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Latest Forum Topics / Beng Kuang    Last:0.49    -0.015  Post Reply
New CEO and Placement, Positive Things Brewing?
des_khor
Supreme
30-Sep-2021 18:15     
 
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Yells: "Tell me who is God or Market Fortune Teller in this forum ??"
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 Alert Admin 		Will tmr chiong pass 11 ?
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tedlim
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29-Sep-2021 13:22     
 
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 Alert Admin 		THe new CEO is a former banker...reckon he knows the best way forward...

Current stable oil and gas market will likely benefit their business activites...good one to keep under radar, current valuations of S$15 million..is much cheaper that a GCB....heehee
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whereru
Senior
29-Sep-2021 11:26     
 
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 Alert Admin 		Means rights issue is coming la!

For_The_Next_Leg      ( Date: 29-Sep-2021 11:25) Posted:

$Beng Kuang(BEZ.SI) I believe there is a chance where the company will benefit from the recent energy crisis in China. In addition, they are requesting for corporate actions which most probably will happen in view of this crisis.
 
" ...exploring &ldquo possible corporate actions and exercises&rdquo to create value for its businesses and shareholders..."
 
https://www.theedgesingapore.com/news/sgx-query/beng-kuang-explore-possible-corporate-actions-create-value-shareholders-response-sgx
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For_The_Next_Leg
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29-Sep-2021 11:25     
 
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$Beng Kuang(BEZ.SI) I believe there is a chance where the company will benefit from the recent energy crisis in China. In addition, they are requesting for corporate actions which most probably will happen in view of this crisis.
 
" ...exploring &ldquo possible corporate actions and exercises&rdquo to create value for its businesses and shareholders..."
 
https://www.theedgesingapore.com/news/sgx-query/beng-kuang-explore-possible-corporate-actions-create-value-shareholders-response-sgx
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tedlim
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29-Sep-2021 08:24     
 
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 Alert Admin 		Brent oil soars above US$80 as global energy crunch shakes markets
  Oil has soared this year as the roll-out of vaccines to combat the Covi-19 pandemic aids energy demand.
UPDATEDSEP 28, 2021, 3:05 PM
SINGAPORE (BLOOMBERG) - Brent oil roared above US$80 a barrel - for the first time in almost three years - on signs that demand is running ahead of supply, depleting inventories amid a global energy crunch.

The leading crude benchmark rose for a sixth day to hit the highest since October 2018, while West Texas Intermediate (WTI), the US benchmark, extended gains. 

Brent crude futures gained US$1.10, or 1.4 per cent, to US$80.63 a barrel at 2.25pm Singapore time. WTI futures rose US$1.11, or 0.5 per cent to $76.56. It jumped 2 per cent the previous day.

Oil' s latest upswing has come amid a flurry of bullish price predictions from banks and traders, further gains in natural gas, and speculation the energy industry isn' t investing enough in fossil fuels to keep supplies at current levels.

Oil has soared this year as the roll-out of vaccines to combat the Covid-19 pandemic aids energy demand, spurring a drop in US inventories. A dramatic surge in natural gas has stoked bets that crude will benefit from spillover demand as users seek alternatives. Trafigura Group, one of the world' s largest commodity trading houses, is among those that are forecasting higher oil prices.

" It looks like the oil rally has still got some legs," said John Driscoll, chief strategist at JTD Energy Services. " Fundamentals are still pretty convincing, demand is recovering, backwardation is increasing. I just don' t see any evidence yet that the rally has topped out."

While worldwide demand has increased, the Organization of Petroleum Exporting Countries (Opec) and its allies including Russia have been easing supply curbs with great caution. Later Tuesday, Opec will release its World Oil Outlook, which will detail the group' s views on market fundamentals.

Crude demand could rise 500,000 barrels a day as high gas prices force a switch, Commonwealth Bank of Australia analyst Vivek Dhar said in a note. That would tighten markets further, especially with Opec+ making only conservative additions to supply, Mr Dhar said. On Tuesday, US natural gas rallied again.

Inventory draws are the " largest on record" and Opec+ can' t restore the market' s balance, Goldman Sachs Group said in a note earlier this week. The deficit " will not be reversed in coming months, in our view, as its scale will overwhelm both the willingness and ability of Opec+ to ramp up," it said.

