oil price & prospects still in tact, tempting to top up more but unable to get some fund now. will see how if price drops further

bought back a few at 1.18, thank you whoever you are still willing to sell cheap to me today morning ^_^

thank you @SCM2023

so I suppose container freight rate has more real direct influence to this company's profitability? just like HARBOUR?

any comparison between HARBOUR and this company? I am currently holding HARBOUR, would consider diverse a bit of my holding to this company as they got very similar fundamental. just not sure about their business similarities or differences

take a few profit at 2.85, still got a few left, needed the cash, thank you whoever you are willing to buy from higher bid today

can someone please enlighten me about bdi? the lower baltic index the better here for this counter's profitability? I am a little confused here

tempted to hold till QR release to see the result this round. unless price goes to another level of new height again

this counter has very recent history of quick recover from sudden lesser volume discount (refer to 10 January)

bought back a few at average cost of 0.9625, missed the 4 sen dividend but got myself 4.75 sen instant rebate instead ^_^

sold a few at 1.21, I know too early to lock profit but need a few urgent cash to park back at suddenly discounted PENERGY. still got quite a lot shares here

yay technical finally in tandem with fundamental @fruitcake cheers🥂 hopefully can fly faster now

company got very good retained profits

main problem just liquidity, if next QR performs again sure price can go gap up again. our hope now is next QR or got surprise privatization offer

so far for me myself I don't see urgency here la (no catalyst) especially I got other more potential counters to park my capital

but it is hard to say also wor can got ppl goreng also anytime without catalyst, that's why I hope wait me come back only haha

but if you got no better place park your money and you like here it is up to u to hold, at least it's fundamental still seems just nice la. need to monitor close for it's news and wait for next QR see how lo

just my little opinion ya~ no buy or sell calls I usually just comment my own buy / sell in i3 for my own records purpose ja tu, need to use them for my own future study for my pass decisions

hope can wait I got extra cash to come back here 1st lo haha

owner(s) siok2 offload stocks that might not even worth Rm1 from RM22 to near RM30, really real life goldfinger Ching, what a real life case study here

just watched goldfinger yesterday btw, but has been well understand the theory behind since long ago
just now scrolled fb saw someone posted about this counter only come here to see how's thing going on

@icecool bottom? every stock can goes below NTA down to the net cash value of the company, provided the company doesn't have tendency for further losses

why? NTA is my answer

just had a glance over some other not so fundamentally attractive steel counters, it seems steel play is very long due, especially after moratorium announcement true rally still no start

hi guys, can tell me what this Baltic Dry Index has to do here? I just searched the chart and it seems to be at the level of all time low?

is it baltic dry index more towards grounding logistic while freight rate more to port / sea operation and has more impact on counter like HARBOUR?

please correct me if I am wrong, thank you

bought back at 0.420 today after made good profit at PENERGY, glad to be able to switch back here before it's outbreak

sold all again at 1.05, parked my capital back to PRESTAR at price 1 bid lower than I last sold to switch here.

reason - personally don't want to be too greedy here and I always keen to reenter PRESTAR which is also due for an outbreak

seem like volume stacking at 1.05 this level and I got feeling that retailers are the one than entering this time.

I initially set my sell order at 1.15 but gave up after seeing volume and resistance building up

gd luck to you all who stay, definitely will consider coming back for 3rd round if given another opportunity as well

market very good outside but few of my capital cash stucked here, this time really got caught with low liquidity counter

haiz, until now seller still too easily give in with price, to be honest I wish I can transfer my capital from here to park else where as well, but buy queue is too unreasonable just after a QR not making profit

sorry off topic here a while
@5254_ since I see you also interested with politic, just want to share with you a nice video, clear explanation of current political state / dubai move issue https://www.youtube.com/watch?v=mqdVL_tvf9o , you can watch only last part of for dubai issue

@5354_ yes haha very hard playing this catching game luckily still didn't miss this one>

I don't think this counter today's up has to do with political play la btw, most likely due to the good news I just posted anyway. DAYANG up even more btw, so is probably a o&g field play

anyway still lagging behind DAYANG, chase up a bit more la, this counter good partner with PETRONAS kan? I just saw an employee wearing a tshirt with PENERGY and PETRONAS logo side by side very recently

https://www.klsescreener.com/v2/news/view/1260301

delayed response to YTD good news, bursa Malaysia really good place give investors very enough time to collect before fly

@ryan_och any fundamental reason for you to say so?

