Btw, I'm happy to have topped up at 0.67.. And no worries I won't sell in near future..

Remember guys, "Patience is Gold!".. Index fluctuates, but as long as the chart is still going uptrend, Maybulk 1.2-1.5 target price is just a matter of time.. Let see what will happen next week..

BDI 3,175 -> 3,255 (+80, +2.5%)
BCI 3,861 -> 3,987 (+126, +3.3%)
BPI 3,515 -> 3,642 (+127, +3.6%)
BSI 2,864 -> 2,877 (+13, +0.5%)

updated Friday, 25/6/2021

Baltic index rose today.. as Panamax stands back to above 3500 & Supramax record high..

The Baltic Dry Index rose 0.9% to 3,175 on Thursday, extending gains for a second straight session, as the North Atlantic has been much more active in the last couple of days and rates improved significantly. The panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and iron ore, rose 2.8% to 3,515, snapping a four-session long streak of declines; and the supramax index rose 12 points to 2,864. Meanwhile, the capesize, which tracks iron ore and coal cargos of 150,000-tonnes, shed seven points to 3,861. source: Baltic Exchange

Thanks for your insights chief999... hopefully can achieve my target of 100%-150% profit in 3-6 months time..

Managed to add some yesterday.. I think 0.67 was over sold already.. maybe some investors panic

@pingdan Exactly...! Index fluctuates.. as long as they stay between 2500-3500 then Maybulk will have a great 2021 financial year.. For me, lower price is actually a good chance to top up..

BDI 3,119 -> 3,147 (+28, +0.9%)
BCI 3,783 -> 3,868 (+85, +2.2%)
BPI 3,432 -> 3,418 (-14, -0.4%)
BSI 2,840 -> 2,852 (+12, +0.4%)

updated 23/6

Agree. This is indeed a turnaround story for Maybulk. Should be able to reach 1.20-1.50 in the coming two quarters if Baltic Index remain strong at 2500-3500.

Relax guys... sometimes correction is necessary..

The Baltic Dry Index rose 2.9% to 3,267 on Thursday, its highest since June 2010 and extending gains for a seventh straight session, supported by prospects of robust demand and despite China’s efforts to limit rising commodity prices. The capesize, which tracks iron ore and coal cargos of 150,000-tonnes, surged 5% to a one-month high of 4,212; and the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and iron ore, advanced 1.1% to 3,558, a peak since June of 2010. Among smaller vessels, the supramax index rose 41 points to 2,754.

Baltic indexes continue to go up on Thursday 17/6

BDI 3,176 -> 3,267 (+91, +2.9%)
BCI 4,010 -> 4,212 (+202, +5.0%)
BPI 3,519 -> 3,558 (+39, +1.1%)
BSI 2,713 -> 2,754 (+41, +1.5%)

@chief999, I am talking about 100%-150% gain in 3 to 6 months time...

@chief999, Undoubtedly volume will push the price up fast, but honestly speaking I rather that not to happen... but prefer it to go up slowly but steadily... Personally I feel very comfortable with 5-10 mil volume now as I'm looking for long term + big gain, not small profit.. So, I hope it won't attract too many to come in at once...

Money from other sectors are pouring in due to MCO 3.0 and high Baltic index.. And Maybulk is lucky as it does not being affected by lock down, and it's also the only counter doing dry bulk shipping in Malaysia.. What if there's only one glove company in Malaysia during the pandemic... Can you imagine?

Guys, dry bulk companies in Asia too going up strong! Ini kali lah..

Yup chief999, divergence is evidence!

Most US dry bulk shipping companies up strongly for the past 5 trading days despite Dow Jones going down.

Well explain Fabien.. Good job!

Guys, see today's price index... Maybulk can be our best defensive fundamental counter for MCO 3.0...

BDI 3,025 -> 3,176 (+151, +5.0%)
BCI 3,695 -> 4,010 (+315, +8.5%)
BPI 3,407 -> 3,519 (+112, +3.3%)
BSI 2,667 -> 2,713 (+46, +1.7%)

No worries.. @Chief99... even the strongest bull need a rest ma.. haha...

Ya.. Musangking, looking at the current trend Maybulk should be able to reach 1.00-1.20 soon.

The Baltic Dry Index rose 2.8% to 3,025 on Tuesday, a peak since May 13th and extending gains for a fifth straight session, supported by economic recovery and despite China’s efforts to limit rising commodity prices. The capesize, which tracks iron ore and coal cargos of 150,000-tonnes, surged 4.3% to a three-week high of 3,695; and the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and iron ore, increased 1.9% to 3,407, a peak since June of 2010. Among smaller vessels, the supramax index rose 43 points to 2,667, its highest since available records began in 2017.

Oh my goodness! BDI just breaks 3000 points! All 3 indexes - BCI, BPI & BSI continue to move up and up! Maybulk, you're really the best defensive fundamental counter for MCO 3.0...

Panamax 10 years high! Supramax the highest since available records! Wow..

Heh guys, the uptrend continues today!

