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SAMUDERA SHIPPING LINE LTD
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ThankYou
Supreme |
06-Apr-2021 09:44
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Yes I bought too early in the morning at 33 cents. Maybe wrong move, always buy the dip, not the spike.
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Joelton
Supreme |
06-Apr-2021 09:30
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Samudera Shipping riding the Covid-19 tide
Shares up 26 per cent this year, closing at a 52-week high of S$0.315 on Monday, but brokers say it remains undervalued
RECENT shortages and disruptions in the shipping industry have generated interest in Samudera Shipping Line, a container shipping line serving the Asian region. The stock is up 26 per cent this year, closing at a 52-week high of 31.5 Singapore cents on Monday, but brokers say it remains undervalued.
Lim & Tan on Monday initiated coverage of Samudera with a " buy" call and a target price of S$0.49, which implies an upside potential of 55.5 per cent. Meanwhile, UOB Kay Hian (UOBKH), in an unrated note, highlighted the counter' s respectable dividend yield.
Covid-19 lockdown measures have boosted e-commerce sales, creating additional demand for container shipping. On the supply side, the pandemic has led to port congestion and lack of manpower to work the docks - resulting in reduced capacities.
These demand and supply pressures have been beneficial for Samudera, analysts said, pushing freight rates up and supporting Samudera' s revenue.
" The shipping container industry has been plagued with oversupply issues for many years, and Covid-19 provides a chance for shipping firms to increase their profitability," said Lim & Tan.
Samudera is in a particularly good position because of its healthy balance sheet. The Indonesian shipping company' s net cash pile is roughly half of its market cap, which would eliminate any immediate threat of solvency issues should another crisis happen.
Its cash position should also support a steady dividend. UOBKH noted that Samudera has, over the last six years, paid out more than 20 per cent of its earnings in dividends. It also paid a dividend even when it reported losses in 2016.
Samudera' s net profit increased 85 per cent year on year in FY2020, to US$7.2 million.
Lim & Tan is expecting net profit to rise to US$20 million in FY2021.
Based on this projection, Samudera is trading at 5.5 times' forward earnings. This is much lower than the average of 8.7 times at which Samudera' s peers trade, Lim & Tan says.
As the outlook for the container shipping industry has improved, the shares of shipping container companies have soared - some by as much as 15 times their 52-week lows. Samudera, meanwhile, is only three times its 52-week low.
Samudera' s peers also trade at an average of 2.4 times their book values while Samudera is trading at 0.56 time its book value.
" We think that Samudera can and should trade at a much higher price as it has still room to grow," Lim & Tan added.
While the " supernormal profits" of the shipping industry will not last, the brokerage believes there is an opportunity for shareholders to benefit from favourable industry winds in 2021.
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Ligaya
Master |
06-Apr-2021 09:21
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winter is over, is spring time looking forward to next tp at 40 |
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SlothSG
Senior |
05-Apr-2021 18:05
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superstartup
Elite |
05-Apr-2021 14:56
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Thanks bro. Same to you. Huat ah !
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Contratrader
Elite |
05-Apr-2021 14:49
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Huat la, bro !
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superstartup
Elite |
05-Apr-2021 14:44
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Made 2 rounds. Nice. |
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SmallSmall
Supreme |
05-Apr-2021 14:20
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SmallSmall
Supreme |
05-Apr-2021 14:08
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LIM & Tan Securities has initiated coverage on Samudera Shipping Line at " buy" with a S$0.49 target price, saying the counter is relatively undervalued compared to its peers. In a Monday report, the researchers described Covid-19 as the " perfect storm for the recent boom in the container shipping industry" . The brokerage noted that on the demand side, lockdown measures have boosted e-commerce sales and consequently increased the need for container shipping. On the supply side, there has been reduced capacity due to port congestions and lack of manpower to work the docks. This bottleneck has caused a surge in freight rates, a direct revenue driver for Samudera. |
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Contratrader
Elite |
05-Apr-2021 13:09
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Moving......UOB KH has a non rated report today..saying it " trading at a hugh bargain" Trading at 6.5x PE and 0.6x P/B vs peer' s average of 12.1x PE and 3.1x P/B Net cash forms 50% of its market cap.. |
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tt_lau
Member |
05-Apr-2021 09:29
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Samudera share price is recovering back. Starting to see articles featuring Samudera with the recent Suez Canal incident: https://nextinsight.net/story-archive-mainmenu-60/944-2021/14103-shipping-industry-in-the-spotlight B. Riley Securities analyst Daniel Day was quoted in that same article, saying: &ldquo We now expect container shortages to last through at least Q2 and [to be] increasingly likely for the majority of 2021.&rdquo |
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tt_lau
Member |
06-Mar-2021 15:13
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Regional Container Lines Public Company Limited (RCL. BK)
Regional Container Lines has recently hit a high of 28.3 baht, more than 16times from its 52week low of 1.7 baht. Comparatively, Samudera share price had had not seen much progress in a booming container shipping cycle period. Although it still deliver profits, the latest financial results does not meet what market is expecting.
