| Latest Forum Topics / Nam Cheong |
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Nam Cheong
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wooncs8870
Veteran |
21-Apr-2025 15:17
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Nam Cheong share price seems like trending donwards after trending up to 0.625 shortly after opening | ||||
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bernardc
Elite |
20-Apr-2025 13:58
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So cheap...wah...accumulate...huart liaow
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Solubl
Member |
19-Apr-2025 16:50
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Valuation about 3X PE is too cheap for this big boy with RM1.5 BILLION of contracts! | ||||
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sengkang
Master |
18-Apr-2025 13:00
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Good news
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Jimeagle
Veteran |
17-Apr-2025 19:15
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我 们 用 打 狗 榜 打 🐶 , 不 是 🐶 咬 狗 。
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moron101
Supreme |
17-Apr-2025 17:21
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不 要 狗 咬 狗 🤑
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TraderBen
Supreme |
17-Apr-2025 15:06
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Time to lock in profits before the long weekend! | ||||
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Joelton
Supreme |
17-Apr-2025 13:09
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Nam Cheong bags RM317.1 million in regional vessel charter deals
 
[SINGAPORE] Sarawak-based offshore marine firm Nam Cheong : 1MZ +2.86% has secured vessel charter contracts worth up to RM317.1 million (S$94.5 million) from regional oil majors.
 
The multi-year agreements have a firm charter period of up to two years, with options for further extension, the company said in a bourse filing on Wednesday (Apr 16).
 
Seven anchor handling tug supply vessels will be deployed in Malaysian and Thai waters to support offshore operations, including towing, anchoring, logistics and emergency response.
 
With these, Nam Cheong has 21 vessels, or 56.8 per cent of its total fleet, under long-term charter, which puts it on track to reach its 70 per cent goal.
 
The company&rsquo s chief executive officer Leong Seng Keat said: &ldquo With Sarawak&rsquo s growing role as a regional oil and gas hub and the increasing offshore activities in Malaysia, we are well-positioned to support our clients&rsquo evolving needs while enhancing the group&rsquo s earnings visibility and long-term value.&rdquo
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wooncs8870
Veteran |
17-Apr-2025 10:31
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Nam Cheong Limited has indeed secured new multi-year offshore support vessel (OSV) charter contracts. Announced on April 16, 2025, these contracts are valued at up to RM317.1 million (approximately S$94.5 million) and involve seven Anchor Handling Tug Supply (AHTS) vessels. The firm charter period is up to two years, with options for further extension. nextinsight.net+14MarketScreener+14The Edge Singapore+14 The vessels will be deployed in Malaysian and Thai waters, supporting regional oil majors. With these new contracts, Nam Cheong now has 21 vessels under long-term charter, representing 56.8% of its total fleet. This aligns with the company' s strategic goal to increase the proportion of vessels under long-term contracts to 70%, while maintaining flexibility to capitalize on potentially higher charter rates in dynamic markets. TipRanks+2MarketScreener+2TipRanks+2 This development positions Nam Cheong to capitalize on emerging opportunities in the region' s growing offshore activities. |
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Solubl
Member |
17-Apr-2025 09:46
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If you&rsquo ve been following the offshore support vessel scene, you know things are really favourable for OSV operators.
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TraderBen
Supreme |
16-Apr-2025 21:13
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Okok don?t fight.. those want to buy buy,, those want to sell just sell. NC just clinched a 371m 2 yr contract.. tmr 60 cents? | ||||
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Jimeagle
Veteran |
15-Apr-2025 19:06
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It' s just general rebuttals...
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Trainner
Master |
15-Apr-2025 17:25
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各 位 老 板 , 和 气 生 财 ! | ||||
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Jimeagle
Veteran |
15-Apr-2025 17:14
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Read all   my comments   carefully.. since when I commented that it' s not reliance on oil& gas?I only dispute your claims that TW is heading down and thus NC should head down..  lose argument and you start to anyhow put words in my mouth.. I must also clarify that with my above comment, I do not mean the NC will for sure suffer in low oil price... I only meant to say I didnt co-relate the NC with oil price in any of my comments...
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jeenli
Member |
15-Apr-2025 17:08
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Your ignorance is pretty evident if you think a company that relies on the Oil & Gas sector does well in a low oil price environment. If you check several threads related to Nam Cheong, you&rsquo ll see I was involved and bullish back then. But if you can&rsquo t see that low oil prices are bad for Nam Cheong, you probably won&rsquo t be able to find my posts either.
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Jimeagle
Veteran |
15-Apr-2025 16:55
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Your first comment that I responded to shows your ignorance. It also showed your sourness  this latest comment of yours confirmed above...your ignorance is   proven by your comment thst links Namcheong to TW, thus your claims that you own NC with 3X gains is absolute lies haha because 1 year ago TW was heading down and thus you won' t be buying NC:)))  
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Trainner
Master |
15-Apr-2025 16:37
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Agree with your comment!
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TraderBen
Supreme |
15-Apr-2025 16:31
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everyone got their own views.. there will surely be winners and losers.. 
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bernardc
Elite |
15-Apr-2025 15:57
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Expect the unexpected...
Paper gains of 5x..when NC hit 60 +..
Now have to contend with 4x...
I see a lot of green eyes..haha
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jeenli
Member |
15-Apr-2025 15:50
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You' re probably salty because you bought when I sold after a 3x return in under a year. I was buying when the company came out of bankruptcy, vessel demand was rising and oil prices were high. You.re buying after it' s already gone up 3x while vessel demand is now decreasing according to Petronas (its main customer) and oil prices are heading down. There was another guy who kept saying " expect the unexpected" multiple times a day caught up in the euphoria. I guess he didn&rsquo t expect OPEC+ to flood the market with more oil and drive prices even lower.
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