Latest Forum Topics / Beng Kuang Last:0.215 -- | Post Reply |
Better marketability, liquidity=higher stock price
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smile80
Member |
07-Sep-2009 14:13
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Wow those who bought congrats 50% increase. May go up even higher?? Anyone?? | ||
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loyfam88
Senior |
07-Sep-2009 09:16
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Still wondering what is the news.... Hopefully we can sing all the way to the bank.... | ||
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smartrader
Elite |
05-Sep-2009 11:30
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one good penny..not vested.. | ||
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star888
Member |
05-Sep-2009 11:24
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those vested will sing all the way to the bank soon. not me |
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loyfam88
Senior |
04-Sep-2009 15:19
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I will be happy if it hits that. | ||
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joshlai86
Veteran |
04-Sep-2009 15:16
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300 lots buy queue at 38cents. haha news leak? people queueing to buy.... | ||
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joshlai86
Veteran |
04-Sep-2009 09:10
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I do hope it's a M&A brewing. | ||
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loyfam88
Senior |
04-Sep-2009 09:08
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Any news on the trading halt??? Sudden play up yesterday and then the sudden halt. | ||
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oceanblue
Senior |
25-Aug-2009 17:25
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Most marine, oil and gas counters have gone up. This one hardly |
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wongmx6
Veteran |
31-Jul-2009 08:51
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Base on what i learned from SGX Website, not long ago, some where this year, This Beng Kuang Marine issued many share for their family members, You could check those persons who's received the share, all their surname is started with Chua..... If not wrong, every one have 33xx lot of share. Family company loh, Outsider hard to play lah.
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oceanblue
Senior |
31-Jul-2009 08:34
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Is this one oil and gas counter? Seems to be a laggard. | ||
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787180
Master |
07-May-2009 10:19
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Beng Kuang Marine sails ahead
with 138% increase in PAT to S$9.1 million in FY2007
Profit attributable to shareholders jumped 77% to S$6.7 million on the back of 36% increase in revenue to S$95.7 million
To reward shareholders with total dividends of 0.70 cents per ordinary share Singapore, 22 February 2008
– Beng Kuang Marine Limited (“BKM”) and its subsidiaries (the “Group”) (“明光海事”) has achieved record earnings of S$9.1 million and profit attributable to shareholders of S$6.7 million on the back of S$95.7 million revenue for the financial year ended 31 December 2007. Overall highlights 4Q2007
S$ ‘000 4Q2006 S$ ‘000 Change FY2007 S$ ‘000 FY2006 S$ ‘000 Change Revenue 24,604 17,798 38% 95,687 70,550 36% Gross profit 8,887 3,434 159% 25,942 17,272 50% Profit from operations 3,633 1,295 181% 9,998 5,416 85% Profit before tax 3,249 1,070 204% 11,758 4,560 158% Profit after tax 2,286 1,110 106% 9,077 3,820 138% Profit attributable to shareholders 2,311 1,108 109% 6,745 3,819 77% FY2007 Financial Review
The Group’s revenue rose by 36% from S$70.6 million in FY2006 to S$95.7 million in
FY2007. The gross profit increased by 50% to S$25.9 million and the profit after tax increased by 138% to S$9.1 million year on year. The increase in the Group’s revenue was mainly attributable to the securing of higher value projects from the Infrastructure Engineering (“IE”) division, the new stream of revenue from newly incorporated subsidiaries and increase in market demand for its corrosion prevention services, and improved sales performance from the Supply and Distribution (“SD”) division. BKM
’s net profits attributable to shareholders increased by 77% from S$3.8 million to S$6.7 million for FY2007 year on year. The stellar performance was due to the high volume in marine and offshore oil and gas activities and costing efforts while maintaining administrative, selling and distribution expenses. Segmental Review
Revenue from the Corrosion Prevention (“CP”) division increased by S$6.6 million from
S$32.3 million in FY2006 to S$38.9 million in FY2007. The increase was mainly due to contributions from BKM’s newly incorporated subsidiaries that operate in Batam and the increase in market demand for corrosion prevention services. Infrastructure
Engineering ("IE") 29.8%
Corrosion
Prevention ("CP") 40.7%
Supply &
Distribution ("SD") 29.5%
2.0 2.2
3.8 9.1 0.0
2.0 4.0 6.0 8.0 10.0 S$ million
FY2004 FY2005 FY2006 FY2007 Figure 1: Profit after Tax Figure 2: FY2007 Revenue Breakdown
CAGR = 65.6%
Revenue from the IE division increased by S$12.4 million or 76% from S$16.2 million in
FY2006 to S$28.6 million in FY2007, showing the greatest growth among the various divisions. The increase in revenue was due to the contributions from the conversion and upgrading works of a Floating, Production, Storage and Offloading (“FPSO”) vessel in Indonesia. In addition, the Group was able to secure higher value IE projects. The increase in shipyard and rig building activities also had a positive effect on the SD division, which in turn led to an increased in demand for the Group’s hardware products. As a result, the SD division’s revenue increased by S$6.1 million from S$22.1 million in FY2006 to S$28.2 million in FY2007. “FY2007 is a record year for Beng Kuang Marine in terms of revenue and earnings.
