Posted by Investing_Bursa > 2021-09-08 15:04 | Report Abuse

Heading lower...….lets see if go below 70 again

Posted by BursaRangers > 2021-09-08 22:12 | Report Abuse

https://klse.i3investor.com/blogs/BursaRangersTechnicalPicks/2021-09-08-story-h1570812955-BursaRangers_Daily_Technical_Picks_09_September_2021.jsp

Posted by Investing_Bursa > 2021-09-09 07:46 | Report Abuse

The Baltic Exchange Dry Index slipped for the 7th straight session by 2.4% to 3,618 on Wednesday, the lowest since mid-August. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, tumbled 4% to 4,886, its lowest in three weeks; and the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains went down 0.7% to a one-month low of 3,473. Among smaller vessels, the supramax index decreased 45 points to 3,211, the lowest since August 18th. source: Baltic Exchange

Posted by Investing_Bursa > 2021-09-09 07:47 | Report Abuse

Another 2.4% drop!

Posted by pingdan > 2021-09-09 14:42 | Report Abuse

Lucky this wallstreetrookie no bet with me. If not he sure bankrupt

Posted by risktoreward > 2021-09-09 15:06 | Report Abuse

Another one sailing without me. I queue at 0.71 lo

Posted by Lawman > 2021-09-09 15:10 | Report Abuse

Not bad... BDI 7 sessions down but share price is on an uptrend...

Posted by logicalpatiencewins > 2021-09-09 15:22 | Report Abuse

Good day to all holders

Posted by chesslim > 2021-09-09 16:43 | Report Abuse

TP rm 1.00 is no problem.

Posted by Activestream > 2021-09-09 16:47 | Report Abuse

hesslim TP rm 1.00 is no problem.

u better not be so gung ho as the overall market sentiment is soft plus there is alot of trading groups only plan to hold until 80 cents and they will dispose from what i hear. so if u have this large groups of different traders that will dispose off at this kind of price level u think it can go all the way up to rm 1 . think and see

Posted by Bgt 9963 > 2021-09-09 16:50 | Report Abuse

Steady...

Posted by SpartanXoXo > 2021-09-09 20:34 | Report Abuse

finally...waited so long...

Posted by KML889 > 2021-09-10 08:48 | Report Abuse

Another strong closing for All assets classes.
78 cents a piece, anymore takers.

Posted by Bgt 9963 > 2021-09-10 09:06 | Report Abuse

Steady..

Posted by z3fthology > 2021-09-10 17:03 | Report Abuse

correction before another bebounce

Posted by z3fthology > 2021-09-10 17:03 | Report Abuse

rebounce

Posted by KML889 > 2021-09-10 21:49 | Report Abuse

My oh mine. Looking forward for her opening and closing price on Monday. Look at those freight rates go, simply spectacular.

Posted by KML889 > 2021-09-13 14:49 | Report Abuse

Let's make some noise

Posted by pingdan > 2021-09-13 14:51 | Report Abuse

3rd round gogogo

Posted by KML889 > 2021-09-13 20:13 | Report Abuse

Woohoo.....the rally continues tomorrow. Simply spectacular.

Posted by KML889 > 2021-09-13 20:17 | Report Abuse

Simply unstoppable. Looking forward for her opening and closing price on Tuesday

Posted by mokluhanj21 > 2021-09-14 11:32 | Report Abuse

Container shipping remains the star. It now costs $14,287 to haul a 40-foot steel box from China to Europe. That’s up more than 500% on a year earlier and is pushing up the cost of transport everything from toys to bicycles to coffee.


--------------

How do u protect urself from inflation? Exposure to shipping ofcourse. I have not seen anything going 5-fold in a year since the day I was born 3 decade ago. LOL!


WALAWEH. LETS BE RICH EVERYONE :)

Posted by KML889 > 2021-09-14 12:09 | Report Abuse

Elsewhere in the world already hit if not surpassed 52 weeks high. Ayoh-MBC

Posted by Pek79 > 2021-09-14 14:23 | Report Abuse

Compare from Mar 2019 till Jun 2021,
the total properties (excluded right of use assets) is reduce RM397,129,000, and the total possible cash is also reduce RM253,821,000.
Total liabilities is reduce RM474,259,000 (RM771,027,000 - RM296,768,000)
Accumulated losses also reduce RM29,949,000.
From above actually can tell Maybulk top priority is to settle all the borrowing or payable. The total borrowing is reduce quit a lot, which is good sign, but it was achieved mostly by selling their properties.

the reduce in asset also affect the earning capability of Maybulk. Example, when the property was RM830,344,00 at Jun 2019, the revenue generated is RM68,747,000 when average BDI at that quarter is only 995; compare to Dec 2020, when property was RM467,286,000 (almost same as current), the revenue generated was RM41,993,000 with average BDI 1365, which higher than Jun 2019.

