Security Commission (SC) should keep an eye on this company to check if there are any law violations.

If the management announces venturing into EV manufacturing, the price will jump.

JOE should move into EV battery manufacturing.

Next weekend, KSL City Mall, KSL Resort Hotels will be very busy.

Does anyone know what has happened to the 4700 hectares oil palm plantation purchased from Rimbunan 2 years ago. It seems that the FFB production does not increase after the purchase. Does it mean that the trees are still immature (less than 3 years old)?

I thought that MBL is a low profile, humble and practical company. It is a small company in Bursa Malaysia. It turns out to be a unrealistic company that spends whole year net profit on a toy for CEO.

MBL's net profit for FY2021 was RM8.68mil. The chairman and CEO are using the net profit to buy a toy for themselves. This is ridiculous and unethical.

The activists are ruining the glove companies. Glove manufacturing is a very competitive business. The glove companies can not afford to let the workers stay 2 persons in one room. The activists are those who don't understand business. They think it is very easy to run a business.

Maybulk had an impairment loss on vessels amounting to RM55.8mil in 4Q20. Next quarter, I believe there will be a huge writeback on the impairment as the values of vessels are currently well above their respective book values.

1 am waiting for the management's direction. Will the management place order for new ships or diversify into new businesses?

@GoHaiDuongGo, thanks for the related link.

Maybulk had purchased the remaining 50% shares of Novel Bright Assets Limited (NBAL). After that share purchase, Novel Bright Assets Limited became the wholly-owned subsidiary of Maybulk. Does anyone here know what are the activities and the assets of NBAL?

Baltic Bulk Panamax and Supramax rental rates keep moving upwards. Operators are still suppressing the price to clear the weak holders. Once the weak holders are cleared, price will move up fast and furious.

The glove hype is already over. JOE should focus on its most experienced battery business including the Electric Vehicle type.

JOE should focus on EV and conventional motor vehicle batteries.

The new guy is a representative of Jingshi or MBL?

China and India have to import more coal to replenish their low stock levels. Their domestic coal outputs are not enough to meet demands. This sudden high volume imports would fuel the demands of Capsize and Panamax bulk carriers at least for the next few months.

@Sharonchong
China and India are experiencing an acute shortage of burning coal currently. There will definitely be high demand for Panamax bulk carriers. The shortage will be there for at least the next 6 months.

I think Maybulk may have the same run after next quarter report.

Amazing to see Harbour was stagnant for about 1 month. Announced fantastic results yesterday and the hit limit up today.

Is the company going into electric vehicle batteries?

Hopefully, can limit up.

If declare bonus issue, the price would move even higher.

Country Garden's top executive is a Mainland Chinese?

Big project from its owned landbank? OPIC racing circuit in Langkawi?

Suddenly high volume!

Shortage of dry bulk ships is getting more and more serious. Freight rates is going to increase drastically.

https://gcaptain.com/bulker-rates-may-go-parabolic-says-genco-ceo/

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.

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.

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

Aluminium price is at a historical high. This stock is definitely underpriced.

Is Oriental Food running at full capacity now?

Purchased about RM120 biscuits and snacks from OFI eShop yesterday. Delivery was free for purchases above RM60.00.

Another biscuit counter is Oriental Food Industries (OFI).

New dry bulk ship deliveries into the global dry bulk shipping market are at historical lows.

103 ships in 2021
46 ships in 2022

There are further freight rate upsides in the next few years.

If the Q2 results is good, price will go up to RM1.00.

@Hafid, is OFI's eShop doing well?

Timber went up more than 100% but the company is still losing money.

@Mikecyc,

Why WTK is not on the list? What does that imply?

You said must be certified by 2022? Is it by early 2022 or the end of 2022?

Good to see TaAnn came out with eps of 9.3 sen. I expect good results from WTK.

Indonesia and Papua New Gurney are enjoying the huge benefits of the current big run in lumber price.

@JnC2391

All the logging companies in Sarawak including WTK, JayaTiasa and TaAnn have seen their logging activities being scaled down. It is partly due to the high tariff imposed on the logs extracted.

I think they can renew their leases. They can even lease more ships.

I think the leases for that two ships end at 2022 and 2023 respectively.

Thanks! Amazonboy.

https://markets.businessinsider.com/commodities/lumber-price

BDI will be trading at elevated level for the next few years. Bulk freight rates will stay at high level or moving further upwards.

BDI on Friday was 3053.

By Monday, BPMB's shareholings in Maybulk will drop below 5%.

It was very fishy that Maybulk had an impairment of RM55.8mil in the quarter ending 31/12/20. The world market price of used ships was in uptrend during that time. Why was there an impairment?