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Nam Cheong
Broker's Calls
Can OPEC cuts help save O&M sector?
SINGAPORE (Oct 7): UOB Kay Hian is maintaining its “underweight” call for the offshore and marine sector citing flat capex from oil majors despite improved sentiment from OPEC cuts.
October 07, 2016
Market Close
STI closes 0.1% lower at 2,881.79
SINGAPORE (Oct 5): Singapore stocks ended Wednesday lower, snapping gains as developers lose ground on a mixed lead from other Asian markets.
October 05, 2016
Have oil prices finally turned the corner?
SINGAPORE (Sept 7): DBS Group Research is raising its oil price forecasts by US$10 per barrel to between US$45 and US$50 per barrel for FY16 and between US$50 and US$55 for FY17. This comes after sentiment on the oil market turned positive in May.
September 07, 2016
Results
Nam Cheong’s 2Q earnings plunge 74% to RM2.7 mil on lower revenue, absence of fair value gain
SINGAPORE (Aug 11): Nam Cheong, Malaysia’s largest shipbuilder of offshore support vessels (OSVs), posted 2Q earnings of RM2.7 million ($0.9 million), 74.3% lower from RM10.5 million the year before.
August 11, 2016