Wah i saw so many marine company (not necessary dry bulk) limit up or near to limit up..

Which one limit one? Mind to share sharon

This wallstreetrookie typically 鸡蛋里挑骨头

wallstreetrookie: Why bring up ur old TP? To show how bodoh your comment... Your TP totally not relevant.. So where is the impairment you talk about? Where is the loss making you talking about? Hello? All gain for Q1 and Q2 is all come from disposal of assets? Yes parts of that come from disposal of assets. But most part come from pure profit.

Why i keep talking about BDI? Alamak you dont understand how the company revenue calculate? How u know the revenue and profit in coming quarter? I really doubt you really do any homework on this company. That's why you coming out with the TP RM0.08?

20/8/2021

Source: Hudson Shipping (Average Time Charter Rate)
Panamax USD 34,067
Supramax USD 36,039
Handysize USD 33,799

Source: Tradingeconomics
BDI 3,976 -> 4,092 (+116, +2.9%)
BCI 5,711 -> 5,997 (+286, +5.0%)
BPI 3,754 -> 3,785 (+31, +0.8%)
BSI 3,237 -> 3,276 (+39, +1.2%)
BHSI 1,871 -> 1,878 (+7, +0.4%)

Source: Quarter report on 30 Jun 2021
Average Time Charter Rate: USD14,946 (Jan to Jun 2021)

Average Time Charter Rate: USD12,860 (Jan to Mar 2021)
Average Time Charter Rate: USD17,000 (Apr to Jun 2021)

wallstreetrookie Why should I talk about impairment losses and financials? Those are public information. Easy to Google. I prefer macro trends and market sentiment. There are plenty of turnaround opportunities and this company is not one of them
18/07/2021 11:06 AM

wallstreetrookie Slow growth in grain trade and gradual QoQ increase in asset impairment expected to exert further downward pressure on upcoming earnings for Malaysia Bulk Carriers Berhad despite optimism and gains in Baltic Exchange Dry Index. The worst is not yet over.
30/07/2021 11:59 AM

Hello where is the impairment u talking about? Where is it? BDI 4000 and got impairment? Hello? U got brain or not?

wallstreetrookie I don't care. I am short Maybulk. See who wins in the end
16/07/2021 12:15 AM

Still, dont dare come out bet with me.. only hide behind become a keyboard warrior. Hahahaha. Still, say see who will win? No action talk only ah?

wallstreetrookie Perhaps don't put too much money in Maybulk. Price target: RM0.08
18/07/2021 11:05 AM

I laugh loud at this. this year Q1+Q2+Q3 (pure profit) will be near to 8sen. TP RM0.08? u sell to me ah? oklo i buy from u RM0.16.. u still can earn 50% right? come out sell to me at RM0.16 :)

Most funny thing is current price is lower than the price when BDI at 3000

the higher the BDI, the lower the share price... well done shark

Hi coward wallstreetrookie.. still dun dare come out and bet? If dun dare just keep quiet.. u keep stating the wrong fact.. the company making loss now?

Wow Wok since like u are an old bird investor for Maybulk.. not sure how u get 10 to 15mil revenue... what I know is last year JV revenue is 12mil and profit are 2.3mil (According to annual report 2020)..

Since you are old bird, mind to share something on this NBAL?

Novel Bright Assets Limited owned Brilliant Star Shipping Pte Ltd.

Company Industry for Brilliant Star Shipping Pte Ltd:

1st Shipping Lines
2nd Chartering Of Ships, Barges and Boats With Crew (Freight)

I wonder why they acquired this Singapore company.. maybe they want to expand their business in Singapore?

https://www.sgpbusiness.com/company/Brilliant-Star-Shipping-Pte-Ltd#Company-Industry

Tonychua: Yes. I think they will be written back the impairment as the company making profit this year. Hence the value in use will be higher.. but won't be as high as 55.8mil as some of the vessels have been or will be sold before year end.

Impairment will be written back when the vessel is sold. It wont be wait until year-end.

NBAL should be included in the account already as the acquisition have been completed

I guess is time I give my personal opinion...

Q: Why did TCE improve by 31.78% but revenue only increased by 15%?

A: Last quarter, Maybulk have sold Alam Sejahtera. Hence, revenue is not as high as we expected as there is no more revenue generated from Alam Sejahtera

Q: If Alam Sejahtera sold, why did the cost of sales (depreciation) remain the same between this quarter and last quarter?

A: It is because the cost of sales (depreciation) for the Alam Sejahtera sold has not been depreciated last quarter as it has been considered as assets held for sales. Assets held for sales will not have any depreciation/cost incurred in profit and loss.

Q: How about next quarter's result? Will EPS improve?

A: Yes. Next quarter will be the best quarter ever in 10years (if exclude one-off other income) if the BDI index is above 3000 until the end of Sept. (I got my own calculation but I leave it to you all u calculate yourself, consider the TCE above 25,500, which is 50% from this quarter 17,000). Also, I am excluding the one-off gain from 2 supramax that will be sold at the end of the quarter.

Q: How about Q4 result after 2 supramax sold. WIll EPS still be good?

A: It depends on the BDI index. If it stays above 3000 for the rest of the year, it still will be considered a great investment with the current price. (Basically, you can use next quarter EPS divide by 7 times 5 and get the EPS expected. Again, I leave it to you all to calculate yourself)

Q: Why the management plan to sell 2 supramax when Supramax charter rate is at an all-time high?

