Posted by HengLiang > 2016-06-17 09:35 | Report Abuse

sell on first half....end of 2nd half baru buy back

Posted by cstrader > 2016-06-17 14:00 | Report Abuse

Buy buy

Posted by Josephine Ong > 2016-06-17 14:39 | Report Abuse

TP 90

Posted by cstrader > 2016-06-19 20:18 | Report Abuse

Next week 90

Posted by Piggybank > 2016-06-20 09:36 | Report Abuse

Saturday, 18 June 2016
Eye on stock; Malaysian Bulk Carriers

MALAYSIAN Bulk Carriers Bhd (Maybulk, code: 5077) rebounded from an all-time low of 51 sen on March 1 to set a new high for this year at RM1 on April 7 in the wake of renewed bargain-hunting interest before slipping back into correction mode owing to apparent profit-taking activity.

This stock was traded at 81.5 sen, up two sen, yesterday.

Based on the daily chart, Maybulk shares remained in consolidation mode, but they have fairly good potential to come out of the present condition, with trading volumes expanding positively the past couple of days, indicating investors may be making a return to this counter.

A clear breakout of the two-year-old bearish descending line, resting on the 87-sen level will signal a bullish turnaround. If that happens, prices are expected to firm towards the 93-93.5 sen band in the immediate term.


Click on image to view bigger images.

The next objective would be to challenge this year’s peak of RM1 mark, of which another decisive breakthrough would further confirm that Maybulk is indeed on the mending path going forward.

Elsewhere, the oscillator per cent K and the oscillator per cent D of the daily slow-stochastic momentum index were on the rise after triggering a short-term buy near the mid-range in mid-week.

The past week saw the 14-day relative strength index rising from a reading of 43 on Tuesday to close at the 60 points level yesterday.

In addition, the daily moving average convergence/divergence histogram advanced steadily towards the zero threshold, in tandem with the daily signal line to keep the bullish note. It had issued a buy call on June 7.

Technically, indicators are painting a pretty encouraging pictogram, suggesting a positive breakout may be on the cards.

The immediate support is anticipated at the 100-day simple moving average of 73 sen.

An additional floor is pegged at the most recent lows of 67.5 sen. - K.M. Lee

Posted by Kong Ming > 2016-06-21 14:55 | Report Abuse

run before its too late !!!

Posted by hng33 > 2016-06-21 15:43 | Report Abuse

Bought back Maybulk at 82.5-83.5

Posted by hng33 > 2016-06-21 15:45 | Report Abuse

Bought more at 81.5-82sen

Posted by hng33 > 2016-06-24 11:23 | Report Abuse

Cut loss Maybulk at 81-81.5, free up capital first

Posted by hng33 > 2016-06-24 12:23 | Report Abuse

brexit almost confrim, global market selloff, promoted portfolio to cut loss first, free up capital to protect capital as priority

Posted by hng33 > 2016-06-27 09:46 | Report Abuse

Bought back maybulk at 79-80sen

Posted by hng33 > 2016-06-27 11:22 | Report Abuse

fight back..........

Posted by hng33 > 2016-06-27 16:29 | Report Abuse

sold back at 81.5sen, lock in profit, free up capital first

Posted by hng33 > 2016-06-28 15:26 | Report Abuse

Bought back more at 81-81.5sen

Posted by hng33 > 2016-06-28 16:27 | Report Abuse

GOOOOOOOOOOOOOOOOOOOOOO

Posted by hng33 > 2016-06-29 09:14 | Report Abuse

Sold back all Maybulk at 84-84.5sen

Posted by GorengAyam > 2016-06-29 09:18 | Report Abuse

http://finance.yahoo.com/news/oil-still-heading-10-barrel-160014612.html

Good for shipping & transportation, plastics, etc...

Posted by GorengAyam > 2016-06-29 09:19 | Report Abuse

http://finance.yahoo.com/news/oil-still-heading-10-barrel-160014612.html

Posted by GorengAyam > 2016-06-29 09:43 | Report Abuse

Good to accumulate...

Posted by Piggybank > 2016-06-29 14:28 | Report Abuse

After spending a few weeks under downside pressure, sparking the sentiment that the best was already over, the Baltic Dry Index has staged a surprising recovery and is now trading well above 600 points. On Tuesday, June 28 2016, the Baltic Dry Index climbed by 11 points, reaching 627 points.

While prior weakness was attributed to a decline in capesize hire rates, a jump in panamax rates has encouraged the recent upside, although capesize rates are also seeing some strength after recent losses. On Tuesday, capesize hire rates increased by 0.66%, panamax hire rates advanced by 2.75%, while rates for the smaller vessels, the supramaxes also saw some upside.

