nam cheong

Nam Cheong bags RM102.5 million in vessel charter contracts

This brings the group’s long-term coverage to 69%, just shy of its 70% target

Nam Cheong’s shipbuilding contract wins in a tight offshore support vessel market suggest the potential revival of its shipbuilding segment, says RHB.
BROKER’S TAKE

RHB initiates ‘buy’ on Nam Cheong, betting on long-term contracts and young fleet

The brokerage sets its target price for the stock at S$2.05

Over the five sessions from Feb 27 to Mar 5, 26 primary-listed companies conducted buybacks with a total consideration of S$131 million.
INSIDE INSIGHTS

Buybacks and director filings surge following heavy earnings season

[SINGAPORE] For the five trading sessions spanning Feb 27 to Mar 5, institutions were net sellers of Singapore stocks, with net institutional outflow of S$41 million, taking the accumulated net outflo...

All four units will be constructed in-house at the group's Miri Yard in Sarawak, Malaysia.

Nam Cheong secures US$64.5 million shipbuilding contract, its first in over a decade

The company will build four offshore support vessels for a UAE energy firm

Nam Cheong chief executive Leong Seng Keat said the group is currently in a “sweet spot”, supported by its complementary chartering and shipbuilding businesses.
HOT STOCK

Shipbuilder Nam Cheong rises 9.3% on US$19.8 million vessel sale

The 11-year-old, 3,000 deadweight tonnage vessel was sold to an Indonesian customer

The Sarawak-based offshore support vessel provider says the divestment is part of its fleet reprofiling initiatives.

Nam Cheong sells vessel for US$20.5 million to Vietnam firm

The sale is expected to contribute positively to the group’s earnings for the financial year ending 2025

Nam Cheong bags RM317.1 million in regional vessel charter deals

Nam Cheong bags RM317.1 million in regional vessel charter deals

[SINGAPORE] Sarawak-based offshore marine firm Nam Cheong has secured vessel charter contracts worth up to RM317.1 million (S$94.5 million) from regional oil majors.

After the market closed on Nov 28, Nam Cheong said that it had won multi-year contracts from regional and international oil majors.

Hot stock: Nam Cheong jumps 19.2% after RM1.2 billion in contract wins

The company will charter a total of 12 vessels under the deal

Leong Seng Keat, Nam Cheong's group CEO.

Nam Cheong defends board composition as SGX-ST queries Code non-compliance

MALAYSIAN offshore support vessel builder Nam Cheong defended its board composition on Wednesday (May 25) when asked why it had not ensured that its independent directors (IDs) make up a majority of t...

Nam Cheong auditor issues disclaimer of opinion on FY2021 financial statements

Nam Cheong auditor issues disclaimer of opinion on FY2021 financial statements

NAM Cheong said that its auditor has issued a disclaimer of opinion on the offshore support vessel builder's use of the "going-concern" basis of accounting for its FY2021 financial statements.