What drove the 1MZ.SI stock jump today?

The rise was driven by heavy volume of **5,978,700** shares and momentum buying. No new corporate release appeared, so sector rotation and peer moves likely lifted Nam Cheong (1MZ.SI). Technical break above the 50-day average also attracted short-term traders.

Is 1MZ.SI stock cheap on valuation?

Yes on headline metrics. Nam Cheong trades at **PE 3.84** with book value **S$1.79** and ROE **39.11%**. Compared to the Industrials sector PE of **16.58**, the stock looks value-priced but cyclical risks remain.

What is Meyka AI's forecast for 1MZ.SI stock?

Meyka AI's forecast model projects **monthly S$1.36**, **quarterly S$1.67**, and **yearly S$1.55**. The yearly figure implies about **22.18%** upside versus the current price **S$1.27**. Forecasts are model-based projections and not guarantees.

What risks should investors watch with 1MZ.SI stock?

Main risks include weaker offshore capex, shipyard execution delays, and swings in steel or input costs. Short-term indicators are overbought, increasing pullback risk after the high-volume run.

SG Stocks

Nam Cheong (1MZ.SI, SES) up 6.72% to S$1.27 on 02 Feb 2026: high-volume mover

ByDanny Kontos February 2, 2026February 2, 2026

1MZ.SI stock led Singapore’s high-volume movers on 02 Feb 2026, rising 6.72% to S$1.27 on volume of 5,978,700 shares. The move outpaced the Industrials sector and pushed price above the 50-day average of S$0.94. Traders noted a strong intraday range from S$1.21 to S$1.32, and a year-to-date gain of 20.81%. We assess the drivers, valuation, technical signals, and Meyka AI forecasts to frame short-term trade ideas and medium-term targets for Nam Cheong Limited on the SES.