Posted by xjteh > 2021-04-26 09:54 | Report Abuse

Huhu, TP: 0.75 has achieved just within short time. Expect to have some very shallow correction before continuing its pursue
22/04/2021 10:01 AM
The shallow correction at FB(0.786) looks completed. Let's move to breakthru 0.75 again, follow by 0.82, 0.865, 0.90 & finally 0.935

Posted by cherry88 > 2021-04-26 13:10 | Report Abuse

@Parksonguy, please be sensitive on what you are commenting......please be more factual. Thanks

Posted by sapurakencana > 2021-04-26 13:53 | Report Abuse

According to Maybulk’s website, its vessels are “largely tramped on the spot and period markets”.

Posted by wahd > 2021-04-26 13:54 | Report Abuse

Now MBL how many fleet Own ? 8 ? Or 10 ?

Posted by sapurakencana > 2021-04-26 13:56 | Report Abuse

That means daily freight rate not as high as investor expected. may be around (11K-12K)/day compare sport rate (19-20K).Breakeven is expected.

Posted by sapurakencana > 2021-04-26 14:02 | Report Abuse

Gen2,from where you get the above sources,Alam Kuasa with TNB work out approximately TCE @ USD30,000 pdpr.The rate is much much higher than current spot rate (20-22K)/day?
26/04/2021 1:32 PM

Posted by batu88 > 2021-04-26 20:38 | Report Abuse

https://www.theedgemarkets.com/article/freight-rate-spike-puts-dry-bulk-carriers-back-spotlight

Posted by wallstreetrookie > 2021-04-26 23:12 | Report Abuse

haha choivo scammer. Pos Malaysia, Lotte Chemical now Maybulk>

Posted by dompeilee > 2021-04-27 10:14 | Report Abuse

Chiovo & gang already distributed 2 u naive newbies already lo...u think he's so charitable 2 diligently do write up for you ppl 2 make $$$ meh? He pocket ur money first lo ...lol

Posted by Parksonguy > 2021-04-27 10:30 | Report Abuse

Fast run. Government take money out of maybulk by declare high imparement lose on the ship repair cost coming quarter report.

Posted by Parkdadguy > 2021-04-27 10:36 | Report Abuse

@Parksonguy please stop spreading rumor give evidence and think before talk. how you get the coming quarter report before anything was announce. Government held shares via Bank Pembangunan, which as at today mere hold 6.78% of shares. So do you think Gov have say compare to the nearly 50% shares of Kuok (PCL and PPB)?

Posted by princehero > 2021-04-27 10:36 | Report Abuse

Luckily I oredi sold

Posted by princehero > 2021-04-27 10:38 | Report Abuse

Trust the kuok.. they came out with explanation bcos they don’t want others to be cheated... it’s stated clearly only 8 vessels n selling 1 more soon...

Posted by theavenger > 2021-04-27 10:40 | Report Abuse

no worry i buy not because chiovo ...

Posted by sapurakencana > 2021-04-27 10:49 | Report Abuse

with good balance sheet, can sleep well.Have u see any company with good balance sheet drop 50%

Posted by sapurakencana > 2021-04-27 10:57 | Report Abuse

This is the style of Robert Kuok manage their company no matter market up or down, with the condition they can survive for another 10 years.Because he believe someday in future you will find their value.

Posted by wallstreetrookie > 2021-04-27 12:55 | Report Abuse

Careful Choivo bought around 0.4-0.5

Posted by wallstreetrookie > 2021-04-27 13:01 | Report Abuse

I criticise you not because of pump and dump tactics but you keep recommending sunset companies with high debt and low EPS growth sometimes negative. I understand that you’re trying to find turnaround opportunities but the companies you recommended have more risk factors than catalysts. Also find companies with good management is very important.

Maybulk is going to miss earnings again.

Posted by Parksonguy > 2021-04-27 13:10 | Report Abuse

Fast run imparement loss coming.