@fruitcake cheers🥂

I still waiting opportunity to come back to this counter for another good run loh! hope someone SURIA will welcome me back with open arm someday after I grew up my cash capital somewhere else now, where there are plenty of present opportunities

quote:

" Posted by SincereStock > 2023-08-30 09:00 | Report Abuse

cut queue sold all with profit at RM1.20 today morning open price

B3. Prospects
Shipping and Marine Services Division
Harbour-Link container shipping activities are facing stiff competition with main liner operators
who have deployed large tonnages into Intra-Asia and East Malaysian markets. Container
freight rates have been eroded drastically since December 2022 to the present level. We expect
the freight rates shall remain until the year end.
Domestic trade within Malaysia is also facing headwinds in freight rates and lower cargo
volume.
However, our tugs and barges operations and shipping agencies services are still consistent and
stable and we able to generate stable revenues.
Overall, based on the above, our shipping and marine services division shall be expecting lower
revenue and profit for the next financial year."

last time sold at Rm1.20 when freight rate / prospects went worst

bought back recently with average cost of 1.12 when freight rate / prospect is much better

@fruitcake this is how I trade with fundamental indicators, no technical indicators required

@katara right thing to do, will buy as much if I got the fund too

why stay so far behind DAYANG o

mahu top up also susah already now even if got cash, lesser profit margin and slight farer from bottom already, don't know if technical buy signal already triggered at this point @fruitcake

gogo catch up with mcehldg again

@Akifuyu NTA is a very good reference to the company instrinsic value, you can make comparison with current fundamental / market sentiment with pass price chart records

@speakup I know, I am not query for validity of the statement, instead I am stating that it doesn't matter much whether the statement is true or not, kindly read my explanation above, thank you

sometime investors looked too much into the future and forget about the current undervalue state of the company's price

I am not saying that the company will revisit RM6 price (not imposible though but still hard), but only stating it's supposed intrinsic value if the company can remain profitability let's say average of at least 8 EPS per QR and slight improve in dividend to at least 6% above

@speakup I am not sure about the limited growth statement. regardless, I see price now is undervalue even without any further growth potential, maintaining it's business profitability at it's max capacity already can make it's price worth at least it's NTA at above RM6, which the company market price has been many years ago. This is not even considered that the company is now at much much better financial state compare to when the share price at Rm6 above during 2014.

special dividend can also be anticipated following few good QR with the company's current financial state

of course red sea crisis and high freight rate cannot be permanent, but just another few good EPS QR is enough to boost the company NTA especially in the form of net cash, refer to how the company NTA boosted in the last few years, no kidding, NTA is doubled in just few years. such retained profit will have permanent effect on the company's bottom price, net cash prevented it to back to old low, unless investors went mad simply ignoring the net cash. another 30sec EPS can boost the company's NTA further up to like RM2.3, you say how RM1.17 now is not cheap? how the market price will grow in corresponse to NTA grow?

this is how fundamental play important part in this situation. there are so many logistic counters out there in bursa. but think why I choose HARBOUR but not other company in this round of red sea / freight rate play?

@drakoryn you can refer to pass records of superbs HARBOUR QRs during when global freight rate is high few years ago. also refer to the company QR prospects review how freight rate affecting the company's profitability

just finished the above comment and RM1.17 sold out lmao

rally not even started yet, already bagged 4% profit margin hehe, nothing to lose

don't know if tomorrow morning still can get RM1.17 or below ya

https://www.ndtvprofit.com/economy-finance/red-sea-crisis-freight-costs-jumped-over-sixfold-for-indian-firms-says-fieo-ceo

https://www.drewry.co.uk/supply-chain-advisors/supply-chain-expertise/world-container-index-assessed-by-drewry

you don't need a fortune teller to tell you what going to happen next, just a little common sense is enough to tell

but of course, in some situation of good fundamental companies, when there is lack of catalyst, we still need to wait blindly, but it sure worth the wait especially at bottom price while it is safe. just mix and match your portfolio, safeness come first

what you need is fundamental analysis of a company, and play mind game to investors reactions towards fundamental indicators. for example, if a company's fundamental is actually bad, a recent good news can only provide chance for stucked investors to escape, not opportunity for new comers. that's why you don't enter all counters that has just had good news or one off "other income" good QR.

with that, and you can throw technical stuffs away already

investors surely doesn't wait years to react to news, change in prospect, change in commodities price, recent QR releases