July 27, 2021

2 thoughts on “Kim Heng – Growing or just another Beneficiary of the strong Offshore Outlook?

  1. Thanks for your detailed analysis! Yeah this company reminds me of ASL Marine, another family-run offshore marine business..

  2. Hi Jane,

    Indeed ASL and KH has so many similarity. Both are family run and ASL founder Ang Sin Liu still go to the office and his four sons-directors are 2nd gen in the co. KH already consist of 3rd gen. ASL business model is more focus in my own opinion – Shipbuilding, Ship Repair and owning of vessels normally simpler ones. Both has huge overheads from workers and yard facilities, project base non-recurring businesses imply cash flow for both companies is always the biggest challenge!

    Thanks Rolf.

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