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Latest Forum Topics / Beng Kuang    Last:0.495    +0.005  Post Reply
New CEO and Placement, Positive Things Brewing?
PQTPQK
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11-Feb-2025 11:31     
 
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 Alert Admin 		any ideas when the result out ?

stlimst      ( Date: 11-Feb-2025 11:28) Posted:

The interest in BK is picking up.
Both price and volume are trending up.

With the impending great results for 4Q and full year 2024, BK will surely ' explode' .
Breaking 30 cents and going on to crossing the 52-week high of 33 cents is a matter of time.
Sooner rather than later as the results annnouncement should be soon.

Good luck investors!

PQTPQK      ( Date: 11-Feb-2025 11:19) Posted:

hope to break 0.30 soon ..
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stlimst
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11-Feb-2025 11:28     
 
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 Alert Admin 		The interest in BK is picking up.
Both price and volume are trending up.

With the impending great results for 4Q and full year 2024, BK will surely ' explode' .
Breaking 30 cents and going on to crossing the 52-week high of 33 cents is a matter of time.
Sooner rather than later as the results annnouncement should be soon.

Good luck investors!

PQTPQK      ( Date: 11-Feb-2025 11:19) Posted:

hope to break 0.30 soon ...

TraderBen      ( Date: 11-Feb-2025 09:58) Posted:

waiting to explode
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PQTPQK
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11-Feb-2025 11:19     
 
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 Alert Admin 		hope to break 0.30 soon ...

TraderBen      ( Date: 11-Feb-2025 09:58) Posted:

waiting to explode!

stlimst      ( Date: 10-Feb-2025 17:43) Posted:

BK will be reporting sterling 4Q 2024 and full year 2024 results soon.
Will see the share price crossing the 30 cents level and eventually hitting the 52-week high of 33 cents.

Yes, I am holding tight tight to my investment
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TraderBen
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11-Feb-2025 09:58     
 
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 Alert Admin 		waiting to explode!

stlimst      ( Date: 10-Feb-2025 17:43) Posted:

BK will be reporting sterling 4Q 2024 and full year 2024 results soon.
Will see the share price crossing the 30 cents level and eventually hitting the 52-week high of 33 cents.

Yes, I am holding tight tight to my investment.

dot123      ( Date: 10-Feb-2025 16:14) Posted:

hold tight tight...dyodd
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stlimst
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10-Feb-2025 17:43     
 
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 Alert Admin 		BK will be reporting sterling 4Q 2024 and full year 2024 results soon.
Will see the share price crossing the 30 cents level and eventually hitting the 52-week high of 33 cents.

Yes, I am holding tight tight to my investment.

dot123      ( Date: 10-Feb-2025 16:14) Posted:

hold tight tight...dyodd
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dot123
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10-Feb-2025 16:14     
 
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 Alert Admin 		hold tight tight...dyodd
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PQTPQK
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10-Feb-2025 15:14     
 
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 Alert Admin 		good vol today..

trader1970      ( Date: 10-Feb-2025 14:59) Posted:

Cup and handle forming... 29 immediate target to catch up with the OSVs rally...  enlightened

TraderBen      ( Date: 10-Feb-2025 10:31) Posted:

should be soon.. attempt to break 33 cents agai
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trader1970
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10-Feb-2025 14:59     
 
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 Alert Admin 		Cup and handle forming... 29 immediate target to catch up with the OSVs rally...  enlightened

TraderBen      ( Date: 10-Feb-2025 10:31) Posted:

should be soon.. attempt to break 33 cents again

PQTPQK      ( Date: 10-Feb-2025 10:12) Posted:

hope can move soon.
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TraderBen
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10-Feb-2025 10:31     
 
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 Alert Admin 		should be soon.. attempt to break 33 cents again

PQTPQK      ( Date: 10-Feb-2025 10:12) Posted:

hope can move soon..

