Nam Cheong

The best is yet to come!

NAM CHEONG SELLS ANOTHER FOUR VESSELS FOR APPROXIMATELY US$92 MILLION
- Cumulative order book boasts 25 vessels worth RM1.7 billion
(approximately S$660.1 million1);
- Sales to contribute positively to FY2014 and FY2015 earnings.

40 cents cleared!

Volume continue to surge. Price contine to move up!

More vessels sale may drive it over 45 cents!

Ernest Lim CFA, CA, says:

Below is my compilation of Nam Cheong's 9MFY14 results as a % of each research house's estimates. Based on my personal opinion, I think there is a high chance that most analysts may upgrade their target price in the next few days since Nam Cheong 9MFY14 earnings have exceeded analysts 9MFY14 estimates, if not the entire year.




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