LaoTze... The Market is not exactly efficient. I bought shares in Vietnam in a company who's earnings kept going up and up yet share price gradually fell down and down. I did many hours of research and pumped in considerable amount of money as I believed sooner or later valuations will get too cheap and the price has to go up. Kept the shares and added since 2018 and only now (end of 2020) it started to rocket up making the long wait well worth it.
Point is that correlation between share price valuation and earnings is not in real-time. It takes time for the market and investors to catch up on certain counters, especially less well known/popular ones.
sharonchong My target to earn 100%-150% won't change even though people selling down because I know all these are temporary.. I won't let go my share.. I know many have already sold.. but it's ok.. I know what I'm doing
Don't worry my dear I'll be back when I see the price stabilize again, cheers.
Something for us to ponder.. if so many loss making goreng stocks/penny stocks in Bursa can go up 500%-1000%, what is so difficult for a profit exploding Maybulk to move 100%-150% in 6 months time? Think about it..
Any index goes up and down, including BDI.. So as long as the figures maintain at the high range, Maybulk profit for coming quarters will rock..
From my study, Maybulk will have an exploding year if.. Baltic Panamax Index maintain between 3k-3.5k Baltic Supramax Index maintain between 2k-2.5k Baltic Handysize Index maintain between 1k-1.5k
Confidence and patience are two important factors for us to be successful in our investments..
Because shipping companies are garbage and plagued with poor ESG scores?
Also, if you insist on investing in shipping companies, please buy the container companies with highly diversified shipping lines. There is currently no opportunity on Bursa. Explore other markets for Maersk, Evergreen Marine Corporation (Taiwan), YangMing.
However, the train has left the station. The time to play shipping companies was February 2021 - May 2021
Can't give a crap about Baltic Index. It is virtually impossible to keep up with inflation data unless you are a full time economist. Most people here I can assume do not have an advanced degree in economics. It is easy to read financials and analyse statements but making predictions about an index is a fool's errand
@wallstreetrookie.. Sorry I don't think so as I have my own points of view.. No offence but let's see in 6 months time.. When everyone is shouting: "Dangerous!", "Take your 5% profit and go", "Cut loss" etc.. I want to go the other way - I will ignore the noise and hold for 2 quarters, I am still confident in 100%-150% target profit in Maybulk.. I can't be 100% sure, but hopefully I can prove myself right at the end of 2021..
Eh sharonchong no need argue with this tin kosong.. he dun dare to short one.. he come in here kacau so he can buy at cheap price.. save energy with him.. once share price up again he will hilang again.. just like last time
U want buy container go buy la.. dun come dry bulk kacau.. aiyoyo.. talk about ESG score.. Robert Kuok, our richest man in Malaysia is the ESG score for Maybulk liao..
@Wallstreetrookie your trading thesis (can't call it investment) lacks substance. Firstly, whether or not a company has high ESG score is not a prerequisite to company growth or share price increase. Kudos to your emphasis on ESG though. If you were so concerned about ESG you would be busy on the Maybank/Public Bank/MYEG/DIGI etc etc forums..
Secondly, claiming that you are not bothered about BDI when the BDI basically defines the performance for a counter like this only shows that you really need to understand what is important. Thirdly, inflation data...if you have read the comments here properly you would understand the the rational behind the high conviction for the Batic index outperformance in the near/mid term.
wallstreetrookie maybe you want to study more about the dry shipping industry before commenting on their ESG. There's a regulation by International Maritime Organization 2020 on a certain amount of sulphur content in marine fuels, which is a maximum sulphur content of 0.5% in marine fuels globally. This is to reduce air pollution created by the dry bulk ships.
In the case of Maybulk, all their ships had already use exhaust gas cleaning systems or “scrubbers”, which “clean” the emissions before they are released into the atmosphere.
Plus, they sold all of their old fleets, and only kept ships that are younger and more eco-friendly.
The only risk I can think of for Maybulk is China and/or US slowdown in their infrastructure spending (or they used their reserves eg China used it to cooldown steel price). Are there anything else that I may missed?
Emm I only mentioned ESG in one sentence. ESG is just one of the many factors that constitute bearish thesis. If you cannot accept bear case, it is totally fine. My price target for Maybulk is 0.08 will keep shorting it down.
See this is what I don't get. Your bullish case is devoid of substance in my view. Maybulk bulls keep bringing up the BDI index and external factors. You don't need to be an accounting wizard to know that Maybulk is in deep financial trouble. One of the most indebted shipping companies. Not to mention the weak cash flow despite high asset prices.
good... wallstreetrookie... please all in your short.. remember to email or post your short position to us ya... dun talk only...nobody will believe you to only leave a comment here.. do your action and show your proof. Show how bigball u got... and see u in hell :)
This is the normal tactic use by shark to force out ur share.. if u cannot tahan just sell it.. if not how he collect the share.. still got 1and half month the most to wait for quarter result.. up to u want to wait or now.. dun wan then just sell it off
Right off course. Venting frustration and putting ideas into action is two separate things. Hate to see this outright laggard in portfolio. Ya right, time will come, so they say.
Malaysia has no opportunity to capitalise on shipping.
It used to be MISC Berhad. However, in 2011, this happened
MISC Berhad (MISC) today issued a statement through the local stock exchange, Bursa Malaysia, announcing its decision to exit the liner business (container shipping) via cessation of the said business.
The Company, in its announcement to the exchange, explained that the radical change in the operating dynamics of the liner industry which is driven by high operating cost and rapid changes in global trade patterns is challenging the validity of today’s operating models. With the pursuit of size being the centre of this change, leading operators are now testing the size limits of vessels in order to maximise economies of scale and realise greater cost efficiency. This push for investments in larger vessels comes at a time when operators are struggling to stay profitable with a depressed freight rate environment, which is not expected to improve any time soon due to the continued heavy delivery of new container vessels.
What a wasted opportunity
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Posted by Lawman > 2021-07-13 23:12 | Report Abuse
Maybulk = HODL for 6+ months ....easy