Coastal on around 0.70cents. People are not appreciate. Strait on 0.18 as well not appreciate. Avarga (SG) stock which is investment holding to straits - Gained 0.015 cents today (Closed 0.29). Once Avarga trade above 0.30cents, Straits share should above 0.24cents
Expecting Straits new investment income to be flowed in on coming QR. Will wait to see how much Straits can perform. Collect and wait for (perfect earning QR) due to booming oil & gas on last 2-3months
Looking at its price in a 5-year period from 14 Oct 2016 to 15 Oct 2021, Straits has never touched 0.30. The highest price was 0.295 on 5, 10, 12 & 22 Jan 2018.
Collect when price level is right. Time will not waiting for us if miss the plane. Since director of company is very confident in business direction + businesses already moving after MCO. Chance will should be given to Straits to proof it on next QR
we have numerous shipping company listed in Bursa Malaysia with recorded losses amid uncertainty economic especially fue to covid 19 event. However Straits,shipping company over here able to maintain profitability for 6 years. management is doing good job and lifting asset figures. Like we said before, with additional core shining gem port business on the portfolio, company should be value at estimated between 80 sen to rm1. for fact, there is no port management company listed Bursa with price below Rm1.
vessel buy showed company is committed to fulfilled recent company vision mission and goals especially on big project STS Transhipment hub to becoming biggest in asia.
@ Jayson4896 Hohoho... buy vessel again, coming quater report must announce profit is loss..
Share price dump again...
++++++++ Straits bought asset/vessel and expanding its biz. NOT like those many other companies out here in bursa , lost money qr after qr and raise fund and buying losing money companies and share and not doing what they suppose to do but acting like a investment company .
Buy another vessel = demand is there.. This time their payment term is much longer (3 years) thus wont affect QR that much.. I forecast Straits profit will jump significantly starting next year..
got untung, buy vessel..got more, buy more..one day those used vessels old olready, need to continue buy another second hand vessels again.. again and again.. profit margin very slim !!.. 1 % only... this company got no excellent future with current business strategy..old apek style. But safe la..
just wait for Banle listing, than cash out la.
this year revenue will touch 1 billion..BUT profit less than 10 million...hampeh..
ron90 bunkering biz may do constant but port business still new(last year 2020 march). it may take awhile before you can reap profit. some more sts transhipment project.
previous contract owner before straits, made losses due to mismanagment.
Good strategic acquisition to complement and provide one stop shop for their Labuan STS, Labuan Port and their bunkering business (15 kapal). no need to outsource the business anymore. All in-house. Long term view. Lots of savings for the company.
This, it added, will lead to an expansion of the enlarged group's market share in the port operation, logistics and transportation sector, as well as expand the group's offering of port operation and facility management services.
any acquisition tht will increase market share in sub industry already good enough. we have positive thought on the move. sometimes business need to pay more in order to break the barrier.
Gley, avarga only sold small portion.they are investment firm. to have them or not aboard not affect Straits. if u worry so much about singaporean, tht singaporean have Peter Lim aboard with them.u think peter lim dont think enough when they decide to invest in straits?
In general, PP for expansion is a good thing. Furthermore, they are acquiring 90% - 100% holding in shipping service provider which will be very beneficial to their core business. The company to be acquired also has a well-established portfolio in Malaysia and a profit-making company.. It is not like they are doing PP to settle their debt like many companies do.. Straits is definitely on the right track to be a giant in the sea!
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Posted by Ron90 > 2021-10-11 23:19 | Report Abuse
just 2 qr, and with MCO, revenue already 532 million, confirm this year Stratis will join 1 billion revenue club !!