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2021-07-16 11:04 | Report Abuse
Bought all harta at 7.40 - 7.41
2021-07-16 10:59 | Report Abuse
Sold back hiap teck at 52.5sen
2021-07-15 13:41 | Report Abuse
Maybulk profit is determined by
1. Charter rate per day in USD
2. No of hire day for its vessel
3. Exchange rate USD vs. RM
2021-07-15 12:31 | Report Abuse
USD >4.20, the strength in USD, the higher jaks RM profit
2021-07-15 12:30 | Report Abuse
USD >4.20, the strength in USD, the higher Maybulk RM profit
2021-07-13 16:25 | Report Abuse
Solar power still command high single digit profit margin. Although lower than coal fire power in Vietnam 12% profit margin, but still better than loss making local construction/ mall business.
Solar power is viable and earning accretive long term business with secure by 21 year concession
2021-07-13 16:13 | Report Abuse
China steel price continue strong, above 5000. Malaysia soon or later will lifed MCO.
The more case in selangor is due to containment to focus on high infection area, isolate case fast and furious to path way for recovery.
Vaccination rate is gaining momentum now in selangor as availability vaccine is very high now in July with supply kick in.
2021-07-13 16:08 | Report Abuse
The sell-off particular focus on Leon fatt if compared to other steel stocks solely due to kyy publicly slamp it. It create force for all of his follower to sold off after.
Based on date, kyy should have sold off last week, his follower start sold off yesterday and tody, therefore, it more than 3 days selling off already. The pressure should have easing now and await for rebound to in line with other steel stock.
2021-07-13 15:04 | Report Abuse
Those steel investor can use maybulk as alternative proxy for iron steel exposure. All local steel stock affected by MCO, whereas maybulk continue perform, capitalise on strong demand for iron steel price in China
2021-07-13 12:36 | Report Abuse
Middle of next month will record maybulk Q2 result which encompass the begin surge in charter rate >USD25k/day vs. USD 12k/day in Q1.
Any surpass above cost is PURE profit. You will know the real huge impact on maybulk earning next month.
2021-07-13 11:44 | Report Abuse
Dear sslee
Jaks incentive plan include 2 plan
1. Share grant 15% - free share, alrdy fully granted to director last year
2. Share option 15% - director need to pay to exercise option in accord to ioemmarket price with some discount. These plan have just recently start paetially exercise by director by paying 53sen per share. The remaining balance share option have extended now.
2021-07-13 11:15 | Report Abuse
Total lock down or politic have nil impact on maybulk which is in seaborn international dry bulk business, earning 2x high charter rate, near full hire day with 98% vessel utilisation rate and earn strong USD currency.
2021-07-13 11:12 | Report Abuse
Maybulk is in dry commodity seaborn business, therefore, it can be used as proxy for iron ore/coal/steel price boom in china
2021-07-13 11:06 | Report Abuse
If jaks able to rectify broiler unit 1, improved load operation efficiency from 80% to 95%, jaks should be able to record profit from 36m/ quarter to RM 45m/ quarter.
Since jaks Vietnam profit is tax exampted with USD denomination, jaks should report even higher RM profit with exchange rate higher at 4.19
2021-07-13 10:28 | Report Abuse
Maybulk earning is in USD, just look at exchange rate now 4.19.
Higher Fleet hire day + higher charter rate + higher exchange rate = windfall for maybulk
2021-07-12 19:00 | Report Abuse
bulk commodity is totally unaffected by total lockdown. Fleet utilization 98% + skyrocket charter rate in Q2 > USD 2500/day (100% increase compared to Q1 USD 1200/day) = windfall profit for Maybulk
2021-07-12 18:15 | Report Abuse
Maybulk vessel utilisation rate now is at 98%
2021-07-12 18:14 | Report Abuse
Maybulk breakeven charter rate is USD 8676/day.
