17/06/2026
UOBKH: Singapore Daily: Wednesday, June 17, 2026 [Update: BKM SP]
Top Stories
Company Update | Beng Kuang Marine (BKM SP/BUY/S$0.49/Target: S$0.75)
ASOM has secured two FPSO life extension contracts worth S$36.6m, lifting BKM’s pro forma orderbook to S$92.5m. We view this positively as it validates ASOM’s West Africa pipeline, with BKM now capturing full post-consolidation earnings. Maintain BUY with an unchanged target price of S$0.75. The recent share price correction of about 20% and an attractive 9x 2027 PE present a good buying opportunity.
Market Spotlight US stocks were mixed on Tuesday, with the Dow Jones rising while the S&P 500 and Nasdaq fell as the financials, utilities and industrials sectors rose. There were more advancers than decliners on the NYSE.
The FSSTI gained 39.57pt to 5,116.86, supported by strength in Singtel, Genting Singapore and DBS, with mid- and small-cap indices rising with a broad market advance on S$2.00b turnover.
Technical Analysis
Oversea-Chinese Banking Corp | OCBC SP
Trading buy range: S$24.25-24.26
Olam Group | OLG SP
Trading buy range: S$1.30-1.31
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