Nam Cheong

Nam Cheong: Bags US$130m worth of contracts with Bumi Armada, one of the largest collective win in Group's history. The contract are for 4 Multi Purpose Platform Support Vessels (MPSV) with an option to build an additional 4. This brings Nam Cheong's order book to Rm1.3b. These MPSVs are build to support offshore deepwater activities with multi-purpose functions of transporting cargo and to standby for rescue work. Nam Cheong trades at 9.1x P/E, 2.1x P/B.