Quoting from the article above:

“The main function of LPA is to manage and operate the Labuan Liberty Port container terminal. Early this year, BPA held a Request for Proposal exercise to award the contract to operate the port and the successful bidder was Straits Inter Logistics Bhd, out of more than 20 companies which participated, including the incumbent operator of the port.

LPA then appointed Mega Port Management Sdn Bhd for the day-to-day operations of the port in April and since then the port has been functioning smoothly. The company had also pledged to spend RM10 million to upgrade the facilities.

The Labuan Liberty Port had been under Liberty Port Management (LLPM) since 1998.“

http://www.dailyexpress.com.my/news/156025/former-mic-mp-is-new-labuan-port-chairman/

16 quarters of profit, no dividend, no appreciation in share price, no reward to shareholders who invest money in your business... straits is a better company this year compared to last year, but investors who invested last year is still losing money till now... ahaha

Ancomlb from 8 sens went to 13 sens then limit up to 43 sens and now its 55 sens...that’s a good player... after all just a news on taking over a company.. straits gets a port and till today there’s still sellers...

Straits does not need any covid business story to push up share price... being a port operator is big buisness .. but the management/player not allowing the price to appreciate... When suria capital got port, it flew from 10 sens to 2 ringgit... When strait gets a port, goes from 25 sens to 16 sens... I think they are in the wrong gear ... straits is like a Ferrari in “reverse“ gear... good car but going backwards lol..

32 companies bid for management of Labuan port... And straits got it... if other companies got it, would have limit up by now .. all listed port operators are much higher - wesport,biport, Suria capital and mmc... why no big boys notice this counter?

Makes no difference .... this came out a month ago, still no rule by any authority to clean ships or anything... Straits just gives out good news and stories to sell their shares.. everyday it’s just one bid lower ...

Good company but player needs to go back to school.... take lessons from better stock players ...

ANCOMLB releases a story, goes limit up from 13 sens to 43 sens with 50 million volume ....
Straits releases a story, goes up 3 sens and retrace 6 sens with 43million volume....

True satha44.. index back to pre covid level of 1600+points... 95% of stocks already recover to pre covid prices , some even break out higher... straits was 24 sens in jan, now 17 sens...

Everyday investors comfort themselves by saying straits is down due to force selling.... ahaha ... disappointing... loss making companies perform better than this ...so many opportunities lost by holding this stock...

2019— Maybank IB tp 38.5 Sens
2020– with new contracts and port business = 17.5 sens

??????Haha ... doesn’t make sense at all..

Even loss making companies are trading better than straits... straits play looks like a losers play at the moment...no public interest in this stock because it is trading like a loss making company... hopefully something changes...

2017 : revenue = 33 million per quarter on average, share price 24-26 sens
2020 : revenue =262 million per quarter, share price 16.5-18.5 sens

The company has grown so much in the past 3 years, new ventures and businesses rolling in, why the share price not going up?doesnt make sense to me

Straits quarterly results explained in the article... more bunkering jobs leading to all time high revenue and one time cost to diversify to port management.... company that’s growing but share price not growing....

https://www.manifoldtimes.com/news/straits-inter-logistics-imo-2020-strategies-contribute-141-2-jump-in-revenue-for-q1/

Straits seems to be performing well as a port operator, not long till someone big can see the potential in the stock...

Important point in the article shared by satha44,

“In April this year, Straits Inter Logistics Bhd's 51 per cent-owned Megah Port Management Sdn Bhd (MPM) took over the management of Labuan Liberty Terminal.

Prunella said the MPM management had started clearing the port areas to give more space and provide operations in a clear and clean manner.

The port operator has also invested in new equipment and engaged local contractors to provide additional equipment to turn around the operations.

"If this continues, MPM will be able upgrade to make Labuan Liberty Port an efficient port," she said.“

https://klse.i3investor.com/m/blog/BullandBearfb/2020-06-16-story-h1508818663-TOPGLOV_PRESBHD_JHM_TAMBUN_STRAITS_PWERWELL_HENGYUAN_LUXCHEM.jsp
Some technical analysis on straits.....maybe this can push it up above 20 sens finally...

Sometimes too much good news is bad news .... don’t believe the good news and be cheated... everyone just wants to make money for themselves...

https://klse.i3investor.com/m/blog/midfresearch/2020-06-16-story-h1508814843-ARB_Quantum_Leap_in_Earnings_With_ERP_and_IOT.jsp

Wow, going to limit up after lunch.... no wonder green for the past few days ....

https://www.theedgemarkets.com/article/gabungan-aqrs-lands-rm37-million-drainage-contract-ecrl-project

https://www.theedgemarkets.com/article/gabungan-aqrs-lands-rm37-million-drainage-contract-ecrl-project

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3055726