@Superb99 because warrant issuer keep pressing the price up, they selling lot volumes just now at 1.18 if not mistaken because their warrant going to expired soon!
actually warrant issuer have another way for hedging their losses. whenever someone buy for example 1000 unit of Call warrant, they will buy the mom 10,000 unit. so when u are making money, at the same time the IB too are making money.
But of course they internally got set a ratio to hedge. so make money or not depend how well they manage the ratio.
too bad MMC seems not able to close above 1.18 today....sometimes i also ask myself why this counter is priced at super low price...if price up, shareholders also untung wat...weird
Europe’s main container ports are receiving far more boxes than are departing, according to Container xChange.
Gary Howard | May 04, 2021
The increase in imports comes after the blockage of the Suez Canal by Ever Given caused huge tailbacks of ships, and the canal’s unblocking released the queue of laden vessels on their way to Europe.
Week-on-week, the increase in incoming 20-foot dry containers in week 17 was 3.75% in Rotterdam, 3.5% in Antwerp and 2.2% in Hamburg [Europe ports]
Note: The Straits of Malacca and Singapore serve arguably the most important shipping route in the world - Asia-Europe - MMC's ports in Port of Tanjung Pelepas (Singapore) and Northport (Port Klang) straddle this route
Malaysia’s port of Tanjung Pelepas (PTP) saw 8% growth in 2020, to a record-breaking 9.8m teu, making it an outlier among South-east Asia’s competing transhipment hubs.
The growth the port, which is operated by Maersk subsidiary APM Terminals as the carrier’s key transhipment hub in the region, came despite global economic uncertainties and the Covid-crisis .
PTP CEO Marco Neelsen explained the reasons: “A surge in extra transhipment volumes, due to the increased demand in Asia and Europe, and requests from customers to increase their throughput at PTP.”
He said the second-half of the year had seen the opening of more borders and the revival of the global trade economy for the China, transpacific and Europe regions.
COPENHAGEN, May 5 — Danish shipping giant AP Moller-Maersk said today that it booked record earnings in the first quarter on the back of surging demand during the coronavirus pandemic.
For the first three months of the year, the world’s biggest freight company posted net profit of US$2.7 billion (€2.3 billion).
That is almost as much as the group made in the full-year 2020 and a 13-fold increase over the figure for the first quarter of 2020, Maersk said in a statement.
Sales, which were already announced at the end of April when the group raised its 2021 full-year targets, rose by 30 per cent to US$12.4 billion.
“Strong demand led to bottlenecks, as well as lack of capacity and equipment, which drove up freight rates to record high levels,” said chief executive Soren Skou.
Maersk said it would launch a new US$5-billion share buy-back programme over the next two years.
As a result of the pandemic, demand for shipping has surged since mid-2020 and especially since the end of the year, in particular from Asia to the US and Europe.
Shipping companies and analysts attribute the rise to consumers purchasing more manufactured products, instead of spending their money on trips and restaurants and other experiences.
Additionally, many companies are still in the process of restocking after reducing their orders in the first months of the pandemic.
On some routes, primarily those from Asia, some container rates have been tripled or even quadrupled.
In March, the situation was aggravated further by the six-day blockage of the Suez canal, which caused major traffic jams for vessels and held up an estimated US$9.6 billion worth of cargo between Asia and Europe each day.
China’s major ports report growth in container throughput 05/05/2021
China’s major ports reported growth in container throughput in mid-April, data from an industrial association shows.
From April 11 to 20, container throughput at China’s eight key ports increased 17.8 percent year on year, according to the China Ports and Harbours Association.
Specifically, the container throughput for foreign trade rose 22.3 percent from a year earlier during the same period.
The growth rate of container throughput at Ningbo Zhoushan port exceeded 30 percent in mid-April, while that of Shanghai, Xiamen and Shenzhen ports exceeded 20 percent, said the association.
The boom in container throughput for foreign trade came amid the rapid expansion in China’s exports, with its exports surging 38.7 percent year on year in the first quarter of this year. Source: Xinhua News Agency
For the first three months of the year, the world’s biggest freight company posted net profit of US$2.7 billion (€2.3 billion).
That is almost as much as the group made in the full-year 2020 and a 13-fold increase over the figure for the first quarter of 2020, Maersk said in a statement.
........
surely Maersk subsidiary APM Terminals (PTP) would have benefitted
Maersk's regional South East Asia transshipment hub (i.e. main port) is the Port of Tanjung Pelepas
AP Moeller Maersk A/S Class B (+6.94%) 16,030.00 DKK +1,040.00 5 May, 4:59 pm GMT+2 ·Disclaimer CPH: MAERSK-B
As the saying goes, a rising tide lifts all boats - the shipping liners (Maersk is a leading container company and No. 1 on the Asia-Europe route*) do well, and the entire supply chain does well (e.g. see Gloves and Raw Material (NBR prices), Chemicals (Luxchem) and Formers (Esceram) etc)
Only difference is the global recovery is just beginning and there is a long runway (economic expansions run for years with the economic cycle typically 10 years). Coupled with surges in the demand for goods arising from reopenings, capital expenditures across industries/sectors (new plants, machinery, capital goods, raw materials due to lack of investment during covid), government stimulus, trade diversion/supply chain disruption (US-China trade war), commodities bull etc - global trade and import & export will go on a supercycle
MMC: Supports Petronas' LNG exports to China. MMC Corp has supported Malaysia's export of liquefied natural gas (LNG) in ISO tank containers to Shanghai, China from its port in Pasir Gudang, Johor. The shipment was made on April 13 and marked the first export of Petroliam Nasional Bhd's (Petronas) LNG in ISO tank containers from Johor to China. (BTimes)
Saudi Ports reports 2.5 million containers in the Q1 of 2021 06/05/2021
The Saudi Ports Authority (MAWANI) has reported a rise in the total number of handling containers during the first quarter of 2021, with an increase of 16.18 percent, or 2.5 million standard container. -- Saudi Ports achieved an exceptional rise in the number of transshipping containers at 41.36 percent, or 1.3 million standard container, represented by 2,973 ships, or an increase of 5 percent compared to the same period, last year.
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....
emsvsi
3,519 posts
Posted by emsvsi > 2021-05-04 15:19 | Report Abuse
Hartalega is seeing shipment issues i.e. ports are busier than ever
MMC TO THE MOON