My Trading Adventure

Shipping : A leading or lagging indicators?

CP TEH
Publish date: Wed, 22 Aug 2018, 06:53 PM
CP TEH
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All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
Following Message


Selamat Hari Raya Haji ... we have a day off today from market.



Many have forgotten that ... a year ago ... HanJin collapsed. HanJin was the 8th largest shipping company in the world ...


Maybulk : This is RK's company ... trading nearing historical low.


MHB (parent is MISC) : at low too ... from RM8 to current below 70cents.


MISC : This is index-linked ... trading around RM6 now, peaked RM8.30 level. Went to RM5 recently before a sharp rebound.



Coastal : Peaked around RM5 ... during 2008 crisis was trading below 80cents, recovered and rallied during O&G theme play ... and today it is trading around RM1. Will you BUY DURING CRISIS? Shipping is in crisis now ... and is Coastal price is considered 'cheap'?

Go to : http://www.coastalcontracts.com/


SO ... there you are. Check on those shipping-related companies ... how they are doing and why? Think in the biz-sense ... why all in downtrending and struggling.

TEH
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SuperBest

tqs 4 sharing

2018-08-27 18:03

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