Global oil consumption is expected to return to pre-pandemic levels in the third quarter of 2022, according to BP. Demand is expected to see an average gain of 3.8 million barrels a day on-year, President of BP Singapore Eugene Leong said in an interview.
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xKaiseRx
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28-Sep-2021 08:47     
 
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 Alert Admin 		lols look at their opening price lor...

tedlim      ( Date: 28-Sep-2021 07:34) Posted:

Beng Kuang Marine' s biz activities will likely benefit...pls do your own DD...

UOB Kay Hian upgrades offshore & marine sector to ' overweight' as industry activity expected to pick up in 2022
https://www.theedgesingapore.com/capital/offshore-marine/uob-kay-hian-upgrades-offshore-marine-sector-overweight-industry-activity

UOB Kay Hian analyst Adrian Loh has upgraded his recommendation on the offshore & marine (O& M) sector to &ldquo overweight&rdquo due to growth in competitive utilisation for offshore rigs, which are approaching pre-pandemic levels.

Loh&rsquo s upgrade also comes as activity in the industry is expected to pick up in 2022.

&ldquo Should activity in the oil and gas industry strengthen, leading to a revival in the offshore & marine industry, we could see a cyclical upturn begin in the next six to 12 months. This assumes that the current wave of Covid-19 infections globally is dealt with in a reasonably quick manner and that governments are able treat the virus as an endemic,&rdquo he writes in a Sept 27 report.

  &ldquo Looking at future projects, the demand for production assets appears to have meaningful upside in the next few years which could have positive ramifications for both Keppel Corporation and Sembcorp Marine (SembMarine),&rdquo he adds.

According to independent energy research company Rystad Energy, up to US$70 billion ($94.73 billion) of offshore oil projects could be sanctioned by 2023 with another US$50 billion of offshore gas projects sanctioned by 2024.

Furthermore, oil prices are likely to rise to US$100 per barrel in the medium term as the lack of human resources and lower industry capital expenditure (capex) could curtail oil supply in the face of demand recovery from 2022 to 2025.

Looking back at the past six months, the forward Brent oil price for 2025 delivery has risen from US$54 per barrel to US$60 per barrel, and is more supportive of the oil industry capex, notes Loh.

While oil companies have yet to respond, Loh feels that &ldquo with higher free cash flow generation in 2021, we expect industry capex to pick up going forward.&rdquo

To this end, Loh&rsquo s top picks for the O& M sector &ndash Yangzijiang, Keppel Corporation and SembMarine &ndash have remained the same.

&ldquo Yangzijiang (YZJ) should see margin expansion from 2HFY2021 onwards and also potentially list its debt investments business,&rdquo he writes.

Keppel Corp is also another keeper in Loh&rsquo s books &ldquo due to its undemanding valuations and potential positive news flow regarding the merger of its O& M business unit&rdquo .

&ldquo In addition, we believe that SembMarine&rsquo s risk-reward appears skewed to the upside post its recent successful $1.5 billion rights issue,&rdquo he adds.

Loh has given &ldquo buy&rdquo calls for Yangzijiang, Keppel and SembMarine with target prices of $2, $6.48 and 11 cents respectively.

He has also rated Sembcorp Industries &ldquo buy&rdquo with a target price of $2.59.

Despite the downgrades to earlier forecasts, Loh says oil demand is still expected to show a V-shaped recovery in 2021.
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tedlim
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28-Sep-2021 07:34     
 
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 Alert Admin

Beng Kuang Marine' s biz activities will likely benefit...pls do your own DD...

UOB Kay Hian upgrades offshore & marine sector to ' overweight' as industry activity expected to pick up in 2022
https://www.theedgesingapore.com/capital/offshore-marine/uob-kay-hian-upgrades-offshore-marine-sector-overweight-industry-activity

UOB Kay Hian analyst Adrian Loh has upgraded his recommendation on the offshore & marine (O& M) sector to &ldquo overweight&rdquo due to growth in competitive utilisation for offshore rigs, which are approaching pre-pandemic levels.

Loh&rsquo s upgrade also comes as activity in the industry is expected to pick up in 2022.

