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Latest Forum Topics / Nam Cheong  Post Reply
Nam Cheong
Jimeagle
Veteran
15-Apr-2025 13:41     
 
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 Alert Admin 		You co-relate Namcheong closely to Tidewater and perhaps that explains why you missed this boat 1 year ago.. hmmm..

jeenli      ( Date: 15-Apr-2025 01:37) Posted:

I feel sorry for those who think Nam Cheong is a good investment at this point. It really depends on what oil does and oil is down a lot. Just look at what' s happening with Tidewater the largest OSV company in the world. That alone should tell you everything you need to know
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bernardc
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15-Apr-2025 08:39     
 
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 Alert Admin 		With 1.2 b ringgit contract ...this won't be a flop..unless you say RM 1.2B is chicken feed

jeenli      ( Date: 15-Apr-2025 01:37) Posted:

I feel sorry for those who think Nam Cheong is a good investment at this point. It really depends on what oil does and oil is down a lot. Just look at what' s happening with Tidewater the largest OSV company in the world. That alone should tell you everything you need to know
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Jimeagle
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15-Apr-2025 08:22     
 
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 Alert Admin 		They could be feeling sorry for you too.. cause many bought 1 year ago and sitting on a > 200% gain.... what happen to tidewater? Did their investors who bought 1 year ago enjoy 200% gain??

jeenli      ( Date: 15-Apr-2025 01:37) Posted:

I feel sorry for those who think Nam Cheong is a good investment at this point. It really depends on what oil does and oil is down a lot. Just look at what' s happening with Tidewater the largest OSV company in the world. That alone should tell you everything you need to know
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jeenli
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15-Apr-2025 01:37     
 
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 Alert Admin 		I feel sorry for those who think Nam Cheong is a good investment at this point. It really depends on what oil does and oil is down a lot. Just look at what' s happening with Tidewater the largest OSV company in the world. That alone should tell you everything you need to know
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wooncs8870
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14-Apr-2025 14:34     
 
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 Alert Admin 
Nam Cheong(难 冲 )


wooncs8870      ( Date: 14-Apr-2025 14:28) Posted:

Nam Cheong is punctured and the price is tredning down after hitting 0.55. The price is now at 0.52/0.525

Looks like the interest in this counter is waning
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wooncs8870
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14-Apr-2025 14:28     
 
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 Alert Admin 		Nam Cheong is punctured and the price is tredning down after hitting 0.55. The price is now at 0.52/0.525

Looks like the interest in this counter is waning
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focusy
Senior
14-Apr-2025 09:45     
 
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 Alert Admin

Nam Cheong i think so far so good in terms of demand for OSVs ... 
1Q results will be coming soon, and hope to get insights into the market supply-demand.

Tariff-Immune: Vessel Supply&rsquo s Tight, Charter Rates Look Bright
https://www.nextinsight.net/story-archive-mainmenu-60/948-2025/16102-tariff-immune-vessel-supplys-tight-charter-rates-look-bright
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TraderBen
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07-Apr-2025 09:05     
 
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 Alert Admin 		up very fast down also very fast

francisd      ( Date: 03-Apr-2025 14:40) Posted:

Nam Cheong, falling from high.

Is it good time to buy?cool
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francisd
Master
03-Apr-2025 14:40     
 
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Yells: "BUY LOW SELL HIGH"
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 Alert Admin 		Nam Cheong, falling from high.

Is it good time to buy?cool
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bernardc
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24-Mar-2025 17:09     
 
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 Alert Admin 		Good for you... Ended 72..hit a ATH..of 74.5..

jeenli      ( Date: 24-Mar-2025 17:01) Posted:

I' ve already made 3x since buying it at 25 cents. You' re my exit liquidity as I rotate into other names. The company isn' t as attractive as when I first bought it, it' s very overbought at the moment. Its main customer is cutting back on vessel demand, very different from when I bought it that the demand for vessels was increasing.

TraderBen      ( Date: 24-Mar-2025 16:48) Posted:

if you dont belive the process dont buy.. easy.
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jeenli
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24-Mar-2025 17:01     
 
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 Alert Admin 		I' ve already made 3x since buying it at 25 cents. You' re my exit liquidity as I rotate into other names. The company isn' t as attractive as when I first bought it, it' s very overbought at the moment. Its main customer is cutting back on vessel demand, very different from when I bought it that the demand for vessels was increasing.

TraderBen      ( Date: 24-Mar-2025 16:48) Posted:

if you dont belive the process dont buy.. easy..

jeenli      ( Date: 24-Mar-2025 09:59) Posted:

You should read the announcement again. That contract includes options for extension likely for an additional 2-3 years bringing the total contract duration to 5-6 years. This amounts to approximately RM200m-250m per year.

