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Last Price Today's Change   Day's Range   Trading Volume
0.515   -0.025 (4.63%)  0.505 - 0.54  9,736,400
5,674 comment(s). Last comment by hantamking at Nov 27, 2021 1:36 PM
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KML889
647 posts

Posted by KML889 > Aug 23, 2021 4:47 PM | Report Abuse

Yeah exactly. Don't always compare MBC with someone that is far more superior and economies of scale.


ToTheMoon99
11 posts

Posted by ToTheMoon99 > Aug 23, 2021 7:34 PM | Report Abuse

@KML889 then can you explain to me how did Rubberex, Comfort, Careplus, Adventa, heck even Mahsing went up so high in share price value back in May,June?

They are not superior and their economies of scale is not as great as the big 4 and other larger size glove companies.


sharonchong
222 posts

Posted by sharonchong > Aug 23, 2021 8:41 PM | Report Abuse

BDI breaks record again.. What a big sales.. No worries guys, as long as you have holding power, sooner or later you will see Maybulk fly..

BDI 4,092 -> 4,147 (+55, +1.3%)
BCI 5,997 -> 6,114 (+117, +2.0%)
BPI 3,785 -> 3,809 (+24, +0.6%)
BSI 3,276 -> 3,303 (+27, +0.8%)
BHSI 1,878 -> 1,881 (+3, +0.2%)

23/8/21


KML889
647 posts

Posted by KML889 > Aug 23, 2021 9:15 PM | Report Abuse

Hello Mr Moon99, 1st of all ships and any other carriers are bulky tangible assets by numbers. If you own 1 ship means 1 and you simply cannot rev up your production machines to produce 2 vessels overnight. Right. Unlike the gloves segments which they could simply adjust production needs based on economics scheduling to meet super normal demands during this pandemics. Try and ask MBC to give you 250 ships tomorrow if you can with Time charter or Bareboat charter to build economic moat


ToTheMoon99
11 posts

Posted by ToTheMoon99 > Aug 24, 2021 12:11 AM | Report Abuse

Thanks for explaining the economic moat about the bulk carrier industry. And I think you yourself already said it -- Supernormal demands. That's what I'm trying to highlight. It's not about how fast the company is aggressively expanding its production (and I do understand the shipping industry is cyclical, so no point expanding so quickly), but it's about the one-time supernormal profits that they will be generating in the next 1-2 years. Unfortunately, there's no follow-through interest in this counter, but I hope that there will be, once MBC can show even impressive earnings in the next few quarters. Just like how no one cared about FPI back then.


KML889
647 posts

Posted by KML889 > Aug 24, 2021 8:50 AM | Report Abuse

Well said and after all we do hope if at all the spill over effect of High Tide will Lift All Ships especially small player like MBC


sharonchong
222 posts

Posted by sharonchong > Aug 24, 2021 8:58 AM | Report Abuse

Maintain short term target 0.90...


sharonchong
222 posts

Posted by sharonchong > Aug 24, 2021 9:25 AM | Report Abuse

When a thing that worths 0.90 but sold at 0.60-0.70 we know what to do la..


KML889
647 posts

Posted by KML889 > Aug 24, 2021 9:37 AM | Report Abuse

It's Make or Break scenario. Imagine if this super normal events can't lift MBC ships (price), i really don't know what will. Echoing 9963 catchphrase, Good Luck !!!


sharonchong
222 posts

Posted by sharonchong > Aug 24, 2021 9:52 AM | Report Abuse

I'm not sure about you guys la, but the potential 100M+ net profit for the coming two quarters (of course with one offs) sounds good to me.. especially when Maybulk share price didn't really move compared to overseas dry bulk companies that went up more than 1000%.. anyway it's your choice..


KML889
647 posts

Posted by KML889 > Aug 24, 2021 11:12 AM | Report Abuse

The relentless dumping must be from the BPMB remaining 5%. Seriously....watch also zien


pingdan
1548 posts

Posted by pingdan > Aug 24, 2021 1:11 PM | Report Abuse

I see how much he can block.. now the other index share is back. If the bull continue, next will be mid cap like maybulk start to move. Hence everytime this fellow shark push down the share price, i will topup this share. As BDI getting higher day by day, the risk to invest this share getting lower


sharonchong
222 posts

Posted by sharonchong > Aug 24, 2021 3:01 PM | Report Abuse

Totally agree..

Short-term tp 0.90-1.00
Medium-term tp 1.50-1.80

Accumulate when you still have chance.


sharonchong
222 posts

Posted by sharonchong > Aug 24, 2021 8:12 PM | Report Abuse

Break new high again!

BDI 4,147 -> 4,201 (+54, +1.3%)
BCI 6,114 -> 6,206 (+92, +1.5%)
BPI 3,809 -> 3,846 (+37, +1.0%)
BSI 3,303 -> 3,343 (+40, +1.2%)
BHSI 1,881 -> 1,888 (+7, +0.4%)

Are you ready to fly with me?


