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2641-2660 of 2834
$0.76! Chiong ah!
Hot stock: Samudera Shipping up 27% after declaring high FY21 special dividend
FRI, FEB 25, 2022 - 9:52 AM
UPDATED FRI, FEB 25, 2022 - 6:41 PM
Above: Samudera-branded shipping containers at a shipping terminal in Yangon, Myanmar. As at 9.19 am, the counter climbed as much as 22.6 per cent to hit S$0.705 after some 4.9 million shares were traded.
PHOTO: BLOOMBERG
SHARES of Samudera Shipping Line SamuderaShipping: S56 +25.22% shot up to an all-time high in on Friday (Feb 25) after the shipping company declared a special dividend of S$0.1275 per share in its results for the financial year ended Dec 31, 2021.
Keep for long..more upside to come
Everyday ( Date: 25-Feb-2022 21:13) Posted:
Great dividend at 12c ....one of the highest in the mkt. No wonder price shot up fr 65c to 72c.
Yesterday close was 0.575. |
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Great dividend at 12c ....one of the highest in the mkt. No wonder price shot up fr 65c to 72c.
Yesterday close was 0.575.
NOL *sigh*
Oh well, at least I reinvested in something that has gotten better returns.
This stock has great fundamentals. If not for the war, this counter should be flying even higher. Actually just a few days back Ven Sreenivasan from the Straits Times did a great piece on the company. Don' t think people took much notice. Actually his analysis is always really good.
Samudera Shipping Line declares 12.75 Singapore cents special dividend as FY2021 net profit rises
Revenue rose 51.5 per cent to US$527 million in FY2021 from US$347.9 million the year before due to stronger contributions from the container shipping segment. PHOTO: SPH
SAMUDERA Shipping Line SamuderaShipping: S56 0% on Thursday (Feb 24) posted a net profit of US$128.6 million for the full year ended Dec 31, 2021, from US$7.2 million the year before due to better performance from its container shipping segment a a result of higher freight rates.
The board has a special dividend of 12.75 Singapore cents , higher than the 0.30 cent special dividend declared the previous year. A final dividend of 0.75 cent was also proposed, unchanged from the corresponding period the previous year.
With the severe congestion at ports around the world, Samudera is expecting upward pressure on freight rates as well as robust demand for shipping services given the gradual reopening of economies globally.
This will also mean higher operating costs and costs associated with delays in vessel turnaround, said Samudera in its financial statement.
As such, the company has secured a total of 6 new container vessels on long-term charter in order to minimise the service disruptions. Two of these have been deployed while the remaining will be delivered progressively from the fourth quarter of 2022, said Samudera.
Revenue rose 51.5 per cent to US$527 million in FY2021 from US$347.9 million the year before due to stronger contributions from the container shipping segment.
Revenue from the container shipping segment grew 53.7 per cent to US$510.3 million for the full year, due to a marked improvement in freight rates as demand for shipping services outpaced capacity supply, especially for the shipments of carrier-owned container cargo.
Meanwhile, revenue from the the bulk and tanker segment decreased 16.1 per cent to US$5.7 million from US$6.8 million the previous year.
Despite a significantly higher revenue, cost of services increased at a slower pace of 19.4 per cent to US$380 million versus the US$318.3 million FY2020, with Samudera attributing this to the group' s " prudent cost management" .
Other operating income came in at US$4.1million, higher that the S$900,000 the previous year. This is largely due to the US$2.5 million gain from the divestment of aging container vessels and containers as part of the group' s fleet rejuvenation effort.
Contributions from its associate company also grew 32.4 per cent to US$2.3 million in FY2021 mainly on the back of lower interest expenses incurred.
Earnings per share for the latest financial year stood at 23.90 US cents versus the 1.34 cents the year before.
Net asset value per share came in at 59.20 US cents as at Dec 31, 2021, higher than the 36.32 cents as at end-2020.
Grand opening..wow!
One of the highest dividends play in sgx....hopefully Pacific Century also pays this high this year.
https://www.straitstimes.com/business/companies-markets/samudera-shipping-posts-blowout-results
wow the special dividend.....
" The Group recorded a 51.5% increase in revenue to USD527.0 million for FY2021 compared to USD347.9 million in FY2020, and a 83.7% increase in revenue to USD317.9 million for 2H2021 compared to USD173.1 million in 2H2020, due to strong contribution from the container shipping segment. In view of the above, the Group&rsquo s net profit after tax for FY2021 recorded a significant jump to USD130.0 million, from USD7.3 million in FY2020."
spursfan ( Date: 24-Feb-2022 18:36) Posted:
| Solid results. Dividend 13.5cts
https://links.sgx.com/1.0.0/corporate-announcements/AIA87PEU2IELB1Y0/703490_SSL%20FY2021%20RESULT.pdf |
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Solid results. Dividend 13.5cts
https://links.sgx.com/1.0.0/corporate-announcements/AIA87PEU2IELB1Y0/703490_SSL%20FY2021%20RESULT.pdf
One of very few companies who will totally benefit from any war or disruptions.
