Many online gurus have shifted their trading to other sectors which i personally think is super good for big profit shipping companies like maybulk, just buy and hold for at least one or two quarters and Maybulk may surprised you like what Harbour did..

I was refering to Freightos Baltic Container Index (FBX) you may checked last Friday index published by Baltic Exchange.. Not sure if we are refering to the same index..

KML889 FBX at 9800 ??? bila ??? Last closing at 10517 pts down 3% je. Jangan mislead le.
03/10/2021 2:48 PM

FBX retreated from 11,000 to 9,800 but BDI has gone up from 3,200 to 5,200... which can be translated as charter rates for container shipping adjusted for about 10% while rates for dry bulk shipping went up for 60%...

"The Baltic Exchange Dry Index went down 0.6% to 5,167 on Thursday, but not far from a 13-year peak of 5,197 it scaled on Wednesday."

Actually it went down yesterday, but i think it's good to have some adjustment after up for so many weeks.

BDI has gained 53% in the third quarter of 2021, so for me it's good to have a healthy retreat.

It's a historic day my friends! BDI breaks 5000!

BDI 4,962 -> 5,197 (+235, +4.7%)
BCI 8,322 -> 9,018 (+696, +8.4%)
BPI 4,030 -> 4,037 (+7, +0.2%)
BSI 3,373 -> 3,379 (+6, +0.2%)
BHSI 1,943 -> 1,957 (+14, +0.7%)

@RVI123... exactly, Maybulk coming results confirm far better... that's why buy now and wait for November...

@z3fthilogy.. I estimate the up trend in shipping sector is going to continue for some time, try jump up back to the ship if you want..

As the largest dry bulk shipping company in Malaysia, I think maybulk coming quarterly results will be even more "explosive" than Harbour..

Some predicts the good days in dry bulk shipping will continue for at least two years..

****13-year new high****

The Baltic Exchange Dry Index extended its rally, advancing 5.2% to 4,962 on Tuesday, its highest since September of 2008, supported by factors such as ongoing shipping constraints and higher demand for commodities. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, jumped 9.5% to 8,322, hitting its highest in 13 years; and the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, went up 0.2% to 4,030, its highest since July 12. Among smaller vessels, the supramax index, added 10 points at 3,373.

As you can see, during last few months up down so many rounds in which a lot of investors already "washed out" by Maybulk 'operators', now mostly left are long term investors like us who target maybulk at high prices (For me, it's 2.00). So, there's not much resistance now, compared to last few months. A good chance? Think about it..

My dear friends, by looking at both uncertainties from our country and overseas.. don't you think shipping is one of the safest heavens in the current investing atmosphere?

BDI breaks new high again!! Now approaching 5000..! If tomorrow can get below 0.70 just buy and keep.. Rewards will come sooner or later..

BDI 4,717 -> 4,962 (+245, +5.2%)
BCI 7,600 -> 8,322 (+722, +9.5%)
BPI 4,020 -> 4,030 (+10, +0.2%)
BSI 3,363 -> 3,373 (+10, +0.3%)
BHSI 1,930 -> 1,943 (+13, +0.7%)

Whereas for long term investors, i think below 0.70 are really good opportunities to collect..

@Iklee1996.. totally agree. Tomorrow very crucial. If go up can be a very strong pull..

Just try not to play contra, operators normally will make you sell low...

@yangxi.. I think in November we shall see a clearer picture already..

BDI breaks new high again... Just buy and keep.. Maybulk will eventually fly...

BDI 4,644 -> 4,717 (+73, +1.6%)
BCI 7,393 -> 7,600 (+207, +2.8%)
BPI 4,012 -> 4,020 (+8, +0.2%)
BSI 3,359 -> 3,363 (+4, +0.1%)
BHSI 1,925 -> 1,930 (+5, +0.3%)

The Baltic Exchange Dry Index rose 2% to 4,651 on Thursday, its highest since November of 2009 and extending gains to a fifth straight session, amid ongoing shipping constraints and an overall rebound in commodities demand. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, advanced 3.3% to 7,438, also hitting its highest in 12 years; and the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, went up 0.8% to 3,994, its highest in more than ten weeks. Among smaller vessels, the supramax index, advanced for a sixth straight session, adding 11 points to 3,349, its highest in three weeks.

