Up 9.26% pre-market: Nam Cheong 1MZ.SI (SES) on 9.49M volume, target S$1.23

The 1MZ.SI stock (Nam Cheong Limited, SES) surged 9.26% in pre-market trade to S$1.18 on 9,491,700 shares, far above its 50-day average of S$0.91. This high-volume move follows strong sector momentum in Industrials and signals active re-rating by traders. Volume is nearly 2.5 times the average daily trade, which makes this a clear high-volume mover in the Singapore market. Traders should note immediate support at S$1.11 and short-term resistance near S$1.19 as intraday levels settle.

1MZ.SI stock: price action and volume

Nam Cheong (1MZ.SI) opened S$1.11 and hit a pre-market high of S$1.19, then printed S$1.18 at the time of this report. The stock traded 9,491,700 shares versus an average of 3,867,594, marking a significant volume spike.

High volume and a 9.26% move suggest either fresh buying interest or short covering. Traders should watch whether intraday volume sustains above 4.0M to confirm a breakout.

Fundamentals and valuation of 1MZ.SI stock

Nam Cheong shows robust fundamentals: EPS S$0.31, trailing PE 3.48, book value per share S$1.79 and market cap S$429,988,100. The company has a current ratio 2.20 and interest coverage 15.11, indicating solid short-term liquidity and low near-term stress.

On a multiples basis, 1MZ.SI’s PE is well below the Industrials sector average PE 16.79, which frames the stock as value-oriented but subject to cyclical demand in offshore vessel orders.

Technical setup and short-term signals

Technical indicators show an overbought short-term condition: RSI 84.48, ADX 67.30 (strong trend) and MACD histogram 0.02. Price sits above the 50-day average S$0.91 and 200-day average S$0.70, confirming a strong up-trend.

Because momentum is high, a short-term pullback to S$1.11–S$1.12 would be a lower-risk entry for traders targeting the next resistance band near S$1.40.

Meyka AI grade and model forecast for 1MZ.SI stock

Meyka AI rates 1MZ.SI with a score out of 100: 66.29 (Grade B) — HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus.

Meyka AI’s forecast model projects a short-term price of S$1.23 versus the current S$1.18, implying a 4.24% upside. Forecasts are model-based projections and not guarantees.

Trading implications and risk management

For high-volume traders, the current setup offers a momentum trade with defined risk. Suggested intraday stop is below S$1.11 and a conservative target is the Meyka model S$1.23. A more aggressive target is S$1.40 if volume remains above 4.0M.

Key risks include order backlog delays, short-term inventory build in shipyards, and a reversal if sector sentiment cools. Keep position sizes limited and track daily order announcements.

Sector context and peer comparison

Nam Cheong operates in Industrials (Aerospace & Defense subsegment) where the sector YTD performance is mixed and avg PE is 16.79. Nam Cheong’s low PE and strong return on equity 39.11% stand out versus peers, highlighting value but also exposure to cyclical offshore demand.

Monitor offshore services and oil majors for contract updates, as new vessel orders will drive the medium-term earnings outlook.

Final Thoughts

Nam Cheong (1MZ.SI) is a clear pre-market high-volume mover on 28 Jan 2026 driven by heavy buying and short-term momentum. The stock traded 9,491,700 shares and closed the pre-market run at S$1.18, above the 50-day average S$0.91. Fundamentals remain solid with EPS S$0.31, PE 3.48, current ratio 2.20, and strong interest coverage 15.11, which supports a restrained bullish view. Meyka AI’s model projects S$1.23 in the short term, implying an upside of 4.24% from S$1.18, while a technical stretch target near S$1.40 could follow if volume sustains. Our Meyka AI grade (66.29, Grade B — HOLD) suggests monitoring order flow and earnings updates before increasing exposure. These projections are model-based and not guarantees; traders should manage risk with stops below S$1.11 and size positions to account for sector cyclicality. For quick access to company filings and background, visit Nam Cheong’s site and our Meyka stock page for live updates.

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Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.