| Latest Forum Topics / Beng Kuang Last:0.49 -- |
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New CEO and Placement, Positive Things Brewing?
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easywin
Supreme |
13-Apr-2023 08:55
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Already q so high to buy | ||
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ahsamtan98
Member |
13-Apr-2023 00:10
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In response to @trader1970 (sorry not too sure how to direct reply the comments below), I think higher profits would be great but really righr now things are very much in the air. But if we are actually speculating, I think it would be really awesome if the current Batam shipyard is testament to the quality of facilities it owns. Assets like these will definitely help Beng Kuang bounce back even faster, stronger and better, and their newly earned " financial agility" could help to accelerate that. | ||
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trader1970
Elite |
12-Apr-2023 20:42
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This sale of $8.64m will translate to at least an additonal $0.04/share. Will this good news help BK to run up tomorrow by at least 50%? mmmmm... seems like a possibility as in current context, CASH is KING as it can help to pare down debts and save an enormous amount of interest expense (> 1m in books) as well as setting aside for positive turnaround exercise. This coming year highly likely to report profits from this gain on disposal :)
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tedlim
Veteran |
12-Apr-2023 20:20
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Beng Kuang to sell one-third of its Batam shipyard for $8.64 mil https://www.theedgesingapore.com/capital/ma/beng-kuang-sell-one-third-its-batam-shipyard-864-mil Beng Kuang Marine BEZ 0.00% has entered into a conditional land sale & purchase agreement to sell a part of its Batam waterfront shipyard property for $8.64 million to a subsidiary of Oil States Industries, a major global provider of integrated energy systems and solutions. In the recent years, the group has been prioritising cost minimisation and deleveraging initiatives, while focusing on monetising fixed assets and high-potential business segments within its core business divisions to create new growth catalysts. Yong Jiunn Run, CEO of Beng Kuang says: &ldquo Capping another milestone in rationalising our fixed assets and transition towards an asset-light business model, this transaction provides an opportunity for the group to unlock value and partially monetise our shipyard property at a premium to our initial investment.&rdquo &ldquo The proceeds from this transaction will significantly enhance our liquidity position, strengthen our balance sheet and further reduce our gearing as well as interest expenses. Building on this momentum, Beng Kuang Group will have more financial agility to harness the opportunities in the marine and offshore industries, accelerating our turnaround strategy in 2023,&rdquo he adds. |
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ahsamtan98
Member |
06-Apr-2023 13:29
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$Beng Kuang(BEZ.SI) https://sginvestors.io/analysts/research/2023/01/offshore-marine-stocks-uob-kay-hian-research-2023-01-31 No doubt maritime and offshore drilling companies will see more business. A lot of analysts from big banks seem to focus a lot on the bigger players, but I think that the surge will be industry-wide. High chance Beng Kuang Marine will also be able to ride this wave. But please do your own DD. |
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For_The_Next_Leg
Master |
27-Mar-2023 09:44
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$Beng Kuang(BEZ.SI) The future will be bright. https://splash247.com/fpso-sector-poised-for-up-to-50-contract-awards-this-decade/ |
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For_The_Next_Leg
Master |
15-Mar-2023 09:41
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$Beng Kuang(BEZ.SI) FPSO are still in demand!
https://www.upstreamonline.com/exclusive/fpso-contractors-set-sights-on-five-promising-floater-prospects-in-south-east-asia/2-1-1417140
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For_The_Next_Leg
Master |
13-Mar-2023 09:51
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$Beng Kuang(BEZ.SI) As bad as the financials are, the main point is that the company was still able to generate double the free cash flow with the overall borrowing decreases as compared to previous year.
https://links.sgx.com/1.0.0/corporate-announcements/1ZMAY11015OIVW7V/775887bc18310354ff2482a063b09d4956ac3f025f73b53cd8bfd88b25525736
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Joelton
Supreme |
01-Mar-2023 11:25
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Beng Kuang Posts Revenue Growth Of 15.2% To S$59.13 Million In FY2022 Achieved Adjusted Ebitda Of S$2.80 Million With Net Cash Of S$7.39 Million Generated From Operating Activities During FY2022
&bull The Group&rsquo s IE and CP business divisions were the key revenue contributors in FY2022 with the IE business division posting revenue growth of 30.5% in FY2022, driven by strong performance of its ASOM business unit and deck equipment business unit
&bull The Group&rsquo s IE order book stood at S$19.40 million as at 31 December 2022, of which S$16.28 million was attributed to ASOM that provides specialised on-site vessel repair and maintenance solutions to operating floating asset, such as FPSO and FSO vessels, leveraging on SPS Technology
&bull Recognised a one-time loss of S$16.64 million from the Group&rsquo s livestock vessels business activities, which have been classified as Discontinued Operations, that is undergoing a winding-up process
&bull Net cash inflow generated from operating activities improved to S$7.39 million during FY2022
&bull With a substantial amount of fixed assets in the balance sheet, the Group registered a depreciation expense (non-cash component) on continuing operations of S$6.65 million for FY2022
&bull Prioritising costs minimisation and deleveraging initiatives, while focusing on monetising fixed assets and high-potential business segments to create new growth catalysts
Commenting on the Group&rsquo s FY2022 results, Mr Yong Jiunn Run, Chief Executive Officer of Beng Kuang Group, said: &ldquo Our organic revenue growth, healthy cash flow generation and positive adjusted EBITDA of S$2.80 million in FY2022 reflects our enhanced potential with an asset-light operating model.
