Samudera Shipping

Samudera Indonesia reported earnings of US$33.7m Vs US$5.1m a year ago. Last year the parent company reported US$97.3m Vs Samudera Shipping earnings of US$128.6m. Why parent company earnings are lower than Samudera Shipping is because it owns about 65% of the company and bulk of the earnings by Samudera Indonesia comes from Samudera Shipping.

Hence Samudera Shipping earnings for the 1st two months probably are much higher than US$33.7m reported by Samudera Indonesia.

Last year Samudera's 1st half earnings is US$36.7m....probably for this year the 1st two months already exceed this amount

Newly update shareholder list shows who is the one who has been buying.......investor not syndicate.....

7.7m shares done today yet 796.4 lots of short selling...
https://sginvestors.io/market/sgx-top-sh...l-by-value

Samudera Indonesia (SMDR) Optimistic of Revenue Reaching More than US$ 700 Million in 2022

Reporter: Dimas Andi | Editor: Anna Suci Perwitasari

KONTAN.CO.ID - JAKARTA. PT Samudera Indonesia Tbk ( SMDR ) is optimistic about the prospect of the shipping business being undertaken by this company in 2022.

President Director of Samudera Indonesia Bani Maulana Mulia said that this year SMDR targets revenues to reach or even exceed US$ 700 million. Just so you know, in 2021, SMDR earned a revenue increase of 37.09% year on year (yoy) to US$ 672.91 million.


SMDR was also able to achieve a net profit of US$ 93.04 million last year, in contrast to the previous year where the company suffered a net loss of US$ 3.34 million.

Bani assessed that the potential for improving SMDR's performance can be seen from the company's revenue in the first two months of this year which has exceeded the initial target estimate. We see the potential for the number of transportations to continue to grow and be able to be higher than last year, he said, Thursday (7/4).

Read also: This is the strategy of Samudera Indonesia (SMDR) to deal with rising oil prices

Although not explained in detail, the trend of increasing container shipping rates ( freight rate ) has a very significant impact in supporting SMDR's performance throughout this year, in addition to other factors.

Furthermore, the increase in world crude oil prices must be acknowledged as affecting the sustainability of SMDR's operations and financial performance, but the resulting impact is not that great. This is because SMDR already has an agreement with customers that they will be charged an additional fee for fuel in the event of an increase in oil prices.

On the other hand, if there is a decrease in oil prices, we will also provide a kind of discount to customers, said Bani.

SMDR itself has a fuel portion of around 25% to 30% of the company's total expenses.

On the other hand, the potential for increased income when crude oil prices soared is quite open. This is because the demand for shipping and logistics services from the oil and gas industry has increased when oil prices are at high levels.

Samudera Indonesia (SMDR) Optimistic of Revenue Reaching More than US$ 700 Million in 2022
https://industri.kontan.co.id/news/samud...ta-di-2022

I have sought some information from Samudera Shipping yesterday via Ms Alvina Tan of Ark Advisors, the company investor relations consultant.

Questions raised:
1.  What is the estimated ratio of revenues based on spot rate and contracted rate for the container shipping business?
2.  For customers on contracted term rate, usually they are signed/lock-in for how long (ie years)?
3.  Has Samudera Shipping began levying fuel surcharge on its customers?

Answers given:
1. The bulk of Samudera's container slots are contracted to the main line operators (ie, the bigger shipping lines that ply Asia - US/Europe) and these contribute approximately 70-80% of the Company's revenue.
2. The duration of a typical contract period  is 12 months and is subject to renewal upon expiry.
3.  Yes, the company currently has a scheme of arrangement which allows it to pass on a fuel surcharge to its customers.

As such, it should not come as a surprise for higher revenue and profit for this year.  As it is, its parent company Samudera Indonesia has reported first 2 months earnings of US$33.7m Vs US$5.1m a year ago.  These answers certainly sounded music to my ears and I am looking forward to another record breaking year.  Hoping for an interim dividend of $0.005 and special interim dividend of $0.05 comes August (Samudera Shipping can easily accommodate given its ballooning cash position)

Vested

Thanks Yoyo for the information. I really hope the company will actively start a share buyback this year even though they have a share buyback mandate for many years but they have not been doing it. With their accumulating cash hoard and low PE, cash will be put to good use and is beneficial to existing shareholders. Mr Teo owned/bought 21m shares, imagine the share price if company bought back 54m shares.

The hard copy of annual report will not be sent. You can download the soft copy here.
https://links.sgx.com/1.0.0/corporate-an...e2a5f4b6c9


http://investideas.net/forum/viewtopic.p...&start=100

美國線新約上路＋遞延貨物出貨 分析師看好航商5月營運可望創高｜非凡財經新聞｜20220413
https://m.youtube.com/watch?v=S-YwhLq9vW0

(08-04-2022, 04:23 PM)Yoyo Wrote: I have sought some information from Samudera Shipping yesterday via Ms Alvina Tan of Ark Advisors, the company investor relations consultant.

Questions raised:
1.  What is the estimated ratio of revenues based on spot rate and contracted rate for the container shipping business?
2.  For customers on contracted term rate, usually they are signed/lock-in for how long (ie years)?
3.  Has Samudera Shipping began levying fuel surcharge on its customers?

Answers given:
1. The bulk of Samudera's container slots are contracted to the main line operators (ie, the bigger shipping lines that ply Asia - US/Europe) and these contribute approximately 70-80% of the Company's revenue.
2. The duration of a typical contract period  is 12 months and is subject to renewal upon expiry.
3.  Yes, the company currently has a scheme of arrangement which allows it to pass on a fuel surcharge to its customers.

As such, it should not come as a surprise for higher revenue and profit for this year.  As it is, its parent company Samudera Indonesia has reported first 2 months earnings of US$33.7m Vs US$5.1m a year ago.  These answers certainly sounded music to my ears and I am looking forward to another record breaking year.  Hoping for an interim dividend of $0.005 and special interim dividend of $0.05 comes August (Samudera Shipping can easily accommodate given its ballooning cash position)

Vested

Sharing some interesting insights.

Is global shipping heading to a recession.
https://youtu.be/08nFP16yXPs
Of interest is Sal’s reservations toward the end of the video.

The great supply chain collapse to continue into 2023.
https://youtu.be/4-BTDDc3pu4

Samudera which mainly provides feeder services to the big boys, may continue its enriching piggyback ride on them.

Response to shareholders questions

https://links.sgx.com/1.0.0/corporate-an...56a9a4dc44