The Board of Directors of Straits ("Board") wishes to announce that Straits Marine Services Pte. Ltd. (“SMS”), a Subsidiary of the Company had on 9 June 2020 signed a Collaboration Agreement with Ecom Solution Pte Ltd. (“Ecom”) to offer and market the vessel disinfecting and sanitisation services against contaminants such as viruses, bacteria, mould, mildew and odour (“Services”) to vessels operators in Ports of Singapore and Malaysia (“Territory”) for a period of one (1) year and may be extended or terminated by mutual agreement between the Parties.
Please refer to the attachment for further details of the Agreement.
Reiterate TP1 of 0.24 in the short term, TP2 of 0.3 after that. Psychological resistance of 0.2 broken with high volume. The only way is up.
terence775 win3, my first TP is 0.24. after break that level, will reevaluate. Why 0.24? Simple: fundamentally nothing has changed for Straits. If it was trading at 0.24 before covid, it should go back to that level slowly. Most fundamentally good companies are already trading at near pre-MCO levels.
After that my next TP would probably be around 0.3. That's because straits won the port management contract and will start to see an additional revenue stream improve their business. You can take a look at their financials. The new management is doing a good job. 04/06/2020 10:56 AM
Dropped, caused by failing Oil price , Wednesday Dow Jones future and Thursday Dow Jones effect = panic sell off . Prices have stabilized . Good to have some panic sell , giving other who believe in the company direction an opportunities to load.
Can't just blame operator . May be everyone here sell too , when price up and waiting to buy back when price drop. Unless someone or the company buy back to keep price steady when it drop , then it will shake off those shadow trader
this year suppose to hit 1 billion turnover, coz every qr now above 200 million. just hope coming qr above 250m.big money from IMO2020 boss must dare to declare dividend, so that this counter can be included in IB list.
wah..disinfecting business jalan on the spot and start churning income!!..it will be reflected in the next 3qr performance..sure confirm 1 billion turnover for straits
Buyer line up and volume is like 4X larger than seller . There are still seller willing to throw to shake weak holder . Stop giving in to the player hand.
“In April this year, Straits Inter Logistics Bhd's 51 per cent-owned Megah Port Management Sdn Bhd (MPM) took over the management of Labuan Liberty Terminal.
Prunella said the MPM management had started clearing the port areas to give more space and provide operations in a clear and clean manner.
The port operator has also invested in new equipment and engaged local contractors to provide additional equipment to turn around the operations.
"If this continues, MPM will be able upgrade to make Labuan Liberty Port an efficient port," she said.“
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....
JK22
1,789 posts
Posted by JK22 > 2020-06-09 12:43 | Report Abuse
Hope can get some return from holding on all this years. Price up and down not matter much