Posted by Parksonguy > 2021-05-20 11:38 | Report Abuse

5 ships with no other side income. Haiz. Cannot see the company future.

Posted by Parksonguy > 2021-05-20 11:40 | Report Abuse

I also want go interview enter maybulk directors board. Allowance gaogao and only incharge 5 ships

Posted by Parksonguy > 2021-05-20 11:43 | Report Abuse

F*ck director no approve company deviden. But approved their meeting allowance. Wtf.

Posted by Parksonguy > 2021-05-20 11:50 | Report Abuse

I incharge toilet cleaner at company ok liao but need meeting allowance also. Hehe

Posted by Lam LH > 2021-05-20 12:20 | Report Abuse

going down with volume.. please be careful

Posted by kingJ > 2021-05-20 12:45 | Report Abuse

If annual profit is 60mil then PE is only 6.2 at RM0.61?

Posted by RainT > 2021-05-20 14:18 | Report Abuse

Drop more please

Posted by RainT > 2021-05-20 14:25 | Report Abuse

Recent qtr result

EBITDA margin is 67%
Q4FY 2020 71%
Q1FY2020 47%

Depreciation over sales is 28%
Q4FY2020 49%
Q1FY2020 44%

Loan interest over sales is 7%
Q4FY2020 9%
Q1FY2020 11%

Is a improvement of financial results

next qtr shall be better more

Posted by RainT > 2021-05-20 14:25 | Report Abuse

i am hope it drop to 50 sen for me to buy now

Posted by RainT > 2021-05-20 14:26 | Report Abuse

another thing is MAYBULK operating cash flows is always positive even making losses in the past qqtr

Posted by princehero > 2021-05-20 14:47 | Report Abuse

Below 60 then I’ll plan to re enter..

Posted by princehero > 2021-05-20 15:07 | Report Abuse

It’s here.. will slowly accumulate back..haha

Posted by kkteng70 > 2021-05-20 16:30 | Report Abuse

habis lah... bulk.... drop like no body business

Posted by Godkia > 2021-05-20 17:01 | Report Abuse

Q1 2021 operating profit of RM18m which is 6 times higher compared to Q1 2020 eventhough lower number of vessels. If compared to Q4 2020, it increased by RM6m. Given that BDI is favorable, profit for this year is definitely promising.
Pls do not misled by the one-off gain in Q1 2020. Exclude this exceptional item, MBC performance is impeccable already. Lets wait for the upcoming quarter.

Posted by Parksonguy > 2021-05-20 18:29 | Report Abuse

GG liao lo. Bdi are highest within 20yrs only earn 18millons. If bdi drop ma wait close shop?

Posted by Parksonguy > 2021-05-20 18:33 | Report Abuse

Remember maybulk only got 5ship only. Which mean the company no business. Mean company business partner very low. Better sell 60sen to wilmar. Either way fire the director boards and give to Singapore management team better

Posted by Parksonguy > 2021-05-20 18:36 | Report Abuse

Maybulk no have any other business. The company income solely depends on the 5 ships. If one ship engine spoil then how?

Posted by kacang4u > 2021-05-20 19:29 | Report Abuse

7 ship operating. 2 ship is rent . Any problem ? Bank also rent shop .

Posted by wallstreetrookie > 2021-05-20 19:34 | Report Abuse

Choivo stock pattern. Almost time to buy. Prepare your cash

Posted by wallstreetrookie > 2021-05-20 19:35 | Report Abuse

TP 0.55 0.45 give me cheap shares

Posted by batu88 > 2021-05-20 21:30 | Report Abuse

https://www.hellenicshippingnews.com/weekly-dry-time-charter-estimates-may-19-2021/

Posted by sapurakencana > 2021-05-20 22:03 | Report Abuse

Today, Thursday, May 20 2021 , the Baltic Dry Index climbed by 23 points, reaching 2824 points.