The Group was able to capitalize on the numerous opportunities that were presented throughout 2007. To reward our shareholders for their support, we are proposing to declare a first and final dividend of 0.70 cents per ordinary share.” Mr Chua Beng Kuang (
蔡明光), Managing Director of BKM Growth Prospects
In June 2007, the Group successfully
acquired the 30-year leasehold waterfront land of approximately 32.8 hectare which is approximately four times its present operating yard in Batam. With decreasing yard space available for offshore vessel projects in the region, BKM’s timely land acquisition provides good opportunities to secure large-scale fabricating and engineering projects. The Group aims to increase its IE production capacity when the land is operational. In addition, the presence of a 350-metre waterfront in this newly acquired land allows for convenient transportation IE project in Batam, Indonesia
of large steel modules by sea. Barring unforeseen circumstances, this new yard is
scheduled to commence operations in 2H2008. Mr Chua continues, “With continued exploration and production spending due to high oil prices and the ongoing replacement cycle of oil rigs and offshore vessels still going strong, we continue to be optimistic about the outlook for the marine, offshore oil and gas sectors. With our new yard in Batam, we believe that the IE division has good growth potential due to the large number of shipbuilding and rig building projects undertaken by both local and Batam shipyards.” - End - About Beng Kuang Marine Limited
Beng Kuang Marine Limited (“BKM”) and its subsidiaries (the “Group”) are established providers
of Corrosion Prevention (“CP”) services, Infrastructure Engineering (“IE”) services, as well as the Supply and Distribution (“SD”) of hardware equipment and tools to the marine and offshore oil and gas industries. The CP and SD divisions have always been the main revenue drivers of the Group. However, with the rapid growth in shipbuilding and rig building projects, BKM expects the IE division to be a key growth driver in the future. For the IE division, BKM provides turnkey engineering services from planning, project management to implementation involving fabrication, corrosion prevention, testing, installation and pre-commissioning of steel work modules and structures for customers in the oil and gas industry. With the acquisition of Water and Environmental Technologies (WET) Pte Ltd in 2007, BKM is looking at business opportunities to expand the new Environmental and Resource (“ER”) division. For more information, please refer to the website, www.bkmgroup.com.sg Issued for and on behalf of Beng Kuang Marine Limited
By Financial PR Pte Ltd
For more information, please contact:
Mark LEE, marklee@financialpr.com.sg Yen TAN,
yen@financialpr.com.sg Tel: (65) 6438 2990 Fax: (65) 6438 0064
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787180
Master |
07-May-2009 09:59
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Worth collecting..see baker tech listed on 2nd board can move so much..BengKuang already promoted to main board should spike up even higher given its thinly traded nature and limited scripts
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joshlai86
Veteran |
09-Apr-2009 20:12
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this stock rose 50% in a week. | ||
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chinton86
Veteran |
09-Apr-2009 17:39
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All stocks rises....Not only this burglar king | ||
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joshlai86
Veteran |
09-Apr-2009 17:10
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steadily rising every day, good news coming??? | ||
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joshlai86
Veteran |
18-Mar-2009 11:44
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MEDIA RELEASE – FOR IMMEDIATE RELEASE Beng Kuang Marine partners Quill Far East to launch eco-friendly wet abrasive blasting technique
Addresses environmental and health concerns for the industry. Reduces docking cost for customers Wet abrasive blasting technique relatively new in Asian region |
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joshlai86
Veteran |
30-Sep-2008 19:10
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Singapore, 30 September 2008 - Beng Kuang Marine Limited (“BKM”) or “明光海事 ” and its subsidiaries (the “Group”), a leading services provider for corrosion prevention, infrastructure engineering, and supply and distribution services to the marine and offshore oil and gas industries, is pleased to announce that the Group’s wholly-owned subsidiary, Asian Sealand Engineering Pte Ltd has secured approximately S$21.0 million work contract from Leighton Contractors (Singapore) Pte Ltd, a subsidiary of Leighton Holdings Limited (“Leighton”). The Contract involves turnkey infrastructure engineering services which includes vessel deckhouse supply, fabrication, installation, testing and commissioning work. The project
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joshlai86
Veteran |
05-Aug-2008 22:22
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Beng Kuang Marine’s 1H2008 earnings surge 94% to S$5.37 million robust demand from the marine and offshore sectors Revenue for 1H2008 increased by 37% to S$68.78 million with revenue more than doubling to S$34.68 million Best performer was the Corrosion Prevention division, with itsSingapore, 4 August 2008 (the “Group” or “ to shareholders of S$5.37 million on the back of healthy revenue of S$68.78 million for
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osaka_teddy
Member |
10-May-2008 14:42
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another good stock | ||
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