MIDF Sector Research
Maybulk - Cease Coverage
sectoranalyst
Publish date: Thu, 03 Aug 2017, 09:14 AM
- We are ceasing coverage due to a lack of institutional interest
- Our prior forecasts, valuations and recommendations should no longer be relied upon for investment decisions
Ceasing coverage. We are ceasing coverage on Maybulk due to a lack of institutional interest. We foresee few re-rating catalysts for the company due to a prolonged downturn in dry bulk shipping and offshore support vessel charter rates. Our prior forecasts, valuations and recommendations should no longer be relied upon for investment decisions. Our last recommendation for the stock was NEUTRAL with a TP of RM0.73.
Source: MIDF Research - 3 Aug 2017
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
firehawk
so yam gong ... institutional no interested? may be retailers interested, bcos it is cheap ....
2017-08-03 11:07