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Even with low oil prices, companies like ASL remain strong because Singapore' s economy is centered on oil shipping and paper trading, not crude production. Trading ensures continuous demand for ships to move oil, regardless of the price point. Furthermore, low utilization often leads to increased ship maintenance and refitting, a core business for these shipyards. The market understands this resilient business model and continues to invest accordingly.
https://www.megaton.com.sg/singapores-shipping-companies-navigate-through-global-challenges/#:~:text=The%20shipping%20industry%20remains%20a,concerns%2C%20and%20changing%20customer%20expectations.
powerfull boat LOL
break 23 lol...rising oil lift all boats LOL
Very serious the number of reported fatalities and injuries from 15 Oct and June separate incidents.
Indonesia govt maybe taken steps to prevent such a serious shipyard accident occured ?
ysh2006 ( Date: 27-Oct-2025 10:29) Posted:
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The group&rsquo s subsidiary&rsquo s shipyard in Batam experienced a fire on Oct 15, which caused 13 deaths and 18 injured.
https://www.theedgesingapore.com/news/company-news/asl-marine-assisting-investigations-fire-caused-13-deaths-its-batam-shipyard
https://www.theedgesingapore.com/news/company-news/asl-marine-assisting-investigations-fire-caused-13-deaths-its-batam-shipyard
Yup, ASL will hit $0.24 touched early this month.
Cheers to all who believes in Mr SL Ang.
Cheers to all who believes in Mr SL Ang.
PQTPQK ( Date: 27-Oct-2025 20:33) Posted:
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Gap up tomorrow
spursfan ( Date: 27-Oct-2025 17:31) Posted:
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Why sell away their boats? 🧐
ASL Marine Secures New Ship Chartering Contracts with an Aggregate Value of S$82 million Signs Vessel Sale Contracts of S$55 million
The Board of Directors of ASL Marine Holdings Ltd. (the " Company" ) wishes to announce that its wholly-owned subsidiary, ASL Offshore & Marine Pte. Ltd., has been awarded new ship chartering contracts with an aggregate value of S$82 million. Spanning durations over approximately 2 years, the ship chartering contracts (comprising tugs, work boats, crane barges, cargo barges, hopper barges and grab dredgers) will support customers involved in marine infrastructure projects in Singapore.Separately, the Group has signed vessel sale contracts of S$55 million as part of its fleet optimisation program and broader asset divestment strategy to accelerate its deleveraging efforts and streamline its fleet portfolio.
The ship chartering contracts are expected to contribute to the revenue performance of the Group over the next two years.
None of the Directors or controlling shareholders of the Company has any interest, direct or indirect, in the above transactions other than through their shareholdings in the Company.
BY ORDER OF THE BOARD
Ang Kok Tian
Chairman and Managing Director
27 October 2025
https://links.sgx.com/1.0.0/corporate-announcements/BERH07JC3Q9LNKMZ/864917_Oct_27_2025%20New%20charter%20and%20vessel%20sale%20contracts.pdf
ASL Marine: Secures New Ship Chartering Contracts With An Aggregate Value Of S$82 Million, Signs Vessel Sale Contracts Of S$55 Million.
seem like going to test 0.30 soon ...
WBdisciple ( Date: 23-Oct-2025 08:49) Posted:
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listed on sgx. SGX Reg not aware?
ysh2006 ( Date: 27-Oct-2025 10:29) Posted:
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If happened in Singapore , stop work order already till investigation completed especially so many workers died and injuries...
Happened twice on the same vessel? The last reported was in June 2025? All the motherhood statements on safety etc... disregarding the fatailities and injuries reported. What happening?
ysh2006 ( Date: 27-Oct-2025 07:08) Posted:
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After 10 days than company than announced why want to cover up har...
ysh2006 ( Date: 22-Oct-2025 05:32) Posted:
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ASL MARINE: From Headwinds to Tailwinds, Here' s a Company Ready For A Profit Upswing
&bull For the past 8 years or so, ASL Marine focused on cashflow and steadily worked through huge debt repayments &bull The marine services group with 50 years of history has emerged from the tough times, entering a new chapter " Revitalised, Resilient, Ready" as its FY2025 (ended June) Annual Report cover says. &bull Successfully navigating multiple restructurings, ASL secured a new S$132 million five-year term loan in March 2025 from three Singapore banks, and has repaid its bondholders. &bull The stock market has rewarded its moves, sending it from ~7 cents three months ago to 22 cents currently. &bull For more, read excerpts of Lim & Tan Securities report below |
Excerpts from Lim & Tan Securities report
Analyst: Nicholas Yon
ASL Marine is led by a management team with a strong track record of integrity and financial discipline, having consistently met all debt obligations without resorting to loan haircuts.
ASL Marine&rsquo s reported profits are currently distorted by non-cash fair value amortisation losses, which are expected to taper off significantly from 1HFY26 onwards. In addition, with a sharper focus on its core tug and barge segment supporting the construction sector, and expanded repair capabilities, ASL Marine will likely post higher margins and more than double their profits in FY26. |
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ASL Marine&rsquo s growth will be driven by three key factors.
First, its fleet rejuvenation program places it in prime position to capitalise on the ongoing construction boom, particularly in coastal/infrastructure projects.
Secondly, the ship repair segment stands to benefit from two structural drivers: an ageing global fleet now entering its 3rd to 5th special surveys, and a
significant expansion in fl eet size following the surge in newbuild orders post-Covid.
Lastly, ASL&rsquo s continued deleveraging eff orts will help ASL achieve better margins and profitability, given its high operating leverage.
As such, we initiate coverage on ASL Marine with a BUY recommendation and a target price of $0.30, pegged to a 9.5x FY27F PE.
Our earnings growth forecasts of S$28.1mln and S$32.4mln in FY26F/FY27F are driven by
| 1) Strong tugs/barge construction and repair outlook 2) Improving repair capabilities and margins 3) Sale of idle and old vessels which will reduce debt, holding costs, interest expense and depreciation while strengthening balance sheet 4) Omission of FV losses since the full redemption of their bonds and 5) Competent and honest businessmen with strong alignment of interest holding a 62.8% controlling stake, who will prioritise long-term shareholder value. |
With vessels and yards that are recorded at cost in their books, we also believe the RNAV of ASL Marine to be closer to $0.30 instead of the reported $0.115 cents in FY25.
U-turn liao
Support at 190? 🧐
The buyer so less easy push down to 150