With current properties, Maybulk will start making profit when average BDI of quarter is above 1700. for the quarter of Sep 2021, average BDI of this quarter could be higher than 3600, expected profit could be double of Jun 2021 if BDI remain above 3500.

With current earning capability, it will still take long time for Maybulk to bring its total liabilities (majority is the borrowing) to a healthy level, at least 1 and half year with current profit. So I think Maybulk will not announce any dividend in this period even the profit improve a lot due to high BDI.


I hope Maybulk had predict this rebound of BDI had had purchased new ships to increase Maybulk earning capability. Anyone please update me if you have any news.

Posted by Ice Sea > 2021-09-14 15:39 | Report Abuse

You are making good point until last, if you read the q2 report, they are actually selling 2 vessels because the price of vessel has go up so much that they think is better to sell their ship than use it to do business. whether is good or not, we only can see their future earning. btw, next Q confirm earn good, dipsosal of 2 vessel and BDI at high region. Maybe eps at 5-6 cent.

Posted by KML889 > 2021-09-14 20:07 | Report Abuse

4221+58. Impressive.

Posted by sharonchong > 2021-09-14 20:19 | Report Abuse

Not bad @KML889.. going back near the previous high point..

BDI 4,163 -> 4,221 (+58, +1.4 %)
BCI 6,380 -> 6,474 (+94, +1.5%)
BPI 3,694 -> 3,756 (+62, +1.8%)
BSI 3,180 -> 3,210 (+30, +0.9%)
BHSI 1,810 -> 1,820 (+10, +0.6%)

Posted by pingdan > 2021-09-14 21:08 | Report Abuse

Hello our beloved sharonchong is back :)

Posted by sharonchong > 2021-09-14 21:55 | Report Abuse

@pingdan.. haha, I have been here all these while ma.. no worries, have been holding Maybulk since day one..

Posted by sharonchong > 2021-09-15 11:24 | Report Abuse

Jan-Mar bdi 1.3k-2.3k (Q1 Net profit 15mil)
Apr-Jun bdi 2k-3.2k (Q2 Net profit 32mil*)
July-Sep bdi 3k-4.2k (Q3 Net profit est. 90-110mil**)
Oct-Dec bdi est.4.2k-5.0k (Q4 Net profit est. 100-130mil**)

*with one off
**with one off (2 '14 ships marked up 75% for sell, prob. special div.?)

Net profit for FY21 est. 280mil (updated)

Short-term tp 0.9-1.00
FY21 tp 2.00 (updated)

Posted by sharonchong > 2021-09-15 18:28 | Report Abuse

Bulker Rates Post Biggest Daily Gain In A Decade
By Alex Longley (Bloomberg)

In an already banner year for shipping, commodity carriers just saw their biggest daily gain in a decade.

Average rates for giant Capesize bulk carriers — which can carry products like coal, iron ore, and grains — jumped by $6,700 a day on Monday, the most since 2010, as owners continue to benefit from strong demand for raw materials. The rally extended Tuesday, pushing the daily rate to almost $53,700, the highest level in 11 years, Baltic Exchange data show.

Commodity shipping companies have benefited from global economic stimulus measures boosting industrial activity as economies reopen after the pandemic. In addition, a slowdown at ports — due to recent stormy weather in Asia and China’s restrictions to limit the spread of Covid-19 — has crimped the supply of vessels.

“Economic stimulus and infrastructure spending have boosted the demand for dry bulk commodities,” said Randy Giveans, a shipping equity research analyst at Jefferies LLC. “We expect rates to remain robust during the fourth quarter,” as iron ore production ramps up, coal shipments increase in preparation for winter, and fleet growth slows, he added.