2021-07-09 12:05 | Report Abuse
Even without dividend for next 2 year, jaks stable profit from IPP still worth at least RM 130m, translating to EPS 11sen, PE valuation <5x still is investment grade stock, albeit offset partially by loss in local operation
2021-07-09 11:57 | Report Abuse
Jaks Vietnam IPP need at least 2 year to retain its portion of profit in order exercise it option to subscribe additional 10%, rising ifrom 30 to 40%. Therefore, jaks only able to distribute dividend from Vietnam IPP after 3 year operation.
Meantime, jaks will continue report steady profit from IPP with step up increment 2 year later arising from increase stake from 30 to 40%.
2021-07-09 11:34 | Report Abuse
The Kraken field is estimated to hold reserves of 137 million barrels of heavy oil, with an anticipated field life of 25 years. At its peak, it is expected to produce more than 50,000 barrels per day (bpd).
It is no uncommon to design FPSO above targeted production. The efficiency so far is around 88%.
2021-07-09 10:32 | Report Abuse
Maintenance cost won't affect much on profit, it is time length needed for maintenance as it direct affect no of day on vessel availability for operation.
In additional, get rid of loss making offshore support vessel that often offset profit in FPSO will boost higher profit. disposal of loss making vessel also result lower interest expense that erode profit. Weakness in RM also boost higher profit from US operation profit
2021-07-09 09:46 | Report Abuse
Bdi index continues strong above USD 3200
2021-07-09 09:43 | Report Abuse
Crack spread still standing above USD 9, almost double against Q1 crack spread of just USD 4.5. Anything above cost USD4 will be profit + stock holding gain
2021-07-08 23:27 | Report Abuse
lower FPSO vessel availability is because of planned maintenance in Feb, therefore, lower down efficiency in operation.
selling 11 vessel is OPV, which is support offshore support vessel which is currently loss making. Disposal of such loss making offshore support vessel is timely to focus only on profit making vessel, FPSO and also trim down debt.
2021-07-08 22:10 | Report Abuse
Armanda is cheapest oil stock, Q1EPS 2.77sen, annulize 11sen, PE 3.8x
In additional, oil operation unaffected by MCO and profit is in USD.
2021-07-08 22:03 | Report Abuse
Just noticed crack spread above USD 9! Hengyuan need USD 4 crack spread to breakeven cost. Anything above cost is PURE profit margin alrdy
2021-07-08 20:08 | Report Abuse
Recent private placement at 47.5sen already raise up RM 130m, together with recent director share option exercise price for 53.8sen raise fund RM 38m, total fresh fund raise now RM 168m.
1. Coal power (1200MW) - completed and fully COD in Jan 2021. The profit generated will accumulated for Jaks to subscribed additional 10% equity from 30% stake to 40%. Therefore, no further is needed
2. Solar power (50MW) need RM 50m equity capital + concession back debt - RM 50m already fully equip now and awaiting former PPA signing with Tenaga by Aug 2021.
3. Hydropower and additional solar power in Sabah - Balance fresh capital RM 118m is ready to fund equity portion for any new Power plant later.
Thus, Jaks now is in much better position to bid more power plant.
2021-07-08 19:41 | Report Abuse
Jaks is on right path to concentrate on power generation concession business model now, ensure steady long term profit over 25 year (coal power), 21 year (solar power) and potential next hydropwer (25-30 year)
2021-07-08 19:38 | Report Abuse
Current price 46.5sen is even lower than recent private placement 47.5sen to develop solar power plant (50MW).
2021-07-08 19:36 | Report Abuse
1. Coal fire power 1200 MW (30-40% ownership)
2. Solar power 50 MW (100% own)
3. hydropower ? (JV with Sabah gov)
2021-07-06 10:09 | Report Abuse
Add all margin line to maybulk at 76-77sen
2021-06-30 12:07 | Report Abuse
Agreed, political sentiment is a risk, but what could be worse than current political rulling now. The worse is alrdy now, election is ultimately solution to current tussle, to settle current worse politic.
