once this company start declaring dividend..ppl will scrambling to get a piece if this company. Coz profits alone cannot move any stock price. Dividend is one of the main criteria for IB and FM selection of stock. Hope mgmt aware about this.
Looking at the first year of increase of 60 million revenues · Straits logistics expansion red ridge supply service
(Kuala Lumpur, 1st) Strait Logistics (STRAITS, 0080, GEM Transportation and Logistics Group) expanded its replenishment service to the Zhangzhou Red ridge port, expecting to replenish 2 million liters of fuel per month, keeping a conservative eye on the revenue growth of RM60 million in the first year.
Strait Logistics Group Managing Director Datuk Seri He Jincai pointed out after the signing ceremony that as a start, the company has added an additional 1 million to 2 million liters of fuel supply per year.
He said that the revenue of RM60 million is a conservative estimate, and it is only a "one drop" in Canghai. As a maritime hub, Singapore has a market of 20 billion US dollars in maritime fuel. Strait Logistics hopes to attract and benefit from cost. More ships are fueled.
Strait Logistics has been commissioned and commissioned at the Hongtukan Port for refueling moorings since October 15. Ships passing through the Straits of Malacca can be fueled under paperless operations, saving time and additional costs for inbound refueling services.
The strait logistics company, called Pit-Stop Bunker Hub@Lumut, is ready to provide convenient, reliable and efficient refueling services.
Strait Logistics signed a fuel replenishment service agreement with Hongtukan Maritime Terminal Pte Ltd (LMTSB) through its 55% subsidiary Tumpuan Megah Development Co., Ltd. (TMD).
Strait Logistics is principally engaged in oil trading, fuel replenishment services and investment holding activities. Replenishment services include the provision of marine natural gas oil and marine fuel to ships and other oceangoing vessels (such as tankers, container ships, cargo ships and cruise ships) through ships.
Mulanlac, chief executive officer of Red Ridge Marine Terminal Co., Ltd. pointed out earlier that the long and narrow Strait of Malacca has about 80,000 to 100,000 vessels sailing each year. The port can only serve 1,000 vessels, which means there is a huge opportunity. As for the fuel market, we look forward to replenishing 2 million liters of fuel per month from this cooperation.
When it comes to how to save time and cost, He Jincai pointed out that it takes about 6 hours to park the port and refuel the fuel after passing various procedures in the traditional way. The above-mentioned anchoring supply pioneered in the above-mentioned Malaysian red ridge can save half of the time to 3 hour.
Referring to the profitability of similar services, He Jincai said that the profit was about 2.5%, and he took advantage of the opportunity to increase the amount of money on the coast of the Straits of Malacca.
Exclusive to TMD
Under the above agreement, LMTSB has appointed TMD to operate exclusively, manage and provide these services at the Red Ridge Port. TMD is happy to accept this appointment and guarantee that it will be implemented with good professional standards.
At present, TMD operates in eight ports in Malaysia, including Brazil's Gudang Port, Tanjung Pelebas Port, Johor Bahru, Kuantan Port, Dengzhou Ganma Port, East Mana Port and Miri Port.
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....
Drybz
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Posted by Drybz > 2019-09-06 09:16 | Report Abuse
SMA looks promising and reaching line to start rebound