Beng Kuang Marine Expected to Recognize Higher Revenue in 2H -- Market Talk

Dow Jones
05/12

0326 GMT - Beng Kuang Marine is likely to recognize higher revenue in 2H, UOB Kay Hian analysts say in a research report. The Singapore-listed company's proposed acquisition of the remaining stake in Asian Sealand Offshore & Marine is slated to be completed by end-June, the analysts note. This deal is expected to substantially boost the company's 2H revenue and is earnings-accretive, enabling the provider of corrosion prevention and infrastructure engineering services to fully capture Asian Sealand Offshore & Marine's high-margin earnings while strengthening its core engineering segment. The brokerage raises the stock's target price to S$0.75 from S$0.64, with its buy rating unchanged. Shares are 0.9% lower at S$0.57. (ronnie.harui@wsj.com)

 

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May 11, 2026 23:27 ET (03:27 GMT)

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