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Kim Heng Offshore & Marine
04-08-2014, 09:06 AM. (This post was last modified: 04-08-2014, 09:10 AM by CityFarmer.)
Post: #1
Kim Heng Offshore & Marine
Profit warning.

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07-11-2014, 07:21 AM.
Post: #2
RE: Kim Heng Offshore & Marine

Kim Heng's Q3 profit plummets 62%
Fall in revenue and gross profit margin; group expects final quarter to fare better than Q3

7 Nov5:50 AM

LOWER revenue and poorer gross margin combined to drag down Kim Heng Offshore & Marine Holdings' third-quarter earnings.

The company, which was listed on Catalist in January this year, on Thursday posted a sharp 62 per cent fall in net profit to S$1.15 million for the

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12-06-2017, 07:01 PM.
Post: #3
RE: Kim Heng Offshore & Marine
Kim Heng bought some assets of Swiber at fire sale prices:

With this transaction Kim Heng's cash position should be reduced to about $10m, and its debt raised to about $25m.

Is Kim Heng smart, or will this accelerate its cash burn rate?

With lower shale production costs, will demand for offshore and marine services recover to previous levels?

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12-06-2017, 07:55 PM.
Post: #4
RE: Kim Heng Offshore & Marine
If we accept contrarian notions, buying those assets now would make sense.
Not vested.
=========== Signature ===========
You can count on the greed of man for the next recession to happen.

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