see report on starbizweek, harbour is positive about at least next few quarters result. if oil price increase freight will also increase n suplly demand issue.
Chiihow, harbour mainly servicing inter-Asia region and between EM & PM. Hence you're news on shipping volumes drop due to port congestion (and demand still remain high according to the sources) not so relevant.
"If this is the start of a minor lull, it is likely to be short-lived. Just as retailers pulled peak season orders earlier than usual to account for delays, so too the other ocean freight peak around Lunar New Year [at the start of February] is likely to start early,” said Judah Levine, head of research at Freightos. Despite the cooling, shipping costs have remained elevated since the start of the coronavirus pandemic, with transpacific freight costs around four times higher than the same period last year, and more than 10 times higher than pre-pandemic levels, Freightos’ data shows
Drewry’s composite World Container index decreased 2% to $9,669.47 per 40ft container this week.The composite index decreased 2% this week, but, remains 276% higher than a year ago.
RM200 million budget allocation for transportation costs for the distribution of essentials to rural areas especially in Sabah and Sarawak to ensure those areas receive basic necessities like LPG and Gas at reasonable price.
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....
NorthernStar
236 posts
Posted by NorthernStar > 2021-10-08 08:51 | Report Abuse
share buy back n high price? after think for a while, what is the logic behind.