The Baltic Dry Index rose 3% to 2,949 on Monday, a peak since May 13th and extending gains for a fourth straight session, supported by economic recovery and despite China’s efforts to limit rising commodity prices. The capesize, which tracks iron ore and coal cargos of 150,000-tonnes, surged 5.9% to 3,543; and the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and iron ore, increased 1.2% to 3,343, a peak since September of 2010. Among smaller vessels, the supramax index rose 32 points to 2,694, its highest since available records began in 2017. The Baltic Dry Index rose more than 17% in the second week of June, its best since February.

Yes... I think Maybulk will be one of the most rewarding counters to buy/hold during this lock down period of MCO 3.0..

Great news guys! Let's see what's going to happen on Monday.

The Baltic Dry Index surged 7% to 2,857 on Friday, its highest since May 24th and extending gains for a third straight session, amid signs of improved demand as economies recover from the coronavirus and despite China’s efforts to limit rising commodity prices. The capesize, which tracks iron ore and coal cargos of 150,000-tonnes, surged 15.4% to a two-week high of 3,346; and the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and iron ore, advanced 3.1% to 3,302, a peak since September of 2020. Among smaller vessels, the supramax index rose by 40 points to 2,592, its highest since at least 2017. The Baltic Dry Index rose more than 17% in the second week of June, its best since February.

yup.. chief999

Will be sold within 2021.. Will contribute about 50mil+ if not mistaken, need to double check..

Exponential only if the Baltic indexes continue to go up, but for me I am satisfied if they stay at the high range because Maybulk coming results will be very cantik already...

chief999,

Yes panamax is at its 10 yrs high, not supramax but still it's at the higher price range.. If they continue to stay at this range for another 6 months Maybulk will have a big turnaround story in 2021... If they continue to go up it will be exponential : ) (maybe like gloves last year)

Let me explain to you Parksonguy,

Think about Carepls, even thought its tiny like an ant if to compare with Topglove, but still you can't stop it to move from 0.15 to 5.00. Even now dropped back to 1.70 still up1000%+.

By the way, Maybulk has 7-8 ships to date not 5. And it's Kamsarmax are all new ships, built in 2018-2019.They are the largest and most modern/efficient panamax.

Heh guys, say hi to "one of the best defensive counters" during MCO 3.0 - The Maybulk!

BDI 2,481 -> 2,669 (+188, +7.5%)
BCI 2,488 -> 2,899 (+411, +16.5%)
BPI 3,063 -> 3,204 (+141, +4.6%)
BSI 2,508 -> 2,552 (+44, +1.8%)

Don't mention, RainT.. This is just my own thinking.. I also not 100% sure one..

The Baltic Dry Index rose 2.5% to 2,481 on Wednesday, after ten consecutive sessions of losses, amid supply concerns and despite China’s efforts to limit rising commodity prices. The capesize, which tracks iron ore and coal cargos of 150,000-tonnes, surged 4% to 2,488; and the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and iron ore, advanced 2.4% to 3,065, its highest since May 12. Among smaller vessels, the supramax index rose by 29 points to 2,508, its highest since May 25th. source: Baltic Exchange

Good news! Panamax index shoots above 3000 points (+2.4% to 3065) and Supramax index ends above 2500 (+1.2% to 2508)!

Exactly Lawman, as investors we always need to look into details... capesize index has nothing to do with Maybulk.. just focus on panamax & supramax indexes will do.. Both are going strong at 10 years high levels..

Why I think Maybulk is a good defensive counter to buy/hold during this period of time.

Investors were selling Maybulk since Baltic Dry Index corrected after hitting its 10-year-high around 3200.

But if we observe carefully, the recent correction of BDI was mainly due to the drop of its largest component which is the capesize index (for the largest dry bulk ships, which tracks cargoes of 1500,000 tonnes & weights 40% in BDI). However, some may not realize that Maybulk in fact does not own any capesize ships, so it certainly won't be directly affected by the down trend of capsize index, other than the general perception of investors (or most of the time, traders) who sell their shares when they see the chart going down.

Many may have overlooked the panamax index (for middle size ships, which tracks cargoes of 60,000-80,000 tones) too. In fact, panamax index rebounded significantly since a week or two and currently going uptrend, almost hitting 3000 points. This will definitely benefits Maybulk panamax fleet, as all the 3 Kamsarmax (the largest & more advanced ships in Panamax family) owned by Maybulk, are relatively more efficient and young (all built in 2018 & 2019) and cover 55% of Maybulk total d.w.t. The higher charter rate for panamax will definitely give significant contributions to its coming financial results.

Maybulk also owns some smaller ships - the supramax which cover ~40% of its fleet total d.w.t. As long as supramax Index continues to maintain at 2000-2500, which is still at the high side range in the nearest 10 years frame, we can almost confirm that Maybulk will see significant raise in its coming yoy as well as qoq results.

Another reason why I give high regards to Maybulk is simply because shipping is amongst the few sectors allowed to operate during this round of MCO 3.0. Even though if lock down extended for another one or two months, Maybulk operation will not be affected much compared to other sectors as dry bulk shipping business is essential and international in nature.

That's why I think Maybulk is a good defensive counter to buy/hold at this juncture of time. Just my two cents. Hope they help.

Honestly, I don't think so Hafid... Maybe slowly, but Maybulk is definitely going up...