Latest Forum Topics / ASL Marine Last:0.061 -- |
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Nav$1.01 share px 20c Eps 2c cheap to.buy ??
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Stocky901
Supreme |
18-Feb-2025 15:50
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Still accumulation mode...wait for more contract news then price can move up.. 👍
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Stocky901
Supreme |
18-Feb-2025 14:20
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So low still no one wants to buy?. Have to be very patient 👍 😊
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Wesley
Member |
16-Feb-2025 15:10
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12 cts is unlikely but a 7 series is more realistic. Need fast fingers to grab at 6.5 cts or below.   |
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Iceycoke
Member |
15-Feb-2025 22:53
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Dreaming.. 12cts. Hehehe
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Wesley
Member |
15-Feb-2025 22:02
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Hope to buy some at 6.5cts on Monday. Please dun gap up by too much. | ||||
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Stocky901
Supreme |
15-Feb-2025 15:17
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Haha bro, 12c unlikely. Can see gap up to 7 series next week will be very happy ☺ ️ 🤐
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Joelton
Supreme |
15-Feb-2025 13:20
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ASL Marine reports 2.5% y-o-y decrease in earnings for 1HFY2025 of $1.45 mil
 
Mainboard-listed ASL Marine has reported a 2.5% y-o-y decrease in earnings for the 1HFY2025 ended Dec 31, 2024 of $1.45 million.
 
The group&rsquo s revenue for the reporting period came in at $172.2 million, 3.7% y-o-y lower than the corresponding period. ASL Marine says that this is due to lower contribution from shipchartering, shiprepair, conversion and engineering services. 
 
This was partially offset by higher revenue from shipbuilding. 
 
The group recorded a profit after tax of $2.08 million for the reporting period.
 
Earnings per share for the 1HFY2025 came in at 0.15 cents, lower than the 0.23 cents declared in the same period a year ago. 
 
The group&rsquo s outstanding shipbuilding order book as at Dec 31, 2024 was $62 million for 27 vessels with progressive deliveries up to the fourth quarter of 2024. 
 
Its shiprepair, conversion and engineering services, which is performed based on customer&rsquo s specifications, saw revenue decrease due to completion of precast projects and lower sale of dredge components. This was partially offset by higher revenue generated from shiprepair projects. 
 
Net foreign exchange gain led to operating expenses decreasing by 24.1% y-o-y in 1HFY2025. 
 
The group recorded a higher profit before tax for the 2QFY2025 compared to the same period   a year ago mainly due to higher gross earnings, gain on disposal of assets classified as held for sale, higher share of results of joint ventures and associates. These were partially offset by higher administrative expenses, finance cost and impairment loss on trade receivables.
 
The group says that the outlook for the shipbuilding, ship repair, offshore, and marine services industries is dependent on several factors, including the global economic conditions, demand for shipping, changes in regulations and environmental standards as well as technologies.
 
It is closely monitoring the market demands in its core business. 
 
As ASL Marine has exited the Singapore Exchange (SGX)&rsquo s watch list with effect from Dec 11, it will no longer be required to release its unaudited financial statements on a quarterly basis. The group will only announce results for its first half and end half of the financial year. 
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Iceycoke
Member |
14-Feb-2025 23:23
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Share should either be double (12cts) based on current trend where pennnies are doing 100% in a day! 😂   or at least 25% increase in share price. 7.5cts?  |
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Stocky901
Supreme |
14-Feb-2025 18:24
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Result out. Half-year net profit up 25% year on year 👍 👍 .. secured new shipbuilding contracts worth $57m.. ✌ ️ ✌ ️
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Iceycoke
Member |
12-Feb-2025 19:14
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Earnings will be reported this Friday after trading. | ||||
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Stocky901
Supreme |
12-Feb-2025 15:17
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Broken out.. coming result good or bad? 🤐 🤫 | ||||
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Stocky901
Supreme |
11-Dec-2024 19:11
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Very strong.. testing 7 series soon.. 💪 💪 | ||||
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Stocky901
Supreme |
11-Dec-2024 15:28
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Yes. Chiong to 0.066 then came down again 🫢
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sengkang
Veteran |
10-Dec-2024 22:53
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Chiong tomorrow? | ||||
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spursfan
Elite |
10-Dec-2024 18:04
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Approval granted by SGX-ST for ASL MARINE to exit watch-list wef 11 Dec 24 https://links.sgx.com/1.0.0/corporate-announcements/568IMAXD0U2X3Q20/827555_Dec_10_2024_Approval%20for%20Removal%20from%20Watchlist.pdf   |
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Joelton
Supreme |
30-Nov-2024 14:21
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ASL Marine seeks to exit SGX&rsquo s watch-list
ASL Marine Holdings has applied to the Singapore Exchange S68 Securities Trading Limited (SGX-ST) to exit from the watch-list on Nov 28.
 
The company was placed on the watch-list on Dec 4, 2019, after recording pre-tax losses for its three most recently completed financial years. At the time, ASL Marine also had an average daily market capitalisation of less than $40 million over the last 6 months.
 
On Dec 1, 2023, the company announced that it has sought the approval of the SGX-ST for an extension to comply with rule 1315 of the listing manual, where the company may be removed from the exchange if it fails to comply with the exit criteria within the 36-month cure period.
 
ASL Marine Holdings has till Dec 4 to fulfil rule 1314 of the listing manual, where it has to record a consolidated pre-tax profit for its latest financial year and has an average daily market capitalisation of $40 million or more over the last six months.
 
For the FY2024 ended June 30, the company reported earnings of $3.9 million, 10.6% higher y-o-y. For the 1QFY2025 ended Sept 30, the company reported earnings of $130,000, 96% lower y-o-y due to lower revenue and other operating income, higher selling and distribution, administrative and other operating expenses, as well as a bigger impairment loss on financial assets.
 
The company also announced that it is supposed to pay additional interest on Series 006 and 007 notes if its adjusted core ebitda exceeds $65 million. The payment rate is 0.15% for every $1 million of adjusted core ebitda amount above $65 million. As ASL Marine&rsquo s core ebitda in FY2024 stood at $75 million, the company will have to pay additional interest at a rate of 1.5% per annum on the notes.
 
There are $100,000 worth of Series 006 notes with a coupon of 4.75% per annum and due in 2025. There are $50,000 worth of Series 007 notes with a coupon of 5.35% per annum and due in 2026.
 
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ysh2006
Supreme |
10-Sep-2024 05:40
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Yes hope it will follow now oil price high up again....business will be good back..
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ysh2006
Supreme |
05-Sep-2024 05:43
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Let hope it will follow other oil and gas company rise up as oil price maybe going up fast during the winter season...
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TraderBen
Supreme |
08-Jul-2024 09:59
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too high debts.. this company.. i have learnt lessons from ezion, ezra and ausgroup.. so ASL is out for me.. DYODD.. |
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PQTPQK
Supreme |
08-Jul-2024 09:58
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let hope it will follow mermaID  and BK  soon ... | ||||
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