2021-06-30 11:57 | Report Abuse
Steel company still open for business, but operate below capacity. Hiaptek hardware trading still able to operate 60% capacity.
Steel price is global commodity, most of the global country are aim for recovery post pandemic. Recovery need steel to build infrastructure to spur economy. The real demand of steel is just started in China as it alrdy in post pandemic stage, the next steel demand will come from any other country on top of China, such as US infrastructure project which just pass the budget, European region and Asia will be next demand growth post pandemic
2021-06-30 11:44 | Report Abuse
I expect just need to wait for 2-3 month. Market alway look forward 3 to 6 month. The reason why hiaptek sold down despite good result is negative impact MCO will affect next Q result. But, after 3 month, MCO will move to next phase and vaccination rate to hit 40%, it will likely in next Q result pose lower profit but comment recovery in following Q due to lifted MCO impact.
2021-06-30 11:33 | Report Abuse
Director warrant conversion at 50sen now is timely to raise fresh capital for expansion.
As long as return of these new equity is higher than cash, it is earning accretive instead of dilution.
MCO affect all manufacturers, market will eventually look beyond these temporary setback.
Recovery theme will resume once vaccination rate hit 10% in mid July and moving to second phase, then vaccination rate next 40% in Aug - Sept, moving to next phase
The Confirmation is that vaccination rate will definitely increase toward next 1 - 2 month
2021-06-30 10:43 | Report Abuse
Director excerise price warrant at 50sen
2021-06-30 10:21 | Report Abuse
Bought all hiaptek at 51.5sen
2021-06-30 09:56 | Report Abuse
Locked all profit in kpower, but offset partially by loss incur in serbak.
2021-06-30 09:53 | Report Abuse
Sold all serbak at 32.5sen
2021-06-29 08:51 | Report Abuse
Once share rebound, all yesterday negative comment will disappear.
2021-06-29 08:50 | Report Abuse
Today will appoint 5 new ID.
2021-06-28 15:43 | Report Abuse
Once SD meet EPF request, selling will ease off. Hold for betterment outcome soon.
2021-06-28 15:42 | Report Abuse
EPF will protect stake holder interest albeit it also force to cut stake. EPF urge SD to appoint new auditor and new ID to resolve issue.
2021-06-28 15:40 | Report Abuse
The down pressure is easing ahead of new appointment soon
2021-06-28 15:39 | Report Abuse
EPF today urge SD to expedite appointments auditor and new ID to resolve issue.
2021-06-28 13:21 | Report Abuse
Current price 65sen, kpower have limited downside risk alrdy, back by solar business, net cash and dividend payout.
Stock: [SUPERMX]: SUPERMAX CORPORATION BHD
2021-07-16 20:27 | Report Abuse
GENEVA: The World Health Organization's emergency committee warned Thursday that new concerning variants of Covid-19 were expected to spread around the world, potentially making it even harder to halt the pandemic.
"The pandemic is nowhere near finished," the committee warned in a statement following a meeting Wednesday on the pandemic situation.
Committee chairman Didier Houssin acknowledged to reporters that "recent trends are worrying."
He said a year-and-a half after the WHO first declared a so-called Public Health Emergency of International Concern (PHEIC) – its highest alert level – "we are still running after this virus and the virus is still running after us."
MORE NEWS
Health Ministry detects another 23 Covid-19 VOCs
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Deal swiftly with new variant
Emergence of highly infectious virus variants cause for concern, say experts
For now, four concerning variants of Covid-19 are dominating the global pandemic picture, Alpha, Beta, Gamma and especially the rapidly-spreading Delta variant first detected in India.
But the committee warned that worse could lie ahead, pointing to "the strong likelihood for the emergence and global spread of new and possibly more dangerous variants of concern that may be even more challenging to control."
WHO declares variants as being "of concern" when they are seen as either more transmissible, more deadly or have the potential to get past some vaccine protections.--AFP