Singapore's Beng Kuang Marine HY revenue rises

Beng Kuang Marine

07/08/2026 11:47

Overview
Singapore marine services firm's half-year revenue rose 9.7% yr/yr to S$55.7 mln
Gross profit for the period fell 24.8% yr/yr amid higher cost of sales

Outlook
Company did not provide specific guidance or outlook for current or future periods in press release

Result Drivers
HIGHER COST OF SALES - Gross profit fell as cost of sales increased 31.1% yr/yr, outpacing revenue growth
LOWER ADMINISTRATIVE EXPENSES - Administrative expenses declined 12.1% yr/yr

Company press release: ID:nSN3YTWC0

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
S$55.7 mln
 
H1 EBITDA
 
S$9.55 mln
 
H1 Gross Profit
 
S$14.6 mln
 

Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the construction & engineering peer group is "buy."
Wall Street's median 12-month price target for Beng Kuang Marine Ltd is S$0.75, about 53.1% above its August 7 closing price of S$0.49
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
Aug 6 - Singapore's Yangzijiang Shipbuilding HY revenue rises on higher contract prices
Aug 5 - Singapore's Koh Brothers Eco Engineering posts half-year net loss as costs surge
Aug 5 - Tighter supply elevates Singapore marine fuel premiums above its regional peers

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)