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Thursday, January 29th, 2026
Bursa KLSE stocksMarket Updates

Nam Cheong Poised for Growth: Undervalued Offshore Vessel Provider Set to Benefit from Sarawak Oil & Gas Demand 1

Posted on December 3, 2025 at 12:50 pm (GMT+8)

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Broker Name: DBS

Date of Report: (Date not provided in the document)

Excerpt from DBS report.

  • Report Summary:
  • Nam Cheong, a leading offshore support vessel provider, is expected to benefit from higher OSV demand and potential newbuild orders, which could significantly boost its FY26 earnings by 10-20%.
  • The company is undervalued compared to peers and is anticipated to see a share price re-rating, driven by redeployment of idle vessels and new contract wins, particularly after a muted 2025 earnings outlook.

Above is an excerpt from a report by DBS. Clients of DBS can be the first to access the full report from the DBS website: https://www.dbs.com/

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