Capesize rates are under pressure, as expected. Capesize ships transport primarily iron ore, and the iron ore market is entering its period of seasonal weakness. Iron ore demand increases in spring during China’s restocking period, and decreases in summer when building demand in China slows amid the hot summer. While capesize demand has steadied amid the rebound in the BDI since falling below 600 points, capesize demand is definitely not driving the BDI higher. Panamax demand is. Panamax ships transport coal, grains, and minor bulks including steel products, cement and fertilizers. We are currently in the midst of peak harvest season for many of the world’s major crops and this could be driving solid panamax demand and, in turn, prices. Another factor that has been supporting the panamax index as of late is surprising demand to transport coal cargoes along Pacific routes. Still, demand for the different ships has been volatile this month. In early June demand for panamaxes was seen as weak, while their was a late season bounce in capesize demand.

Posted by Piggybank > 2016-07-01 12:00 | Report Abuse

http://www.theedgemarkets.com/my/article/maybulk%E2%80%99s-dry-bulk-shipping-issue-set-ease
This article first appeared in The Edge Financial Daily, on July 1, 2016.



Malaysian Bulk Carriers Bhd
(June 30, 86 sen)
Maintain buy with an unchanged target price (TP) of RM1.04: The Baltic Dry Index (BDI), which measures charter rates across dry bulk ship sizes and routes, has been maintained above 600 for the majority of the second quarter of financial year 2016 (2QFY16) (last closing as of Wednesday was 640), above its low of 290 recorded on Feb 10, 2016. Translated into one-year time charter rates of US$4,700 (RM18,894)/day, US$5,800/day and US$6,400/day for Handysize, Supramax and Panamax vessels, which Malaysian Bulk Carriers Bhd (Maybulk) operates, the rates are still below our estimated average fleet break-even cost of US$7,500/day for Maybulk. However, we believe losses could have bottomed for the dry bulk segment in 1QFY16, while associate PACC Offshore Services Ltd (Posh) could spring some positive surprises.

A repeat of the mini rally that took place in June to August 2015, when the BDI rose sharply from 589 to 1,222, and fizzled out is unlikely to transpire. However, we are not disheartened as we believe the prospect of a sustained recovery is more important for the company in the long run.

China’s average monthly iron ore import volume has grown at a pace of +4% year-on-year (y-o-y) at 82.5 million tonnes per month in 2016, double the growth rate registered in 2015 of +2% y-o-y.

The growth in imports bodes well for dry bulk shippers as it increases demand for shipping tonnage. The positive growth comes amid concerns about China’s economy losing steam, coupled with capacity cuts in steel mills. Iron ore prices at the Port of Qingdao trading at US$54/tonne are also firmly above the low of US$38/tonne registered in December 2015.

Growth in coal imports is positive, despite the shift to cleaner energy, at +1.4% y-o-y for the average monthly imports in 2016, compared with 2015. This is a welcomed sight after a -30% y-o-y drop in average monthly import volume in 2015, compared with 2014. Similar to iron ore, a positive growth in the volume of coal imports in China augurs well for the dry bulk industry, especially considering China’s 0.13% decline in thermal energy generation. Meanwhile, thermal coal prices at China’s Qinhuangdao Port are currently at 394 yuan (RM237.54)/tonne after reaching a low of 345 yuan/tonne in November 2015, indicative of rising demand.

Maybulk has disposed of three vessels so far in 2016, with an average age of 13 years, namely Alam Budi Product Tanker (US$13 million), Alam Pesona Post Panamax (US$6.9 million) and Alam Murni Supramax (US$4.65 million). While second-hand vessel values are unlikely to revisit prior-year highs, they have certainly come off their lows. For example, the price of 10-year-old Panamax vessels bottomed at US$6.15 million in February 2016, but has since rebounded to US$7.9 million in June 2016, a swing of 28%.

Singapore-listed Posh has gained 24% year to date, riding on a recovery in crude oil prices and leveraging its young fleet, which is customised to fit the specifications required by customers. In 1QFY16, the contribution from its associate amounted to RM4 million, and we are expecting this to rise to a conservative RM5 million per quarter for the remaining quarters in 2016, based on its secured order book, which would cushion weakness from the dry bulk segment until time charter rates recover further.

