SincereStockcan someone please enlighten me about bdi? the lower baltic index the better here for this counter's profitability? I am a little confused here
16/01/2024 11:09 PM
SCM2023SincereStock, you can google "What Is the Baltic Dry Index (BDI), and Why Is It Important?" from investopedia.. There is no direct link of BDI to this company. This company is not really good in selecting human talents for their jobs otherwise it is superb company. 😀
so I suppose container freight rate has more real direct influence to this company's profitability? just like HARBOUR?
any comparison between HARBOUR and this company? I am currently holding HARBOUR, would consider diverse a bit of my holding to this company as they got very similar fundamental. just not sure about their business similarities or differences
SincereStockhas been monitoring this counter for quite a while, finally entered a few for the first time at RM0.630 today
good enough bargain I think right before the announcement of the next "potentially" good QR
07/02/2024 12:05 PM
SincereStockvery very similar fundamental with HARBOUR imo, but price more grounded here without much inflated by temporary and potential to end soon red sea crisis. so switched over here like @TiffanixLVxHermes after taking profit at HARBPUR
07/02/2024 12:24 PM
SincereStockand since SYGROUP is more rely on baltic dry index rather than container freight index. next QR (for jun to sep) has very good probability to be delivered better than HARBOUR
07/02/2024 12:27 PM
SincereStockregular share buybacks here also a bonus for it's stability from going downward and good show of confident by the management
07/02/2024 12:32 PM
speakupFundamentally very sound but can't up cos owners only interested to maintain price by share buyback
07/02/2024 12:34 PM
SincereStock@speakup wait for catalyst aka next QR
07/02/2024 1:55 PM
SincereStockprevious catalyst "red sea crisis" lasted too soon
btw I am not interested with FM seems to be quite fair value already comparing to SYGROUP or HARBOUR (refering respective NTA & PE). I would prefer a 0.75 SYGROUP or 1.38 HARBOUR (it's recent peak where I managed to offload a few of my total stacks) than 0.60 FM lol
07/02/2024 2:29 PM
TheNormieTrader it will stay at consolidate zone 0.580-0.680 for weeks and wait for next big move to confirm up or down trend . want to know more check my profile
07/02/2024 2:45 PM
SincereStock@TiffanixLVxHermes better don't get distracted by it's DY while it's revenue / EPS getting downhill, better wait for it's next QR first for further speculations~ price uptrend along with revenue / EPS downtrend a little doesn't make sense there~ just my 2 cents ^_^
07/02/2024 3:03 PM
SincereStockSYGROUP got newly improved recent DY too btw ^_^
07/02/2024 3:05 PM
SincereStocklmao share buyback at preclose prevented me to cut queue to top up a little more at 0.625 lol terus make the counter gap close at 0.64
been wondering who the heck doing that buying 1k lot at 0.640 until official buy back announcement
buy back has not been that much per day recently
luckily only queuing at 0.630 first liners and not kena trapped at 0.64 price lol
07/02/2024 5:19 PM
SincereStock@TiffanixLVxHermes just had a glance back over the recent records, not quite sure what is the hints. just notice the higher the price the lesser the buy back? which is right thing to do I suppose.
I don't think they want to push up the price through buy back anyway, just supporting is good enough, let the market push the price itself up would be a better way to also preserve more value per share
07/02/2024 11:10 PM
SincereStocko yeah another guess without refering back to the records, they do have habit buy back at preclose right? haha perhaps that's it
07/02/2024 11:12 PM
SincereStocknice up 3% 1st day bursa after cny, potentially QR play this time?
13/02/2024 10:00 AM
SCM2023Please push it up so I can sell off my holdings
14/02/2024 10:00 AM
SincereStock@TiffanixLVxHermes imo it all depends on next QR, if result is good, 0.7x is easy, 0.8x also not impossible
15/02/2024 11:12 PM
SincereStockthere is no catalyst to push it up 0.7x before QR release, unless the result is leaked and is actually good
15/02/2024 11:13 PM
SincereStockhmm, seems like today's buyback wasn't done during preclose :-(
16/02/2024 5:38 PM
SCM2023TiffanixLVxHermes and SincereStock, please push it up faster so i clear my position.
SincereStock@emiteno chase high CCK above NTA? haha nah no thanks
25/02/2024 10:53 PM
SincereStocktopped up a few more at 0.645 in response to baltic rising
27/02/2024 11:00 AM
SincereStocksold half at open price of RM0.625, queue other half at RM6.30, after realising situation gone wrong, parked the rest at 0.620, luckily managed to sold the rest before price hit 0.610
why sell all? disappointing QR < enough said
29/02/2024 9:28 AM
SincereStock@indeed already bought a few stakes of HARBOUR yesterday after their QR, will see if still can top up a few at lower price. SYGROUP has been uptrend for almost a year from price 0.500, the uptrent is supported by a few improve QR, but I think this QR is sign of the end of good QR and downtrend may (or may not) begin from here onwards
29/02/2024 11:56 AM
SincereStockcompare both QRs, 1 you can feel positivity especially on prospect and what they will do to improves while they already did well at bottomed container freight rate. another one blame freight rate uncertainty despite baltic index is better during that time and prospect being uncertain and playing defensive. face palm. mistake that I think QR here better due to better baltic index
29/02/2024 12:00 PM
SincereStockluckily still managed to switch with little costs
29/02/2024 12:00 PM
FirefighterSygroup is an ol man stock. Best to pump n dump @ darling Harbour. More volatile..for easy profits :)))
29/02/2024 10:55 PM
SCM2023Is wonderful that i am able to clear all my position in this unmovable counter before QR is out. Hope it can make you all rich but i need to move on to other better companies. Doubt it will has any chances of moving higher. Row row row your boat. Gently down the stream. Merrily, merrily, merrily, merrily. Moving up is but a dream.
01/03/2024 7:26 PM
RX350Day day shares buy back but price moving down
15/03/2024 10:20 PM
SCM2023The price is either stagnant or move up slight then move downward