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I received a not useful ratiing for this post. Perhaps give a reason if u r still around.
JurongW ( Date: 14-Apr-2026 16:23) Posted:
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Sniping the lows is a skill, that is what separates a trader from an investor.
kt3152 ( Date: 15-Apr-2026 12:29) Posted:
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Added 435 this morning. Seller KGI...going new high today....
kt3152 ( Date: 14-Apr-2026 16:15) Posted:
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Keep holding. Just trade it along...today T+4 good time to collect...not much selling though....like your chart and analysis.....
JurongW ( Date: 14-Apr-2026 14:27) Posted:
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U r a savvy trader, must have bought a lot for a tidy profit to exit so soon.
kt3152 ( Date: 14-Apr-2026 11:01) Posted:
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Sold some 445...buyer ML....
kt3152 ( Date: 13-Apr-2026 11:27) Posted:
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Bought some 425...
Share prie is still above the upper bounds of ascending channel.
As of 9 Apr, 11.10am - Upper bound of the channel acting as support for now.
Profit taking. Bought back some 43/435.....
Finally broke out from the ascending channel today.
JurongW ( Date: 08-Apr-2026 17:26) Posted:
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Close at 44 (1.272 fibo). Can we see 45, 46.5 or even 49 by this week?
JurongW ( Date: 08-Apr-2026 16:32) Posted:
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Long bullish candlestick with strong volume. Can it continue its upward momentum
Let' s watch on.
Let' s watch on.
41 cleared...Nice....
kt3152 ( Date: 08-Apr-2026 10:22) Posted:
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Can see 42 once 40 is cleared....
BKM ops trade at ~10× earnings, right on the marine sector average, with a 12.9¢ net cash anchor per share
📊 Beng Kuang Marine (FY2025, ended 31 Dec 2025)
Cash & cash equivalents: S$37.38mTotal borrowings: S$10.50m
Net cash: S$26.88m
Shares outstanding: 208,987,973
EPS: S$0.0261 (2.61 cents)
Market price: S$0.39 (as at 2 Apr 26)
🧾 Key Valuation Metrics
| Metric | Value |
|---|---|
| Net cash per share | S$0.129 (12.9¢ ) |
| Headline P/E | ~15.0× |
| Adjusted P/E (ex‑ net cash) | ~10.0× |
| Sector average P/E | ~9&ndash 10× |
⚖ ️ Interpretation
- Each share is backed by ~12.9¢ of net cash.
- Stripping out this net cash, the operating business is valued at ~10× earnings &mdash right in line with the sector average.
- Headline P/E of 15× looks slightly rich, but the strong cash anchor makes the adjusted valuation fair.
Joelton ( Date: 04-Apr-2026 10:58) Posted:
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From Turnaround to Takeover: After 100% Stock Gain, BENG KUANG MARINE Anchors Its Future on a Buyout
BKM is set to deliver NPAT of $12.1mln and S$18.1mln in FY26F and FY27F respectively.
This valuation approach represents a small discount to its peers and also reflects the timing of earnings consolidation, as full contribution from ASOM will only be reflected from 2HFY26F onwards.
We have the following investment thesis:
1. FPSO servicing remains key in the O& G value chain, as ageing vessels must meet international standards to stay operational, amidst tight FPSO supply.
Middle East conflict is also a net positive in the medium term.
2. Post-acquisition, BKM will fully consolidate ASOM&rsquo s earnings, with valuations dropping from FY25 PE of 15.5x to 10.2x and 6.9x in FY26F and FY27F.
On a like for like FY25 EPS of c.2.6 cents would have risen to c.4.8 cents pro-forma (+c.84%yoy).
3. The acquisition is both earnings and valuation accretive.
We see no teething issues given BKM&rsquo s initial stake, while the structure of the transaction is sound and current ASOM mgmt. remains incentivised to continue delivering for BKM.
4. Investors can now better understand ASOM&rsquo s business, which was previously a black box. This added visibility could support a valuation re-rating as BKM is now essentially a recurring off shore service provider.
ASOM provides predictable, steady and recurring income backed by cash flows.
5. Continued value unlocking by CEO Yong, including growth in the Deck Equipment and Shipbuilding under the IE segment, which secured $14.2mln and $7.8mln of contracts in FY25.
6. BKM operates in structural infrastructure maintenance, not contracting, and thus benefits from rising energy security investments that drive marine compliance, inspection, and corrosion prevention.
7. BKM&rsquo s net cash position (32% of mkt cap) provides financial flexibility to pursue asset-backed marine investments through joint ventures, creating additional earnings streams beyond its core engineering services.
When crude oil prices rise, offshore marine stocks like Beng Kuang Marine (BKM) tend to benefit indirectly, but the impact is nuanced:
🔎 Positive Implications
-
Higher Offshore Activity- Rising oil prices encourage oil majors to increase exploration and production (E& P) spending.
- This drives demand for offshore support services, ship repair, and marine engineering &mdash areas where BKM operates.
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Stronger Order Book Potential- Offshore projects that were previously uneconomical at lower oil prices may restart.
- BKM could secure more contracts for shipyard services, floating structures, and marine engineering solutions.
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Investor Sentiment Boost- Offshore marine stocks are often seen as oil price proxies.
- Rising crude prices can lift valuations across the sector, even before earnings catch up.
⚠ ️ Challenges & Risks
-
Cost Pressures- Higher oil prices also raise fuel and input costs for marine operations.
- Margins may be squeezed if costs cannot be passed on to clients.
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Volatility Risk- Oil prices are cyclical sudden drops can quickly reverse sentiment.
- Offshore marine firms are highly exposed to these swings.
-
Capital Intensity- Offshore projects require heavy upfront investment. If financing costs remain high, rising oil prices alone may not be enough to trigger a surge in activity.
📊 Scenario Mapping
| Oil Price Trend | Offshore Marine Impact | Beng Kuang Marine Implication |
|---|---|---|
| Sustained High (> US$80 Brent) | More offshore projects, stronger demand | Potential uplift in contracts & sentiment |
| Volatile Swings | Project delays, cautious spending | Order book uncertainty |
| Falling Prices (< US$60 Brent) | Reduced offshore activity | Weak demand, margin pressure |
✅ Takeaway
For Beng Kuang Marine, rising crude oil prices are generally supportive, as they revive offshore activity and improve investor sentiment. The upside lies in stronger project pipelines and potential contract wins, though the company must manage higher operating costs and sector volatility.