Investalks 马来西亚中文投资论坛 - 与你一起通往财务自由之路

 找回密码
 注册

最近看过此主题的会员

楼主: chengyk

[公司专区] 5077 Maybulk 大馬散裝貨運

    [复制链接]
x 1075
 楼主| 发表于 2010-3-4 22:22 | 显示全部楼层
刚才翻看了 Maybulk 2009 年几个季的季报,发现一个很奇怪的数据:

2009 1st Quarter
Short term deposits 781,506
Cash and bank balances 34,092

2009 2nd Quarter
Short term deposits 391,161
Cash and bank balances 16,631

2nd Quarter 的 Short term deposits 不见了 4 亿,而我找来找去也找不到去了那里,也因为如此,在季报的 Asset 也少了 4 亿。

看回股权变动更搞笑,只有 EPF 在买卖,其他大股东都没有在动。

x 0 我要送花

x 188
发表于 2010-3-4 22:31 | 显示全部楼层
The $$$ used to invest in POSH

x 0 我要送花

x 1075
 楼主| 发表于 2010-3-4 22:39 | 显示全部楼层
107# 寒江

我也是想是不是投资 POSH 的钱,是在第二季进行的吗?

x 0 我要送花

x 4
发表于 2010-3-4 22:57 | 显示全部楼层
Maybulk要买船了, Kuok觉得经济正在复苏。是不是带表就快有动静,是时候进场了

x 0 我要送花

x 188
发表于 2010-3-5 08:31 | 显示全部楼层
107# 寒江

我也是想是不是投资 POSH 的钱,是在第二季进行的吗?
chengyk 发表于 2010-3-4 22:39


哦,不是 POSH. 记错了。
那笔支出应该是 300mil 的股息。

x 0 我要送花

x 2
发表于 2010-3-6 13:48 | 显示全部楼层
本帖最后由 birdyfly 于 2010-3-6 13:52 编辑

105# chengyk


所以MAYBULK的另类生财之道就是:买卖船只资产。还相当成功,我记得这不只一次了。是吗?Chenyk?

x 0 我要送花

x 1075
 楼主| 发表于 2010-3-6 16:22 | 显示全部楼层
111# birdyfly

是的,Maybulk 在买卖船只方面做得非常出色,也因为如此,在很艰辛的年份了,她的业绩也能做得很好。

x 0 我要送花

x 4
发表于 2010-3-6 16:32 | 显示全部楼层

我也同意, 至少它比MISC处理的好, 潜能还是存在的, 等待吧

x 0 我要送花

x 1075
 楼主| 发表于 2010-3-24 00:14 | 显示全部楼层
Entitlements (Notice of Book Closure)
Reference No CU-100323-56577

Company Name
:
MALAYSIAN BULK CARRIERS BERHAD  
Stock Name
:
MAYBULK  
Date Announced
:
23/03/2010

EX-date
:
16/04/2010
Entitlement date
:
20/04/2010
Entitlement time
:
04:00:00 PM  
Entitlement subject
:
Final Dividend
Entitlement description
:
Final single tier dividend of 15 sen per share
Period of interest payment
:
to
Financial Year End
:
31/12/2009
Share transfer book & register of members will be
:
to closed from (both dates inclusive)  for the purpose of determining the entitlements
Registrar's name ,address, telephone no
:
PPB Corporate Services Sdn Bhd
17th Floor, Wisma Jernah, No. 38 Jalan Sultan Ismail,
50250 Kuala Lumpur
Tel: 03- 2117 0888
Payment date       
:
30/04/2010

a.

Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers
:
20/04/2010

b.

Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
:

c.Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
:

Entitlement indicator
:
Currency
Currency
:
Malaysian Ringgit (MYR)
Entitlement in Currency
:
0.15

Remarks :
The payment of the final single tier dividend of 15 sen per share herein is subject to shareholders' approval at the 21st Annual General Meeting of the Company to be held on 15 April 2010.
           
