Posted by greenland > 2020-07-16 08:50 | Report Abuse

Thanks xjteh for your technicals!

Posted by chngmenghui > 2020-07-17 05:28 | Report Abuse

BDI 1699

Posted by Seek > 2020-07-17 08:36 | Report Abuse

Thanks Greenland

Posted by GimEng Hong > 2020-07-19 13:16 | Report Abuse

BDI 1710

Posted by greenland > 2020-07-19 16:13 | Report Abuse

Export of US Soy beans has picked up. Soy usually carried on Handymax and Supramax. There will be corrections along the way on the BDI for sure but the global economies are slowly opening up cautiously.
The demand for coal usually increases in the 3rd qtr due to need for increased energy for heating during winter... Panamax usually carry coal and grains.

Posted by greenland > 2020-07-19 16:15 | Report Abuse

The demand for these transport vessels will be stable... an on the uptrend as many countries are replenishing...I expect uptrend for vessel space at least till September...

Posted by greenland > 2020-07-19 16:17 | Report Abuse

Once China and India settle the temporary drama in the borders, coal shipments will resume. Panamax... should resume uptrend

Posted by xjteh > 2020-07-20 15:47 | Report Abuse

some correction on the fib retracement entry level: 0.395, 0.365. I will collect some at 0.395 & double the size at 0.365. However, shall the price stay below 0.365, the uptrend may be invalidated.

Posted by chngmenghui > 2020-07-21 05:24 | Report Abuse

BDI 1678

Posted by greenland > 2020-07-21 07:03 | Report Abuse

Yes.. it’s expected on the correction due to the peak of iron ore stockpile in China now. Affected mostly Capesizes and Panamax.
Maybulk owns mainly Kansarmax, Supramax and Handymax class vessels and carry mainly grains, soy, sugar...
if you look at cnss.com as shared by Chngmenghui , Supramax and Handymax charts are on steady gradual uptrend...

Posted by greenland > 2020-07-21 07:06 | Report Abuse

Latest PE base on yesterday’s closing is 2.18

Posted by chngmenghui > 2020-07-21 08:56 | Report Abuse

Afraid coming qr result be worst

Posted by Arnold76 > 2020-07-21 19:48 | Report Abuse

Coming we results should be not so good, next coming quarter only able turn profit... BDI uptrend only after May and June.

Posted by Arnold76 > 2020-07-21 19:49 | Report Abuse

Next quarter some more have MCO.... Few days can't business...

Posted by Peterjang > 2020-07-21 21:46 | Report Abuse

next quarter should be loss.. we wait for 2H 2020 see the potential of BDI

Posted by chngmenghui > 2020-07-22 05:25 | Report Abuse

BDI1594

Posted by Peterjang > 2020-07-22 18:24 | Report Abuse

menghui, how you view on BDI index

Posted by chngmenghui > 2020-07-22 19:56 | Report Abuse

@Peterjang:www.cnss.com.cn

Posted by Peterjang > 2020-07-22 20:13 | Report Abuse

ok thanks

Posted by Peterjang > 2020-07-22 20:50 | Report Abuse

However, there are some encouraging signs particularly from China which is showing some resumption of industrial production activities. Newbuilding activity could also see order cancellations or deferments which may further reduce pressure on the supply side. There is still a potential for an improved 2H 2020 globally and stimulus measures in China and elsewhere can possibly support freight rates

Posted by Parksonguy > 2020-07-22 23:37 | Report Abuse

Stupid counter never give devidend

Posted by chngmenghui > 2020-07-23 05:47 | Report Abuse

BDI 1473

Posted by greenland > 2020-07-23 06:13 | Report Abuse

https://www.cnss.com.cn/html/bsi/
Maybulk does not own Capesizes and only one Panamax in its fleet. From last annual report, Maybulk owns mainly Supramax, ha day max and kansarmax... Above link shows trend of Supramax rates .

Posted by greenland > 2020-07-23 06:17 | Report Abuse

https://www.cnss.com.cn/html/bhsi/
The above is the chart for Handymax which Maybulk owns too.

I believe the coming quarter results might not be too bad.. looks like to share prices are well supported at 0.40...

Still optimistic in the middle 6 month term.

Posted by greenland > 2020-07-23 06:18 | Report Abuse

https://www.cnss.com.cn/html/bhsi/ .. Handymax rates which Maybulk owns too.
I think the coming qtr results should not be too negative..

Posted by John Angel > 2020-07-23 07:28 | Report Abuse

I think this counter need a patient to invest, at least 1 year..

