guys any news abt maybulk last friday price shoot up tdy fell down at a sudden what's happening is it advisable to pick up at price 2.30 as it fell 35sen
Malaysia bulk cargo (MAYBULK, 5077, the motherboard Trade and service groups) in the first quarter net profit fell 41.25 percent, analysts fear the global economic slowdown and weak demand caused by the shipping the oversupply material more severe challenges. Slowdown in shipping trade Pacific Securities, said the international dry bulk cargo transport market barometer of the Baltic Dry Freight Index (BDI), freight excess supply, shipping trade slowdown continue to weigh on the market, May 31 fell 13.6 percent to 950 points, low the psychological level of 1,000 points, more May 23, 1100. "Based on weak demand and excess supply, we believe that the Malaysia bulk freight operations face challenges this year." Shipping cost trend soft Dry bulk ship put into operation on the market pose a huge threat, huge supply growth lead to increasingly soft freight rates. As of April this year, shipbuilding orders reached 100 million to $ 9 million cargo weight of the total tonnage (DWT), the majority of the next two years and put into operation. Existing ships put into operation up to 600 million 15 million DWT, in other words, every four ships put into operation, there is a new boat. "Supply side, China's iron ore stockpiles rise, greatly reducing the demand for iron ore, so that the shipping industry struggling to survive worse; steel prices, the manufacturers prefer to buy second-hand nearest to the port warehouse, also led to China's iron ore April imports fell to a six month low of 5,000 to 7.7 million tons. Shipping freight to lower the impact of the first quarter net profit The first quarter results in line up the securities, but below market expectations; core net profit of $ 7.4 million ringgit equivalent to about 24% of the bank expected. Special items, net of $ 3.6 million ringgit in the first quarter core net profit year-on-year real tumbled 61.7 percent, lower freight rates is the main reason. Turnover falling 31.17% 7,000 199 000 1,000 ringgit, of which the amount of dry cargo operations decline 48 percent to $ 7.7 million ringgit annually, falling freight rates more than half to 10 000 and $ 793 a day. The tanker Turnover fell 36 percent to 6.7 million ringgit its freight rates fell 20 percent year-on-year to a daily 1 million to $ 77. Associated companies PACC offshore services net profit increased 3.4 times to 8.1 million ringgit and foreign exchange gains, sale of the vessel proceeds to improve the offshore vessel rental fees for profit the main reason. " Maintain a "sell" rating and target price of RM1 each 10 cents the same. Accounts audit relationship between the 2012 and 2013 financial year net profit to increase by about 1% to 7 $ 1.1 million ringgit and 1 $ 201 9.5 million ringgit.
Maybulk should be a good counter to be monitor as the chart had been seeing a good level of recovery. Besides that, as big scale liner had been seeing red, Maybulk is good enough to hedge against the odds of going into deep red with prudent management.
buy this stock...now at bottom level..Buy 1.40 and sell at 1.60.. diposal of land give financial in green colour,,someone collect this level...dont forget maybulk-CF TP 0.14 if mother going up Rm1.60 ....please refer chart on august 2012.now maybulk cf at at 0.06..
I bought maybulk at 1.60 in August 2012 when the Baltic Dry Index was at 715 and the share price tumble right after. The index has been recovering since late Sept 2012 and is at the level of 1,088 today. Hopes the share price will rise to 1.60 again, possible...?
问:怎么看马国际船务(MISC,3816,主板贸服股)? 冷眼 答:现在买入还是早了一点。船费刚起,船务行业预计会在2014年才会复苏。我比较喜欢大马散装货运(Maybulk,5077,主板贸服股)。 This could be the reason why Maybulk is moving up this morning.
Astro: good company but too high PE. Time to sell plantation stock. Prefer Maybulk to MISC (No explanation was given as to why Maybulk is a better choice) Coastal: good counter with low PE Good time to buy steel counter. Prefer Genting Singapore to Genting.
Rates to ship dry-bulk raw materials by sea are recovering after a four-year slump as Chinese demand for iron ore surged to the highest level since 2009, according to DNB Markets....read more
Bulk Carrier's future remains bleak. Commodities pricing like corn and wheat is under pressure. Even during the better time 2011 4th Quarter to 2012 2nd Quarter, commodity price surged but the baltic dry index remained low. China wants to be self sustainable and are going to build more dry bulk carrier. This will eventually put the current operators under pressure.
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....
sukagtl
51 posts
Posted by sukagtl > 2012-01-06 12:12 | Report Abuse
high chances of TA will miss its target. I Think it should go to RM2.00