Posted by Activestream > 2021-08-25 08:36 | Report Abuse

sharonchong Break new high again!

BDI 4,147 -> 4,201 (+54, +1.3%)
BCI 6,114 -> 6,206 (+92, +1.5%)
BPI 3,809 -> 3,846 (+37, +1.0%)
BSI 3,303 -> 3,343 (+40, +1.2%)
BHSI 1,881 -> 1,888 (+7, +0.4%)

Are you ready to fly with me?

I'm still here but today usually is profit taking day on wednesday hopefull is not our maybulk among them !!!

Posted by Activestream > 2021-08-25 09:30 | Report Abuse

Maybulk steady at 70 cents level should be good for a start towards up.

Posted by sharonchong > 2021-08-25 13:51 | Report Abuse

Many dry bulk companies up 4-10% yesterday night (US and Europe) and today (Asia), Maybulk is still discounting for Malaysian investors... Grab the opportunity to slowly accumulate...

Posted by KML889 > 2021-08-25 15:20 | Report Abuse

Haha

Posted by Bgt 9963 > 2021-08-25 15:51 |

Post removed.Why?

Posted by KML889 > 2021-08-25 16:58 | Report Abuse

Poor MBC, no matter how you cook also unable to budge. Apa lagi lu mau.....

Posted by KML889 > 2021-08-25 17:01 | Report Abuse

Promoter kena work even harder. Haha

Posted by princehero > 2021-08-25 19:02 | Report Abuse

It means maybulk overvalued at rm 0.80 plus previously … Just imagine BDI kept surging until all time high for past decade n bursa index at 2 month high currently.. If not, the fund oredi push it below rm0.60’..

Posted by ming > 2021-08-26 01:40 | Report Abuse

Same like plantation and energy sector..

Posted by wallstreetrookie > 2021-08-26 05:43 | Report Abuse

Malaysian Bulk Carriers Berhad Maintain Neutral

With record high (11-year high) Baltic Dry Index and historical demand for commodities (iron and coal), Malaysian Bulk Carriers is expected to have another quarter of solid revenue and hopefully a turnaround opportunities. Wider dry bulk trade is expected to rise 4.2% year-on-year in 2021 and by 1.7% in 2022. Fleet growth is likely to lag behind the increase in cargoes, with capacity expanding by 3.3% this year, and 1.4% growth next, the Clarkson data show. - Bloomberg

Unfortunately, we believe that the slowdown in grain trade and the previous impairment losses coupled with the recent disposal of vessels in the company's fleet could exert a negative impact on the next earnings. Therefore, we are primarily concerned that the company might not be able to capitalise on the current bullish trend of dry bulk costs.

Despite that, we are cautiously optimistic about Maybulk as a result of its shaky financials and decreasing liquidation value. Decreasing liquidation value over a long period of time (more than 6 consecutive quarters) is usually an ill omen regarding a company's future state and shareholder's returns.

No price targets.

Posted by wallstreetrookie > 2021-08-26 05:51 | Report Abuse

I know @pingdan you are a very experienced investor looking at your post history. You discovered Supermax in 2015 and big tech companies in 2016. So no more price targets from me. I believe you could be right in the long term but not in the short term.

Posted by pingdan > 2021-08-26 10:10 | Report Abuse

hey wallstreetrookie, why u keep on said that there will be impairment? U really know what is impairment or not?

Indications of impairment [IAS 36.12]
External sources:

a) market value declines
b) negative changes in technology, markets, economy, or laws
c) increases in market interest rates
d) net assets of the company higher than market capitalisation
Internal sources:
a) obsolescence or physical damage
b) asset is idle, part of a restructuring or held for disposal
c) worse economic performance than expected
d) for investments in subsidiaries, joint ventures or associates, the carrying amount is higher than the carrying amount of the investee's assets, or a dividend exceeds the total comprehensive income of the investee

These lists are not intended to be exhaustive. [IAS 36.13] Further, an indication that an asset may be impaired may indicate that the asset's useful life, depreciation method, or residual value may need to be reviewed and adjusted. [IAS 36.17]

Determining recoverable amount
a) If fair value less costs of disposal or value in use is more than carrying amount, it is not necessary to calculate the other amount. The asset is not impaired. [IAS 36.19]
b) If fair value less costs of disposal cannot be determined, then recoverable amount is value in use. [IAS 36.20]
c) For assets to be disposed of, recoverable amount is fair value less costs of disposal. [IAS 36.21]

Fair value less costs of disposal
a) Fair value is determined in accordance with IFRS 13 Fair Value Measurement
b) Costs of disposal are the direct added costs only (not existing costs or overhead). [IAS 36.28]

Posted by sharonchong > 2021-08-26 10:12 | Report Abuse

Ship price increased 75% if to compared with year 2020..

Posted by sharonchong > 2021-08-26 10:14 | Report Abuse

If your BMW was 350K last year, the buyers now want to buy from you >600K this year..

Posted by pingdan > 2021-08-26 10:17 | Report Abuse

Question now is any indicator of impairment incurred? Answer is no. If there is no indicator of impairment, why impairment will incurred? As per info from management on quarter report, Supramax is at near to historical new high and all of the ship are earning money. Why there wil be impairment incurred?

You really understand impairment or not? Or u blindly believe on the research from IB? Most of the IB do not know what is accounting standard. Hence u cannot rely their report to let u know whether this company can invest or not. You must do your own homework.

Do you know what is BDi? U don't know
Do you know what is Maybulk doing? U don't know
Do you know why impairment incurred? U don't know
Do you do your homework on Maybulk? I don't think so. U totally dun understand what we talking about. U keep on talking about impairment but u even know what is impairment. Why impairment incurred. Then how u comment on this?

