Rofl, no one has perfect trades. But I wouldn’t wanna see my “fund manager” chasing pump and dump stocks like a rookie. Certainly an eye opener on Malaysian funds, who are they hiring? Aight my last comment on this matter, ain’t my fund so, ain’t interested either to win any online battles
Special Report: Not a sweet September quarter for corporate earnings
TheEdge Wed, Dec 15, 2021 04:00pm
THE third quarter of 2021 (3Q2021) was undoubtedly tough for corporate earnings, with the imposition of a total lockdown from June 1 that continued in various forms until end-September throughout the country.
However, RHB Research in its 3Q earnings review report considers the latest quarterly results to be broadly in line with expectations considering the consequences of the longer-than-expected Movement Control Order 3.0. Its misses-to-beats ratio improved to 1.1 from 1.4 in the preceding June quarter.
CGS-CIMB Research concurs, stating that the earnings disappointment owing to the lockdown in the Klang Valley was not as bad as feared, with positive earnings surprises coming from the agribusiness and healthcare sectors.
A quick check by The Edge on 269 companies listed on Bursa Malaysia with a market capitalisation of RM500 million and above shows that less than half or 129 of these companies recorded improved earnings in 3Q2021, while 140 reported a decline in earnings.
Improvements in earnings were mainly seen in commodity-dependent sectors, with higher crude palm oil (CPO) prices boosting the performance of plantation companies, and higher steel and aluminium prices helping companies dependent on those commodities. In contrast, the prolonged lockdown took its toll on some businesses, such as those in the retail and automotive sectors, forcing them to shut down during the period.
We look at how some of these companies performed in the past quarter.
MID-CAP COMPANIES (MARKET CAPITALISATION OF RM500 MILLION TO UNDER RM1 BILLION)
...Malaysian Bulk Carriers Bhd (Maybulk) turned in a net profit of RM113.58 million in 3QFY2021 compared with a net loss of RM5.95 million a year earlier, on the back of a 38% y-o-y increase in revenue to RM58.68 million, thanks to higher charter rates and lower operating expenses from having a smaller fleet...
wallstreetrookie badmouth this stock...called it the BEST SHORT of Bursa when it dropped into the mid-50s last yr...you follow him sure HORLAN already LOL
Worst is Capesize index, DOWN 78.1% from a 10,484 high in October, compared to Panamax, down 30.6% from its peak. Does Maybulk have any capesize vessels? ***Listens for answers*** lol
The Baltic Exchange Dry Index slipped by 7.6% to 1,873 on Thursday, its lowest since early March 2021, extending losses for a fifth straight session, amid weaker seasonal demand across all vessel segments. "The New Year starts with some degree of uncertainty, not only related to the Indonesian coal export ban but also concerning the impacts of the heavy rains in Brazil," shipbroker Fearnleys said. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, plunged 16.7% to 1,746, its biggest daily decline in four weeks; and the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, fell 4.4% to its lowest since December 22 at 2,452. Among smaller vessels, the supramax index decreased 21 points to its lowest level since April at 1,915. source: Baltic Exchange
Star Bulk Carriers' shr price reaches NEW 52-wk high of $25.72 intraday yesterday! Despite crash of BDI led by Capesize which this co. is not affected by.
The Baltic Exchange Dry Index advanced 13.4% to 1,940 on Thursday, its highest since January 12th, extending gains for a third straight session, amid strong demand across all vessels segments. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, jumped 26.7% to 1,904. "Most of the prompt tonnage that has been heading towards the South Atlantic is now covered. This together with more fresh cargo has changed the sentiment and boosted the index. However, the most interesting this week has been the significant increase in period demand and the willingness to pay up. For the coming week it looks very promising.", shipbroker Fearnleys said, referring to the capesize segment. At the same time, the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, rose 8.4% to 2,333; The Panamax is now higher than its brief 2019 peak & in a strong rising trend.
Iron ore is up 53% from its Nov '21 low, Steel is up 20% fr its low while Coal is up 75% fr its low. Demand for Panamax & Handysize ships is gonna surge! Capesize will continue to capsize but fortunately....=)
There is still no clear sign of rebound of shipping market. Q4 result maybe will out next week? can expect positive net profit this quarter as all the indexes (BDI, Panamex & Handysize) during Q4 still above profitable level. maybe can expect 20mils net profit. But the Q1 of 2022 will be challenging. if remain current level or lower it may report net loss.
Since this company now became a cash rich company after sold the 2 ships, see what is the management planning for the cash. capital return or buy a new ship (possible Capasize as it may be cheap now)?
Kamsarmax Alam Kekal - Docked at Kinura (near Osaka, Japan) Beneficial Owner: Malaysia Bulk Carriers Berhad Destination: NONE
Alam Kuasa - Docked at Port Dickson Beneficial Owner: Malaysia Bulk Carriers Berhad Destination: NONE
Alam Kukuh - Docked at Vancouver, Canada IMO: 9805685 Destination: Robert Banks Beneficial Owner: Pacific Carriers Ltd
Not one single Kamsarmax vessel owned by Malaysia Bulk Carriers Berhad is moving.
Supramax Alam Sayang - cruising along Pacific Ocean (US West Coast) IMO number: 9651034 Destination: TWTXG Taichung, Taiwan Beneficial Owner: Nissen Kaiun Co. Ltd.
Handysize Alam Suria - cruising along South China Sea to Indian Ocean IMO: 9561916 Destination: Probolinggo, Indonesia Beneficial: Tsurumi Kisen Co. Ltd.
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....
wallstreetrookie
9,784 posts
Posted by wallstreetrookie > 2021-12-14 06:02 | Report Abuse
Dry bulk carriers all over the world is flashing green. Buy the dip.