Posted by terence775 > 2020-06-22 18:23 | Report Abuse

It's interesting to attend AGMs to learn more about the management and also about the company. For example, REVENUE's AGM was very impressive and reinforced my investment with the company.

Posted by terence775 > 2020-06-23 12:13 | Report Abuse

Straits is a slow and steady stock. You can see that the support has steadily increased from 14sen, to 15, 16.5, and now it's 17.5/18.
A very beautiful graph if you ask me, but not for traders definitely.

Posted by Ron90 > 2020-06-23 14:36 | Report Abuse

@terence775 It's interesting to attend AGMs to learn more about the management and also about the company. For example, REVENUE's AGM was very impressive and reinforced my investment with the company.
22/06/2020 6:23 PM

====
How's the rev?..i believe it should passed 250m this qr.

Posted by terence775 > 2020-06-23 15:46 | Report Abuse

Ron90, I was talking about revenue group berhad (0200). I attended their AGM, and I was impressed by the way the MD and the rest of the management answered the questions. This is another company that's slow and steady not much heat to fry.

As for Straits, I really can't say. They have 2 new revenue streams: port management and disinfection business for ships. Of everything they've been doing, the port management that began in April is their biggest one. I think their businesses are all very synergistic with each other.

I believe this QR should be in the range of ~200m as well. I'm eagerly awaiting their QR... they only have a few more days to announce it. Next QR (Q2 2020) might be a bit rough, as that's when all the logistics were disrupted.

Well, let's just see how it goes.

Posted by JK22 > 2020-06-23 17:09 | Report Abuse

Logistics is categorized as essential business . During last 3 months covid19, their logistics business could be rough , but it was running.

Posted by terence775 > 2020-06-23 17:25 | Report Abuse

JK22, their logistics mainly dealing with bunkering business. Amount of work should be reduced in 1H 2020. But I don't know how to predict their QR as I am not in this business. Hard to compare with FY2019 as well, as they outperformed 2018 in a huge way.

If I can read through their 1Q 2020 results, I will have a better understanding on how 2Q 2020 will go. But anyway, the 2019 performance is definitely amazing, just wondering if they can continue to grow in 2020 as well.

Personal thinking... they should be able to. But let's see.

Posted by Oiichai > 2020-06-24 18:51 | Report Abuse

Have more then million units now. 1st time own this much unit of 1 country haha

Posted by winwinwin666 > 2020-06-25 09:11 | Report Abuse

Wait for qr.................

Posted by Oiichai > 2020-06-25 15:39 | Report Abuse

Satha how long been holding? I just start 2.5 months ago. Few years never touch. Covid fall then only join back the game

Posted by JK22 > 2020-06-25 16:12 | Report Abuse

oil price dropping .. sentiment

Posted by JK22 > 2020-06-25 17:01 | Report Abuse

Agreed, Someone must be playing around with it . Small timer , making 1 to 2 cents .. no matter how huge the buying volume + buyer vs selling volume +seller . It will sure some little amount move to the lower end.

Posted by JK22 > 2020-06-25 17:05 | Report Abuse

without div or consolation give away for holder or something to look forward, this counter will not move steady .

Posted by winwinwin666 > 2020-06-25 18:10 | Report Abuse

qr come out already, renenue increase 28.9% but pbt(-51.7%) and pat (-29.7%)drop gaw gaw

Posted by learnbyheart > 2020-06-25 18:58 | Report Abuse

consider very good result despite covid problem..many company red result..this one revenue even up by nearly 30%

Posted by learnbyheart > 2020-06-25 19:01 | Report Abuse

Simon Singh..dont judge the company by their share price only..study the value..straits not for trader

Posted by winwinwin666 > 2020-06-25 19:06 | Report Abuse

If the price can back to 0.13,i sure all in and delete trading app,after 10 years just download back,hahaha

Posted by Oiichai > 2020-06-25 19:19 | Report Abuse

This marine bunkering is simply too low profit margin ... is about 1% ..

Posted by learnbyheart > 2020-06-25 20:13 | Report Abuse

wow..mix emotion ya satha..it is Doji in candlestick..hahahaha..relaks la brother

Posted by learnbyheart > 2020-06-25 20:34 | Report Abuse

dunno how you intrepret conman company with 262 million revenue in just 3 month..why not you accuse company with less than 1 million revenue as con company? their client must be crazy though ..guess it balance sheet in rupiah..hahaha

Posted by Oiichai > 2020-06-25 20:58 | Report Abuse

For me this is best performance in my portfolio.
assume that next 3q is same revenue and average profit about 1.49%, 262x4=1048m*1.49%=15.6m/650,659,459= 2.4 eps
Give it another 1-4 months another 2qr result, easily 0.28-0.30, WA 0.165-0.185 >100% gain from today price haha.
Will add another million units if still this cheap price.

Posted by Ron90 > 2020-06-26 09:04 | Report Abuse

as xpected..revenue increase above 250 millions..... means, this company review would be over 1 billion per year.

Posted by terence775 > 2020-06-26 10:21 | Report Abuse

Good call Ron90. Yes, the topline of the company is growing beautifully. Not easy to still maintain profitable in this kind of difficult times.

They also incurred one time cost to set up their SPMSB subsidiary to undertake port management from Labuan.

Other than that I think the bottomline, while not amazing, is quite satisfactory. Looking forward to 1bil revenue this year, and perhaps share price of at least RM 0.3.

Posted by terence775 > 2020-06-26 10:21 | Report Abuse

I already have a lot of shares that I'm holding, so I will adopt a buy on weakness strategy.

