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FINWIRES

Beng Kuang Marine Bags SG$60 Million Worth of Contracts in Q1; Shares Up 4%

-- Beng Kuang Marine (SGX:BEZ) secured SG$55.9 million worth of contracts during the first half of the year, according to a Wednesday filing with the Singapore Exchange.

Shares of the maritime company were up over 4% in Thursday trading.

The company's ASOM platform bagged about SG$27.6 million in confirmed contracts across Angola, Malaysia, Ghana, Brazil, China, and Singapore.

Meanwhile, Beng Kuang Marine's shipbuilding order book grew to SG$15.8 million through its Indonesia-based entity, Nexus Engineering Indonesia.

The IOE platform secured SG$12.5 million in new contracts.

As of March 31, the company has secured around SG$51.2 million of phased revenue for 2026.

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