@IIoydlim.. if Maybulk is as big as those drybulk companies in Hong Kong, Taiwan, US and Europe which earn 1000%-2000% of their normal yearly earning then maybe.. (Maybulk should be 10.00 by now if that happens).. with current situation, I don't think will kena windfall tax la..

Some predict bdi will extend uptrend for another 2 years as this pandemic is unprecedented.. and one new ship takes 2-3 years to build.. if that happen 2.00 isn't impossible.. let's see

For me, this is too small and too far from Lehman Brothers..

Only in your dreams you can buy cheap houses in major cities like Shanghai, Beijing etc etc..

I also top up. Too deep the fall. Also the China company got nothing to do with Malaysia stock, and trust me don't you expect any fall in property prices in China BIG cities.

Is it an opportunity instead?

The Baltic Exchange Dry Index went up 0.7% to 4,304 on Monday, its highest since November 24th, 2009, lifted by gains across all vessel segments amid ongoing shipping constraints and stronger demand for commodities. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, rose 1% to 6,487, a peak since December of 2009; and the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, advanced for an eighth straight session, adding 0.3% to 3,916, its highest in over two months. Among smaller vessels, the supramax index increased for a sixth straight session, rising 12 points to 3,319, its highest in over two weeks.

Pacific Carriers Limited (PCL) - the largest shareholder of Maybulk, is an award winning shipping company under Robert Kuok business empire.

The awards received including the prestigious SRS Ship Owner of the Year in 2019 by Singapore International Maritime Award and the Outstanding Contribution to Search and Rescue Efforts in the International Safety@ Sea Awards by MPA in 2020.

PCL was incorporated as a private limited company specialising in ship chartering and broking in 1973 and was listed on the Stock Exchange of Singapore in 1990 but later privatised in 2001 and became a wholly-owned subsidiary of Kuok (Singapore) Limited.

PCL history was closely related with Maybulk under the umbrella of Robert Kuok international shipping business. It currently owns and operates a modern fleet of over 20 vessels ranging from approximately 28,000DWT to 85,000DWT.

https://pclsg.com/

Yes @Swcm98, from my observation, this is the characteristic of this counter.. It's tough to move but when Maybulk really moves it will go up very fast.. so better collect when it is consolidating..

Swcm98 So tough to move this counter

Finally, BDI breaks previous new high again! Yes.. again..

BDI 4,215 -> 4,275 (+60, +1.4%)
BCI 6,304 -> 6,420 (+116, +1.8%)
BPI 3,852 -> 3,904 (+52, +1.3%)
BSI 3,283 -> 3,307 (+24, +0.7%)
BHSI 1,845 -> 1,861 (+16, +0.9%)

https://www.thestar.com.my/business/business-news/2021/09/13/upside-for-port-sector-seen-in-h2

@deMusangking.. I will hold until 2.00, if can reach I belanja everyone here eat musang king..

Bulker Rates Post Biggest Daily Gain In A Decade
By Alex Longley (Bloomberg)

In an already banner year for shipping, commodity carriers just saw their biggest daily gain in a decade.

Average rates for giant Capesize bulk carriers — which can carry products like coal, iron ore, and grains — jumped by $6,700 a day on Monday, the most since 2010, as owners continue to benefit from strong demand for raw materials. The rally extended Tuesday, pushing the daily rate to almost $53,700, the highest level in 11 years, Baltic Exchange data show.

Commodity shipping companies have benefited from global economic stimulus measures boosting industrial activity as economies reopen after the pandemic. In addition, a slowdown at ports — due to recent stormy weather in Asia and China’s restrictions to limit the spread of Covid-19 — has crimped the supply of vessels.

“Economic stimulus and infrastructure spending have boosted the demand for dry bulk commodities,” said Randy Giveans, a shipping equity research analyst at Jefferies LLC. “We expect rates to remain robust during the fourth quarter,” as iron ore production ramps up, coal shipments increase in preparation for winter, and fleet growth slows, he added.

Jan-Mar bdi 1.3k-2.3k (Q1 Net profit 15mil)
Apr-Jun bdi 2k-3.2k (Q2 Net profit 32mil*)
July-Sep bdi 3k-4.2k (Q3 Net profit est. 90-110mil**)
Oct-Dec bdi est.4.2k-5.0k (Q4 Net profit est. 100-130mil**)

*with one off
**with one off (2 '14 ships marked up 75% for sell, prob. special div.?)

