In an Aug 11 report, Seet says: “We expect 2HFY2025 to be slighty better than 1HFY2025 and margin improvements to sustain in 2HFY2025 as well. We maintain our earnings forecasts.”
Maybank Research is keeping its “hold” recommendation on Beng Kuang Marine (BKM) with a higher target price of 22 cents from 19 cents previously, following its latest 1HFY2025 ended June results release.
Revenue for the first half fell 15.2% y-o-y to $50.8 million, while Patmi was $2.9 million, in line with Maybank’s estimates. Profit margin has improved from 35.5% in 1HFY2024 to 38.2% in 1HFY2025, which analyst Jarick Seet find “encouraging”.