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Ligaya
Master |
03-Mar-2021 14:02
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slow and steady going past the winter storm towards spring | ||||||||||
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Ligaya
Master |
25-Feb-2021 10:20
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still better than 2019, at least gearing is good (conservative) considering they added 9.5m impairment of old ships looks like expansion on freight than dry bulk, plan the money, forward looking.....
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Stocksguru
Master |
25-Feb-2021 10:10
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Go more cash but dividend give somlittle
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Ligaya
Master |
25-Feb-2021 09:59
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yeah, maybe sell on news. Also provisions on impairing a few older ships but cash flow and positioning ok, added somemore at 245 during morning dump
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Joelton
Supreme |
25-Feb-2021 09:36
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Samudera Shipping records 89% jump in FY2020 earnings, to pay special dividend
Samudera Shipping Line has reported FY2020 revenue of US$347.9 million, down 6.9%. However, thanks to a combination of lower operating costs, mainly fuel, it was able to report 89% y-o-y jump in earnings to US$7.2 million.
For the year ended Dec 31 2020, the shipping line based out of Indonesia handled a 7.5% jump in container volume.
From 1.2 million twenty-foot equivalent units handled back in FY2019, the company handled 1.3 million TEUs last year, thanks to a &ldquo sharp turnaround&rdquo in container shipping activity in the second half of the year.
As at Dec 31 2020, cash and bank balances stood at US$80.8 million, significantly higher than US$56.5 million as at end-FY19, due to better operating profits and lower receivables.
The company plans to pay a final dividend of 0.75 cents, and a special dividend of 0.3 cents, bringing FY2020 total to 1.05 cents. In contrast, it paid just 0.75 cents per share for FY2019.
The company notes that the pandemic has &ldquo greatly disrupted&rdquo global supply chains in the first half of FY2020, causing &ldquo pent up&rdquo demand for container services in the second half of the year.
&ldquo While freight rates have been sustained at higher levels as a result, the group is nevertheless mindful of the impact of port delays and the volatile bunker price on operating costs,&rdquo the company says.
&ldquo In addition, the rising demand for container shipping services has also led to an increase in vessel charter cost as charter hire rates begin to pick up,&rdquo says the company in its earnings commentary,&rdquo Samudera adds.
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Stocksguru
Master |
25-Feb-2021 09:32
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bad result compare to it peers.
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Ligaya
Master |
25-Feb-2021 09:13
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https://www.theedgesingapore.com/news/results/samudera-shipping-records-89-jump-fy2020-earnings-pay-special-dividend
Samudera Shipping records 89% jump in FY2020 earnings, to pay special dividendThe Edge Singapore Published on Wed, Feb 24, 2021 / 9:43 PM GMT+8 / Updated 11 hours ago
Samudera Shipping Line has reported FY2020 revenue of US$347.9 million, down 6.9%. However, thanks to a combination of lower operating costs, mainly fuel, it was able to report 89% y-o-y jump in earnings to US$7.2 million.
For the year ended Dec 31 2020, the shipping line based out of Indonesia handled a 7.5% jump in container volume. From 1.2 million twenty-foot equivalent units handled back in FY2019, the company handled 1.3 million TEUs last year, thanks to a &ldquo sharp turnaround&rdquo in container shipping activity in the second half of the year. As at Dec 31 2020, cash and bank balances stood at US$80.8 million, significantly higher than US$56.5 million as at end-FY19, due to better operating profits and lower receivables. The company plans to pay a final dividend of 0.75 cents, and a special dividend of 0.3 cents, bringing FY2020 total to 1.05 cents. In contrast, it paid just 0.75 cents per share for FY2019. The company notes that the pandemic has &ldquo greatly disrupted&rdquo global supply chains in the first half of FY2020, causing &ldquo pent up&rdquo demand for container services in the second half of the year. &ldquo While freight rates have been sustained at higher levels as a result, the group is nevertheless mindful of the impact of port delays and the volatile bunker price on operating costs,&rdquo the company says. &ldquo In addition, the rising demand for container shipping services has also led to an increase in vessel charter cost as charter hire rates begin to pick up,&rdquo says the company in its earnings commentary,&rdquo Samudera adds. Samudera closed Feb 24 at 28 cents, down 1.75%. In March last year, it was trading at around 11 cents. |
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Stocksguru
Master |
24-Feb-2021 12:02
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Today alot dumping this stocks.
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