Posted by GemSeekers > 2024-07-03 14:42 | Report Abuse

sealink on fire

Posted by HugoUPUPUP > 2024-07-04 05:58 | Report Abuse

Looks like will fly this stock

Posted by anghockkeong151177 > 2024-07-11 10:38 | Report Abuse

Perdana go higher as 48sen already.Sealink will the next break 40sen soon.500m issue share only,no any right issue what ever QTR loss.Good job management team.

Posted by JamesTalk > 2024-07-18 16:43 | Report Abuse

breakout soon

Posted by GemSeekers > 2024-07-19 09:45 | Report Abuse

nice double cup , breakout is in the blink

Posted by sbzk > 2024-07-19 09:52 | Report Abuse

https://www.instagram.com/p/C9OeY3wgh7M/

Posted by GemSeekers > 2024-07-22 09:40 | Report Abuse

opportunity

Posted by GemSeekers > 2024-07-22 10:45 | Report Abuse

buy on dip , is a opportunity . sealink will show good QR next month .

Posted by GemSeekers > 2024-07-22 10:49 | Report Abuse

fair value TP 0.55- 0.72

Posted by jomvalueinvest2 > 2024-07-22 10:54 | Report Abuse

Any good news on Sealink?

Posted by GemSeekers > 2024-07-22 11:15 | Report Abuse

sealink already confirm confident show positive growth on coming QR . retailers all panic selling . it will rebound eventually .

Posted by GemSeekers > 2024-07-22 11:46 | Report Abuse

managing director acquired 0.315 at 10 jun 2024 , so guess the hidden messages .

Posted by GemSeekers > 2024-07-22 15:07 | Report Abuse

rebounding

Posted by GemSeekers > 2024-07-24 10:34 | Report Abuse

sail sealink

Posted by cactus81 > 2024-07-24 15:01 | Report Abuse

M&G, Perdana and Key field al up... Sealink is the cheapest Osv player because the price is not moving up. Instead it is moving down. Capital is small. So Eps tend to higher than Perdana and M&G. Next few month there is a contract renewal. Managing director even buying the stock
... Many good new but share price still cannot move up

Posted by GemSeekers > 2024-07-25 09:15 | Report Abuse

sealink still to sarawak agenda , no worry about us market drop . any panic sell is opportunity

Posted by cactus81 > 2024-07-25 12:05 | Report Abuse

Financially improvement. Loan reduce. Profit increase. Daily charter rate also increase. ONow even monsoon period is over. Business should be very good. Only share price down... Time for accumulation

Posted by GemSeekers > 2024-07-25 14:10 | Report Abuse

just US market sentiment kacau , sealink is growing tie with sarawak 2030 economoy plan , benefit from oil n gas expansion in sarawak . going big this round , demand is huge . any panic sell is an opportunity , will back to uptrend soon .

Posted by Rocky Mass > 2024-07-26 09:47 | Report Abuse

TAS dropped alot!

Posted by GemSeekers > 2024-07-26 10:29 | Report Abuse

come to SEALINK then , engine about to start dont too late

Posted by jomvalueinvest2 > 2024-07-27 09:50 | Report Abuse

The engine was already started in April lo

Posted by speakup > 2024-07-27 10:57 | Report Abuse

Engine starting 2nd round

Posted by GemSeekers > 2024-07-29 09:43 | Report Abuse

yeah , gonna start 2 round

Posted by GemSeekers > 2024-07-29 15:43 | Report Abuse

sail stronger SEALINK

Posted by Rocky Mass > 2024-07-30 15:41 | Report Abuse

Looks mere distribution

Posted by jomvalueinvest2 > 2024-07-31 14:42 | Report Abuse

Oil up over fears of widening conflict in oil-rich Middle East !

https://www.aa.com.tr/en/economy/oil-up-over-fears-of-widening-conflict-in-oil-rich-middle-east/3288127

Posted by GemSeekers > 2024-08-05 09:13 | Report Abuse

crisis = opportunity

Posted by GemSeekers > 2024-08-05 11:10 | Report Abuse

v shape recovery , nice

Posted by speakup > 2024-08-05 11:10 | Report Abuse

Ni semua pasal Pmx. He's more interested in Palestine than our economy

Posted by GemSeekers > 2024-08-05 14:54 | Report Abuse

calm down , no need to panic sell .

Posted by GemSeekers > 2024-08-06 10:36 | Report Abuse

sealink follow abg Jo agenda , no prob

Posted by Rocky Mass > 2024-08-06 10:37 | Report Abuse

Look distribution is over.. good luck..

Posted by GemSeekers > 2024-08-06 10:52 | Report Abuse

big boy heavily absorb panic sell

Posted by GemSeekers > 2024-08-06 14:52 | Report Abuse

overcome tide sealink

Posted by Rocky Mass > 2024-08-06 15:23 | Report Abuse

Congrats!! Set and Sail SEALINK!!!!

Posted by Muffy66 > 2024-08-06 16:46 | Report Abuse

Ez for sealink

Posted by GemSeekers > 2024-08-07 08:49 | Report Abuse

Hong Leong Investment Bank

Sealink International
Staging a huge comeback
Sealink owns 19 active OSVs that are mainly chartered to the O&G industry, and
provides shipbuilding and repair services. FY23 blended fleet utilisation was
about 60% in FY23 and we believe it will trend upward to over 68% in FY24,
driven by the robust offshore maintenance activities amidst an acute shortage
of Malaysian-flagged OSVs. Sealink is aiming to secure a few vessels to be
chartered under the POV program. Nearly all vessels are currently chartered
under spot rates, until the POV awards are officially concluded. We expect
Sealink to return to black in FY24f, backed by higher utilisation rate at 68% and
blended DCR of RM30k/day. We value Sealink at RM0.52 based on 10x mid-FY25
EPS, a discount to 14x PE that we typically ascribe to OGSE players. We view
Sealink as a laggard in the OSV space due to its undemanding valuation amidst
an imminent earnings upcycle. Sealink is currently trading at 7x FY24f earnings.

