Nam Cheong (SGX:1MZ) Second Quarter 2024 Results

Key Financial Results

• Revenue: RM200.5m (up 47% from 2Q 2023).

• Net income: RM71.3m (up 147% from 2Q 2023).

• Profit margin: 36% (up from 21% in 2Q 2023). The increase in margin was driven by higher revenue.

• EPS: RM0.11.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nam Cheong shares are up 45% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 5 warning signs for Nam Cheong (2 shouldn't be ignored!) that you need to be mindful of.

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