Posted by chngmenghui > 2020-07-03 05:47 | Report Abuse

BDI 1823

Posted by taofulou > 2020-07-03 10:52 | Report Abuse

may i knw where u find it 1823? all sources i had is still 1803 which is yesterday BDI,
appreciate if u can share .

Posted by Pek79 > 2020-07-03 11:46 | Report Abuse

https://www.bloomberg.com/quote/BDIY:IND

BDI 1823

Posted by taofulou > 2020-07-03 11:57 | Report Abuse

@pek79, thanks for your reply, i check bloomberg usually update bdi around 11am, but i wonder the guy above me, posted this at 5.47am in the morning

Posted by chngmenghui > 2020-07-03 16:31 | Report Abuse

www.cnss.com.cn

Posted by chngmenghui > 2020-07-03 16:31 | Report Abuse

Got it?

Posted by Investing_Bursa > 2020-07-03 16:54 | Report Abuse

Chngmenghui - Thanks for the info !

Posted by xjteh > 2020-07-03 16:56 | Report Abuse

thank you for your sharing. it is really an informative webpage, 长知识了

Posted by chngmenghui > 2020-07-03 16:57 | Report Abuse

Welcome

Posted by greenland > 2020-07-03 21:27 | Report Abuse

Stay invested.. the BDI may go for some correction but don’t worry.
China companies have stopped selling spot for coal. The shortage is quite bad. As such, there will be continuous import of coal and coal is transported by dry bulk.
The shortage is ha d in hand with the current boom in China’s steel industry. You need huge amount of coal to fire up the furnaces...
also, coal is still a big part of China’s energy source. Winter is approaching soon and demand for coal for power generation/ heat will soon start..
The demand for energy in the west for winter will also help the crude prices..

Posted by taofulou > 2020-07-03 22:21 | Report Abuse

to chngmenghui, thanks for the info source. i googled a lot also couldnt find this.

Posted by chngmenghui > 2020-07-04 05:40 | Report Abuse

To Greenland,tq for ur infor.BDI 1894

Posted by greenland > 2020-07-04 10:40 | Report Abuse

Hi everyone, you all can get lots of world business info from shipping industry.
You can try google Hellenic shipping..
Few years ago, I decided not to listen to what the analysts report .. and prefer to do research from actual news in industries that we invest.
For my palm oil portfolio, I follow indian vege oil association And the US soy news because palm oil move in tandem with soy oil as both are most consumed in the world and sometimes used interchaeably.. India is worlds largest importer of palm oil far exceeding China at 2nd spot

Posted by greenland > 2020-07-04 10:41 | Report Abuse

Chngmenghui .. thank you very much for your sharing of the link and I hope all in this forum can share and benefit everyone.. let’s keep it positive and productive

Posted by chngmenghui > 2020-07-04 11:30 | Report Abuse

Yes

Posted by Albukhary > 2020-07-04 11:45 | Report Abuse

thanks all for the informative website.

Maybulk is a very good company. current price 44sen consider still at low side. It can back to 60-70sen in mid term.

Posted by greenland > 2020-07-05 19:17 | Report Abuse

Albukhary.. very true. It is now trading at a PE of 2.31 based on latest qtr results.. and for a growth sector in this economic recovery though slow and cautious, I feel that there is enough momentum to ride it through to Dec .. it’s moving very cautiously but definitely on the UPTREND.

Posted by xjteh > 2020-07-06 14:38 | Report Abuse

Maybulk may take a while to consolidate then ready to go to 0.61, I will wait.

Posted by cicakman > 2020-07-06 21:25 | Report Abuse

Tommorow can move very high if can gap up.

Posted by chngmenghui > 2020-07-07 08:13 | Report Abuse

U hv got the website.still need me to up date the BDI? Haha

Posted by Diamond7 > 2020-07-07 10:05 | Report Abuse

Wait....wait for 70 cents!!!

Posted by Nepo > 2020-07-07 11:01 | Report Abuse

BDI=1956

Posted by cicakman > 2020-07-07 19:26 | Report Abuse

2200 is coming.

Posted by Investing_Bursa > 2020-07-07 20:11 | Report Abuse

Chngmenghui_ we still need you to update as you are the key person here ....hahaja

Posted by chngmenghui > 2020-07-08 09:42 | Report Abuse

Haha

Posted by Diamond7 > 2020-07-08 12:33 | Report Abuse

Now can easily sail tro 50 cents!

Posted by BonZema72 > 2020-07-08 14:11 | Report Abuse

undervalue counter

Posted by cicakman > 2020-07-08 17:56 | Report Abuse

PDZ,MISC,SEALINK ,MAYBULK sailing.