&ldquo Should activity in the oil and gas industry strengthen, leading to a revival in the offshore & marine industry, we could see a cyclical upturn begin in the next six to 12 months. This assumes that the current wave of Covid-19 infections globally is dealt with in a reasonably quick manner and that governments are able treat the virus as an endemic,&rdquo he writes in a Sept 27 report.

  &ldquo Looking at future projects, the demand for production assets appears to have meaningful upside in the next few years which could have positive ramifications for both Keppel Corporation and Sembcorp Marine (SembMarine),&rdquo he adds.

According to independent energy research company Rystad Energy, up to US$70 billion ($94.73 billion) of offshore oil projects could be sanctioned by 2023 with another US$50 billion of offshore gas projects sanctioned by 2024.

Furthermore, oil prices are likely to rise to US$100 per barrel in the medium term as the lack of human resources and lower industry capital expenditure (capex) could curtail oil supply in the face of demand recovery from 2022 to 2025.

Looking back at the past six months, the forward Brent oil price for 2025 delivery has risen from US$54 per barrel to US$60 per barrel, and is more supportive of the oil industry capex, notes Loh.

While oil companies have yet to respond, Loh feels that &ldquo with higher free cash flow generation in 2021, we expect industry capex to pick up going forward.&rdquo

To this end, Loh&rsquo s top picks for the O& M sector &ndash Yangzijiang, Keppel Corporation and SembMarine &ndash have remained the same.

&ldquo Yangzijiang (YZJ) should see margin expansion from 2HFY2021 onwards and also potentially list its debt investments business,&rdquo he writes.

Keppel Corp is also another keeper in Loh&rsquo s books &ldquo due to its undemanding valuations and potential positive news flow regarding the merger of its O& M business unit&rdquo .

&ldquo In addition, we believe that SembMarine&rsquo s risk-reward appears skewed to the upside post its recent successful $1.5 billion rights issue,&rdquo he adds.

Loh has given &ldquo buy&rdquo calls for Yangzijiang, Keppel and SembMarine with target prices of $2, $6.48 and 11 cents respectively.

He has also rated Sembcorp Industries &ldquo buy&rdquo with a target price of $2.59.

Despite the downgrades to earlier forecasts, Loh says oil demand is still expected to show a V-shaped recovery in 2021.
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xKaiseRx
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27-Sep-2021 10:39     
 
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 Alert Admin 		Their response is amusing... either purposely to push down.. else dont know how to draft announcement..

Joelton      ( Date: 25-Sep-2021 10:22) Posted:

Beng Kuang to explore ' possible corporate actions' to create value for shareholders in response to SGX query
Beng Kuang Marine has revealed, on Sept 24, that it is exploring &ldquo possible corporate actions and exercises&rdquo to create value for its businesses and shareholders.
 
The revelation came after the company&rsquo s shares shot up by 52.3% to 9.9 cents as at 2.12pm, from its last-closed price of 6.5 cents.
 
The intra-day spike triggered a query from market regulator Singapore Exchange Regulation (SGX RegCo), who has asked the company to explain the &ldquo unusual volume movements&rdquo in its share price.
 
SGX RegCo has also asked Beng Kuang to confirm its compliance with the listing rules.
 
As at 4.33pm on 24 Sept, shares in Beng Kuang are trading 4 cents higher or 61.5% up at 10.5 cents, with 17.22 million shares changed hands.
Today&rsquo s volume is almost seven times higher than the three-month average volume of 2.39 million shares traded.
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tedlim
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25-Sep-2021 11:07     
 
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 Alert Admin 		I think Batam Yard is busy now BCOS SIngapore' a foriegn labour so much issue and cost is high...

For corrosion prevention, all vessels are needed..not just oil rigs hence quite stable

Their infrastructure enginneering biz is more subjected to oil& gas trends..AND with oil prices stabilising, this biz might have uptick...cos need maintenance and repairs work...

DYODD pls...
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ysh2006
Supreme
25-Sep-2021 10:25     
 
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 Alert Admin 		Batam yard still in operation ?...No oil rig to spray painting and sand blasting loh...