For_The_Next_Leg      ( Date: 06-Feb-2025 10:27) Posted:

The tanker industry is getting interesting. The increase in tanker rates, will likely cause an increase in demand for tankers, and in the long run benefit Beng Kuang since maintenance revenue will likely increase.
 
https://www.reuters.com/markets/commodities/tanker-rates-extend-rally-sanctions-demand-load-mideast-oil-2025-01-15/
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PQTPQK
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10-Feb-2025 10:12     
 
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 Alert Admin 		hope can move soon..

For_The_Next_Leg      ( Date: 06-Feb-2025 10:27) Posted:

The tanker industry is getting interesting. The increase in tanker rates, will likely cause an increase in demand for tankers, and in the long run benefit Beng Kuang since maintenance revenue will likely increase.
 
https://www.reuters.com/markets/commodities/tanker-rates-extend-rally-sanctions-demand-load-mideast-oil-2025-01-15/
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For_The_Next_Leg
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06-Feb-2025 10:27     
 
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 Alert Admin
The tanker industry is getting interesting. The increase in tanker rates, will likely cause an increase in demand for tankers, and in the long run benefit Beng Kuang since maintenance revenue will likely increase.
 
https://www.reuters.com/markets/commodities/tanker-rates-extend-rally-sanctions-demand-load-mideast-oil-2025-01-15/
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stlimst
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27-Jan-2025 15:58     
 
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 Alert Admin 		Thanks Focusy for the insightful Nextinsight article.
From the article, the gross revenue and net profit for 6-month FY24 is already more than the whole of FY23!!

BK will continue to be the bright spark for our local market for 2025 - thanks to BK2.0 strategy and the capable management under CEO Yong.
Extrapolating, the FY24 full year results will be a record for BK both top line and bottom line.
Which could explain why the share price is on the uptrend.

I am expecting the share price to cross the 52-week high of $0.33 cents before the release of the 2024 4Q and full year results at the end of Feb.

focusy      ( Date: 27-Jan-2025 10:20) Posted:

--- Post Removed by User ---
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dot123
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27-Jan-2025 10:15     
 
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 Alert Admin 		Can see 0.245 eaten up whenever available...be patient...will come...dyodd
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stlimst
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25-Jan-2025 20:43     
 
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 Alert Admin 		I am confident that the share price will hit the previous high of 33 cents....matter of time.
Likely before the release of 4Q and full year results by end Feb..

Cheers.

PQTPQK      ( Date: 25-Jan-2025 18:14) Posted:

Hope it will test the previous high soon

stlimst      ( Date: 24-Jan-2025 11:12) Posted:

Thanks Bro for providing the writeup in The Edge on Beng Kuang.

CEO Yong is right to be optimistic and good to be cautious.
All the business divisions are firing up and for FY24,the results will be sparkiing.

 
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PQTPQK
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25-Jan-2025 18:14     
 
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 Alert Admin 		Hope it will test the previous high soon

stlimst      ( Date: 24-Jan-2025 11:12) Posted:

Thanks Bro for providing the writeup in The Edge on Beng Kuang.

CEO Yong is right to be optimistic and good to be cautious.
All the business divisions are firing up and for FY24,the results will be sparkiing.

 

Joelton      ( Date: 24-Jan-2025 10:36) Posted:

Our 2025 picks: Beng Kuang Marine &mdash Asset-light model to ride industry growth
 
Beng Kuang Marine was one of the top gainers in 2024, with the counter surging some 283.3% in the past 12 months to trade at 22 cents as of Jan 17, giving it a market cap of $45.8 million. This growth follows the company&rsquo s decision to undergo a thorough business restructuring under the leadership of its new CEO, Yong Jiunn Run.
 
The offshore and marine company, listed in 2004 during a robust industry upcycle, weathered the subsequent downturn that undermined many of its peers. However, it remained in poor condition until Yong, a former CIMB banker, steered it towards an asset-light model, streamlining its capital-intensive business segments for greater efficiency.
 
