Added to YB: 2025-12-12
Pitch date: 2025-12-10
BEZ.SI [bullish]
Beng Kuang Marine Limited
-1.75%
current return
Author Info
Halvio Capital is an investment firm that seeks to compound capital at high rates of return while taking limited risk of capital impairment through separately managed accounts. The firm’s goal is to outperform the broader indices over a long time frame. Sign up for the newsletter.
Company Info
Beng Kuang Marine Limited, an investment holding company, provides infrastructure engineering and corrosion prevention services in Singapore, Asia, Europe, the Middle East, and internationally.
Market Cap
SGD 60.5M
Pitch Price
SGD 0.28
Price Target
0.57 (+100%)
Dividend
2.07%
EV/EBITDA
2.57
P/E
9.83
EV/Sales
0.51
Sector
Commercial Services and Supplies
Category
turnaround
New Idea: Beng Kuang Marine Ltd.
BEZ.SI: Singapore oil services co transformed from loss-making to profitable under new CEO since 2021. Net cash $17M, trades 3x FCF. ASOM subsidiary serves 24 of 186 FPSOs globally with sticky contracts. 22% 5yr revenue CAGR, 37.5% gross margins. Risks: oil price volatility, project delays.
Read full article (8 min)