 23:13) Posted:

Finally some actions from the boss. CEO bought 200k shares today. Cheers
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Midtermer
Master
20-Nov-2023 10:45     
 
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 Alert Admin 		Finally cleared 60, next R at 64. Cheers
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Giant8888
Senior
19-Nov-2023 00:23     
 
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 Alert Admin 		Hopefully when all land sales proceeds all in, SBB will kick in to push up. And hopefully more corporate news like contract awards etc. Undervalued stock.

For_The_Next_Leg      ( Date: 17-Nov-2023 08:57) Posted:

$Beng Kuang(BEZ.SI) CEO added more shares!!!!!!!
 
A breakout will go to new heights!
 
https://links.sgx.com/1.0.0/corporate-announcements/T5GJKRA3WSNVP09C/94992bc38f1d6e23a1c7464570a24e35c70010c27b3832cd2635d1e8e68d1ab5
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For_The_Next_Leg
Master
17-Nov-2023 08:57     
 
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$Beng Kuang(BEZ.SI) CEO added more shares!!!!!!!
 
A breakout will go to new heights!
 
https://links.sgx.com/1.0.0/corporate-announcements/T5GJKRA3WSNVP09C/94992bc38f1d6e23a1c7464570a24e35c70010c27b3832cd2635d1e8e68d1ab5
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