Posted by chngmenghui > 2020-07-09 05:14 | Report Abuse

BDI 1849

Posted by greenland > 2020-07-09 05:43 | Report Abuse

Nothing to worry.. as the BDI tracks rates of all classes Capesizes, Panamax, Supramax vessels. Capesizes rates fell last night but Panamax and Supramax classes still increased.
Usually Capesizes vessels (170,000 tons and above) carry iron ores and coal..
MAYBULK does not own any Capesizes .. according to latest annual report.
It owns Supramaxes and Panamax which usually ferry soy, grains, sugar... all in demand currently.

Posted by greenland > 2020-07-09 05:45 | Report Abuse

https://www.hellenicshippingnews.com/baltic-index-falls-on-lower-capesize-vessel-rates/

Posted by thesteward > 2020-07-09 08:12 | Report Abuse

Greenland is right

Posted by chngmenghui > 2020-07-10 05:26 | Report Abuse

BDI 1810

Posted by greenland > 2020-07-13 09:43 | Report Abuse

Rates for Capesizes are in a correction phase..which may be a while but from the past trends over the years, it is just another healthy phenomena.
Going back to fundamentals, the market is picking up steam in China and many of the bulk carriers are full.

Posted by winmal > 2020-07-13 14:51 | Report Abuse

demand more than supply .. rate will gradually going up

Posted by vcinvestor > 2020-07-13 15:06 | Report Abuse

i think everyone here needs to keep one eye on the economies that are experiencing rapid COVID case expansions i.e. India, US, Brazil because if these economies (re)enter shutdown, BDI is gonna collapse overnight again.

Posted by chngmenghui > 2020-07-14 05:27 | Report Abuse

BDI 1792

Posted by greenland > 2020-07-14 07:04 | Report Abuse

Surely the pandemic return does not help in recoveries. Fundamentally Maybulk is very much in tact just like other well managed companies in KLSE.. let’s just stay invested and take a longer term view. I made mistakes in the last 2 crashes 97/98 and 08/09 where I chickened out in small uptrend recovery shocks..!
Maybulk is on the uptrend and the daily high vol over past month with low volumes on each correction suggest there are institutional interests...

Posted by Nepo > 2020-07-14 10:57 | Report Abuse

Hopefully what greenland said is correct....successful investors need patience. There is no other way to stand straight in stock market except insider info..

Posted by alexsee > 2020-07-14 16:19 | Report Abuse

bought back maybulk at 0.41.. wait another at 0.35 if dow jones big drop tonight

Posted by xjteh > 2020-07-14 17:32 | Report Abuse

Maybulk completed its first wave up from 0.18-0.505. The fib retracement entry level is 0.435, 0.380, 0.345. May try to collect at these level before its launch of second wave up with TP: >0.65 by Sep

Posted by chngmenghui > 2020-07-14 19:02 | Report Abuse

Q,.405 but couldn't get

Posted by chngmenghui > 2020-07-15 05:57 | Report Abuse

BDI 1742

Posted by Yuan Mayjune > 2020-07-15 20:02 | Report Abuse

May I know where to get BDI index??

Posted by chngmenghui > 2020-07-15 21:39 | Report Abuse

Refer to my post on 3/7/20

Posted by greenland > 2020-07-16 06:20 | Report Abuse

Yes.. Chngmenghui shared with us cncc.com.cn.. it’s very updated

Posted by chngmenghui > 2020-07-16 06:25 | Report Abuse

BDI 1696

Posted by greenland > 2020-07-16 06:31 | Report Abuse

BDI is a general index covering the Capesizes, Panamax sizes, Supramax sizes .. and the current decline in BDI is caused mainly by the Capesizes rates as the import of iron ores from China has slowed down and iron ores usuallynuse the Capesizes vessels 170,000 mt and above

Maybulk does not own any Capesizes vessels. It has Panamax, Supramax, Kansamax which are smaller and can mostly soybeans, grains, coal and sugar..

So, if you analyse the cnss.com.cn , you will see indexes for Panamax, Handymax,
Supramax is on the uptrend .. surely because economies are opening and countries are importing essentials.

We should instead buy in when it dips below 0.40... it’s a cheap buy. Don’t forget the PE ratio is only 2.81 from last Qtr results.

Shipping business is a longer horizon business... The industry has gone through some tough times before the Covid crisis and many vessel owners have sold or scrapped their vessels. However, if you look at the annual report, Maybulk has instead took delivery of 2 more new vessels in 2019..

Above are just my views .. just want to share a good opportunity, nothing else...hope will not be responded in any negative manner .

Posted by chngmenghui > 2020-07-16 08:37 | Report Abuse

Tq for ur good analysis

Posted by greenland > 2020-07-16 08:49 | Report Abuse

Welcome.. let’s make this forum productive, friendly and beneficial to all.