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Last Price Today's Change   Day's Range   Trading Volume
0.625   +0.01 (1.63%)  0.62 - 0.625  221,300
3,316 comment(s). Last comment by Diamond7 at Apr 13, 2021 8:05 PM
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greenland
266 posts

Posted by greenland > Jun 7, 2020 5:14 PM | Report Abuse

From my experience in the past, Maybulk always track the BDI.. Baltic Dry Index
BDI rebounded from Second try near 400 level last week to 679 currently..
1. This is the correct timing to enter Maybulk as economies start to return.. raw materials and food supplies are needed. This is Maybulk main business- dry bulk cargoes
2. Since the US - China drama 2 years ago, the bulk industry has almost no new ship building contracts. This means that as old ships retire, there will be less and less ships in the market.
Therefore, with US reporting a sudden increase in jobs in May, the confidence is slowly coming back.
3. BDI should stabilise around 1200-1400 level by September ... I am tragetting Maybulk at RM 0.9 by September..


greenland
266 posts

Posted by greenland > Jun 7, 2020 5:16 PM | Report Abuse

Lowest for Maybulk in March was 0.22 ... it has been inching up trying several attempts at 0.385 and 0.39 once..
Looking at the movements, it is consolidating and will try to push above 0.40. Once above 0.40, it should be the new support...


koyokui
1058 posts

Posted by koyokui > Jun 9, 2020 9:05 PM | Report Abuse

Buy buy online shopping make carrier more important


chesslim
772 posts

Posted by chesslim > Jun 10, 2020 1:04 AM | Report Abuse

记住,当别人恐惧时你要贪婪。


greenland
266 posts

Posted by greenland > Jun 10, 2020 8:58 AM | Report Abuse

BDI now at 714 from 679 previous day.. definitely a reliable indicator of the freight rates and activities. Maybulk has been on the accumulation phase between 0.36-0.385.. if you observe, the volumes are slowly building in . This shows that there is an active accumulation.

if you want to make big money, you have to have the foresight, patience and confidence and most importantly GUTS... of course apply your guts wisely.

Another counter is Mahsing with cash reserves over RM 1 billion and active management with good dividend each year. EPF was buying above RM 1 plus before the crash. Able to give dividend 0.0335 in September 2020..

Another counter is TSH.. very strong management with maaturing crops. When COVID is over, surely demand for palm oil will pick up... US China trade war, China will not buy soy, high chance may switch to palm oil. If india lockdown reopen fully, consumption will spike. If you read MPOC report, india stockpile is very low and has started contracting 200,000mt of palm oil in end May for shipment June... This is called spot buy.. usually in commodities we buy in forward months.
What this means is that they need the commodity rather urgently and we have stock because our stockpile is high ..

Chesslim, you say it right. Be greedy when others are fearful.


alex
1065 posts

Posted by alex > Jun 10, 2020 9:26 AM | Report Abuse

real breakout, or one day show.. ehhhhh


greenland
266 posts

Posted by greenland > Jun 10, 2020 9:54 AM | Report Abuse

its on the uptrend... breakout is just one day show it should settle higher than previous days...


yangxi
346 posts

Posted by yangxi > Jun 10, 2020 11:04 PM | Report Abuse

bought 0.31 last month , sell 0.435 . good deal.


greenland
266 posts

Posted by greenland > Jun 13, 2020 9:51 AM | Report Abuse

BDI rises to 923..this is a good indication of economic activity picking up. Maybulk at 0.38 is very cheap


Lam LH
219 posts

Posted by Lam LH > Jun 15, 2020 2:56 PM | Report Abuse

dow futures drop 800 plus pts.


taofulou
31 posts

Posted by taofulou > Jun 16, 2020 1:23 PM | Report Abuse

BDI 973 now


greenland
266 posts

Posted by greenland > Jun 16, 2020 3:48 PM | Report Abuse

Yes, the rates are very high now because there is a shortage of dry cargo carriers in the market.


alex
1065 posts

Posted by alex > Jun 18, 2020 11:21 AM | Report Abuse

vroom.... vroom.. 0.5, 0.6


Diamond7
1629 posts

Posted by Diamond7 > Jun 18, 2020 11:28 AM | Report Abuse

1Q net profit 47.653 million


Hew Kiong Peng George
125 posts

Posted by Hew Kiong Peng George > Jun 19, 2020 6:22 AM | Report Abuse

BDI 1246..bull


chngmenghui
162 posts

Posted by chngmenghui > Jun 19, 2020 9:15 AM | Report Abuse

BDI UP22%


chngmenghui
162 posts

Posted by chngmenghui > Jun 19, 2020 9:16 AM | Report Abuse

1527!


Hew Kiong Peng George
125 posts

Posted by Hew Kiong Peng George > Jun 20, 2020 8:20 AM | Report Abuse

hurray


Nepo
1729 posts

Posted by Nepo > Jun 20, 2020 8:55 AM | Report Abuse

I hope Cabin not come here because he always uses his article to boost up the share price and then play dirty trick by selling out..


Hew Kiong Peng George
125 posts

Posted by Hew Kiong Peng George > Jun 22, 2020 7:24 AM | Report Abuse

1555


greenland
266 posts

Posted by greenland > Jun 22, 2020 11:02 AM | Report Abuse

Dont worry too much about the BDI movement though it does give an indication on the rates and ultimately profitability of Maybulk. The last time the BDI hit 1500, Maybulk was trading at 0.70 in Sept 2019....
However, this round, things are different. Back in 2019, people were brazing for a slowdown. This time around, there is a shortage of Capesize bulk movers... due to surge in iron ore import to China..
Last weekend deal US and China also see the agreement to purchase more soy beans from US.. meaning more demand of bulk carriers...

