Why buy when there is no value in this company? Poor forward PE. All catalysts come from a manipulated BDI index.
This company has less than 10 vessels and have no turnaround plans. Bad order book with low fleet capacity. No recent acquisitions/orders of new vessels. Freight rates have nothing to do with dry bulk. Slow grain trade will further put downward pressure on earnings. We are in the middle of the biggest bull run for shipping companies and Malaysia Bulk Carrier will not benefit from it.
Target price long term: RM0.15 0.5x book value. As soon as retail short-selling resumes, this should be the primary target for short-sellers.
How come so bad u still dont dare to bet with me? Come out and bet with me ur coward wallstreetrookie.. talk like maybulk so bad but dont dare to take action and bet with me.. talk is cheap.. action is gold.. key warrior is noob like wallstreetrookie.. really act like rookie
Wallstreetrookie: i already invited u so many time but u just ignore my invitation. Why so scare about betting? Since u so confident the TP of Maybulk is RM0.08? Give u money to win dun dare ah?
Wow.. Baltic dry index just hit 3.5k all time high since 2010.. it means the congestion at Chinese port due to covid recently will keep pushing upwards BDI… The rally begins … :)
The Baltic Dry Index jumped 3% to 3,503 on Thursday, a peak since mid-2010 and extending gains for a third straight session, helped by factors such as improving demand and congestion in Chinese ports, along with some weather concerns in the Pacific. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes climbed 5.1% to 4,608, a fresh record since May 12; and the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, increased 1% to its highest since June 22 at 3,550. Among smaller, vessels, the supramax index rose 30 points to an all-time high of 3,079.
Of all the biz to invest in bursa Malaysia, maybulk the safest as BDI maintain so high n might pass 4K soon… any changes politically or increase in country’s covid has no impact financially in this company.. furthermore with some lockdown worldwide means those plan to build new carrier would be delayed .. at 1st tot would be 2-3 years good run now it might be 5 yrs n above if covid keep disrupting the work with lockdown n high steel prices keep away those plan to build ..Let the good run continues n can sleep well holding this …
Maybulk definitely undervalued at the moment.. in 2017, when BDI still around 1-2k , maybulk oredi 60 plus .. now BDI all time high in a decade n definitely will more upwards in the short n medium term.. Agree with Sharon Chong’s target price …
Haha when u all excited, shark start to sell down the shares. I hope that result faster come out so can attract new bigger shark to takeover this existing shark. Current shark is useless in pushing the share price up
Congrats to all shareholders, the QR result is outstanding amid new high charter rate since 2010 due to congestion in various ports. Foresee better result in coming quarters due to ongoing strong demand and supply constraint, so just sit back and let the profit run :)
PAT RM32.05 million EPS 3.21cents for Q2 2021 compared to RM15million in Q1. Cum YTD RM47 million (4.71 cents). Average TCE/day for H1 2021 is USD14,946
Reading into the details though the Q2 is not as good as we would have liked it to be because it includes gains of RM6.6 mil (gain of vessel disposal MV Alam Sejahtera) and RM6.9 mil being gain from derecognition of a Joint Venture. Without those gains PAT would be RM18.5 mil?
Hello wallstreetrookie where are you? Hiding now ah? Maybulk lose making company? Luckily u hide and dun dare bet with me. Lose until u left underwear lo
Mixed feeling. Result as expected,good. But sell 2 more vessels to get one off gain next quarter. Can be 20mil gain for each vessel since +75% value compare to last year end valuation. Next quarter PAT can be reach 20mil + 40mil (one off) =60mil. So hold or sell?
Happy you are back Batu88. I was tempted to ask you for Q3 steer since your Q2 prediction was very accurate. It looks like a sell/pair down for me with fair value around ~80 cents for 2021 unless BDI can surpass 4,000 and stay above that level for long.
Agree with Lawman and batu88. I didn't like the fact that they are disposing of another 2 vessels at the current moment. They missing out on this once-in-a-lifetime opportunity. But then again, if it's for the mid-term I'm ok with it, the long term might not be a good place to park your capital.
Opsss ..How come sell 2 more vessels ?? If that’s the case the revenue n profit in following quarters will be lower with less 2 vessels … n the net profit around rm18 million is below my expectations… for 2 nd quarter with BDI oredi high still not really outstanding profits.. perhaps the management think that the BDI upswing won’t last long.. If that’s the case, I’ll sell next week..
Princehero: please sell all your share ya.. dun left one share.. and kiss goodbye to maybulk.. bye.. more ppl will come and dun cry when maybulk share price continue up ya :)
Next quarter asp at least 50percent more than this quarter.. but bad news is we losing 2more vessel.. but overall next quarter will definely better than this quarter.. and i guess after selling 2 supramax.. maybulk borrowing will become zero onwards
If BDI continue uptrend and reach 4000 and above (maybe even more if you look at the projection and current trend), then I think should not be a problem to hold and trust on the management strategy.
Maybulk in Q2 only record charter rate 17k/day increase 34% from 12k/ day in Q1. These increase 34% in charter rate enable maybulk to increase net profit 24%. Current charter rate is 30k/day, a massive 150% increase in charter rate, will only reflect in next Q result.
Maybulk opt to sell old supramax fleet for net proceed RM 208m is gain of 75% on book value. These gain will reflect in next Q result.
The higher charter rate of 30k/day is more than to cover disposal of 2 old small supramax vessel build in 2014l. The proceed of RM 208m will essentially turn maybulk into Net cash position, about 12sen/share.
Maybulk will opt to retain bigger vessel size panamax which is newer and fetch higher charter rate 33k/day if compare to smaller, older vessel supramax 29k/day.
Next quarter revenue least will be more than 50percent increase.. and all increase go to profiti. currently suprmax and panamax rate at more than USD30k.. go and calculate the eps.. plus disposal
Keep in mind that the supramax only go into MOU only.. hence the 2 supramax still in use as at today.. mean this 2 supramax will still contribute to the revenue and profit for the coming quarter until it successfully sold to other parties. The point is now only Memorandum of Understanding only.. all not yet 100percent confirm including the selling price..
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Posted by pingdan > 2021-08-09 09:23 | Report Abuse
Star Bulk Carrier Corp is one of the top10 dry bulk company in the world