Shares Investment initiated coverage for Kim Heng Offshore & Marine Holdings (Kim Heng) back in October 2017. Following which in November 2017, the stock ran up almost 30 percent to close at $0.103. Starting the year with a bang, Kim Heng ran up to about $0.124, registering another 20.4 percent gain since then. In all, shares of Kim Heng have delivered a return of over 50 percent in three months since our coverage!
While higher oil prices have definitely boded well for oil stocks, Kim Heng’s impressive run-up has only its good fundamentals to thank. At the current share price of $0.124, Kim Heng is now trading at its book value, with a market capitalisation of $87.9 million. We are glad that the deep value in Kim Heng is finally being recognised. We hope you have profited!
Through our interaction with public-listed companies’ management, Shares Investment is dedicated to bring to you the most valuable insights for you to consider when you make your investment decisions.
In fact, we have a line-up of events for retail investors:
On 10 February 2018, we are arranging for our readers to go on a 2-way complimentary trip to Puteri Cove Residences and Quayside – an award-winning development by local-listed Pacific Star Development. Seats are limited so remember to sign up early! For more information, please click HERE.
In partnership with Singapore Exchange, we are holding Shares Investment Convention: China – ASEAN’s New Best Friend on 10 March 2018. We have invited some listed companies to speak at our event, so do catch them there! For more information, click SIC: China – ASEAN’s New Best Friend to find out more.