Hmmm when revenue,profit,NTA have double up... come with bright future. This Price still at 0.265... So weird. Haha..... Go down more... Let's collect more!
PETALING JAYA: A potential step-up by the government to tackle the illegal and “dirty” bunkering business which consists of about two thirds of the addressable market in Malaysia will directly benefit Straits Inter Logistics Bhd(SIL).
According to Maybank Investment Bank, SIL is one of the very few licensed bunker operators in a fragmented and unregulated environment in the country.
In its initiation report, the research house noted that the security aspects in Malaysian ports are questionable and weak.
“It is also exacerbated by the outdated regulatory system. The Shipping Act was last updated in 1952. This emboldens ‘unethical players’ into this ‘dirty’ segment. This loophole gives rise to the surge in unauthorised bunker deliveries by foreign-flagged bunker tankers in Malaysian waters,” it said.
“The bunker supply, notably from Singapore is ‘easily’ brought into Malaysia ports with no declaration made,” the research house added.
Maybank Investment Bank said that with this poorly regulated environment, the Government is at the losing end in terms of tax evasion and illegal practices that takes place.
Premised on this possibility that the government may finally do something about this and other factors including the rising upstream oil & gas activities in Malaysia and the structural changes to the bunkering business, the research house had rated SIL a buy with a target price of 38.5 sen.
The target price is a 40% upside to present prices.
maybank seem desperate to push up this counter, not enough with TP 38c , come out with another story pula, but now purely speculative in nature... issue about dirty bunkering activities!! .. hemm..maybank must hv bought a lot la :-p
It'll be positive once the maritime regulations kick in and the illegal vessels are kept out of Malaysian ports. That will take away all the illegal competitors.
i am wondering whether the recent price hike is actually meant for the benefit of CBL(43 mil) and Rithauddin (54 millions) to dispose their shareholding at higher price ??.. in total, both of them disposing over 100 million shares in just 2 weeks !!..
which account more than 80% of the whole transaction...hemm.
i am done with this counter...if anything good news..can re-enter at any moment of time and ride the wave..maybe i will missed 1-2 cents, but in the mean time..hold my cash for ecrl stock
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
freddiehero
16,722 posts
Posted by freddiehero > 2019-03-26 22:44 | Report Abuse
fly fly..