Highlights
KLSE: MAYBULK (5077)       MALAYSIAN BULK CARRIERS BHD MAIN : Transportation&Logistics
Last Price Today's Change   Day's Range   Trading Volume
0.725   0.00 (0.00%)  0.71 - 0.73  8,148,900
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Overview

Market Cap: 725 Million
NOSH: 1,000 Million
Avg Volume (4 weeks):12,286,661
4 Weeks Range:0.58 - 0.735
4 Weeks Price Volatility (%):
93.55%
52 Weeks Range:0.34 - 0.855
52 Weeks Price Volatility (%):
74.76%
Average Price Target: 0.73
Price Target Upside/Downside: +0.005
Stamp duty exempted for year 2021

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2021 [#1]  |  19-May-2021
Next QR | Est. Ann. Date: 30-Jun-2021  |  25-Aug-2021
T4Q P/E | EY: -13.57  |  -7.37%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.2954  |  2.45
T4Q NP Margin | ROE: -31.37%  |  -18.09%

Headlines

Date Subject
18-Jun-2021 Stocks on Radar - Malaysian Bulk Carriers (5077)
12-Jun-2021 Why Maybulk? ASP have been increased by almost 100%
22-May-2021 实战案例: 散户运用"锚定效应"在大马散装货运身上容易出现的盲点(下讲/案例: [MAYBULK,5077]) - 陈剑
20-May-2021 Mplus Market Pulse - 20 May 2021
12-May-2021 Daily technical highlights – (MAYBULK, HPMT)
11-May-2021 海运费飙升激励 大马散装货运涨翻天
08-May-2021 [转贴] [Video:浅谈MALAYSIAN BULK CARRIERS BHD, MAYBULK, 5077] - James的股票投资James Share Investing
04-May-2021 Stocks on Radar - Malaysian Bulk Carriers (5077)
22-Apr-2021 Technical View - Malaysian Bulk Carriers Bhd
13-Apr-2021 MAYBULK (5077): A RELOOK ON THE DRY BULK INDUSTRY & PONDER ON MAYBULK
11-Apr-2021 [Humbled Investor] Recovery play: Maybulk!
11-Apr-2021 MAYBULK(5077)的 “神秘面纱”
30-Mar-2021 Trading Stocks - Malaysian Bulk Carriers
09-Mar-2021 Trading Stocks - Malaysian Bulk Carriers
23-Feb-2021 Daily technical highlights – (UCHITEC, MAYBULK)
16-Feb-2021 Stocks on Radar - Malaysian Bulk Carriers (5077)

Business Background

Malaysian Bulk Carriers Bhd is engaged in shipping and ports business. The company operates through various business segments that are Bulkers, Tankers, Ship Brokerage and Management, and Investment Holding and Others. The Bulkers segment generates maximum revenue for the company. The freight and charter hire also generates maximum revenue for the company.
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  8 people like this.
 
chief999 aiyo... drop to 70 cents pula... no energy ler... wan dollah also dont know got or not... huhu
16/06/2021 10:24 AM
sharonchong No worries.. @Chief99... even the strongest bull need a rest ma.. haha...
16/06/2021 7:00 PM
sharonchong Guys, see today's price index... Maybulk can be our best defensive fundamental counter for MCO 3.0...

BDI 3,025 -> 3,176 (+151, +5.0%)
BCI 3,695 -> 4,010 (+315, +8.5%)
BPI 3,407 -> 3,519 (+112, +3.3%)
BSI 2,667 -> 2,713 (+46, +1.7%)
16/06/2021 8:27 PM
Fabien _the efficient capital allocator Shipping is a high uncertainty industry as the rates are highly cyclical. You have to understand the basic dynamics first.

It takes 3-4 years to build a ship. When rates are high, companies rush to build ships. By the time the ships are build, all these ships get delivered at the same time and those rates collapse. Companies have no choice but to send their ships for scrap to earn some money. So the size of the fleet goes down at the time when the rates are low. And as the fleet size goes down it sets up the conditions for the rates to go up.

And then when the capacity goes down, and the rates goes up, you cannot bring in capacity as it takes 3 years to build the ship.

So the only thing that can happen is for the price to go exponential.

Now that prices are trending up. We also know that supply is limited as new ships would only arrive 3 years in the future. What about the demand side?