Posted by bigdigkai > 2020-07-23 07:47 | Report Abuse

中国海事服务网
干散货运价从年初的低点回升至7月上旬的年内高点。在普氏各干散货指数中,以0.5%硫含量船用燃料为基准的好望角型日租金指数(Cape T4 index) 7月6日达到31901美元/天,较5月14日的2075美元/天飙升了15倍。同样,以0.5%硫含量船用燃料为基准的Kamsarmax型日租金指数(kmax9)在7月9日达到12801美元/天,创下该指数5月4日推出以来的最高点。而在2月份,Kamsarmax船舶的租金仅2000美元/天。

Posted by Arnold76 > 2020-07-23 13:27 | Report Abuse

Loss money how to give divided, want divided go to other place, wrong channel...

Posted by Arnold76 > 2020-07-23 13:40 | Report Abuse

But this counter no engine to move as BDI is drop... Next wait for quarter results. Even though handymax and supramax is up...

Posted by xjteh > 2020-07-23 15:48 | Report Abuse

after big move of BDI from May till beginning of July, there is no surprise an adjustment come in. Just wait till BDI around 1360 where Maybulk will be around 0.385.

Posted by chngmenghui > 2020-07-24 05:31 | Report Abuse

BDI 1388

Posted by Leong966 > 2020-07-24 09:45 | Report Abuse

Too many sales man talk.

Posted by xjteh > 2020-07-24 10:27 | Report Abuse

time to accumulate now

Posted by sapurakencana > 2020-07-24 15:55 | Report Abuse

If BDI index drop below 1298(Fibonacci 0.618) without strong rebound, we need to dispose.

Posted by Arnold76 > 2020-07-24 22:29 | Report Abuse

BDI keep droping, hope recover on next week. If maintain 1000 + should be still have some profit, because oil price still low... But share will no engine to move up..

Posted by Arnold76 > 2020-07-24 22:30 | Report Abuse

在考虑要不要减少—点，拿太多了。

Posted by chngmenghui > 2020-07-25 05:31 | Report Abuse

BDI 1317

Posted by sapurakencana > 2020-07-25 10:53 | Report Abuse

But what we need to consider now is KLCI already at the highest point(Best perform bursa in the world for 4-6 2020) but maybulk still maintain at 40 cent.If bursa drop again ,what the risk (hold the stock for longer period) ? do we have patient to hold thid stock for this uncertainty period.

Posted by sapurakencana > 2020-07-25 11:59 | Report Abuse

BDI index up or down this year partially contribute from
1.Brazil 2019-20 soybean sales hit 93% on weak real, high domestic crush and due to high Chinese demand, which is estimated to comprise 70% of total soy shipment,
2.Brazil iron ore export
3.Australia Mineral export

But start from July2020
1. Brazil’s soybean exports plunge 34% so far in July on tight supply.
2.25/07/2020 Comments Offon China iron ore futures fall on easing steel demand
China iron ore futures dropped as much as 3.6% on Friday, falling for a second straight session, as demand for steel products slipped this week on lean downstream consumption.

Posted by sapurakencana > 2020-07-25 12:55 | Report Abuse

https://www.hellenicshippingnews.com/wp-content/uploads/2020/07/dry-tc-week-30.jpg

Posted by Peterjang > 2020-07-25 19:40 | Report Abuse

hard to play this counter , although bdi drop, but share price still maintain at 0.40...

Posted by chngmenghui > 2020-07-28 05:33 | Report Abuse

BDI 1293

Posted by greenland > 2020-07-28 06:12 | Report Abuse

Very strong support at 0.40

Posted by sapurakencana > 2020-07-28 11:04 | Report Abuse

If BDI index drop below 1298(Fibonacci 0.618) without strong rebound, we need to dispose.
24/07/2020 3:55 PM

Posted by Peterjang > 2020-07-28 20:57 | Report Abuse

lousy company, keep loss money

Posted by chngmenghui > 2020-07-29 05:32 | Report Abuse

BDI 1264

Posted by sapurakencana > 2020-07-29 10:04 | Report Abuse

This is temperary down trend same as what happen in 2019,dont follow.

Posted by wahd > 2020-07-29 14:29 | Report Abuse

BDI Went down so much recently

Posted by chngmenghui > 2020-07-30 05:39 | Report Abuse

BDI 1317

Posted by Peterjang > 2020-07-30 10:09 | Report Abuse

no support at all, keep drop, last support is 0.38