I've seen some concerns about Ming Yuan's technical prediction..
I don't know about you, but as an investor, I don't really care about how Ming Yuan predicts Maybulk (might challenge 0.86 etc..) Even Maybulk drops next week, this will not change my holding and confidence in it.. In fact I've been saying: "don't rush in", "don't shoot up", "go slow and steady", "healthy correction - great!", "low price, great!", "we don't want to attract too many traders.." etc.. Why afraid of Ming Yuan to bring down the price? If it happens again I bet traders will sell (professionals cutloss).. then it's a great opportunity for us to buy somemore (As what I did at 0.67 during the last correction..) So, if you think Ming Yuan can bring down the price, maybe we should thank him instead..
Sea freight is highly volatile in nature even MBC has acknowledged that. Knowing in that background, really not sure whether or not MBC will enjoy the current bullish FFA. This coming Q2 will definitely shed some light
Forecast for Q2 2021: Hire day for Q2 should be around 580 days (with 7 vessels) with average TCE 20k USD. Revenue after net of cost of vessel = 20k x 4.15 (Currently exchange) x 580 = RM48mil , operating cost should be around RM20mil+. Net profit is expected to be around Rm23-28mil
chief999, that one is refer to Q3 result. Also, estimation price in those link should be spot price. So have to use 2-3months spot price to estimate coming quarter result. i.e for Q1 result is using end Jan for estimation. Q2 is using end April. Also, dont think that selling vessel make so many money, just 1 handysize with almost 10 years old. Assume no gain/loss in this transaction.
A good reading to share... it's an article showing huge potential of dry bulk shipping industry in which its charter rate was once going up for seven consecutive years and reached 17.04 times of it's cost price..
@Nam Uni.. I'm kind happy he's here so that the price won't shoot up.. if you know what I mean.. I hope the price can move slowly.. it's fine even if it needs some healthy correction..
In other words, I'm looking for more stable price movement in a medium-long term investment..
Now the dry bulk shipping profit is 2-4 times of its cost, historic high was once hitting 17 times after moving up for 7 golden years in dry bulk industry (01' to 08')..
My friends..it took 7 long years for it to reach 17 times.. So definitely not a short term trading if you want to win big.. (For me, big means a few hundred %)
I am not that greedy to hope for 17x la.. Look at other industries that seriously affected in this pandemic and extended lock down season.. if can get 5-6 times is consider super duple bonus already.. so give yourself more patience.. let's see how Maybulk performs in the coming 2-3 quarters.. let's hope for the best my fellow friends..
morning the jinx starting already hopefully don't fall back below 75 that was the breakout indicator !!!! really curse that fella waited almost 1 over plus for a breakout and he comes spoil the party , really a prick !!!
don't every day slow lah can or not if got breakout sprint a bit but today I see like dip abit around this price 76 to 75 is still okay don't fall back below 75 that is the key point !!!
as long as don't fall back below 75 we should be okay if not I will be taking whatever profit I can get first SMTM (See money take money) !! that's the general feeling for our soft market !!!
chief999 aiyo... u so short term... Sharon and musangking said this is slow and steady type investment... ,
This year I throw that investment strategy away first don 't really helps in our current market scenario, need to SMTM , if not waiting here forever for nothing if it don't really want to move can take the profit money to put other counters which their engine only starting , JFTECH is one of them if u see today's news from star about it !!!
Aiyo hold for 3months to 6months, why care about the price today? U not selling today.. up or down for 0.005 sen won't affect you also. It is just a paper gain or loss for you
oklo.. maybe i first day know about i3.. all big kaki, contra kaki.. treat million like nothing. Activestream, sharonchong all rich ppl.. im just a small potato here T_T.
Activestream... I had a look at your JFTECH. Interesting company overall with their many Patents and 5G related business. BUT with a market cap of RM1.3billion as of today and only RM27mil revenue and RM8million PAT for 2020. Even if they grow at 100%+ yoy compounded which current 9month earnings show they have already reached the Moon at current valuation. High expectations already price at current levels so more downside than upside in the event they are unable to meet those high expectations.
pingdan oklo.. maybe i first day know about i3.. all big kaki, contra kaki.. treat million like nothing. Activestream, sharonchong all rich ppl.. im just a small potato here T_T.
Lol I small potato only that's why must trade fast ones that's why hahaha.
Lawman Activestream... I had a look at your JFTECH. Interesting company overall with their many Patents and 5G related business. BUT with a market cap of RM1.3billion as of today and only RM27mil revenue and RM8million PAT for 2020. Even if they grow at 100%+ yoy compounded which current 9month earnings show they have already reached the Moon at current valuation. High expectations already price at current levels so more downside than upside in the event they are unable to meet those high expectations.
true but buy in is just for trading purpose not really to invest can't use this kind strategy lately with this kind of market sentiment first resistant will be 1.58, best of luck
other counters like jhm, highech, inari ,pestech also up.
chief999 aiya... u dont know how big Activestream play... maybe in the 10s of millions... 0.005 a lot for him ler...
not lah its not about the 0.005 its okay for me , what I means is it must no break down a certain price when it has make a breakthrough if u know how to see the momentum of a stock price , so the breakthrough was the 75 cents 1st tp that i mention so thank fully today it did not breakdown and close at 76 so tomorrow also if it did not really move up or hover around this price I'm still okay, but of course I'm hoping for a up price for the BDI exchange tonight, so tomorrow we can continue the march towards the next tp that is 79, cross that and 84 will be next then after that will the wan dollah which musang king so dream off. cheers
The Baltic Dry Index fell 1.9% to 3,224 on Monday, its lowest since June 24th and extending losses for a fourth straight session. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, slumped 4.6% to a more than three-week low of 3,349 on lower demand. Also, the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grain, went down 0.7% to 4,241. Among smaller vessels, the supramax index was flat at 2,935. source: Baltic Exchange
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3224 views | 3 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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chief999
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Posted by chief999 > 2021-07-03 18:09 | Report Abuse
cannot lar... Accumulated loss is RM168mil... one quarter cannot wipe off... need many quarters lor.... plus sell 1 more ship....