Background. Based in Sarawak, Sealink owns a fleet of marine support vessels that
are mainly chartered to the O&G industry, while also offering shipbuilding and repair
services. The group currently charters 19 OSV fleets, including multi-purpose supply
vessels (MPVs), AHTS, seismic support and straight supply vessels, with an average
age of 12 years. We highlight that MPVs can be converted into other vessel types (i.e.
PSV/utility vessel) by undergoing certain installations, therefore enhancing its portfolio
versatility. For its shipbuilding division, it is supported by its shipyard in Miri, Sarawak,
which has constructed 68 vessels since 1999.

Busy times ahead. Sealink’s FY23 blended fleet utilisation was about 60% in FY23
and we believe it will trend upward to over 68% in FY24, driven by the robust offshore
development and maintenance activities amidst an acute shortage of Malaysianflagged
OSVs.
However, we flag that three vessels are currently inactive and awaiting spare parts for dry-docking exercises which are slated to be completed in 2H24. The return of these vessels should provide further utilisation upside in FY25.
Meanwhile, its fleet DCR has also improved drastically. For instance, its 48-metre MPVs are now chartered at
RM15-20k/day, having doubled from its trough few years ago. Readying for POV tender. We gathered from management that it is aiming to secure a few vessels to be chartered under the POV program (3 years firm period). Nearly all vessels are currently chartered under spot rates, until the POV awards are officially concluded, likely in 2H24. Our checks indicated that the DCR under the POV tender will be similar to the current market spot rates, which we deem positive for the winners due to earnings security enhancement in the coming years. To this end, Sealink has set aside a budget of c.USD10m to purchase one or two used AHTS while looking to dispose of two vessels with aged above 15 years.

Posted by GemSeekers > 2024-08-07 08:49 | Report Abuse

Shipyard revival a rerating catalyst? We also expect the long-awaited Safina 2
program to finally be awarded next year. Although we are uncertain if Sealink will win any vessels, the rollout of Safina 2 could potentially spur its shipbuilding orders given its yard’s track record in building OSVs. Management shared that its yard has the capacity to produce 3-4 vessels at one time, which are to be delivered on a staggered
basis. Furthermore, the Sarawak’s ongoing project of deepening the Kuala Baram Delta for Miri Port will enhance accessibility for larger cargo vessels. In our view, this will bolster its yard activities when the dredging project is completed in 2027. We note that the revenue contribution from its shipbuilding division is miniscule at this juncture as it mainly provides maintenance work for its own vessels and external parties.
Therefore, any positive developments on this front could meaningfully elevate its
revenue base and potentially rerate the stock.


Financials. We expect Sealink to return to black with core earnings of RM22.5m in
FY24f, backed by stronger blended utilisation rate at 68% and blended DCR of
RM30k/day as well as absence of lumpy one-off expenses that were incurred in FY23
(i.e. dry-docking costs and penalties). Subsequently, we project further earnings
growth of 31% in FY25, lifted by higher fleet utilisation at 75% and DCR of RM33k/day.
Balance sheet wise, Sealink’s net gearing stood at a sturdy 0.06 times as at end1Q24.
We highlight that almost half of its total borrowings are revolving credits, which are all classified under current
liabilities.


Non-rated, fair value of RM0.52. We value Sealink at RM0.52 based on 10x midFY25f
EPS, a discount to 14x PE that we typically ascribe to OGSE players. At current price, Sealink is currently trading at 7x FY24f earnings. We view Sealink as a laggard in the OSV space due to its undemanding valuation amidst an imminent earnings upcycle.

Posted by GemSeekers > 2024-08-07 08:52 | Report Abuse

HLIB have almost same fair value with me . i expect more catalyst is coming tally with Sarawak Development alongside with Petros . TP 1 -1.2

Posted by GemSeekers > 2024-08-07 13:59 | Report Abuse

https://theedgemalaysia.com/node/721965

Posted by GemSeekers > 2024-08-07 14:00 | Report Abuse

No institutional analysts cover the stock yet . once institution mop up , its gonna fly .

Posted by GemSeekers > 2024-08-07 15:50 | Report Abuse

break 0.350 will fly

Posted by 45AMG > 2024-08-07 16:14 | Report Abuse

break 0.35.. sealink will sailing soon.. short term TP 0.41

Posted by GemSeekers > 2024-08-07 16:17 | Report Abuse

strong buy , dont wait institution mop up . next stop could be 0.470 before QR

Posted by 45AMG > 2024-08-07 16:18 | Report Abuse

QR out expected by end Aug isn't it?

Posted by GemSeekers > 2024-08-07 16:21 | Report Abuse

yes

Posted by GemSeekers > 2024-08-07 16:43 | Report Abuse

dont miss the chance , tomorrow might start to move higher

Posted by GemSeekers > 2024-08-08 09:32 | Report Abuse

Green in the red sea , how good is it

Posted by GemSeekers > 2024-08-08 09:35 | Report Abuse

Next stop 0.470

Posted by 45AMG > 2024-08-08 09:41 | Report Abuse

Nice.. Good momentum