Trade Nam Cheong - N4Esg CFD

Trading Conditions

• Type: CFD
• Spread: 0.014
• Long position overnight funding adjustment: -0.01412%
• Short position overnight funding adjustment: -0.00779%
• Overnight funding adjustment time: 21:00 (UTC)
• Currency: SGD
• Min traded quantity: 1
• Margin: 20.00%
• Stock exchange: Singapore
• Commission on trade: 0%
• Guaranteed stop premium: 1%

Key Stats

• Prev. Close: 1.448
• Open: 1.488
• 1-Year Change: 0.68%
• Day's Range: 1.468 - 1.498

Trade Nam Cheong - N4Esg CFD

About Nam Cheong Ltd

Nam Cheong Limited is a Singapore-based offshore marine company specializing in the building and chartering of offshore support vessels (OSVs). The Company operates through three segments: Shipbuilding, Vessel chartering and Others - investment holding and trading of vessel machineries. The Company's business is engaged in the provision of OSVs used in the offshore oil and gas exploration and production (E&P) and oilfield services industries, including safety standby vessels (SSVs), anchor handling tug supply (AHTS) vessels, platform supply vessels (PSVs) accommodation work barges and maintenance work vessels, through its Vessel chartering and Shipbuilding segments. AHTS vessels are designed to provide anchor handling for offshore drilling rigs, tow offshore drilling rigs, barges and other types of OSVs. AWB vessels are specifically designed to house and accommodate crew. The Company is also engaged in operating a chartering fleet of approximately 30 vessels.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Nam Cheong Ltd revenues decreased 23% to RM286.2M. Net income totaled RM86.7M vs. loss of RM404.2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income reflects Other operating expenses decrease of 94% to RM25.9M (expense), Waiver of debts increase from RM805K to RM123.3M (income).

Equity composition

10/2010, Capital repayment of SGD .0785 04/2011, 1-for-50 Reverse Stock split.