Welcome!
Beng Kuang Marine
Broker's Calls
Maybank keeps ‘buy’ lowers TP on Beng Kuang Marine to 27 cents following 3QFY2024
Beng Kuang’s infrastructure engineering segment’s growth in the quarter remained robust, fuelled by demand for asset integrity solutions supporting FPSO and FSO in onshore and offshore markets.
10 days ago
Results
Beng Kuang Marine posts profit before tax of $3.8 mil for 3QFY2024, up 27.2% y-o-y
This came on the back of the group’s revenue growth in 3QFY2024, which saw a 25.1% y-o-y increase to $26.8 million.
16 days ago
Company in the news
Beng Kuang Marine redeems $3.5 mil bond
The group has also proposed to issue up to $3.5 million bonds due 2027.
October 21, 2024
Cybersecurity
Beng Kuang Marine reports ‘cybersecurity incident’ after external vendor suffers ransomware attack
The incident had a “marginal impact” on Beng Kuang Marine’s operations, as the group has been able to rely on backup data.
August 19, 2024
Offshore & Marine
Beng Kuang Marine transforms to build resilience
Beng Kuang's CEO Yong has a mission to restructure the group for success.
August 08, 2024
Broker's Calls
Maybank expects a strong 2HFY2024 for Beng Kuang Marine
Maybank remains positive on Beng Kuang's outlook, but its share price has tanked by almost 15% for the day.
August 06, 2024
Results
Beng Kuang Marine posts $11.3 mil profit before tax for 1QFY2024 from land sale
This surpasses the company’s FY2023 profit before tax of $10.82 million.
May 02, 2024
Results
Beng Kuang Marine swings back into the black with profit before tax of $10.8 mil in FY2023
On the back of cost minimisation and productivity initiatives, the company’s gross profit margin grew to 31.5% in FY2023.
February 27, 2024
Results
Beng Kuang Marine reverses into profit before tax of $2.22 mil for 3QFY2023
Revenue for the 3QFY2023 rose by 44% y-o-y to $21.4 million while 9MFY2023 revenue grew by 21% y-o-y to $53.3 million.
November 09, 2023
Insider moves
Beng Kuang Marine’s CEO acquires 250,000 shares in the company at 6.5 cents each
The acquisition ups Yong’s stake to 4.19% – or 8.35 million shares – from 4.07% previously.
August 30, 2023