Sector: Logistic and Transportation

Analysed on 15/08/21

Benefited from the strong Baltic Dry Index recently, MAYBULK has been performing well recently. MAYBULK is currently trading at RM0.710, with the immediate resistance at RM0.715, and immediate support at RM0.670. Should the resistance at RM0.715 is broken, MAYBULK will challenge the next resistance at RM0.765. Both EMA25 and EMA50 begin to slope upwards suggest that it could be the beginning of uptrend for MAYBULK after a series of correction since early of July.

Going through the Quarter Report released on Friday, MAYBULK has reported an improvement on operating profit due to the increase in charter rates and the redelivery of 2 loss-making chartered-in vessels. It is also reported that the dry bulk market is expected to remain strong through the 3rd quarter, which we believe that this will continue to benefit MAYBULK in short to mid-term. As MAYBULK share price is highly dependent on the Baltic Dry Index, investor who is interest in this counter should always pay attention to the development of Baltic Dry Index.

Reason to Monitor: Strong rally of Baltic Dry Index/ Improved QR

In case you’ve missed it, we have introduced our Volume 2 E-book which covers introduction and key financial highlights of semiconductor sector companies. If you would like to get a copy, just whatsapp us at http://mywa.link/fnufmzh9. Cheers.

--------------------------------------------------------
Follow our FB and telegram channel for more investing and trading analysis. Share it out to your friends and family!

 TELEGRAM ：https://t.me/nottinvest

 FB PAGE ：https://fb.com/NottInvest

--------------------------------------------------------

Cheers
NOTT INVEST 

Disclaimer: 

This content by NOTT INVEST, is in no way a solicitation or offer to buy or sell securities or investment advisory services. 

Readers should always seek the advice of an appropriately qualified professional and perform due diligence before making any investment decisions. 

We shall not be liable for any errors or inaccuracies, regardless of cause.