Still come out with the ridiculous TP RM0.08 lol

Posted by Simon_khoo > 2021-08-26 13:35 | Report Abuse

It’s the matter of time maybulk hit rm1.0 (my 2c opinions) when the bull sprints!

Posted by Simon_khoo > 2021-08-26 13:37 | Report Abuse

I remembered last year when gold price shot up, most of the gold related counters LU, that’s Msia

Posted by Simon_khoo > 2021-08-26 13:37 | Report Abuse

BDI today actually warrant a LU for carrier / shipping stocks…

Posted by Simon_khoo > 2021-08-26 13:38 | Report Abuse

Started buying @ 70c

Posted by Simon_khoo > 2021-08-26 13:43 | Report Abuse

https://m.malaysiastock.biz/Blog/BlogArticle.aspx?tid=24735

Posted by Simon_khoo > 2021-08-26 13:43 | Report Abuse

Worth reading article

Posted by Simon_khoo > 2021-08-26 14:14 | Report Abuse

Look at the volume traded last 10 days is the indication it’s coming …

Posted by pingdan > 2021-08-26 15:19 | Report Abuse

seem like this operator will create another chance to topup again

Posted by Markv572421 > 2021-08-26 15:29 | Report Abuse

Nothing new.

Posted by Simon_khoo > 2021-08-26 15:35 | Report Abuse

We can’t deny the fact that BDI determined the direction of the share price ….

Posted by pingdan > 2021-08-26 16:06 | Report Abuse

Boring operator... only know how to earn small money.

Posted by Markv572421 > 2021-08-26 16:12 | Report Abuse

Ya true, i feel the operator quite boring as well.

Posted by Markv572421 > 2021-08-26 16:23 | Report Abuse

Operator wanna close at 0.685 - 0.69 .....wait drop back to 0.50 then only buy

Posted by pingdan > 2021-08-26 16:29 | Report Abuse

nvm i got time wait.. if discount i will add..

Posted by Markv572421 > 2021-08-26 16:36 | Report Abuse

Wow suddenly buy volume coming in.

Posted by Markv572421 > 2021-08-26 16:38 | Report Abuse

No discount laa i think if like this ....

Posted by Markv572421 > 2021-08-26 16:40 | Report Abuse

See this operator really kick

Posted by Markv572421 > 2021-08-27 13:43 | Report Abuse

just top up

Posted by KML889 > 2021-08-27 21:34 | Report Abuse

What a huge disconnect with rising BDI. Another 40 points up.

Posted by KML889 > 2021-08-27 21:36 | Report Abuse

Will she ever going to wake up..

Posted by Markv572421 > 2021-08-28 06:33 | Report Abuse

just top up

Posted by KML889 > 2021-08-28 21:28 | Report Abuse

Even super promoters are turning lackadaisical and waning. Haha..

Posted by KML889 > 2021-08-28 22:00 | Report Abuse

Seriously we are all aware that she is going to turnaround this year with relatively handsome profit if not turned debts free company notwithstanding bearing the title of one of RK affiliates. What is still fall short of market expectations. it the disgruntled big shots cashing out due to board tussle or simply sick and tired with the company run by Old fashioned management and board members. Is she able to sustain this business model with 5 ships self owned and operates with other leased ships depending on charters? Break even TCE at ???

Posted by KML889 > 2021-08-28 22:02 | Report Abuse

Not sure about you but m still holding and bleeding profusely. Only time can tell.

Posted by Bigbull99 > 2021-08-29 01:00 | Report Abuse

No point of holding guys. Just cash out, yes their earnings is going to be good but ask yourself, they are selling their vassel one by one. Then what business are they going into? I think this is the main reason why insti funds did not enter despite good earnings. No direction, only kept selling selling.

Posted by Markv572421 > 2021-08-30 09:15 | Report Abuse

Operator just hold 0685-069....dont know why

Posted by Markv572421 > 2021-08-30 09:17 | Report Abuse

Come on la operator …people invest a lot of money to your counter ...but did not see any appreciation or improvement on the price.....what you trying to do ...

Posted by wallstreetrookie > 2021-08-30 09:18 | Report Abuse

Lol you are wrong

Posted by Markv572421 > 2021-08-30 09:21 |

Post removed.Why?

Posted by KML889 > 2021-08-30 12:33 | Report Abuse

Still retarded and hopeless today. Sigh

Posted by princehero > 2021-08-30 14:47 | Report Abuse

It’s oredi overvalued… lucky cos BDI pass 4K , if not maybulk might even drop below 0.60..

Posted by princehero > 2021-08-30 14:47 | Report Abuse

Once BDI past 5k maybe it will start to move again

Posted by wallstreetrookie > 2021-08-30 14:52 | Report Abuse

Bank Pembangunan Malaysia dumped almost all their shares. They have equity analysts, CFAs, strategists, economists, accountants. You don't think they found something wrong with this company?

Posted by wallstreetrookie > 2021-08-30 14:52 | Report Abuse

This is a zombie company on the verge of bankruptcy. How many ships can they still sell?

Posted by wallstreetrookie > 2021-08-30 14:55 | Report Abuse

@pingdan's research is heavily flawed. He didn't factor in the future trend in dry bulk industry. He relied on the BDI index like it is gospel. He also did not consider the macroeconomic indicators regarding grain trade and compare it to peers within the shipping industry such as Maersk, Mitsui. Other companies keep acquiring ships and dispose them at a huge profit margin while Maybulk is merely disposing to survive each quarter. Company is going to fold