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KLSE : MAYBULK       MALAYSIAN BULK CARRIERS BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.575 0.77     +0.195 (33.91%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
02/02/2016 0.69 0.77 +0.08 (11.59%) HOLD MIDF Price Target News


Price Target Research Article/News (past 6 months)
02/02/2016  MIDF Maybulk-Profit warning issued-MIDF-020215



  5 people like this.
 
Markus See Capitulation.
03/02/2016 01:38
minion1234 chapter 11 bankruptcy ? MAS follower.
03/02/2016 10:03
ppxx881234 whats going on it? still can go up?
03/02/2016 10:38
minion1234 Very soon privatize. offer 2.00?
03/02/2016 10:40
Steven Lee look at the 10 years chart
04/02/2016 01:35
MATB This company need years ....
06/02/2016 13:33
chinkeong88 Jialat lo.. bought accumulated from 1.80, 1.20,1.00, 0.80,...n now...
07/02/2016 15:31
chinkeong88 Not dare to buy, worst invest even have a good background.
07/02/2016 15:33
sosfinance market cap vs net asset value = RM590m vs RM2,200

OSV (Associates)
Very hard to value this company due to making losses. Hence, from NTA perspective, assuming write off of associates RM700m (associates = RM1.3b v market value of associates RM0.6b).

Dry Bulk + Tankers (invested)
Estimated value = RM2.0 b, due to substantial drop in charter rate of USD25k per day to USD8k per day, tankers value provision say 50% = RM1.0b


ROUGH VALUE OF MAYBULK ASSETS

Net asset value = 2.2b - 0.7b - 1.0b = RM0.6b which is close to the share price.

UPSIDE

Depends basically on the recovery of BDI, but based on 2015 figures, another year of blood bath for 2015, i.e. losses of about RM70m. Going forward, if BDI continue to suffer in 2016 (likely), hence it will have another year of RM100m losses.

SO, lets see.
07/02/2016 16:29
Steven Lee look at the BDI 10 years chart also...
09/02/2016 11:13


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