Posted by RVI123 > 2021-09-16 11:01 | Report Abuse

It is unbelievable! The freight income for a single trip from China to the US is more than the value of a new ship. The cost to build the ship can be recovered in 15 days.

https://www.youtube.com/watch?v=FQcMxyra3Os

Posted by KML889 > 2021-09-16 12:21 | Report Abuse

Yup, it's already more than four times the average TCE compared with last year.
Let's see how she fares out in 2021 and 2022 before the cycle reaches its peak.

Posted by KML889 > 2021-09-16 12:23 | Report Abuse

As Sharon pointed out, 1 buck or 2 bucks, your choice depends on your risk tolerance and risk appetite.

Posted by RVI123 > 2021-09-16 19:26 | Report Abuse

There is a shortage of ships. Shipping companies have realised this situation and place a big order of new ships. However, the ships will start to be delivered in 2023. Therefore, there will still be a ships shortage for the next two years.

Posted by RVI123 > 2021-09-16 19:33 | Report Abuse

There are two other container liners in Malaysia namely Harbour and Syscorp. These two companies will also be benefitted from the current freight rate explosion.

Posted by sharonchong > 2021-09-17 09:45 | Report Abuse

@deMusangking.. I will hold until 2.00, if can reach I belanja everyone here eat musang king..

Posted by sharonchong > 2021-09-17 10:36 | Report Abuse

https://www.thestar.com.my/business/business-news/2021/09/13/upside-for-port-sector-seen-in-h2

Posted by Swcm98 > 2021-09-17 18:47 | Report Abuse

So tough to move this counter

Posted by Syabas1781 > 2021-09-17 20:20 | Report Abuse

Sharon, I am waiting for your musang king....hopefully soon.

Posted by KML889 > 2021-09-17 20:33 | Report Abuse

Panamax and Supramax asset classes spot rate already hitting 35k and 36k USD. What else the market or the players is demanding from bulkers. Really can't figure it out. Btw 4275+60

Posted by sharonchong > 2021-09-17 20:56 | Report Abuse

Finally, BDI breaks previous new high again! Yes.. again..

BDI 4,215 -> 4,275 (+60, +1.4%)
BCI 6,304 -> 6,420 (+116, +1.8%)
BPI 3,852 -> 3,904 (+52, +1.3%)
BSI 3,283 -> 3,307 (+24, +0.7%)
BHSI 1,845 -> 1,861 (+16, +0.9%)

Posted by sharonchong > 2021-09-17 21:14 | Report Abuse

Yes @Swcm98, from my observation, this is the characteristic of this counter.. It's tough to move but when Maybulk really moves it will go up very fast.. so better collect when it is consolidating..

Swcm98 So tough to move this counter

Posted by KML889 > 2021-09-17 22:54 | Report Abuse

https://www.vesselfinder.com/news/21699-SFL-Announces-Sale-of-Seven-Handysize-Bulk-Carriers

Posted by KML889 > 2021-09-17 22:57 | Report Abuse

Guess MBC has secured a good price or not for their assets disposal of 2 supramax classes.

Posted by KML889 > 2021-09-17 23:06 | Report Abuse

https://youtu.be/ndPlnxKAyeo

Posted by KML889 > 2021-09-17 23:08 | Report Abuse

Golden ocean CEO himself talks about bulkers prospect moving forward. Great insights folks

Posted by KML889 > 2021-09-17 23:24 | Report Abuse

How you and i wish MBC can grow that Big and Efficient with low breakeven cost across all asset classes.

Posted by sharonchong > 2021-09-19 13:11 | Report Abuse

Pacific Carriers Limited (PCL) - the largest shareholder of Maybulk, is an award winning shipping company under Robert Kuok business empire.

The awards received including the prestigious SRS Ship Owner of the Year in 2019 by Singapore International Maritime Award and the Outstanding Contribution to Search and Rescue Efforts in the International Safety@ Sea Awards by MPA in 2020.

PCL was incorporated as a private limited company specialising in ship chartering and broking in 1973 and was listed on the Stock Exchange of Singapore in 1990 but later privatised in 2001 and became a wholly-owned subsidiary of Kuok (Singapore) Limited.

PCL history was closely related with Maybulk under the umbrella of Robert Kuok international shipping business. It currently owns and operates a modern fleet of over 20 vessels ranging from approximately 28,000DWT to 85,000DWT.

https://pclsg.com/

Posted by Dr. Brew > 2021-09-19 17:48 | Report Abuse

Vessel's supply constraint is a structural problem in the industry that cannot be solved overnight, which would inevitably keep freight rates at high for some time.