Net profit for FY21 est. 280mil (updated)

Short-term tp 0.9-1.00
FY21 tp 2.00 (updated)

@pingdan.. haha, I have been here all these while ma.. no worries, have been holding Maybulk since day one..

Not bad @KML889.. going back near the previous high point..

BDI 4,163 -> 4,221 (+58, +1.4 %)
BCI 6,380 -> 6,474 (+94, +1.5%)
BPI 3,694 -> 3,756 (+62, +1.8%)
BSI 3,180 -> 3,210 (+30, +0.9%)
BHSI 1,810 -> 1,820 (+10, +0.6%)

***Maybulk Could be the One that Leads the New Uptrend in Shipping Industry***

I believe many may be curious: "How come Maybulk suddenly moved?" Perhaps the analysis below could help answering your question.

If we study carefully, we will notice that there was a dip in July for all dry bulk companies around the world, including Maybulk, when BDI retreated from 3400 to 3000. Yet within a short period of time, BDI turned around and shot all the way from 3000 to 4200, and all the dry bulk companies rebounded significantly alongside, except for one company - which is Maybulk.

I just picked a few examples to show you how dry bulk companies have moved from July dip until beginning of September, (High, medium and low increment in share prices as shown below):

P-bulk 2.73->3.97 (up 45%)
S-bulk 16.55->23.88 (up 44%)

D-bulk 3.67->5.06 (up 38%)
N-bulk 20.55->31.43 (up 35%)

G-bulk 9.08->11.62 (up 28%)
B-bulk 11.2->14.2 (up 27%)

When companies around the world climbed, our Malaysian largest dry bulk company - Maybulk has merely went up from 0.65 (July dip) ->0.68 (on 1/9, only up 5%). Whereas on 2/9, to our shock Maybulk even went down again and retested the dip at 0.665!! To many people this is unbelievable and at the same time - unbearable because BDI has shot to more than a decade high. That's why many have lost patience and cleared their positions at lows. Yet on 3/9 (Friday), out of a sudden Maybulk started to make its move, leading the logistics sector and surprised everyone with it's super bullish turnaround signal..

Obviously Maybulk was far lagged behind its companions in the past one or two months.. This could be due to our constitutional crisis in July, political uncertainties in August, price suppression by operators, market perceptions towards its business strategies, fear towards the Covid numbers reported (although shipping is not much affected by lock down as compared to other industries), lacked of foreign investors, over-consolidations etc..

Personally I don't think Maybulk has moved a lot.. as it has been sleeping when its peers flew to the sky. From what I see Maybulk is simply trying to go back to the price it should have long reached.. Try calculate the reasonable PE and you will understand what I mean. If Maybulk is to achieve est. 180-200mil net profit in FY21, then even if the price reaches 1.80-2.00, its PE is still pretty low among shipping companies in Malaysia. And as I said, many of the companies might need 8-10 years to achieve the profit Maybulk is going to gain in one single year. Like it or not we have to admit this is a fantastic year for Maybulk. That's why for this round, I personally think that Maybulk could be the one leading the uptrend in shipping sector.

Hope this will shed some lights. Please take note that they were just my personal thoughts and rough calculations, do your own research if you wish to go into details.

Maybulk has gone through a long 'suffocating' consolidation for two months or so. Many had left when crucial supports broken one by one, or so called "washed out" by Mr Market, yet you and I are still here as we believed in Maybulk's prospects and future. What happened on Friday should have excited you, as it is to me. But from my humble view, this could be just the beginning of our journey.

By referring to Maybulk chart, ~0.74 could be the new strong support for Maybulk. I'm not going into technical, but it is quite obvious that the same pattern has indeed repeating itself for four times since the beginning of the pandemic last year, and this could possibly be the 5th, depending on what is going to happen next week and the weeks to come. If the pattern is formed and further strengthened, then we could possibly seeing Maybulk moving in new channels >0.80-1.00 very soon. And once this has been achieved, 0.74 will become a disappointment in the days to come, not an excitement as it is now.

Above is my personal prediction, it can be wrong so act with your own discretion.