Activestream
494 posts

Posted by Activestream > Aug 25, 2021 8:36 AM | Report Abuse

sharonchong Break new high again!

BDI 4,147 -> 4,201 (+54, +1.3%)
BCI 6,114 -> 6,206 (+92, +1.5%)
BPI 3,809 -> 3,846 (+37, +1.0%)
BSI 3,303 -> 3,343 (+40, +1.2%)
BHSI 1,881 -> 1,888 (+7, +0.4%)

Are you ready to fly with me?

I'm still here but today usually is profit taking day on wednesday hopefull is not our maybulk among them !!!


Activestream
494 posts

Posted by Activestream > Aug 25, 2021 9:30 AM | Report Abuse

Maybulk steady at 70 cents level should be good for a start towards up.


sharonchong
222 posts

Posted by sharonchong > Aug 25, 2021 1:51 PM | Report Abuse

Many dry bulk companies up 4-10% yesterday night (US and Europe) and today (Asia), Maybulk is still discounting for Malaysian investors... Grab the opportunity to slowly accumulate...


KML889
647 posts

Posted by KML889 > Aug 25, 2021 3:20 PM | Report Abuse

Haha


Bgt 9963
7434 posts

Posted by Bgt 9963 > Aug 25, 2021 3:51 PM |

Post removed. Why?


KML889
647 posts

Posted by KML889 > Aug 25, 2021 4:58 PM | Report Abuse

Poor MBC, no matter how you cook also unable to budge. Apa lagi lu mau.....


KML889
647 posts

Posted by KML889 > Aug 25, 2021 5:01 PM | Report Abuse

Promoter kena work even harder. Haha


princehero
537 posts

Posted by princehero > Aug 25, 2021 7:02 PM | Report Abuse

It means maybulk overvalued at rm 0.80 plus previously … Just imagine BDI kept surging until all time high for past decade n bursa index at 2 month high currently.. If not, the fund oredi push it below rm0.60’..


ming
1916 posts

Posted by ming > Aug 26, 2021 1:40 AM | Report Abuse

Same like plantation and energy sector..


wallstreetrookie
5883 posts

Posted by wallstreetrookie > Aug 26, 2021 5:43 AM | Report Abuse

Malaysian Bulk Carriers Berhad Maintain Neutral

With record high (11-year high) Baltic Dry Index and historical demand for commodities (iron and coal), Malaysian Bulk Carriers is expected to have another quarter of solid revenue and hopefully a turnaround opportunities. Wider dry bulk trade is expected to rise 4.2% year-on-year in 2021 and by 1.7% in 2022. Fleet growth is likely to lag behind the increase in cargoes, with capacity expanding by 3.3% this year, and 1.4% growth next, the Clarkson data show. - Bloomberg

Unfortunately, we believe that the slowdown in grain trade and the previous impairment losses coupled with the recent disposal of vessels in the company's fleet could exert a negative impact on the next earnings. Therefore, we are primarily concerned that the company might not be able to capitalise on the current bullish trend of dry bulk costs.

Despite that, we are cautiously optimistic about Maybulk as a result of its shaky financials and decreasing liquidation value. Decreasing liquidation value over a long period of time (more than 6 consecutive quarters) is usually an ill omen regarding a company's future state and shareholder's returns.

No price targets.


wallstreetrookie
5883 posts

Posted by wallstreetrookie > Aug 26, 2021 5:51 AM | Report Abuse

I know @pingdan you are a very experienced investor looking at your post history. You discovered Supermax in 2015 and big tech companies in 2016. So no more price targets from me. I believe you could be right in the long term but not in the short term.


pingdan
1548 posts

Posted by pingdan > Aug 26, 2021 10:10 AM | Report Abuse

hey wallstreetrookie, why u keep on said that there will be impairment? U really know what is impairment or not?

Indications of impairment [IAS 36.12]
External sources:

a) market value declines
b) negative changes in technology, markets, economy, or laws
c) increases in market interest rates
d) net assets of the company higher than market capitalisation
Internal sources:
a) obsolescence or physical damage
b) asset is idle, part of a restructuring or held for disposal
c) worse economic performance than expected
d) for investments in subsidiaries, joint ventures or associates, the carrying amount is higher than the carrying amount of the investee's assets, or a dividend exceeds the total comprehensive income of the investee

These lists are not intended to be exhaustive. [IAS 36.13] Further, an indication that an asset may be impaired may indicate that the asset's useful life, depreciation method, or residual value may need to be reviewed and adjusted. [IAS 36.17]

Determining recoverable amount
a) If fair value less costs of disposal or value in use is more than carrying amount, it is not necessary to calculate the other amount. The asset is not impaired. [IAS 36.19]
b) If fair value less costs of disposal cannot be determined, then recoverable amount is value in use. [IAS 36.20]
c) For assets to be disposed of, recoverable amount is fair value less costs of disposal. [IAS 36.21]

