TUB Assert - Beng Kuang Marine's Financial Resurgence

Still Vested I have previously covered Beng Kuang Marine in several articles, and I'm excited to share the latest update on their financials. On August 11, 2023, the company released its six-month financial report, highlighting two crucial points: (1) Remarkably, the company has achieved a turnaround and generated a profit without relying on gains from shipyard sales. This outcome exceeded my expectations. The thriving FPSO and FSO market during the period of high oil prices, surpassing $100 per barrel, undoubtedly contributed to this success. Source: HY2023 Financials As quoted from the press release, "The Group’s IE continues to be its core revenue generator with revenue growth of 7.5% in 1H2023, with its 51%-owned subsidiary, Asian Sealand Offshore and Marine Pte Ltd (“ASOM”), being the main revenue contributor of IE’s 1H2023 sales as a result of increased business volume from higher demand for FPSO and FSO contracting services...ASOM has diversified its geographical sco

TUB Assert: Recession Fears Are Overblown

It's been quite some time since my last article, but I'm excited to share that I've been working on a new collaboration which is currently in progress. I appreciate your patience, and I promise that the details will be revealed in due time. In recent discussions with colleagues, the topic of recession has resurfaced. It can be challenging to express contrarian ideas, especially when working in the finance sector, as it's not always easy for people to believe alternative viewpoints. However, I firmly believe that we won't experience a recession on a global scale, similar to the one we faced in 2008/2009. I say this because I've personally experienced the depths of that economic downturn. I've dedicated a significant amount of my writing to explain why I hold this perspective, and I want to take this opportunity to remind everyone of my opinions on why a recession is unlikely: We are prepared: The fact that everyone is talking about a potential recession ind

TUB Assert - Beng Kuang Marine Turnover is Almost Complete!

Vested. I have previously written about Beng Kuang Marine (BKM) on two occasions. Following my February 2023 article , I stated that the industry outlook would be favorable for BKM. Subsequently BKM's share price rose from $0.049 to $0.072, a gain of 46%. BKM Share Price. Source: Yahoo Finance I also wrote a series of tweets on my Twitter account (follow me!) about oil prices, which I believe will remain at least flat until December 2024. This will further benefit BKM's business as more FPSOs will be brought to them for maintenance. However, after the article, the full year results were released and showed significant losses from operations. Equity fell from $18 million to $4 million. The current ratio was less than 1. BKM FY2022 Income Statement BKM FY2022 Balance Sheet But if we focus on the positives, net cash from operations was actually positive. Liabilities reduced, especially borrowings. And revenue increased. BKM FY2022 Cashflow Statement On April 12, 2023, BKM sold

TUB Assert - Tesla's Megapack Opportunity in the Solar Boom

In the course of my work, I have seen a sudden new strength and demand in the solar industry around late March to April of this year. This new demand is highly likely a realization after the Russia-Ukraine war. I still remember, after that realization, I checked the silver price. Technically, it was up year-to-date. Silver Price. Source: This was the same scenario for the silver mining companies. The previously undervalued ones had also gone up along with the silver price. Oh...If you still don’t know, silver is one of the main raw materials for solar panels. In fact, one of the main industrial uses for silver is in solar panels. Thus, I moved on from them and started looking at solar panel manufacturers and related companies in the industry. To be honest, their year-to-date charts did not show that they had risen significantly. But I remembered finding them too expensive from a valuation perspective. Basically, none of them had shown a significant fall from grace. Solar

TUB Path To 100% - May 2023

It has been some time since I last posted here, but rest assured that I have not been idle. For those who have been following my social media, you are likely aware that I recently authored a few articles on Seeking Alpha (Shared within this post) . If you haven't already, I invite you to follow me on my Seeking Alpha profile . Moving forward, my focus will be primarily on writing for Seeking Alpha, as it presents a fantastic opportunity for me to aim for the highest possible return in the shortest amount of time. However, I do plan to keep TUBInvesting alive and active. After all, it is where I began my journey . Going forward, I will be publishing 2 articles on TUBInvesting each month as part of two new series. The first series will be a monthly update, TUB Path To 100%.  It will document my journey towards recovering back to portfolio of 100%. The second series, TUB Assert , will feature special write-ups on companies, industries, or views that I find particularly compelling. As

Can Jay Chou Save GHY Culture and Media in FY2023?

If you are an investor interested in the media industry, you should consider GHY Culture and Media (SGX: XJB), which produces numerous dramas and films in countries like China, Singapore, and Malaysia. GHY's content is also featured on major video streaming platforms and TV networks in China. Additionally, the group has organized concerts for international artists in Singapore, Malaysia, and Australia. GHY's business comprises three main segments: TV Program and Film Production Costumes, Props, and Make-up Services and Talent Management Services Concert Production The most profitable and revenue-generating segment in 2022 was concert production. The company co-produced concerts for Power Station and Guns N' Roses in Singapore, and organized Jay Chou's Carnival World Tour (Singapore) concerts at the Singapore National Stadium on December 17 and 18, 2022.  Jay's Concert Poster. Source: GHY Website These events alone brought in S$20 million in revenue and over S$8 mill

Scammers Co-Opted My Alter Ego

It appears that scammers everywhere are exploiting my alternative persona to defraud individuals. Occasionally I elect to disregard them. However, the email below goes too far. It is literally contacting my partners and demanding that they forward this email to me. The S*** Email To My Partners This seems to be another one of the scams. S*** website Press Release on the S*** Website Moreover, when searching for "TUBInvesting" through Google, I previously discovered peculiar material relating to this blog. I recognize I have become a premier news source. News Article 1 News Article 2 News Article 3 The news reports originated from one of my affiliations tab beneath "Latest News" with PRNewswire. Presumably I shall retract them promptly. Screenshot of the Blog Tab Please be careful. If you need to contact me, there is a link on my blog on how to locate me. Stay Tuned.