When I saw the company reported EPS 16.26 sen for the quarter ending June and EPS 10.71 sen for its previous, like all smart investors, I bought the share. I thought I can make a lot of money. I posted 2 articles namely Harbour Link has good profit growth and Harbour, Costal and SYS comparison to help my readers to make more money. Unfortunately, Harbour Link share price has been dropping continuously in the last few days. I Googled and I found this chart below:
Global container freight rate index from January 2019 to August 2022 (in U.S. dollars)
Since the Global freight rate is dropping continuously, all shipping companies including Harbour Link and SYS will report reduced profit in the next quarter ending September. That is why Hourbour-Link share is dropping. I sold all my shares.
Chart | Stock Name | Last | Change | Volume |
---|
Created by Koon Yew Yin | Jul 22, 2024
Recently one smart accountant pointed out to me that KP Property has millions of Redeemable Convertible Preference Shares (RCPS). This will affect its share price. I sold all my KPP shares to buy KSL.
Created by Koon Yew Yin | Jul 15, 2024
Currently Bahasa Melayu is taught in all Government sponsored schools. Bahasa Melayu is only good within Malaysia. All our overseas customers do not know Bahasa Melayu. I hope all our politicians...
Created by Koon Yew Yin | Jul 09, 2024
Created by Koon Yew Yin | Jun 28, 2024
This old man has some mental problem now.
He did not know that the freight rate above USD5,000 is very profitable for shipping service.
The present rate is still around USD6,000.
Before July 2020, the freight rate is below USD2,000.
His u-turn has caused many investors to lose money.
2022-09-19 11:52
problem is KYY has lost all credibility. when he screams buy now, nobody follows anymore.
2022-09-19 12:28
There is nothing wrong in Harbour's business. Normal ups and downs. It is not a downtrend in its business. I still think transportation and freight has a long way to go.
2022-09-19 13:40
KYY has no money now, hence he becomes a trader.
No more money to invest, all profit already lost in KLSE.
He has to sell land to raise his capital, all his capital also lost in steel stocks.
Sad to read his article and sad to know that he has lost all his profit.
2022-09-19 13:48
KYY lost all his capital in steel stocks? I wonder whose advice he followed? ^_^
Well, if he is reading this, don't beat yourself over this. There are many ppl in the same boat as you in the steel stock too. Do you ever wonder whose advise they followed?
2022-09-19 13:54
Hahahaha. And Sys and Harbour earnings run contrary to the global freight rate. How ironically funny
2022-09-19 15:29
Can call up putin n ask him to buck up in Ukraine? Things are not looking good for russia now
2022-09-20 03:45
SecretOne
Another bad "investment" by KYY. Seems to be the norm for him these days
2022-09-19 11:02