While we have gained traction in cost minimisation and deleveraging initiatives during the year, the Group recognised a one-time loss of S$16.64 million, from our discontinued operations relating to our livestock vessels, that amplified our losses in FY2022.
Nevertheless, it is a necessary step to eradicate related costs as we progress ahead with a clear strategy to increase revenues and improve cost discipline, which will lead to further deleveraging.
The aim of these initiatives is to further strengthen cash flow, improve our cost-efficiency, and to generate additional organic growth through our high-potential business segments. I believe we have a more agile business platform on which to build Beng Kuang' s future, and we see the current market dynamics as a significant opportunity, and we have set ourselves the goal to build sustainable growth ahead.&rdquo
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WBdisciple
Elite |
24-Feb-2023 17:21
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Once the livestock vessels are out, results will likely look better...let' s see how fast they can move | ||
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For_The_Next_Leg
Master |
24-Feb-2023 12:10
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An article about Beng Kuang, especially on their future growth. https://www.tubinvesting.com/2023/02/beng-kuang-marine-poised-for-growth-as.html |
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For_The_Next_Leg
Master |
15-Feb-2023 12:04
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$Beng Kuang(BEZ.SI) When there is so much politics and so much money at stake, oil prices will remain high/or supported. FPSO demand will continue to hold and eventually Beng Kuang will gain since they provide maintenace for FPSO. The more FPSO, the merrier it is for Beng Kuang.
https://www.bloomberg.com/news/articles/2023-02-10/russia-plans-to-cut-march-oil-output-by-500-000-b-d-novak-says
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doremifatso
Senior |
10-Feb-2023 09:22
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This CEO says he wants to increase his stake in the company. He seems confident about Beng Kuang's prospects.
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For_The_Next_Leg
Master |
09-Feb-2023 13:39
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$Beng Kuang(BEZ.SI) Has a paywall involved, but seems to be a prudent investor. Main investment is in Beng Kuang.
https://www.straitstimes.com/business/invest/me-my-money-ceo-and-ex-banker-takes-nimble-approach-to-investing
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For_The_Next_Leg
Master |
03-Feb-2023 13:22
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$Beng Kuang(BEZ.SI) oil prices will be supported. " The U.S. Energy Department said on Friday it will begin buying back oil for the Strategic Petroleum Reserve, or SPR, the first purchase since this year' s record 180 million barrel release from the stockpile. The department will buy up to 3 million barrels for delivery in February, a senior official told reporters." https://www.reuters.com/business/energy/us-begins-buying-back-oil-strategic-reserve-official-2022-12-16/ |
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For_The_Next_Leg
Master |
31-Jan-2023 13:29
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$Beng Kuang(BEZ.SI) oil prices will go up again as US start refilling their SPR! That could push up prices for Beng Kuang!
https://www.energyintel.com/00000185-ddc0-dba7-a19f-fde358ca0000
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For_The_Next_Leg
Master |
06-Jan-2023 10:43
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$Beng Kuang(BEZ.SI) As oil prices continue to stay levied, it will be beneficial for the company as future demand of their maintenance services of FPSO increases. Basically, oil price increases > continued increment in demand for FPSO > new FPSO built > more demand for future maintenance. https://markets.businessinsider.com/news/commodities/oil-price-outlook-crude-risk-100-gas-energy-crunch-eurasia-2023-1 |
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For_The_Next_Leg
Master |
04-Jan-2023 08:45
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$Beng Kuang(BEZ.SI) maintenance of FPSO is a big part of their business. Thus, demand for FPSO seem to have came down with oil prices also stagnating at below 90. Therefore the next phase may arrive sooner than later, there will be a chance where the demand for the company services will increase in the near term. | ||
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newbie19
Supreme |
28-Dec-2022 13:54
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For_The_Next_Leg
Master |
28-Dec-2022 13:19
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$Beng Kuang(BEZ.SI)
" Achieving profitability in 9M2022 despite lower gross profit: The Group registered lower gross profit
margin of 16.8% in 9M2022, mainly due to a one-time indirect overhead costs related to worksite
relocation costs, rectification works for a IE project as well as higher procurement costs from local
suppliers on consumables for CP business division due to the SD business unit facing temporary delays
from its Chinese imports."
As per press release, china opening up and no impact from 1 time cost could significantly increase the net profit.
https://links.sgx.com/1.0.0/corporate-announcements/5606NKWFPK1IGF98/2a8ca20d3923a091baf1b88a635c1a2b40bf9dcdd801cb20f07d0f5194b8df5b
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