As the industry rebounds, Beng Kuang has raised new funds and shed its loss-making ventures, including ship chartering, hardware distribution and bottled water supply. It has also been removed from the SGX Watchlist.
 
&ldquo Several businesses, such as the livestock carrier one (ship chartering), were bleeding and cost-inefficient. They could not create value and there was no chance for Beng Kuang to emerge as a key player in the market, be competitive and make a difference,&rdquo Yong said in a previous interview with The Edge Singapore.
 
Although things are looking up, Yong remains cautiously optimistic. He says: &ldquo Although we are positive now, it doesn&rsquo t mean that it is sustainable. We need to seek out and build new revenue engines. We have to remain capex-light and we will not &lsquo buy&rsquo our profit anymore.&rdquo
 
Yong envisions the infrastructure engineering division becoming more service-oriented and asset-light, with the Batam yard as its sole asset. &ldquo Being asset-light will help the company be more nimble and agile. If the industry turns, it will be easier for us to extricate and rebound. We won&rsquo t suffer like we did during the pandemic and the oil and gas downturn,&rdquo he adds.
 
In a sign that the company is trying to inject some new blood, it announced on Jan 6 the appointment of 28-year-old Dylan Chua as the CEO of its corrosion prevention division, one of the company&rsquo s two key units. Chua is the son of the company&rsquo s chief operating officer Chua Beng Hock and nephew of executive chairman Chua Beng Yong.
 
Beng Kuang started to show signs of recovery in FY2023 ended Dec 31, 2023. It reported a $3.4 million profit, reversing from the $8.6 million loss of the previous year. Additionally, the company no longer incurred losses from discontinued operations. The earnings momentum was carried into FY2024. In its 3QFY2024 business update, the company reported a revenue gain of 25% y-o-y to $26.8 million, whereas profit before tax (PBT) came in at $3.79 million, up 27% y-o-y.
 
Jarick Seet of Maybank Securities seems to have high expectations for this company. He noted that Beng Kuang&rsquo s PBT growth missed expectations partially due to the dry-docking of one of its customer&rsquo s accommodation barges. Meanwhile, Beng Kuang&rsquo s infrastructure engineering (IE) segment&rsquo s growth in the quarter remained robust, fuelled by demand for asset integrity solutions supporting floating production storage and offloading (FPSO) as well as floating storage and offloading (FSO) in onshore and offshore markets.
 
Seet, who has a &ldquo buy&rdquo call on this counter and 27 cents target price, slightly lowered from 29 cents previously, reckons Beng Kuang&rsquo s corrosion prevention business is also on track to make a slight profit in FY2024 from loss-making a year ago and to grow further and generate earnings of between $2 million to $2.5 million in the current FY2025.
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stlimst
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24-Jan-2025 11:12     
 
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 Alert Admin 		Thanks Bro for providing the writeup in The Edge on Beng Kuang.

CEO Yong is right to be optimistic and good to be cautious.
All the business divisions are firing up and for FY24,the results will be sparkiing.

 

Joelton      ( Date: 24-Jan-2025 10:36) Posted:

Our 2025 picks: Beng Kuang Marine &mdash Asset-light model to ride industry growth
 
Beng Kuang Marine was one of the top gainers in 2024, with the counter surging some 283.3% in the past 12 months to trade at 22 cents as of Jan 17, giving it a market cap of $45.8 million. This growth follows the company&rsquo s decision to undergo a thorough business restructuring under the leadership of its new CEO, Yong Jiunn Run.
 
The offshore and marine company, listed in 2004 during a robust industry upcycle, weathered the subsequent downturn that undermined many of its peers. However, it remained in poor condition until Yong, a former CIMB banker, steered it towards an asset-light model, streamlining its capital-intensive business segments for greater efficiency.
 
As the industry rebounds, Beng Kuang has raised new funds and shed its loss-making ventures, including ship chartering, hardware distribution and bottled water supply. It has also been removed from the SGX Watchlist.
 