© 2010, Bursa Malaysia Berhad. All Rights Reserved.


虽然已经一早知道这个股息的消息,可是看到这样的 Announcement 还是会开心的。

x 0 我要送花

x 1075
 楼主| 发表于 2010-3-29 19:30 | 显示全部楼层
General Announcement
Reference No CU-100329-67257

Company Name
:
MALAYSIAN BULK CARRIERS BERHAD  
Stock Name
:
MAYBULK  
Date Announced
:
29/03/2010



Type
:
Announcement
Subject
:
Material Litigation - Everspeed Enterprises Limited against Skaarup Fortune Shipping Ltd

Contents
:
Material Litigation - Everspeed Enterprises Limited against Skaarup Fortune Shipping Ltd

Announcement Details :

We refer to our announcements under the Quarterly Results for the year ended 31 December 2009 in respect of the above-captioned litigation.

Further to the said announcements, the Company wishes to announce that its wholly-owned subsidiary, Everspeed Enterprises Limited (“Everspeed”) had received after office hours on 26 March 2010 (through its Singapore solicitors) Skaarup Fortune Shipping Ltd’s (“SFS”) Points of Defence and Counterclaim filed in response to Everspeed’s Points of Claim.

SFS’s alleged counterclaim is for the following:-

(a)        refund of balance of hire/balance due on the final Charterparty accounts (US$1,700,287.35);

(b)        loss of profit on SFS’s sub-fixture (US$2,473,968.56)

(c)        an indemnity; and

(d)          damages for breach of arbitration agreement.

Our legal advisers remain of the view that Everspeed has a reasonably good case that under the charter party terms, SFS had wrongly terminated the charter party prematurely.  

Accordingly, we do not believe there is any merit in SFS’s defence and/or counterclaim and Everspeed will file its Reply and Defence to the Counterclaim in due course.

This announcement is dated 29 March 2010.

x 0 我要送花

x 4
发表于 2010-4-16 15:02 | 显示全部楼层
Maybulk says dry-bulk sector outlook still foggy

PETALING JAYA: Malaysian Bulk Carriers Bhd (Maybulk), the country’s major dry-bulk shipping company, feels that the sector is still vulnerable to volatility although it has been showing strong recovery in the last six months.

The Baltic Dry Index (BDI), the barometer of dry-bulk vessels rates, averaged 3,249 points in the last six months from the lowest point of last year of 772 points on Jan 5 at the height of the global economic meltdown.


Kuok Khoon Kuan ... ‘Shipyards are now giving discounts.’
Chief executive officer Kuok Khoon Kuan said the outlook of the dry-bulk sector remained foggy although the global economy was showing stronger growth.

“The outlook of the market would depend on investors’ appetite to place new orders for vessels as the price of newbuilding is relatively low compared with a couple of years back as shipyards are now giving discounts to secure new orders,” he told reporters after the company’s AGM yesterday.

“If investors keep on ordering, it may create an oversupply of vessels for the recovering global economy to absorb. We are also concerned about the impact to the global economy of the pulling back of stimulus packages by some governments that might affect the sector.”

Dry-bulk ships carry most of the world’s major commodities such as coal, various types of grains and iron, cement and chemicals, among many others.

But executive chairman Teo Joo Kim added that although the outlook would be quite uncertain, it would not be as bearish as in late 2008 and early last year.

“This is because since then we have seen a lot of scrapping and cancellation of orders. Currently, there is no serious overcapacity situation as most vessels are held up by port congestion in Australia and China,” he said.

Nevertheless, Kuok said the dry-bulk market was full of surprises and difficult to predict.

“For example, no one ever predicted that the dry-bulk market was going to reach its peak on May 20, 2008 when the BDI was at record high of 11,793 points and then crashed to only 663 points within a six-month period.