Posted by terence775 > 2020-06-26 11:15 | Report Abuse

Short term nobody can predict market volatility
long term, a good company will realize its value eventually

Posted by learnbyheart > 2020-06-26 12:49 | Report Abuse

bye bye satha..i will continue sailing with those believer

Posted by terence775 > 2020-06-26 15:30 | Report Abuse

Good luck elsewhere Satha. Welcome back anytime.

Posted by Oiichai > 2020-06-26 16:22 | Report Abuse

Cya satha.

Posted by Nathan27 > 2020-06-29 01:34 | Report Abuse

https://www.manifoldtimes.com/news/straits-inter-logistics-imo-2020-strategies-contribute-141-2-jump-in-revenue-for-q1/

Posted by Nathan27 > 2020-06-29 01:40 | Report Abuse

Straits quarterly results explained in the article... more bunkering jobs leading to all time high revenue and one time cost to diversify to port management.... company that’s growing but share price not growing....

Posted by Nathan27 > 2020-06-29 01:48 | Report Abuse

2017 : revenue = 33 million per quarter on average, share price 24-26 sens
2020 : revenue =262 million per quarter, share price 16.5-18.5 sens

The company has grown so much in the past 3 years, new ventures and businesses rolling in, why the share price not going up?doesnt make sense to me

Posted by terence775 > 2020-06-29 11:35 | Report Abuse

Yes Nathan. It doesn't make sense, but not everything in the stock market makes sense. I always believe, in the short term the market is irrational, but long term good companies will always reach their fair value.

The management is turning around the company with many recurring income streams and securing new contracts and expanding the company, yet still remain profitable even when oil price hit decade lows.

Good chance for us to still collect low. Patience will be rewarded. Review this company every quarter ... So far I'm not disappointed.

Posted by terence775 > 2020-07-02 12:37 | Report Abuse

Haha Satha. We can't always time the market. Invest in good solid companies, when people realize we will be the ones to benefit. Patience will be rewarded. Now everyone too busy frying glove and healthcare counters.

Hope you can join us back again, it's very lonely here. By the way, where did you read the info regarding the loan?

Posted by Gen2 > 2020-07-02 13:36 | Report Abuse

satha44 why you sold all your shares as you keep on mentioned it is dirt cheap ?
Why not add up your position ?
Are you trying to buy it again when it go higher ?

Posted by terence775 > 2020-07-02 13:45 | Report Abuse

Thanks for sharing. Funny I didn't get a notification from bursa.. usually I will be alerted when companies make announcements. Anyway the new gearing ratio is rather alarming, but in this low interest rate environment, it may be a bold move. I'm still holding on unless red flags appear.

Posted by terence775 > 2020-07-02 16:02 | Report Abuse

Haha.. never know when might miss the boat. Anyway, I'm content with just holding. Good luck to you elsewhere Satha

Posted by JK22 > 2020-07-03 12:22 | Report Abuse

Price cannot go up , because there are sellers. If there is only good news, soon sellers will be out of stock to sell. No bad news , no reason to dispose share at a lost.

Posted by winwinwin666 > 2020-07-03 13:39 | Report Abuse

Now index higher and higher,better just stay in this comfort zone........

Posted by Nathan27 > 2020-07-06 13:29 | Report Abuse

Even loss making companies are trading better than straits... straits play looks like a losers play at the moment...no public interest in this stock because it is trading like a loss making company... hopefully something changes...

Posted by JK22 > 2020-07-09 09:17 | Report Abuse

So early wake up, can last till noon or not?

Posted by terence775 > 2020-07-09 14:16 | Report Abuse

Trading range increased to 180/185 now.

Posted by JK22 > 2020-07-09 16:25 | Report Abuse

Who trade ? Few Individuals hold over 50% of the stock . It depend on small bilis to pass time selling and buying amount themselves like in pasar malam.

Posted by JK22 > 2020-07-10 10:50 | Report Abuse

Bilis hoping for fast gain , cannot hold and start giving up.

Posted by Nathan27 > 2020-07-11 23:39 | Report Abuse

2019— Maybank IB tp 38.5 Sens
2020– with new contracts and port business = 17.5 sens

??????Haha ... doesn’t make sense at all..

Posted by Ron90 > 2020-07-13 08:00 | Report Abuse

Biggest issue with STRAITS -

company purposely keep on pressing the profits in every quarter, mainly for expansion programme. They keep on buying assets and strategic companies. They always keep it below 2%, but this time , worst.. only 0.5 % !!. Revenue keep on increasing exponentially to 1/4 billion..means Revenue for this year will be 1 Billion ...Imagine if 3-5% NP..this year we shall get 30 - 50 million profits !!. price should jump over 30 cents.

STRAITS will only fly after they produce more than 3 million profits. otherwise..wait lagi la..huhu

Posted by terence775 > 2020-07-13 09:10 | Report Abuse

Good morning to everyone here.
Ron90, Straits is aggressively expanding. It's very rare for a company to expand their topline so much and maintain a high NP.

Posted by terence775 > 2020-07-13 13:13 | Report Abuse

KLCI up only because of the glove stocks. Other KLCI components are sideways or dropping.

Posted by Nathan27 > 2020-07-13 18:11 | Report Abuse

Everyday investors comfort themselves by saying straits is down due to force selling.... ahaha ... disappointing... loss making companies perform better than this ...so many opportunities lost by holding this stock...

Posted by Nathan27 > 2020-07-14 13:15 | Report Abuse

True satha44.. index back to pre covid level of 1600+points... 95% of stocks already recover to pre covid prices , some even break out higher... straits was 24 sens in jan, now 17 sens...

Posted by Tkeng > 2020-07-14 17:20 | Report Abuse

Trend reversed. Will go sideways unless positive development takes place.

Posted by Oiichai > 2020-07-15 17:03 | Report Abuse

I also q 7 haha. Once get will more then 2m unit. 2nd large in my portfolio.