Nam Cheong jumps 15.07% after RM1.2 billion in contract wins

MT Newswires
2024-11-29

Shares of mainboard-listed Nam Cheong surged on Friday (Nov 29) morning. As at 9.20 am, the counter rose 19.2 per cent or S$0.07 to S$0.435, with about 1.6 million shares changing hands.

The share price later eased to S$0.420, still up 15.07 per cent or S$0.055, as at 13.32 am, with 2.6 million securities having been transacted. No married deals were recorded in early trade, based on ShareInvestor data.

Nam Cheong (SGX:1MZ) has secured multi-year charter contracts worth up to 1.22 billion ringgit from regional and international oil majors, according to a Thursday filing on the Singapore Exchange.

The contracts, starting in 2025, span three years with extension options, covering 12 vessels, or one-third of Nam Cheong's fleet.

Nam Cheong said the deal bolsters its presence in Southeast Asia's oil and gas market, leveraging Sarawak's status as a key production hub with over 60% of Malaysia's reserves.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10