Do not concentrade on Maxico,they just start operation,within 1 year time,if they can cover all the overhead they incurred,than we can again thanks the effort of management.Since we hold them for long term,be patient.Here i hope they can put their effort to increase the export market,so we can enjoy their quarterly dividend.
Success transformer r different story,i worrytheir export revenue (still continue drop & this is not the first time,expecially when ringgit malaysia keep on depreciate),does it means they unable to get more order from oversea,please take note when invest.
Najib,dont forget how Digi Fly 18 years ago, both company come from Europe. Western management is totally different from Asia. Pls find out what is their similarity before Digi Bonus issue & what is the economy condition cause Digi Hit RM48.
KML889,i understand what you mention,but if foreign investor willing to enter this counter,they should act during BDI cross 4000 point like what they did in DKSH counter when the company declare good quarter result,why they still not move in even they can forsee the coming 2 quarter sure will give them good return.What factor cause they delay their action, now a day all the transaction mostly come from small investor like us,am i right.
Our local politic climate always influence the confidence of investor, ie 51% already slash the foreign investor intention to enter market even the counter future is so bright.Pls take into account of this factor! This is what i concern.
When all the export oriented counter hit new high in their Revenue,this stock still maintain at 53mil level & net profir keep on dropping 16.42% compare to previous quarter,what i concern is may be their product lack of competetiveness ,cause export sales can not move,am i right.
Lawman, i prefer Maybulk more aggresive to position themself in asia region even at 4 wave of covid pandemic,since we can forsee even enviroment become worst,but charter rate still remain high,we need to find out reason other than conggetion at port, lockdown of serrounding country,what is the actual reason it can maintain high since Sept2020 until now even comodity price already drop at least 20%
Najib,may be you can look into their capability of supply chain,why all the western company authorise this company to distribute their product,or why local brand "planta" still authorise DKSH as their distributor until now?
Still remember why they willing to loan 450M to buy Auric Group.I still remember quite a number of reader blame the management decision.After 3.5 time,the company growth to another level. I hope management start another acquisition again during recession.
PROSPECTS Near term performance of the dry bulk sector is expected to remain positive as dry bulk volumes recovered and markets rebounded from the 2020 COVID-19 shock. These conditions are expected to sustain into the second quarter of 2021, supported by a combination of strong demand and temporary disruptive elements such as port congestions. While we expect Chinese steel output to remain high in Q2 2021, it is likely to come under pressure from Chinese regulators later in the year seeking to rein in excess capacity and curb environmental pollution, which may impact iron ore and coal imports. The resurgence of COVID-19 infections in the Indian subcontinent and other parts of Asia also present downside earnings risk, increase vessel trading complexities and quarantine risks. Consequently, the shipping industry will continue to stay in a volatile trading environment and the path to economic recovery is likely to be uneven in the coming quarters.
If your estimation is Revenue 45mil,after deduct voyage expenses RM6.1Mil (assume same as previous quarter) & operating expenses 31.5Mil(assume same as previous quarter).the gross profit only 7.4 mil (0.74cent/share).
In this reporting period FY2020, net revenue for the Group was RM130.846 million (FY2019: RM206.543 million) and operating loss was RM3.592 million (FY2019: operating profit of RM32.001 million). The decrease in results were mainly due to reduced hire days (FY2020: 3,848 days vs FY2019: 5,010 days), a smaller fleet and a 14% drop in charter rates(FY2020: USD8,566/day vs FY2019: USD9,921/day).
Excluding the exceptional items, the Group recorded a profit before tax of RM6.006 million in Q4 FY2020 compared to a loss before tax of RM8.979 million in Q3 FY2020.
This is the statement i forward from the 31.12.2020 quarter report. i did understand the Maybulk capacity is 550,000 DWT. (how many vessel they did not mention).But if we discount the negetive factor like reduced hire days (FY2020: 3,848 days vs FY2019: 5,010 days), a smaller fleet and a 14% drop in charter rates (FY2020: USD8,566/day vs FY2019: USD9,921/day).Average rate as at 31.12.2020 is around (USD10,000.00-USD11,300.00/day) Maybulk rate is nearly 30% lower than average,why?
Then, if the above 2 factor still happen again in this quarter. may be we have to forget about 50-60mil revenue that can be realise by ended 31.3.2021.
My assumtion is base on the 10 vessel they have, compare with 15 vessel 1 years ago, the total hour of operation sure will reduce,unless they can generate 60 mil revenue for quarter ended 31.3.2021,may be your target 3.5 cents can be achieve. (Pls excluded impairment loss that may be reinstore /reverse back (non cash profit))
Mr Wok,Thanks for your reply.Anyway i still need further understanding how EPS correlation with DWT and Charter Efficiecny of Maybulk, (Currently maybulk EPS is -2.08cents /share,how it can improve to 3.5 cent/share at current market condition.(14 EPS annually as you mention))Can you share with us ,we r willing to learn ,thanks!
wah,wah,wah! If BDI maintains above 2200 for the entire year, the simulated forward EPS would be around 14 sen. Every increase in of +200pts from BDI 2200 onwards adds about 2 sens more to the forward EPS. Dear Wok : What formula you used to conclude the above statement,(Why EPS would be around 14 sent?)Pls dont misled Chl1989 again!