drakoryn When the Asia-EU rates came down, it affected the performance of Harbour but when it goes back up, it has no effect on Harbour. Okie, make sense...
mahu top up also susah already now even if got cash, lesser profit margin and slight farer from bottom already, don't know if technical buy signal already triggered at this point @fruitcake
" Posted by SincereStock > 2023-08-30 09:00 | Report Abuse
cut queue sold all with profit at RM1.20 today morning open price
B3. Prospects Shipping and Marine Services Division Harbour-Link container shipping activities are facing stiff competition with main liner operators who have deployed large tonnages into Intra-Asia and East Malaysian markets. Container freight rates have been eroded drastically since December 2022 to the present level. We expect the freight rates shall remain until the year end. Domestic trade within Malaysia is also facing headwinds in freight rates and lower cargo volume. However, our tugs and barges operations and shipping agencies services are still consistent and stable and we able to generate stable revenues. Overall, based on the above, our shipping and marine services division shall be expecting lower revenue and profit for the next financial year."
last time sold at Rm1.20 when freight rate / prospects went worst
bought back recently with average cost of 1.12 when freight rate / prospect is much better
@fruitcake this is how I trade with fundamental indicators, no technical indicators required
Planned rate increases to the West Coast and to other lanes not directly impacted by Red Sea diversions like the transatlantic – which are set to increase sharply in February to at least $5k/FEU from their current level of just $1,240/FEU – may reflect that capacity is tightening across the market as more vessels are activated on the ex-Asia lanes. They may also show that longer transit times and possible schedule disruptions on those lanes could lead to some port congestion at import hubs and to empty container shortages which likewise could be felt even beyond Red Sea services.
Demand is likely increasing as shippers try both to ship further in advance to accommodate longer transit times and to get orders out of China before manufacturing slows down over the Lunar New Year holiday that starts February 10th. So the next couple weeks will likely be the worst in terms of capacity shortages and possible congestion. As demand eases in late January, the industry may have a reprieve to recover schedules, and with a typical lull in volumes following Lunar New Year, freight rates may start to ease in late February – but should remain higher than usual until container traffic returns in full to the Red Sea.
But even if rates do climb to the $6k- $8k/FEU range, these would be well below the $15k/FEU level seen for Europe and Mediterranean rates and the $22k/FEU level for N. America East Coast containers caused by the extreme surge in volumes and port congestion during the pandemic.
Elevated freight rates are leading to expectations that carrier profitability will improve in 2024. Investment bank Jeffries raised its container carrier outlook for 2024 given the change in rate conditions and the possibility that they will lead to higher floor even as conditions stabilize.
Carrier stocks are reflecting these expectations and reacting to any signs that Red Sea traffic might recover, too: ZIM Lines, which is heavily exposed to the spot market, saw its stock jump 60% in December as widespread diversions began, fell double digits when Maersk announced they’d return to the Suez, and then rebounded when Maersk suspended Red Sea service again.
Recent reports that some carriers are negotiating with the Houthis to secure safe passage for their vessels led carrier shares to drop Monday, though Maersk and Hapag-Lloyd denied they were in talks with the Houthis.
Longer ocean transits are expected to push some volumes to air cargo. Through last week, Freightos Air Index rates for Asia - N. America were level and N. Europe continued their decline that began in mid-December, and would be typical for the weeks just post-peak season.
Daily rates for China - N. Europe on Monday, however, climbed to $4.11/kg, up 38% compared to the end of the year and possibly reflecting the start of an increase in demand caused by the Red Seas disruptions.
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
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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....
SincereStock
2,394 posts
Posted by SincereStock > 2024-01-05 17:36 | Report Abuse
special dividend can also be anticipated following few good QR with the company's current financial state