“For us, the spurts of the sectors do not really bother us but, more importantly, our strategies are for long-term growth of the company,” he said.

“For instance, we sold our vessels when the prices were high back in 2008 and now we are strategising to re-grow our fleet when the prices of vessels are only a fraction of the prices quoted in 2008.”

Maybulk had revealed at its financial results briefing early last month that it was on the lookout to acquire young and modern second-hand dry-bulk ships.

“Since then, we had been inspecting some vessels but none had met our criteria so far in terms of price and specification. We will continue be on the lookout,” said Teo.

source:http://biz.thestar.com.my/news/s ... 31&sec=business

怪不得知今天大跌,不知道下个星期一会不会继续跌。。。最好越跌越多

x 0 我要送花

x 1075
 楼主| 发表于 2010-4-16 20:04 | 显示全部楼层


从以上简单的数据可以看到,Maybulk 在过去两年进入非常凄惨的业绩, Gross profit margin 跌到非常糟糕的地步,可是 2009 年已经开始恢复。

再看 Profit margin,一直都保持很好的状态,大部分都是管理层买卖船只的功劳。

虽然现在运输业的前景还是很悲观,可是 Maybulk 大致上已经跑出了困境,在那么艰辛的时候,公司居然能派发 15 sens 的股息,以目前股价计算,DY 高达 5%。

长远来看,Maybulk 绝对是值得期待的股项。

本帖子中包含更多资源

您需要 登录 才可以下载或查看,没有帐号?注册

x

x 0 我要送花

x 1075
 楼主| 发表于 2010-4-16 20:36 | 显示全部楼层
大馬散裝貨運‧擬趁低購二手船

    * 大馬財經

2010-04-16 12:04

(吉隆坡)大馬散裝貨運(MAYBULK,5077,主板貿服組)有意趁船運市場低迷,低價吸納二手干散貨船,作為營運或再出售用途。

這間公司執行主席張裕錦在股東大會後表示,目前已有數項考量對象,不過仍有待衡量船艦品質與價格後才能做出定奪。

“公司在去年脫售1艘船,目前或是回購的好時機;另外,鑒於油輪營運成本高,而且市場需求量低,公司無意購買該類型船艦,收購對象主要偏向二手散貨船。”

他表示,公司目前持有現金約4億6000萬令吉,足夠供未來任何收購項目,不過,若涉及資金過於龐大,也不排除貸款或向資本市場融資。

船運業首季料勝去年

另外,他表示船運市場已走出2009年初谷底,過去6個月表現強勁,海外市場近期亦出現抬頭徵兆,估計今年首季表現會勝過去年。

不過,他同時補充,船運業前景目前仍未明朗,政府已開始撤回經濟振興配套,這對船運業的影響還有待觀察。

“此外,美元對馬幣持續走疲,亦多少拉低公司營業額。”

這間公司去年脫售“Alam Sempura”船艦,獲利800萬令吉,隨後又趁低價購入兩艘散裝貨運船,目前直接和間接持有12艘散裝貨運船和3艘油輪。
星洲日報/財經‧2010.04.15

http://biz.sinchew-i.com/node/33182

x 0 我要送花

x 1075
 楼主| 发表于 2010-4-22 22:30 | 显示全部楼层
市場需求不明朗‧大馬散裝貨運受拖累
2010-04-22 17:44

(吉隆坡)全球鐵礦石壟斷及杯葛事件導致市場的需求處於不明朗的狀態,僑豐研究認為,大馬散裝貨運(MAYBULK,5077,主板貿服組)的業務也受到拖累,加上以季度合約機制計算的合約也將令原產品陷入波動困境。

3月鐵礦石生產商淡水河谷(Vale)及必和必拓(BHP Billiton)首次調整鐵礦石基準合約,轉以季度計算。接著力拓(Rio Tinto)同樣在上週採用新的價格系統。