Posted by Parksonguy > 2021-04-27 13:11 | Report Abuse

Gonna declare right issue to invest in new ship and declare imparement loss for the old ship

Posted by Parksonguy > 2021-04-27 13:24 | Report Abuse

Maybulk ceo only manage 8 ship also can every quarter impairment loss. Umno eat alot.

Posted by Parkdadguy > 2021-04-27 13:30 | Report Abuse

@Parksonguy answer these question:
1. Imparement means? do you means Impairment?
2. How you come out with impairment loss. Maybulk had impaired their vessel as at 31 Dec 2020, and since then the BDI increase which means earning is increasing, so do you means vessel value will drop despite of the increase in earning power?
3. Maybulk declare right issue? When did they announce this?

Posted by Parkdadguy > 2021-04-27 13:34 | Report Abuse

@Choivo your writing is really good, with all the fact research and details info about the shipping market as a whole. All the historical info, the IMO 2020, order book etc really show that you had really done your research. Appreciate your research which help a lot of us understand more about the market. Thank you.

Posted by Parkdadguy > 2021-04-27 13:36 | Report Abuse

The culture here really like to kick off the good researcher which do their study and share free info for the people, but admire the persons who merely spread rumor without any base.

Posted by Parkdadguy > 2021-04-27 13:43 | Report Abuse

@Choivo I cant find the paper your had write for Maybulk, do you removed it?

Posted by godhand > 2021-04-27 14:37 | Report Abuse

Posted by wallstreetrookie > Apr 27, 2021 12:55 PM | Report Abuse

Careful Choivo bought around 0.4-0.5

ppl like u are da ba zai. why not share something meaningful and if u have nothing to share pls scram

Posted by chesslim > 2021-04-27 15:53 | Report Abuse

记住，当别人恐惧时你要贪婪。

Posted by wallstreetrookie > 2021-04-27 15:59 | Report Abuse

I translated your sentence. Btw everyone is optimistic about this stock. There is no fear lol

Posted by wallstreetrookie > 2021-04-27 16:18 | Report Abuse

@Parkdadguy you think people do their own due diligence potentially worth 1 million will share with you without any cost? Most stocks recommended by him are categorised as sunset industry which takes years for any tangible turnaround opportunities.

Iron ore price coal up so what. Dry bull shipping demand and spot rates also almost flat with the difference of few thousand USD. Read the book regarding “How to Lie with Statistics” and how many people use figures as confirmation bias.

If you want to use other commodities as part of your research, China recently reduced their steel output, South America iron ore exports also have not reached forecast recovery. Dry bulk shipping is heavily affected by China’s economic strength too so it’s extremely volatile and cyclical. Can’t predict economic and political climate of a country.

Only catalyst is the record low order book touted by major dry bull corporations. This point I agree. I can’t disprove this data since it’s provided by global corporation not just Maybulk. If the above situation manages to drive up demand again to reach equilibrium levels, then there will be a huge rebound for Panamax (70,000 -80,000 tons) and Capesize (80,000+ tons). Note that the supply balance of different ships (Panamax, Capesize, Handsizes) also differs so not every production sector is performing poorly.

TLDR: This has nothing to do with export or import demands but more on supply balance of vessels to carry these cargoes.

Posted by wallstreetrookie > 2021-04-27 16:24 | Report Abuse

Source: https://splash247.com/dry-bulk-orderbook-at-lows-not-seen-since-the-historic-bull-run-of-2003-to-2008/
https://www.bloomberg.com/news/articles/2021-03-22/logs-grain-loaded-onto-unusual-ships-amid-tight-dry-bulk-market
"Capesizes are normally used for iron ore and coal, cargoes that will represent about 2.7 billion tons of seaborne trade this year -- by far the biggest source of demand for non-oil commodity freighters, data from Clarkson Research Services Ltd. show.

In normal times, more niche cargoes like logs tend to get delivered on smaller vessels like Panamaxes, the largest to navigate the Panama Canal. But costs for those carriers have surged to the point where they’re more expensive than Capesizes."

Dry bulk thematic play has been ongoing for some time. This is one of the reasons that make me question why makes Maybulk late to the party?

