Market almost back to 1400points....this company stlll at 16sens...now that the ports are open...hopefully will catch the 20 to 22 range soon.... As usual dissapointed with its performance...
@ Ken1008 , Hin Leong an oil trader and also offering bunkering services beside owning fleet of ocean tankers. She look more like a competitor to Straits.
This counter moves slow . Up or down very slow. VERY Good counter. Not for those looking for fast gain . Touch and Go and buy and sell for profit , thinking of making from others daily
reason why malaysia company difficult to compete with our neighbour is becoz over there, Spore government give banyak subsidies...unfair advantages, compare to malaysian bunkering business. ..what our government should do is to give similar subsidies..than baru adil.
under PH government, this are the things we want to do..but now under PN..donno la. Bunkering is a billion ringgit business, stupid fo BN, now PN for giving it away to spore.
Want to move? First pay dividend or something once a year . Or else everyone want to in when low and out when high.. So whose fault ? Price not moving and cannot stay. Sitting here for years without return. Who want to put in money here. Fix deposit at least still have 2% return. Those in here are just lining up to sell high after buying low
Satha, klci up 1250-1400 only up about 12%. Straits already up from 14-17=22%. as I already said earlier, whenever drop to 15 sen and below, top up another batch without worry. Follow brother learnbyheart, study the company then you will have confidence. If you throw your money to companies but you never do your own homework, whenever price drops you will panic. But if you have confidence, when price drop you will buy more.
terence775 Everytime straits drop, I top up with full confidence. Skim cepat kaya next year 17/04/2020 8:46 PM
Satha, my apologies. I see that you have been here far longer than me. It's ok, every company will have their turn. Straits now mostly under the radar as it is in ACE market.
yes terence775..i will top up whenever i got bullet..holding almost 2 year now..will be satisfy even if my analysis on the company fail rather than throwing on the stock during turbulence PVA time that might stuck at peak.
Many of us are collecting in silence, @Satha. You are right, the current price is probably dragged down by a lot of old baggage, plus the O&G industry is on a down slope. On the up side, they're a key port operator who are doing well and delivering a lot of value to all stakeholders involved. At 16c, it's a steal. So yes, collect while we still can at this price. A few of us are planning to buy more this coming Mon. Hang on in there - this company will eventually repay the faith you have in them.
Straits is a 3rd liner OnG stock..after Dayang, Hib and the rest fly..than Straits turn. ..remember, they are selling oil to ship.whether oil up or down, no big effect coz the just sell at the rght price accordingly, while still maintain profit margin. MCO also would contribute huge profits
recent singapore biggest bunkering company file for bankruptcy.... Straits should get some benefit from that one as well..
please go up higher..so long holding warrant at 6 cents..this QR sure fantastic with IMO 2020 in place..I expect revenue might tough 300 million..than IB would cover this tiny stock
Straits Inter Logistics Bhd will continue to expand its oil trading and bunkering business by increasing its deliverable tonnage capacities through the acquisition of new vessels or chartering third parties’ vessels as well as broadening its geographical coverage.
After expand into above business, business double & profit improved, but tge share price stll below 0.20, expect the price can leap further. TP 0.36
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char1234
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Posted by char1234 > 2020-04-06 20:09 | Report Abuse
Straits ..needs time...Shld HV bought knm and hibiscus