I've been extremely busy with work over the last few months. As a result, I didn't realize it had been over 3 months since my last written update on this blog.  Despite that, I decided it was time for a follow up on a company I've been watching closely - Beng Kuang Marine ("BKM"). A lot has happened with their share price since my last write-up. It peaked at over $0.30 after being at $0.168 previously. Now it has pulled back to around $0.210.

Beng Kuang Marine Share Price / Source: InvestingNote

I distinctly recall the first time I covered BKM back when their share price was just $0.061! They've undoubtedly come a long way since. Most recently on 5 Aug 24, BKM announced their half-year financial results.

Beng Kuang Marine Income Statement

While the results were impressive, the profit margins alone do not fully capture the significance. Even removing the $5.5 million one-time gain from disposing of the Batam shipyard, BKM remained profitable. This highlights the true...