Maybulk formal chairman... Some predict that shipping is coming back for at least 3-5 years..

https://www.klsescreener.com/v2/news/view/876555

Maybulk's strategy to buy 3 advanced Kamsarmax - the largest and most advanced Panamax in 2019 finally paid off this year... With FY21 200mil profit (est.) on hands, Maybulk can take any big leap including financing or purchasing more advanced and fuel efficient ships that compliant with 2023 new international marine regulations.. If we wait until official announcement maybe during end of the year or early 2022, the share price might be 1.50-1.80 by the time.. Think about it..

Many profit-making shipping companies in Malaysia needs 8-10 years to achieve the profit Maybulk is to be achieved in 1 single year. Just because the rocket is taking longer than usual to fill up the fuel doesn't mean it will stay on the ground forever.

If Freight that earns 20+mil for its FY21 is given TP 1.30, what about Maybulk that estimate to earn 200mil net profit this year, how much is its projected TP at the end of FY21?

@yangxi.. Are you sure or not??? Haha... just guessing is it? if privatise also not bad, because last round POSH Singapore Robert Kuok offered almost 100% premium share price to the shareholders..

************************************
Kuok moves to take POSH private
Grant RowlesNovember 5, 2019

Quetzal Capital, a company formed by members of the Malaysian tycoon Robert Kuok’s Kouk group of companies, has announced a voluntary conditional cash offer for all of the issued and outstanding ordinary shares offshore vessel operator PACC Offshore Services Holdings (POSH).

The offer price is S$0.215 ($0.1583) in cash per share, which represents a premium of nearly 100% over the last traded price of there company on the Singapore Exchange on October 30.

“The offer presents shareholders with a unique cash exit opportunity to realise their entire investment in POSH at an attractive premium over prevailing trading prices without incurring brokerage and other trading costs. This may otherwise be difficult due to the low trading liquidity of the shares,” the offer document said.

The Kuok offer is “in view of the continuing challenges in the global offshore oil and gas sector, as it believes that privatising POSH will provide it with more flexibility to manage POSH’s operational and funding requirements,” the company added

POSH, which has over 120 vessels in its fleet, listed on the Singapore Exchange in 2014.

The above statements are in response to KML889 statements..

KML889 O great, when bdi advances she stays put. Now bdi starts reversal and she is responding but too bad the other way round. What a douchebag she is. Loss 200 points now.
01/09/2021 8:47 PM

KML889 Wonder what happened to that lady super promoter. Awfully quiet for so long or...
01/09/2021 8:51 PM

Please mind your words and be respectful when you comment in public forums..

April-June BDI between 2000-3200
July-September BDI between 3000-4200

Ask yourself, what does it mean to dry bulk business?
This is charter rate, not just numbers..
If Maybulk can make 100-150mil net profit in 3rd quarter alone (including selling 2 old ships with price increased 75%), do you think it's really bad?

They can utilize the money earn in 2021 for future plans, including getting newer ships. Don't forget there're stricter international shipping regulations coming up in 2023 where the two old ships will be 10 years old..
Many things to be considered.. unless you think we are all smarter than Robert Kuok la..

Still here.. Investing Maybulk needs patience.. It's not for contra in out.. BDI went up for 2 weeks already it will need a rest - healthy correction, before it can move further.. Pls don't tell me you expect it to go all the way from 3000-5000 non-stop! Just like you can't expect oil price to up from USD70-120 in a straight line.. Ups and downs is expected.. We cheer when it shoots, when it retreats we wait patiently.. if it drops until a good support and you still have faith, top up..

If your BMW was 350K last year, the buyers now want to buy from you >600K this year..

Ship price increased 75% if to compared with year 2020..

Many dry bulk companies up 4-10% yesterday night (US and Europe) and today (Asia), Maybulk is still discounting for Malaysian investors... Grab the opportunity to slowly accumulate...

Break new high again!

BDI 4,147 -> 4,201 (+54, +1.3%)
BCI 6,114 -> 6,206 (+92, +1.5%)
BPI 3,809 -> 3,846 (+37, +1.0%)
BSI 3,303 -> 3,343 (+40, +1.2%)
BHSI 1,881 -> 1,888 (+7, +0.4%)

Are you ready to fly with me?

Totally agree..

Short-term tp 0.90-1.00
Medium-term tp 1.50-1.80

Accumulate when you still have chance.

I'm not sure about you guys la, but the potential 100M+ net profit for the coming two quarters (of course with one offs) sounds good to me.. especially when Maybulk share price didn't really move compared to overseas dry bulk companies that went up more than 1000%.. anyway it's your choice..