USD vs MYR = 4.23 up 20sen since year 2021. Maybulk charter rate is USD denominated.

Plantation is only few sector unaffected by MCO. unlike other essential sector which still subject to limit workforce capacity, contrary, full operation plantation is facing shortage workforce.

Cash dividend payout is Real. Quarterly payout with at least 50% render BP one of the highest yield stock.

Next Q result will be much more higher as it take into account both booster, 30% higher CO price + 30% higher CPO production volune, all these are PURE net profit to bottomline.

Recurring Quarterly dividend with special dividend if disposal of it sarawak estate materilize

Oil refining profit margin is expanding, uptread now

Oil crack spread > USD 9

Please check polymer-naphtha spread now.... It have slump since June to below cost for ethylene and propylene, the two major polymer product of lctitan. Lctitan only able. To record profit in April and May, but will record loss from June onward. CAUTION

Go go go

Momentum will coming back for maybulk.

Finally, breakout 50sen, on recovery path.

Slow and steady on recovery path

Bought all Prestar at 1.10 - 1.12

Maybulk operation no subject to MCO limitation, vessel demand International driven, best proxy for boom in steel and iron exposure.

Sold back harta at 7.55-7.57

On stocks selection, a successful breakout above downtrend line hurdle at RM4.13 will lift TOPGLOV (HLIB Research-BUY-TP RM6.66) share price higher towards the next barriers at RM4.26-4.58 levels (Supports: RM3.64-3.85), underpinned by bottoming up technicals. Likewise, the strong reclaim above 10d & 20d SMAs could spur SUPERMX (RM3.50, Notrated) share prices higher towards the next hurdles at RM3.65-3.95 levels. Strong supports are seen at RM3.20-3.33 zones

On stocks selection, a successful breakout above downtrend line hurdle at RM4.13 will lift TOPGLOV (HLIB Research-BUY-TP RM6.66) share price higher towards the next barriers at RM4.26-4.58 levels (Supports: RM3.64-3.85), underpinned by bottoming up technicals. Likewise, the strong reclaim above 10d & 20d SMAs could spur SUPERMX (RM3.50, Notrated) share prices higher towards the next hurdles at RM3.65-3.95 levels. Strong supports are seen at RM3.20-3.33 zones

On stocks selection, a successful breakout above downtrend line hurdle at RM4.13 will lift TOPGLOV (HLIB Research-BUY-TP RM6.66) share price higher towards the next barriers at RM4.26-4.58 levels (Supports: RM3.64-3.85), underpinned by bottoming up technicals. Likewise, the strong reclaim above 10d & 20d SMAs could spur SUPERMX (RM3.50, Notrated) share prices higher towards the next hurdles at RM3.65-3.95 levels. Strong supports are seen at RM3.20-3.33 zones

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
Indian Covid-19 variant found in 44 countries: WHO
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

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
Indian Covid-19 variant found in 44 countries: WHO
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

Bought all harta at 7.40 - 7.41

Sold back hiap teck at 52.5sen

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

USD >4.20, the strength in USD, the higher jaks RM profit

USD >4.20, the strength in USD, the higher Maybulk RM profit

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

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.

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.

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

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.

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.

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.

Maybulk is in dry commodity seaborn business, therefore, it can be used as proxy for iron ore/coal/steel price boom in china

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

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

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

Maybulk vessel utilisation rate now is at 98%

Maybulk breakeven charter rate is USD 8676/day.

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

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%.

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%.

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

Bdi index continues strong above USD 3200

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

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.

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.

Just noticed crack spread above USD 9! Hengyuan need USD 4 crack spread to breakeven cost. Anything above cost is PURE profit margin alrdy

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.

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)

Current price 46.5sen is even lower than recent private placement 47.5sen to develop solar power plant (50MW).

1. Coal fire power 1200 MW (30-40% ownership)
2. Solar power 50 MW (100% own)
3. hydropower ? (JV with Sabah gov)