Its stake in Innoprise Plantation has delivered very strong results as well. TSH is a very value for money proxy to the Palm Oil counter. ROI is concern.

Besides, I suspect, some major acquisition might be in the pipeline already. TSH has not had any major corporate moves for a long time.

In my past experience in the last oil CPO boom, the months building up to it felt very frighteningly similar to this round. The stocks were very sluggish despite the rise in CPO.
1. But the last peak on CPO in 2016 Dec was 3200RM/Ton. We are positioning to cross the 3200 very soon.
2. Most of the other peaks 2008, 2011 all happens around Dec/Jan. Therefore, we should be prepared to hold for a breakout at the end of the year.
3. Given the current CPO prices and the current FFB production, TSH should record another record earnings for the next 2 quarters forward.
4. Retained earnings should be sufficient to declare another round of bonus issue. Why? Looking at the pairing down on borrowings lately, TSH has bigger plans to forgo the matured and maturing plantations sold to KLK. Currently, it is not the TOP 5 plantation stock in Malaysia yet. So, in order for TSH to go international and make itself a full fledge Oleochemical player, such as IOI, KLK, United Plantation, they will first have to increase their paid up to tap international cheaper funds.
5. My judgement is that TSH will need to move very fast from now onwards as the window to tapping cheap funds might be bottoming out.

https://economictimes.indiatimes.com/markets/commodities/news/palm-oil-set-for-8-weekly-rise-on-higher-soyoil-slower-output-growth-forecast/articleshow/78180069.cms

https://www.agriculture.com/markets/newswire/malaysias-sept-1-15-palm-oil-exports-rise-122-mm-its

We can assume the demand to pick up steadily from now onwards. Price should stay at this level at least for the next 3 months

http://mpoc.org.my/monthly-palm-oil-trade-statistics-2020/

https://www.freemalaysiatoday.com/category/business/2020/09/15/indias-palm-oil-imports-expected-to-return-to-usual-volumes-this-month/

https://www.freemalaysiatoday.com/category/business/2020/09/15/indias-palm-oil-imports-expected-to-return-to-usual-volumes-this-month/

Usually will adjust tomorrow. I believe the announcement on HC business will be soon. Otherwise the syndicate will miss the health care run this round..

HLIB Chye Wen Fei, based on your report, I have a few queries to your bosses.
1. You are basing your assumptions for the remaining parts of the year BUT do you know that we plantation companies sell forward and our sale is already locked in for shipment Dec 2020/Jan 2021.
2. India is gradually opening the hotel and restaurant sectors. The current level of consumption is still a far cry from India's normal consumption of 4million tonnes per year.
3. The current stockpile is only 1.7million tonnes. BUT are you aware that the rate of increase in consumption is picking up faster than 2019?
All facts available in the MPOC site.

That is a correct move.

should buy in below RM 1.00 regardless market condition.. stay with fundamentals..

vulgar and egoistic.

Well done all shareholders

Congratulations everyone!

This will be its final quarter as the FY ended is on June 30. Usually takes a little longer.

kawan kawan.. please inform each other when the results appear ok?

Just buy what we can afford and keep

Report by Bernama Gdex load increase 7 fold in April and more in May...

https://www.bernama.com/bm/am/news_covid-19.php?id=1860932

oh ya.. one more thing, this is one of the two listed courier service

No Lah..aidwiz... I am only a novice, small timer only. Cari makan sikit sikit ..but for me personally, I think its should do better than the last high of o.445 on 20 May because the company is doing better and market sentiment is better now.

Hope everyone will maximise your returns with a bit of confidence from my research work

Richielee, my sources are :
1. previous annual report 2019
2. last 4 quarterly reports
3. news articles from the Edge and Star for all related news on courier services.
4. News from others in the courier and transport industry.
Its all there, I hope to help everyone understand a potential counter.. after all its a free fruit. Ha ha>

last quarter because results very disappointing.

Gdex expected to announce very good results from 50% owned vietnam operations and 44.5% owned Indonesian op.
Last quarter there was an impairment item which pulled down the results.
As it is right now, GDEX warehouses are full and are over capacity for both B2B and B2C operations. It will translate to qtr ending 30 Sept 2020 later on.
Therefore, the current performance is the best ever in Gdex history.
Dont bother about the PE calculated above. Its historical based on current price and historical results in March.
Same case as the gloves earlier on. The PE for Careplus was over 1000 but then the results came in at a whopping increase 3500%
Keep Gdex till year end.
YAMATO courier japan has 10% share in Gdex. They are the biggest in Japan. Gdex now has operations in Singapore, indonesia, Vietnam, Malaysia . Its an international base.
The Balance sheet is strong. Cash equivalent more than RM70 mio

The reason GDEX has moved away from the daily courier courier services is because it is getting very competitive and the cost of having many distribution outlets was the strategy they went through in the past.
Since 2017, GDEX has been actively working with pharmaceutical companies, handphone brands, electrical items and other B2B clients who are generally more consistent and stable.
You will notice the April-June revenue increase in coming results as many businesses started opening.