目前這三家最大的鐵礦石生產商已控制全球逾三分之二的鐵礦石貿易。儘管仍無法掌握新系統的詳情,加上大部份業者並未實行正式的合約,所以很明顯的,以季度計算的價格機制將導致原產品的需求出現波動性。

僑豐指出,鐵礦石壟斷及杯葛事件也令波羅的海指數(BDI)的走勢受限。較早前鐵礦石價格飆漲,由於無法談妥協議,促使中國鋼鐵協會呼吁鋼鐵公司展開杯葛行動,拒絕向這三大鐵礦石生產商購買商品,拖累整體的市場交易。

同時,中國貿易組織也禁止其成員進口少過60%鐵礦的鐵礦石,更影響市場的需求。中國政府也懷疑這三大鐵礦石生產商企圖壟斷市場,因都幾乎在同一時間更改合約期限基準。

僑豐表示,無論是在供應、運送、標價及時間方面都像是配合好,顯露壟斷現象。隨中國禁止進口鐵礦石的禁令可能再維持超過1個月,目前令人感到擔憂的是下半年的運送高企,不過隨全球經濟仍處於疲弱狀態,過剩的供應將考驗市場的消耗能力。

油輪市場仍顯疲態,其中波羅的海清潔油輪(BCT)指數鞏固在600至800點。全球油輪的供需差距對上升空間造成阻撓,預期油輪市場的“L”形復甦更令分析員感到悲觀。

另外,大馬散裝貨運持股21.23%子公司PACC岸外服務控股公司的租用率走低,導致盈利貢獻也下滑,料下半年才能回揚。

僑豐維持這間公司“中和”評級,目標價訂在3令吉零3仙。
星洲日報/財經‧2010.04.22

http://biz.sinchew-i.com/node/33344

x 0 我要送花

x 935
发表于 2010-4-25 05:39 | 显示全部楼层
本帖最后由 tcs 于 2010-4-25 05:42 编辑

如果我没说错,charter-hire是租船的费用,charter-in是行船的收入。

通常charter-hire是long term contract,租金给足一年(不管船有没有跑)。 假设你的船载运量是80%,运费价格正常,一年跑足330天,那么理论上就可以cover charter-hire了。

这些租船的公司,可能是债券化的公司(也可能是公司自己成立的SPV),目的是融资。

x 0 我要送花

x 2499
发表于 2010-4-27 22:29 | 显示全部楼层
2536

从以上简单的数据可以看到,Maybulk 在过去两年进入非常凄惨的业绩, Gross profit margin 跌到非常糟糕的地步,可是 2009 年已经开始恢复。

再看 Profit margin,一直都保持很好的状态,大部分都是管理层 ...
chengyk 发表于 2010-4-16 20:04


我曾经拥有这公司的股票,2天。
然后就卖了,最重要的原因,是我觉得我有太多经济循环公司的股票。
钢铁现在大热,公司运输铁砂应该有不错的盈利,但是碍于公司的船只都卖了7788,购置新船尤其是二手的很讲究时间和价格,
所以在未来,DY5%已经不错了。需要更好的盈利,需要等到2010年后才会有。

x 0 我要送花

x 10
发表于 2010-5-18 12:15 | 显示全部楼层
Shipping companies believe worst over
By Goh Thean EuPublished: 2010/05/18

MALAYSIAN shipping companies, especially those involved in cargo and container businesses, may see a reversal in fortune this year, after seeing their sales and earnings suffer for the past two years.

Most of these shipping firms, such as Malaysian Bulk Carriers (MBC), Global Carriers Bhd, PDZ Holdings Bhd and Swee Joo Bhd, have either recorded lower earnings, or registered wider losses last year.

Some of the shipowners suffered worse fates. Nepline Bhd, which saw its nine-month net loss expand fivefold to RM10 million is now delisted. Malaysian Merchant Marine, which saw nine-months net loss expand by about fourfold to RM17 million, may face delisting too.

