One O&M company that has caught the attention of analysts is Nam Cheong, whose share price has risen from less than 20 cents in 1Q2024 to above $1.20 as of Feb 3.
Large-cap stocks have been the focus of most market watchers as the Straits Times Index scales new heights over the last two years. However, with blue-chip stock prices running ahead of themselves, some investors are tempted to seek out undervalued sectors and stocks.
The offshore and marine (O&M) industry is one such hunting ground. As the world’s busiest transhipment port and largest bunkering hub, Singapore is a natural home for listed O&M companies. After the industry’s lean years from the mid-2010s to the early-2020s, a recovery seems to be underway, lifting the fortunes of its constituent companies.
