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Dumping at 255 very heavy... 😢
Stocky901 ( Date: 20-Feb-2025 12:37) Posted:
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Bengkeang 52 weeks high ..31..low 7.1 CTS..
It has done very well already..now at 25.5 compared to last year low of7.1
25.5 /7.1 is 359 %
.but profit went up 43%??...
Your expectations Re just too optimistic
papayaface ( Date: 20-Feb-2025 12:49) Posted:
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For goodness sake, dontinvest in SGX shares la if you want to, just trade in them. All the circus acts ... hahaha.
stlimst ( Date: 17-Jan-2025 11:22) Posted:
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Dividend 0.006 but share price dropped 0.005? 🤐 Who is dumping so hard?
Beng Kuang Continues Growth Trajectory in FY2024, Revenue Jumped 41.3% to S$111.88 Million with Gross Profit Rose 55.5% to S$38.73 Million and Net Profit Surged 167.7% to S$21.19 Million Proposed Dividend of S$0.006 per Share to Reward Shareholders
&bull The Group&rsquo s business strategy towards an asset-light and service-oriented business model has continued to gain good momentum with its two core business divisions, IE and CP, delivering revenue growth of 41.3% to S$111.88 million in FY2024
&bull Driven by strong demand for the Group&rsquo s asset integrity solutions and services for operating floating assets such FPSOs and FSOs, among others, the Group&rsquo s IE division saw organic revenue growth of 60.3% or S$34.40 million, rising from S$57.03 million in FY2023 to S$91.43 million in FY2024
&bull Rationalising and streamlining initiatives, together with the exit of the Group&rsquo s loss-making business operations, undertaken in recent years have progressively improved its gross profit margin to 34.6% in FY2024, as compared to 31.5% in FY2023, driving gross profit growth of 55.5% to S$38.73 million in FY2024
&bull Recognised one-off gain of S$5.51 million from second partial land sale during FY2024
&bull Net cash inflow generated from operating activities was S$13.47 million in FY2024, with the Group&rsquo s balance sheet strengthening with cash and cash equivalents increasing significantly to S$22.92 million and total equity increasing to S$28.47 million as at 31 December 2024
&bull Proposed dividend of S$0.006 per ordinary share to reward shareholders.
&bull To build on the positive business momentum in FY2024 with new value propositions to capitalise on targeted growth opportunities in the offshore and marine industry
Commenting on the Group&rsquo s FY2024 results, Mr Yong Jiunn Run, Chief Executive Officer of Beng Kuang Group, said: &ldquo Supported by strong organic growth, our business performance highlight the strength of our core competencies in the global offshore and marine industry.
Firmly backed to profitability with a strengthened balance sheet, we are pleased to reward shareholders with dividends, underscoring our confidence in the company&rsquo s financial stability.
With our momentum, we aim to continue to drive growth through operational excellence, cost efficiencies and new value propositions in our targeted markets globally.&rdquo
https://www.invest-alpha.sg/view& id=725
more to come....dyodd
PQTPQK ( Date: 21-Jan-2025 16:13) Posted:
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seem strong today ...
dot123 ( Date: 21-Jan-2025 15:29) Posted:
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$0.3 level should be no issue given the positives of BK...dyodd
stlimst ( Date: 21-Jan-2025 15:24) Posted:
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There' s some volume today.
Could be the much needed BBs are finally taking an interest in BK2.0
Hopefully, we can see BK emulating Dyna Mac
Approaching the $0.30 level and breaching the 52-week high of $0.33?
Could be the much needed BBs are finally taking an interest in BK2.0
Hopefully, we can see BK emulating Dyna Mac
Approaching the $0.30 level and breaching the 52-week high of $0.33?
dot123 ( Date: 21-Jan-2025 14:34) Posted:
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up liao...hopefully can sustain and up further...dyodd
Having same though too initially... Was buying into the idea of them removed from sgx watchlist and promising business performace and update but somehow the share price does not react according to it as result are near. Vested since last sept.
stlimst ( Date: 17-Jan-2025 11:22) Posted:
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at one point dyna mac price action was like that too....anyway dyodd...bk prospect is good
MrBear12 ( Date: 17-Jan-2025 12:16) Posted:
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I dont think this one is like dyna-mac.
We may as well invest in bigger marines like Seatrium and YZJSB.
This fellow is easily manipulated. Can go both ways... ...
We may as well invest in bigger marines like Seatrium and YZJSB.
This fellow is easily manipulated. Can go both ways... ...
stlimst ( Date: 17-Jan-2025 11:22) Posted:
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Correct, our SGX is controlled BBs.
You can see many companies listed here having very good perform and good prospect with healthly financials but their share prices are languishing.
For BK, this is not a trading share as the volume is thin.
If you believe in BK 2.0 and looking at the recent business performance and business updates provided by the management this is great company to invest in.
I am buying bit by bit everytime the share price dips.
Confident that the full year result will be superb.
You can see many companies listed here having very good perform and good prospect with healthly financials but their share prices are languishing.
For BK, this is not a trading share as the volume is thin.
If you believe in BK 2.0 and looking at the recent business performance and business updates provided by the management this is great company to invest in.
I am buying bit by bit everytime the share price dips.
Confident that the full year result will be superb.
dot123 ( Date: 17-Jan-2025 09:56) Posted:
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Maybe bb pushing price down for collection, i noticed consistent 100lots buy...after bb collect finish, we might see upward action...dyodd
Why the share price keep drifting down everyday ?
stlimst ( Date: 09-Jan-2025 15:59) Posted:
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As per video, the oil price is expected to drop in 2025. This will actually be beneficial for Beng Kuang as more tankers may go for maintenance if the oil price start to fall significantly. The CP unit will be a cash generation machine!
https://youtu.be/WmTfI2YcjOY?si=8iKG9HF5XbJRM358
I have been regularly investing in this company ever since the turnaround under BK 2.0.
The 3Q2024 and 9M 2024 updates underscored the good performance.
Going forward, the full year 2024 results will blow past 2023.
Keep faith in BK and hopefully will be richly rewarded.
Good luck to BK' s investors!!
The 3Q2024 and 9M 2024 updates underscored the good performance.
Going forward, the full year 2024 results will blow past 2023.
Keep faith in BK and hopefully will be richly rewarded.
Good luck to BK' s investors!!
For_The_Next_Leg ( Date: 09-Jan-2025 14:49) Posted:
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Upon re-examining the company' s recovery, you' d be impressed to learn that its turnaround wasn' t just due to one-off gains. Even excluding these gains, the results for the third quarter of 2024 would still significantly surpass those from the third quarter of 2023.
https://www.bkmgroup.com.sg/frontend/web/index.php?r=attachment/download& id=1316
https://www.bkmgroup.com.sg/frontend/web/index.php?r=attachment/download& id=1316
Corrosion Prevention is poised to become the next significant growth engine for Beng Kuang. As the fleet ages, there will be a higher demand for maintenance. Moreover, new vessels will be built to replace the aging ones, leading to an increase in the number of tankers. Consequently, both new and old tankers will increase the demand for maintenance, particularly in the area of corrosion prevention. Thus, driving revenue growth for Beng Kuang.
https://splash247.com/concerns-raised-as-ageing-fleet-becomes-the-new-norm/