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sell on news? quite don' t understand, obviously company doing well with increasing profits, no need guidance, everyone can see. Now get punsihed for what..
Did Samudera Shipping Line satisfy its disclosure obligations on profit guidance?
THE share price of Samudera Shipping Line : S56 +5.88% shot up by 42 per cent to S$1.15 over a period of less than 2 weeks between Jul 13 and 25, before it announced its half-yearly profit 2 days later.
The counter&rsquo s spectacular performance attracted a query from the regulatory unit of the Singapore Exchange (SGX) on Jul 21, when its share price rose 9.1 per cent on trading volume that had trebled from the previous day. SGX Regulation (SGX RegCo) queried the Indonesia-based carrier near market closing.
In contrast, the Straits Times Index eked out a gain of 1.7 per cent in the Jul 13-25 period, and clocked a decline of 0.6 per cent the day Samudera was quizzed for its &ldquo unusual price movements&rdquo .
The company, which has been listed in Singapore since 1997 and subsequently graduated to the mainboard in 2000, told the market regulator that it was &ldquo not aware of any information not previously announced&rdquo concerning it and its units, or any other possible reasons that might explain the trading.
The carrier also confirmed that it has complied with the listing rules, in particular Rule 703, which obliges listed companies to disclose any information &mdash with certain exceptions &mdash necessary to avoid a false market in the trading of their shares or that would be likely to materially affect the price or value of their shares.
The corporate disclosure policy mentioned in Rule 703 sets out examples of various events requiring immediate announcements by a listed company, including significant improvement or deterioration in its near-term earnings prospects.
Less than a week after it responded to the SGX RegCo query, Samudera &mdash which has benefited from pandemic-fuelled e-commerce and logistics demand &mdash reported a 367.6 per cent year-on-year increase in its half-year net profit to US$171.7 million.
Could Samudera have known about its profit with some certainty when the stock price started its ascent on Jul 13, some 2 weeks before the release of its financial results? If it had not, what about when it received the SGX RegCo query?
SGX RegCo will review the disclosures of Samudera and &ldquo investigate into any potential breaches of the listing rules&rdquo , a spokesperson told The Business Times.
At least 8 listed companies have flagged significant profitability changes in the last fortnight, all about 14 days ahead of the release of their financial statements. Centurion Corp : OU8 +1.32%, notably, said its profit for the half year to June would be at least 250 per cent higher compared to the year-ago period.
When Samudera reported in February that its earnings for FY2021 were 16 times compared to the previous year, the company also did not precede it with a profit guidance. While it might be a company that is not used to trumpeting its stellar performance, the disclosure requirement is there for a reason &mdash to level the playing ground for all market participants.
https://www.businesstimes.com.sg/opinion/did-samudera-shipping-line-satisfy-its-disclosure-obligations-on-profit-guidance
ozone2002 ( Date: 03-Aug-2022 20:14) Posted:
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1.26 
+0.07
distribution detected
best opportunity for BBs to offload to unsuspecting retailers as the stock rockets
gd luck dyodd
+0.07distribution detected
best opportunity for BBs to offload to unsuspecting retailers as the stock rockets
gd luck dyodd
ozone2002 ( Date: 01-Aug-2022 21:35) Posted:
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BBs or institutions stealthily accumulating?
TheMatrix ( Date: 03-Aug-2022 16:28) Posted:
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Good stock no need to scare price high. Price now still cheap. $1.5 on the way.
positivity88 ( Date: 03-Aug-2022 16:09) Posted:
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1.26 the algo still taking ... power u add it all up at least 500k shares
Price still too cheap with dividends coming
got algo taking 1.24 every minute.. and increasing by 100 shares every minute.. anyone sell hit the algo? can share counterparty?
Samudera Shipping management is very shrewd. It has used recent profits to build up its tanker and logistics segments. Its dry bulk shipping is likely also ready to seize opportunities.
Container shipping profit growth will eventually slow down. Consumers can cut down buying but they cannot cut down on heating, staple food and essentials. Coal, grains and toilet paper etc need dry bulk shipping. Oil and chemicals for industrial processing need tankers. Profits from these segments should continue to grow.
Container shipping profit growth will eventually slow down. Consumers can cut down buying but they cannot cut down on heating, staple food and essentials. Coal, grains and toilet paper etc need dry bulk shipping. Oil and chemicals for industrial processing need tankers. Profits from these segments should continue to grow.
1.30 today? bo pi bo pi
moving nicely
I think final/special dividends for FY22 will be in 25~30 cents range. We' ll see end Feb next year.
bryan2003 ( Date: 03-Aug-2022 11:23) Posted:
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Based on the CEO' s comment, second half will be even better. From previous track record, this CEO walk the talk. Hence, indirectly hinted Samudera Singapore will be better as big portion of PT Samudera profit is contributed by shipping.
https://indoshippinggazette.com/2022/samudera-enjoyed-fantastic-profit-growth-in-h1-up-391-yoy/
Another positive news.
https://money.udn.com/money/story/5599/6506370?utm_source=facebook& utm_medium=social& utm_campaign=normal& fbclid=IwAR2B65zpcMvHe_2WIKYmOaZpMI5xB1HH5Xcy5SApwiNfXNkAaLxTnH5fG3E
https://money.udn.com/money/story/5599/6506370?utm_source=facebook& utm_medium=social& utm_campaign=normal& fbclid=IwAR2B65zpcMvHe_2WIKYmOaZpMI5xB1HH5Xcy5SApwiNfXNkAaLxTnH5fG3E
one black swan possibility is tension in the south china sea
TheMatrix ( Date: 02-Aug-2022 10:39) Posted:
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Quite true but the point is , still not peak, There is still more room for improvement. Gloves are low end business which easily produce and ramp up but not shipping. Port congestion, ships, manpower are something that cannot be ramp up and solved like gloves.
bamboo300306 ( Date: 02-Aug-2022 01:45) Posted:
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Now not the peak yet..
This type of price movement like glove stock. Take profit if and don't chase for the peak. Shipping business is not rock science. I am not vested.
TheMatrix ( Date: 01-Aug-2022 21:52) Posted:
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With dividends coming at current price , this is still a bargain. There is still more for improvement. Near the dividend date then will be a better choice of taking dividend or margin profit.
ozone2002 ( Date: 01-Aug-2022 21:35) Posted:
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