| Latest Forum Topics / Nam Cheong |
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Nam Cheong
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laksaman57
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23-Mar-2017 17:41
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https://www.fool.sg/2017/03/22/after-falling-by-41-in-3-days-would-nam-cheong-ltd-interest-warren-buffetts-investing-mentor/ |
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shadow
Veteran |
23-Mar-2017 09:32
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SGM ? proposed capital reduction - capital reorganisation - any significant? Anyone care to share their views?
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laksaman57
Supreme |
23-Mar-2017 09:09
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http://infopub.sgx.com/FileOpen/NCL_SGM_Circular%20Capital%20Reorganisation.ashx?App=Announcement& FileID=444324 |
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laksaman57
Supreme |
23-Mar-2017 09:02
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http://sgx.i3investor.com/m/announcement/276284.jsp |
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Wind22i
Supreme |
22-Mar-2017 20:36
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If its not consider as insider trading..i am not sure what it is anymore..haha
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hardwired
Senior |
22-Mar-2017 20:02
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Whether it' s insider trading or not, the rich normally gets away with whatever they do, and win or lose, the super rich will remain super rich. It' s the little fish that gets fried and eaten.
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shadow
Veteran |
22-Mar-2017 19:40
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CEO Leong Seng Keat 50th Birthday Celebration in 2015. https://www.youtube.com/watch?v=TWzrKHwF3h8 and all his interesting comments. |
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shadow
Veteran |
22-Mar-2017 19:21
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After recent sold off declared by the CEO, it was all sold from his wife CIMB accounts refer details SGX announcement CIMB Nominees (S) Pte. Ltd. (Account of Tiong Eng Ming) - 22,979,240 (1.096%) as at 21 Jan 2017 CIMB Nominees (S) Pte. Ltd. (Account of Tiong Eng Ming) - 18,231,340 (0.870%) as at 21 March 2017 Sold twice  before financial result announcement , and three times before Auditor' s comments on accounts and sold  once  after  Auditor' s  comment of accounts His personally direct interest 15.8m shares did not change in holding since. Wife insider trading ? Wife' s share force sell by CIMB ?         |
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shadow
Veteran |
22-Mar-2017 18:08
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Facts : So the  NC current CEO Leong screwing up his father-in-law? Looks like may have some  interesting  insider family issues....... The action of the current CEO Leong is indeed puzzling many may have observed recently Source : Nam Cheong leadership transition will be smooth: OCBC - Jun2013Business directions will stay the course.
In its company update, OCBC Research said Nam Cheong' s re-designated CEO Mr Leong Seng Keat, who replaces Datuk Tiong Su Kouk, has 15 years of experience in the IT industry and has a solid track record in marketing the company' s vessels internationally, which should ease concerns of a rocky turnover. Here' s more from OCBC: New CEO but expect a smooth transition. Nam Cheong Limited recently announced that its Executive Director, Mr. Leong Seng Keat, has been re-designated as the CEO. Datuk Tiong Su Kouk, who is also a controlling shareholder with a 43% stake, will relinquish his CEO position but he remains as the Executive Chairman. We believe that this  leadership transition would be smooth and do not expect any significant changes to the group&rsquo s business directions. Mr. Leong, also the son-in-law of Datuk Tiong, joined Nam Cheong in 2005 after 15 years in the IT industry. With his sales and management experience, Mr. Leong successfully marketed the group&rsquo s vessels to the international market.  
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sheerluck
Supreme |
22-Mar-2017 17:29
Yells: "Work for your money first then let your money work for you" |
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Crude dropping now so you should know why NC price up.   Too obvious liao. |
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sh0rthere
Senior |
22-Mar-2017 17:18
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Technical rebound nia lah.
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shares69
Member |
22-Mar-2017 17:13
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ho say... today N4E CLIMB UP beating earlier bad news.. at least STI drop and N4E is up giving great blessing to this this counter. Also for the wise founder N4E.   cheers to Shadow wisdom ..steady!!! I have vested .. |
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sheerluck
Supreme |
22-Mar-2017 14:17
Yells: "Work for your money first then let your money work for you" |
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Well, all three Swiber, EZRA, and Nam Cheong got very nice figures before the first two went belly up.   The differences between Swiber and EZRA is Swiber figures based on their last report is still very nice while EZRA has deteriorated alot.   Which one is better?   Actually now on hindsight, EZRA is better.   Why?   Because at least EZRA carry out impairment and even though price decline, those who are alerted to it can still get out.   Swiber give no one any chance to do this. Now Nam Cheong has no contract wins for two years liao but did they impair any of their asset to be prudent?   So is it more similar to Swiber or EZRA?   But no worry now as the next big bill in in Sept. Now that you got hidsight, do you want to turn it into foresight?
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Goodfaith
Member |
22-Mar-2017 13:27
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Yes , if you check in detail you can see NamCheong figures is much better than Swiber and Ezra,   NamCheong is downsizing their operating and keep their expenses at minimum so that they can survived in this rough time . Hint   Tan Sri Tiong is very much RICH in assets 
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NoRiskNoGain
Veteran |
22-Mar-2017 12:54
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Ur info zhun anot? With the current market on oil, NC is a gone case like swiber and ezra. The next one could come is mpm
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Goodfaith
Member |
22-Mar-2017 10:09
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Info gathered from my Sibu Sarawak banker friend , gonna vested this share!   Salute to Tan Sri Tiong  |
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laksaman57
Supreme |
22-Mar-2017 00:32
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https://www.fool.sg/2017/03/21/what-investors-should-know-about-nam-cheong-ltds-going-concern-uncertainty/
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HANZXC
Member |
22-Mar-2017 00:13
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Will it possibly go downhill tmr again, considering what has been happening over these few announcements? |
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ahhuat08
Elite |
21-Mar-2017 22:54
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Just my opinion only, i could be dead wrong.
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ahhuat08
Elite |
21-Mar-2017 22:52
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Lee KS of ezra was once the top 40 richest in forbes sg, now? Some of the forumers might be even richer than him from the way they write they possessed how many lots in certain counters. History of how rich u r will never be a good gauge of whether in the foreseeable future u could still preserve tt wealth. Now the auditors hv cast doubts over NC' s ability ad a goin concern, i think, most likely suffering the same fate as LL already.
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