KSL price is too ridiculously cheap. I hope boss will just REIT their investment properties, then price should at least double.

Whoever wanna sell, pls sell faster. Yawn...

MNRB should rise above RM3 if it's to priced similarly with Allianz, LPI or Syarikat Takaful. Overpriced? What a joke.

Somebody is so keen to sell out. Sell everything faster. Yawn...

KSL boss should just spin off its property investment segment as REIT. Profits from property investment is at least RM100m. Savings from tax exemption of REIT can be up to RM30m. Ascribe a PER of 12x to its RM130m profit, market cap of the REIT can easily be RM1.56b, more than its current market cap. If boss does this corporate exercise, share price could easily double.

Yummy results :)

Thanks to all who are selling. Boss keeps buying

Chance to buy now. Ringgit is almost all time low. Any ringgit rise will benefit Teoseng.

Good that small players are selling to big sharks. Soon there won't be anything left to sell before the next big upleg.

This should be worth at least RM3 if compared to Allianz or Syarikat Takaful, vastly undervalued.

Hahaha. They're probably the worst syndicates around

This stock cannot be timed. The boss has no intentions of unlocking and rewarding shareholders, there are no outsiders ready to launch a hostile takeover, boss is not interested to take it private or don't know when...Anybody who wants to make a profit from this will have to wait forever. Value trap due to boss who's only interested to keep his own share price as low as possible.

Too cheap. If Carl Icahn is here, he'll probably just launch a hostile takeover on KSL and immediately bring in ROI of 200%

https://theedgemalaysia.com/node/697238

Fake block at 1.34-1.35

Time to vroom vroom...

edcheong, what do you think? which one makes more sense?

Planned rate increases to the West Coast and to other lanes not directly impacted by Red Sea diversions like the transatlantic – which are set to increase sharply in February to at least $5k/FEU from their current level of just $1,240/FEU – may reflect that capacity is tightening across the market as more vessels are activated on the ex-Asia lanes. They may also show that longer transit times and possible schedule disruptions on those lanes could lead to some port congestion at import hubs and to empty container shortages which likewise could be felt even beyond Red Sea services.

Demand is likely increasing as shippers try both to ship further in advance to accommodate longer transit times and to get orders out of China before manufacturing slows down over the Lunar New Year holiday that starts February 10th. So the next couple weeks will likely be the worst in terms of capacity shortages and possible congestion. As demand eases in late January, the industry may have a reprieve to recover schedules, and with a typical lull in volumes following Lunar New Year, freight rates may start to ease in late February – but should remain higher than usual until container traffic returns in full to the Red Sea.

But even if rates do climb to the $6k- $8k/FEU range, these would be well below the $15k/FEU level seen for Europe and Mediterranean rates and the $22k/FEU level for N. America East Coast containers caused by the extreme surge in volumes and port congestion during the pandemic.

Elevated freight rates are leading to expectations that carrier profitability will improve in 2024. Investment bank Jeffries raised its container carrier outlook for 2024 given the change in rate conditions and the possibility that they will lead to higher floor even as conditions stabilize.

Carrier stocks are reflecting these expectations and reacting to any signs that Red Sea traffic might recover, too: ZIM Lines, which is heavily exposed to the spot market, saw its stock jump 60% in December as widespread diversions began, fell double digits when Maersk announced they’d return to the Suez, and then rebounded when Maersk suspended Red Sea service again.

Recent reports that some carriers are negotiating with the Houthis to secure safe passage for their vessels led carrier shares to drop Monday, though Maersk and Hapag-Lloyd denied they were in talks with the Houthis.

Longer ocean transits are expected to push some volumes to air cargo. Through last week, Freightos Air Index rates for Asia - N. America were level and N. Europe continued their decline that began in mid-December, and would be typical for the weeks just post-peak season.

Daily rates for China - N. Europe on Monday, however, climbed to $4.11/kg, up 38% compared to the end of the year and possibly reflecting the start of an increase in demand caused by the Red Seas disruptions.

Best,

Judah Levine, Head of Research

The valuation is so so cheap that even boss might be tempted to privatise it. Hahaha

If declare dividend earlier, won't be that cheap la. Better accumulate before it announces dividends because once it announces it, share price will fly to the moon. Don't declare first, let us buy more.

drakoryn When the Asia-EU rates came down, it affected the performance of Harbour but when it goes back up, it has no effect on Harbour. Okie, make sense...

https://theedgemalaysia.com/node/696196 Investors still sleeping

EPF blocking again? Yawn....

https://www.freightos.com/red-sea-and-suez-canal-shipping-crisis-update/?utm_medium=email&_hsmi=288602754&_hsenc=p2ANqtz-_fv362DPp_Cw4LZaZyZVoXMflbjmI_5LDk1lrc5Ks7rW1xE5hcsRcvBmuO3ZNzeogiu3c2AqhNT1G9BlpCPRKsBY-ebQ&utm_content=288602754&utm_source=hs_automation

Should rebound soon

Just amazing that the Red Sea tensions that are driving up container freight rates are having zero effect on Harbour. The lagging and sleeping investment community of Malaysia is out of this world.

fcwong, if you wait until the issue is settled, share is already breaching new highs.

Malaysia's turn to resume once govt gives the green light? Haha

https://english.kyodonews.net/news/2023/12/18cc294c967f-daihatsu-resumes-auto-shipments-in-indonesia-amid-safety-scandal.html

Max2838, Toyota la dude. Not Daihatsu models.

Someone wants to collect CAB-WA and drive down mother share CAB 1 lot by 1 lot....yawn...

EPF blocking the way.

Look at the segment profit before tax in quarterly results notes, if add up all the profit before tax, should be RM49mil plus which was more than the previous quarter. Why the overall PBT was reported at RM38mil? What did I miss?

The last time crude oil was at this price, Hibiscus was at RM1.10. Hibiscus share price has to rise 17% just to catch up. Yawn....

Crazies still selling.

Crazies selling this stock in rising oil prices. Can't comprehend the foolishness of this.

In one year, cash more than market cap.

When the time comes for short covering, boom!

Flush out the 16mil short positions. Come on! Hahaha

Markets are so crazy nowadays. Oil rebounded 8-9% but Hibiscus share price remains at recent lows. Thanks sellers for throwing the shares. This level will be a springboard, the harder you press, the stronger it will bounce. Please continue to sell at these dirt cheap prices. Real crazies.

Please sell below RM1.00. I will really love it. Thank you.

https://klse.i3investor.com/web/blog/detail/newmoney/2023-03-09-story-h-296324930-Harbour_Link_Group_Bhd_Insane_Valuation_Estimated_ex_cash_PE_of_0_8x_Ne

fruitcake, your statement on prospects is wrong again. there are plenty of companies writing negative prospects in their quarterly reports. Way too many. Read more before commenting

fruitcake, have you seen their historical style of writing their prospects? Shallow

fruitcake, read the prospects in its latest quarterly report?

Who's selling peanuts here? Purposely press down price. Syok sendiri ke?

It's ridiculous that price can be trading this low.

Who's ridiculously pressing down the share price selling lot by lot?

Harbour price is a cruel joke. Net cash of more than RM300mil (66% of market cap), PE less than 3x, PB 0.7x. Compare this to Syscorp PB 0.87x, PE more than 5x and net cash 140mil (14% of market cap). Harbour has to rise more than 25% just to catch up. What a joke.

Who is placing algo to run down Hibiscus share price? Each buy up is immediately followed by sell down.