Nam Cheong

SINGAPORE (Nov 10): Nam Cheong, the Malaysia-based builder of specialised offshore support vessels, reported earnings of RM0.72 million ($0.24 million) for 3Q, compared to earnings of RM6,000 a year ago due to higher other income and lower selling and adm

SINGAPORE (Oct 7): UOB Kay Hian is maintaining its “underweight” call for the offshore and marine sector citing flat capex from oil majors despite improved sentiment from OPEC cuts.

SINGAPORE (Oct 5): Singapore stocks ended Wednesday lower, snapping gains as developers lose ground on a mixed lead from other Asian markets.

SINGAPORE (Sept 7): DBS Group Research is raising its oil price forecasts by US$10 per barrel to between US$45 and US$50 per barrel for FY16 and between US$50 and US$55 for FY17. This comes after sentiment on the oil market turned positive in May.

SINGAPORE (Aug 11): Nam Cheong, Malaysia’s largest shipbuilder of offshore support vessels (OSVs), posted 2Q earnings of RM2.7 million ($0.9 million), 74.3% lower from RM10.5 million the year before.