Just buy and keep... there will be some corrections here and there in the BDI...fundamentally the market shortage is real...


cheahsk
39 posts

Posted by cheahsk > Jun 23, 2020 8:18 AM | Report Abuse

Greenland, a question. Why Maybulk was making loses in 2019 when the index was going up to 2,400? You have any idea where their vessels are plying?


BlackWhite
958 posts

Posted by BlackWhite > Jun 23, 2020 11:33 AM | Report Abuse

Ship parking fee n maintenance n lesen


chngmenghui
162 posts

Posted by chngmenghui > Jun 24, 2020 5:59 AM | Report Abuse

BDI 1617


greenland
266 posts

Posted by greenland > Jun 24, 2020 9:48 AM | Report Abuse

cheahsk good question. Tq. freight rates are contracted forward..eg, 2019 peak at September but for voyage 1st qtr 2020 . Therefore, in accounting, the sales will only be recognized upon completion of the service...As such it is reflected in end 2019 last qtr and 2020 first half.
Same here, the rates sold now at peak will be recognise when the voyage will be effected in the later months...


cheahsk
39 posts

Posted by cheahsk > Jun 24, 2020 10:46 AM | Report Abuse

Tks Greenland. Did you attend the AGM two days ago? I am sure the management is aware of rates going up and the team should forecast a better revenue in the near future but I am not sure this was mentioned in the AGM to boost shareholder confidence. You think and eps of 0.06 is a fair estimate for 2020?. Another question, are their vessel sailing all over the world or just in asia.


Lam LH
219 posts

Posted by Lam LH > Jun 24, 2020 12:30 PM | Report Abuse

nta only 36cents and without dividends ... how high you expects it will moves up?


greenland
266 posts

Posted by greenland > Jun 24, 2020 2:04 PM | Report Abuse

I did not attend the AGM ... unfortunately. I usually read the minutes posted later


greenland
266 posts

Posted by greenland > Jun 24, 2020 2:08 PM | Report Abuse

NTA is important but not THE most important. The trend of the industry with good management is as important..


chngmenghui
162 posts

Posted by chngmenghui > Jun 24, 2020 8:48 PM | Report Abuse

Tq.greenland


chngmenghui
162 posts

Posted by chngmenghui > Jun 25, 2020 5:41 AM | Report Abuse

BDI 1705


Simon_khoo
561 posts

Posted by Simon_khoo > Jun 25, 2020 1:25 PM | Report Abuse

I factor:
1) BDI - supply & demand
2) Low fuel price

Maybulk will just cruise, no doubt.


alex
1065 posts

Posted by alex > Jun 25, 2020 3:15 PM | Report Abuse

can break 0.45 mah??


chngmenghui
162 posts

Posted by chngmenghui > Jun 26, 2020 5:24 AM | Report Abuse

BDI 1738


greenland
266 posts

Posted by greenland > Jun 26, 2020 8:14 AM | Report Abuse

Thanks for daily BDI updates chngmenghui...


chngmenghui
162 posts

Posted by chngmenghui > Jun 26, 2020 9:13 AM | Report Abuse

Welcome


valuewood11
31 posts

Posted by valuewood11 > Jun 26, 2020 10:40 PM | Report Abuse

quick quick up


mf
24333 posts

Posted by mf > Jun 26, 2020 10:40 PM | Report Abuse

Dow slides 550 points after Texas rolls back reopening amid spike in coronavirus cases


chngmenghui
162 posts

Posted by chngmenghui > Jun 27, 2020 5:31 AM | Report Abuse

BDI 1749


chngmenghui
162 posts

Posted by chngmenghui > Jun 30, 2020 5:42 AM | Report Abuse

BDI 1794


greenland
266 posts

Posted by greenland > Jun 30, 2020 9:54 AM | Report Abuse

thank you for your daily updates chngmenghui...
iron ore shipments is booked thru September.. as such no other space available for other cargoes.
Its a herd effect. the soy bean shipment to China from US is expected to begin in September.
As such the demand for dry bulk space is on the up trend.


Arnold76
43 posts

Posted by Arnold76 > Jun 30, 2020 9:44 PM | Report Abuse

Dear greenland where to get inform iron ore shipments booked thru Sept.....


chngmenghui
162 posts

Posted by chngmenghui > Jul 1, 2020 5:47 AM | Report Abuse

BDI 1799


chesslim
772 posts

Posted by chesslim > Jul 1, 2020 12:32 PM | Report Abuse

the maybulk up trend is comming !!


komathi80
25 posts

Posted by komathi80 > Jul 1, 2020 3:01 PM | Report Abuse

Really hoping for that. Good prospect but nobody wants to goreng I guess


xjteh
186 posts

Posted by xjteh > Jul 1, 2020 3:02 PM | Report Abuse

agree with that. based on the wave count, maybulk almost completed wave-2 retracement. It is about to start the wave-3 up trend. Hold on. Short ternmTP: 0.50-0.61, mid term TP: 0.775


chngmenghui
162 posts

Posted by chngmenghui > Jul 2, 2020 5:21 AM | Report Abuse

BDI 1803


Investing_Bursa
1241 posts

Posted by Investing_Bursa > Jul 2, 2020 12:38 PM | Report Abuse

Time to reload . China stocking up iron ore and pushing dry bulk up


Michael R.
3470 posts

Posted by Michael R. > Jul 2, 2020 2:54 PM | Report Abuse

Very good co n best entry BUY!!!


Nepo
1729 posts

Posted by Nepo > Jul 2, 2020 3:27 PM | Report Abuse

can buy or not...?

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