Global freight rates will go up.
Good for Samudera.
Buy buy buy.......
Arriving at the 0.60 port soon
Results out tomorrow. Good luck to us! Heavily vested..
QueenMaya ( Date: 22-Feb-2022 11:38) Posted:
Samudera Shipping reaps rewards from skyrocketing prices
Samudera runs a thriving regional container shipping business which provides feeder services between Singapore and other regional ports in Asia. PHOTO: SAMUDERA INDONESIA/FACEBOOK
The incident saw worldwide container shipping rates skyrocketing. According to Clarkson Research, boxship charter rates quadrupled in 2021.
Come the new year, the surge in container rates has not subsided. In fact, never has container shipping begun a new year on such a high.
Two factors which could supercharge demand this year are the impending reopening in China, and US importers rushing to restock depleted inventories.
Seasoned analysts like Mr Judah Levine of Freightos see no chance of falling rates until underlying demand wanes. And that does not look likely any time soon.
Industry literature cites how the surge in rates has led to postponements in retirements of older container ships and spike in prices of second-hand vessels.
Clarkson' s second-hand container ship price index rose 33 per cent last year to a seven-year high, with the value of the global merchant fleet at US$1.042 trillion.
Some actual transacted prices have been even higher, according to trade publications.
The price of a 10-year old 4,500 TEU vessel is up some 270 per cent since June last year, while that for a 6,600 TEU second-hand vessel has shot up by over 140 per cent.
Meanwhile, the surge in rates is forcing shippers to abandon spot rates based on historical prices. Extensions and new rate fixtures are now being done on an average of 300 days ahead of the charter.
All this has translated into phenomenal profit for owners and operators of container vessels over the past year.
One company worth watching closely is mainboard-listed Samudera Shipping Line, which is expected to report its full-year results this month.
Samudera runs a thriving regional container shipping business which provides feeder services between Singapore and other regional ports in Asia. It also operates a bulk and tanker business which transports dry bulk, liquid and gas cargo, while its logistics arm does freight forwarding, warehousing and agency services.
But container shipping accounts for 95 per cent of its business.
Samudera' s half-year results to end-June 2021 surged 5.1 times to US$37.9 million, on the back of a 20 per cent rise in revenue to US$209.1 million. The half-year profit works out to 6.8 US cents or 9.2 Singapore cents per share (Samudera' s shares are quoted in Singapore currency, while financials are stated in US dollar).
Gross margin tripled from 7.4 per cent in 2020 to 21.4 per cent during the first half of the last financial year, thanks to surging shipping rates. Net cash from operating activities jumped to US$39 million, from US$13 million a year earlier.
As a result, Samudera came into the second half of 2021 with a cash position of US$108.6 million (or S$146 million), translating into 28 Singapore cents per share based on 529 million shares.
This is half its current market cap.
Given that the second half includes the traditional year-end high-season scramble for shipping space, the performance numbers to end-December 2021 could be significantly higher.
Even if its July-December 2021 numbers are only as good as the January-June figures, Samudera' s earnings per share will be over Singapore 18 cents, lowering its price-earnings multiple to three times (based on current stock price).
As at end-June last year, its net assets per share stood at 42.71 US cents, translating to 57 Singapore cents. Given container ship values have doubled since 2020, its real net asset value is likely to be much higher.
There is nothing listed on the Singapore Exchange at the moment with these kinds of ratios.
Charter rates are now being negotiated one to three years ahead at historically high rates. And should war break out in Eastern Europe, further tightening of the global supply chain crunch could further ratchet up rates.
Not surprisingly, the overwhelming consensus among industry insiders, including Mr Soren Skou, chief executive of shipping giant A.P. Moller-Maersk, is that while 2021 was a record year for container shipping worldwide, demand and pricing capacity in 2022 will remain extremely strong for container ship operators and possibly beat all previous records.
The good times look set to continue rolling for Samudera and its industry cohorts.
The Singapore-listed entity is 65 per cent controlled by Indonesia' s Samudera Shipping.
It would be interesting to see what the parent does after its Singapore unit reports results.
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Samudera Shipping reaps rewards from skyrocketing prices
Samudera runs a thriving regional container shipping business which provides feeder services between Singapore and other regional ports in Asia.
PHOTO: SAMUDERA INDONESIA/FACEBOOK
The incident saw worldwide container shipping rates skyrocketing. According to Clarkson Research, boxship charter rates quadrupled in 2021.
Come the new year, the surge in container rates has not subsided. In fact, never has container shipping begun a new year on such a high.
Two factors which could supercharge demand this year are the impending reopening in China, and US importers rushing to restock depleted inventories.
Seasoned analysts like Mr Judah Levine of Freightos see no chance of falling rates until underlying demand wanes. And that does not look likely any time soon.