Genko already up 100% Maybulk already up 80% YoY. Dry bulk rates growth already priced in la brother

Posted by wallstreetrookie > 2021-04-27 16:26 | Report Abuse

If you wanna bet on economic recovery, why not bet on commodities easier? Dry bulk only gets a tiny piece of the pie. Too late to bet on steel, copper, aluminium anyways

Posted by Parkdadguy > 2021-04-27 16:45 | Report Abuse

I don't bet, i research.

Posted by theavenger > 2021-04-27 16:54 | Report Abuse

CHEAP CHEAP ....BUY BUY BUY

Posted by Parksonguy > 2021-04-27 17:20 | Report Abuse

Run run. Huge imparement losess coming.

Posted by Parksonguy > 2021-04-27 17:21 | Report Abuse

Due to high revenue. This are the time for company declare huge imparement loses to cover back previous fake data.

Posted by Parkdadguy > 2021-04-27 17:32 | Report Abuse

@Parksonguy the only fake data here is your comment.

Posted by Parksonguy > 2021-04-27 17:52 | Report Abuse

This are the time to declare hugh impairment loses to fork out company money. Example: MSM ceo aka Khairil Anuar.

Posted by Parksonguy > 2021-04-27 17:56 | Report Abuse

Million of ringgit already masuk dato kharil pocket worse thing can do sack him only. Example: the ceo relative owned ship repair company charge super high repair cost due to high quality part been used that why charge super expensive.

Posted by Diamond7 > 2021-04-27 19:46 | Report Abuse

Trade cautiously...
Overvalue or undervalue?

Posted by wallstreetrookie > 2021-04-27 19:50 | Report Abuse

@Gen2 I wonder whether Capital Markets and Services Act can be applied. Bro, anti fake news act already obsolete please update yourself. Suing people for defamation is more efficient example: Malaysian politicians

Posted by wallstreetrookie > 2021-04-27 19:50 | Report Abuse

https://www.thestar.com.my/news/nation/2019/12/19/finally-dewan-negara-approves-repeal-of-anti-fake-news-act

Posted by wallstreetrookie > 2021-04-27 19:51 | Report Abuse

btw @Parksonguy why you keep spreading rumour about impairment loss? Where is your evidence

Posted by batu88 > 2021-04-27 21:39 | Report Abuse

https://www.hellenicshippingnews.com/dry-bulk-market-latest-data-suggests-china-will-keep-feeding-demand-growth/

Posted by batu88 > 2021-04-27 21:43 | Report Abuse

https://www.hellenicshippingnews.com/finally-some-backed-optimism-in-the-dry-bulk-sphere-capes-benefiting-from-chinas-hunger-for-iron-ore/

Posted by batu88 > 2021-04-27 23:00 | Report Abuse

few benchmarking:
https://finance.yahoo.com/quote/bdry?ltr=1
https://finance.yahoo.com/quote/SBLK/

Posted by dompeilee > 2021-04-28 06:47 | Report Abuse

Gov failed the ppl by NOT investigating grand corporate larcenies eg @ PrkCorp...& also all the scams @ Focus, XOX, Macpie etc etc

Posted by RVI123 > 2021-04-28 10:14 | Report Abuse

@wallstreetrookie, there is definitely no more impairment. The market is short of ships. The price of existing ships has all gone up. Actually there should be write back of the previous impairments.

Posted by Lawman > 2021-04-28 11:07 | Report Abuse

Any talk of shipping impairment is simply ridiculous in times like these when BDI is almost 2,900. It’s like saying oil companies need to impair their reserves when oil prices are at record highs - don’t make no sense whatsoever.

Shipping demand currently outstrips supply and new builds are not able to keep pace with current global new ship orders leading to a sustained increase in the BDI.

Posted by yangxi > 2021-04-28 11:25 | Report Abuse

BDI today 2889 ..

Posted by theavenger > 2021-04-28 11:34 | Report Abuse

@rvi ..agree with u ....should be write back ,,