Unker ramada, dunno if you are unker or not.. Nvm just call lah.
But ah another thing to note which I think relates to Dry Shipping is Purchasing Manager Index (PMI), dunno you hear before or not lah... it's dropping a lot recently!
MAYBULK Could benefit from Tun Dr. Mahatir's visit to China this month as one of the topics that will be discussed is on shipping.
Why Maybulk could be a potential winner?
Maybulk is owned by Tan Sri Robert Kuok which also a good friend of Tun Mahatir therefore if a deal on shipping matters happens we think that Maybulk could benefit from it since the relationship between TDM and TS Robert is very close.
Based on chart Maybulk is trading nearby support which is at 0.55.
A breakout will happen once it breaks 0.60
We are anticipating at least 0.65 for maybulk
In our opinion we think that Maybulk is a good buy for potential shipping play between Malaysia and China.
`Bank of America Merrill Lynch (BofAML) warns that Brent crude oil could reach $90 per barrel stemming the new IMO rules regarding shipping fuels and a weaker dollar courtesy of a de-escalation in the US/China trade war, Reuters reported on Friday.`
Hi guys, what do u think of next year IMO rules impact on Maybulk? Do all ships owned by Maybulk complIED with the above IMO rules? What is the impact of IMO rules for ship owners?
Excluded the 12mil impairment lost for this Qtr results, Maybulk should be at mild net profit. However, a better rate for the 2H2019 could be expected.
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....
abang_misai
2,585 posts
Posted by abang_misai > 2019-04-04 21:54 | Report Abuse
He also bought Mikromb at 0.50. Now 0.24.
ramada
2920 posts
Posted by ramada > Apr 4, 2019 8:27 PM | Report Abuse
And uncle also holding 10,000,000 shares of JTIASA at RM1.00 and above. Now left RM0.55.