If you expect the company to continue increasing its revenue and profits while signing long term contracts below market rates and with Petronas reducing the required number of vessels (this information is publicly available in Petrona' s website) I recommend seeking advice from someone who understands the industry. This looks more like a momentum play and once it ends expect a scenario similar to what' s happening with Perdana Petroleum, Sealink, and Marine & General who are Nam Cheong' s competitors in Malaysia
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bernardc
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24-Mar-2025 16:54     
 
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 Alert Admin 		As of now, there is no publicly available information confirming a direct contract between Nam Cheong and Petronas. However, Nam Cheong has secured significant multi-year offshore support vessel (OSV) charter contracts worth up to RM1.22 billion with regional and international oil majors. These contracts, announced on November 28, 2024, involve the chartering of 12 vessels, including anchor handling tug supply vessels, platform supply vessels, safety standby vessels, and landing craft, commencing in 2025 for a firm period of three years, with options for extension. While the specific clients were not disclosed, it is noteworthy that Nam Cheong has previously engaged in contracts with companies like Perdana Petroleum Berhad, a major offshore marine services provider in Malaysia. Additionally, Nam Cheong's CEO, Leong Seng Keat, has highlighted the robust offshore marine industry in Malaysia, spurred by Petronas' expanded capital expenditure in exploration and production. Given this context, it's plausible that Nam Cheong's recent contracts could involve collaborations with entities associated with Petronas, but without explicit confirmation, the exact nature of these relationships remains speculative.

TraderBen      ( Date: 24-Mar-2025 16:48) Posted:

if you dont belive the process dont buy.. easy..

jeenli      ( Date: 24-Mar-2025 09:59) Posted:

You should read the announcement again. That contract includes options for extension likely for an additional 2-3 years bringing the total contract duration to 5-6 years. This amounts to approximately RM200m-250m per year.

If you expect the company to continue increasing its revenue and profits while signing long term contracts below market rates and with Petronas reducing the required number of vessels (this information is publicly available in Petrona' s website) I recommend seeking advice from someone who understands the industry. This looks more like a momentum play and once it ends expect a scenario similar to what' s happening with Perdana Petroleum, Sealink, and Marine & General who are Nam Cheong' s competitors in Malaysia
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TraderBen
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24-Mar-2025 16:48     
 
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 Alert Admin 		if you dont belive the process dont buy.. easy..

jeenli      ( Date: 24-Mar-2025 09:59) Posted:

You should read the announcement again. That contract includes options for extension likely for an additional 2-3 years bringing the total contract duration to 5-6 years. This amounts to approximately RM200m-250m per year.

If you expect the company to continue increasing its revenue and profits while signing long term contracts below market rates and with Petronas reducing the required number of vessels (this information is publicly available in Petrona' s website) I recommend seeking advice from someone who understands the industry. This looks more like a momentum play and once it ends expect a scenario similar to what' s happening with Perdana Petroleum, Sealink, and Marine & General who are Nam Cheong' s competitors in Malaysia.

bernardc      ( Date: 24-Mar-2025 09:44) Posted:

The contract RM 1.22 B..nothing to scoff at at RM 400M A YEAR..THATS a good start... Let the market speak for itself.
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bernardc
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24-Mar-2025 14:08     
 
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 Alert Admin 		Wah .tug of war...going on...long or short .take your pick
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chiachiawee
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24-Mar-2025 11:19     
 
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 Alert Admin 		such is life. the thing/s that you stick on for long turns out to be not yours. while the ones that you wouldnt bat an eye lip turns out to be the best at last. be like water, my friends. cheers.
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bernardc
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24-Mar-2025 11:02     
 
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 Alert Admin 		Expect the enexpected

TraderBen      ( Date: 24-Mar-2025 10:21) Posted:

who would have tot this near bankrupcy company can flip so fast.. becuase banks wrote off debts.. so lucky to those who stuck with it.. 

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TraderBen
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24-Mar-2025 10:21     
 
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 Alert Admin 		who would have tot this near bankrupcy company can flip so fast.. becuase banks wrote off debts.. so lucky to those who stuck with it.. 
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TraderBen
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24-Mar-2025 10:18     
 
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 Alert Admin 		no joke.. this 1 yr returns is 6X.. so much better than dynamac.. 
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bernardc
Elite
24-Mar-2025 10:11     
 
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 Alert Admin 		74.5...cheong argh

SmallSmall      ( Date: 24-Mar-2025 10:02) Posted:

Good luck to the shorts.....$0.73 +$0.02
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SmallSmall
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24-Mar-2025 10:02     
 
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 Alert Admin 		Good luck to the shorts.....$0.73 +$0.02
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