1) Global economies are in the midst of re-opening, on track for a V-shaped recovery
2) Unleash of pent-up demand to further boast for demand for commodities
3) Massive massive infrastructure stimulus by the economic powerhouse, China and US, further boost the demand for commodities. we are talking about more than 2 trillion of stimulus here by both countries

Limited supply coupled with explosive demand. What do you think is in play here?
16/06/2021 9:28 PM
sharonchong Well explain Fabien.. Good job!
16/06/2021 9:43 PM
chief999 Wah after listen to sharon and fabien, more encouraging words... Im smiling again...
16/06/2021 11:05 PM
deMusangking iq increased abit! haha
16/06/2021 11:20 PM
sharonchong Most US dry bulk shipping companies up strongly for the past 5 trading days despite Dow Jones going down.
17/06/2021 8:53 AM
chief999 aiyo, only a bit... still haven;t learned from u lor... u always shout wan dollah or more than wan dollah... need to hear from you the reasoning too... then iq can increase abit lor...
17/06/2021 8:54 AM
chief999 Seems divergence happening...

sharonchong Most US dry bulk shipping companies up strongly for the past 5 trading days despite Dow Jones going down.
17/06/2021 8:57 AM
chief999 good news...
17/06/2021 8:57 AM
sharonchong Yup chief999, divergence is evidence!
17/06/2021 9:05 AM
chief999 and today can finally see shipping gaining some strength in Malaysia... :)
17/06/2021 9:50 AM
chief999 where's my musangking? When wan dollah, i want buy a lot musangking to taste u... slurpy slurpy
17/06/2021 9:55 AM
sharonchong Guys, dry bulk companies in Asia too going up strong! Ini kali lah..
17/06/2021 10:40 AM
risekita8 At least there is a good sign
17/06/2021 10:41 AM
chief999 Hongkong only... malaysia still very slow... :(

sharonchong Guys, dry bulk companies in Asia too going up strong! Ini kali lah..
17/06/2021 10:58 AM
Booyeah supramax index all time high.
17/06/2021 10:59 AM
sharonchong Money from other sectors are pouring in due to MCO 3.0 and high Baltic index.. And Maybulk is lucky as it does not being affected by lock down, and it's also the only counter doing dry bulk shipping in Malaysia.. What if there's only one glove company in Malaysia during the pandemic... Can you imagine?
17/06/2021 11:14 AM
chief999 yes i understand the concept, however, money needs to start pouring in... volume now still a 7 mil, albeit slowly building up, need at least 50mil volume and above to convincingly take out previous high...
17/06/2021 11:38 AM
chief999 i guess, still need to depend on bdi to break new high... come on bdi...
17/06/2021 11:38 AM
deMusangking iq increased by 1 rung up the ladder!!!! haha
17/06/2021 11:40 AM
chief999 wah musang, this mco u really enjoy urself hah... sleep until now only appear... so envy you....
17/06/2021 11:51 AM
deMusangking talking to Wan Dollah mah!!! haha
17/06/2021 11:57 AM
chief999 so hows the talk with Wan Dollah? Can Too Dollah or not?
17/06/2021 12:02 PM
sharonchong @chief999, Undoubtedly volume will push the price up fast, but honestly speaking I rather that not to happen... but prefer it to go up slowly but steadily... Personally I feel very comfortable with 5-10 mil volume now as I'm looking for long term + big gain, not small profit.. So, I hope it won't attract too many to come in at once...
17/06/2021 12:09 PM
deMusangking yaloh! slowly slowly up.....balu syiok mah!!!! haha
17/06/2021 12:14 PM
chief999 ohh, sharon, nice thinking too... but in order for 85 cents to break, cannot ignore the earlier volume of 133mil.... need to get past that in order to slowly find a strong footing upwards... may I know what is the time frame you looking at? and when you said big gain, do you mean stopping at the earlier 1 to 1.2? anyway, been happy with the analysis so far... quite spot on...

sharonchong @chief999, Undoubtedly volume will push the price up fast, but honestly speaking I rather that not to happen... but prefer it to go up slowly but steadily... Personally I feel very comfortable with 5-10 mil volume now as I'm looking for long term + big gain, not small profit.. So, I hope it won't attract too many to come in at once...
17/06/2021 12:17 PM
chief999 ohh musang musang... you have a point too.. slowly enjoy the durian is an enjoyment... too fast finish also no good.... slurp slurp
17/06/2021 12:18 PM
sharonchong @chief999, I am talking about 100%-150% gain in 3 to 6 months time...
17/06/2021 12:28 PM
chief999 from this level?
17/06/2021 12:33 PM
chief999 i mean from 0.73?
17/06/2021 12:34 PM
batu88 @sharonchong
Compare to glove sector is not appropriate in Dry Bulk business. Malaysia is the top production in glove sector and also benefits of geographical indications. This is not the case for dry bulk business. As long as you got vessel, you can do the business.

But don't get me wrong, I'm still positive to dry bulk business and i hold some share of Maybulk.

