Sign in to continue:

Wednesday, January 28th, 2026
Bursa KLSE stocksMarket Updates

Nam Cheong Set for Growth: Profitable Vessel Divestment & Newbuild Boom Signal Stock Re-Rating Potential 1

Posted on January 2, 2026 at 5:05 pm (GMT+8)

68
Views
Share on Facebook
Share on Twitter

Broker Name: DBS

Date of Report: (Not stated in the document, inferred as recent based on FY25/FY26 references)

Excerpt from DBS report.

Report Summary

  • Nam Cheong is divesting a 4,000 DWT PSV for USD20.5 million, crystallising a substantial gain and highlighting that its vessel book values are at least 50% below current resale values.
  • Proceeds from the sale will be redeployed into shipbuilding and fleet expansion, positioning Nam Cheong to capture opportunities from the expected upcycle in OSV newbuilds and charters, with potential catalysts including new contracts and vessel redeployment supporting a positive outlook for 2026.

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

Related Posts

Market UpdatesSingapore SGX stocks

Genting Singapore Stock Analysis: Tourism Recovery Challenges and Growth Potential in 2025
minichart
February 3, 2025

Comprehensive Financial Analysis of Genting Singapore and Global Gaming Peers Comprehensive Financial Analysis of Genting Singapore and Global Gaming Peers Broker: CGS International Date of Report: February 3, 2025 Genting Singapore: A Detailed Financial...

Market UpdatesSingapore SGX stocks

Sinarmas Land Takeover Offer – Hold and Do Not Accept
minichart
March 30, 2025

Lim & Tan Securities’ Comprehensive Market Insights: A Deep Dive into Singapore’s Top Stocks March 28, 2025 Sinarmas Land Receives Takeover Offer, Geo Energy Expands Coal Assets In this in-depth market report, the research...

Hong Kong stocksMarket UpdatesSingapore SGX stocksUS stocks

🚀 Malaysia Inc. Update: Apollo Soars, UWC Recovers, Chin Hin Pulls Plug, KPJ Awards Big, Yinson Secures Cash
minichart
June 17, 2025

🚀 Malaysia Inc. Update: Apollo Soars, UWC Recovers, Chin Hin Pulls Plug, KPJ Awards Big, Yinson Secures Cash KL:6432.KL:Apollo Food Holdings KL:6432.KL:Apollo Food Holdings posted record sales and a 50% surge in net profit...