| Latest Forum Topics / Nam Cheong |
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Untapped PENNY rising on strong HDB GOVERNMENT
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aimtowin
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12-Nov-2014 15:30
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Took profit. come back again. good enough.  Good luck to the rest.  Cheers. |
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sincere
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12-Nov-2014 15:28
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??? Fireworks? Pls la.... Spark sticks are more appropriate term to use.  NC shd seriously consider changing its name. Current name does not bode well, and hard to pronounce by ang mo hedge funds |
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linbei
Veteran |
12-Nov-2014 15:17
Yells: "Huat ah!" |
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enjoy the firework. | ||
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linbei
Veteran |
12-Nov-2014 15:15
Yells: "Huat ah!" |
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The show has finally begun...... | ||
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RoundRound
Elite |
12-Nov-2014 12:59
Yells: "Tikam Tikam can also" |
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Bro Sheerluck, I'm in NCL now. Huat Ah...
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sheerluck
Supreme |
12-Nov-2014 12:45
Yells: "Work for your money first then let your money work for you" |
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Seems like market is happy with NCL Q3 results but uncertain about its future growth.   Hope NCL can seal the deal of those 20 vessels annouced in 17 Oct by this year.   Additional sales is definitely a postiive move. |
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linbei
Veteran |
12-Nov-2014 12:21
Yells: "Huat ah!" |
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Winter has arrived in US.big one .u know what that mean ? | ||
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sun233
Elite |
12-Nov-2014 11:11
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Thanks for posting Ozone2002 |
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ozone2002
Supreme |
12-Nov-2014 10:55
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Last:0.42     Vol:3954k     +0.01
2014 was an exceptional year for Namcheong, but for 2015 earnings  forecasted to be flat, will want to take profit on the next earnings results in 1Q15. gd luck dyodd Setting a scorching pace (DBS) &bull 3Q14 results significantly above expectations on better margin delivery &bull Remains largely unaffected by near-term oil price weakness owing to its shallow water focus and fuel-efficient vessel designs &bull Revise up FY14/15 EPS estimates by 27%/23% &bull Maintain BUY with higher TP of S$0.60, pegged to 10x FY15 earnings Record quarter. 3Q14 net profit was up 113% y-o-y and 100% qo- q to RM126m in 3Q14, significantly better than our estimates. This is Nam Cheong&rsquo s strongest quarter to date since its listing in 2011. Revenue was up 81% y-o-y to RM619m as the company secured vessel sales contracts for 16 vessels during the quarter. For 9M14, net profit of RM260m is already close to existing consensus estimates for full-year FY14. The outperformance was driven by superior shipbuilding gross margin of 24% in 3Q14, as well as low marketing expenses. Gross margins were boosted by sales of vessels closer to delivery dates at higher premiums than usual. Vessel sales momentum intact despite falling oil prices. YTD in 2014, Nam Cheong has secured sales contracts for 25 vessels worth US$505m, another record year. Order book remains healthy at RM1.9bn, implying about 1x book-to-bill, decent for a so-called " speculative" shipbuilder. So far, it has sold 27 out of 30 vessels scheduled for delivery in 2014 and 14 out of the 35 vessels scheduled for delivery in 2015. In addition, Nam Cheong has also recently secured LOIs for 12 vessels (+8 options) worth US$186m for its proprietary designed diesel-electric AHTS vessels launched in October, which are earmarked for delivery in 2016 and beyond. Raise earnings, maintain BUY. We raise our earnings estimates for Nam Cheong by 27% and 23% for FY14/15 respectively as we believe we were previously too conservative on margins and revenue recognition. Maintain our BUY call on Nam Cheong with a higher TP of S$0.60, as we roll over valuations to FY15. We reckon the share price decline in recent weeks amidst oil price weakness is an overreaction and offers a good entry point for the long term, as Nam Cheong goes from strength to strength. Its share price is well supported by a decent dividend yield of 3.7%, based on 25% payout ratio. |
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ballball58
Member |
12-Nov-2014 09:08
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Come on NC, go kick ass!!!!! |
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ballball58
Member |
12-Nov-2014 08:40
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Any particular reason why in 1-2 weeks? Just wondering what you have in mind.
 
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ash902
Veteran |
11-Nov-2014 21:59
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maybe see some action 1- 2weeks' time |
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linbei
Veteran |
11-Nov-2014 21:54
Yells: "Huat ah!" |
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those play contra, will be sad .BB is blocking it from rising. | ||
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RoundRound
Elite |
11-Nov-2014 19:08
Yells: "Tikam Tikam can also" |
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Better to learn from JES International or Blumont, reporting huge losses this quarter but can see its share price galloped over 40% to 80%
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edwinjup
Supreme |
11-Nov-2014 19:00
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Everyone expect that Liao....
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bheart87
Member |
11-Nov-2014 18:57
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Good results but how come stock not moving! So disappointed. |
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ash902
Veteran |
11-Nov-2014 08:48
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u forgot to mention > 100% profit up
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domanic
Elite |
11-Nov-2014 08:27
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profit up |
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linbei
Veteran |
10-Nov-2014 22:21
Yells: "Huat ah!" |
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u are a short distance runner..or a contarian .
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Ptmptm
Member |
10-Nov-2014 12:48
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must hold .4 today. anyway, ptm vested at .405, will SL at .39 If today never close above .4 , I will cut earlier DYODD |
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