Vessels transiting the Red Sea have faced attacks over the past several weeks from Yemen-based Houthis, prompting shipping companies to change routes, leading to a spike in freight rates. Longer detours around the Cape of Good Hope in South Africa have pushed ocean freight rates up to $10,000 per 40-foot container. If this goes on for three to six months the profits will again slowly approach 2022 levels, said an NVOCC.
sold a few at 1.21, I know too early to lock profit but need a few urgent cash to park back at suddenly discounted PENERGY. still got quite a lot shares here
@TiffanixLVxHermes I am not sure but I see SYGROUP relies more on baltic dry index more tha freight rate, and baltic dry index is still at lower level currently, as compared to significantly improved freight rate.
someone please correct me if I am wrong, thank you
I also considered to spread some of my capital here to SYGROUP when it's price is low, actually queued at 0.655 there, but it is HARBOUR here that falls back to lower level so I cancelled the queue there and parked back here instead
SYGROUP coming QR (december2023) yes I agree should be better than last QR because Baltic is high during that time, but the another next QR (march2024) might not be as good as Baltic already falls back to 1500 level now
will continue to speculate on red sea crisis, so far things are getting worse from what I see now
@TiffanixLVxHermes it is always better too early than too late in stock market investment (both entering and exiting). but of course precise is the best but very hardly achieved haha
I made profit (capital gain) here multiple rounds already over last few years (you can refer to my previous chats I got writen my entry / exit timing and price all records are still there)
but of course the biggest gain is this most recent one (red sea crisis) tbh I not sure it is over or not but don't want to be too greedy, as long as got good profit can leave already
Latest QR result is good though not fantastic. But being cash rich with NTA of RM1.90 and the management's latest positive outlook for all its biz divisions, what more can we say about the co's future stock performance...
@Superich agreed. this counter actually doing quite well despite bad market today (index -10 as of now). hoping to catch some more cheap stocks but ended topping up a few more at slightly more expensive price of 1.23. glad I made the right call this morning catching a few RM1.21 from who throw due to this QR. not going to holland as @fruitcake suggested, if no sure can buy more cheap stakes.
back to fundamental, like @Superich said with the QR, what I want to add on and remind you all that this QR is during low freight rate september to december 2023 ya. imagine what the next QR for freight rate december to march can be. while red sea crisis also still ongoing while truce of Hamas & Israel still not happening
since the fear of bad QR is gone now. feel safe to reenter this time for maybe higher TP if situation allowed
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Josh329
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Posted by Josh329 > 2024-01-16 15:56 | Report Abuse
Vessels transiting the Red Sea have faced attacks over the past several weeks from Yemen-based Houthis, prompting shipping companies to change routes, leading to a spike in freight rates.
Longer detours around the Cape of Good Hope in South Africa have pushed ocean freight rates up to $10,000 per 40-foot container.
If this goes on for three to six months the profits will again slowly approach 2022 levels, said an NVOCC.