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.
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.