&ldquo Several businesses, such as the livestock carrier one (ship chartering), were bleeding and cost-inefficient. They could not create value and there was no chance for Beng Kuang to emerge as a key player in the market, be competitive and make a difference,&rdquo Yong said in a previous interview with The Edge Singapore.
 
Although things are looking up, Yong remains cautiously optimistic. He says: &ldquo Although we are positive now, it doesn&rsquo t mean that it is sustainable. We need to seek out and build new revenue engines. We have to remain capex-light and we will not &lsquo buy&rsquo our profit anymore.&rdquo
 
Yong envisions the infrastructure engineering division becoming more service-oriented and asset-light, with the Batam yard as its sole asset. &ldquo Being asset-light will help the company be more nimble and agile. If the industry turns, it will be easier for us to extricate and rebound. We won&rsquo t suffer like we did during the pandemic and the oil and gas downturn,&rdquo he adds.
 
In a sign that the company is trying to inject some new blood, it announced on Jan 6 the appointment of 28-year-old Dylan Chua as the CEO of its corrosion prevention division, one of the company&rsquo s two key units. Chua is the son of the company&rsquo s chief operating officer Chua Beng Hock and nephew of executive chairman Chua Beng Yong.
 
Beng Kuang started to show signs of recovery in FY2023 ended Dec 31, 2023. It reported a $3.4 million profit, reversing from the $8.6 million loss of the previous year. Additionally, the company no longer incurred losses from discontinued operations. The earnings momentum was carried into FY2024. In its 3QFY2024 business update, the company reported a revenue gain of 25% y-o-y to $26.8 million, whereas profit before tax (PBT) came in at $3.79 million, up 27% y-o-y.
 
Jarick Seet of Maybank Securities seems to have high expectations for this company. He noted that Beng Kuang&rsquo s PBT growth missed expectations partially due to the dry-docking of one of its customer&rsquo s accommodation barges. Meanwhile, Beng Kuang&rsquo s infrastructure engineering (IE) segment&rsquo s growth in the quarter remained robust, fuelled by demand for asset integrity solutions supporting floating production storage and offloading (FPSO) as well as floating storage and offloading (FSO) in onshore and offshore markets.
 
Seet, who has a &ldquo buy&rdquo call on this counter and 27 cents target price, slightly lowered from 29 cents previously, reckons Beng Kuang&rsquo s corrosion prevention business is also on track to make a slight profit in FY2024 from loss-making a year ago and to grow further and generate earnings of between $2 million to $2.5 million in the current FY2025.
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Joelton
Supreme
24-Jan-2025 10:36     
 
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 Alert Admin
Our 2025 picks: Beng Kuang Marine &mdash Asset-light model to ride industry growth
 
Beng Kuang Marine was one of the top gainers in 2024, with the counter surging some 283.3% in the past 12 months to trade at 22 cents as of Jan 17, giving it a market cap of $45.8 million. This growth follows the company&rsquo s decision to undergo a thorough business restructuring under the leadership of its new CEO, Yong Jiunn Run.
 
The offshore and marine company, listed in 2004 during a robust industry upcycle, weathered the subsequent downturn that undermined many of its peers. However, it remained in poor condition until Yong, a former CIMB banker, steered it towards an asset-light model, streamlining its capital-intensive business segments for greater efficiency.
 
As the industry rebounds, Beng Kuang has raised new funds and shed its loss-making ventures, including ship chartering, hardware distribution and bottled water supply. It has also been removed from the SGX Watchlist.
 
&ldquo Several businesses, such as the livestock carrier one (ship chartering), were bleeding and cost-inefficient. They could not create value and there was no chance for Beng Kuang to emerge as a key player in the market, be competitive and make a difference,&rdquo Yong said in a previous interview with The Edge Singapore.
 
