another con job. Investors had great hope but have waited and waited. Robert Kuok linked company; and many believed it was an investment. What a loss of faith
Be objective the owner never pump n dump the industry is bad n reflected in the share price the trend now is healthcare industry In investment blame yourself if lose money n cutlose to conserve your capital for good stock maybulk has been bleeding loses for years who to perform n this is not syndicate stock
Sir CNLim, Perhaps you let emotion take charge if your investment strategy. We dont lose. Seek out good mgmt snd be objective and rationalise your arguments
no need to be overly concerned about BDI... Maybulk has its freight mainly covered 6 months ahead. Once lock down is lifted, the ship freight rates will go up because there arent many new ships coming into market. Besides, price is on uptrend
A counter like maybulk is very tightly held. It has to be becoz the capital investment is high and returns are low.. it is a long term on going business like hotels... impairments on old ships etc is part and parcel. Stay calm guys.. at the BDI around 400 plus.. it is already at its all time lows.. We must invest in the know and once the lockdown is gradually opened, dry bulk cargo like iron ore, wheat, barley , sugar and other dry items will pick up. In this time, not many companies are investing in new ships.. its a cycle. Its a visible cycle, Maybulk has hit 0.39 earlier and hit 0.325 recently and making a rebound. Up and down are ways to accumulate... If you can ride this wave, confidently, you will reap the rewards ... this kind of business, you can sleep tight
From my experience in the past, Maybulk always track the BDI.. Baltic Dry Index BDI rebounded from Second try near 400 level last week to 679 currently.. 1. This is the correct timing to enter Maybulk as economies start to return.. raw materials and food supplies are needed. This is Maybulk main business- dry bulk cargoes 2. Since the US - China drama 2 years ago, the bulk industry has almost no new ship building contracts. This means that as old ships retire, there will be less and less ships in the market. Therefore, with US reporting a sudden increase in jobs in May, the confidence is slowly coming back. 3. BDI should stabilise around 1200-1400 level by September ... I am tragetting Maybulk at RM 0.9 by September..
Lowest for Maybulk in March was 0.22 ... it has been inching up trying several attempts at 0.385 and 0.39 once.. Looking at the movements, it is consolidating and will try to push above 0.40. Once above 0.40, it should be the new support...
BDI now at 714 from 679 previous day.. definitely a reliable indicator of the freight rates and activities. Maybulk has been on the accumulation phase between 0.36-0.385.. if you observe, the volumes are slowly building in . This shows that there is an active accumulation.
if you want to make big money, you have to have the foresight, patience and confidence and most importantly GUTS... of course apply your guts wisely.
Another counter is Mahsing with cash reserves over RM 1 billion and active management with good dividend each year. EPF was buying above RM 1 plus before the crash. Able to give dividend 0.0335 in September 2020..
Another counter is TSH.. very strong management with maaturing crops. When COVID is over, surely demand for palm oil will pick up... US China trade war, China will not buy soy, high chance may switch to palm oil. If india lockdown reopen fully, consumption will spike. If you read MPOC report, india stockpile is very low and has started contracting 200,000mt of palm oil in end May for shipment June... This is called spot buy.. usually in commodities we buy in forward months. What this means is that they need the commodity rather urgently and we have stock because our stockpile is high ..
Chesslim, you say it right. Be greedy when others are fearful.
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....
yangxi
416 posts
Posted by yangxi > 2020-02-25 19:26 | Report Abuse
finally got profit this qtr. better and better