A: I guess the management wants to clear off all of the debt as Supramax selling price is currently at near to all-time high. (RM264.58mil - borrowing and lease liabilities, RM208mil - selling price, and 78.6mil cash). The management is aiming for long-term survivability rather than short-term gain. FYI, both Supramax have been aged 7years old.

Keep in mind that the supramax only go into MOU only.. hence the 2 supramax still in use as at today.. mean this 2 supramax will still contribute to the revenue and profit for the coming quarter until it successfully sold to other parties. The point is now only Memorandum of Understanding only.. all not yet 100percent confirm including the selling price..

Next quarter revenue least will be more than 50percent increase.. and all increase go to profiti. currently suprmax and panamax rate at more than USD30k.. go and calculate the eps.. plus disposal

6months charter rate average at USD14.9k.. last quarter USD12.8k.. mean this quarter charter rate at USD17k..

Next quarter asp at least 50percent more than this quarter.. but bad news is we losing 2more vessel.. but overall next quarter will definely better than this quarter.. and i guess after selling 2 supramax.. maybulk borrowing will become zero onwards

Princehero: please sell all your share ya.. dun left one share.. and kiss goodbye to maybulk.. bye.. more ppl will come and dun cry when maybulk share price continue up ya :)

Hello wallstreetrookie where are you? Hiding now ah? Maybulk lose making company? Luckily u hide and dun dare bet with me. Lose until u left underwear lo

Only know earn small money.. super useless shark

Haha when u all excited, shark start to sell down the shares. I hope that result faster come out so can attract new bigger shark to takeover this existing shark. Current shark is useless in pushing the share price up

Yalo another new high.. too bad this wallstreetrookie hide behind keyboard and dun dare to bet with me. Coward :)

Wallstreetrookie: i already invited u so many time but u just ignore my invitation. Why so scare about betting? Since u so confident the TP of Maybulk is RM0.08? Give u money to win dun dare ah?

How come so bad u still dont dare to bet with me? Come out and bet with me ur coward wallstreetrookie.. talk like maybulk so bad but dont dare to take action and bet with me.. talk is cheap.. action is gold.. key warrior is noob like wallstreetrookie.. really act like rookie

Star Bulk Carrier Corp is one of the top10 dry bulk company in the world

Star Bulk Carrier Corp announce quarterly report for Q2 FY21 revenue jump from USD146mil to RM311mil from Q2 FY2020. Profit improve from loss RM 44mil to profit RM128mil. This company owned 128 dry bulks vessel

Please inform us here if u see any useful info from the quarter report of pacific basin

For more information, refer to https://www.pacificbasin.com/upload/en/ir/financial_disclosure/presentations/result/2021%20Interim%20Results.pdf

Pacific basin expect supply of dry bulk grow will only add less than 2percent for 2022

Average time charter equivalent for handysize for jun is USD19,960 for june while for 91percent of july is 22k. For supramax, average time charter equivalent for supramax for jun is USD26,410 while for 91percent of july is USD33,190

Pacific Basin have reached best 1H result in 13years

According to Pacific Basin latest quarter report on 29 Jul, handysize spot rate at 27 Jul is USD26,720 and supramax spot rate at USD30,230

I believe the vessel disposed already record as asset held for sales. Hence wont be anymore gain from disposal for the vessel

Wallstreetrookie: Dun hide behind and become keyboard warrior. Be a man and bet with me outside

Great example is all the small glove manufacturer. Before this pandemic all having cash flow problem, now all become cash rich company. This apply to maybulk as well.. aiyoyo wallstreetrookie why u so noob?

BDI remain at 3000.. freight rate so high.. will have big profit coming.. if big profit come, all the cash flow problem solve.. so simple theory also cannot understand?

coward wallstreetrookie. talk so many point also useless.. come and meet up.. i sold my share now and u pay back all my share on end of the year.. talk is cheap.. no dare short then no dare short :p

Meet up and bet with me or shut up

Hello wallstreetrookie dun dare bet? Coward? Dun talk here if u coward..

he dun dare to bet... such a coward

Everyone just pursue wallstreetrookie to meet and bet with me.. he say he cannot short the share ma.. i will give him an option to short with me..

Tp rm0.08… now RM0.67.. got RM0.59 earn lo.. come come good trade for u

Where to meet? Which lawyer or broker firm? Tell me thanks

Wallstreetrookie: how about we meet up? We arrange a contact.. i buy maybulk share and sell to u.. after 6months u buyback the share from the market and return to me. Since u so confident ma.. now 0.67… see how much money u got.. then i sell to u.. u can sell in market now.. then when 2022 reached u just buyback from market and sell to me la.. since u so confident..

This is the normal tactic use by shark to force out ur share.. if u cannot tahan just sell it.. if not how he collect the share.. still got 1and half month the most to wait for quarter result.. up to u want to wait or now.. dun wan then just sell it off

Wallstreetrookie just a tin kosong.. he dun understand how BDI calculate and how impact the revenue of the company..

good... wallstreetrookie... please all in your short.. remember to email or post your short position to us ya... dun talk only...nobody will believe you to only leave a comment here.. do your action and show your proof. Show how bigball u got... and see u in hell :)