BDI-1823 still down

@Minggoon, target price is how much?

MingGoon is sifu in Salute, great!

Armada is really impressive, index down but it up. I have a opinion that it is in the uptrend now. I really wish i have extra funds to buy in...

oh no, no support..MingGoon guru mana?

BDI=2116 on 24 Sept 2019

BDI 2000 is an important supporting point.

Shipping companies can pass the surge in oil price to their clients. If the oil price is too high, they can add in 'bunker fee' in the shipping bills. So higher oil price actually has small influence to the shipping companies

No need to shout to TTB. If u are unhappy with the performance, u can vote for dissolving ICAP Bhd next year as next year is the expiration of the ICAP 15 years biz.

These few days correction have eliminated most of the unstable shorties. I think it is good for Maubulk in the long run

Powerful surge

Not bad today

Oh no, London bridge is falling down。。。

Overvalued this counter, sell.

Oh force selling.

Thank chinkeong88 and chngmenghui.

@chinkeong88, where did u get the info to get such earlier info. Is this possible to share the link for us to get faster info?

Yes, Velesto forward looking is very good now.

Loaded more lots

oh, buyers come in NOW

Cleared some unstable holders. It looks nicer now

Very very strong support. Good prospect for this counter.

BDi 2266, down from 2283.
If BDI could stand at 2000, Maybulk will sustainable above 0.70.
If it can stand to next year, then hold this share.
Of course buying shares need to take the risk

oh no, RUN

so powerful. Index drop, it up..

If u have extra fund, then this is the stock u can buy. Of course every investment do carry risk and the risk for this counter is Imo 2020 non-compliance and this non-compliance is well supported by the exporter and importer countries.

3. Is it possible to ignore IMO 2020?
As potential costs are significant, many shipowners have adopted a “Wait-and-See-Stance” to figure out how committed IMO is to the new regulation. At a February 2018 meeting, a sub-committee of IMO stated clearly„IMO has agreed to move forward with a prohibition on the carriage of fuel oil for use on board ships, when that fuel oil is not compliant with a new low sulphur limit which comes into force from 2020“. The risk of being banned from operation as well as the reputational risk forces shipping companies to strictly comply with IMO 2020.

volume up a bit, might see upward movement..

Yes, fact is important, but future prospect dominates the share price. If BDI falls, then this uptrend will fall also

No hope

oh my god, MingGoon is right

hahaha, just buy in and wait.

Good QR + palm oil price up a bit

So conclusion? Still buyable?

However, there is a possibility that most countries will ignore IMO 2020, for instant, China which is the world largest importer of raw material. If it happens, then the shipping companies which don't install smoke emission scrubbers can offer cheaper bulk rates because they don't incur such installation cost at first.

But we don't know how many bulk ships out of 17 are IMO 2020 low sulphur compliance?

Good analysis, calvintaneng, u has done a very good job and share this info with us.tq

Just add more, the price is nearly at historical low but with better prospect now.

Lowest mean safe. That is why I buy in this counter.

When u totally ignore it, don't see the price, then that is the time it will move up
Not logic but it is quite true.

Look like no interested parties here, Me along posting...

Maybe can fall back, but no one can guarantee... because of high risk high return. If it is sure win, then u can put in all your wealth and ride.

so good to u.

It looks like there is a syndicate operator in this counter.

what happened? suddenly shooting upward.

Oh no, Brent is falling to 57.5

Gong Xi Fat Choi

If provide impairment loss for Investment in Associate, Sarawak Plantation Bhd, in fact the company is incurred loss for the half year of Year 2019.

I was wondering whether the half year account for the financial year 31 Dec 2019 is complying with MFRS or not. The authority in charge should examine this issue seriously.

loading more lots. Don't afraid

Just follow MingGoon and see what happen later on...

Any bad news? I think is not not due to bad quarterly result ...