Posted by jason007 > 2021-05-21 09:40 | Report Abuse

how many ship they have ? even index super bull but market keep selling. wait them at 50 c

Posted by Parksonguy > 2021-05-21 09:46 | Report Abuse

5 ship only. 1 ship rent will only available at year 2022. Another 1 ship rent will only available at year 2023. Very funny lo. That time when the rental ship arrived who know which one will sent for repair.

Posted by Parksonguy > 2021-05-21 09:47 | Report Abuse

Can conclude 30yrs company only got 5 ship. The director boards should be sack.

Posted by Parkdadguy > 2021-05-21 10:01 | Report Abuse

Parkson... obviously your English damn bad... They have 5 owned ship + 2 charter-in (rent) ship, which "to be return in 2022 and 2023" and not "available in 2022 and 2023". Do your homework and brush up your English please. Very funny lo u.

Posted by kacang4u > 2021-05-21 10:14 | Report Abuse

That's why Parkson always lose money .

Posted by kacang4u > 2021-05-21 10:21 | Report Abuse

Parkson so many branches also non stop lose money. Maybulk only few ship , can profitable .
Parkson really malu.

Posted by kacang4u > 2021-05-21 15:53 | Report Abuse

If business is good . Can increase more ship.

Posted by RVI123 > 2021-05-21 16:04 | Report Abuse

I think the leases for that two ships end at 2022 and 2023 respectively.

Posted by RVI123 > 2021-05-21 16:05 | Report Abuse

I think they can renew their leases. They can even lease more ships.

Posted by JnC2391 > 2021-05-21 18:17 | Report Abuse

Yes but the price for renewing the lease will be dependant on bdi at that time, so they may not get the full benefit of the rising bdi (assuming bdi rises). Think they used to have near 20 vessels couple of years back, now it is left with 7 (2 leased). So earnings will not go back to the past level. Also mkt cap is about USD 140m, this means mkt cap per vessel is more than USD 20m/vessel even if we just simply assume the leased ship is owned by them. This is way higher than its peers. Happy to hear any pushback.:)

Posted by batu88 > 2021-05-22 15:15 | Report Abuse

https://www.hellenicshippingnews.com/dry-bulk-market-fundamentals-support-new-rally-after-latest-overcorrection/

Posted by goody99 > 2021-05-23 22:21 | Report Abuse

Found these videos regarding Maybulk:

经验之谈: "锚定效应"在基本面分析的实战运用和注意事项（上讲/案例:马国际船务/MISC）
https://www.youtube.com/watch?v=aj1xlKXKVRU

实战案例: 散户运用"锚定效应"在大马散装货运身上容易出现的盲点（下讲/案例: [MAYBULK,5077]）
https://www.youtube.com/watch?v=eQMbPpY1-no

Posted by RainT > 2021-05-24 17:33 | Report Abuse

below 60 sen definitely will add more

Posted by theavenger > 2021-05-25 14:36 | Report Abuse

are u ready?

Posted by batu88 > 2021-05-28 00:30 | Report Abuse

https://tradingeconomics.com/commodity/baltic

Posted by dompeilee > 2021-05-28 18:10 | Report Abuse

Follow chiovo can make $ meh? Give u 1 1/2 days TOPs 2 run but if you didn't....STUCK for months...

Posted by Hafid > 2021-05-29 20:35 | Report Abuse

lock down than ship also sink

Posted by sharonchong > 2021-06-07 23:06 | Report Abuse

Honestly, I don't think so Hafid... Maybe slowly, but Maybulk is definitely going up...

Posted by sharonchong > 2021-06-08 00:36 | Report Abuse

Why I think Maybulk is a good defensive counter to buy/hold during this period of time.

Investors were selling Maybulk since Baltic Dry Index corrected after hitting its 10-year-high around 3200.

But if we observe carefully, the recent correction of BDI was mainly due to the drop of its largest component which is the capesize index (for the largest dry bulk ships, which tracks cargoes of 1500,000 tonnes & weights 40% in BDI). However, some may not realize that Maybulk in fact does not own any capesize ships, so it certainly won't be directly affected by the down trend of capsize index, other than the general perception of investors (or most of the time, traders) who sell their shares when they see the chart going down.