Industry literature cites how the surge in rates has led to postponements in retirements of older container ships and spike in prices of second-hand vessels.
Clarkson' s second-hand container ship price index rose 33 per cent last year to a seven-year high, with the value of the global merchant fleet at US$1.042 trillion.
Some actual transacted prices have been even higher, according to trade publications.
The price of a 10-year old 4,500 TEU vessel is up some 270 per cent since June last year, while that for a 6,600 TEU second-hand vessel has shot up by over 140 per cent.
Meanwhile, the surge in rates is forcing shippers to abandon spot rates based on historical prices. Extensions and new rate fixtures are now being done on an average of 300 days ahead of the charter.
All this has translated into phenomenal profit for owners and operators of container vessels over the past year.
One company worth watching closely is mainboard-listed Samudera Shipping Line, which is expected to report its full-year results this month.
Samudera runs a thriving regional container shipping business which provides feeder services between Singapore and other regional ports in Asia. It also operates a bulk and tanker business which transports dry bulk, liquid and gas cargo, while its logistics arm does freight forwarding, warehousing and agency services.
But container shipping accounts for 95 per cent of its business.
Samudera' s half-year results to end-June 2021 surged 5.1 times to US$37.9 million, on the back of a 20 per cent rise in revenue to US$209.1 million. The half-year profit works out to 6.8 US cents or 9.2 Singapore cents per share (Samudera' s shares are quoted in Singapore currency, while financials are stated in US dollar).
Gross margin tripled from 7.4 per cent in 2020 to 21.4 per cent during the first half of the last financial year, thanks to surging shipping rates. Net cash from operating activities jumped to US$39 million, from US$13 million a year earlier.
As a result, Samudera came into the second half of 2021 with a cash position of US$108.6 million (or S$146 million), translating into 28 Singapore cents per share based on 529 million shares.
This is half its current market cap.
Given that the second half includes the traditional year-end high-season scramble for shipping space, the performance numbers to end-December 2021 could be significantly higher.
Even if its July-December 2021 numbers are only as good as the January-June figures, Samudera' s earnings per share will be over Singapore 18 cents, lowering its price-earnings multiple to three times (based on current stock price).
As at end-June last year, its net assets per share stood at 42.71 US cents, translating to 57 Singapore cents. Given container ship values have doubled since 2020, its real net asset value is likely to be much higher.
There is nothing listed on the Singapore Exchange at the moment with these kinds of ratios.
Charter rates are now being negotiated one to three years ahead at historically high rates. And should war break out in Eastern Europe, further tightening of the global supply chain crunch could further ratchet up rates.
Not surprisingly, the overwhelming consensus among industry insiders, including Mr Soren Skou, chief executive of shipping giant A.P. Moller-Maersk, is that while 2021 was a record year for container shipping worldwide, demand and pricing capacity in 2022 will remain extremely strong for container ship operators and possibly beat all previous records.
The good times look set to continue rolling for Samudera and its industry cohorts.
The Singapore-listed entity is 65 per cent controlled by Indonesia' s Samudera Shipping.
It would be interesting to see what the parent does after its Singapore unit reports results.
Results out next Thursday. Expect a huge payout and fantastic results.
Can' t think of many companies who are raking in from the global soaring shipping rates
and business.
Most probably next week..
QueenMaya ( Date: 12-Feb-2022 13:11) Posted:
The results are coming out soon in February. It's a clear sign that the results is going to be more than spectacular. At current price this is a huge bargain. The global shipping sector is facing massive demand supply issues.
ValueSeer ( Date: 30-Dec-2021 22:01) Posted:
| Full year results should be out around Feb. Earnings for 2021 is projected to be 8-10 times of the average full year earnings for past 5 years. Likely to see net cash shoot up and special dividend announced. If FY2021 earnings is 25 cents , trailing P/E is only 2+
Parent company increased 5 fold while samudera only increased 1 fold+ even though this company contribute to majority of parent's earnings. Probably a very short time frame for thos who want to enter before prices shoot up to 80+ cents.
2022 1H will likely see continued supply chain disruption. Another year of great earnings ahead |
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The results are coming out soon in February. It's a clear sign that the results is going to be more than spectacular. At current price this is a huge bargain. The global shipping sector is facing massive demand supply issues.
ValueSeer ( Date: 30-Dec-2021 22:01) Posted:
| Full year results should be out around Feb. Earnings for 2021 is projected to be 8-10 times of the average full year earnings for past 5 years. Likely to see net cash shoot up and special dividend announced. If FY2021 earnings is 25 cents , trailing P/E is only 2+
Parent company increased 5 fold while samudera only increased 1 fold+ even though this company contribute to majority of parent's earnings. Probably a very short time frame for thos who want to enter before prices shoot up to 80+ cents.
2022 1H will likely see continued supply chain disruption. Another year of great earnings ahead |
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