TJ DaRenTang's dividend yield validates the undervaluation thesis

Reference to my post dated 12 November 2025: TJ DaRenTang USD (T14.SG): 62% Upside from Dual-Listing Arbitrage

TJ DaRenTang (T14) traded ex-dividend on 30 January 2026 with a dividend of US$0.35262 per share. The share price closed down 28 cents, which means the price effectively rose 7.262 US cents after adjusting for the XD impact.

With the closing price at US$3.01, the interim dividend yield is already 11.7%. Historically, the company has paid only one dividend annually at their final results announcement, so I expect they will declare the final dividend when they release earnings on 31 March 2026, and the annual dividend yield could potentially exceed 20%!

My earlier post explained that the dual-listing discount presents a compelling value opportunity. I was initially hoping for a 5%+ dividend yield to provide downside protection and earnings support from the A-share market. Now that the dividend yield has already reached at least 11.7% based on the closing price of 30 January 2026, my conviction has strengthened. I will have the patience to wait for Mr. Market to close the valuation gap and push T14 toward its fair value of US$5 or above, even though my unrealized return has already reached close to 20% based on my purchase price of US$2.81 in August 2025.

Prescientsuper
https://superphang.blogspot.com

Nam Cheong capitalizes on Indonesian O&G boom with timely vessel sale and dual-pronged growth strategy

Reference to my earlier post dated 30 Dec 2025: Nam Cheong: Positioned to Ride the OSV Market Recovery

Nam Cheong reached a peak of $1.12 on both 21 and 22 January 2026, surpassing my prediction of $1.10. It closed at $1.08 on 26 January 2026.

After market close on 26 January 2025, Nam Cheong announced that the Group had entered into a sales agreement with an Indonesian customer to sell one (1) 11-year-old 3,000 deadweight tonnage (“DWT”) platform support vessel (“PSV”) for US$19.8 million.

The vessel sale is part of the Group’s fleet reprofiling initiatives and is expected to contribute positively to the Group’s earnings for the financial year ending 2026. Vessel delivery is expected to be concluded in 1Q2026, and net proceeds will be allocated for debt repayment and working capital needs.

The vessel is sold to an Indonesian customer for immediate deployment to support ongoing operations. This transaction aligns with the pickup in offshore activities in Indonesia, where investments in upstream oil and gas (“O&G”) reached a decade-high of US$7.19 billion in 1H2025, up 28.6% y-o-y.

Following the vessel sale, Nam Cheong will manage a total of 36 OSVs with an average vessel age of 9 years. The relatively young fleet provides the Group with a long runway to generate recurring income from charter contracts, or monetisation at opportune times to advance capital recycling.

Globally, the OSV market reached US$4.73 billion in 2024, and is projected to grow at a 7.5% compound annual growth rate (“CAGR”) between 2025 to 2034, reaching US$9.75 billion by 2034.

Commenting on the vessel sale, Mr. Leong Seng Keat, Chief Executive Officer of Nam Cheong said, “I believe that we are at a sweet spot supported by our complementary OSV chartering and shipbuilding businesses. We have the optionality to generate recurring income through the monetisation of our older vessels via ship sales or continue to generate revenue with our chartering services. At the same time, with the resumption of our shipbuilding business, we have the capability of external vessel sales or expanding our ship chartering fleet. We believe this dual-pronged strategy will not only advance growth momentum with stronger cash flows but also unlock shareholder value over time.”

I purchased the stock at $0.72 per share on 5 Sep 2025 and already have an unrealized profit of about 50% in less than 4 months. I will continue holding this position given this positive news. My Chinese New Year angbao has arrived early this year with stocks like Nam Cheong and UOB Kay Hian.

Prescientsuper
https://superphang.blogspot.com

 

XMH Chairman's continued purchases signal strong confidence in company prospects

XMH's Chairman and Managing Director, Tan Tin Yeow, demonstrated continued confidence in the company by purchasing an additional 15,000 shares on 7 January 2026, at $1.53 per share for a total of $22,950. This transaction increased his stake from 64.72% to 64.73%.

The relatively modest size of this purchase likely reflects the stock's limited liquidity rather than a lack of conviction. Given his already substantial majority holding and the constraints of available shares, this insider buying suggests that Mr. Tan would likely acquire more if market conditions permitted.

For existing and prospective investors, this insider activity represents a meaningful vote of confidence. When a chairman with deep operational knowledge continues to increase their position—even incrementally—it often signals positive expectations for the company's future performance. Investors may wish to consider this as a potential indicator for maintaining or building their positions in XMH.


Prescientsuper
https://superphang.blogspot.com

XMH Chairman Doubles Down: $103K Share Purchase Signals Strong Conviction

Following up on my XMH posts from 26 Jun 2025 Potential 3.7-Bagger with 10% Yield

and 27 Jun 2025 XMH validates investment thesis with 34.6% gain in a day

XMH's Chairman and Managing Director, Tan Tin Yeow, just bought 67,600 shares for $103,428 (at $1.53 per share) on 5 Jan 2026, boosting his stake from 64.63% to 64.69%. With conviction like that, something significant could be brewing.

I am looking forward to what unfolds.


Prescientsuper
https://superphang.blogspot.com

YZJ Shipbuilding Gains Momentum: $4 Resistance Looms

 Referring to my earlier post on YZJ Shipbuilding dated 29 Aug 2025:
Yangzijiang Shipbuilding Holds Steady Amid Global Trade Shifts

 and my first post on YZJ dated 16 Jul 2025:
YZJ Shipbuilding: Where Value Meets Growth

The Shanghai Composite Index has surpassed the psychological 4,000-point level on strong volume. Smart money appears to have anticipated or received advance knowledge of YZJ's robust financial results, driving the stock up 9 cents to $3.56 on 6 January 2026, and reaching $3.61, up another 5 cents, by midday today, 7 Jan 2026.

         
YZJ daily chart as of 6 Jan 2026 close

We should see $4 resistance tested soon.

Prescientsuper
https://superphang.blogspot.com