Many may have overlooked the panamax index (for middle size ships, which tracks cargoes of 60,000-80,000 tones) too. In fact, panamax index rebounded significantly since a week or two and currently going uptrend, almost hitting 3000 points. This will definitely benefits Maybulk panamax fleet, as all the 3 Kamsarmax (the largest & more advanced ships in Panamax family) owned by Maybulk, are relatively more efficient and young (all built in 2018 & 2019) and cover 55% of Maybulk total d.w.t. The higher charter rate for panamax will definitely give significant contributions to its coming financial results.

Maybulk also owns some smaller ships - the supramax which cover ~40% of its fleet total d.w.t. As long as supramax Index continues to maintain at 2000-2500, which is still at the high side range in the nearest 10 years frame, we can almost confirm that Maybulk will see significant raise in its coming yoy as well as qoq results.

Another reason why I give high regards to Maybulk is simply because shipping is amongst the few sectors allowed to operate during this round of MCO 3.0. Even though if lock down extended for another one or two months, Maybulk operation will not be affected much compared to other sectors as dry bulk shipping business is essential and international in nature.

That's why I think Maybulk is a good defensive counter to buy/hold at this juncture of time. Just my two cents. Hope they help.

Posted by Lawman > 2021-06-08 11:09 | Report Abuse

Good sharing Sharon and agree with you. Those monitoring the fall in BDI should not be worried as it is almost entirely due to the drop in the Capesize Index which accounts for 40% of the BDI. Maybulk does not have any Capesize ships. Kamsarmax (Panamax) and Supramax rates are still holding up high and this is reflecting in the fact that the Maybulk share price is not plunging along with the BDI drop. Q2 results should be noticeably better than Q1.

Most likely the high charter rates can keep steady or increase throughout this year due to 10 years of shipping consolidation in the global markets and the fact that the new builds take 2-3 years to come online.

Posted by sharonchong > 2021-06-09 07:08 | Report Abuse

Exactly Lawman, as investors we always need to look into details... capesize index has nothing to do with Maybulk.. just focus on panamax & supramax indexes will do.. Both are going strong at 10 years high levels..

Posted by Parksonguy > 2021-06-09 10:32 | Report Abuse

Gg. Bdi drop under 2000. Fast sell. Economy clash coming

Posted by kacang4u > 2021-06-09 11:06 | Report Abuse

Ya, parkson bankruptcy coming

Posted by batu88 > 2021-06-09 13:41 | Report Abuse

https://www.hellenicshippingnews.com/weekly-dry-time-charter-estimates-june-02-2021/
https://www.hellenicshippingnews.com/weekly-dry-time-charter-estimates-may-05-2021/

the charter rates are remain high in June for all sizes except Capesize and Maybulk do not have Capesize for now.

Posted by sharonchong > 2021-06-09 20:38 | Report Abuse

Good news! Panamax index shoots above 3000 points (+2.4% to 3065) and Supramax index ends above 2500 (+1.2% to 2508)!

Posted by sharonchong > 2021-06-09 21:01 | Report Abuse

The Baltic Dry Index rose 2.5% to 2,481 on Wednesday, after ten consecutive sessions of losses, amid supply concerns and despite China’s efforts to limit rising commodity prices. The capesize, which tracks iron ore and coal cargos of 150,000-tonnes, surged 4% to 2,488; and the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and iron ore, advanced 2.4% to 3,065, its highest since May 12. Among smaller vessels, the supramax index rose by 29 points to 2,508, its highest since May 25th. source: Baltic Exchange

Posted by RainT > 2021-06-10 16:33 | Report Abuse

@sharonchong

thanks for the good sharing !!!

your analysis make sense

Posted by sharonchong > 2021-06-10 17:07 | Report Abuse

Don't mention, RainT.. This is just my own thinking.. I also not 100% sure one..