PE 8

Its ok guys. Lets make friends and value each other's comments.
May I share my two cents worth?

I have been following K One since they bought the company in Cloud services which represents Microsoft and Google. and recently in June, they have acquired the entire company meaning that down the line they are guaranteed a profit of at least RM 6 million per year.

Secondly, they are in the Ventilator business under NASA Caltech emergency program and have since received approvals . Due to Trade war between US and China, the US will minimise Ventilators purchases from China and K One will benefit directly.

Thirdly, the swab test kit is also another area of growth.

The current business of waterjet mouth wash is already started and demand is expected to grow as dental hygenic will be another priority.

Its good to but K one at the current price level as it is at an unupdated level pending the quarter results end of this month.

The approvals from Bursa is usually quite fast if all the documentations and requirements are met.

Its the other way around. They have received the shareholder's approval before going to bursa. After the approval by Bursa, when or whether or not to proceed is up to the management.

April 15 announcement they get the right to distribute Covid kit.. now already August. 4 months and no approval...

Their Covid testing kit... still pending MOH approval.

Very strong support at 0.40

Indonesia’s Palm Reserves Set to Slump to 16-Month Low on Floods
https://www.bloomberg.com/news/articles/2020-07-22/indonesia-s-palm-reserves-set-to-slump-to-16-month-low-on-floods

https://www.cnss.com.cn/html/bhsi/ .. Handymax rates which Maybulk owns too.
I think the coming qtr results should not be too negative..

https://www.cnss.com.cn/html/bhsi/
The above is the chart for Handymax which Maybulk owns too.

I believe the coming quarter results might not be too bad.. looks like to share prices are well supported at 0.40...

Still optimistic in the middle 6 month term.

https://www.cnss.com.cn/html/bsi/
Maybulk does not own Capesizes and only one Panamax in its fleet. From last annual report, Maybulk owns mainly Supramax, ha day max and kansarmax... Above link shows trend of Supramax rates .

Wah Friendship.. thanks to you all the 2.6billion share value went up today

Latest PE base on yesterday’s closing is 2.18

Yes.. it’s expected on the correction due to the peak of iron ore stockpile in China now. Affected mostly Capesizes and Panamax.
Maybulk owns mainly Kansarmax, Supramax and Handymax class vessels and carry mainly grains, soy, sugar...
if you look at cnss.com as shared by Chngmenghui , Supramax and Handymax charts are on steady gradual uptrend...

Once China and India settle the temporary drama in the borders, coal shipments will resume. Panamax... should resume uptrend

The demand for these transport vessels will be stable... an on the uptrend as many countries are replenishing...I expect uptrend for vessel space at least till September...

Export of US Soy beans has picked up. Soy usually carried on Handymax and Supramax. There will be corrections along the way on the BDI for sure but the global economies are slowly opening up cautiously.
The demand for coal usually increases in the 3rd qtr due to need for increased energy for heating during winter... Panamax usually carry coal and grains.

Thanks xjteh for your technicals!

Welcome.. let’s make this forum productive, friendly and beneficial to all.

BDI is a general index covering the Capesizes, Panamax sizes, Supramax sizes .. and the current decline in BDI is caused mainly by the Capesizes rates as the import of iron ores from China has slowed down and iron ores usuallynuse the Capesizes vessels 170,000 mt and above

Maybulk does not own any Capesizes vessels. It has Panamax, Supramax, Kansamax which are smaller and can mostly soybeans, grains, coal and sugar..

So, if you analyse the cnss.com.cn , you will see indexes for Panamax, Handymax,
Supramax is on the uptrend .. surely because economies are opening and countries are importing essentials.

We should instead buy in when it dips below 0.40... it’s a cheap buy. Don’t forget the PE ratio is only 2.81 from last Qtr results.

Shipping business is a longer horizon business... The industry has gone through some tough times before the Covid crisis and many vessel owners have sold or scrapped their vessels. However, if you look at the annual report, Maybulk has instead took delivery of 2 more new vessels in 2019..

Above are just my views .. just want to share a good opportunity, nothing else...hope will not be responded in any negative manner .

Yes.. Chngmenghui shared with us cncc.com.cn.. it’s very updated

Surely the pandemic return does not help in recoveries. Fundamentally Maybulk is very much in tact just like other well managed companies in KLSE.. let’s just stay invested and take a longer term view. I made mistakes in the last 2 crashes 97/98 and 08/09 where I chickened out in small uptrend recovery shocks..!
Maybulk is on the uptrend and the daily high vol over past month with low volumes on each correction suggest there are institutional interests...