SGinvestors.io > Analysts Say > Research Report
Beng Kuang Marine - 2H Likely To Be Stronger
SGinvestors.io
Published:
Beng Kuang Marine (SGX:BEZ)
- Beng Kuang Marine (SGX:BEZ)’s 1H24 revenue increased 88% y-o-y to S$59.9m. PATMI also surged, to S$8.38m from a loss a year ago. The profit includes a one-off gain of S$5.53m from the second partial land sale in 1H24.
- - Read this at SGinvestors.io -
Robust FPSO-related activities boost 1H24 revenue
- Beng Kuang Marine’s 1H24 revenue surged 88% y-o-y to S$59.5m, mainly due to the strong performance by its 51%-owned subsidiary Asian Sealand Offshore & Marine (ASOM), which boosted infrastructure engineering (IE)’s organic revenue by 142% y-o-y in 1H24.
- We expect 2H24E to likely replicate or perform even better than 1H24 due to the robust tailwind in the Floating production storage and offloading (FPSO) sector. However, much higher than expected admin expenses hampered operating margins but we believe this will improve going forward.
Bonus warrants of 3 for every 10 shares held
- - Read this at SGinvestors.io -
Upside capped due to dilution
- Read more at SGinvestors.io.
Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.maybanktrade.com.sg/.
Jarick Seet Maybank Research | https://www.maybank-ke.com.sg/2024-08-06
Previous report by Maybank:
2024-07-08 Beng Kuang Marine - Potential FPSO Multi-Bagger; Initiate With BUY.
Price targets by other brokers at Beng Kuang Marine Target Prices.
Listing of research reports at Beng Kuang Marine Analyst Reports.
Relevant links:
Beng Kuang Marine Share Price History,
Beng Kuang Marine Announcements,
,
Beng Kuang Marine News Articles
Advertisem*nt
You May Also Like
SGX Market Information |
| Straits Times Index (STI) Constituents Share Price Performance|
SGX Top Volume| SGX Stocks Surging Volume| SGX Top Gainers (%)| SGX Top Losers (%)| SGX Top Gainers ($)| SGX Top Losers ($)|
SGX Stocks 3-Month High| SGX Stocks 3-Month Low| SGX Stocks 52-Week High| SGX Stocks 52-Week Low|
SGX Top Short Sell Counters by Volume| SGX Top Short Sell Counters by Value|
SGX Market Fund Flow Overview| SGX Cumulative Fund Flow By Sector| SGX Weekly Fund Flow By Sector|
Analysts Say - Broker Research Reports |
Analyst Report On SGX Listed Stocks/REITs| Analyst Report On Market Strategy| Latest Reports By Industry Sectors|
| Price Targets with Substantial Upside / Downside Potential| |
SGX Stock / REIT Search
Earnings Calendar
TOP 10 SEARCHES:
OCBC Share Price, SIA Share Price, DBS Share Price, SingTel Share Price, Seatrium Share Price, UOB Share Price, SATS Share Price, Genting Singapore Share Price, Keppel Share Price, ST Engineering Share Price.
NEWLY LISTED COMPANIES ON SGX:
SAM Holdings (SGX:9G2)
ProsperCap (SGX:PPC)
17Live Group (SGX:LVR)
Winking Studios (SGX:WKS)
Advertisem*nt
Most Read
- 1 Day
- 1 Week
- 1 Month
- SingTel - Strong 1QFY25As Margins Expand, On Track To Exceed FY25 Guidance
- Centurion - Growth Outlook Undimmed For The Next Two Years
- CapitaLand Investment - Dancing In The Rain
- Singapore REITs - The Strain From The Strong USD Is Gradually Dissipating
- Wilmar International - Cautiously Optimistic On 2H24
- Wilmar International - The Wait Endures
- SingTel - Prices Are Up, Costs Down, But Currency Headwind
- Singapore REITs - A Slightly Positive Progressive Step; OVERWEIGHT
- AEM - Not A “Chip” Bargain Yet
- Genting Singapore - Earnings Fall Short, Dividends Shine
- Wilmar International - Cautiously Optimistic On 2H24
- AEM - Still A Long Way To Recover – Downgrade To SELL
- CapitaLand Investment - Ongoing Transition Towards Fee Income Related Business Growth
- City Developments - Shifting To Asset Deleveraging Mode; BUY
- AEM - 1H24 Earnings & Guidance Way Below Estimates; Reduce Target Price By 38%
- CapitaLand Investment - Dancing In The Rain
- Singapore Market Focus - 2H 2024 Outlook
- Singapore REITs - Upside Volatility; Make Hay While The Sun Shines
- Keppel - Underappreciated Rate Cut Beneficiary
- Singapore 2H24 Strategy - Looking For Turning Points
- Singapore REITs - Rate Cuts Coming But Not Too Much
- Phillip 3Q24 Singapore Strategy - Seizing The Yield
Trust Bank Referral Code 🎁
Advertisem*nt
