All the international dry bulk shippers in the US, Japan, South Korea, China, HK, Taiwan and Singapore are doing well at this time with huge profits. Let us see if the CEO of Maybulk is doing a good job or not?

@wallstreetrookie, there is definitely no more impairment. The market is short of ships. The price of existing ships has all gone up. Actually there should be write back of the previous impairments.

Most of the revenues of WTK is from logging. The income from oil palm sector is lesser.

I believe the reporting quarter should be doing well. Aluminium price has gone up for the last few months.

I believe the reporting quarter should be doing well. Aluminium price has gone up for the last few months.

Sarawakian government is killing the logging industry. The authority tightened logging rules and imposed high royalties until all the three listed companies, TaAnn, WTK and Jtiasa registered huge losses for their logging activities for the last 2 years.

Sarawakian government is killing the logging industry. The authority tightened logging rules and imposed high royalties until all the three listed companies, TaAnn, WTK and Jtiasa registered huge losses for their logging activities for the last 2 years.

Sarawakian government is killing the logging industry. The authority tightened logging rules and imposed high royalties until all the three listed companies, TaAnn, WTK and Jtiasa registered huge losses for their logging activities for the last 2 years.

@Hunter, thanks for your explanation of the locations of CCKLocal.

@Hunter 70,

How is the business of CCKlocal KK & Kuching?

Container freight from Asia to Europe and the US are still at all time high. This phenomenon should continue at least until end of June.

Container freight from Asia to Europe and the US are still at all time high. This phenomenon should continue at least until end of June.

Calvin, the logs extraction in 2020 (164,016 cubic meter) is very much lower than the extraction in 2019 (473,000 cubic meter). Do you know what is the reason behind?

Calvin, you mentioned that WTK did an impairment on logs in Q3. What was the impairment for? Was it for logs being rotten, theft or some other reason?

DK please add me.

Bank Pembangunan has been a major shareholder of Maybulk for many years. They are making a wrong decision to sell their holdings now as dry bulk shipping has just started to turn upwards after so many years in the doldrums.

Dry Bulk freight rate is rising fast.

https://ctee.com.tw/news/industry/401803.html

散裝船運市場 淡季旺到翻

Bank Pembangunan Malaysia Berhad keeps selling. They are selling when the industry is turning upwards.

@Pek79, Thanks!

@Hew Kiong.
Where did you get the BDI's quote at 1849? I checked Bloomberg and it showed 1761.

Maybulk and Harbour-Link are two respectable shipping companies in Malaysia.

Maybulk and Harbour-Link are two respectable shipping companies in Malaysia.

World shipping companies' share prices continue to rise this morning.

World shipping companies' share prices continue to rise this morning.

World container shipping and dry bulk shipping companies' share prices are rising.

Yesterday the shipping companies' share prices in Hong Kong, Taiwan and the other markets went up a lot. Cosco, Wan Hai, Yang Ming and Evergreen went up between 3% to 10%.

Yesterday the shipping companies' share prices in Hong Kong, Taiwan and the other markets went up a lot. Cosco, Wan Hai, Yang Ming and Evergreen went up between 3% to 10%.

World container shipping and dry bulk shipping company share prices rise.

@Luckybull, serving many ports in China and Malaysia.

For Q3 ending in Sept, the company was making RM9.34mil or 2.34 sen per share. This quarter, Q4 is going to be much higher.

Harbour Link is benefitting from the container sea freight drastic hike in China. The sea fright has gone up between 300% to 400%.

Hope that the major shareholder will privatise the company.

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E5%B8%82%E5%9C%BA%E4%B8%A5%E9%87%8D%E4%BD%8E%E4%BC%B0-%E6%98%9F%E6%8A%A5%E5%AA%92%E4%BD%93%E6%88%96%E9%81%AD%E7%A7%81%E6%9C%89%E5%8C%96

The share price is deeply undervalued. The current market capitalisation is very much below the cash in hand. The share price is 34 sen as compared to cash in hand per share at 50.9 sen as at 11/9/20.


https://www.theedgemarkets.com/article/cgscimb-are-stars-aligned-priva...

As long as Supermax and Topglov are moving up, Rubberex will follow suit.

As long as Supermax and Topglov are moving up, Comfort will follow suit.

Profit has gone up multiple times. No wonder IBs are bullish.

If cost for the glove manufacturer was RM10 per box (100pcs.)

In Feb 2020 If ex-factory price RM12 Profit is RM2 per box
In Jun 2020 If ex-factory price RM21 Profit is RM11 per box

Profit has gone up 5,5times or 550%.

@ holidaywindy

Profit has gone up multiple times. No wonder IBs are bullish.

If cost for the glove manufacturer was RM10 per box (100pcs.)

In Feb 2020 If ex-factory price RM12 Profit is RM2 per box
In Jun 2020 If ex-factory price RM21 Profit is RM11 per box

Profit has gone up 5,5times or 550%.

@holidaywindy, you got the price from a pharmacy outlet?


Holidaywindy : You guys are so active. Anyone has actually study the examination glove selling price? I just checked from the seller. Before covid19 it was RM10-16(a box with wry of100 PCs) Feb-March RM16. End March-mid Apr RM19. 3rd week of Apr RM25-27. Starting June it’s RM36-38.

Q1 (Feb, Mar, Apr) results will be good. Q2 (May, Jun, July) results will be even better. According to those working in the industry, the glove price has gone up by more than 50%. Imagine what will the profits be? It definitely will increase by at least 200% or 300% in Q1 and even higher in Q2.

Comfort quarter report will be good. It covers Feb, Mar and April. Sales and price of gloves have gone up in these 3 months.

Danny Tan sold some personal assets and inject them into Tropicana.

No wonder the price can not move for a few years aldy.

TOD project, Nexus Taman Permata in Cheras will be launched soon.

CPO traded at RM3,027 for March delivery this morning. Good news for MKH.

@yongch

May I know how much dividends have YTLCement shareholders received after the delisting? Was there any Rights or Bonus issues?

In fact, KSL can afford to pay dividends even at this period. The company currently has RM340mil in cash. The company just needs RM51.9mil to pay 5sen dividend or RM83.0mil to pay 8 sen dividend. It is really not logical for the company not to pay any dividends when the company is making RM235.4mil after-tax profit for the last 12 months.

I stayed in KSL Hotel a few times. Their breakfast is superb. A lot of varieties.

KSL bosses has to pay income tax of 30% for the directors fees as their income are more than RM2mil per year. If they receive the payment through dividends, the dividends are only subjected to 24% corporate tax. It is advisable for KSL to start paying dividends again and let KSL becomes an attractive counter for the investors again.

Hopefully, KSL will declare dividend before Chinese New Year.

KSL has cash balance of RM340mil as at 30/9/2019. If KSL declares dividend of 3 sen per share, the dividend distribution will be RM31mil. KSL will still has a balance of RM309mil cash after the payout.