Investors are also shunning most of these shipping firms as their share prices are trading lower so far this year and are underperforming the benchmark FTSE Bursa Malaysia KLCI by a significant margin.


Industry players believe that they have seen the worst, and are cautiously optimistic on brighter days ahead.

"I think as far as earnings and revenues are concerned, the shipping industry has already seen its worst. Nevertheless, I'm still cautiously optimistic on the industry's outlook, because eventhough demand has picked up, there's still a supply glut in the industry for now.

"Newbuilding cancellations and slippage have somewhat help remove excess build up on container tonnage. I believe the dry bulk sector has seen some improvement and this is also depending on China appetite on iron ore and coal. Overall, we expect the situation to improve over time," said shipping firm Halim Mazmin Bhd (HMB) executive chairman Tan Sri Halim Mohammad.

HMB was taken private last year.

Analysts expect most shippers' to face challenges to grow its earnings over the short to medium-term, partly due to challenging competition.

"We expect demand will not be able to grow fast enough to meet the supply in the industry, this will hurt shippers' margin as they may lower their charter rates," said a local analyst when contacted.

Nevertheless, analysts and industry players believe that the industry is not heading towards a dead end, and expects government and relevant authorities to play a bigger role to grow the shipping industry.

"Although the country is strong in oil and gas support services like shipping oil and gas supplies, but as far as containers and cargo shipping industry is concerned, it is still relatively subdued. There's certainly room for growth," said an industry player.

They also agreed that local banks can play a role too, in growing the sector.

"For the Malaysian maritime industry to prosper, we certainly need the strong support from financial institutions," added Halim.

Although most analysts remain either neutral or pessimistic on the industry, but some remain hopeful that the industry may rebound.

"There's still catalysts for an upwards rerating of share prices. If the growth is sustainable over the mid-to-long term period or if its growth is above expectations, we may need to relook at the shipping stocks," said the analyst.

http://www.btimes.com.my/Current ... cles/goh16/Article/

x 0 我要送花

x 1075
 楼主| 发表于 2010-5-18 19:40 | 显示全部楼层
Financial Results
Reference No MBC-100518-664AE

Company Name
:
MALAYSIAN BULK CARRIERS BERHAD  
Stock Name
:
MAYBULK  
Date Announced
:
18/05/2010
Financial Year End
:
31/12/2010
Quarter
:
1
Quarterly report for the financial period ended
:
31/03/2010
The figures
:
have not been audited

Converted attachment :



Please attach the full Quarterly Report here:




Remark:




  • DEFAULT CURRENCY
  • OTHER CURRENCY



Currency
:
Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/03/2010

INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/03/2010
31/03/2009
31/03/2010
31/03/2009
$$'000
$$'000
$$'000
$$'000
1Revenue
114,431
52,676
114,431
52,676
2Profit/(loss) before tax
53,476
14,257
53,476
14,257
3Profit/(loss) for the period
52,998
16,051
52,998
16,051
4Profit/(loss) attributable to ordinary equity holders of the parent
51,361
14,703
51,361
14,703
5Basic earnings/(loss) per share (Subunit)
5.14
1.47
5.14
1.47
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00








AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.7926
1.7871

x 0 我要送花

x 1075
 楼主| 发表于 2010-5-18 19:41 | 显示全部楼层
Maybulk Profit margin 的 Summary:

本帖子中包含更多资源

您需要 登录 才可以下载或查看,没有帐号?注册

x

x 0 我要送花

x 1075
 楼主| 发表于 2010-5-18 20:46 | 显示全部楼层
131# MillionPool

如果你比较 2007 和 2008 的数据,这个季还是很差。而且管理层也在季报里说前景还不明朗,所以股价已经不会有很大的变动。

x 0 我要送花

发表回复

您需要登录后才可以回帖 登录 | 注册 |

本版积分规则

Google 搜索本站 搜索WWW

快速回复 返回顶部 返回列表