Fair value less costs of disposal
a) Fair value is determined in accordance with IFRS 13 Fair Value Measurement
b) Costs of disposal are the direct added costs only (not existing costs or overhead). [IAS 36.28]


sharonchong
222 posts

Posted by sharonchong > Aug 26, 2021 10:12 AM | Report Abuse

Ship price increased 75% if to compared with year 2020..


sharonchong
222 posts

Posted by sharonchong > Aug 26, 2021 10:14 AM | Report Abuse

If your BMW was 350K last year, the buyers now want to buy from you >600K this year..


pingdan
1548 posts

Posted by pingdan > Aug 26, 2021 10:17 AM | Report Abuse

Question now is any indicator of impairment incurred? Answer is no. If there is no indicator of impairment, why impairment will incurred? As per info from management on quarter report, Supramax is at near to historical new high and all of the ship are earning money. Why there wil be impairment incurred?

You really understand impairment or not? Or u blindly believe on the research from IB? Most of the IB do not know what is accounting standard. Hence u cannot rely their report to let u know whether this company can invest or not. You must do your own homework.

Do you know what is BDi? U don't know
Do you know what is Maybulk doing? U don't know
Do you know why impairment incurred? U don't know
Do you do your homework on Maybulk? I don't think so. U totally dun understand what we talking about. U keep on talking about impairment but u even know what is impairment. Why impairment incurred. Then how u comment on this?

Still come out with the ridiculous TP RM0.08 lol


Simon_khoo
674 posts

Posted by Simon_khoo > Aug 26, 2021 1:35 PM | Report Abuse

It’s the matter of time maybulk hit rm1.0 (my 2c opinions) when the bull sprints!


Simon_khoo
674 posts

Posted by Simon_khoo > Aug 26, 2021 1:37 PM | Report Abuse

I remembered last year when gold price shot up, most of the gold related counters LU, that’s Msia


Simon_khoo
674 posts

Posted by Simon_khoo > Aug 26, 2021 1:37 PM | Report Abuse

BDI today actually warrant a LU for carrier / shipping stocks…


Simon_khoo
674 posts

Posted by Simon_khoo > Aug 26, 2021 1:38 PM | Report Abuse

Started buying @ 70c


Simon_khoo
674 posts

Posted by Simon_khoo > Aug 26, 2021 1:43 PM | Report Abuse

https://m.malaysiastock.biz/Blog/BlogArticle.aspx?tid=24735


Simon_khoo
674 posts

Posted by Simon_khoo > Aug 26, 2021 1:43 PM | Report Abuse

Worth reading article


Simon_khoo
674 posts

Posted by Simon_khoo > Aug 26, 2021 2:14 PM | Report Abuse

Look at the volume traded last 10 days is the indication it’s coming …


pingdan
1548 posts

Posted by pingdan > Aug 26, 2021 3:19 PM | Report Abuse

seem like this operator will create another chance to topup again


Markv572421
1646 posts

Posted by Markv572421 > Aug 26, 2021 3:29 PM | Report Abuse

Nothing new.


Simon_khoo
674 posts

Posted by Simon_khoo > Aug 26, 2021 3:35 PM | Report Abuse

We can’t deny the fact that BDI determined the direction of the share price ….


pingdan
1548 posts

Posted by pingdan > Aug 26, 2021 4:06 PM | Report Abuse

Boring operator... only know how to earn small money.


Markv572421
1646 posts

Posted by Markv572421 > Aug 26, 2021 4:12 PM | Report Abuse

Ya true, i feel the operator quite boring as well.


Markv572421
1646 posts

Posted by Markv572421 > Aug 26, 2021 4:23 PM | Report Abuse

Operator wanna close at 0.685 - 0.69 .....wait drop back to 0.50 then only buy


pingdan
1548 posts

Posted by pingdan > Aug 26, 2021 4:29 PM | Report Abuse

nvm i got time wait.. if discount i will add..


Markv572421
1646 posts

Posted by Markv572421 > Aug 26, 2021 4:36 PM | Report Abuse

Wow suddenly buy volume coming in.


Markv572421
1646 posts

Posted by Markv572421 > Aug 26, 2021 4:38 PM | Report Abuse

No discount laa i think if like this ....


Markv572421
1646 posts

Posted by Markv572421 > Aug 26, 2021 4:40 PM | Report Abuse

See this operator really kick


Markv572421
1646 posts

Posted by Markv572421 > Aug 27, 2021 1:43 PM | Report Abuse

just top up


KML889
647 posts

Posted by KML889 > Aug 27, 2021 9:34 PM | Report Abuse

What a huge disconnect with rising BDI. Another 40 points up.


KML889
647 posts

Posted by KML889 > Aug 27, 2021 9:36 PM | Report Abuse

Will she ever going to wake up..


Markv572421
1646 posts

Posted by Markv572421 > Aug 28, 2021 6:33 AM | Report Abuse

just top up

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