Our TP of RM1.04 is based on a five-year average price-to-book (PB) ratio of 0.88 times. We believe the worst could be over for the dry bulk shipping sector and that valuations of Maybulk should revert to their five-year mean. In addition, Maybulk has taken steps to impair various items on its balance sheet, making PB valuation more reflective of current market prices and conditions. Meanwhile, dry bulk shipping overcapacity issues are set to ease with a forecast net capacity addition of +1.3%, versus a higher +2.4% growth in demand. This bodes well for Maybulk, the sole dry bulk shipper under our coverage. — MIDF Research, June 30

Posted by hng33 > 2016-07-04 16:41 | Report Abuse

Bought back Maybulk at 83-83.5sen

Posted by cstrader > 2016-07-04 17:53 | Report Abuse

Operator sold down already. Wait below 80 cents

Posted by Hubline > 2016-07-07 16:47 | Report Abuse

Maybulk to stay in the red, says Kenanga
http://www.thestar.com.my/business/business-news/2016/07/06/maybulk-to-stay-in-the-red-says-kenanga/

Posted by Hubline > 2016-07-07 17:13 | Report Abuse

Kenanga is not entirely wrong. Maybulk has been in red for 7 straight quarters.
http://klse.i3investor.com/servlets/stk/fin/5077.jsp

Posted by hng33 > 2016-07-11 16:37 | Report Abuse

Sold back at 82.5-83sen, cut some loss, free up capital frist

Posted by Thamilmuthu > 2016-07-30 11:46 | Report Abuse

Guys pay attention to the support @RM0.755. If can't maintain this support the next support will be at RM0.705. Cut loss before too late.

Posted by vc1922 > 2016-08-04 16:36 | Report Abuse

Maybulk always give money

Posted by leelc70 > 2016-08-11 17:37 | Report Abuse

hope the coming result would shows sign of mitigate loss or turnaround

Posted by Ah Ha > 2016-08-17 20:55 | Report Abuse

loss again... tomorrow will be red until rm 0.50

Posted by Diamond7 > 2016-08-17 22:02 | Report Abuse

Panic sell???

Posted by cheshirecat > 2016-08-18 00:03 | Report Abuse

Technical wise maybulk probably heading dwntrend. Cautious !

Posted by davidkkw79 > 2016-08-18 07:51 | Report Abuse

Shipping business now really become worse, Johor state lately already close 10 shipping companies. Shipping become. shit business...

Posted by leelc70 > 2016-08-18 09:44 | Report Abuse

according to f/y2015, the company already foresee the business only able to turnaround by year 2017 in these environment

Posted by Diamond7 > 2016-08-18 13:58 | Report Abuse

Oil no future.........
Look for another counter with better quarterly report!!!
Aiyah.......in the RED!!!

Posted by Zillions > 2016-08-26 10:23 | Report Abuse

http://www.economiccalendar.com/2016/08/25/baltic-dry-index-surges-gets-a-boost-from-chinas-thermal-coal-imports/

Posted by leelc70 > 2016-09-02 14:37 | Report Abuse

wah, nobody want to trade this counter, zero transaction?

Posted by leelc70 > 2016-09-02 17:06 | Report Abuse

recent quarter apperencely drag by its associate company performance plus the bulk carrier rate at low side. Now the BDI stand stable above 700 which will provide buffer to turnaround the company performance. Base on the senerio expected the worst off

Posted by kimi21 > 2016-09-13 19:22 | Report Abuse

Start accumulate it..BDI above 1000 coming soon

Posted by yinyin99 > 2016-09-15 10:46 | Report Abuse

Buy! benefir from Hanjin bankrupt

Posted by rizerlee > 2016-09-16 20:38 | Report Abuse

Hanjin and Maybulk in same business line ?

Posted by rizerlee > 2016-09-16 20:43 | Report Abuse

BDI already climbed by 2Q compare to 1Q
But Maybulk losses increased further .

Anything wrong with their existing structure ?

Posted by ZhugeNemo > 2016-09-18 13:03 | Report Abuse

The industry is definitely tough at the moment and while we can’t say the future is bright, we can say there is light at the end of the tunnel.”

Posted by rizerlee > 2016-09-18 13:49 | Report Abuse

Libyan and Nigeria are going to resume their crude oil export and further pressuring crude oil price

Might not be the light at the end of tunnel for POSH who saved Maybulk's butt previously

Maybulk is indirectly involved in O&G industry and this explain why BDI raise in 2nd quarter result in further losses in Maybulk .

Looking at BDI only is way too simple for an investor

Posted by yinyin99 > 2016-09-19 09:16 | Report Abuse

Buy before too late......

Posted by king36 > 2016-09-19 09:24 | Report Abuse

2nd quarter result in further losses in Maybulk .

I think I'll wait for it to drop further...

Posted by yinyin99 > 2016-09-19 09:57 | Report Abuse

Volume building up.... Uptrending now

Posted by ZhugeNemo > 2016-09-20 08:14 | Report Abuse

BDI 836

Posted by ZhugeNemo > 2016-09-21 09:51 | Report Abuse

BDI 865

Posted by ZhugeNemo > 2016-09-22 08:50 | Report Abuse

BDI 903