Pros:
1. BDI is on uptrend now. If can sustain the current level of BDI, definitely will benefit Maybulk.
2. Maybulk vessel is quite new and average age of 5+ years. Operational cost should be remain
3. Demand vs Supply. Demand is remain strong for now and supply is remain low for at least for coming 2-3 years. A Stimulus Plan in US should keep the demand strong for raw materials.
4. Bank Pembangunan Malaysia Berhad should be no ticket left behind for Maybulk. Should not have big sell off for Maybulk.

Cons:
1. Maybulk only have 7 vessels for coming Q2 2021. Not sure is there a plan for Maybulk to buy more vessels in future. So far i did not heard any. If not, the profit will limited at 15mil-20mil max per quarter. It's good but not great.


From Sharochong:
Money from other sectors are pouring in due to MCO 3.0 and high Baltic index.. And Maybulk is lucky as it does not being affected by lock down, and it's also the only counter doing dry bulk shipping in Malaysia.. What if there's only one glove company in Malaysia during the pandemic... Can you imagine?
17/06/2021 2:35 PM
deMusangking meaning...... we will ......wet wet song song soon!!! haha
17/06/2021 2:50 PM
chief999 aiyo this Batu88, earlier ur analysis is the one getting us in... ur analysis already showed Q2 having 30mil PAT... now pula u go put 15mil PAT... mana boleh... TCE 12k already 15mil PAT now at least TCE already 20k very conservative... u still give 15mil PAT... aiyoyo... even musangking can detect good fruit or bad fruit....
17/06/2021 3:06 PM
batu88 @chief999 my Q2 estimation at PAT 30mil is before they release Q1 result. So have to adjust it accordingly with 7 vessels left in Q2 2021. TCE 20k is too optimistic in my view, im still using TCE 15-18k in my own forecast. Thus my estimation for next Q PAT should be around 20mil for Q2 2021. there are some limitation there if vessels remain 7. anyway, 20mil PAT is still good resul. 80mil annual PAT with current market value of 730mil, forward PE is still single digit.
17/06/2021 3:37 PM
waikeong179 20mil will not bring it back to earlier price stage...
17/06/2021 3:45 PM
chief999 yah 20mil is still good... but then again, cant u use Q1 data? 8 vessels already generating 46.6mil revenue? hmm.. 20kusd is already very conservative... this is already been achieved in end March... hence any ship going out in April onwards is already charging 20kUSD.... forget about May and June, coz time lag... this bulk bulk always give good headache to solve... but a surge of of BDI will not discount the surge in maybulk too... hope for the best
17/06/2021 3:46 PM
chief999 aiyoyo no ong lar... keep having many sellers at 73 and 725 and 720 too... hmm...
17/06/2021 3:47 PM
chief999 re: Musangking, why PE 3, gloves nobody wants... so strange...
17/06/2021 3:48 PM
okooi32 Have to wait until break over 0.735
Than will come back 80cents story..........
17/06/2021 5:18 PM
lionhead Q2 PROFIT 35M
17/06/2021 5:55 PM
sharonchong Baltic indexes continue to go up on Thursday 17/6

BDI 3,176 -> 3,267 (+91, +2.9%)
BCI 4,010 -> 4,212 (+202, +5.0%)
BPI 3,519 -> 3,558 (+39, +1.1%)
BSI 2,713 -> 2,754 (+41, +1.5%)
17/06/2021 8:17 PM
chief999 Wah, Sharon, bdi up again... :)
17/06/2021 8:33 PM
chief999 Lion, how do you arrive at 35M? mind to share?

lionhead Q2 PROFIT 35M
17/06/2021 8:33 PM
pingdan BDI record high since June 2010. (3,267)
17/06/2021 9:29 PM
sharonchong The Baltic Dry Index rose 2.9% to 3,267 on Thursday, its highest since June 2010 and extending gains for a seventh straight session, supported by prospects of robust demand and despite China’s efforts to limit rising commodity prices. The capesize, which tracks iron ore and coal cargos of 150,000-tonnes, surged 5% to a one-month high of 4,212; and the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and iron ore, advanced 1.1% to 3,558, a peak since June of 2010. Among smaller vessels, the supramax index rose 41 points to 2,754.
17/06/2021 9:31 PM
chief999 No kidding.. New high... Happy for musangking

pingdan BDI record high since June 2010. (3,267)
17/06/2021 9:37 PM
mokluhanj21 Guys, how are we feeling about Fed's tapering & China's crackdown on Copper and base metals?

I have a feeling that shipping's growth thesis may still hold.
17/06/2021 10:07 PM
chief999 Aiyo.. Big bulk shippers usually fetch iron ore coal and grains, multiple types of items... Not only base metals..
17/06/2021 11:13 PM


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