Although things are looking up, Yong remains cautiously optimistic. He says: &ldquo Although we are positive now, it doesn&rsquo t mean that it is sustainable. We need to seek out and build new revenue engines. We have to remain capex-light and we will not &lsquo buy&rsquo our profit anymore.&rdquo
 
Yong envisions the infrastructure engineering division becoming more service-oriented and asset-light, with the Batam yard as its sole asset. &ldquo Being asset-light will help the company be more nimble and agile. If the industry turns, it will be easier for us to extricate and rebound. We won&rsquo t suffer like we did during the pandemic and the oil and gas downturn,&rdquo he adds.
 
In a sign that the company is trying to inject some new blood, it announced on Jan 6 the appointment of 28-year-old Dylan Chua as the CEO of its corrosion prevention division, one of the company&rsquo s two key units. Chua is the son of the company&rsquo s chief operating officer Chua Beng Hock and nephew of executive chairman Chua Beng Yong.
 
Beng Kuang started to show signs of recovery in FY2023 ended Dec 31, 2023. It reported a $3.4 million profit, reversing from the $8.6 million loss of the previous year. Additionally, the company no longer incurred losses from discontinued operations. The earnings momentum was carried into FY2024. In its 3QFY2024 business update, the company reported a revenue gain of 25% y-o-y to $26.8 million, whereas profit before tax (PBT) came in at $3.79 million, up 27% y-o-y.
 
Jarick Seet of Maybank Securities seems to have high expectations for this company. He noted that Beng Kuang&rsquo s PBT growth missed expectations partially due to the dry-docking of one of its customer&rsquo s accommodation barges. Meanwhile, Beng Kuang&rsquo s infrastructure engineering (IE) segment&rsquo s growth in the quarter remained robust, fuelled by demand for asset integrity solutions supporting floating production storage and offloading (FPSO) as well as floating storage and offloading (FSO) in onshore and offshore markets.
 
Seet, who has a &ldquo buy&rdquo call on this counter and 27 cents target price, slightly lowered from 29 cents previously, reckons Beng Kuang&rsquo s corrosion prevention business is also on track to make a slight profit in FY2024 from loss-making a year ago and to grow further and generate earnings of between $2 million to $2.5 million in the current FY2025.
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stlimst
Master
23-Jan-2025 21:04     
 
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 Alert Admin 		That' s right, it is healthy to see the share price trending up in a sustainable mode, rather than wild fluctuation.
Moving towards the $0.30 cent mark by the end of the Jan 2025?

I have great respect for BK' s CEO Yong. He has good vision for the company and his execution is great.
Pivoting to asset light model is the way to go.
Gone are the days where heavy asset holdings made it diffcult for BK to be nimble.
See this report just published today :
https://www.theedgesingapore.com/news/stocks-watch/our-2025-picks-beng-kuang-marine--asset-light-model-ride-industry-growth

Good luck to investors!

dot123      ( Date: 23-Jan-2025 14:17) Posted:

slow and steady up....very healthy

stlimst      ( Date: 23-Jan-2025 14:15) Posted:

Good to see there's sustained interest in BK. Let's hope this one goes on to touch 30 series
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dot123
Senior
23-Jan-2025 14:17     
 
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 Alert Admin 		slow and steady up....very healthy

stlimst      ( Date: 23-Jan-2025 14:15) Posted:

Good to see there's sustained interest in BK. Let's hope this one goes on to touch 30 series.

stlimst      ( Date: 22-Jan-2025 08:56) Posted:

Last full year reporting was on 27 Feb 2024.
The reporting this full year should be around end Feb 2025.

Enough time for considering the merit of BK2.0 and build up the invetsment
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stlimst
Master
23-Jan-2025 14:15     
 
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 Alert Admin 		Good to see there's sustained interest in BK. Let's hope this one goes on to touch 30 series.

stlimst      ( Date: 22-Jan-2025 08:56) Posted:

Last full year reporting was on 27 Feb 2024.
The reporting this full year should be around end Feb 2025.

Enough time for considering the merit of BK2.0 and build up the invetsment.

PQTPQK      ( Date: 22-Jan-2025 06:28) Posted:

When will be the results
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