Joelton      ( Date: 25-Sep-2021 10:22) Posted:

Beng Kuang to explore ' possible corporate actions' to create value for shareholders in response to SGX query
Beng Kuang Marine has revealed, on Sept 24, that it is exploring &ldquo possible corporate actions and exercises&rdquo to create value for its businesses and shareholders.
 
The revelation came after the company&rsquo s shares shot up by 52.3% to 9.9 cents as at 2.12pm, from its last-closed price of 6.5 cents.
 
The intra-day spike triggered a query from market regulator Singapore Exchange Regulation (SGX RegCo), who has asked the company to explain the &ldquo unusual volume movements&rdquo in its share price.
 
SGX RegCo has also asked Beng Kuang to confirm its compliance with the listing rules.
 
As at 4.33pm on 24 Sept, shares in Beng Kuang are trading 4 cents higher or 61.5% up at 10.5 cents, with 17.22 million shares changed hands.
Today&rsquo s volume is almost seven times higher than the three-month average volume of 2.39 million shares traded.
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Joelton
Supreme
25-Sep-2021 10:22     
 
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 Alert Admin
Beng Kuang to explore ' possible corporate actions' to create value for shareholders in response to SGX query
Beng Kuang Marine has revealed, on Sept 24, that it is exploring &ldquo possible corporate actions and exercises&rdquo to create value for its businesses and shareholders.
 
The revelation came after the company&rsquo s shares shot up by 52.3% to 9.9 cents as at 2.12pm, from its last-closed price of 6.5 cents.
 
The intra-day spike triggered a query from market regulator Singapore Exchange Regulation (SGX RegCo), who has asked the company to explain the &ldquo unusual volume movements&rdquo in its share price.
 
SGX RegCo has also asked Beng Kuang to confirm its compliance with the listing rules.
 
As at 4.33pm on 24 Sept, shares in Beng Kuang are trading 4 cents higher or 61.5% up at 10.5 cents, with 17.22 million shares changed hands.
Today&rsquo s volume is almost seven times higher than the three-month average volume of 2.39 million shares traded.
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SmallSmall
Supreme
24-Sep-2021 16:52     
 
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 Alert Admin 		Today longed and sold. Now borrowed shares under SBL and waiting to see whether to short.
Definitey must borrow. Cannot do naked short. 

Contratrader      ( Date: 24-Sep-2021 16:12) Posted:

Recently did a 27m placement, so probably  BB frying a bit...
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easywin
Supreme
24-Sep-2021 16:32     
 
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 Alert Admin 		Monkeys not chasing BB cannot earn much
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Contratrader
Elite
24-Sep-2021 16:21     
 
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 Alert Admin 		Most of the volume at 9s and above and today first day...so still got show,,,but dont know how long lo...want to play just dyodd
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Contratrader
Elite
24-Sep-2021 16:12     
 
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 Alert Admin 		Recently did a 27m placement, so probably  BB frying a bit...
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WBdisciple
Elite
24-Sep-2021 15:11     
 
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 Alert Admin 		Looking at their latest half year results....all biz units have profit, except for their shipping biz (livestock carrier). 
http://ir.chartnexus.com/bengkuangmarine/website_HTML/attachments/attachment_94872_1629275841.pdf

If they can do something about their shipping biz, their profits/balance sheet will look pretty decent.

pls do your own due diligence.
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tedlim
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24-Sep-2021 15:07     
 
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 Alert Admin 		If like marco polo or mermaid turnaround...Beng Kuang current valuation at S$15million is considered cheap.
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kiattttt
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24-Sep-2021 14:47     
 
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 Alert Admin 		Might have a spill over effect to Mermaid and other ship building stocks

easywin      ( Date: 24-Sep-2021 14:33) Posted:

Tio SGX query liow
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easywin
Supreme
24-Sep-2021 14:33     
 
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 Alert Admin 		Tio SGX query liow
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Stocksguru
Master
24-Sep-2021 14:11     
 
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 Alert Admin 		yes no point to chase, later stuck for years

Sibehboeng      ( Date: 24-Sep-2021 14:10) Posted:

This kind of volume cannot play, if stuck high need to hold gao gao

easywin      ( Date: 24-Sep-2021 14:01) Posted:

If price keep going up than can see monkeys will come and chase afte
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