Nam Cheong - DBS Research 2025-11-17: Undervalued Gem, Ready To Set Sail

• Nam Cheong (SGX:1MZ) benefits from strong earnings visibility due to captive demand from Petronas and a strategic shift towards 60%-70% long-term charters.
• Nam Cheong is also diversifying its geographic presence and product offerings to tap into the buoyant Middle Eastern and Japanese markets, as well as growing demand for green offshore solutions.

A leading OSV player with the youngest fleet in Malaysia, and seemingly globally.

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

Captive OSV demand from Petronas with steady capex plan.

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Previous report by DBS:
2025-07-23 Nam Cheong - Undervalued OSV Gem.

Price targets by other brokers at Nam Cheong Target Prices.

Listing of research reports at Nam Cheong Analyst Reports.

Relevant links:
Nam Cheong Share Price History,
Nam Cheong Announcements,
Nam Cheong Dividend Payout Dates & Corporate Actions,
Nam Cheong News