No doubt looks like a quality company but selling at 50x 2023 earnings? There are many quality companies in Bursa selling at below 15 forward PE.

Dead cat bounce. Beware!!

Don't ask how much lower can it go. Whether u put in $1k , 10k or 100k now, if it goes to down to zero and delisted, u lose everything.

How do you value a company like SD where almost all the accounting figures are cooked? No way. Only speculators would buy their shares now.

Karim will let this drag for as long as possible.

Opportunity to accumulate.

BDI went down as fast just as fast as it went up to 5,500..healthy correction.
I hope it can find support at 3,800 level which i think is still very profitable for Maybulk.

Some of iCap large stock holdings include KGB, SAM, PADINI...all selling above 30 P/E. Justified?

Anyway, i'm in it for the long haul.

Q3 should indicate how resilient they are with partial lockdown in Vietnam and Malaysia.

@dragon308, I hope you are right.

Anyway, i'm a supporter of Maybulk now as a cyclical play.

ltlim74 @SharonChong, if you started investing long enuf, u should remember what happened to Transmile. Robert Kuok as a major shareholder does not guarantee success. He has hundreds of companies worldwide to take care of, and mostly delegated to his chief lieutenant. Do you think he can oversee all companies equally?

So if cash balance increased, why need to take more short-term borrowings?

The short-term borrowings of RM255m is a big concern.

"A wholly-owned subsidiary of the Company, has on 21 June 2021 entered into a share purchase agreement to acquire the remaining 50% equity interest in Novel Bright Assets Limited (NBAL), for a total consideration of approximately RM400. Following the acquisition, NBAL is deemed as a wholly-owned subsidiary."

Can someone shed some light about this statement in Maybulk Q2 report?

MBC went thru hell in 2008 when BDI tanked from USD10k to below 1k..and they just barely make it thru. This time around, the management have a reason to believe that the BDI increase will not be sustainable no matter what the analyst predict. Hence, they are taking a prudent approach to sell off 2 supramax vessel at good price to get rid of their debts, and wait for the tide to swing south.